The URL can be used to link to this page

Home My WebLink About08 APPROPRIATION LIMIT FOR FISCAL YEAR 2019/2020MEETING DATE: JUNE 18, 2019 TO: MATTHEW S. WEST, CITY MANAGER FROM: JOHN A. BUCHANAN, DIRECTOR OF FINANCE SUBJECT: APPROPRIATION LIMIT FOR FISCAL YEAR 2019/2020 SUMMARY: Article XIII B of the State Constitution requires each City to annually adopt a limit on appropriations for all governmental funds. The following recommendation and attached worksheets are based on the FY2019-2020 Proposed Budget as presented to the City Council on June 4, 2019 and subsequently amended. RECOMMENDATION: 1. Select the change in the California per Capita Personal Income as the price factor for adjusting the Fiscal Year 2019/2020 appropriations limit. 2. Adopt Resolution No. 19-30 setting the appropriation limit for Fiscal Year 2019/2020 at $94,144,067. CORRELATION TO THE STRATEGIC PLAN The adoption of the fiscal year 2019/2020 Appropriation Limit implements strategy number three (3) of Goal C. FISCAL IMPACT: None. BACKGROUND: Article XIII B 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 the limit is allowed to grow based on the annual increase in population and U. S. CPI / California per Capita Personal Income, whichever is less. City Council Agenda Report June 18, 2019 Appropriation Limit for FY 2019/20 Page 2 Proposition 111 was approved by voters in 1990 changing the base year from 1978/79 to 1986/87 and amending the adjustment formulas to make the Appropriation Limit more responsive to local growth patterns. It also required a 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 1987/1988 through 2019/2020. Worksheets #1-5 go through the various calculations that are required in conformance with the League of California Cities uniform guidelines for calculating the annual appropriation limit. Worksheet #5 goes through the steps necessary to calculate the current limit of $94,144,067. Worksheet #3 carries forward the proceeds of taxes from Worksheet #2 and compares them with the current year's limit from Worksheet #5. The result shows the City of Tustin is below its allowable spending limit for Fiscal Year 2019/2020 by $24,063,699. Ooh A. Buchanan fir ctor of Finance Attachments: Exhibit A Worksheet #1 Worksheet #2 Worksheet #3 Worksheet #4 Worksheet #5 Resolution No. 19-30 Sean Tran Deputy Finance Director —Admin. Svs. Glenda Babbitt Management Analyst I I:]�Yo]to] 9to] 01us] E11100191X A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, DETERMINING AND ADOPTING AN APPROPRIATION LIMIT FOR THE FISCAL YEAR 2019- 2020 IN ACCORDANCE WITH ARTICLE XIII B 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 XIII B was added to the Constitution of the State of California at a general election held November 6, 1989; and WHEREAS, an annual appropriation limit must be determined for this City effective for the fiscal year beginning July 1, 2019; and WHEREAS, the appropriation 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 1: In accordance with Article XIII B 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 the appropriation limit for the fiscal year beginning July 1, 2019 through June 30, 2020 is $94,144,067. Section 2: The appropriation limit shall not be exceeded in the adopted budget or 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 18TH day of June, 2019. Resolution 19-30 Page 1 of 2 CHARLES E. PUCKETT, Mayor ERICA N. YASUDA, City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) I, Erica N. Yasuda, City Clerk and ex -officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 19-30 was duly passed and adopted at a regular meeting of the Tustin City Council, held on the 18TH day of June, 2019, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: ERICA N. YASUDA, City Clerk Resolution 19-30 Page 2 of 2 Exhibit A City of Tustin Appropriations Limits Appropriations Limit for the Base Year Ending June 30, 1987: $14,249,831 (a) (b) (a)x(b) Per Capita City/County Current P. Income Population Calculation Cumulative Amended Fiscal Year Change Change Factor Factor Limit 1987-88 1.0347 1.0199 1.0553 1.0553 $15,037,847 1988-89 1.0466 1.0579 1.1072 1.1684 $16,649,876 1989-90 1.0519 1.0238 1.0769 1.2583 $17,930,838 1990-91 1.0421 1.0435 1.0874 1.3683 $19,498,555 1991-92 1.0414 1.0273 1.0698 1.4639 $20,860,143 1992-93 0.9936 1.0615 1.0547 1.5440 $22,001,327 1993-94 1.0272 1.0687 1.0978 1.6949 $24,152,367 1994-95 1.0071 1.0415 1.0489 1.7778 $25,333,288 1995-96 1.0472 1.0508 1.1004 1.9563 $27,876,693 1996-97 1.0467 1.0373 1.0857 2.1240 $30,266,894 1997-98 1.0467 1.0283 1.0763 2.2861 $32,576,913 1998-99 1.0415 1.0337 1.0766 2.4612 $35,072,257 1999-00 1.0453 1.0396 1.0867 2.6746 $38,112,807 2000-01 1.0491 1.0401 1.0912 2.9185 $41,587,510 2001-02 1.0782 1.0172 1.0967 3.2008 $45,610,895 2002-03 0.9873 1.0143 1.0014 3.2053 $45,675,589 2003-04 1.0231 1.0124 1.0358 3.3201 $47,310,156 2004-05 1.0328 1.0090 1.0421 3.4598 $49,301,686 2005-06 1.0526 1.0113 1.0645 3.6829 $52,481,368 2006-07 1.0396 1.0163 1.0565 3.8912 $55,448,952 2007-08 1.0442 1.0110 1.0557 4.1079 $58,536,694 2008-09 1.0429 1.0258 1.0698 4.3946 $62,622,954 2009-10 1.0062 1.0147 1.0210 4.4869 $63,937,481 2010-11 0.9746 1.0139 0.9881 4.4337 $63,179,627 2011-12 1.0251 1.0039 1.0291 4.5627 $65,018,020 2012-13 1.0377 1.0105 1.0486 4.7845 $68,177,626 2013-14 1.0512 1.0178 1.0699 5.1189 $72,944,017 2014-15 0.9977 1.0037 1.0014 5.1261 $73,045,518 2015-16 1.0382 1.0160 1.0548 5.4070 $77,049,230 2016-17 1.0537 1.0216 1.0765 5.8204 $82,940,408 2017-18 1.0369 1.0069 1.0441 6.0769 $86,594,316 2018-19 1.0367 1.0069 1.0439 6.3434 $90,391,756 2019-20 1.0385 1.0029 1.0415 6.6067 $94,144,067 19-20 Factors as reported by the State Department of Finance Per Capita Personal Income change over Prior Year: 3.85% Population Change: City of Tustin: -0.47% Orange County: 0.29% FY 2019-2020 Expenditure Limit: $94,144,067 FY 2019-2020 Proposed GF Budget: $70,080,368 Estimated (Over)/Under Limit: $24,063,699 B. http://www.dof.ca.gov/budgeting/ Following is an example using sample population change and the change in California per capita personal income as growth factors in computing a 2019-20 appropriation limit - 2419 -20, Per Capita Cost of Living Change = 3.85 percent Population Change = 0.47 percent Per Capita Cost of Living converted to a ratio: 3,85 + 100 = 1.0385 100 Population converted to a ratio: 0.47 + 100 = 1.0047 100 Calculation of factor for FY 2019-20: 1.0385 x 1.0047 = 1.0434 Fiscal Year 2019-20 'Exclusions Include residents on federal military installations and group quarters residents in state mental institutions, state and federal correctional institutions and veteran homes. Attachment B Annual Percent Change in Population Minus Exclusions' January 1, 2018 to January 1, 2019 and Total Population, January 1, 2019 county Percent Chanae - PooulaUon [Minus Exclusions - Total Population city 2a16-xa7 9 1-1-1 ti 1-1-19 1-1-2019 Orange Aliso Viejo -0.57 51,864 51,372 51,372 Anaheim 0.18 368,686 359,322 359,339 Brea 2.40 44,539 45,606 45,606 Buena Park -0.25 83,594 83,384 83,384 costa Mesa 1.17 114,396 115,739 115,830 Cypress 0.12 49.774 49,833 49,833 Dana Point -0.34 34,.365 34,249 34,249 Fountain Valley -0.46 56,994 56,652 56,652 Fullerton -0.34 143,313 142.,824 142,824 Garden Grove 0.12 174,951 175,155 175,155 Huntington Beach 0.82 202,097 203,761 203,761 Irvine 2.24 274,055 280,202 280,202 Laguna Beach -0.49 23,474 23,358 23,358 Laguna Hills -0.56 31,751 31,572 39,572 Laguna Niguel 1.48 65,777 66,748 66,748 Laguna Woods -0.57 16,612 16,518 96,518 La Habra 1.57 62,558 63.542 63,542 Lake Forest 1.53 85,048 86,346 86,346 La Palma -0.59 15,914 15,820 15,624 Las Alamitos -0.58 11,790 11,721 11,721 Mission Viejo -0.44 g6,856 96.434 96,434 Newport Beach --0.50 87,614 87,180 87,180 Orange 0.41 141,116 141,691 141,691 Placentia -0.51 52,602 52,333 52,333 Rancho Santa Margarita -0.56 49,238 48,960 48,960 San Clemente -0.50 65,732 65,405 65,405 San Juan Capistrano 0.77 36,541 36,821 36,821 Santa Ana, -0.44 339,192 337,716 337,716 Seal Beach -0.54 24,606 24,473 25,073 Stanton -0.45 39,483 39.307 39,307 Tustin _ -0.47 81,755 81,369 81,369 Villa Park -0,47 5.961 5,933 5,933 Westminster -0.46 93,035 92,610 92,610 Yorba Linda -0.14 68,804 68,706 68,706 Unincorporated 0.31 128,726 129,128 129,128 County Total 0.29 3,212,533 3,221,790 3,222,498 'Exclusions Include residents on federal military installations and group quarters residents in state mental institutions, state and federal correctional institutions and veteran homes. Worksheet #1 User Fees Versus Cost Fiscal Year 2019-20 Based on 2019-20 Budget Projections Difference Program Fees Expenses Tax/(non-Tax) Parks & Recreation Services Administration: 4466 -Non -Residential Fees Sports: 4449 -Sports Fees 4720 -Sports Fee -Youth 4721 -Sports Fee -Tennis Classes: 4450-Cla55e5/Cultural Arts 4711 -Day Camp Senior Programs: 4452 -Senior Classes Support Services: 4713 -CT Gym Rentals Tustin Youth Center: 3663 -Park and Building Rentals 1,244,650 16,500 16,500 1,244,650 -1,228,150 1,076,100 160,000 80,000 50,000 290,000 1,076,100 -786,100 825,175 330,000 133,000 463,000 825,175 -362,175 577,200 74,500 74,500 577,200 -502,700 372,050 0 0 372,050 -372,050 416,050 350,000 350,000 416,050 -66,050 Total 1,194,000 4,511,225 -3,317,225 6/11/2019 Page 4 of 13 CITY OF TUSTIN PROPOSED PERSONNEL BUDGETING FY 2019-2021 18-19 18-19 18-19 19-20 19-20 20-21 20-21 CURRENT YTD VACAN- PROPOSED NEW PROPOSED NEW POSITION CONTROL REPORT BUDGET ACT CIES BUDGET REQ BUDGET REQ City Clerk Administrative Assistant 2.50 2.50 2.50 2.50 City Clerk 1.00 1.00 1.00 1.00 Management Analyst 1/11 1.00 1.00 - 1.00 1.00 - 4.60 4.50 0.00 4.50 4.50 0.00 LEGISLATION TOTAL 4.50 0.00 4.50 0.00 4.50 4.50 ADMINISTRATION City Manager's Office City Manager 1.00 0.00 1.00 1.00 - Assistant City Manager 1.00 1.00 1.00 1.00 Executive Assistant 1.00 1.00 1.00 1.00 Executive Coordinator 1.00 1.00 1.00 1.00 Senior Management Analyst 1.00 1.00 1.00 1.00 - 6.00 4.00 5.00 5.00 0.00 Economic Development Executive Assistant 1.00 1.00 - 1.00 - 1.00 - Deputy Director - Econ. Dev. 1.00 2.00 1.00 2.00 1.00 2.00 Director, Economic Development 0.00 0.00 - - - - Senior Management Analyst 2.00 1.00 1.00 (1.00) 1.00 Management Analyst II 1.00 1.00 1.00 1.00 Management Assistant 1.00 1.00 - 1.00 1.00 - 6.00 6.00 0.00 6.00 6.00 0.00 Finance Accountant 1.00 1.00 - 1.00 1.00 - Deputy Director - Finance 2.00 2.00 2.00 2.00 Director, Finance 1.00 1.00 1.00 1.00 Executive Assistant 1.00 1.00 1.00 1.00 Management Analyst 1/11 1.00 1.00 1.00 1.00 Senior Accountant 1.00 1.00 1.00 1.00 Senior Management Assistant 2.00 2.00 2.00 2.00 Senior Accounting Specialist 1.00 1.00 - 1.00 1.00 - 10.00 10.00 0.00 10.00 10.00 0.00 Human Resources Administrative Assistant 0.50 0.50 - 0.50 0.50 - Director, Human Resources 1.00 1.00 1.00 1.00 Management Analyst 1/11 0.75 0.75 0.75 0.75 Management Assistant 2.00 2.00 2.00 2.00 Senior Management Analyst 1.00 1.00 - 1.00 1.00 - 6.26 5.25 0.00 5.25 5.25 0.00 Information Technology IT Specialist 3.00 3.00 - 3.00 3.00 - Senior Information Tech Specialist 2.00 0.00 (2.00) 2.00 2.00 - 6.00 3.00 (2.00) 5.00 5.00 0.00 ADMINISTRATION TOTAL 31.25 0.00 28.25 (3.00) 31.25 31.25 Position Details 1 6/11/2019 Work Sheet #2 Calculation of Proceeds of Tax Year 2019-20 -19 Budget Projections Acct # Description 100 -General Fund Proceeds Non -Proceeds 200-CIP Fund Proceeds Non -Proceeds 133-SCAQMD 134 -Asset Forfeiture Proceeds Non -Proceeds Proceeds Non -Proceeds 31xx Property Taxes $12,961,716 3130 AB1290 Pass Thru $150,000 32xx Franchise Fees $1,942,000 3330 Sales Tax $24,958,600 3331 Transient Occupancy Tax $2,080,000 3332 Business License $430,000 3333 Real Property Tax $525,000 3334 New Const Tax $108,294 3340 Prop 172 -Sales Tax $330,000 3343 Planning Plan Check $108,704 3344 Planning Permit / Inspection $155,292 34xx License/Permits $1,319,980 xxxx Fees & Other Permits $337,700 35xx Fines & Forfeitures $922,000 3660 Interest Income $430,000 $1,000 36xx Use of property $1,968,403 37xx Rev from other Agencies $35,000 $2,835,791 $95,900 3772 Motor Vehicle License Fee $8,267,800 41xx Grants $70,000 44xx Sports Fees $290,000 44xx Class/Pec Fees $330,000 4xxx Other Recreation Fees $207,500 48xx Transfers In $8,737,416 xxxx All Other Sources $1,612,000 $3,044,650 Sub Total $50,241,410 $18,035,995 $0 $5,880,441 $1,000 $95,900 $0 $0 Fund Total $68,277,405 Fund Total $5,880,441 Fund Total $96,900 Fund Total $0 6/11/2019 Page 5 of 13 Year 2019-20 -19 Budget Projections Acct # Description 31xx Property Taxes 32xx Franchise Fees 3330 Sales Tax 3331 Transient Occupancy Tax 3332 Business License 3333 Real Property Tax 3334 New Const Tax 3340 Prop 172 -Sales Tax 34xx License/Permits 35xx Fines & Forfeitures 3660 Interest Income 36xx Use of property 37xx Rev from other Agencies 3772 Motor Vehicle License Fee 41xx County Grants 44xx Sports Fees 44xx Class/Pec Fees 44xx Service Charges 48xx Transfers In xxxx All Other Sources Sub Total Work Sheet #2 Calculation of Proceeds of Tax 138 -Measure M 139 -Measure M2 130 -Gas Tax 131/132 -Park Dev Proceeds Non -Proceeds Proceeds Non -Proceeds Proceeds Non -Proceeds Proceeds Non -Proceeds $ 50,000 $1,646,900 $ 65,000 $2,166,100 $ 20,000 $ 207,400 $16,500 $0 $0 $50,000 $1,646,900 $65,000 $2,166,100 $20,000 $223,900 Fund Total $0 Fund Total $1,696,900 Fund Total $2,231,100 Fund Total $243,900 6/11/2019 Page 6 of 13 Year 2019-20 -19 Budget Projections Acct # Description 31xx Property Taxes 32xx Franchise Fees 3330 Sales Tax 3331 Transient Occupancy Tax 3332 Business License 3333 Real Property Tax 3334 New Const Tax 3340 Prop 172 -Sales Tax 34xx License/Permits 35xx Fines & Forfeitures 3660 Interest Income 36xx Use of property 37xx Rev from other Agencies 3772 Motor Vehicle License Fee 41xx County Grants 44xx Sports Fees 44xx Class/Pec Fees 44xx Service Charges 48xx Transfers In xxxx All Other Sources Sub Total Work Sheet #2 Calculation of Proceeds of Tax 136 -Supplemental Law 120-CDBG 141-Landscape/Light Dist. 142 -Street Light Dist. Proceeds Non -Proceeds Proceeds Non -Proceeds Proceeds Non -Proceeds Proceeds Non -Proceeds $176,000 $1,448,900 $669,000 $ 551,000 $1,150,000 $10,000 $0 $176,000 $0 $1,448,900 $669,000 $551,000 $1,150,000 $10,000 Fund Total $176,000 Fund Total $1,448,900 Fund Total $1,220,000 Fund Total $1,160,000 6/11/2019 Page 7 of 13 Year 2019-20 -19 Budget Projections Acct # Description 31xx Property Taxes 32xx Franchise Fees 3330 Sales Tax 3331 Transient Occupancy Tax 3332 Business License 3333 Real Property Tax 3334 New Const Tax 3340 Prop 172 -Sales Tax 34xx License/Permits 35xx Fines & Forfeitures 3660 Interest Income 36xx Use of property 37xx Rev from other Agencies 3772 Motor Vehicle License Fee 41xx County Grants 44xx Sports Fees 44xx Class/Pec Fees xxxx Service Charges / Cost Recovery 48xx Transfers In xxxx All Other Sources Sub Total Work Sheet #2 Calculation of Proceeds of Tax 181 -Workers Comp. 182 -Liability Fund 184 -Equipment Replacement 185 -Information Technology Proceeds Non -Proceeds Proceeds Non -Proceeds Proceeds Non -Proceeds Proceeds Non -Proceeds $10,000 $1,074,300 $1,101,000 $ 315,000 $519,100 $3,364,600 $225,000 $10,000 $1,074,300 $0 $1,101,000 $0 $834,100 $0 $3,589,600 Fund Total $1,084,300 Fund Total $1,101,000 Fund Total $834,100 Fund Total $3,589,600 6/11/2019 Page 8 of 13 Work Sheet #2 Calculation of Proceeds of Tax Year 2019-20 -19 Budget Projections 186-Oblg Reimb Frm Successor Agncy Acct # Description Proceeds Non -Proceeds 31xx Property Taxes 32xx Franchise Fees 3330 Sales Tax 3331 Transient Occupancy Tax 3332 Business License 3333 Real Property Tax 3334 New Const Tax 3340 Prop 172 -Sales Tax 34xx License/Permits 35xx Fines & Forfeitures 3660 Interest Income 36xx Use of property 37xx Rev from other Agencies 3772 Motor Vehicle License Fee 41xx County Grants 44xx Sports Fees 44xx Class/Pec Fees xxxx Service Charges / Cost Recovery 48xx Transfers In xxxx All Other Sources Sub Total $11,000 187 -Backbone Fee Fund 189 -Land Held for Resale 140 -Road Maint & Rehab Alloc Proceeds Non -Proceeds Proceeds Non -Proceeds Proceeds Non -Proceeds $ 500,000 $ 500,000 $1,353,300 $2,500,000 $11,000 $0 $500,000 $0 $500,000 $2,500,000 $0 $1,353,300 Fund Total $11,000 Fund Total $500,000 Fund Total $3,000,000 Fund Total $1,353,300 6/11/2019 Page 9 of 13 Work Sheet #2 Calculation of Proceeds of Tax Year 2019-20 -19 Budget Projections 171- Solid Waste 129 - Cable PEG Fees 180 -Special Events 183 -Unemployment Acct # Description Proceeds Non -Proceeds Proceeds Non -Proceeds Proceeds Non -Proceeds Proceeds Non -Proceeds 31xx Property Taxes 32xx Franchise Fees $210,000 $150,000 3330 Sales Tax 3331 Transient Occupancy Tax 3332 Business License 3333 Real Property Tax 3334 New Const Tax 3340 Prop 172 -Sales Tax 34xx License/Permits 35xx Fines & Forfeitures 3660 Interest Income 36xx Use of property 37xx Rev from other Agencies 3772 Motor Vehicle License Fee 41xx County Grants 44xx Sports Fees 44xx Class/Pec Fees xxxx Service Charges / Cost Recovery 48xx Transfers In $50,000 xxxx All Other Sources $7,500 $404,000 Sub Total $0 $217,500 $0 $150,000 $0 $404,000 $0 $50,000 Fund Total $217,500 Fund Total $150,000 Fund Total $404,000 Fund Total $50,000 Totals: Proceeds Non -Proceeds Total Fund Totals $53,217,410 $41,508,936 $94,726,346 Interest Only $1,587,000 $10,000 $1,597,000 6/11/2019 Page 10 of 13 Worksheet #3 Appropriations Subject to Limit Year 2018-19 -19 Budget Projections Amount Source A. Proceeds of Taxes $50,241,410 From Work Sheet #2 Exclusions C. Appropriations Subject to Limit D. Current Year Limit E. Over/(Under) Limit $0 $50,241,410 (A -B) $94,144,067 From Work Sheet #5 ($43,902,657) (C - D) 6/11/2019 Page 11 of 13 Worksheet #4 Population Increase d Year 2018-19 3-19 Budget Projections 6/11/2019 Page 12 of 13 County mpute Limit to: City population Increase Population Increase 2005/06 01/01/04 70,408 3,021,203 01/01/05 70,871 0.66% 3,055,493 1.13% 2006/07 01/01/05 70,617 3,045,682 01/01/06 71,767 1.63% 3,071,035 0.83% 2007/08 01/01/06 71,754 3,071,222 01/01/07 72,542 1.10% 3,097,008 0.84% 2008/09 01/01/07 72,348 3,088,594 01/01/08 74,218 2.58% 3,120,181 1.02% 2009/10 01/01/08 73,743 3,106,872 01/01/09 74,825 1.47% 3,138,438 1.02% 2010/11 01/01/09 74,736 3,134,276 01/01/10 75,773 1.39% 3,165,962 1.01% 2011/12 01/01/10 75,488 3,008,356 01/01/11 75,781 0.39% 3,029,408 0.70% 2012/13 01/01/11 75,772 3,027,832 01/01/12 76,567 1.05% 3,054,832 0.89% 2013/14 01/01/12 76,618 3,056,919 01/01/13 77,983 1.78% 3,080,859 0.78% 2014/15 01/01/13 78,071 3,084,324 01/01/14 78,360 0.37% 3,113,088 0.93% 2015/16 01/01/14 78,347 3,113,306 01/01/15 79,601 1.60% 3,146,789 1.08% 2016/17 01/01/15 80,968 3,151,043 01/01/16 82,717 2.16% 3,182,175 0.99% 2017/18 01/01/16 82,015 3,171,408 01/01/17 82,372 0.44% 3,193,280 0.69% 2018/19 01/01/17 82,291 3,198,224 01/01/18 82,344 0.06% 3,220,361 0.69% 6/11/2019 Page 12 of 13 Worksheet #5 Appropriations Limit Year 2018-19 -19 Budget Projections Amount Source A. Last Years Limit $90,391,756 From Exhibit A B. Adjustment Factors 1. Population 2. Price factor C. Annual Adjustments D. Other Adjustments Sub Total E. Current Year Limit 1.0029 Dept of Finance 1.0385 Dept of Finance 1.0415 (131*132) $3,752,311 (B -A) $0 $3,752,311 (C+D) $94,144,067 (A+E) 6/11/2019 Page 13 of 13