HomeMy WebLinkAboutReso 121-00 FY00-01 Appro LimitRESOLUTION NO. 121 - 00
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN
ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2000-2001 OF $63,335,696
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 2000-2001 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 2000-2001 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 2000-2001 of $63,335,696.
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
~(ty~lZ~r~-- ' k~
G:\CC-MTGSk2000QTR2UUI~-21-00BkRESO-Appropriation
Limit. doc
Mayor
'--"0
CALCULATION OF FISCAL YEAR 2000-2001
APPROPRIATIONS LIMIT .
(Based On Revised Fiscal Year 2000-2001 Limit)
A. SELECTION OF OPTIONAL FACTORS
1.
Pooulation - City vs. County
01/01/1999
01/01/2000
(% Decrease)
% Increase
QE
~
City of Dublin
Alameda County
27,355
1,434,162
31,003
1,449,604
13.336%
1.077%
:E!e1>E!
o
\GitYidll~liilaaJlYl.atioJliGtO~~~4t_~~~.'f~
State Income vs. City Non-Residential Building
Change in State Per Capita Income = 4.910%
Change in Non-Residential Assessed Valuation = 4.925%*
*(Based on preliminary tax roll information available from the Alameda County Assessor
May 8,2000. The final tax roll figure may be different. )
!;lffi~,~~eJgCfe(i.a~~scm~g~~lm,~a~ld~nllmlljJ"I~lrngE.~~i~....1\.'I!!1l.[~
2.
~
8. CALCULATION OF GROWTH LIMIT ADJUSTMENT
The formula for calculating the adjustment is as follows:
Selected Factor 1 + 100
100
=
x
Selected Factor 2 + 100
100
=
Y
(X) x (Y) = Fiscal Year 2000-2001 Appropriations Limit Adjustment Factor
13.336+100
100
=
1.13336
4.925+100
100
1.04925
1.13336 x 1.04925 = 1.1892 = 2000-2001 Adjustment Factor
C. CALCULATION OF APPROPRIATIONS LIMIT
Fiscal Year 1999-2000 Revised Appropriations Limit =
Fiscal Year 2000-2001 Adjustment Factor
$ 53,259,078
x 1.1892
t '
-~-~''''''2n'0'O'l\.,o'o-^~-_...t._-'~-~'7''~t'-''''-'~6''71n35-r9'6-""~-~-,,,._~.=,-----~,--,w,.J:]!ii\,;m:L'W!'&
1I.~_ln~:cchkea17,0;.' "_~~_~",gJ,1~LQPJjliL!9n.~~f,:.!ml ..fljj.'" ....."r":""w..pllL~j!~^^.."Jy~~..'l!\I.j'Iil1%!%.1il~%jjWI.!fi!;~l)lli<~r,~;W1
G><~bU- A