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HomeMy WebLinkAbout4.3 Adoption of an Appropriations Limit for Fiscal Year 2021-22 (2)STAFF REPORT CITY COUNCIL Page 1 of 2 Agenda Item 4.3 DATE:June 1,2021 TO:Honorable Mayor and City Councilmembers FROM:Linda Smith, City Manager SUBJECT:Adoption of an Appropriations Limit for Fiscal Year 2021-22 Prepared by: Lisa Hisatomi, Director of Administrative Services EXECUTIVE SUMMARY: The City Council will consider adoption of the annual Appropriations Limit in accordance with State law. The City of Dublin’s Limit for Fiscal Year 2021-22 is $419,772,690, which exceeds the City’s related appropriations by $341,054,617. STAFF RECOMMENDATION: Adopt the Resolution Adopting an Appropriation Limit for Fiscal Year 2021-22 of $419,772,690. FINANCIAL IMPACT: None. DESCRIPTION: Each year the City Council is required by State law to adopt an Appropriations 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): Change in City population; or Change in population for the entire County; 33 Page 2 of 2 and Change in State per capita income; or Change in non-residential assessed valuation. FY 2021-22 Proposed Appropriations Limit Staff has prepared the calculations necessary to adopt the Limit for Fiscal Year 2021-22 in accordance with State law and with the Uniform Guidelines of the League of California Cities. The discretionary factors selected in calculating the 2021-22 Limit are: (1) the change in the City population; and (2) Change in State per capita income. The new Fiscal Year 2021-22 Appropriations Limit as calculated and attached to the proposed Resolution is $419,772,690, based upon an increased adjustment factor of 1.0546 applied to the 2020-21 Limit. The Proposed Fiscal Year 2021-22 Budget includes appropriations subject to the Limit totaling $78,718,073 that would be categorized as “Proceeds of Taxes”. Therefore, the appropriations subject to the Appropriations Limitare belowthe allowed amount by $341,054,617. STRATEGIC PLAN INITIATIVE: None. NOTICING REQUIREMENTS/PUBLIC OUTREACH: A Public Notice was posted on May 17, 2021 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 2021-22. The City Council Agenda was posted. ATTACHMENTS: 1) Resolution Adopting an Appropriations Limit for Fiscal Year 2021-22 2) Exhibit A to the Resolution – Calculation of Fiscal Year 2021-22 Appropriations Limit 34 Attachment 1 RESOLUTION NO. xx-21 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2021-22 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 State per capita income; and WHEREAS, the calculation of the Appropriations Limit for Fiscal Year 2021-22 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 2021-22 City of Dublin Appropriations Limit as $419,772,690. 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 1st day of June 2021, by the following vote: AYES: NOES: ABSENT: ________________________________ ATTEST: Mayor _____________________________ City Clerk 35 Attachment 2 EXHIBIT A CALCULATION OF FISCAL YEAR 2021-22 APPROPRIATIONS LIMIT (Based on Fiscal Year 2020-21 Limit) A. Selection of Optional Factors 1. Change in population – City vs. County. Factors 1/1/2021 1/1/2020 % Increase a. City of Dublin 63,837 64,003 -0.26% b. County of Alameda 1,654,975 1,661,183 -0.37% The City selected Factor 1a. City of Dublin population change -0.26% 2. Change in State per capita personal income vs. City non-residential building construction. Factors % Change a. Change in State per capita personal income 5.73% b. Change in non-residential assessed valuation 0.0% The City selected Factor 2a. Change in State per capita personal income 5.73%. B. Fiscal Year 2021-22 Growth Adjustment Factor Calculation of factor for Fiscal Year 2021-22 = X*Y = 0.9974*1.0573 = 1.0546 X = Selected Factor #1 + 100 = -0.26+100 = 0.9974 100 100 Y = Selected Factor #2 + 100 = 5.73+100 = 1.0573 100 100 C. Calculation of Appropriations Limit Fiscal Year 2020-21 Appropriations Limit $398,039,721 Fiscal Year 2021-22 Adjustment Factor x 1.0546 Fiscal Year 2021-22 Appropriations Limit $419,772,690 36