HomeMy WebLinkAbout5 Appropriations 71921 plCITY OF PALM DESERT
FISCAL YEAR 2021-2022
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.
On 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.
AMOUNT SOURCE
A.2020-21 APPROPRIATION LIMIT 144,763,120 PRIOR YEAR'S CALCULATION
B.ADJUSTMENT FACTORS
1.POPULATION %
POPULATION % CHANGE 0.67 STATE DEPT OF FINANCE
POPULATION CONVERTED TO RATIO (0.67+100)/100 1.0067 CALCULATED
2.INFLATION %
USING % CHANGES IN CALIF PER CAPITA PERSONAL INCOME
PER CAPITA % CHANGE 5.73 STATE DEPT OF FINANCE
PER CAPITA CONVERTED TO RATIO (5.73+100)/100 1.0573 CALCULATED
3.CALCULATION OF FACTOR FOR FY 21-22 1.0644 B1*B2
C.2021-22 APPROPRIATIONS LIMIT BEFORE ADJUSTMENTS 154,083,536 B3*A
D.OTHER ADJUSTMENTS 0 CALCULATED
E.2021-2022 APPROPRIATIONS LIMIT 154,083,536 C+D
F.APPROPRIATIONS SUBJECT TO LIMIT 43,955,984 CALCULATED
G.OVER/(UNDER) LIMIT (110,127,552)F-E