HomeMy WebLinkAboutReso 104-01 ApproLimitFY2001-2 RESOLUTION NO. 104 - 01
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN
ADOPTING AN APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2001-2002 OF $74,768,994
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 2001-2002 Appropriations Limit used the following discretionary factors: (1) the
Growth in the County Population and (2) the change in the assessed valuation of local non-residential
construction; and
WHEREAS, the calculation of the Appropriations Limit for 2001-2002 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 City of Dublin Appropriations Limit for Fiscal Year 2001-2002 of $74,768,994.
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 21st day of June, 2001.
AYES:
NOES: None
ABSENT: None
ABSTAIN: None
Councilmembers Lockhart, McCormick, Oravetz, Zika andMayor Houston
~ Mayo~~r
CALCULATION OF FISCAL YEAR 2001-2002
APPROPRIATIONS LIMIT
A. SELECTION OF oPTIONAL FACTORS
Population - City vs. County
01/01/2000 01/01/2001
(% Decrease)
% Increase
City of Dublin 27,230 30,428 11.744%
OR
Alameda County 1,450,637 1,474,143 1.620%
2. State Income vs. City Non-Residential Buildinq
OR
Change in State Per Capita Income
Change in Non-Residential Assessed Valuation ·
= 7.820%
= 10.242%*
Based on preliminary tax roll information available from the Alameda County Assessor
ay 8,2001. The final tax roll figure may be different. )
CALCULATION OF GROWTH LIMIT ADJUSTMENT
The formula for calculating the adjustment is as follows:
Selected Factor 1 + 100 =
100
Selected Factor 2 + 100 = Y
100
(X) x (Y) = Fiscal Year 2001-2002 Appropriations Limit Adjustment Factor
11.744+100 = 1.11744
100
10.242+100 = 1.10242
100
1.11744 x 1.10242 = 1.2319 = 2001-2002 Adjustment Factor
C. CALCULATION OF APPROPRIATIONS LIMIT
Fiscal Year 2000-2001 Appropriations Limit = $ 60,694,045
Fiscal Year 2001-2002 Adjustment Factor x 1.2319