INTRODUCTION
of the appropriations limit by resolution of the City Council is to be completed prior to the fiscal year in question. Once the appropriation limit has been adopted, there are two publication requirements:
The appropriations limit and the total appropriation subject to limitation must be published in the budget. Resolutions can be found at the end of the Financial Policies Chapter.
The State Controller’s Office requires the submission of an informational form along with the filing of the Annual Statement of Financial Transactions no later than 110 days after the close of each fiscal year.
Annually during the City’s financial audit, the auditors apply agreed -upon procedures to ensure the City meets the requirements of Section 1.5 of Article XIII-B of the California Constitution.
The City’s General Plan identifies the level and pace of growth of the undeveloped areas of the City. The Strategic Business Plan models expenditures and revenues based on these growth projections. Based on the City’s growth plan and the St rategic Business Plan projections, the City will not reach its Gann expenditure limit in the foreseeable future.
Three-Year Gann Limit Historical Data
Adopted Budget
Taxes Subject to the GANN Limit
FY 2021-22
FY 2022-23
FY 2023-24
Street Lighting District Tax
$
3,634,007
$
3,706,687
$
4,051,942
Property Tax
83,502,059
87,051,124
93,711,819
Sales Tax
69,946,121
72,950,140
91,381,738
Document Transfer Tax
3,544,063
3,611,400
3,936,079
Transient Occupancy Tax
11,302,661
13,945,669
17,741,311
Utility Users Tax
4,793,165
4,857,889
6,254,905
Other Agencies: State Motor Vehicle in Lieu
223,832
229,006
323,207
System Development (SDC) Fees
7,322,968
7,030,317
7,063,623
$
184,268,876 $
193,382,232 $
224,464,624
Taxes Subject to GANN Limit
GANN Limit
421,132,416
466,488,377
484,961,317
$
236,863,540 $
273,106,145 $
260,496,693
Amount Under the GANN Limit
26
FY 2023-25 Adopted Budget
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