Title
Set June 6, 2012 at 9:00 A.M. or thereafter for a public hearing to consider adoption of the Fiscal Year 2012-13 Appropriation Limits pursuant to Article XIII B of the California Constitution.
Body
RECOMMENDATION:
It is recommended that the Board of Supervisors:
set June 6, 2012 at 9:00 A.M. or thereafter for a public hearing to consider adoption of the Fiscal Year 2012-13 Appropriation Limits pursuant to Article XIII B of the California Constitution.
SUMMARY:
The California Constitution requires the establishment of appropriation limits on an annual basis. The Auditor-Controller recommends that the Board of Supervisors receive the Fiscal Year (FY) 2012-13 Appropriations Limits pursuant to Article XIII B of the California Constitution as submitted. The Appropriation Limits are attached to this report. Documents and calculations supporting these limitations and the estimated proceeds of taxes on which they are based were developed by the Office of the Auditor-Controller and are available at that office for public review.
The Chief Administrative Office annually provides notice, as required by Government Code Section 7910, informing the Public of the scheduled date the GANN limits will be submitted for adoption. This year the Board of Supervisors will begin meetings on June 6, 2012 for the purpose of adopting the County Budget and will adopt these appropriation limits for the year ending June 30, 2013 during this process.
OTHER AGENCY INVOLVEMENT:
General Fund and Library fund are impacted by these limitations.
FINANCING:
The General and Library Funds' estimated proceeds of taxes, including interest earnings associated with the proceeds of taxes, for FY 2012-13 totals $155,938,867. This is $370,420,355 below the computed appropriation limit of $526,359,222. The estimated proceeds of taxes for the special districts listed on the attachment are also below the computed limits.
Prepared by: Judith Serrano, Accountant Auditor III, 755-5053
Approved by: Rupa Shah, Chief Deputy Auditor-Controller, 755-5099
Attachments:
County of Monterey Appropriation Limits for 2012-13
Notice to Taxpayers