HomeMy WebLinkAboutCC RES 05-048RESOLUTION NO. 05- 48
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
DESERT, CALIFORNIA, ESTABLISHING THE APPROPRIATIONS
LIMIT FOR THE 2005-2006 FISCAL YEAR
WHEREAS, the voters approved the Gann Spending Limitation Initiative
(Proposition 4) on November 6, 1979, adding Article XIII B to the Constitution of the
State of California to establish and define annual appropriation limits on state and local
government entities; and
WHEREAS, Chapter 120-5 of the Revenue and Taxation Code Section 7910
(which incorporates California Senate Bill 1352) provides for the implementation of
Article XIII B by defining various terms used in this Article and prescribing procedures to
be used in implementing specific provisions of the Article, jurisdiction of its
appropriations limit; and
WHEREAS, the required calculation to determine the Appropriations Limit for
Fiscal Year 2005-2006, has been performed by the Finance Department based on
available information and is on file with the Finance Department and available for public
review;
WHEREAS, finance staff will recalculate the Appropriations Limit for respective
fiscal periods including Fiscal Year 2005-2006, as soon as information regarding the
percentage changes in the local assessment roll due to additional local nonresidential
new construction is made available by the Riverside County Assessor's office;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm
Desert, California, that the City of Palm Desert Appropriations Limit is hereby
established as 71,859,793 for 2005-2006 Fiscal Year.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm
Desert City Council held on this 23rd day of June, 2005, by the following vote, to wit:
AYES: BENSON, FERGUSON, KELLY, SPIEGEL, and CRITES
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
HELLE D.CASSEK CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
1
RESOLUTION NO. 05-48
CITY OF PALM DESERT
FISCAL YEAR 2005-2006
APPROPRIATIONS LIMIT CALCULATION
Article XIII B of the Califomia Constitution requires adoption of an annual appropriation limit. The original base
year limit was adopted in FY 1978-79 and has been adjusted annually for increase by a factor comprised of the
percentage change in population combined with either the percentage change in Califomia per capita personal
income or the percentage change in local assessment roll due to the addition of local nonresidential new
construction. The changes in the local assessment roll due to additional local nonresidential new construction for
current and prior periods have not been available from the County Assessor's office.
The November, 1988 voters approved Proposition R which increased the limit to S25,000,000. It expired in
November, 1992. The FY 1993-94 limit was calculated with prior years re -calculated to reflect the expiration of the
S25,000,000 limit.
A. 2004-05 APPROPRIATION LIMIT
AMOUNT SOURCE
63,182,648 PRIOR YEAR'S CALCULATION
B. ADJUSTMENT FACTORS
1. POPULATION %
POPULATION % CHANGE 8.05 STATE DEPT OF FINANCE
POPULATION CONVERTED TO RATIO (8.05+100)/100 1.0805 CALCULATED
2. INFLATION %
USING % CHANGES IN CALIF PER CAPITA PERSONAL INCOME
PER CAPITA % CHANGE 5.26 STATE DEPT OF FINANCE
PER CAPITA CONVERTED TO RATIO (5.26+100)100 1.0526 CALCULATED
3. CALCULATION OF FACTOR FOR FY 05-06 1.1373 B1`B2
C. 2005-06 APPROPRIATIONS LIMIT BEFORE ADJUSTMENTS 71,859,793 B3'A
D. OTHER ADJUSTMENTS 0 CALCULATED
E. 12005-2006 APPROPRIATIONS LIMIT 1 I 71,859,793 I C+D
F. 1r4-.rrtUr'rtIATIONS SUBJECT TO LIMIT ' 1 34,145,714 I CALCULATED
G.1OVER/(UNDER) LIMIT 1 1 (37,714,079)1 F-E