HomeMy WebLinkAboutRESO7350RESOLUTION NO. 7350
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
1994-95
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
adjust its Limit in accordance with inflation and
adjustment factors; and
WHEREAS, pursuant to Government Code Section
estimated calculation of the Limit was set forth in
budget of the City for fiscal year 1994-95, which was
ordinance of the Council on June 20, 1994; and
to annually
population
37200, the
the annual
adopted by
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 rased are a +.71
percent change .in California Per Capita income and a +1.6 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 $9 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 Palc Alto hereby
finds that, for fiscal year 1994-95, 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 $9 -million.
SECTION 2. The Council hereby adopts the final calculation
of the Appropriations Limit of the City for fiscal year 1994-95, a
copy of which is attached hereto as "Attachment A".
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940719 syn 0070634
• •
SECTION 3. The Council finds that the adoption of this
resolution does not constitute a project under the California
Environmental Quality Act, and, therefore, no environmental
assessment is necessary.
INTRODUCED AND PASSED: August 8, 1994
AYES: HUBER, KNISS, MCCOWN, ROSENBAUM, SCHNEIDER, SIMITIAN, WHEELER
NOES:
ABSENT: ANDERSEN, FAZZINO
ABSTENTIONS:
ATTEST
y Clerk
APPROVED AS TO FORM:
Senior Asst. City Attorney
APPROVED:
/66 Mayor
940719 .yn D070634
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ATIACHNENT A •
APPROPRIATIONS LIMITATION COMPLIANCE 1994-1995
($ in Millions)
Combined General Capital Debt Special
Funds Fund Projects Service Revenue
Total Budgeted Appropriations
1994-95
Less: Debt Service Transactions
Capital Outlay
Non -Proceeds of Taxes
Appropriations from Reserves
Net Appropriations
Subject to Limit
1994-95 Limit
Under Limit By
77.97 66.81 4.17 2.42 4.57
1.10 1.10
4.43 2.97 1.32 0.14
29.37 26.12 3.25
0.60 0.21 0.30 0.09
42.47 40.48 0.90 0.00 1.09
51.46
8.99
Computation of Appropriation Limit:
1993-94 Appropriations Limit: 50,293,433
Santa Clara County
Population Change 1.60
Per Capita Income Change 0.71
(1.0071) x (1.60 + 100.00)/100 x $50,293,433 = $51,460,925 ***
*** Population Change and Per Capita Income factors provided by State Department of Finance (5/2/94)
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