HomeMy WebLinkAbout42-91 Y. • •
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RESOLUTION NO. 42-91
RESOLUTION OF
THE CITY COUNCIL OF
THE TOWN OF LOS ALTOS HILLS
SETTING THE TOWN'S APPROPRIATION LIMIT
FOR FISCAL YEAR 1991-92 AND
RESETTING THE TOWN'S APPROPRIATION LIMIT
FOR FISCAL YEAR 1990-91
WHEREAS, the City Council of the Town of Los Altos Hills has
adopted the 1991-92 Fiscal Year Budget; and
WHEREAS, the City Council has calculated the 1991-92
appropriations limit and recalculated the 1990-91 appropriations
limit, pursuant to Proposition 111; and
WHEREAS, the Town has given notice of its intention to adopt
the appropriations limits for a period of fifteen (15) days, in
accordance with State law;
NOW, THEREFORE, the City Council of the Town of Los Altos
Hills does RESOLVE as follows:
Section 1. The City Council does hereby approve and adopt
the appropriations limit, pursuant to California Constitution
Article XIII.B, for Fiscal Year 1991-92, and the calculations for
this appropriations limit are set forth in Exhibit A hereto.
Section 2. The City Council does hereby approve and adopt
the recalculated appropriations limit, pursuant to California
Constitution Article XIII.B, for Fiscal Year 1990-91, and the
recalculations for this appropriations limit are set forth in
Exhibit B hereto.
REGULARLY PASSED AND ADOPTED this 17th day of July, 1991.
BY: .At _
Mayor
ATTEST:
PB\MAS\14949087.W50
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GANN LIMIT
LOS ALTOS HILLS
1991-1992 BUDGET
CALCULATION OF 1991-1992 GANN LIMIT
PROPOSITION 111 ALLOWS CALCULATION OF THE LIMIT FOR 1991-1992
ACCORDING TO A CHOICE OF FACTORS.
1. ECONOMIC GROWTH
LOCAL ASSESSMENT ROLL
NON-RESIDENTIAL
CP1 NEW CONSTRUCTION
PERCENT GROWTF 4.14% Not yet available from
County Assessor.
2. POPULATION •
TOWN COUNTY
PERCENT GROWT- 0.16% 1.31%
REVISED APPROPRIATIONS LIMIT 1990-91 $1,938,196
ECONOMIC FACTOR 1 .0414
POPULATION FACTOR 1.0131
APPROPRIATIONS LIMIT 1991-92 $2,044,879
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Exhibit A
6/18/91
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GANN LIMIT
LOS ALTOS HILLS
1991-1992 BUDGET
RECALCULATION OF 1990-1991 GANN LIMIT
PROPOSITION 111 HAS AUTHORIZED RECALCULATION OF THE LIMIT FOR 1990-1991
ACCORDING TO A CHOICE OF FACTORS.
1. ECONOMIC GROWTH ORIGINAL: ALTERNATIVE:
LOCAL ASSESSMENT ROLL
NON-RESIDENTIAL
CPI NEW CONSTRUCTION
1987-88 3.47% Not yet available from
1988-89 4.66% County Assessor.
1989-90 5.19%
1 990-91 4.21%
COMBINED FACTOR 1.1871
2. POPULATION ORIGINAL: ALTERNATIVE:
TOWN COUNTY
1987-88 -0.75% 0.63%
1988-89 1.08% 1.19%
1989-90 1.22% 1.94%
1990-91 1.74% 1.33%
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COMBINED FACTOR 1.0331 i 1.0518
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ADOPTED APPROPRIATIONS LIMIT 1990-91 $1,894,220
BACK OUT ORIGINAL FACTORS 1 .0331
NEW FACTORS 1 .0518
REVISED APPROPRIATIONS LIMIT 1990-91 $1 ,928,507
PLUS TRANSFERS OF RESPONSIBILITY
FROM COUNTY:
PRISONER BOOKING FEES 3,103
PROPERTYTAXADMIN FEE 6,586
REVISED APPROPRIATIONS LIMIT 1990-91 $1,938,196
6/18/Q1
Exhibit B