HomeMy WebLinkAboutReso 086-97 ApproprLimit FY97-8RESOLUTION NO. 86 - 97
A RESOLUTION OF
TltE CITY COUNCIL OF TItE CITY OF DUBLIN
ADOPTING AN APPROPRIATIONS LIMIT
FOR FISCAL YEAR 1997/98 OF $41,167,504
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
WgI~REAS, the restrictions are applicable to appropriations, which'are defined as "Proceeds of
Taxes"; and
WItEREAS, the law allows the option to select the factors to be used in the calctllation of the
Appropriations Limit; and
WHEREAS, the City must select between the following factors: (A) the change in City population,
or, 03) 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 1997-98 Appropriations Limit used the following discretionary factors: (1) the
Growth in the City Population and (2) the Change in State Per Capita Income; and
WItE~S, the calculation of the Appropriations Limit for 1997/98 is described in Exhibit A,
attached hereto and by reference made a part hereof.
NOW, TItEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does
hereby adopt the City of Dublin Appropriations Limit for Fiscal Year 1997-98 of $41,167,504.
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 25th day of June, 1997.
AYES:
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
Councilrnembers Barnes, Burton, Howard, Lockhart and Mayor Houston
H:budgetL97-98bud~apprlimiLRESO.DOC
K2/G/6-25-97/resoappr. doc
CALCULATION OF FISCAL YEAR 1997-98
APPROPRIATIONS LIMIT
SELECTION OF OPTIONAL FACTORS
1. Population - City vs. Count_v (% Decrease)
1/1/96 1/1/97 % Increase
City of Dublin 24,983 25,445 1.849%
OR
Alameda County 1,342,598 1,365,938 1.738%
Selected Factor #1 = City of Dublin Population Growth 1.849 %
OR
State Income vs. City Non-Residential Buildino
Change in State Per Capita Income = 4.67%
Change in Non-Residential Assesed Valuation = Information Not Available*
*(Complete tax roll information is not available from the Alameda County Assessor. )
Selected Factor #2 = Change in State Per capita Income = 4.67 %
CALCULATION OF GROW'FH 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 1996-97 Appropriations Limit Adjustment Factor
1.849+100 = 1.01 849
100
4.67+100 = -1.04670
100
1 o01849 x 1.04670 = 1.0661 = 1997/98 Adjustment Factor
C. CALCULATION OF APPROPRIATIONS LIMIT
Fiscal Year 1996-97 Adopted Appropriations Limit = $ 38,615,049
Fiscal Year 1997-98 Adjustment Factor x 1.0661
Resolution Adopting Fiscal Year 1997-98
Appropriations Limit- Exhibit A