HomeMy WebLinkAboutReso 075-93 ApproLim FY 93-94RESOLUTION NO. 75 - 93
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ADOPTING THE BUDGET APPROPRIATIONS LIMIT
FOR FISCAL YEAR 1993-94
WHEREAS, the voters of the State of California, in November,
1979, approved the addition of Article XIII B to the California
Constitution, popularly known as Proposition 4; and
WHEREAS, Article XIII B of the California Constitution places
certain restrictions on appropriations made by cities in California
beginning June 1, 1980; and
WHEREAS, restrictions on City appropriations are based upon
those appropriations funded by Proceeds of Taxes and adjusted by
changes in the City's population plus the change in non-residential
construction relative to total local assessed valuation increases.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City
of Dublin does hereby adopt the City's Appropriations Limit for Fiscal
Year 1993-94 of $20,975,686, which has been calculated in accordance
with State Law and is shown in Exhibit A attached hereto and by
reference made a part hereof.
PASSED, APPROVED AND ADOPTED this 1st day of June, 1993.
AYES:
Snyder
NOES: None
ABSENT: None
Councilmembers Burton, Houston, Howard, Moffatt and Mayor
a: resoSapp. agenda#11
EXHIBIT A
1993-94
CITY OF DUBLIN
BUDGET APPROPRIATIONS LIMIT
In accordance with Chapter 1025 of the Statutes of 1987, each government entity is
required to include the appropriations limit in its annual budget. This limit is commonly
referred to as the Gann Limit or Proposition 4 limit. The limit is calculated in a manner
consistent with Article XIII B of the California Constitution.
Chanqe in DoDulation (as reported by the State Department of Finance):
Change in population:
DUBLIN
Estimated Population (1/1/92)
Estimated Population (1/1/93)
24,140
24,704
Increase in Population
% change in Population
+564
+2.34% (used in calculation)
ALAMEDA COUNTY
Estimated Population (1/1/92)
Estimated Population (1/1/93)
1,304,267
1,324,430
Increase in Population
% change in Population
+20,163
+1.55% (not used)
Chanqe in State Per Capita Income:
+2.72% (not used)
Chanqe in non-residential valuation
+6.1053% (used in calculation)
The Appropriations Limit Growth Rate Formula:
1.0234 x 1.061053 = 1.08588
The City's Appropriations Limit base for 1993-94 is calculated by multiplying the 1992-93
revised Appropriations Limit of $19,316,762 by the Appropriations Limit Growth Rate.
The new Appropriations Limit for the next fiscal year amounts to $20,975,686.
The law provides that the Appropriations Limit only restricts those appropriations that
are funded by "Proceeds of Taxes." Proceeds of Taxes is narrowly defined by the State Law
and was recently altered by California judicial proceedings. The 1993-94 Preliminary
Budget recommends appropriations to be funded by Proceeds of Taxes, which are subject to
the limit, equal to $11,158,022.