HomeMy WebLinkAboutReso 46-20 Adopting an Appropriations Limit for Fiscal Year 2020-21RESOLUTION NO. 46 - 20
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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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, whi ch 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, by the following vote:
AYES: Councilmembers Goel, Hernandez, Josey, Kumagai and Mayor Haubert
NOES:
ABSENT:
ABSTAIN:
DocuSign Envelope ID: 7F6C76B6-5ABE-4D56-B943-43857E88D256
Reso No. 46-20, Item 4.9, Adopted 06/02/20 Page 2 of 3
______________________________
Mayor
ATTEST:
____________________________
City Clerk
DocuSign Envelope ID: 7F6C76B6-5ABE-4D56-B943-43857E88D256
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