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HomeMy WebLinkAboutStaff Report 240-088 City of Palo Alto City Manager’s Report TO:HONORABLE CITY COUNCIL FROM:CITY MANAGER DEPARTMENT: ADMINISTRATIVE SERVICES DATE: SUBJECT: JUNE 9, 2008 CMR: 240:08 ADOPTION OF RESOLUTION DETERMINING THE CALCULATION OF THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2008-09 RECOMMENDATION Staff recommends that Council adopt the attached resolution determining the Proposition 4 (Gann) Appropriations Limit calculation for Fiscal Year 2008-09. The City’s Fiscal Year 2008-09 appropriations are estimated to be $34.48 million under the limit, assuming Counci! approval of the Fiscal Year 2008-09 Adopted Budget. DISCUSSION Article XIIIB of the State Constitution (Proposition 4) limits the annual appropriations for the State and local governments. The Appropriations Limit (Limit) is adjusted annually on the basis of population and per capita income "change factors." These factors are received from the State in May, after the City’s proposed budget has been submitted to Council. Attached is the final Appropriations Limit calculation, based on the "change factors" which have been received from the State. The Appropriations Limit for Fiscal Year 2008-09 is $113.17 million. When compared to the reco~r~nended 2008- 09 Budget, the City’s fiscal year 2008-09 budgeted appropriations are $34.48 million under the Limit. Based on Article XIIIB, the City of Palo Alto can use the larger of two measurements of population ~ov~h, which are county or city population ~o’~h factors, in the Limit calculation. For Fiscal Year 2008-09, the City is using the population factor for Santa Clara County, which is greater than the population factor for the City of Palo Alto. As required by State law, documentation used to compute the Limit has been made available to the public at least fifteen days prior to the Council meeting at which the Limit is being adopted, and notice was published of the availability of these materials. CMR:240:08 Page 1 of 2 RESOURCE IMPACT The adoption of the Fiscal Year 2008-09 Limit has no impact on City resources. POLICY IMPLICATIONS This recommendation is consistent with existing City policies. ENVIRONMENTAL REVIEW This is not a project under CEQA. ATTACHMENTS Attachment A:Resolution determining the calculation of the Appropriations Limit for Fiscal Year 2008-09 PREPARED BY DEPARTMENT HEAD APPROVAL: CITY MANAGER APPROVAL" Senior Financial Analvst / Director. Administrativ,e.. Se~s i/)(/" Ii_,.---,. "__../dd.~.]~ jl - STEVE EMSLIE’ I KEIALY MORARIU Deputy Ci~, Managers CMR:240:08 Page 2 of 2 Attachment A ***NOT YET APPROVED*** RESOLUTION NO. RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ~TO DETER_MINING THE CALCULATION OF THE APPROPRIATIONS LIMIT OF THE CITY OF PALO ALTO FOR FISCAL YEAR 2008-09 WB.IEREAS, under Article X!i!B 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 ~EREAS, since fisca! year 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 calculation of the Limit and the tota! appropriations subject to the limit were set forth in the annual budget of the City for fiscal year 2008-09, which will be adopted by ordinance of the Counci! on June 9, 2008; and %~HEREAS, 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 4.29% percent change in California per capita income and a 1.72% percent change in the population growth for the County of Santa Clara; and <%~EREAS, 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 ~EREAS, according to the final calculation, the City’s appropriations subject to limitation are approximately $34.48 million less than the Limit. NOW, THEREFORE, the Council of the City of Palo Alto does RESOLVE as fol!ows: SECTION i. The Council of the City of Palo Alto hereby finds that, for fisca! year 2008-09, 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 genera! 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 $34.48 million. SECTION 2. The Council hereby adopts the final calculation of the Appropriations Limit of the City for fiscal year 2008-09, a copy of which is attached hereto as Exhibit A. SECTION 3. The Counci! finds that the adoption of this resolution does not constitute a project under the California Environmental Quality Act,and,therefore,no environmental assessment is necessary. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST:APPROVED: City Clerk Mayor APPROVED AS TO FORM: Senior Assistant City Attorney City Manager Director, Administrative Services Exhibit A APPROPRIATIONS LIMITATION COMPLIANCE CALCULATION FOR 2008-09 ADOPTED BUDGET ($ IN MILLIONS) Total Budgeted Appropriations 2008-09 Adopted Budget (Smillions) Less:Debt Service Transactions Capital Outlay Non-Proceeds of Taxes Net Proposed Appropriations Subject to Limit Combined Funds 142.55 1.22 16.10 46.55 78.69 General Fund 116.59 42.18 74.41 Capital Projects 16.10 16.!0 Debt Service 1.22 1.22 Special Revenue 8.65 4.37 4.28 Computation of Appropriation Limit: 2007-08 Appropriations Limit: 2008-09 Santa Clara County Population Change 2008-09 Per Capita Income Change (1.0172) x (1.0429) × $106,683,316 = S 106,683,316 1.72% 4.29% $113,173,703 The City of Palo Alto remains well within its appropriations limit in 2008-09. 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 Appropriations Appropriations Subject to the Limit Appropriations Limit Under Limit By Projected Appropriations Estimated Appropriations Subject to Limit Estimated Appropriations Limit Under Limit By 2004-05 2005-06 2006-07 2007-08 2008-09 64.13 65.87 70.45 73,30 78.69 89.27 95.68 100.64 106.68 113.17 25.14 29.81 30.19 33.38 34.48 2009-10 2010-11 2011-12 2012-13 2013-14 84.99 91.79 99.13 107.06 115.62 120.36 128.00 136.13 144.78 153.97 35.37 36.22 37.00 37.72 38.35