CITY COUNCIL WORKSHOP AGENDA PACKET

Financial Management for Elected Officials January 2013 Institute for Local Government www.ca-ilg.org 30 15 See Cal. Const. art. XIIIB (added by Proposition 4 on the 1979 ballot and sometimes referred to as the “Gann Limit” after the ballot measure’s leading proponent). See also Cal. Gov’t Code § 7900 and following. 16 Cal. Const. art. XIIIB, § 4. 17 See GFOA Recommended Best Practice: Managing the Salary and Wage Budgeting Process (2010), www.gfoa.org/downloads/GFOA_ManagingtheSalaryandWageBudgetingProcessBP.pdf. 18 See, e.g., League of California Cities City Manager Compensation Guidelines, available at www.cacities.org/UploadedFiles/LeagueInternet/91/911307cc-e899-43cb-ba97-7d28bf20640c.pdf 19 GFOA Recommended Best Practice: Using Websites to Improve Access to Budget Documents and Financial Reports (2003), www.gfoa.org/downloads/caafr-budgets-to-websites.pdf . See also www.gfoa.org/downloads/websitepresentation.pdf. 20 See Single Audit Act Amendments of 1996, OMB Circular A-133, the OMB Circular Compliance Supplement and Government Auditing Standards, www.whitehouse.gov/omb/financial_fin_single_audit. 21 GFOA Recommendation: Audit Committees (2008), www.gfoa.org/downloads/caafrAudit_Committee_revised.pdf. 22 Available at www.gfoa.org/downloads/GENERALPURPOSECHECKLIST.pdf. 23 See Cal. Gov’t Code § 53607. 24 See Cal. Gov’t Code § 53646(a). 25 See Cal. Gov’t Code §§ 53607, 53646(b). 26 See Cal. Gov’t Code § 53630 and following. 27 GFOA Recommendation: Understanding Your Continuing Disclosure Obligations for Debt (2010), www.gfoa.org/downloads/GFOA_understandingcontinuingdisclosureBP.pdf. 28 Cal. Const. art. XVI, § 18(a) (“No county, city, town, township, board of education, or school district, shall incur any indebtedness or liability in any manner or for any purpose exceeding in any year the income and revenue provided for such year, without the assent of two-thirds of the voters of the public entity voting at an election to be held for that purpose, except that with respect to any such public entity which is authorized to incur indebtedness for public school purposes, any proposition for the incurrence of indebtedness in the form of general obligation bonds for the purpose of repairing, reconstructing or replacing public school buildings determined, in the manner prescribed by law, to be structurally unsafe for school use, shall be adopted upon the approval of a majority of the voters of the public entity voting on the proposition at such election; nor unless before or at the time of incurring such indebtedness provision shall be made for the collection of an annual tax sufficient to pay the interest on such indebtedness as it falls due, and to provide for a sinking fund for the payment of the principal thereof, on or before maturity, which shall not exceed forty years from the time of contracting the indebtedness.”) Note that subdivision (b) goes on to provide for additional details relating to school debt. 29 See Rider v. City of San Diego, 18 Cal.4th 1035, 1045 (1998). 30 See, for example, California Housing Finance Agency v. Elliott, 17 Cal. 3d 575, 587 (1976). Page 80 of 109