Title
Auditor-Controller recommending the Board receive and file the following pertaining to the Gann Spending Limit:
(1) Report of "Comparison of Actual Tax Proceeds to Adopted Appropriations Limit" for prior fiscal periods;
(2) Schedule of Proposition 4 Compliance for Fiscal Year 2005-2006 Actual Revenues;
(3) Schedule of Proposition 4 Compliance for Fiscal Year 2006-2007 Adopted Revenues; and
(4) Set a public hearing for June 12, 2007 at 9:00 a.m. for discussion and adoption of the Appropriations Limit for Fiscal Year 2007-2008.
RECOMMENDED ACTION: Approve.
Body
BUDGET SUMMARY:
Total Estimated Cost $
Funding
Budgeted $
New Funding $
Savings $
Other $
Total Funding Available $
Change To Net County Cost $
Fiscal Impact/Change to Net County Cost:
There is no fiscal impact.
Background:
Government Code Section 7910 requires that the governing body of each local jurisdiction establish its appropriation limit by resolution for the following fiscal year at a regular or special meeting. The law provides that your Board should hold a hearing for the purpose of receiving testimony and other evidence regarding the appropriation limit , and that the data used in developing the proposed limit be available for more than fifteen (15) days prior to the hearing. The data used in developing the growth over the prior limit is now available and the proposed limit for the 2007-2008 fiscal year has been computed.
Attachment I presents a comparison of the "adopted limits" and actual "tax proceeds" for prior fiscal periods, an estimate of the current period, and the proposed limit for next fiscal year. Attachment II presents a schedule detailing the Proposition 4 compliance for Fiscal Year 2005-2006 actual revenues. Attachment III presents a schedule detailing the Proposition 4 compliance for Fiscal Year 2006-2007 adopted revenues.
Reason for Recommendation:
In accordance with the provisions of t...
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