HomeMy WebLinkAboutRESO7545•
RESOLUTION NO. 7545
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
1995-96
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
estimated calculation of the Limit was set forth in the annual
budget of the City for fiscal year 1995-96, which was adopted by
ordinance of the Council on June 19, 1995; and
WHEREAS, pursuant to Government Code Section 9710, the
final calculation of the Limit has been determined, and the
adjustment factors on which the calculation is based are a +4.72
percent change in California Per Capita Income and a +1.7 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 the adoption of this resolution; and
WHEREAS, according to the final calculation, the City's
appropriations subject to limitation is approximately $12 million
less than the Limit;
.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 1995-96, 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 has not exceeded the Limit by approximately $12 million.
SE ION 1. The Council hereby adopts the final calculation
of the Appropriations Limit of the City for fiscal year 1995-96, a
copy of which is attached hereto as "Attachment A".
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SECTIQN 3. The Council finds that the adoption of this
resolution does not constitute a project under the California
Environmental Quality Act, and, therefore, no environmental
assessment is necessary.
INTRODUCED AND PASSED: August 14, 1995
AYES: ANDERSEN, FAZZINO, HUBER, MCCOWN, ROSENBAUM, SIMITIAN, WHEELER
/iKMS:
ABSENT: KNISS, SCHNEIDER
ABSTENTIONS:
ATTEST/
City
7
‘t4
erk
APPROVED AS TO FORM:
(Senior Asst. City Attorney
APPROVED:
or c,-)
Deputy City Manager
Administrative Services
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ATTACHMENT A
APPROPRIATIONS LIMITATION COMPLIANCE CALCULATION FOR ADOPTED 1995.1996 BUDGET
($ in Millions)
Combined I General Capital Debt Special
Funds 1 Fund Projects Service Revenue
Total Budgeted Appropriations
1995-96
Less: Debt Service Transactions
Capital Outlay
Non -Proceeds of Taxes
Appropriations from Reserves
Net Appropriations
Subject to Limit
Computation of Appropriation Limit:
1994-95 Appropriations Limit:
Santa Clara County
Population Change
Per Capita Income Change
(1.0472) x (1.017) x $51,460,925 = $54,806,009
$78.41 1 $67.90 $4.84 $2.48 $3.19
1
1.16 1 1.16
5.24 1 3.92 1.32
28.60 I 25.92 2.68
0.13 I 0.13
1
543.281 $41.85 50.92 $0.00 $0.51
$51,460,925
1.70
4.72
Population Change and Per Capita Income factors provided by the State Department of Finance on May 1, 1995.