HomeMy WebLinkAboutRESO 9070RESOLUTION NO. 9070
RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO DETERMINING
THE CALCULATION OF THE APPROPRIATIONS LIMIT FOR FISCAL YEAR
2011
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 fiscal year 1991, 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 and the total appropriations subject to
the limi t were set forth in the annual budget of the City for
fiscal year 2011, which will be adopted by ordinance of the Council
on June 28, 2010; and
WHEREAS, pursuant. to Government Code sections 7901 and 7910,
the final calculation of the Limit has been determined, and the
adjustment factors on which the calculation is based are a -2.54%
percent change in California per capita income and a 1.44% percent
change in the population growth for the City of Palo Alto; 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,
appropriations
million.
according to the final
subj ect to limitation
calculation, the
are approximately
City's
$78.73
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 2011, 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 $36.33 million.
SECTION 2. The Council hereby adopts the final calculation
of the Appropriations Limit of the City for fiscal year 2011, a
copy of which is attached hereto as Exhibit A.
1
Exhibit A
APPROPRIATIONS LIMITATION COMPLIANCE CALCULATION
FOR FY 2011 ADOPTED BUDGET
($ IN MILLIONS)
, Combined" ' Generir ,Capl~l, D,e~t, Special
Funds Fund' .ProJ~cts 'Service
' , . ' ~ .. Rev~nu,e
Total Budgeted Appropriations
FY 2011 Adopted Budget ($ millions) 140.50 113.00 16.84 2.69 7.97-
Less: Debt Service Transactions 2.69 2.69
Capital Outlay 16.84 16.84
Non-Proceeds of Taxes 42.03 39.28 2.75
INet Proposed Appropriations Subject to Limit $78.94 $73.72 $0.00 $0.00 $5.221
FY 201.1' ApPropriations Limit, 11~.06 .(,.,r:';'-U,r.f.:J.'.I·,i'".cr
•• ,rl-"';;' '\{'~Al '-{,
Under Limit ,By 36.:12 "U~~ ",:,,~-~f() """ i;{i?/(:7i,}'!. o· ,Ii ~', " ;1;<\
Cgmeytatlo!] of Aeeroerlatlon Limit: I/~"-I// \~\ '~M?J
FY 201 0 Appropriations limit: $116,380,638 flt;'f( \ \) 0 \~\
; I I, \ ) ~'~
FY 2011 City of Palo Alto 1.44% :,.\ ..1.\ \ J.:t Jj
("; .. \ ,,.( '.;\, /-. i ~ f
Population Change it). . '"' /-:;.,1 /j .'. (f"'b "i' i ';. ~_ .... _ .. .J.~{}t' "~l!J,l/ " .. ~ ',-,. /:\"\ ./ FY 2011 Per Capita Income Change -2.54% ", Jlf(' ';'~:\'" ."'/ '(I., " K1"((J) • '.'7
(1.0144) x (0.9746) x $116,380,638 = $115,057,884'
.. fC"l"I, '.,(,(f1~t.~f"··'"
The City of Palo Alto remains well within Its appropriations limit In FY 2011. FutUre year limit trends can be made based
on the average change In regional population and income growth. The appropriations subject to limitation includes
proceeds of taxes from the General Fund, Special Revenue Funds, Debt Service Funds, and Capital Improvement
Funds. The following is a summary of estimated limits and estimated appropriations subject to the limit.
Historical Aeeroer1atlon§
FY 2007 FY2008 FY2009 FY 2Q1g ~2g11
Appropriations Subject to the limit 70.45 73.30 78.64 72.00 78.94
Appropriations Limit 100.64 106,.68 113.17 116.38 115.06
Under Limit By 30.19 33.38 34.63 44.38 36.12
Prglected ARRroRrlatlgnl
FY 2012 FY 2013 FY 201~ FY 2016 FY 2016
Estimated Appropriations Subject to Limit 83.44 88.19 93.21 98.52 104.13
Estimated Appropriations Limit 121.61 128.54 135.86 143.60 151.77
Under Limit By 38.17 40.36 42.66 46.08 47.64
" , . .. '