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HomeMy WebLinkAboutCC 5 APPROP LIMIT 08-16-93uATE' AUGUST 11, 1993 CONSENT CALENDAR NO. 5 8-16-93 TO: WILLIAM A. HUSTON, CITY MANAGER FROM: RONALDA. NAULT, DIRECTOR OF FINANCE SUBJECT: RESOLUTION 93-90 ADOPTING APPROPRIATIONS LIMIT FOR FISCAL YEARS 1987-1994. RECOMMENDATION: Adopt Resolution 93-90 setting the appropriations limit for Fiscal Years 1987-1994. FISCAL IMPACT: No fiscal impact on the City. DISCUSSION; Article XIIIB of the State Constitution requires cities to annually adopt a limit on appropriations for governmental funds. 'The basis of this limitation is the relationship between proceeds of tax and total appropriations. The base year was 1978-79, and limits were allowed to grow based on the annual increased population and U.S. CPI/California per Capita Personal Income, whichever is less. Proposition 111 was approved by voters in 1990 changing the base year from 1978-79 to 1986-87. Proposition 111 provides new adjustment formulas which make the appropriation limit more responsive to local groWth issues. It also requires review of the limit calculation as part of the annual audit process. Exhibit "A" shows the calculation of the appropriation limit for each of the fiscal years 1986-87 through 1993-94, and Exhibit "B" compares the appropriation limits and the fiscal year appropriations subject to the limit. Exhibit "C" details the calculation of proceeds of tax and non proceeds of tax for the Fiscal Year 1993-94. The appropriation limits for the past six years have been recalculated using the new formulas which are consistent with the intent of Proposition 111. As exhibit "B" indicates, we continue to be below the annual appropriation limit. The City auditors have reviewed and approved the annual appropriation limit calculation in conformance to Proposition 111. Page 2 August 11, 1993 Appropriations Limit FOr Fiscal Year 1993-94, we are below our limit by $5.1 million. The cumulative growth factors this year, as provided by the State Department of Finance, were a certified population of 57,454, an increase of 6.87 percent, and the California per capita personal income increase of 2.72 percent. Director of Finance /?:, l~r~a H~na~dez--'"'~'"'~'~J Administrative Assis~-a'nt II RAN:IH:is Attachments a: apropt i n. Lmt City of Tustin Appropriation Limits For the Years Ended June 30, 1987-1994 Exhibit 'A Appropriations limit for fiscal year ended June 30, 1987 (base year) $14,249,831 ANNUAL ADJUSTMENT FACTORS' Fiscal Year Price Population Combined Factors Cumulative Factors* 1987-88 1.0347 1.01 99 1.0553 1.0553 ::::::::::::::::::::::::::::::::::::: ::::::::::::::::::::::::::::::::::::::::::: :.:.:::;: :::;:::::::: ::::: 1988-89 1. 0466 1. 0579 1.1072 1.1684 1989-90 1.051 9 1.0238 1.0769 1.2583 1990-91 1.0421 1.0435 1.0874 1.3683 -..~~~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~~~:~:~:~:~~~:~:-..~:~:~:~:~~~:~~~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~ 5::::::::5: :::::::::5:::: ::::::::::5: :: ::::;: :::::::: :5 ::?." v :-:. :v :... :v :. :'~:i:~ :i:!:! :~ :~: !: ~:~ 1991-92 1.0414 1.0273 1.0698 1.4639 i!i!ii ?:!i iii i!i! ::~ ?: ~::~i~?: ~i~ii¢: i i?:~i~i~!! ?!!::!::?:iii?:?:! ii:: ~::i ::il ?: i::i !i::!?:~::!ii ?: ~::i::i ii:: 1992-93 0.9936 1.061 5 1.0547 1.5440 1993-94 1.0272 1.0687 1.0978 - -t .6949 *Appropriation limit for fiscal year ended Jutle 30th (calculated using base year) City of Tustin Summary of Appropriations Limit For the Ye. ars Ended June 30, 1987-1994 Exhibit ' B' Fiscal Year Appropriation Limit Amount Subject to the Limit Variance Over/(Under) 1987-88 $15,037,847 $11,727,140 ($3,310,707) 1988-89 $16,649,503 $14,275,605 ($2,373,898) 1989-90 $17,930,562 $14,580,062 ($3,350,500) 1990-91 $19,495,194 $14,536,578 ($4,958,616) 1991-92 $20,860,328 .'$17,321,698 ($3,538,630) 1992-93 $22,001,739 $16,317,522 ($5,684,217) 1993-94 $24,152,039 $19,037,168 ($5,114,871) Exhibit C City of Tustin Annual Appropriations Limit 1993-1994 Appropriations Limit And 1993-1994 Appropriations Subject To Limit Appropriations Limit for fiscal year ended June 30, 1987 (base year) 1993-94 Cumulative Growth Rate 1993-94 Appropriations Limit $14,249,831 1.6949 $24,152,039 Total Governmental Appropriations $31,927,105 Less: Non Proceeds of Tax PERS Unfunded Liability General Obligation Bonded Debt Use of Prior Years Reserves Net Appropriations Subject to Limit ($7,059,740) $0 $0 ($5,830,197) $19,037,168 1993-94 Appropriations Limit Variance Over/(under) 1993-94 Limit. $24,152,039 ($5,114,870) City of Tustin Annual Appr. opriations Limit 1993-94 Proceeds of Tax Computation (A)Taxes $16,903,803 $844,000 (B) License/Permits $243,160 $0 (C)Fines/Forfeitures $0 $311,000 (D)Revenue from Other Agencies $1,924,800 $2,710,318 (E)Charges for Services $0 $2,791,403 (F)Revenue from Use of Property Sub-Total $0 $150,500 $19,071,763 $6,807,221 (G)Use of Money $960,000 $707,481 $252,519 Total $19,779,244 $7,059,740 TOTAL GOVERNMENTAL REVENUES SUBJECT TO THE LIMIT $26,838,984 TOTAL GOVERNMENTAL APPROPRIATIONS SUBJECT TO THE LIMIT_ _ $31,927,105 1993-94 ANALYSIS OF REVENUES FOR THE GANN LIMIT EXHIBIT C-1 $CRIPTION PROCEEDS OF TAX NON-PROCEED OF TAX {A}TAXES PROPERTY TAX: GEN FUND CIV CTR ' $4,542,000 $0 FRANCHISE FEES: SALES TAX: TRANSIENT LODG: BUSINESS LIC: NEW CONST. TAX: BLDG PERMIT-E.TUS: NEW CONST.-E.TUS: REAL PROP.TRANS: TUS.ST. LT DIST: 'TUS. LANDSCAPE/LT. DIST: ::: :i.iiii~::TOTAL:TAXES:' i:i: :ii. ::: $0 $9,775,000 $92,000 $225 000 $3,000 $1,1 29 803 $230 000 $50 000 $459 000 $398 000 $16,903 803 $844,000 (B)LIC/PERMITS (D)REVENUE FROM OTHER AGENCIES GENERAL FUND: MOTOR VEH.IN-LIEU HOME PROP TX REL. TRAILER COACH CIGARETTE TX OFF HIGHWAY VEH POST REIMB SR. CTR GRANT H.C D A. ST. GRANT-DUI BICYCLE TRAIL FUNDS ASSET FORFEITURE STATE MANDATE SB90 GAS TAX FUND MEASURE "M" FUND CIV CTR BONDS HOME PROP TX REL. CALTRANS REIMB ~CAQMD ~RINE BASE CLOSURE TOTAL:REvFR OTHER AGN $1,838,000 $78,000 $8,000 $0 $8O0 $0 $1,924,800 $32,000 $0 $25,000 $56,000 $17.518 $25,000 $5,000 $1,302,800 -$.1,247,000 $45,000 $48,0O0 $530,000 $2,710,318 1993-94 ANALYSIS OF REVENUES FOR THE GANN LIMIT EXHIBIT C-2 DESCRIPTION PROCEEDS OF TAX NON-PROCEED OF TAX (E)CHARGES FOR SERVICES GENERAL FUND: PLAN CK FEES-E.T. ACCTS 4440-4460 CONTRIBUTION-NG EL CAMINO-UNDGRND SEWER CONST FUND LANDSCAPE/LIG HTING PERS CREDIT DEVELOPER SHARE LIBRARY MAINT. RECOVERY OF EXPENSE OTHER OTAL cH~RGES~FOR SERVI.CES i $441,237 $759,366 $0 $0 $1,500 $0 $0 $1,589,000 $0 $0 $300 (F)REVENUE FROM USE OF PROPERTY GENERAL FUND: FACILITY RENTAL FIRE STATION RENT PARK RENTAL SALE-UNCL PROP $0 $45,000 $30,500 $o $75,000 TOTAL REVENUES REVENUE FROM USE OF MONEY GENERAL FUND CAPITAL IMPROVEMENT FUND PARK DEVELOPMENT W/COMP HEALTH BENEFITS ToTAL~USEOF' MONEY · . . $19,071,763 $550,000 $300,000 $50,0OO $60,00O $0 $960,000 $6,807,221 1 2 3 4 5 9 10 11 12 13 14 15 16 17 18 19 20 21 23 24 25 2~ RESOLUTION 93-90 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, DETERMINING AND ADOPTING AN APPROPRIATIONS LIMIT FOR THE FISCAL YEARS 1987-1994 1N ACCORDANCE WITH ARTICLE XIIIB OF THE CONSTITUTION OF THE STATE OF CALIFORNIA, AND SECTION 7910 OF THE GOVERNMENT CODE. The City Council of The City of Tustin does hereby resolve as follows: WHEREAS, Article XIIIB was added to the Constitution of the State of California at a general election held November 6, 1979; and WHEREAS, an annual appropriation limit must be determined for this City effective for the fiscal year beginning July, 1993; and WHEREAS, the appropriations limit must be adhered to in preparing and adopting this City's Annual Budget. NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve and order as follows: Section I: In accordance with Article XIIIB of the Constitution of the State of California, and Section 7910 of the Government Code and as set forth in detail in the Attached Exhibit "A" that list the appropriations limit for the fiscals year beginning July, 1987 thru June, 1994. Section 2: The appropriations limit shall not be exceeded in the adopted budget nor by any proposed amendment to the budget. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin held on the 16th day of August , 1993. ATTEST: Jim Potts, Mayor Mary Wynn, City Clerk a: resolutn. [mt 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 23 24 25 26 27 28 City of Tustin Appropriation Limits For the Years Ended June 30, 1987-1994 Appropriations limit for fiscal year ended June 30, .1987 (baSe year) $14,249,831 ANNUAL ADJUSTMENT FACTORS: Fiscal Year Price Population Combined Factors Cumulative Factors* 1987-88 1.0347 1.0199 1.0553 1.0553 1988-89 1.0466 1.0579 1.1072 1.1684 1989-90 1.051 9 1.0238 1.0769 1.2583 1990-91 1.0421 1.0435 1.0874 1.3683 · '::::::::::::::: 5::::: :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: 1991-92 1.0414 1.0273 1.0698 1.4639 1992-93 0.9936 1.061 5 1.0547 1.5440 ============================================================================ ::; ;.:;::::::::::; 1993-94 1.0272 1.0687 1.0978 1.6949 *Appropriation limit for fiscal year ended June 30th (calculated using base year) Exhibit "A