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��� <br /> REPORT <br /> To the Honorabte Mayor and City Council <br /> From the City Manager <br /> October 16, 2000 <br /> Subject <br /> Annual Appropriations Limit for FY 2000/01 <br /> Recommendation <br /> That the City Council adopt a resolution establishing the Appropriations Limit for the fiscal <br /> year 2000/01. <br /> Background <br /> In 1979 the voters of the State of California passed Proposition 4, the Gann spending limit <br /> � initiative. The initiative establishes and defines annual appropriation limits for state and <br /> local government entities and requires that the City adopt an appropriations limit annually. <br /> Moreover, the initiative provides for annual adjustments for changes in population, and <br /> either the statewide percentage change in per capita personal income or percentage <br /> change in assessed valuation attributable to growth in non-residential new construction. <br /> The recommended appropriations limit for 2000/01 is $79,512,328 while the limit for <br /> 1999/00 was $67,647,038. The actual appropriations subject to the limit is $46,575,555. <br /> The attachment displays the calculations utilized to arrive at this amount. <br /> � <br /> � <br /> Brian Ponty Edward Evere <br /> Director of Finance and Financial Planning City Manager <br /> Attachment <br /> Proposition 4 Appropriation Limitations Fiscal Year 2000/01 <br /> _ .. <br /> _. _ _ � .. _. _ ----- .. .__�.__._�__ _.__.._. �. _ _. <br />