HomeMy WebLinkAboutCC RES 07-50RESOLUTION NO. 07-50
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF PALM DESERT, CALIFORNIA,
ESTABLISHING THE APPROPRIATIONS LIMIT
FOR THE 2007-2008 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 2007-2008, 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 2007-2008, 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 $ 83,369,804 for 2007-2008 Fiscal Year.
PASSED, APPROVED ANQ ADOPTED at the regular meeting of the Palm
Desert City Council held on this 28tday of June 2007, by the following vote, to wit:
AYES: BENSON, FINERTY, SPIEGEL and KELLY
NOES: NONE
ABSENT: FERGUSON
ABSTAIN: NONE
ATTEST:
CITY OF PALM DESERT, CALIFORINA
Z WA,
. KELLY, MA'if0R
CITY OF PALM DESERT
FISCAL YEAR 2007-2008
APPROPRIATIONS LIMIT CALCULATION
RESOLUTION NO. 07-50
Article XIII B of the California 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. 2006-07 APPROPRIATION LIMIT
AMOUNT SOURCE
77,282,779 PRIOR YEAR'S CALCULATION
B. ADJUSTMENT FACTORS
1. POPULATION %
POPULATION % CHANGE 3.31 STATE DEPT OF FINANCE
POPULATION CONVERTED TO RATIO (3.31+100)/100 1.0331 CALCULATED
2. INFLATION %
USING % CHANGES IN CALIF PER CAPITA PERSONAL INCOME
PER CAPITA % CHANGE 4.42 STATE DEPT OF FINANCE
PER CAPITA CONVERTED TO RATIO (4.42+100)/100 1.0442 CALCULATED
3. CALCULATION OF FACTOR FOR FY 07-08
C. 2007-08 APPROPRIATIONS LIMIT BEFORE ADJUSTMENTS
D. OTHER ADJUSTMENTS
E. J2007-2008 APPROPRIATIONS LIMIT 1
F. !APPROPRIATIONS SUBJECT TO LIMIT
G. IOVER/(UNDER) LIMIT
1
1.0788 B1*B2
83,369,804 B3`A
0 CALCULATED
83,369,804 1 C+D
41,432,567 ' CALCULATED
(41, 937,237)1 F-E
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