HomeMy WebLinkAboutReso 111-07 Appropriations Limit 07-08
RESOLUTION NO. 111 - 07
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
************
ADOPTING AN APPROPRIATIONS LIMIT FOR
FISCAL YEAR 2007-2008 OF $151,457,623
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 of the
Appropriations Limit; and
WHEREAS, the City must select between the following factors: (A) the change in City
population, or (B) Countywide population, and either: (1) the change in the State per capita income, or, (2)
the change in the assessed valuation of local non-residential construction; and
WHEREAS, the 2007-2008 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 2007-2008 is described in
Attachment 2, attached hereto and by reference made a part hereof.
NOW, THEREFORE, BE IT RESOLVED that the City Council ofthe City of Dublin does
hereby adopt the City of Dublin Appropriations Limit for Fiscal Year 2007-2008 of$151,457,623.
BE IT FURTHER RESOLVED that the limit has been calculated in accordance with State Law
and is shown in Attachment 2, attached hereto.
PASSED, APPROVED AND ADOPTED this 28th day of June, 2007, by the following vote:
AYES:
NOES:
ABSENT:
Councilmembers Hildenbrand, Oravetz, Sbranti and Scholz, and Mayor Lockhart
None
None
ABSTAIN: None
;y~~
Mayor
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CALCULATION OF FISCAL YEAR 2007-2008 APPROPRIATIONS LIMIT
(Based on Fiscal Year 2006-2007 Limit)
A. SELECTION OF OPTIONAL FACTORS
1. Population - City vs. County
a. Change in Population, City of Dublin
01/01/2006 01/01/2007 % Increase
39,610 41,308 4.290%
OR
b. Change in Population, Alameda County 1,507,608
=> Selected Factor #1 = City of Dublin Population Growth 4.29%
1,523,746 1.070%
2. State Income VS. City Non-Residential Buildinq
a. Change in State Per Capita Income: 4.42%
OR
b. Chan~e in Non-Residential Assessed Valuation: 2.39%** .
* (Based on preliminary tax roll information available from the Alameda County
Assessor May, 2007. The final tax roll figure may be different. )
=> Selected Factor #2 = Change in State Per Capita Income 4.42%
B. CALCULATION OF GROWTH LIMIT ADJUSTMENT
The formula for calculating the adjustment is as follows:
Selected Factor 1 + 100 = X
100
Selected Factor 2 + 100 = Y
100
(X) * (Y) = Fiscal Year 2007-2008 Appropriations Limit Adjustment Factor
4.29+100 = 1.0429
100
4.42+100 = 1.0442
100
Adjustment Factor FY 2007-2008:1.0429 x 1.0442 = 1.089
C. CALCULATION OF APPROPRIATIONS LIMIT
Fiscal Year 2006-2007 Appropriations Limit
Fiscal Year 2007-2008 Adjustment Factor
Fiscal Year .2007-2008 Appropriations Limit
$139,079,544
x 1.0890
$151,457,623
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