HomeMy WebLinkAboutReso 98-05 RvsdAppropLimit04-05
RESOLUTION NO. 98 - 05
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN
***************************
ADOPTING A REVISED APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2004-2005 OF $116,083,136
WHEREAS, State law requires that an Appropriations Limit ("Limit") be adopted by the City
Council in conjunction with the Annual Budget process; and
WHEREAS, the City Council previously adopted resolution 121-04 establishing an Appropriations
Limit for Fiscal Year 2004-2005; and
WHEREAS, at the time the "Limit" was adopted final infonnation related to the population for the
City of Dublin and the amount of "Non-Residential Assessed Valuation", both of which are used in the
calculation of the limit, was unknown; and
WHEREAS, Revised population estimates and assessed valuations are now available; and
WHEREAS, the law allows the option to select the factors to be used in the calculation ofthe
Appropriations Limit; and
WHEREAS, the City must select between the following factors: (A) the change in City population,
or, (B) Countywide population, and either: (1) the change in the State per capita income, or (2) the change
in the assessed valuation ofJocal non-residential construction; and
WHEREAS, the revised 2004-2005 Appropriations Limit used the following discretionary factors:
(1) the change in the City population and (2) change in the State per capita income; and the calculation of
the revised Appropriations Limit for 2004-2005 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 City of Dublin Revised Appropriations Limit for Fiscal Year 2004-2005 of $116,083, 136,
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 20th day of June, 2005.
AYES:
NOES:
ABSENT:
ABSTAIN:
Coundlmembers Hîldenbrand, McCormick, Oravetz and Zika, and Mayor Lockhart
None
None
None
;rST:
1~~
Deputy City Clerk
-
O:\CC-MfOS\2001"< h2lJun\06-20-01 Dud"",,,,,,,, 98-01 r<';"' .pprop,doc (I!em 8,1)
REVISED CALCULATION OF FISCAL YEAR 2004-2005
APPROPRIATIONS LIMIT
(Based On Adopted Fiscal Year 2003-2004 limit)
A. SELECTION OF OPTIONAL FACTORS
1. Population City vs. County
(% Decrease)
01/01/2003 01/01/2004 % Increase
City of Dublin 33,910 36,174 6.676%
QB
Alameda County 1,483,809 1,493,441 0.649%
Selected Factor #1 " City of DUblin Population Growth 6,676%
2. State Income vs. Citv Non-Residential Buildinq
Change in State Per Capita Income
Change in Non-Residential Assessed Valuation
" 3.28%
" 2.681%
QB
Selected Factor #2" Change in State Per Capita Income 3.28%
B. CALCULATION OF GROWTH LIMIT ADJUSTMENT
The formula for calculating the adjustment is as follows:
Selected Factor 1 + 100
1UO
Selected Factor 2 + 100
100
(X) x (Y) " Fiscal Year 2004-2005 Appropriations Limit Adjustment Factor
"
X
=
Y
6.676+100
100
"
1.06676 (Originally was 1.06747)
3.28+100
100
"
1.0328 (Originally was 1,0328)
1.06676 x 1.0328 " 1.1017" 2004-2005 Adjustment Factor (Originally was 1.1025)
C. CALCULATION OF APPROPRIATIONS LIMIT
Fiscal Year 2003-2004 Appropriations Limit =
Fiscal Year 2004-2005 Adjustment Factor
Fiscal Year 2004-2005 Appropriations Limit
(Originally was $116,167,430)
$105,367,283
x 1.1017
$116,083,136