Legislation Details

File #: HIST-17059    Version: 1 Subject:
Type: Historical Status: Consent Agenda
In control: City Council Meeting Agenda
On agenda: 6/13/2011 Final action: 6/13/2011
Title: Adoption of a Resolution Approving and Adopting the Annual Appropriations Limit for Fiscal Year 2011/2012.
Attachments: 1. Adoption of a Resolution Approving and Adopting th - C-2__11-06-13__CFO__CITY COUNCIL__Gann Limit - Fiscal 2011-12 - SR - FINAL.docx, 2. Adoption of a Resolution Approving and Adopting th - 11_06_13 - ATT_CFO_Appropriations Limit 11-12.pdf
City of Culver City, California Agenda Item Report RECOMMENDATION: Staff recommends the City Council adopt a Resolution approving and adopting the Annual Appropriations Limit for Fiscal Year 2011/2012. BACKGROUND/DISCUSSION: Proposition 4, approved by the voters on November 6, 1979, added Article XIII B to the State Constitution. Article XIII B places an appropriations limit on State and local governments and requires them to establish their appropriations limit by resolution each year at a regularly scheduled meeting or a noticed special meeting. As adopted in 1979, Article XIII B provided that Fiscal Year 1978/1979 would be considered the “base year” used to calculate the appropriations limit. Article XIII B was amended by the voters in 1990 through the approval of Proposition 111, which provided Fiscal Year 1986/1987 would become the “base year.” FISCAL ANALYSIS: As mentioned, the base year for calculating the appropriations limit is Fiscal Year 1986/1987. Each subsequent year, the total annual appropriations subject to the limit may not exceed the appropriations limit for the prior year adjusted for changes in the cost-of-living and city or county population. Based on the City Manager’s/Executive Director’s Proposed Budget for Fiscal Year 2011/2012, the Finance Department has calculated the City’s Fiscal Year 2011/2012 Appropriations Limit to be $81,159,589. The City’s Fiscal Year 2011/12 Meeting Date: 06/13/11 Item Number: C-2 CITY COUNCIL AGENDA ITEM: Adoption of a Resolution Approving and Adopting the Annual Appropriations Limit for Fiscal Year 2011/2012. Contact Person/Dept.: Mary V. Noller, Budget & Accounting Operations Phone Number: (310) 253-6012 Fiscal Impact: Yes [] No [X] General Fund: Yes [ ] No [X] Public Hearing: [] Action Item: [] Attachments: [X] Public Notification: (E-Mail) Agenda and Meetings – City Council (06/08/11); Notification published in the Culver City News on May 26, 2011 and June 2, 2011. Department Approval: Jeff Muir (06/07/11) City Attorney Approval: Carol Schwab (by H. Baker) (06/08/11) Chief Financial Officer Review: Jeff Muir (06/08/11) City Manager Approval: John M. Nachbar (06/08/11) City of Culver City, California Agenda Item Report appropriations from the proposed budget that are applicable to this limit are $44,811,329, which is $36,348,260 under the appropriations limit. ATTACHMENTS: 1. Proposed Resolution 2. Exhibit A – Analysis of Effect of Appropriations Limit on Estimated Revenue 3. Exhibit B – Appropriations Limit 4. Schedule I – Analysis of Estimated Revenues MOTION: That the City Council: Adopt a Resolution approving and adopting the annual Appropriations Limit for Fiscal Year 2011/2012. MEETING DATE: 6/13/11 AGENDA ITEM: Adoption of a Resolution Approving and Adopting the Annual Appropriations Limit for Fiscal Year 2011-12 ATTACHMENTS Pages 1. Proposed Resolution No. 2011-RXXX................................................................ 1 - 2 2. Exhibit A – Analysis of Effect of Appropriations Limit on Estimated Revenue .... 3 3. Exhibit B – Appropriations Limit.......................................................................... 4 4. Schedule I – Analysis of Estimated Revenues ..................................................... 5 – 6 12CITY OF CULVER CITY EXHIBIT A ANALYSIS OF EFFECT OF APPROPRIATIONS LIMIT ON ESTIMATED REVENUE FISCAL YEAR 2011-2012 Proposed Estimated Revenues for FY 2011-2012 161,335,662 $ Less Estimated Revenues for Enterprise Funds 40,526,129 $ Internal Service Funds 17,228,704 (57,754,833) Total Governmental Type Funds 103,580,829 Less Estimated Revenues not derived from the Proceeds of Taxes (see Schedule I) (48,085,951) Total Estimated Revenues derived from the Proceeds of Taxes (see Schedule I) 55,494,878 $ Less Voter Approved Indebtedness 0 Less Qualified Capital Outlay (10,495,906) Less Federal Mandates: PARS 49,233 FLSA-Fire 138,410 (187,643) Estimated Revenues subject to Appropriations Limit 44,811,329 $ Appropriations Limit FY 2011-2012 (Exhibit B) 81,159,589 Amount Under Limit 36,348,260 $ 3CITY OF CULVER CITY EXHIBIT B 2011-2012 APPROPRIATIONS LIMIT 1. FY 2010-2011 Appropriations Limit 78,872,647 $ 2. 2011-2012 Change in Per Capita Personal Income: 2.51% 3. 2011-2012 Change in Population: 0.16% 4. Ratio of Change: (1.0251 x 1.0038)* 1.0290 5. FY 2011-2012 Appropriations Limit 81,159,589 $ * Multiply FY 2010-2011 appropriations limit by the product of the percentage change in the California per capital personal income figure ([2.51 + 100]/100 = 1.0251) times the percentage change in the Los Angeles County population ([0.38 + 100]/100 = 1.0038) as provided by the Department of Finance. 4CITY OF CULVER CITY SCHEDULE I ANALYSIS OF ESTIMATED REVENUES FISCAL YEAR 2011-2012 PROCEEDS NON-PROCEEDS OF TAXES OF TAXES REVENUE GOVERNMENTAL TYPE FUNDS GENERAL FUND PROPERTY TAXES 3,925,000 $ - OTHER TAXES: Sales Tax 16,542,000 - Public Safety Sales Tax 342,000 - Transient Occupancy Tax 3,050,000 - Franchise Tax - 1,350,000 $ Business License Tax 10,050,000 - Real Property Transfer Tax 1,000,000 - Utility User Tax 15,120,000 - Com/Ind Development Tax 250,000 - TOTAL OTHER TAXES 46,354,000 $ 1,350,000 $ LICENSES AND PERMITS - 1,949,310 FINES, FORFEITURES AND PENALTIES - 4,099,700 USE OF MONEY AND PROPERTY - 329,000 CHARGES FOR CURRENT SERVICE - 11,705,027 INTER FUND/DEPARTMENTAL - 5,100,030 INTERGOVERNMENTAL 3,396,727 234,500 OTHER REVENUE - 242,230 TOTAL GENERAL FUND BEFORE INTEREST 53,675,727 $ 25,009,797 $ PERCENT 68.2% 31.8% INTEREST 244,894 114,106 TOTAL GENERAL FUND 53,920,621 $ 25,123,903 $ 5CITY OF CULVER CITY SCHEDULE I ANALYSIS OF ESTIMATED REVENUES FISCAL YEAR 2011-2012 PROCEEDS NON-PROCEEDS OF TAXES OF TAXES GRANTS OPERATING FUND - 1,217,003 $ BUILDING SURCHARGE FUND - 78,000 SECTION 8 FUND - 1,790,306 PROP A LOCAL RETURN - 674,000 PROP C LOCAL RETURN - 479,919 COMMUNITY DEVELOPMENT IMPACT FEES - 6,000 SPECIAL GAS FUND - 1,082,000 PARK FACILITIES - 35,000 PARKING IMPROVEMENT - 1,131,500 CAPITAL IMPROVEMENT AND ACQUISITION - 1,654,000 GRANTS CAPITAL - - CDBG BLOCK GRANT FUNDS - 72,097 ASSET SEIZURE FUND - - ART IN PUBLIC PLACES - 149,645 LANDSCAPE MAINTENANCE DISTRICT - 120,578 CO-OP AGREEMENTS - 14,117,000 TRAFFIC CONGESTION RELIEF FUND - - MEASURE R FUNDS - 355,000 GRAND TOTAL 53,920,621 $ 48,085,951 $ |1013|