HomeMy WebLinkAboutReso 54-17 Adopting an Appropriations Limit for FY 2017-18 RESOLUTION NO. 54 - 17
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2017-18 OF $314,611,477
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 State per capita income; and
WHEREAS, the calculation of the Appropriations Limit for Fiscal Year 2017-18 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 2017-18 City of Dublin Appropriations Limit as $314,611,477.
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 16th day of May 2017, by the following vote:
AYES: Councilmembers Biddle, Goel, Gupta, Hernandez and Mayor Haubert
NOES:
ABSENT:
ABSTAIN:
OZvIr'91
ayor
ATTEST:
City Clerk
Reso No. 54-17, Adopted 5/16/2017, Item No. 4.5 Page 1 of 1
EXHIBIT A
CALCULATION OF FISCAL YEAR 2017-18 APPROPRIATIONS LIMIT
(Based on Fiscal Year 2016-17 Limit)
A. Selection of Optional Factors
1. Change in Population — City vs. County.
Factors 1/1/2017 1/1/2016 % Change
a. City of Dublin 57,976 55,684 4.12%
b. County of Alameda 1,642,173 1,626,047 0.99%
The City selected Factor 1a. City of Dublin population growth 4.12%
2. Change in State per Capita Personal Income vs. City Non Residential Building
Construction.
Factors % Change
a. Change in State per Capita Personal Income 3.69%
b. Change in Non Residential Assessed Valuation 0.26%
The City selected Factor 2a. Change in State per Capita Personal Income 3.69%
B. FY2017-18 Growth Adjustment Factor
Calculation of factor for FY2017-18 = X*Y = 1.0412*1.0369 = 1.0796
X = Selected Factor#1 + 100 = 4.12+100 = 1.0412
100 100
Y = Selected Factor#2 + 100 = 3.69+100 = 1.0369
100 100
C. Calculation of Appropriations Limit
Fiscal Year 2016-17 Appropriations Limit $291,414,855
Fiscal Year 2017-18 Adjustment Factor x 1.0796
Fiscal Year 2017-18 Appropriations Limit $314,611,477
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