HomeMy WebLinkAboutReso 096-98 ApproLimit FY 98-99RESOLUTION NO. 96 - 98
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN
ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 1998/99 OF $48,700,693
WHERE'_S, 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 1998-99 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 1998/99 is described in Exhibit 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 1998-99 of $48,700,693.
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 29th day of June, 1998.
AYES:
Councilmembers Barnes, Burton, Lockhart and Mayor Houston
NOES: None
ABSENT: Councilmember Howard
ABSTAIN: None
ATTEST:
If/G/6-29-98/resoapp2. doc
Mayor
Ao
CALCULATION OF FISCAL YEAR 1998-99
APPROPRIATIONS LIMIT
(Based On Adoption Of A Revision To The Adopted Fiscal Year 1997-98 Limit)
SELECTION OF OPTIONAL FACTORS
1. Population - City vs. County
OR
City of Dublin
Alameda County
(% Decrease)
111197 1/1/98 % Increase
25,544 26,560 3.977%
· 1,371,793 1,401,227 2.146%
OR
State Income vs. City Non-Residential Building
Change in State Per Capita Income = 4.150%
Change in Non-Residential Assessed Valuation = 8.736%*
Based on preliminary tax roll information available from the Alameda County Assessor
ay 15,1998. The final tax roll figure may be different. )
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) x (Y) = Fiscal Year 1998-99 Appropriations Limit Adjustment Factor
3.977+100 = 1.03977
100
8.736+100 = 1.08736
100
1.03977 x 1.08736 = 1.1306 = 1998~99 Adjustment Factor
C. CALCULATION OF APPROPRIATIONS LIMIT
REVISED Fiscal Year 1997-98 Adopted Appropriations Limit = $ 43,075,087
Fiscal Year 1998-99 Adjustment Factor x 1.1306 ./~
..... ' ":. "' Fiscal Year'.1998-99 APpt'oPriationS Limit" $ 48,700,693-: ~:'-.' 7":'"'"- ........ 7:: ........ ~-"¥'-~;i*~'-':: .............. '~m~'
H:budget\word~apprlimiLRF, SO.DOC