HomeMy WebLinkAboutRESO 7980RESOLUTION NO. 7980
RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO DETERMINING
THE CALCULATION OF THE APPROPRIATIONS LIMIT OF THE CITY OF
PALO ALTO FOR FISCAL YEAR 2000-01
WHEREAS, under Article XIIIB of the Constitution of the State
of California, the City of Palo Alto ("City") may not appropriate
any proceeds of taxes in excess of its appropriations limit
("Limit") ; and
WHEREAS, since 1990-91, the City is permitted to annually
adjust its Limit in accordance with inflation and population
adjustment factors; and
WHEREAS, pursuant to Government Code Section 37200, the
calculation of the Limit was set forth in the annual budget of the
City for fiscal year 2000-01, which was adopted by ordinance of the
Council on June 19, 2000; and
WHEREAS, pursuant to Government Code Section 7910, the final
calculation of the Limit has been determined, and the adjustment
factors on which the calculation is based are a 4. 91% percent
change in California Per Capita Income and a 1.63% percent change
in the population growth of the County of Santa Clara; and
WHEREAS, the documentation used in the determination of the
Limit has been made available to the general public for fifteen
(15) days prior to the date of adoption of this resolution; and
WHEREAS, according to the final calculation, the
appropriations subject to limitation are approximately
million less than the Limit.
City's
$10.58
NOW, THEREFORE, the Council of the City of Palo Alto does
RESOLVE as follows:
SECTION 1. The Council of the City of Palo Alto hereby
finds that, for fiscal year 2000-01, the final calculation of the
Appropriations Limit of the City of Palo Alto has been determined
in accordance with the adjustment factors referred to above, the
documentation used in the determination of the calculation has been
made available to the general public for the period of fifteen days
as required by law, and the City's appropriations subject to
limitation are under the Limit by approximately $10.58 million.
SECTION 2. The Council hereby adopts the final calculation
of the Appropriations Limit of the City for fiscal year 2000-01, a
copy of which is attached hereto as "Exhibit A".
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SECTION 3. The Council finds that the adoption of this
resolution does not constitute a project under the California
Environmental Quality Act, and, therefore, no environmental
assessment is necessary.
INTRODUCED AND PASSED: June 19, 2000
AYES: BEECHAM, BURCH, EAKINS, FAZZINO, KLEINBERG, KNISS, LYTLE, MOSSAR,
OJAKIAN
NOES:
ABSENT:
ABSTENTIONS:
AT~ !P~
City Clerk } '~.AA-:
APPROVED AS TO FORM:
Sr. Assistant City Attorney
2
.ED/&~
C1ty Manager
Q
Director,
Services
ESTIMATED APPROPRIATIONS LIMITATION
COMPLIANCE CALCULATION FOR ADOPTED 2000·01 BUDGET
($IN MILLIONS)
Capital Combined
Funds
General
Fund Projects Debt Service
TOTAL BUDGETED APPROPRIATIONS
2000-01 Proposed Budget($ millions)
Less: Debt Service Transactions
Capital Outlay
Non-Proceeds of Taxes
Net Proposed Appropriations Subject to Limit
2000-01 Appropriations Limit
Under Limit By
COMPUTATION OF APPROPRIATION LIMIT
1999-00 Appropriations Limit:
2000-01 Santa Clara County Population Change
2000-01 Per Capita Income Change
2000-01 Appropriations Limit Calculation
(1.0163) X (1.0491) X $70,125,958 =
108.31
2.80
5.25
36.07
$64.19
$74.77
$10.58
$70,125,958
1.63%
4.91%
$74,768,320
92.87
30.45
$62.42
7.10
5.25
$1.85
2.82
2.80
$0.02
Special
Revenue
5.52
5.61
$ (0.10)
The City of Palo Alto remains well within its appropriations limit in 2000-01. Future year limit trends can be made based on
average change in regional popullition and income growth. The following is a summary of estimated limits and estimated
appropriations subject to the limit. It indicates a slight decline in the amount Palo Alto's budgeted appropriations are projected
to be under the estjmated limit.
Historical Appropriations 1996-97 1997-98 1998-99 1999-QO 2000-01
Appropriations Subject to the Limit 45.21 51.78 53.21 57.44 64.19
Appropriations Limit 57.98 62.00 65.95 70.13 74.77
Under Limit By $12.77 $10.22 $12.74 $12.69 $10.58
. Projected Appropriations 2001-02 2002-03 2003.04 2004-05
Estimated Appropriations Subject to Limit 68.69 74.19 80.12 86.53
Estimated Appropriations Limit 79.31 84.34 89.70 95.39
Under Limit By $10.61 $10.15 $9.58 $8.86
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