HomeMy WebLinkAbout6.3 1987-88 Appropriation Limit 336-2-0
CITY OF DUBLIN
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: June 23, 1987
SUBJECT 1987-88 Appropriations Limit
EXHIBITS ATTACHED Resolution
RECO14MENDATION PT:I�Adopt Resolution
FINANC-IAL STATEMENT: 1987-88 Appropriations Limit -. $9, 670, 616
DESCRIPTION In June 1986, the City Council adopted Resolution No.
86-86 establishing the City' s Appropriation Limit for Fiscal Year 1986-87 at
$7, 672, 746.
For Fiscal Year 1987-88, the City is required to adopt an Appropriations
Limit which adjusts the 1986-87 Appropriations Limit by the change in the
U. S. Consumer Price Index (CPI ) and the change in the City' s population as
determined by the State Department of Finance .
The 1987-88 Appropriations Limit is calculated in a consistent manner as
required by Article XIIIB of the California Constitution, using the
following factors :
Change in Population
Estimated Population (1/1/86) 16, 982
Estimated Population (1/1/87) 20, 773
Increase 3, 791
% Increase 22. 320
Change in U.S. CPI + 3 . 040
Change in Per Capita Income + 3 . 470
Appropriations Limit Growth Rate
1 . 2232 x 1 . 0304 = 1 . 2603852
Growth Rate x 1986-87 Appropriations Limit = 1987-88 Appropriations Limit
1. 2603852 x $7, 672, 746 = $9, 670, 616
As indicated above, the City' s 1987-88 Appropriations Limit is $9, 669, 961 .
This limit only restricts those appropriations which are funded by Proceeds
of Taxes as defined by Proposition 4 . For 1987-88, those recommended
appropriations funded by Proceeds of Taxes which are su!Qject to limitation
total $7, 806, 431.
Recommendation
Since the City is required by law to adopt an Appropriations Limit
calculated in accordance with the procedure outlined above, it is
recommended that the City Council adopt the attached resolution establishing
the City' s Appropriations Limit for Fiscal Year 1987-88.
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COPIES TO:
ITEM NO. �+
r- RESOLUTION NO. - 87
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ADOPTING THE APPROPRIATIONS LIMIT
FOR FISCAL YEAR 1987-88
WHEREAS, the voters of the State of California, in
November, 1979, approved the addition of Article XIIIB to the
C-alifornia Constitution, popularly known as Proposition 4 ; and
WHEREAS, Article XIIIB of the California Constitution
places certain restrictions on appropriations made by cities in
California beginning July 1, 1980; and
TNHEREAS, on November 24, 1981, the Alameda County Board
of Supervisors adopted Resolution No. 092103 which established an
appropriations limit of $5, 361, 000 effective February 1, 1982 for
the newly incorporated City of Dublin; 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 lesser of the change
in the State Per Capita Personal Income or CPI .
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 1987-88 of $9, 670, 616 which has been
calculated in accordance with state law.
PASSED, APPROVED AND ADOPTED this 23rd day of June,
1987 .
AYES :
NOES :
ABSENT:
Mayor
ATTEST:
City Clerk