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Resolution 2003-42 RESOLUTION NO, 2003-42 RESOLUTION OF THE COUNCIL OF THE CITY OF GILROY ADOPTING THE APPROPRIATION LIMIT FOR 2003-2004 FISCAL YEAR WHEREAS, the voters of the State of California elected to add Article XIII. B, of the California Constitution known as the Gann Initiative and Proposition 4; and WHEREAS, the State of California, Department of Finance, and the League of California Cities have established uniform guidelines and have published appropriate percentages for California per capita and population changes for the implementation ofthe subject limit. NOW, THEREFORE, BE IT RESOLVED that the appropriation limit for the City of Gilroy for 2003-2004 is $85,734,113,00, PASSED AND ADOPTED this 16th day of June, 2003 by the following vote: AYES: COUNCILMEMBERS: ARELLANO, DILLON, GARTMAN, MORALES, PINHEIRO, and SPRINGER NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: VELASCO APPROVED: ATTEST: -1- RESOLUTION NO. 2003-42 DETERMINATION OF THE APPROPRIATIONS LIMIT CITY OF GILROY FY 03/04 Fiscal Year 2002-03 Population Factor Inflation Factor Fiscal Year 2003-04 Adopted Limit $ {City Growth} {California per capita income} Umh $ 81,730,587 1.0253 1.0231 85,734,113 APPROPRIATIONS SUBJECT TO LIMITATION CITY OF GILROY FY03/04 BUDGET A. Proceeds of Taxes B. Exclusions AMOUNT $ 24,833,236 C. Appropriations Subject to Limitation $ 24,833,236 D. Current Year Limit $ 85,734,113 E. Over (Under) Limit $ (60,900,877) REVENUE TAXES Property Taxes Sales & Use Tax Business Licence Tax Utility Users Tax Transient Occupancy Tax Other Taxes FROM STATE Motor Vehicle in Lieu Homeowners Relief State Grants LOCALLY RAISED Franchise Fees Rents, Royalties,Concessions Fines, Forfeitures, Penalties USER FEES (from Worksheet #1) OTHER MISCELLANEOUS Transfers Miscellaneous SUB-TOTAL (for Worksheet #3) INTEREST EARNINGS (From Worksheet #3) TOT AL REVENUE RESERVE WITHDRAWALS (including appropriated fund balance) Total of these Funds CALCULATION OF PROCEEDS OF TAXES CITY OF GILROY FY 03/04 BUDGET GENERAL FUND Proceeds Non-Proceeds of Taxes of Taxes Total $ 4,129,468 $ 4,129,468 $ 12,125,522 $ 12,125,522 $ 503,908 $ 503,908 $ 3,460,738 $ 3,460,738 $ 776,381 $ 776,381 $ 345,728 $ 345,728 $ 2,553,310 $ 2,553,310 $ 38,022 $ 38,022 $ 128,451 $ 128,451 $ 947,246 $ 947,246 $ 37,000 $ 37,000 $ 226,000 $ 226,000 $ 175,298 $ 2,676,473 $ 2,851,771 $ 2,699,907 $ 2,699,907 $ 1,060,810 $ 1,060,810 $ 24,108,375 $ 7,775,887 $ 31,884,262 $ 724,861 $ 233,798 $ 958,659 $ 24,833,236 $ 8,009,685 $ 32,842,921 $ 24,833,236 $ 8,009,685 $ 32,842,921 INTEREST EARNINGS PRODUCED BY TAXES CITY OF GILROY FY 03/04 BUDGET A. NON-INTEREST TAX PROCEEDS $ 24,108,375 B. MINUS EXCLUSIONS $ C. NET INVESTED TAXES $ 24,108,375 D. TOTAL NON-INTEREST $ 31,884,262 Revenue plus Reserve Withdraws E. TAX PROCEEDS AS PERCENT OF BUDGET 0.75612 F.INTEREST EARNINGS $ 958,659 G. AMOUNT OF INTEREST EARNED FROM TAXES $ 724,861 H. AMOUNT OF INTEREST $ 233,798 EARNED FROM NON-TAXES USER FEES VERSUS COSTS CITY OF GILROY FY 03/04 BUDGET USER FEES Over(Under) DEPT # DEPARTMENT NAME USER FEES COSTS COSTS 2601 Engineering $ 852,000 $ 709,372 $ 142,628 2602 Planning $ 390,000 $ 616,614 $ (226,614) 2603 B. L.E.S. $ 1 ,366,271 $ 1,333,601 $ 32,670 2605 Fire Prevention - Haz Mat $ 243,500 $ 344,519 $ (101,019) Totals $ 2,851,771 $ 3,004,106 $ (152,335) I, RHONDA PELLIN, City Clerk ofthe City of Gilroy, do hereby certify that the attached Resolution No. 2003-42 is an original resolution, or true and correct copy of a city resolution, duly adopted by the Council of the City of Gilroy at a regular meeting of said Council held on the 16th day of June, 2003, at which meeting a quorum was present. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of the City of Gilroy this 23rd day of June, 2003. ~... &1 ~~ ~A--) City Clerk of the .City of Gilroy - (Seal)