Resolution setting state-required spending limit for the district

Official wording

Approve Resolution #26-27-02 GANN Limits Amendment for 25/26-26/27 Prepared by: Alexis Pursley, Director of Finance 5 min. report; 5 min. discussion Proposition 4, the “Gann Amendment” adopted in 1979, is intended to constrain the growth in state and local government spending by linking year-to-year changes in expenditures to changes in inflation (represented by per capita personal income) and population (represented by average daily attendance [ADA] for schools). All public agencies within the State of California are subject to this limitation. Education Code Section 42132 requires that the governing board of each school district adopt a resolution to identify the estimated appropriations limit for the current fiscal year, which is based on the current year budget, and the actual appropriations limit for the preceding fiscal year (based on prior year unaudited actuals). The calculations identify how much state aid counts toward the local agency’s Gann Limit, and then the state of California knows how much state aid counts toward its own Gann Limit. The computation of Appropriation Limit and Appropriations Subject to the Limit (Gann Limit Calculation) is attached and is prepared using software prescribed by the California Department of Education (SACS). Approve Resolution #26-27-02 GANN Limits for 25/26-26/27 Amendment

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