HomeMy WebLinkAboutReso 86-10 Appropriations FY 10-11RESOLUTION NO. 86-10
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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ADOPTING AN APPROPRIATIONS LIMIT FOR
FISCAL YEAR 2010-2011 OF $180,508,969
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 2010-2011 Appropriations Limit used the following discretionary factors: (1)
the change in the City population and (2) change in State Per Capita Personal Income; and
WHEREAS, the calculation of the Appropriations Limit for 2010-2011 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 2010-2011 of $180,508,969.
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 22nd day of June, 2010 by the following vote:
AYES: Councilmembers Biddle, Hart, Hildenbrand, Scholz, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None
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AT ST:
~ City Clerk
Reso No. 86-10, Adopted 6-22-10, Item III
Mayor
EXHIBIT A
Calculation of Fiscal Year 2010 - 2011 Appropriations Limit
(Based on Fiscal Year 2009 - 2010 Limit)
A. Selection of Optional Factors
1. Chanae in Ponulati~n - Citv v~ (;niintv
Factors 1/1 /2009 1/1 /2010 % I ncrease
a. City of Dublin 47,953 48,821 1.810%
b. Count of Alameda 1,557,749 1,574,857 1.098%
The City selected Factor 1a. City of Dublin population growth 1.810%
2. Change in State per Capita Personal Income vs. City Non Residential Building
Construction_
Factors % Chan e
a. Change in State per Capita Personal Income -2.54%
b. Chan e in Non Residential Assessed Valuation* -94%
The City selected Factor 2a. Change in State per Capita Personal Income -2.54%
*Based on Preliminary tax roll information available from the Alameda County Assessor as of May 4, 2010.
The final tax roll figure may be different.
B. FY2010-2011 Growth Adiustment Factor
The formula for calculating the adjustment is as follows:
Selected Factor 1+ 100 = X
Selected Factor 2+ 100 = Y
(X) *(Y) = Fiscal Year 2010 -2011 Appropriations Limit Adjustment Factor
Calculation of factor for FY2010-2011 = X* Y= 1.0181 *0.9746=0.9922
X= Selected Factor #1 + 100 = 1.810+100 = 1.0181
100 100
Y= Selected Factor #2 + 100 =-2.54+100 = 0.9746
100 100
Adjustment Factor for Fiscal Year 2010-2011 : 1.0181 x 0.9746 =.09922
C. Calculation of Appropriations Limit
Fiscal Year 2009-2010 Appropriations Limit $181,928,007
Fiscal Year 2010-2011 Adjustment Factor x 0.9922
Fiscal Year 2010-2011 Appropriations Limit $180,508,969
Exhibit A