HomeMy WebLinkAboutReso 121-04 AppropLmt04-05
RESOLUTION NO. 121 ~ 04
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
*.**.*.**
ADOPTING AN APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2004-2005 OF $116,167,430
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 are defined as "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, the City must select between the following factors: (A) the change in City
population, or (B) Countywide population, and either: (1) the change in the State per capita income, or, (2)
the change in the assessed valuation of local non~residential construction; and
WHEREAS, the 2004-2005 Appropriations Limit used the following discretionary factors: (1) the
change in the City Population and (2) change in State per capita income; and
WHEREAS, the calculation of the Appropriations Limit for 2004-2005 is described in
Attachment 2, 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 City of Dublin Appropriations Limit for Fiscal Year 2004-2005 of$116,167,430.
BE IT FURTHER RESOLVED that the limit has been calculated in accordance with State Law
and is shown in Attachment 2, attached hereto.
PASSED, APPROVED AND ADOPTED this 28th day of June, 2004.
AYES: Councilmembers McCormick, Oravetz, Sbranti and Zika and Mayor Lockhart
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
CALCULATION OF FISCAL YEAR 2004-2005
APPROPRIATIONS LIMIT
(Based On Revised Fiscal Year 2003-2004 Limit)
A. SELECTION OF OPTIONAL FACTORS
1. Population - City vs. County
(% Decrease)
01/01/2003 01/01/2004 % Increase
City of Dublin 33,910 36,198* 6.747%
OR
Alameda County 1,483,809 1,494,493 0.720%
Selected Factor #1 = City of Dublin Population Growth 6.747%
2.
State Income vs. City Non-Residential BuildinQ
Change in State Per Capita Income = 3.28%
Change in Non-Residential Assessed Valuation = 2.269%**
**(Based on preliminary tax roll information available from the Alameda County Assessor
June 1, 2004. The final tax roll figure may be different. )
Selected Factor #2 = Change in State Per Capita Income 3.28%
OR
B. CALCULATION OF GROWTH LIMIT ADJUSTMENT
The formula for calculating the adjustment is as follows:
Selected Factor 1 + 100
100
Selected Factor 2 + 100
100
=
x
=
Y
(X) x (Y) = Fiscal Year 2004-2005 Appropriations Limit Adjustment Factor
6.747+100
100
=
1.06747
3.28+100
100
=
1.0328
1.06747 x 1.0328 = 1.1025 = 2004-2005 Adjustment Factor
C. CALCULATION OF APPROPRIATIONS LIMIT
Fiscal Year 2003-2004 Revised Appropriations Limit =
Fiscal Year 2004-2005 Adjustment Factor
$105,367,283
x 1.1 025
Fiscal Year 2004-2005 Appropriations Limit $116,167,430
* Excludes residents on federal militarY installations and state and federal correctional
institutions. If these are included, DulJlin's population is 38,330 as of January 1, 2004
ATTACHMENT 2