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HomeMy WebLinkAboutItem 7.2 Appropriations Limit (2) 330-�0 CITY OF DUBLIN AGENDA STATEMENT MEETING DATE : June 27 , 1983 SUBJECT 1983-84 Appropriations Limit EXHIBITS ATTACHE Resolution RECOMMENDATION Nie" : Adopt Resolution FINANCIAL STATEMENT: 1983-84 Appropriations Limit - $5 , 740 , 559 DESCRIPTION As a result of the passage of Proposition 4 by the voters of the State of California in 1979 , an appropriations limit has been imposed upon the City. Since Dublin incorporated subsequent to Proposition 4, the County Board of Supervisors established Dublin' s appropriation limit at $5 , 361 ,000 for Fiscal Year 1982-83. In order to determine the 1983-84 appropriations subject to limitation the 1982-83 appropriation limit is adjusted by (1) the increase in the Consumer Price Index (CPI ) or State Per Capita Personal Income , whichever is lower; and (2 ) the change in population as determined by the State Department of Finance . The 1983-84 Appropriations Limit. calculation is as follows : Change in Population from Incorporation to 1/1/83 + 4. 63% Change in State Per Capita Personal Income + 2 . 35% Growth Rate = 1 .0463 x 1 .0235 = 1 .0708 Growth Rate x 1982-83 Appropriations Limit = 1983-84 Appropriations Limit 1 .0708 x $5 ,361 ,000 = $5 , 740 , 559 As indicated above , the City ' s 1983-84 appropriation limit is $5 , 740,559 . This limit only restricts those appropriations which are funded by proceeds of taxes as defined by Proposition 4. For 1983-84 those recommended appropriations funded by proceeds of taxes and are subject to limitation total $3 ,959 ,133. The City is well below its appropriations limit . The City is required by law to adopt an appropriations limit in accordance with the procedure outlined above . RECOMMENDATION It is recommended that the City Council adopt the attached resolution establishing the City ' s appropriation limit at $5 , 740 , 559 for Fiscal Year 1983-84. --------------------------------------------------------------------------- COPIES TO: ITEM NO. J s�J RESOLUTION NO. - 83 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ---------------------------------------------- ADOPTING THE APPROPRIATION LIMIT FOR FISCAL YEAR 1983-84 WHEREAS , the voters of the State of California in November, 1979, approved the addition of Article XIII B to the California Constitution, popularly known as Proposition 4; and WHEREAS , Article XIII B of the California Constitution places certain restrictions on appropriations made by Cities in California beginning July 1 , 1980 ; and WHEREAS , on November 24, 1981 , the Alameda County Board of Supervisors adopted Resolution No. 192103 which established an appropriation limit of $5 , 361 ,000.00 effective February 1 , 1982 for the newly incorporated City of Dublin; and WHEREAS , restrictions on City appropriations are based upon those appropriations funded by non-proceeds of taxes and adjusted by changes in the -State per capita personal income and population between 1982 and 1983 . NOW, THEREFORE , BE IT RESOLVED that the City Council of the City of Dublin does hereby adopt the City ' s Appropriation Limit for Fiscal Year 1983-84 of $5 , 740. 559 . PASSED, APPROVED AND ADOPTED THIS day of 1983. AYES : NOES : ABSENT: Mayor ATTEST : City Clerk