HomeMy WebLinkAboutAgenda Report - May 20, 1981 (56)z I a ; 11 f i1i I ;� q7.� i
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RESOLUTION NO. 81-58
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RESOLUTION ADOPTING AN APPROPRIATIONS SPENDING
LIMIT FOR 1981-82 IN COMPLIANCE WITH PROPOSITION
4 ARTICLE XIIIB OF THE CONSTITUTION
RESOLVED, that the City Council of the City of Lodi
does hereby adopt the following Appropriation Spending Limit
for 1981-82 in compliance with Proposition 4, now Article
XIIIB of the State Constitution.
Total Appropriation for 1978-79 Base
year as adopted by the City of
Lodi $6,623,521.
Increased by
Allowable Accumulated Growth to
1981-82 of 42.961
Therefore the Spending Limit for
1981-82 $9,468.985.
Dated: May 20, 1981
I hereby certify that Resolution No. 81-58 was passed
and adopted by the City Council of the City of Lodi
in a regular meeting held May 20, 1981 by the follow-
ing vote:
Ayes: Councilmen - Hughes, Murphy, Pinkerton, Katnich
and McCarty
Noes: Councilmen - None
Absent: Councilmen - None
ALICE M. REIMCHE
City Clerk
81-58
vI4-3 1:MNI Jv
TO: Alice M. Reimche, City Clerk DATE: May 28, 1981
FROM: Fred C. Wilson, Finance Director
SUBJECT: Period of Public Challenge for the
City of Lodi 1981-82 - Proposition 4 Spending Limit
SB -1352 was passed and became effective January 1, 1981. The bill
provided for a 60 -day challenge period for the first year spending
limit and a 45 -day period for challenge each year thereafter.
The bill provided a vehicle for acceptance of the spending Limit -
it was by resolution - but was totally silent as to the procedure
to be followed for communication of the challenge information.
In the absence of further instructions, I will have to assume that
45 days after the Council coverage in the newspaper of the limit,
the period of challenge will be expired.
You have no further duty to anyone, but Ron Stein may have comments.
FCW
cc: Robert Holm, Assistant Finance Director
Ronald M. Stein, City Attorney
T0: Henry A. Glaves, Jr., City Manager DATE: May 7, 1981
FROM: Fred C. Wilson, Finance Director
SUBJECT: Allowable Spending Limit for the City of Lodi for 1981-82
as Permitted by Terms of Proposition #4 is $91468j985
From Proceeds of Taxes.
We -must adopt a spending limit for 1981-82. Article XIII B of the
California Constitution, as implemented by SB -1352 of 1980, specifies
that appropriations of governmental entities may increase by an amount
not to exceed the change in population and the changes in the United
State Consumers Price Index, or the California per capita personal
income, whichever is less.
Using growth factors allowed of 11.63% for 1980, 15.1.0% for 1981 and
11.26% for 1982, our accumulated growth allowed for 1982 would be
42.96% over the base year 1978-79 of $6,623,521.
The 1981-82 appropriation spending from proceeds of taxes would therefore
be $9,468,985.
The resolution attached has been prepared for Council consideration
and adoption.
FCW
attachment
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CALCULATIONS FOR CITY OF LODI
PROPOSITION #4 SPENDING LIMIT
FOR 1981-82
1979-80 Permitted Growth for 1980
CPI Change + 10.17%
Population Change + 1.32%
Computes to:
10.17 + 100.00 100.00 - 1.1017
1.32 + 100.00 100.00 - 1.0132
1.1017 x 1.0132 - 1.1163 or 11.63 for 1980
1980-81 Permitted Growth for 1981
Per Capita Income Change - + 12.11%
Population Change + 2.66%
Computes to:
1.1211 + 100.00 + 100.00 - 1.1211
1.0266 + 100.00 + 100.00 1.0266
1.1211 x 1.0266 - 1.1510 or 15.10 for 1981
1.1510 x 1.1163 - 1.2849 or 28.49 for two years ratio
1981-82 Permitted Growth for 1982
Per Capita Income Increase 9.12%
Population Increase + 1.96%
Computes to:
9.12 x 100.00 + 100.00 - 1.0912
1.96 x 100.00 100.00 - 1.0196
1.0912 x 1.0196 - 1.1126 or 11.26%
1.2849 x 1.1126 - 1.4296 or 42.96%
for cumulative growth for 1981-82
over 1978-79 appropriation limit