R 4368 RESOLUTION NO. 4368
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARROYO GRANDE ADOPTING A TAX PROCEEDS
EXPENDITURE APPROPRIATION LIMIT FOR FISCAL YEAR
2011 -12
WHEREAS, Sections 7900 et seq. of the Government Code provide for the effective and
efficient implementation of Article XIIIB of the California Constitution; and
WHEREAS, Government Code Sections 7901 through 7914 provide that each year, the
governing body of each local jurisdiction shall, by resolution adopted at a regularly
scheduled meeting, establish the annual adjustment factors to be used and the tax
proceeds expenditure appropriation limit.
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Arroyo Grande
as follows:
1. The California per capita income and the population of San Luis Obispo County,
California are recognized as the annual adjustment factors for Fiscal Year 2011-12.
2. The appropriation limit for Fiscal Year 2011 -12 is hereby set at seventeen million,
eighty -nine thousand, and one hundred and sixty -two dollars ($17,089,162).
3. Documentation used in the determination of the tax proceeds expenditure
appropriation limit is attached hereto as Exhibit A and incorporated herein by this
reference.
4. This Resolution is effective on its date of adoption.
On motion of Council Member Brown, seconded by Council Member Guthrie, and on the
following roll call vote, to wit:
AYES: Council Members Brown, Guthrie, Costello, Ray, and Mayor Ferrara
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted this 14 day of June, 2011.
RESOLUTION NO, 4368
PAGE 2
I .4.�i ife./"
TONY FERcAA MAYOR
ATTEST:
l l / afte hUOA ---
KELLY W' TM e ' E, CITY CLERK
APPROVED AS TO CONTENT:
STEVEN ADAMS, CITY MANAGER
APPROVED AS TO FORM:
TI OTHY ‘t
ARMEL, CITY ATTORNEY
Exhibit A
CITY OF ARROYO GRANDE
CALCULATION OF APPROPRIATION LIMIT FROM TAX PROCEEDS
FOR FISCAL YEAR 2011 -12
Appropriation limit for 2010 -11 $ 16,462,168
Multiplied by the appropriation limit change factors:
Per Capita Personal Income Change: 2.51%
Conversion to ratio: 2.51% + 100
1.0251
100
Population Change:
2010 17,145
2011 17,365 1.2669%
Change 220
Conversion to ratio: 220 1.2669 + 100 1.01267
17,365 100
A..'ROPRIATION LIMIT FOR FISCAL YEAR 2011 -12 $ 17,089,162
ESTIMATED 2011 -12 PROCEEDS OF TAXES SUBJECT TO
APPROPRIATION LIMIT $ 11,323,211
OFFICIAL CERTIFICATION
I, KELLY WETMORE, City Clerk of the City of Arroyo Grande, County of San Luis
Obispo, State of California, do hereby certify under penalty of perjury, that the attached
Resolution No. 4368 is a true, full, and correct copy of said Resolution passed and
adopted at a Regular meeting of the City Council of the City of Arroyo Grande on the
14 day of June 2011.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 15 day of
June 2011.
KE ETA)IORE, CITY CLERK