HomeMy WebLinkAboutReso 48-18 Adopting an Appropriations Limit for Fiscal Year 2018-19 RESOLUTION NO. 48 — 18
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2018-19
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 non-residential
construction; and
WHEREAS, the calculation of the Appropriations Limit for Fiscal Year 2018-19 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 2018-19 City of Dublin Appropriations Limit as $341,825,370.
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 15th day of May 2018, by the following vote:
AYES: Councilmembers Goel, Gupta, Hernandez, Thalblum and Mayor Haubert
NOES:
ABSENT:
t
ABSTAIN: r
ATTEST: ` ayor
&44,4
City Clerk
Reso No. 48-18, Adopted 5/15/2018, Item No. 4.9 Page 1 of 1
EXHIBIT A
CALCULATION OF FISCAL YEAR 2018-19 APPROPRIATIONS LIMIT
(Based on Fiscal Year 2017-18 Limit)
A. Selection of Optional Factors
1. Change in Population — City vs. County.
Factors 1/1/2018 1/1/2017 % Change
a. City of Dublin 61,514 58,777 4.66%
b. County of Alameda 1,656,996 1,643,219 0.84%
The City selected Factor la. City of Dublin population growth 4.66%
2. Change in State per Capita Personal Income vs. City Non Residential Building
Construction.
Factors % Change
a. Change in State per Capita Personal Income 3.67%
b. Change in Non Residential Assessed Valuation 3.81%
The City selected Factor 2b. Change in Non Residential Assessed Valuation 3.81%
B. FY2018-19 Growth Adjustment Factor
Calculation of factor for FY2018-19 = X*Y = 1.0466*1.0381 = 1.0865
X = Selected Factor#1 + 100 = 4.66+100 = 1.0466
100 100
Y = Selected Factor#2 + 100 = 3.81+100 = 1.0381
100 100
C. Calculation of Appropriations Limit
Fiscal Year 2017-18 Appropriations Limit ' $314,611,477
Fiscal Year 2018-19 Adjustment Factor x 1.0865
Fiscal Year 2018-19 Appropriations Limit $341,825,370