HomeMy WebLinkAboutCC RES 06-087ARESOLUTION NO. 06-87A
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF PALM DESERT, CALIFORNIA,
ESTABLISHING THE APPROPRIATIONS LIMIT
FOR THE 2006-2007 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, Califomia, that the City of Palm Desert Appropriations Limit is hereby established
as $ 77,282,779 for 2006-2007 Fiscal Year.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
City Council held on this 22 day of June, 2006, by the following vote, to wit:
AYES: BENSON, CRITES, KELLY, SPIEGEL, and FERGUSO
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
C2•-__.--s---...
RACHLLL$ D. ILASSEN,"CITY CLERIC
CITY OF PALM DESERT, CALIFORNIA
G(u
ON, MAYOR
RES-ESTAPPO6O7
xv
xii
RESOLUTION NO. 06-87A
CITY OF PALM DESERT
FISCAL YEAR 2006-2007
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 California 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 $25,000,000. It expired in
November, 1992. The FY 1993-94 limit was calculated with prior years re -calculated to reflect the expiration of the
$25,000,000 limit.
A. 2005-06 APPROPRIATION LIMIT
AMOUNT SOURCE
71,859,793 PRIOR YEAR'S CALCULATION
B. ADJUSTMENT FACTORS
1. POPULATION %
POPULATION % CHANGE 3.45 STATE DEPT OF FINANCE
POPULATION CONVERTED TO RATIO (3.45+100)/100 1.0345 CALCULATED
2. INFLATION %
USING % CHANGES IN CALIF PER CAPITA PERSONAL INCOME
PER CAPITA % CHANGE 3.96 STATE DEPT OF FINANCE
PER CAPITA CONVERTED TO RATIO (3.96+100)/100 1.0396 CALCULATED
3. CALCULATION OF FACTOR FOR FY 06-07 ESTIMATED 1.0755 B1"B2
C. 2006-07 APPROPRIATIONS LIMIT BEFORE ADJUSTMENTS 77,282,779 B3"A
D. OTHER ADJUSTMENTS 0 CALCULATED
E. (2006-2007 APPROPRIATIONS LIMIT 1 I 77,282,779 1 C+D
F. (APPROPRIATIONS SUBJECT TO LIMIT li ' 34,145,714 I CALCULATED
G. IOVER/(UNDER) LIMIT I ( (43,137,065)( F-E
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