title
AUDITOR-CONTROLLER - Auditor-Controller Krista Peterson
end
Requested Action(s)
recommendation
a) RESOLUTION - Request adoption of the resolution establishing the Tehama County Appropriation Limit for 2025-26 using the following adjustment factors provided by Department of Finance: a) the percentage of change in per Capita Personal Income (CPI) over prior year (6.44%), and b) the percentage change (-.41) in population for unincorporated Tehama County
b) Request certification of the 2024-25 appropriations subject to the limit
body
Financial Impact:
The appropriation limit calculations determine the taxing capacity of the County. If the limit is reached, or exceeded, there would be a financial impact. The limit has not been reached.
Background Information:
Certification is required by the Board of Supervisors under the provisions of Proposition 4-1979. The appropriation limit places an ‘upper bound’ each year on the amount of monies that can be spent from tax proceeds. The limit grows annually by a population and cost of living factor.
The Auditor calculates annually, based on the Adopted Budget, the current year limit, and certifies, based on prior year revenues, that the limit was not exceeded in the preceding year.