HomeMy WebLinkAboutReso 51-24 establishing Prop 4 Appropriations Limit FY 24-25RESOLUTION NO. 51-24
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF MORRO BAY, CALIFORNIA,
ESTABLISHING THE ANNUAL PROPOSITION 4
APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2024-25
THE CITY COUNCIL
City of Morro Bay, California
WHEREAS, Article XIIIB of the California Constitution restricts the appropriation of
tax proceeds that the City receives in any given fiscal year; and
WHEREAS, the City has calculated the FY 2024-25 appropriations limit, in
accordance with the provisions of Article XIIIB of the California Constitution; and
WHEREAS, in June 1990, the California voters approved Proposition 111, amending
the Gann Initiative to provide local agencies with the option of using either the city or county
population change percentage, whichever is greater. The City is calculating this limit using
the San Luis Obispo County population change and the California Per Capita Personal
Income, referred to as the Price Factor (outlined in Exhibit 3, attached hereto); and
WHEREAS, the City has complied with Government Code 7910.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro
Bay, California, to adopt Resolution No. 51-24, which accepts the calculation of the FY 2024-
25 appropriations limit, as prepared by the Morro Bay Finance Department, and establishes
the FY 2024-25 appropriations limit at $35,461,193, based on the calculation detailed in
Exhibits 1 and 2 attached hereto.
PASSED AND ADOPTED, by the City Council of the City of Morro Bay, at a regular
meeting thereof held on the 25' day of June 2024, by the following vote:
AYES:
Wixom, Barton, Edwards, Ford, Landrum
NOES:
None
ABSENT:
None
ABSTAIN:
None
RECUSED:
None
ls M
CARLA IXOM, Mayor
ATTEST:
���w GYv►Or�
ffAWA SWANSON, City Clerk
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CITY OF MORRO BAY
APPROPRIATION LIMIT DOCUMENTATION
FISCAL YEAR 2024-25
PROCEEDS OF TAXES CALCULATION
[1] PROCEEDS TOTAL
PROCEEDS OTHER THAN ESTIMATED
OF TAXES TAXES REVENUES
APPROPRIATION LIMIT CALCULATION
[2] [3]
CALIFORNIA POPULATION
YEAR PCPI CHANGE CHANGE
PROPERTY TAXES
$ 5,799,575
5,799,575
1978-79 BASE YEAR
INTERGOVERNMENTAL
5,257,404
5,257,404
1979-80
10.17%
OTHER TAXES
11,935,735
747,380
12,683,115
1980-81
10.53%
PERMITS
725,000
725,000
1981-82
9.12%
REVENUE FROM AGENCIES
-
1982-83
6.79%
STATE
1983-84
2.35%
STATE/COUNTY GRANTS
1984-85
4.74%
FEDERAL GRANTS
1985-86
3.74%
USE OF MONEY & PROPERTY
1986-87
2.30%
INTEREST
591,241
591,241
1987-88
3.04%
RENT
593,592
593,592
1988-89
3.93%
FINES & FORFEITURES
128,608
128,608
1989-90
4.98%
CHARGES FOR SERVICES
21,948,809
21,948,809
1990-91
4.21%
OTHER REVENUES
2,559,262
2,559,262
1991-92
4.14%
1992-93
-0.64%
$ 17,735,310 $
32,551,296 $
50,286,606
1993-94
2.72%
1994-95
0.71%
TRUE
1995-96
4.72%
1996-97
4.67%
1997-98
4.67%
1998-99
4,15%
1999-2000
4.53%
2000-01
4.91 %
2001-02
7.82%
2002-03
-1.27%
2003-04
2.31 %
2004-05
3.28 %
2005-06
5.26%
2006-07
3.96%
2007-08
4.42 %
2008-09
4.29 %
2009-10
0.62%
2010-11
-2.54%
2011-12
2.51%
2012-13
3.77%
2013-14
5.12%
2014-15
-0.23%
2015-16
3.82%
2016-17
5.37%
2017-18
3.69%
2018-19
3.67%
2019-20
3.85%
2020-21
3.73%
2021-22
5.73%
2022-23
7.55%
2023-24
4.44%
2024-25
3.62%
PROCEEDS OF TAXES
PROCEEDS OF TAXES
UNDER APPROPRIATION
LIMIT
1.38 %
0.26%
1.39 %
2.04 %
1.81 %
1.75 %
1.62%
4.12 %
2.93%
3.83 %
3.92%
4.59%
3.04%
1.00%
1.86%
1.40%
1.60%
2.31 %
2.06%
2.70 %
2.28%
2.46%
1.60 %
1.80%
1.32%
1.15%
1.19%
0.73%
0.96 %
1.12%
1.01 %
0.87 %
1.09%
0.47%
0.52 %
0.09%
0.78 %
0.77%
0.59 %
0.35%
0.24 %
-0.42%
-0.30%
0.28 %
-0.50%
-0.08%
LIMIT
3,046,393
3,402,527
3,770,591
4,171,660
4,545,796
4,736,835
5,048,185
5,321,826
5,668,530
6,011,990
6,487,570
7,077,629
7,714,137
8,277,721
8,306,991
8,691,654
8,875,912
9,443,573
10,112,922
10,803,250
11,555,378
12,354,234
13,279,663
14,547,223
14,620,998
15,156,198
15,833,334
16,864,495
17,660,315
18,617,934
19,634,110
19,955,375
19,617,710
20,329,315
21,194,880
22,395,914
22,364,513
23,399,944
24,846,376
25,915,210
26,960,330
28,065,499
28,990,070
30,559,247
32,958,496
34,249,744
35,461,193
17,735,310
$ 17,725,883