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HomeMy WebLinkAboutReso - CC - 070-2016RESOLUTION NO. 70-2016 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME ESTABLISHING 2016-17 APPROPRIATION LIMIT FOR CITY OF BURLINGAME PURSUANT TO ARTICLE XIII B OF THE CALIFORNIA CONSTITUTION WHEREAS, in November 1979, the voters of the State of California approved Proposition 4, the Gann Appropriation Limit Initiative, which states that beginning July 1, 1980, all state and local government budgets are limited to a formula based upon the 1978-79 budget, plus adjustments for cost of living and population changes, and specific exceptions for service charges, federal and state grants, reserve funds, etc.; and WHEREAS, the State Legislature adopted Government Code Section 7900, implementing Article XIII B of the California Constitution, and Proposition 111, adopted in June 1990, provided new adjustment formulas; and WHEREAS, the State Legislature adopted Government Code Section 7900, implementing Article XIII B of the California Constitution, and Proposition 111, adopted in June 1990, provided new adjustment formulas; and WHEREAS, Section 1.5 of Article XIII requires a review of the Gann Limit calculation as part of an annual financial audit, and the City of Burlingame has revised its the appropriation limit for fiscal year 2015-16 based on a review performed by independent financial auditors; and WHEREAS, in accordance with State law, the City of Burlingame has prepared documentation establishing the 2016-17 appropriation limit, and has made this documentation available to the public in the proposed 2016-17 budget more than fifteen (15) days before this resolution is being considered and adopted, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BURLINGAME RESOLVES AS FOLLOWS: 1 2 3. For Fiscal Year 2016-17, the City of Burlingame's appropriation limit is $73,799,126. The Adopted Budget for Fiscal Year 2016-17 includes $41,193,580 in appropriations that are subject to the limit, and proceeds of taxes of $58,570,383. For Fiscal Year 2016-17, the City of Burlingame is within the limits of Article XIII B of the California Constitution. I, Meaghan Hassel -Shearer, City Clerk of the City of Burlingame, do hereby certify that the foregoing Resolution was introduced at a regular meeting of the City Council held on the 20th day of June, 2016, and was adopted thereafter by the following vote: AYES: Councilmembers: BEACH, BROWNRIGG, COLSON, KEIGHRAN, ORTIZ NOES: Councilmembers: NONE ABSENT: Councilmembers: NONE Meagha 1-Shear ; City Clerk