HomeMy WebLinkAboutReso 39-23 Adopting An Appropriations Limit for Fiscal Year 2023-24DocuSign Envelope ID: BD0342AA-8DCB-4ADF-ACFC-A697DCEF3399
RESOLUTION NO. 39 - 23
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2023-24
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 2023-24 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 2023-24 City of Dublin Appropriations Limit as $468,263,521.
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 16th day of May 2023, by the following vote:
AYES: Councilmembers Josey, McCorriston, Qaadri and Mayor Hernandez
NOES:
ABSENT: Councilmember Hu
DocuSigned by:
ATTEST:
11I'/�11y/DocuSigned by�: //V SL
Mayor
Reso. No. 39-23, Item 4.5, Adopted 05/16/2023 Page 1 of 1
DocuSign Envelope ID: BD0342AA-8DCB-4ADF-ACFC-A697DCEF3399
EXHIBIT A
CALCULATION OF FISCAL YEAR 2023-24 APPROPRIATIONS LIMIT
(Based on Fiscal Year 2022-23 Limit)
A. Selection of Optional Factors
1. Change in population — City vs. County.
Factors 1 /1 /2023 1 /1 /2022 % Increase
a. City of Dublin 70,879 71,148 -0.38%
b. County of Alameda 1,633,886 1,641,554 -0.47%
The City selected Factor la. City of Dublin population change -0.38%
2. Change in State per capita personal income vs. City non-residential building construction.
Factors % Change 1
a. Change in State per capita personal income 4.44% 1
b. Change in non-residential assessed valuation 0.98% 1
The City selected Factor 2a. Change in State per capita personal income 4.44%.
B. Fiscal Year 2023-24 Growth Adiustment Factor
Calculation of factor for Fiscal Year 2023-24 = X*Y = 0.9962*1.0444 = 1.0404
X = Selected Factor #1 + 100 =-0.38+100 = 0.9962
100 100
Y = Selected Factor #2 + 100 = 4.44 +100 = 1.0444
100 100
C. Calculation of Appropriations Limit
Fiscal Year 2022-23 Appropriations Limit $450,080,278
Fiscal Year 2023-24 Adjustment Factor x 1.0404
Fiscal Year 2023-24 Appropriations Limit $468,263,521