HomeMy WebLinkAboutReso 120-00 RevApproLimit 99-00RESOLUTION NO. 120 - 00
A RESOLUTION OF THE CITY COUNCIL OF THE cITY OF DUBLIN
ADOPTING A REVISED APPROPRIATIONS LIMIT
FOR FISCAL YEAR 1999-2000 OF $53,259,078
WHEREAS, State law requires that an Appropriations Limit ("Limit") be adopted by the City
Council in conjunction with the Annual Budget process; and
WHEREAS, the City Council previously adopted resolution 117-99 establishing an.
Appropriations Lihiit f0~' Fiscal Year 1998-99; and
WHEREAS, at the time the "Limit" was adopted final information related to the population for
the City of Dublin and the amount of "Non-Residential Assessed Valuation", both which are used in the
calculation of the limit, was unknown; and
WHEREAS, Revised population estimates and assessed valuations are now available; 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 revised 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 revised Appropriations Limit for 1999-2000 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 Revised Appropriations Limit for Fiscal Year 1999-2000 of $53,259,078.
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 21 st day of June, 2000.
AYES: Councilmembers Howard, Lockhart, McCormick, Zika, & Mayor Houston
NOES: None
ABSENT: None
ABSTAIN: None
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REVISED CALCULATION OF FISCAL YEAR 1999-2000
APPROPRIATIONS LIMIT
(Based On Adopted Fiscal Year 1998-99 Limit)
A. SELECTION OF OPTIONAL FACTORS
1. Population - Cityvs. County
(% Decrease)
1/1/98 1/1/99 % Increase
City of Dublin 26,560 27,355 2.993%
OR
Alameda County 1 ,401 ,227 1,434,162 2.350%
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2. State Income vs. City Non-Residential Building
Change in State Per Capita Income
Change in Non-Residential Assessed Valuation
= 4.530%
= 6.179%
OR
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B. CALCULATION OF GROWTH LIMIT ADJUSTMENT
The formulator calculating the adjustment is as follows:
Selected Factor 1 + 100
100
=
x
. Selected Factor 2 + 1 00
100
=
Y
(X) x (Y) = Fiscal Year 1999-2000 Appropriations Limit Adjustment Factor
2.993+100
100
=
1.02993 (Originally was 1.02651)
6.179+100
100
=
1.06179 (Originally was 1.08525)
1.02993 x 1.06179 = 1.0936 = 1999-2000 Adjustment Factor (Originally was 1.1140)
C. CALCULATION OF APPROPRIATIONS LIMIT
Fiscal Year 1998-1999 Adopted Appropriations Limit =
Fiscal Year 1999-2000 Adjustment Factor
$ 48,700,693
x 1.0936
() ,00
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