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Meeting Date:
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Category:
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Type:
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Subject:
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10.15 Approval of Resolution #24-25:02 2024-2025 Appropriations Limit |
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Strategic Goals:
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3. Budget and Finance To be responsible stewards of public funds and maximize the
resources needed to meet our goals, fulfill our priorities, and live up to
our values.
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Enclosure:
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File Attachment:
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Rationale:
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The purpose of the Gann Limit (Proposition 4, 1979) was to limit the growth in government funding. This limit applies not only to the State of California, but also cities, counties, special districts, and school districts. The District is required to calculate its appropriation limit and funds subject to the limit for Fiscal Year 2023-2024, and estimate its appropriations limit for Fiscal Year 2024-2025. Each year, the District’s appropriations limit is increased for both inflation and population. Inflation for these purposes is currently the annual percentage change in California per capita personal income. For school districts, change in average daily attendance (ADA) is used as a measurement for the change in population.
The starting point for the District's 2023-2024 appropriations limit calculation is the District's 2022-2023 appropriations limit and then it is adjusted by the 2023-2024 inflation factor, and by the District’s percentage change in ADA to arrive at the 2023-2024 appropriations limit. A second calculation is made to determine that current year 2024-2025 revenues, that are subject to the limit, do not exceed the limit. Staff completed the calculations and found that the District does not exceed the limit for 2023-2024 appropriations and 2024-2025 appropriations projections. This appropriations limit resolution comes to the Board of Education annually. |
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Budgetary Impact:
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Recommendation
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It is recommended the Board of Education approve Resolution #24-25:02 2024-2025 Appropriations Limit. |
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Approvals:
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Recommended By: |
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Signed By: |
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Patricia Loera - Secretary to the Assistant Superintendent, Business Services |
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Signed By: |
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Latasha Jamal - Assistant Superintendent, Business Services |
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Signed By: |
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Arturo Ortega - Superintendent |
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Vote Results:
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| Original Motion | | Member Gabriela Arellanes Moved, Member Adrian Greer seconded to approve the Original motion 'It is recommended the Board of Education approve Resolution #24-25:02 2024-2025 Appropriations Limit.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Yolanda Rodriguez-Peña | Yes | | Adrian Greer | Yes | | Gabriela Arellanes | Yes | | Sabrina Bow, Ed.D. | Yes | | Sandra Benavides | Yes | |
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