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HomeMy WebLinkAbout17. Annual Appropriations Limit AGENDA MEMO DATE: June 28, 2011 TO: Mayor and Members of the City Council FROM: Office of the City Manager By: John Michicoff, Director of Finance SUBJECT: STATE CONSTITUTION ARTICLE XIII-B APPROPRIATIONS LIMIT RECOMMENDATION That the City Council adopt the attached Resolution: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2011- 2012. DISCUSSION In accordance with Article XIII-B of the State Constitution, and using data furnished by the State Department of Finance and the Los Angeles County Assessor, the appropriations limit for Fiscal Year 2011-2012 has been calculated. The calculations as shown in Exhibit 1, are computed by adjusting the appropriations limit for Fiscal Year 2010-2011 for the percentage change in either California’s per capita personal income (2.51%) or the City’s total assessed valuation due to new non- residential construction (-1.24%); and the percentage change in population of either the County of Los Angeles (0.38%) or the City (0.23%). Since the percentage change in California’s per capital personal income and the percentage change in the population of the County of Los Angeles will provide greater benefit to the City, these factors have been selected to compute the 2011-2012 appropriations limit. Using these factors, the appropriations limit for 2011-2012 is $122,202,040, which basically means that certain aspects of the budget cannot exceed this amount. The proposed budget, currently under consideration, has appropriations subject to this limit of $45,235,906. FISCAL IMPACT There is no fiscal impact associated with adopting this resolution. S:\Agenda Memos CC 2011\06-28-11\11-12 Appropriations Limit.doc CITY OF DOWNEY, CALIFORNIA RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2011-2012. WHEREAS, the voters of California on November 6, 1979 added Article XIII-B to the State Constitution placing various limitations on the appropriations of the State and local governments; and WHEREAS, Proposition 111, which modifies the appropriations limit, was passed on the June 5, 1990 ballot; and WHEREAS, Article XIII-B provides that the appropriations limit for the fiscal year 2011- 12 is calculated by adjusting the appropriations limit for fiscal year 2010-11 for the percentage changes in California’s per capita personal income or City’s total assessed valuation due to new non-residential construction; and the percentage changes in the County’s or City’s population; and WHEREAS, the factors may be selected by annual elections of the City Council; and WHEREAS, the City Council of the City of Downey elects the percentage change in California’s per capita personal incomeand the percentage change in population of the County of Los Angeles to calculate the appropriations limit for fiscal year 2011-12; and WHEREAS, the information necessary for making these adjustments is attached in Exhibit 1; and WHEREAS, the City of Downey has complied with all of the provisions of Article XIII-B in determining the appropriations limit for fiscal year 2011-12 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE, AS FOLLOWS: Section 1. The appropriation limit for 2011-12 shall be $122,202,040 for the City of Downey as calculated in Exhibit 1. Section 2. The appropriations subject to the limit contained in the 2011-12 Budget are $45,235,906. Section 3. The City Clerk shall certify to the passage and adoption of this Resolution and shall enter same in the book of original resolutions of said City. Approved and adopted this 28th day of June, 2011. LUIS H. MARQUEZ, Mayor ATTEST: JOYCE E. DOYLE, Interim City Clerk RESOLUTION NO. _____ PAGE TWO I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council of the City of Downey at a regular meeting hereof, held on the 28th day of June, 2011, by the following vote, to wit: AYES: Council Members NOES: Council Members ABSTAINED: Council Members ABSENT: Council Members JOYCE E. DOYLE, Interim City Clerk RESOLUTION NO. _______ Exhibit 1 Calculation 2011-2012 Appropriations Limit 2010-2011 Appropriations Limit$118,758,056 Cost of Living Factor based on percentage change in per 2.51% capita personal income in California Population Factor based on percentage change in the 0.38% population of the County of Los Angeles Combined Factor 1.029 2011-2012 Appropriations Limit $122,202,040