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HomeMy WebLinkAboutStaff Report 2304-135530.Adoption of a Resolution Proposing the Appropriations Limit for Fiscal Year 2024 Late Packet Report 2 0 8 3 City Council Staff Report From: City Manager Report Type: CONSENT CALENDAR Lead Department: Administrative Services Meeting Date: June 19, 2023 Report #:2304-1355 TITLE Adoption of a Resolution Proposing the Appropriations Limit for Fiscal Year 2024 RECOMMENDATION Staff recommends that Council adopt the attached Resolution determining the Appropriations Limit for Fiscal Year 2024 (Attachment A). The City's Fiscal Year 2024 appropriations are estimated to be $53.86 million under the limit based on the Fiscal Year 2024 Budget, as recommended to the City Council for review and adoption on June 19, 2023. BACKGROUND California voters approved an initiative on November 6, 1979 that added Article XIIIB to the State Constitution, as amended by Proposition 98 in 1988 and Proposition 111 in 1990. The provisions of this article place limits on the amount of revenue that can be appropriated by all entities of government. The appropriation limit is based on actual appropriations during the 1978-1979 fiscal year, as increased each year using specified population and inflationary growth factors. The original legislation implementing the provisions of Article XIIIB became effective January 1, 1981. In accordance with that legislation, the governing body of each government jurisdiction must, by resolution, establish its annual appropriation limit for the coming year (prior to July 1) at a regularly scheduled meeting or noticed special meeting. Based on Article XIIIB, the City of Palo Alto can use the larger of two measurements of population growth, (county or city population growth) in the appropriations limit calculation. For Fiscal Year 2024, the City is using the 2022- 2023 percent change in population growth of the County of Santa Clara in the calculation. The City typically uses the highest factor in order to provide maximum appropriation flexibility. ANALYSIS The appropriations limit is adjusted annually on the basis of population and per capita income changes provided annually by the California Department of Finance. This updated information is received from the California Department of Finance in May, after the City's proposed budget has been submitted to Council. Attached is the final appropriations limit calculation, based on the 2 0 8 3 updated information as well as allowable appropriation limit adjustment factors such as voter- approved debt and capital outlay expenditures. The appropriations limit for Fiscal Year 2024 is $211.80 million for funds subject to the appropriation limits. The City's Fiscal Year 2024 budgeted appropriations are estimated to be $53.86 million under the limit. As required by State law, documentation used to compute the appropriations limit has been made available to the public at least fifteen days prior to the Council meeting at which the appropriations limit is being adopted, and notice was published of the availability of these materials. FISCAL/RESOURCE IMPACT The adoption of the Fiscal Year 2024 Appropriations Limit has no impact on City resources. STAKEHOLDER ENGAGEMENT A public notice was provided on June 2, 2023 stating the availability of the calculation materials on the City’s website, and that the Appropriations Limit is being adopted on June 19, 2023. ENVIRONMENTAL REVIEW Council action on this item is not a project as defined by CEQA because establishing the Fiscal Year 2024 appropriations limit is a government funding mechanisms or fiscal activity which does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment. CEQA Guidelines section 15378(b)(4). ATTACHMENTS Attachment A: GANN Resolution FY 2024 Attachment B: GANN Notice FY 2024 APPROVED BY: Kiely Nose, Assistant City Manager NOT YET APPROVED Attachment A 1 Resolution No.XXXX Resolution of the Council of the City of Palo Alto Establishing the City’s Appropriations Limit for Fiscal Year 2024 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; and WHEREAS, since fiscal year 1991, the City is permitted to adjust its appropriations limit annually based on inflation and population adjustment factors; and WHEREAS, pursuant to Government Code Section 37200, the calculation of the appropriations limit and the total appropriations subject to the limit were set forth in the annual budget of the City for Fiscal Year 2024, which was adopted by ordinance of the Council on June 19, 2023; and WHEREAS, pursuant to Government Code sections 7901 and 7910, the final calculation of the appropriations limit has been determined, and the adjustment factors on which the calculation is based are a 4.44% percent change in California per capita income and a -0.25% percent change in the population growth for the County of Santa Clara; and WHEREAS, the documentation used in the determination of the appropriations limit has been made available to the general public for fifteen (15) days prior to the date of adoption of this resolution; and WHEREAS, according to the final calculation, the City’s net appropriations subject to limitation are approximately $157.94 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 2024, 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 are under the appropriations limit by approximately $53.86 million. NOT YET APPROVED Attachment A 2 SECTION 2. The Council hereby adopts the final calculation of the appropriations limit of the City for Fiscal Year 2024, a copy of which is attached hereto as Exhibit 1. SECTION 3. The Council finds that the adoption of this resolution does not constitute a project under the Section 15378(b)(4) of California Environmental Quality Act Guidelines because establishing the annual appropriations limit is a fiscal activity, and, therefore, no environmental assessment is necessary. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: APPROVED: ___________________________ _______________________________ City Clerk Mayor APPROVED AS TO FORM: _______________________________ City Manager ___________________________ Assistant City Attorney _______________________________ Administrative Services Director Attachment B FY 2024 Adopted Budget 279.58$ 138.31$ 25.74$ 12.02$ 455.65$ Less: Interfund Transfers (33.58)$ (7.38)$ (19.67)$ -$ (60.63)$ Allocated Charges (25.87)$ (0.28)$ (0.42)$ -$ (26.57)$ Non-Proceeds (57.79)$ (132.92)$ (7.49)$ (12.32)$ (210.52)$ Net Appropriations Subject to Limit 162.35$(2.26)$ (1.84)$(0.30)$157.94$ FY 2023 Per Capita Income Change (CA Department of Finance)4.44% Factor A 1.0444 FY 2023 Population Change (County of Santa Clara)-0.25% Factor B 0.9975 203.30$ 1.041789 211.80$ Net Appropriations Subject to Limit 157.94$ Amount Under the Limit 53.86$ 2023 1.0755 1.0000 1.0756 203.30$ 138.39$ 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$ APPROPRIATIONS LIMITATION COMPLIANCE CALCULATION FOR FISCAL YEAR 2024 ADOPTED BUDGET ($ IN MILLIONS) Total Budgeted Appropriations General Fund Capital Projects Funds Special Revenue Funds Debt Service Fund Combined Funds FY 2023 Adopted Appropriations Limit Factor A x Factor B FY 2024 Adopted Appropriations Limit 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. The City of Palo Alto remains well within its appropriations limit in FY 2024. 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