HomeMy WebLinkAboutReso 48-19 Adopting an Appropriations Limit for Fiscal Year 2019-20 RESOLUTION NO. 48 — 19
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2019-20
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 2019-20 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 2019-20 City of Dublin Appropriations Limit as $372,487,106.
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 21st day of May 2019, by the following vote:
AYES: Councilmembers Goel, Hernandez, Josey, Kumagai, and Mayor Haubert
NOES:
ABSENT:
ABSTAIN:f q
ayor
ATTEST: C.4.0
City Clerk 00
Reso 48-19, Adopted 5/21/2019, Item 4.9 Page 1 of 2
EXHIBIT A
CALCULATION OF FISCAL YEAR 2019-20 APPROPRIATIONS LIMIT
(Based on Fiscal Year 2018-19 Limit)
A. Selection of Optional Factors
1. Change in Population — City vs. County.
Factors 1/1/2019 1/1/2018 % Change
a. City of Dublin 62,854 60,147 4.50%
b. County of Alameda 1,666,095 1,653,678 0.75%
The City selected Factor 1 a. City of Dublin population growth 4.50%
2. Change in State per Capita Personal Income vs. City Non-residential Building
Construction.
Factors % Change
a. Change in State per Capita Personal Income 3.85%
b. Change in Non Residential Assessed Valuation 4.28%
The City selected Factor 2b. Change in Non-residential Assessed Valuation 4.28%
B. FY2019-20 Growth Adjustment Factor
Calculation of factor for FY2019-20 = X*Y = 1.0450*1.0428 = 1.0897
X = Selected Factor#1 + 100 = 4.50+100 = 1.0450
100 100
Y = Selected Factor#2 + 100 = 4.28+100 = 1.0428
100 100
C. Calculation of Appropriations Limit
Fiscal Year 2018-19 Appropriations Limit $341,825,370
Fiscal Year 2019-20 Adjustment Factor x 1.0897
Fiscal Year 2019-20 Appropriations Limit $372,487,106
Reso 48-19, Adopted 5/21/2019, Item 4.9 Page 2 of 2