HomeMy WebLinkAboutReso 62-14 Appropriations Limit FY 14-15 RESOLUTION NO. 62-14
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2014-15 OF $247,143,137
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 meet the definition of a
"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, for one of the adjustment factors the City must select between: (A) the change in
City population, or (B) Countywide population, and the City has selected the Change in City
population; and
WHEREAS, for the second adjustment factor the City must select between: (1) the change in
the State per capita income, or, (2) the change in the assessed valuation of local non-residential
construction, and the City has selected the change in the assessed valuation of local non-residential
construction; and
WHEREAS, the calculation of the Appropriations Limit for Fiscal Year 2014-15 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 Fiscal Year 2014-15 City of Dublin Appropriations Limit as $247,143,137.
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 20th day of May, 2014, by the following vote:
AYES: Councilmembers Biddle, Gupta, Hart, Haubert, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None
Aej-
Mayor
ATTEST.
"g41 '
City Clerk
Reso No.62-14,Adopted 5-20-14, Item 4.4 Page 1 of 1
EXHIBIT A
CALCULATION OF FISCAL YEAR 2014-15 APPROPRIATIONS LIMIT
(Based on Fiscal Year 2013-2014 Limit)
A. Selection of Optional Factors
1. Change in Population — City vs. County.
Factors 1/1/2014 1/1/2013 % Increase
a. City of Dublin 51,646 48,049 7.49%
b. County of Alameda 1,570,128 1,546,928 1.50%
The City selected Factor 1a. City of Dublin population growth 7.49%
2. Change in State per Capita Personal Income vs. City Non Residential Building
Construction.
Factors % Change
a. Change in State per Capita Personal Income -0.23%
b. Change in Non Residential Assessed Valuation 1.67%
The City selected Factor 2b. Change in Non Residential Assessed Valuation 1.67%
B. FY2014-2015 Growth Adiustment Factor
Calculation of factor for FY2014-15 = X*Y = 1.0749*1.0167 = 1.0929
X = Selected Factor#1 + 100 = 7.49+100 = 1.0749
100 100
Y = Selected Factor#2 + 100 = 1.67+100 = 1.0167
100 100
C. Calculation of Appropriations Limit
Fiscal Year 2013-14 Appropriations Limit $226,135,179
Fiscal Year 2014-15 Adjustment Factor x 1.0929
Fiscal Year 2014-15 Appropriations Limit $247,143,137
EXHIBIT A
CALCULATION OF FISCAL YEAR 2014-15 APPROPRIATIONS LIMIT
(Based on Fiscal Year 2013-2014 Limit)
A. Selection of Optional Factors
1. Change in Population — City vs. County.
Factors 1/1/2014 1/1/2013 % Increase
a. City of Dublin 51,646 48,049 7.49%
b. County of Alameda 1,570,128 1,546,928 1.50%
The City selected Factor 1a. City of Dublin population growth 7.49%
2. Change in State per Capita Personal Income vs. City Non Residential Building
Construction.
Factors % Change
a. Change in State per Capita Personal Income -0.23%
b. Change in Non Residential Assessed Valuation 1.67%
The City selected Factor 2b. Change in Non Residential Assessed Valuation 1.67%
B. FY2014-2015 Growth Adjustment Factor
Calculation of factor for FY2014-15 = X*Y = 1.0749*1.0167 = 1.0929
X = Selected Factor#1 + 100 = 7.49+100 = 1.0749
100 100
Y = Selected Factor#2 + 100 = 1.67+100 = 1.0167
100 100
C. Calculation of Appropriations Limit
Fiscal Year 2013-14 Appropriations Limit $226,135,179
Fiscal Year 2014-15 Adjustment Factor x 1.0929
Fiscal Year 2014-15 Appropriations Limit $247,143,137