1988-137-Setting The FY 1988-89 Appropriations Limit For Revenue Generated From "Proceeds Of Taxes" Pursuant To Article XIII (B) Of The State ConstitutionRESOLUTION NO. 1988 -137
A RESOLUTION SETTING THE FY 1988 -89 APPROPRIATIONS LIMIT FOR REVENUE
GENERATED FROM "PROCEEDS OF TAXES" PURSUANT TO ARTICLE XIII(B) OF
THE STATE CONSTITUTION
WHEREAS, Article XIII(B) of the California State Constitution provides that
local governments are subject to an appropriations limit from revenues
designated as "proceeds of taxes ", and
WHEREAS, the Town of Los Gatos has determined its appropriations limit for
the fiscal year beginning July 1, 1988 and ending June 30, 1989.
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Los
Gatos, County of Santa Clara, State of California, that the appropriations
limit for the Town of Los Gatos for the fiscal year 1988 -89 is established at
$9,348,795•
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos, California, held on the 20 day of June 1988 by the
following vote:
AYES: COUNCIL MEMBERS Thomas J Ferrito Robert L. Hamilton
Brent N. Ventura and Mayor Eric D. Carlson
NOES: COUNCIL MEMBERS None
ABSTAIN: COUNCIL MEMBERS None
ABSENT: COUNCIL MEMBERS Joanne Benjamin
SIGNED:
MAYOR OF THE TOWN OF LOS GATOS
ATTEST:
CLERK OFD TOWN OF LOS GATOS --
188-8
APPROPRIATION LIMIT
U.S. CPI
Population Change
Ratio of Change
1987 -88 Limit x Ratio of Change
$8,916,334 x 1.0417 =
1988 -89 Addition of
Ballfield Maintenance
Previously Performed By
School District
1988 -89 APPROPRIATION LIMIT
BRL:pm 06/14/88
Cnnvarted
3.93% 1.0393
.23% 1.0023
1.0393 x 1.0023 = 1.0417
$9,288,145
$60,650
$9,348,795
1988-89 APPROPRIATION LIMIT
1988 -89 Recommended Operating
Budget Appropriations $22,016,191
Less:
Federal Grants 332,942
Internal Service Funds 861,745 1,194,687
20, T21,50
Less:
Non - Process of Taxes 2,746,629
Reserve for Paid Leave 100,000
Capital Projects 8,988,215 11,834,844
Appropriations Subject
to Limit 8,986,660
1988 -89 Appropriation Limit 9,348,795
Balance Under Authorization $362,135
BRL:pm 06/20/88
APPROPRIATION LIMIT
PROCEEDS/NON-PROCEEDS OF TAXES
1988 -89
Less 1962 Municipal
Improvement Bonds
Estimated
Proceeds of
Non - Proceeds
Revenue
Taxes
of Taxes
Property Taxes
$2,535,820
$2,535,820
Non - Property Taxes
5,385,863
4,929,863
$456,000
Motor Vehicle In -Lieu
926,390
926,390
2,158,169
Licenses & Permits
705,000
705,000
Fines & Forfeitures
250,200
$ ,9� 9555F
250,200
Use of Money & Property
66,840
66,840
Current Service Charge
257,700
67,102
257,700
From Other Agencies
152,910
$8,92 52
152,910
Miscellaneous Revenue
23,000
23,000
Mediation /Arbitration
45,000
45,000
Traffic Safety
130,000
130,000
Transit Development
151,337
151,337
Gas Tax
416,847
416,847
CDBG
166,680
166,680
Construction Tax
112,500
112,500
Storm Drain
23,200
23,200
Sanitary Sewer
268,135
268,135
1965 Park Bonds
43,500
43,500
FEMA
159,262
159,262
Total Before Interest
$11,820,184
$8,392,073
$3,428,111
Interest Income
850,000
603,481
246,519
Total
$12,E7-0-, 1-N
$8,995,554
$3,67+
Less 1962 Municipal
Improvement Bonds
67,102
8,92 52
1988 -89 Appropriations Limit
9,348,795
Under Limit
420,343
General Fund Revenue
11,153,723
8,995,554
2,158,169
Transfers In
588,460
588,460
Total
$11,M_t_M
$ ,9� 9555F
$2,
Less 1962 Municipal
Improvement Bonds
67,102
67,102
$11,67-5-776-1
$8,92 52
$2,746,629
BRL:pm 06/20/88