| Item Title: | Approval of Resolution No. 2017-2018.12 Adoption of 2017-2018 Gann Limit (5 Mins/Action) | | Item Type: | Action | | Background: | In 1979, voters approved Proposition 4, establishing a maximum appropriations limit for the state and every local government jurisdiction. The state appropriations limit is often referred to as the Gann Limit, after Paul Gann, the author of the measure placing the limit in state constitution. In 1990, it was amended by Proposition 111.
The Gann Limit must be recalculated on an annual basis to determine that district expenditures do not exceed the limitations imposed by Proposition 4.
| | Goals: | Routine Matter | | Fund: | | | Fund Codes: | | Fiscal Analysis
Amount (Savings) (Cost): |
N/A | | Department Budget: | N/A | | Recommendation: | Approve as submitted. | | | | AUSD Guiding Principle: | #5 - Accountability, transparency, and trust are necessary at all levels of the organization.| #6 - Allocation of funds must support our vision, mission, and guiding principles. | | Submitted By: | Shariq Khan, Chief Business Officer |
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