HomeMy WebLinkAboutCC RES 08-065RESOLUTION NO. 08-65
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF PALM DESERT, CALIFORNIA,
ESTABLISHING THE APPROPRIATIONS LIMIT
FOR THE 2008-2009 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 2008-2009, 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 2008-2009, 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 $89,302,615
for 2008-2009 Fiscal Year.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
City Council held on this 26$ay of June 2008, by the following vote, to wit:
AYES: FERGUSON, FINERTY, SPIEGEL, and BENSON
NOES: KELLY
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
RA L D. KLASSEN, CLERK
CITY OF PALM DESERT, CALIFORINA
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RESOLUTION NO. 08-65
CITY OF PALM DESERT
FISCAL YEAR 2008-2009
APPROPRIATIONS LIMIT CALCULATION
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. 2007-08 APPROPRIATION LIMIT
AMOUNT SOURCE
83,369,804 PRIOR YEAR'S CALCULATION
B. ADJUSTMENT FACTORS
1. POPULATION %
POPULATION % CHANGE 2.71 STATE DEPT OF FINANCE
POPULATION CONVERTED TO RATIO (2.71+100)/100 1.0271 CALCULATED
2. INFLATION
USING % CHANGES IN CALIF PER CAPITA PERSONAL INCOME
PER CAPITA % CHANGE 4.29 STATE DEPT OF FINANCE
PER CAPITA CONVERTED TO RATIO (4.29+100)/100 1.0429 CALCULATED
3. CALCULATION OF FACTOR FOR FY 08-09
C. 2008-09 APPROPRIATIONS LIMIT BEFORE ADJUSTMENTS
D. OTHER ADJUSTMENTS
E. 12008-2009 APPROPRIATIONS LIMIT
F. !APPROPRIATIONS SUBJECT TO LIMIT
G. COVER/(UNDER) LIMIT
1.0712 B1*B2
89,302,615 B3*A
0 CALCULATED
89,302,615 I C+D
41,666,148 ' CALCULATED
(47, 636,467)1 F-E