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HomeMy WebLinkAbout1997-09-08 City Council (30)TO: City of Palo Alto City Manager’s Report HONORABLE CITY COUNCIL FROM:CITY MANAGER DEPARTMENT:ADMINISTRATIVE SERVICES AGENDA DATE: SEPTEMBER 8, 1997 CMR:362:~ SUBJECT:ADOPTION OF FINAL GANN LIMIT CALCULATION RESOLUTION FOR 1997-98 REOUEST: Staff recommends that Council adopt the attached resolution determining the Proposition 4 (Gann) Appropriations Limitation calculation for fiscal year 1997-98. The City’s fiscal year 1997-98 appropriations are $10.2 million under the limit. EXECUTIVE SUMMARY: Article 13B of the State Constitution (Proposition 4) limits the annual appropriations for the State and local governments. Population and per capita income "change factors," which are used to adjust the City’s annual appropriation limit, are received from the State after the City’s budget has been submitted to Council. The appropriations limitation calculation. approved by Council on June 23, 1997 was an estimate only. Attached is the final appropriations limitation calculation, based on appropriations approved on June 23, 1997 and on "change factors" received from the State. The City’s fiscal year 1997-98 appropriations are $10.2 million under the limitation. ATTACHMENTS: Attachment A:Appropriations Limitation Compliance Calculation for Adopted 1997- 98 Budget Attachment B:Resolution CMR:362:97 Page 1 of 2 PREPARED BY: Joe Saccio, Senior Financial Analyst DEPARTMENT HEAD APPROVAL: ~ - Melissa 12avallo Acting Director, Administrative Services CITY MANAGER APPROVAL: CC: n/a , Emilio Harrison Assistant City Manager CMR:362:97 Page 2 of 2 ATTACHMENT A APPROPRIATIONS LIMITATION COMPLIANCE CALCULATION FOR ADOPTED 1997-1998 BUDGET ($ in Millions) Total Budgeted Appropriations 1997-98 Less:Debt Service Transactions Capital Outlay Non-Proceeds of Taxes Appropriations from Reserves Net Appropriations Subject to Limit 1997-98 Limit Under Limit By Combined General Capital Debt Special Funds Fund Projects Service Revenue $87.40 $76.60 $4.51 $2.49 $3.80 1.17 1.17 4.42 3.10 1.32 30.03 27.23 2.80 $51.78 $49.37 $1.41 $0.00 $1.00 $62.00 $10.22 Computation of Appropriation Limit: 1996-97 Appropriations Limit: 1997-98 Santa Clara County Population Change 1997-98 Per Capita Income Change $57,984,995 2.16% 4.67% (1.0467) x (1.0216) x $57,984,995 = $62,003,861 ATTACHMENT B RESOLUTION NO. 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 1997-98 WHEREAS, under Article XIIfB 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 1997-98, which was adopted by ordinance of the Council on June 23, 1997; and WHEREAS, pursuant to Government Code Section 7910, ~he final, calculation of the Limit has been determined, and the adjustment factors on which the calculation is based are a +4.67 percent change in California Per Capita Income and a +2.16 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 $10.2 million less than the Limit; ~. NOW, THEREFORE, the Council of the City of Palo Alto does RESOLVE as follows: SECTION i. The Council of the City of Palo Alto hereby f±nds that, for fiscal year 1997-98, 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 $10.2 million. SECTION 2~. The Council hereby adopts the final calculation of the Appropriations Limit of the City for fiscal year 1997-98, a copy of which is attached hereto as "Attachment A". 970729 1a~ 0031600 1 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: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST:APPROVED : City Clerk Mayor APPROVED AS TO FORM: Senior Asst. City Attorney City Manager Acting Director of Administrative Services 970729 lac 0031600