HomeMy WebLinkAboutReso 117-99 Appropriation LimitRESOLUTION NO. 117 - 99
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN
ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 1999-2000 OF $54,252,572
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
WItEREAS, the 1999-2000 Appropriations Limit used the following discretionary factors: (1) the
Growth in the City Population and (2) the change in the assessed valuation of local non-residential
construction; and
WHEREAS, the calculation of the Appropriations Limit for 1999-2000 is described in Exhibit A,
attached hereto and by reference made a part hereof.
NOW, TI~F~REFORE, BE IT RESOLVED that the City Council of the City of Dublin does
hereby adopt the City of Dublin Appropriations Limit for Fiscal Year 1999-2000 of $54,252,572.
BE IT FURTItER 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 24th day of June, 1999.
AYES:
NOES:-
ABSENT: None
ABSTAIN: None
(C~[ Clerk
K2/G/6-2 4/9 9 b/r e so-approp li mi t. do c
Councilmembers Howard, McCormick, Zika, Vice Mayor Lockhart and Mayor
Houston
None
CALCULATION OF FISCAL YEAR 1999-2000
APPROPRIATIONS LIMIT
(Based On Adopted Fiscal Year 1998-99 Limit)
SELECTION OF OPTIONAL FACTORS
1. Population - City vs. County
OR
City of Dublin
Alameda County
(% Decrease)
1/1/98 1/1/99 % Increase
26,560 27,264 2.651%
1,401,227 1,428,995 1.981 %
OR.
State Income vs. City Non-Residential Building
Change in State Per Capita Income
= 4.530%
Change in Non-Residential Assessed Valuation = 8.525%*
Based onpreliminary tax roll information available from the Alameda County Assessor
arch 15,1999. The final tax roll figure may be different. )
Be
CALCULATION OF GROWTH LIMIT ADJUSTMENT
The formula for calculating the adjustment is as follows:
Selected Factor 1 + 100 =
100
Selected Factor 2 + 100 = Y
100
(×) x (Y) = Fiscal Year 1999-2000 Appropriations Limit Adjustment Factor
2.651+100 = 1.02651
100
8.525+100 = '1.08525
100
1.02651 x 1.08525 = 1.1140 = 1999-2000 Adjustment Factor
C. CALCULATION OF APPROPRIATIONS LIMIT
Fiscal Year 1998-1999 Adopted Appropriations Limit =
Fiscal Year 1999-2000 Adjustment Factor
Fiscal Year 1999-2000 Appropriations Limit
H/budget/Appropriation Limit/Budget pg 2000.doc
$ 48,700,693
x 1.1140
$ 54,252,572