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Home My WebLink AboutRESO 10055 1 Resolution No. 10055 Resolution of the Council of the City of Palo Alto Determining the Calculation of the Appropriations Limit for Fiscal Year 2023 R E C I T A L S A. 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 B. Since fiscal year 1991, the City is permitted to annually adjust its Limit in accordance with inflation and population adjustment factors; and C. Pursuant to Government Code Section 37200, the calculation of the Limit and the total appropriations subject to the limit were set forth in the annual budget of the City for Fiscal Year 2023, which was adopted by ordinance of the Council on June 20, 2022; and D. 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 7.55% percent change in California per capita income and a 0.07% percent change in the population growth for the City of Palo Alto; and E. 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 adop tion of this resolution; and F. According to the final calculation, the City’s net appropriations subject to limitation are approximately $138.39 million. 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 2023, 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 documen tation 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 $64.91 million. SECTION 2. The Council hereby adopts the final calculation of the Appropriations Limit of the City for Fiscal Year 2023, a copy of which is attached hereto as Exhibit 1. SECTION 3. The Council finds that the adoption of this resolution does not constitute a DocuSign Envelope ID: F520FDA8-23B0-40D8-9F74-9508A68644F6 2 project under the California Environmental Quality Act, and, therefore, no environmental assessment is necessary. INTRODUCED AND PASSED: June 20, 2022 AYES: BURT, CORMACK, DUBOIS, FILSETH, KOU, STONE, TANAKA NOES: ABSENT: ABSTENTIONS: ATTEST: APPROVED: ___________________________ _______________________________ City Clerk Mayor APPROVED AS TO FORM: _______________________________ City Manager ___________________________ City Attorney _______________________________ Administrative Services Director DocuSign Envelope ID: F520FDA8-23B0-40D8-9F74-9508A68644F6 Exhibit 1 FY 2023 Adopted Budget 247.55$ 96.50$ 24.36$ 8.79$ 377.21$ Less: Interfund Transfers (25.36)$ (3.84)$ (19.20)$ -$ (48.40)$ Allocated Charges (22.72)$ (0.38)$ (0.33)$ -$ (23.42)$ Non-Proceeds (58.79)$ (92.52)$ (6.92)$ (8.77)$ (167.00)$ Net Appropriations Subject to Limit 140.68$ (0.23)$ (2.08)$ 0.02$ 138.39$ FY 2023 Per Capita Income Change (CA Department of Finance)7.55% Factor A 1.075500 FY 2023 Population Change (City of Palo Alto)0.07% Factor B 1.000007 189.03$ 1.075508 203.30$ Net Appropriations Subject to Limit 138.39$ Amount Under the Limit 64.91$ 2022 1.0573 0.9999 1.0572 189.03$ 127.09$ 63.07$ 2021 1.0373 1.0037 1.0411 179.86$ 113.06$ 66.81$ 2020 1.0385 1.0033 1.0419 171.74$ 127.42$ 45.34$ 2019 1.0367 1.0040 1.0408 164.83$ 114.94$ 50.87$ 2018 1.0369 1.0082 1.0454 158.36$ 131.49$ 26.88$ 2017 1.0537 1.0130 1.0674 151.48$ 109.51$ 41.97$ 2016 1.0382 1.0113 1.0499 141.92$ 100.60$ 41.31$ 2015 0.9977 1.0150 1.0127 135.17$ 82.93$ 52.24$ 2014 1.0512 1.0157 1.0677 133.48$ 90.28$ 43.20$ 2013 1.0377 1.0124 1.0506 125.01$ 96.73$ 28.28$ 2012 1.0251 1.0089 1.0342 119.00$ 89.00$ 30.00$ On November 6, 1979, California voters approved Proposition 4, an initiative that added Article XIIIB to the state Constitution. The provisions of this article place limits on the amount of revenue that can be appropriated by all entities of government. The Appropriations Limit is based on actual appropriations during the 1978-1979 fiscal year, as increased each year using specified population and inflationary growth factors. FY 2022 Adopted Appropriations Limit Factor A x Factor B The City of Palo Alto remains well within its appropriations limit in FY 2023. 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, Capital Projects Fund, and Special Revenue Funds. Fiscal Year Per Capita Income Factor Population Change Factor Total Adjustment Factor Appropriations Limit Appropriations Subject to Limit Amount Under the Limit FY 2023 Adopted Appropriations Limit APPROPRIATIONS LIMITATION COMPLIANCE CALCULATION FOR FISCAL YEAR 2023 ADOPTED BUDGET ($ IN MILLIONS) Total Budgeted Appropriations General Fund Capital Projects Funds Special Revenue Funds Debt Service Fund Combined Funds DocuSign Envelope ID: F520FDA8-23B0-40D8-9F74-9508A68644F6 Certificate Of Completion Envelope Id: F520FDA823B040D89F749508A68644F6 Status: Completed Subject: Please DocuSign: RESO 10055 GANN FY 2023.doc, RESO 10055 Exhibit 1- GANN Notice FY 2023.pdf Source Envelope: Document Pages: 3 Signatures: 5 Envelope Originator: Certificate Pages: 2 Initials: 0 Mahealani Ah Yun AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC-08:00) Pacific Time (US & Canada) 250 Hamilton Ave Palo Alto , CA 94301 Mahealani.AhYun@CityofPaloAlto.org IP Address: 199.33.32.254 Record Tracking Status: Original 6/22/2022 9:28:56 AM Holder: Mahealani Ah Yun Mahealani.AhYun@CityofPaloAlto.org Location: DocuSign Security Appliance Status: Connected Pool: StateLocal Storage Appliance Status: Connected Pool: City of Palo Alto Location: DocuSign Signer Events Signature Timestamp Molly Stump molly.stump@cityofpaloalto.org City Attorney City of Palo Alto Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Signed by link sent to molly.stump@cityofpaloalto.org Using IP Address: 199.33.32.254 Sent: 6/22/2022 9:30:56 AM Viewed: 6/22/2022 12:20:39 PM Signed: 6/22/2022 12:20:54 PM Electronic Record and Signature Disclosure: Not Offered via DocuSign Kiely Nose kiely.nose@cityofpaloalto.org Director, Administrative Services/CFO City of Palo Alto Security Level: Email, Account Authentication (None) Signature Adoption: Uploaded Signature Image Signed by link sent to kiely.nose@cityofpaloalto.org Using IP Address: 199.33.32.254 Sent: 6/22/2022 12:20:55 PM Viewed: 6/22/2022 6:12:37 PM Signed: 6/22/2022 6:13:10 PM Electronic Record and Signature Disclosure: Not Offered via DocuSign Ed Shikada ed.shikada@cityofpaloalto.org Ed Shikada, City Manager City of Palo Alto Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Signed by link sent to ed.shikada@cityofpaloalto.org Using IP Address: 199.33.32.254 Sent: 6/22/2022 6:13:11 PM Viewed: 6/23/2022 7:36:00 AM Signed: 6/23/2022 7:36:32 AM Electronic Record and Signature Disclosure: Not Offered via DocuSign Signer Events Signature Timestamp Patrick Burt pat@patburt.org Mr Security Level: Email, Account Authentication (None)Signature Adoption: Pre-selected Style Signed by link sent to pat@patburt.org Using IP Address: 185.224.57.161 Sent: 6/23/2022 7:36:33 AM Viewed: 6/24/2022 2:10:06 AM Signed: 6/24/2022 2:14:22 AM Electronic Record and Signature Disclosure: Not Offered via DocuSign Lesley Milton Lesley.Milton@CityofPaloAlto.org City Clerk Security Level: Email, Account Authentication (None)Signature Adoption: Pre-selected Style Signed by link sent to Lesley.Milton@CityofPaloAlto.org Using IP Address: 199.33.32.254 Sent: 6/24/2022 2:14:23 AM Viewed: 6/24/2022 9:35:04 AM Signed: 6/24/2022 9:35:11 AM Electronic Record and Signature Disclosure: Not Offered via DocuSign In Person Signer Events Signature Timestamp Editor Delivery Events Status Timestamp Agent Delivery Events Status Timestamp Intermediary Delivery Events Status Timestamp Certified Delivery Events Status Timestamp Carbon Copy Events Status Timestamp Witness Events Signature Timestamp Notary Events Signature Timestamp Envelope Summary Events Status Timestamps Envelope Sent Hashed/Encrypted 6/22/2022 9:30:56 AM Certified Delivered Security Checked 6/24/2022 9:35:04 AM Signing Complete Security Checked 6/24/2022 9:35:11 AM Completed Security Checked 6/24/2022 9:35:11 AM Payment Events Status Timestamps