HomeMy WebLinkAboutItem 4.3 Appropriation Limit 1986-87 (2) + CITY OF DUBLIN ��� v
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: June 26, 1986
SUBJECT 1986-87 Appropriations Limit
EXHIBITS ATTACHED Resolution
RECOMMENDATIO Adopt Resolution
FINANCIAL STATEMENT: 1986-87 Appropriations Limit - $7, 672, 746
DESCRIPTION In June 1985, the City Council adopted Resolution No.
59-85 establishing the City ' s Appropriation Limit for Fiscal Year 1985-86 at
$6 , 490, 776 .
For Fiscal Year 1986-87 , the City is required to adopt an Appropriations
Limit which adjusts the 1985-86 Appropriations Limit by the change in the
U. S . Consumer Price Index (CPI ) and the change in the City' s population as
determined by the State Department of Finance .
The 1986-87 Appropriations Limit is calculated as follows :
Change in Population
Population (1/1/85 ) 15, 399
Population (1/1/86 ) 17 , 793
Increase 2 ,394
% Increase 15 . 550
Change in U.S . CPI 2 . 30
Appropriations Limit Growth Rate
1 . 1555 x 1 . 023 = 1 . 1821
Growth Rate x 1985-86 Appropriations Limit = 1986-87 Appropriations Limit
1 . 1821 x $6, 490, 776 = $7, 672, 746
As indicated above, the City' s 1986-87 Appropriations Limit is $7 , 672, 746 .
This limit only restricts those appropriations which are funded by Proceeds
of Taxes as defined by Proposition 4 . For 1986-87, those recommended
appropriations funded by Proceeds of Taxes which are subject to limitation
total $6, 782, 995 .
Recommendation
Since the City is required by law to adopt an Appropriations Limit
calculated in accordance with the procedure outlined above, it is
recommended that the City Council adopt the attached resolution establishing
the City ' s Appropriations Limit for Fiscal Year 1986-87 .
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RESOLUTION NO. - 86
A RESOLUTION OF THE CITY. COUNCIL
OF THE CITY OF DUBLIN
ADOPTING THE APPROPRIATIONS LIMIT
FOR FISCAL YEAR 1986-87
WHEREAS, the voters of the Statl of California, in
November, 1979 , approved the addition of Article XIIIB to the
California Constitution, popularly known .as Proposition 4 ; and =.
WHEREAS, Article XIIIB 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 . 092103 which established an
appropriations limit of $5, 361 , 000 effective February 1, 1982 for
the newly incorporated City of Dublin; and
WHEREAS, restrictions on City appropriations are based
upon those appropriations funded by Proceeds of Taxes and adjusted .
by changes in the State Per Capita Personal Income or CPI and
population on an annual basis .
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Dublin does hereby adopt the City ' s Appropriations
Limit for Fiscal Year 1986-87 of $7, 672 , 746 which has been
calculated in accordance with state law.
PASSED, APPROVED AND ADOPTED this 26th day of June,
1986 .
AYES :
NOES :
ABSENT:
Mayor
ATTEST:
City Clerk