HomeMy WebLinkAbout8.3 Adopt Appropriation Limit a,
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CITY OF DUBLIN
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: June 21, 1988 .
SUBJECT 1988-89 Appropriations Limit
EXHIBITS ATTACHED Resolution Adopting the Appropriations Limit for
Fiscal Year 1988-89
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RECOMMENDATION Adopt Resolution
FINANCIAL STATEMENT: 1988-89 Appropriations Limit - $12,825,787
DESCRIPTION In June 1987 , the City Council adopted Resolution No.
46-87 establishing the City' s appropriations limit for Fiscal Year 1987-88
at $9 ,670,616.
Each fiscal year, the Council is required to adopt an appropriations limit.
According to the legislation that initiated the appropriations limit
requirements , the limit changes each year by the change in population plus
the lesser of the change in the U. S. Consumer Price Index (CPI) , or the
change in the State per capita personal income.
The 1988-89 appropriations limit is calculated in a consistent manner as
required by Article XIIIB of the California State Constitution, using the
following factors :
Change in Population
Estimated population (1/1/87 ) 20,214
Estimated population ( 1/1/88) 21,389
change = increase of 1,175
change in percentages = 5.81%
Change in U. S. CPI = 3.93%
Change in State per capita income = 4.66%
The appropriations limit growth rate formula
1.0581 x 1.0393 = 1.09968
The City received the appropriations limit transfer from the Dublin San
Ramon Services District of $1,992 ,548, which when added to the
appropriations limit for Dublin for this year of $9 ,670,616, results in a
total appropriations limit base of $11,663 ,164.
When combined, the appropriations growth rate and the adjusted current
year' s appropriations limit produce a new appropriations limit for the next
fiscal year of $12 ,825,787 :
$11;663,164 x 1.09968
This limit only restricts those appropriations which are funded by proceeds
of taxes as defined by Article XIII B of the State Constitution. The amount
of proceeds of taxes for 1988-89 is estimated to be $9,892,792.
Recommendation
Because 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 1988-89.
COPIES TO:IL,
ITEM NO.
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RESOLUTION NO. -88
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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ADOPTING THE APPROPRIATION LIMIT
FOR FISCAL YEAR 1988-89
WHEREAS, the voters of the State 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 City' s population plus the lesser of the change in
the State Per Capita Personal Income or the U.S. CPI .
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 1988-89 of $12, 825, 787 which has been calculated
in accordance with state law.
PASSED, APPROVED AND ADOPTED this 27th day of June 1988 .
AYES:
NOES: .
ABSENT:
Mayor
ATTEST:
City Clerk