HomeMy WebLinkAboutReso 100-06 Appropriations Limits FY 06-06
RESOLUTION NO. 100 - 06
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
* * * * * ~ . . * * * * * * * *
ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2006-2007 OF S139,079,S44
WHEREAS, State law requires that an Appropriations Limit be adopted by the City Council in
conjunction with the Annual Budget process; and
WHEREAS, Article XIII B of the California Constitution places certain restrictions on
appropriations made by cities; and
WHEREAS, the restrictions are applicable to appropriations, which are defined as "Proceeds of
Taxes"; and
WHEREAS, the law allows the option to select the factors to be used in the calculation ofthe
Appropriations Limit; and
WHEREAS, the City must select between the following factors: (A) the change in City population,
or (B) Countywide population, and either' (I) the change in the State per capita income, or, (2) the change
in the assessed valuation oflocal non-residential construction; and
WHEREAS, the 2006-2007 Appropriations Limit used the following discretionary factors: (1) the
change in the City population and (2) change in State per capita income; and
WHEREAS, the calculation of the Appropriations Limit for 2006-2007 is described in Exbibit A.
attached hereto and by reference made a part hereof.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does
hereby adopt the City of Dublin Appropriations Limit for Fiscal Year 2006-2007 of$139,079,544
BE IT FURTHER RESOLVED that the limit has been calculated in accordance with State Law
and is shown in Exhibit A. attached hereto.
PASSED, APPROVED AND ADOPTED this 13th day of June, 2006, by the following vote:
AYES
NOES
ABSENT
Councilmembers Hildenbrand, McCormick, Oravetz and Zika, and Mayor Lockhart
None
None
ABSTAIN None
i
JST
'U hJ\ · ~ ~
City Clerk~
-
Reso 100-00, Adopted 6/13/06, Item 8.1
Page 1 of I
CALCULATION OF FISCAL YEAR 2006-2007
APPROPRIATIONS LIMIT
(Based On Fiscal Year 2005-2006 Limit)
A. SELECTION OF OPTIONAL FACTORS
1 Population - City vs. County
01/01/2005
01/01/2006
(% Decrease)
% Increase
City of Dublin
37,852
1,503,926
39,610
1,506,532
4.640%
QB
Alameda County
o 173%
Selected Factor #1 " City of Dublin Population Growth 4.64%
2.
State Income vs. City Non-Residential Buildina
Change in State Per Capita Income
" 3.96%
QB
Change in Non-Residential Assessed Valuation " 1.51%"
"(Based on preliminary tax roll information available from the Alameda County Assessor
May, 2006. The final tax roll figure may be different. )
Selected Factor #2 " Change in State Per Capita Income 3.96%
B. CALCULATION OF GROWTH LIMIT ADJUSTMENT
The formula for calculating the adjustment is as follows:
Selected Factor 1 + 100
1UU
"
x
Selected Factor 2 + 100
1UO
(X) x (Y) " Fiscal Year 2006-2007 Appropriations Limit Adjustment Factor
"
Y
4.64+100
100
"
10464
3.96+100
10U
"
10396
1 0464 x 1 0396 " 1 0878 " 2006-2007 Adjustment Factor
C. CALCULATION OF APPROPRIATIONS LIMIT
Fiscal Year 2005"2006 Appropriations Limit"
Fiscal Year 2006-2007 Adjustment Factor
Fiscal Year 2006-2007 Appropriations Limit
$127,853,966
x 1.0878
$139,079,544
E)(h f\.