HomeMy WebLinkAboutReso 74-16 Adopt AppropriationsFY 2016-17 RESOLUTION NO. 74-16
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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ADOPTING AN APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2016-17 OF $291,414,855
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 2016-17 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 2016-17 City of Dublin Appropriations Limit as $291,414,855.
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 7t" day of June, 2016, by the following vote:
AYES: Councilmembers Biddle, Gupta, Hart, Wehrenberg, and Mayor Haubert
NOES: None
ABSENT: None
ATTEST: None
Mayor
City Clerk
Reso No. 74-16,Adopted 6-7-16, Item 4.5 Page 1 of 1
EXHIBIT A
CALCULATION OF FISCAL YEAR 2016-17 APPROPRIATIONS LIMIT
(Based on Fiscal Year 2015-16 Limit)
A. Selection of Optional Factors
1. Change in Population — City vs. County.
Factors 1/1/2016 1/1/2015 % Change
a. City of Dublin 55,804 54,486 2.42%
b. County of Alameda 1,624,841 1,607,863 1.06%
The City selected Factor la. City of Dublin population growth 2.42%
2. Change in State per Capita Personal Income vs. City Non Residential Building
Construction.
Factors % Change
a. Change in State per Capita Personal Income 5.37%
b. Change in Non Residential Assessed Valuation 1.17%
The City selected Factor 2a. Change in State per Capita Personal Income 5.37%
B. FY2016-17 Growth Adiustment Factor
Calculation of factor for FY2016-17 = X*Y = 1.0242*1.0537 = 1.0792
X = Selected Factor#1 + 100 = 2.42+100 = 1.0242
100 100
Y = Selected Factor#2 + 100 = 5.37+100 = 1.0537
100 100
C. Calculation of Appropriations Limit
Fiscal Year 2015-16 Appropriations Limit $270,028,591
Fiscal Year 2016-17 Adjustment Factor x 1.0792
Fiscal Year 2016-17 Appropriations Limit $291,414,855
Exhibit A