Loading...
HomeMy WebLinkAbout1996-09-09 City Council (10)TO: City of Palo Alto City Manager’s Report HONORABLE CITY COUNCIL 6 FROM:CITY MANAGER DEPARTMENT:ADMINISTRATIVE SERVICES AGENDA DATE: SEPTEMBER 9, 1996 CMR:376:96 SUBJECT:ADOPTION OF FINAL GANN LIMIT CALCULATION RESOLUTION FOR 1996-97 REQUEST Staff recommends that Council adopt the attached resolution determining the Proposition 4 (Gann) Appropriations Limitation calculation for fiscal year 1996-97. The City’s fiscal year 1996-97 appropriations are $12.8 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 24 was an estimate only. Attached is the final appropriations limitation calculation, based on appropriations approved on June 24 and on change factors received from the State. The City’s fiscal year 1996-97 appropriations are $12.8 million under the limitation. ATTACHMENT Attachment: Resolution PREPARED BY: Joe Saccio, Senior F_inan~st .DEPARTMENT HEAD APPROVAL~ a~is~J(~_~__.~ Deputy City M~5~er, ~dTi.nistrativ~. CITY MANAGER APPROVAL: CC: n/a CMR:376:96 Page 1 of 1 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 1996-97 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 1996-97, which was adopted by ordinance of the Council on June 24, 1996; and WHEREAS, pursuant to Government Code Section 7910, the 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 +1.08 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 $12.8 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 finds that, for fiscal year 1996-97, 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 $12.8 million. SECTION 2. The Council hereby adopts the final calculation of the Appropriations Limit of the City for fiscal year 1996-97, a copy of which is attached hereto as "Attachment A"o 1 960723 la~ 0031391 SECTION 3. The Council finds that the adoption of this resolution does not constitute a project under the California Environmental Quality Act, and, therefore, no environmental assessment is necessary. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST:APPROVED: City Clerk Mayor APPROVED AS TO FORM: Senior Asst. City Attorney City Manager Deputy City Manager Administrative Services 2 960723 lae 0031391 ATTACHMENT A " APPROPRIATIONS LIMITATION COMPLIANCE CALCULATION FOR ADOPTED 1996-1997 BUDGET ($ in Millions) Total Budgeted Appropriations 1996-97 Less:Debt Service Transactions Capital Outlay Non-Proceeds of Taxes Appropriations from Reserves Net Appropriations ¯ Subject to Limit Under Combined General Capital Debt Special Funds Fund Projects Service Revenue $82.33 1.17 5.72 30.23 0.00 $71.78 $4.87 $2.49 $3.19 4.40 1 .i7 1.32 27.52 2.71 0.00 $45.21 $44.26 $0.47 ,$0.00 $0.48 Computation of Appropriation Limit: 1995-96 Appropriations Limit: 1996-97 Santa Clara County Population Change $54,806,009 1 .o8% 1996-97 Per Capita Income Change 4.67% (1.0467) x (1.0108) x $54,806,009 = $57,984,995