Adoption of the Annual Appropriation Ordinance and Annual Funding Sources Resolution for the Fiscal Year 2025-2026 Budget, and Resolution Establishing the Fiscal Year 2025-2026 Appropriation Limit. - TO BE HEARD IMMEDIATELY BEFORE CONSENT
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The document outlines a memorandum regarding the adoption of the 2025-2026 Operating and Capital Budgets by the City Council. It includes recommendations for adopting the Annual Appropriation Ordinance and the Annual Funding Sources Resolution, both of which are based on the proposed budget and amendments approved by the City Council. The memorandum is dated June 13, 2025, and is addressed to the Mayor and City Council from Jim Shannon, the Budget Director.
Key points
The City Council is scheduled to adopt the 2025-2026 Operating and Capital Budgets on June 17, 2025.
Recommendations include adopting the Annual Appropriation Ordinance and the Annual Funding Sources Resolution.
The document includes revised Source and Use Statements for various funds.
Limitations
The document appears to be a draft as indicated by the presence of placeholders and incomplete sections.
Specific details such as dollar amounts and certain fund names are truncated or missing.
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Extracted text preview · 126,446 chars
COUNCIL AGENDA: FILE NO: ITEM: MANAGER’S BUDGET ADDENDUM: TO: HONORABLE MAYOR AND CITY COUNCIL 6/17/25 25-714 3.4(a)(b) #34 FROM: Jim Shannon SUBJECT: ADOPTION OF THE 2025-2026 OPERATING AND CAPITAL BUDGETS DATE: June 13, 2025 Approved Date: 6/13/25 RECOMMENDATION It is recommended that the City Council: (a) Adopt the Annual Appropriation Ordinance, including transfers and loans for Fiscal Year 2025-2026 and the Manager’s Final Budget Addendum; and (b) Adopt the Annual Funding Sources Resolution for Fiscal Year 2025-2026 and the Manager’s Final Budget Addendum. BACKGROUND On June 17, 2025, the City Council is scheduled to adopt an Annual Appropriation Ordinance and Annual Funding Sources Resolution establishing the 2025-2026 Operating and 2025-2027 Biennial Capital Budgets. The Ordinance and Resolution have been prepared based on the amounts included in the 2025-2026 Proposed Budget, except where amended by the City Council’s approval of the Mayor's June Budget Message for Fiscal Year 2025-2026 and the 2025-2026 Operating and 20252027 Biennial Capital Budgets and Schedule of Fees and Charges on June 10, 2025. To document changes to the Proposed Budget that have been incorporated...
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The source text indicates this attachment appears to be a draft document.
This memorandum discusses the adoption of a resolution to establish the Fiscal Year 2025-2026 Appropriation Limit for the City of San José, in compliance with Article XIIIB of the California Constitution. It recommends electing the California per capita income index as the inflation factor and the County of Santa Clara population growth index as the population factor. The proposed appropriation limit is set at $1,614,156,578.
Key points
The memorandum is addressed to the Mayor and City Council.
It recommends adopting a resolution for the 2025-2026 Appropriation Limit.
The inflation factor proposed is the California per capita income index.
The population factor proposed is the County of Santa Clara population growth index.
The proposed appropriation limit is $1,614,156,578.
The memorandum outlines compliance with Article XIIIB of the California Constitution.
It notes that appropriations subject to the limit total $1,271,994,958, which is below the proposed limit.
Limitations
The document includes placeholders for dates and names that are not filled in.
The text appears to be a draft as indicated by the presence of 'Approved' and 'Date:' fields without complete information.
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Extracted text preview · 8,990 chars
COUNCIL AGENDA: FILE: ITEM: TO: HONORABLE MAYOR AND CITY COUNCIL SUBJECT: See Below Approved 6/17/2025 25-714 3.4(c) FROM: Jim Shannon DATE: June 5, 2025 Date: 6/6/2025 SUBJECT: Adoption of a Resolution in Compliance with Article XIIIB of the Constitution of the State of California and as Modified by Proposition 111 and Senate Bill 88 Electing the Population and Inflation Factors and Establishing the Fiscal Year 2025-2026 Appropriation Limit RECOMMENDATION Adopt a resolution taking the following actions with respect to the City's 2025-2026 “Gann Limit”: 1. Elect the California per capita income index as the inflation factor for 2025-2026 on a provisional basis, with the option to adjust the Limit, if necessary, once the non-residential assessment data is available from the County Assessor; 2. Elect the County of Santa Clara population growth index as the population factor for 2025-2026; and 3. Establish the Fiscal Year 2025-2026 Appropriation Limit at $1,614,156,578 in compliance with Article XIIIB of the State of California Constitution. SUMMARY AND OUTCOME The establishment of the 2025-2026 Appropriation Limit (Gann Limit) is necessary to comply with Article XIIIB of the State...
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The source text indicates this attachment appears to be a draft document.
This document is a draft resolution from the City Council of San Jose regarding the election of population and inflation adjustment factors and the establishment of the appropriations limit for the fiscal year 2025-2026. It outlines the responsibilities of the City Council under California law and specifies the adjustment factors to be used for calculating the appropriations limit. The resolution also notes that the City Council reserves the right to reelect the adjustment factors once additional data becomes available.
Key points
The resolution pertains to the appropriations limit for the fiscal year 2025-2026.
The City Council is required to elect population and inflation adjustment factors.
The inflation adjustment factor chosen is the California Per Capita Income.
The population adjustment factor is based on the County of Santa Clara population growth.
The appropriations limit is determined to be $1,614,156,578.
The City Council reserves the right to reelect adjustment factors based on future data.
Limitations
The document appears to be a draft.
The date of adoption is not filled in.
The vote results (AYES, NOES, ABSENT, DISQUALIFIED) are not filled in.
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Extracted text preview · 3,091 chars
NVF:KMM:CLS 5/21/2025 RESOLUTION NO. ______________ A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN JOSE ELECTING THE POPULATION AND INFLATION ADJUSTMENT FACTORS AND ESTABLISHING THE 2025-2026 APPROPRIATIONS LIMIT OF THE CITY OF SAN JOSE PURSUANT TO CALIFORNIA CONSTITUTION ARTICLE XIIIB, AND SECTION 7900 ET SEQ. OF THE CALIFORNIA GOVERNMENT CODE WHEREAS, pursuant to Article XIIIB of the California Constitution, and Section 7900 et seq. of the California Government Code, the City of San José is responsible for determination of the appropriation limit for the 2025-2026 fiscal year; and WHEREAS, pursuant to amendments to Article XIIIB enacted in 1990, the City Council is required to elect the population and inflation adjustment factors used to calculate the appropriations limit; and WHEREAS, the percentage change in the local assessment roll due to the addition of local nonresidential construction will not be available from the County Assessor's Office until after July 1, 2025; and WHEREAS, the City Council has considered the matter at a regularly scheduled Council meeting; and WHEREAS, for fifteen (15) days prior to said regular meeting, documentation used in the determination of...