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HomeMy WebLinkAboutItem 4.9 - 3242 FY 20-21 GANN Limit (2) Page 1 of 2 STAFF REPORT CITY COUNCIL DATE: June 2, 2020 TO: Honorable Mayor and City Councilmembers FROM: Linda Smith, City Manager SUBJECT: Adoption of an Appropriations Limit for Fiscal Year 2020-21 Prepared by: Lisa Hisatomi, Director of Administrative Services EXECUTIVE SUMMARY: The City Council will consider adoption of the annual Appropriations Limit (Limit) in accordance with the State law. The City of Dublin’s Limit for Fiscal Year 2020-21 is $398,039,721, which exceeds the City’s related appropriations by $325,761,303. STAFF RECOMMENDATION: Adopt the Resolution Adopting an Appropriation Limit for Fiscal Year 2020-21 of $398,039,721. FINANCIAL IMPACT: None. DESCRIPTION: Each year the City Council is required by State law to adopt an Appropriations Limit (Limit), also known as the Gann Limit or Proposition 4 Limit, in conjunction with the annual Budget process. The Limit is calculated by multiplying the adopted Limit for the prior year by factors reflecting economic changes over the prior year. The laws regulating the application of the Limit forbid an agency from appropriating specific funds that would exceed the Limit. The restriction applies to appropriating monies categorized as “Proceeds of Taxes.” The Limit carries forward each year and is subject to an adjustment in accordance with a specified formula that includes the following factors (the City has the discretion to choose one factor from each category below): Page 2 of 2 1. Change in City population; or 2. Change in population for the entire County; and 3. Change in State Per Capita income; or 4. Change in non-residential assessed valuation. 2020-21 Proposed Appropriations Limit Staff has prepared the calculations necessary to adopt the Limit for Fiscal Year 2020-21 in accordance with State law and with the Uniform Guidelines of the League of California Cities. The discretionary factors selected in calculating the 2020-21 Limit are: (1) Change in the City population; and (2) Change in non-residential assessed valuation. The new Fiscal Year 2020-21 Appropriations Limit as calculated and attached to the proposed Resolution is $398,039,721, based upon an increased adjustment factor of 1.0686 applying to the 2020-21 Limit. The Proposed Fiscal Year 2020-21 Budget includes appropriations subject to the Limit totaling $72,278,418 that would be categorized as “Proceeds of Taxes”. Therefore, the appropriations subject to the Appropriations Limit are below the allowed amount by $325,761,303. STRATEGIC PLAN INITIATIVE: None. NOTICING REQUIREMENTS/PUBLIC OUTREACH: On May 18, 2020 a Public Notice was posted stating that the factors used in calculating the Appropriations Limit were available for public review; the notice was also displayed on the City website; and the information was also contained in the Proposed Budget for Fiscal Year 2020-21 and 2021-22. ATTACHMENTS: 1. Fiscal Year 2020-21 Appropriations Limit 2. Resolution Adopting an Appropriations Limit for Fiscal Year 2020-21 ATTACHMENT 1 Fiscal Year 2020-21 Appropriations Limit (Based on Fiscal Year 2019-20 Limit Adopted by City Council Resolution No. 48-19) The Gann Limit, or Proposition 4 Limit, was a 1979 amendment to the California constitution sponsored by political activist Paul Gann in 1979 on the heels of his property tax -reducing Proposition 13 initiative passed the prior year. The Gann Limit was desi gned to regulate state and local spending by linking the rate of appropriation growth to a statewide index. In accordance with Chapter 1025 of the statutes of 1987, as amended, each government entity is required to include the Appropriations Limit in the annual budget. The City of Dublin has calculated a FY 2020-21 limit in accordance with Article XIII B of the California Constitution and the recognized methodology for calculating adjustments. The details of this calculation are shown on the following page. The Appropriations Limit does not apply to all funds appropriated by the City Council. State law limits only the appropriations that are funded by “proceeds of taxes,” which are narrowly defined. The law also establishes a formula to be used to calcu late annual adjustments to the limit using a combination of two factors selected by the agency. The first factor is based on changes in population. Agencies may either select the change in the city population or the change in county population. For FY 2020-21 the City of Dublin population growth of 2.82% was larger than the Alameda County population growth of 0.37% (based on the Price and Population Information provided by the California Department of Finance). Therefore, the adjustment calculation uses the City of Dublin population growth. The second factor allows the City to use either 1) the increase in the State Per Capita Personal Income, or 2) the change in local assessed valuation based on changes in the “Non-residential New Construction.” The change in the Per Capita Personal Income as provided by the Department of Finance is 3.73%. The change in the assessed valuation compares the total change in assessed valuation to the amount related strictly to non-residential improvements, in April 2020, the Alameda County Assessor provided data related to FY 20 19-20 changes in assessed valuation attributable to Non-residential New Construction. The amount of the increase was $66,211,400, or 3.93%. Therefore, the City of Dublin elected to use the change in non-residential assessed valuation. The two factors discussed above are combined to arrive at a growth rate for appropriations, which is then applied to the prior year to arrive at a limit for the new budget year. The City of Dublin’s FY 2020-21 Appropriations Limit is $398,039,721, as shown on the following page, while the FY 2020- 21 Budget contains appropriations of $72,278,418 that would be categorized as funded by proceeds of taxes. Therefore, the City’s appropriations subject to the Gann Limit are $325,761,303 below the allowed amount calculated for FY 20 20-21. ATTACHMENT 1 CALCULATION OF FISCAL YEAR 2020-21 APPROPRIATIONS LIMIT (Based on Fiscal Year 2019-20 Limit) A. Selection of Optional Factors 1. Change in Population – City vs. County. Factors 1/1/2020 1/1/2019 % Increase a. City of Dublin 64,172 62,409 2.82% b. County of Alameda 1,667,800 1,661,577 0.37% The City selected Factor 1a. City of Dublin population growth 2.82% 2. Change in State per Capita Personal Income vs. City Non -residential Building Construction. Factors % Change a. Change in State per Capita Personal Income 3.73% b. Change in Non Residential Assessed Valuation 3.93% The City selected Factor 2b. Change in Non-residential Assessed Valuation 3.93% B. FY2020-21 Growth Adjustment Factor Calculation of factor for FY2020-21 = X*Y = 1.0282*1.0393 = 1.0686 X = Selected Factor #1 + 100 = 2.82+100 = 1.0282 100 100 Y = Selected Factor #2 + 100 = 3.93+100 = 1.0393 100 100 C. Calculation of Appropriations Limit FY 2019-20 Appropriations Limit $372,487,106 FY 2020-21 Adjustment Factor x 1.0686 FY 2020-21 Appropriations Limit $398,039,721 ATTACHMENT 2 RESOLUTION NO. xx-20 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN *************************** ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2020-21 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 2020-21 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 2020-21 City of Dublin Appropriations Limit as $398,039,721. 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 2nd day of June 2020. AYES: NOES: ABSENT: ________________________________ ATTEST: Mayor _____________________________ City Clerk EXHIBIT A CALCULATION OF FISCAL YEAR 2020-21 APPROPRIATIONS LIMIT (Based on Fiscal Year 2019-20 Limit) A. Selection of Optional Factors 1. Change in Population – City vs. County. Factors 1/1/2020 1/1/2019 % Change a. City of Dublin 64,172 62,409 2.82% b. County of Alameda 1,667,800 1,661,577 0.37% The City selected Factor 1a. City of Dublin population growth 2.82% 2. Change in State per Capita Personal Income vs. City Non-residential Building Construction. Factors % Change a. Change in State per Capita Personal Income 3.73% b. Change in Non Residential Assessed Valuation 3.93% The City selected Factor 2b. Change in Non-residential Assessed Valuation 3.93% B. FY2020-21 Growth Adjustment Factor Calculation of factor for FY2020-21 = X*Y = 1.0282*1.0393 = 1.0686 X = Selected Factor #1 + 100 = 2.82+100 = 1.0282 100 100 Y = Selected Factor #2 + 100 = 3.93+100 = 1.0393 100 100 C. Calculation of Appropriations Limit Fiscal Year 2019-20 Appropriations Limit $372,487,106 Fiscal Year 2020-21 Adjustment Factor x ___ 1.0686 Fiscal Year 2020-21 Appropriations Limit $398,039,721