HomeMy WebLinkAboutReso 053-94 AppropriLim94-5RESOLUTION NO 53 - 94
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN
ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 1994/95 OF $20,855,341
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 Alameda County Assessor does not have complete data available for
1994/95 related to non-residential assessed valuation; and
WHEREAS, in the event that the final change in non-residential assessed
valuation is larger than the selected factor, the City Council may be requested to
adopt a revised calculation at a future meeting; and
WHEREAS, the 1994-95 Appropriations Limit used: (1) the Growth in the City
Population and (2) the Change in the State per capita income; and
WHEREAS, the calculation of the Appropriations Limit for 1994/95 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 1994-95 of
$20,855,341.
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 21st day of June, 1994.
AYES: Councilmembers Burton, Houston, Howard, Moffatt and Mayor Snyder
NOES: None
ABSENT: None
ATTES ·
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a: 9495Appr. agenda#15
CALCULATION OF FISCAL YEAR 1994-95 APPROPRIATIONS LIMIT
Ae
SELECTION OF OPTIONAL FACTORS
PoDulation - CltV vs. County
II.
City of Dublin
Alameda County
1/1/93 1/1/94
24,658 24,947
1,321,342 1,334,127
Selected Factor = City Population Growth + 1.17%
State Income vs. City Non-Residential Building
% Decrease
% Increase
1.17%
.97%
Change in State Per Capita Income = 0.71%
Change in Non-Residential AsseSsed Valuation = *
· (Complete information not available from Alameda County)
Selected Factor = State Per Capita Income = 0.71%
CALCULATION OF GROWTH LIMIT ADJUSTMENT
The formula for calculating the adjustment is as follows:
Selected Factor I + 100 = X
100
Selected Factor II + 100 = Y
100
(X) x (Y) = Fiscal Year 1994-95 Appropriations Limit Adjustment Factor
1.17 + 100 = 1.01170
100
0.71 + 100 = 1.00710
100
1.01170 x 1.00710 = 1.01888 = Fiscal Year 1994-95 Adjustment Factor
Ce
CALCULATION OF APPROPRIATIONS LIMIT
Fiscal Year 1993-94 Adjusted Appropriations Limit = $ 20,468,888
Fiscal Year 1994-95 Adjustment Factor x 1.01888
Fiscal Year 1994-95 Limit $ 20,855,341
EXHIBIT A