HomeMy WebLinkAboutReso 103-01 ApproLimitFY2000-1RESOLUTION NO. 103 - 01
A RESOLUTION OF THE CITY COUNCIL OF TIlE CITY OF DUBLIN
ADOPTING A REVISED APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2000-2001 OF $60,694,045
WHEREAS, State law requires that an Appropriations Limit ("Limit") be adopted by the City
Council in conjunction with the Annual Budget process; and
WHEREAS, the City Council previously adopted Resolution No. 121-00 establishing an
Appropriations Limit for Fiscal Year 2000-2001; and
WHEREAS, at the time the "Limit" was adopted final information related to the population for the
City of Dublin and the amount of "Non-Residential Assessed Valuation", both of which are used in the
calculation of the limit, was unknown; and
WHEREAS, Revised population estimates and assessed valuations are now available; 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 revised 2000-2001 Appropriations Limit used the following discretionary factors:
(1) the Growth in the Countywide Population and (2) the change in the assessed valuation of local non-
residential construction; and
WHEREAS, the calculation of the revised Appropriations Limit for 2000-2001 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 Revised Appropriations Limit for Fiscal Year 2000-2001 of $60,694,045.
BE IT FURTItER 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: Counciimembers Lockhart, McCormick, Oravetz, Zika and Mayor Houston
NOES: None
ABSENT: None
ABSTAIN: None
"I~CI~/
K:/G/6-21-01/reso-revised-limit.doc (Item 8.1)
ATTACHMENT 1
REVISED CALCULATION OF FISCAL YEAR 2000-2001
APPROPRIATIONS LIMIT
(Based On Adopted Fiscal Year 1999-2000 Limit)
A. SELECTION OF OPTIONAL FACTORS
Population - City vs. County
(% Decrease)
1/1/99 1/1/00 % Increase
OR
City of Dublin
Alameda County
27,355 27,230 (0.457%)
1,434,162 1,450,637 1.149%
OR
State Income vs. City Non-Residential Building
Change in State Per Capita Income
Change in Non-Residential Assessed Valuation
= 4.910%
= 12.663%
CALCULATION OF GROWTH LIMIT ADJUSTMENT
The formula for calculating the adjustment is as follows:
Selected Factor 1 + 100 = X
100
Selected Factor 2 + 100 = Y
100
(X) x (Y) = Fiscal Year 2000-2001 Appropriations Limit Adjustment Factor
1.149+100
100
! .01149 (Originally was 1.13336)
12.663+100
100
1.12663 (Originally was 1.04925)
1.01149 x 1.12663 = 1..1396 = 2000-2001 Adjustment Factor (Originally was 1.1892)
C. CALCULATION OF APPROPRIATIONS LIMIT
Fiscal Year 1999-2000 Adopted Appropriations Limit = $ 53,259,078
Fiscal Year 2000-2001 Adjustment Factor x 1.1396
ATTACHMENT 2