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HomeMy WebLinkAboutE-12 Staff Report-FY1718 Gann LimitCONSENT ITEM E-12 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL VIA: TROY L. BUTZLAFF, ICMA-CM, CITY MANAGER FROM: TALIKA JOHNSON, DIRECTOR OF FINANCE DATE: JUNE 19, 2017 SUBJECT: ADOPTION OF GANN APPROPRIATIONS LIMIT FOR FY 2017-18 SUMMARY: Pursuant to State Law, each local government must adopt an Annual Appropriation Limit. The proposed action will approve Resolution No. 2017-C49 adopting the City’s Annual Appropriation Limit as required by law. RECOMMENDATION: Staff recommends that the City Council take the following action: 1) Adopt Resolution No. 2017-C49, approving and adopting the Annual Appropriations Limit for the Fiscal Year 2017-18 in the Amount of $255,638,416. DISCUSSION: In 1980, California voters adopted Article XIIIB of the California State Constitution, commonly referred to as the Gann Initiative or Gann Appropriations Limit, placing limits on the amount of tax proceeds that state and local agencies can appropriate each year. The City’s limit is adjusted each year for inflation, population, and other factors. On June 5, 1990, Proposition 111 was voted into California Law. Among other provisions, Proposition 111 provided for changes in the calculation of the Gann Appropriation Limit. The annual adjustments to the spending limit were liberalized by Proposition 111 to be more closely linked to the rate of economic growth. Beyond local inflation and population factors, the provisions allow a city to use the higher of the percentage growth in personal income or the percent increase in the local tax roll due to non-residential property construction. Additionally, cities can choose to use the rate of change in population either within the city or county, whichever is higher. The City utilized elements of these adjustment factors in calculating the annual Gann Appropriation Limit. Based on calculations attached to the Resolution, the City is under the cap for FY 2017-18 by $224,644,638. FISCAL IMPACT: There is no fiscal impact associated with the recommended action. APPROVED CITY COUNCIL 6/19/2017 Gann Appropriations Limit FY 2017-18 June 19, 2017 Page 2 Prepared by: Reviewed and Approved: Richard Lam Talika M. Johnson Budget Analyst Director of Finance Reviewed and Approved: Reviewed and Approved: Louie F. Lacasella Troy L. Butzlaff, ICMA-CM Management Analyst City Manager Attachments: 1) Resolution No. 2017-C49 2) Exhibit A - FY 2017-18 Annual Appropriations Calculation 3) Exhibit B – FY 2017-18 Appropriations Subject to Annual Limit RESOLUTION NO. 2017-C49 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2017-18 IN THE AMOUNT OF $255,638,416 WHEREAS, in June of 1990, the voters of the State of California enacted Proposition 111, "The Traffic Congestion Relief and Spending Limitation Act of 1990"; and WHEREAS, this Act amended Article XIIIB of the Constitution of the State of California regarding spending limitations of cities; and WHEREAS, Article XIIIB of the California Constitution provides that the total annual appropriations subject to limitation of each governmental entity, including this City, shall not exceed the appropriation limit of such entity of government for the prior year, adjusted for changes in the cost of living or personal income and population, except as otherwise provided for in said Article XIIIB and implementing State Statutes; and WHEREAS, pursuant to said Article XIIIB of said California Constitution, and Section 7900 et seq. of the California Government Code, the City is required to set its appropriation limit for each fiscal year; and WHEREAS, the Director of Finance of the City of Azusa has caused a technical review to be made of the documentation for the City's said appropriation limitation, and has caused the numbers upon which the City's appropriation limit is based to be researched and said limit to be calculated; and WHEREAS, based on such calculations, as described in the attached documentation as Exhibit A and B, the Director of Finance has determined the said appropriation limit and, pursuant to Section 7910 of the said California Government Code, has made available to the public the documentation used in the determination of said appropriation limit; and WHEREAS, the City Council elects to utilize said calculations, which are attached for reference. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Azusa, California, that said appropriation limit for Fiscal Year 2017-18 shall be adopted in the amount of $255,638,416 for said Fiscal Year. PASSED, APPROVED and ADOPTED this 19th day of June, 2017. ___________________________________ Joseph Romero Rocha Mayor ATTEST: ___________________________________ Jeffrey Lawrence Cornejo, Jr. City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF AZUSA ) I HEREBY CERTIFY that the foregoing Resolution No. 2017-CXX was duly adopted by the City Council of the City of Azusa at a regular meeting thereof, held on the 19th day of June, 2017, by the following vote of Council: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: ___________________________________ Jeffrey Lawrence Cornejo, Jr., City Clerk APPROVED AS TO FORM: ___________________________________ Best Best & Krieger, LLP City Attorney EXHIBIT A ANNUAL APPROPRIATIONS LIMIT CALCULATION FOR FISCAL YEAR 2017-18 Inflation Factor (selected higher of the following): Growth in the 3.69% State 1.0369 Factor California per Department of capita personal Finance income Growth in the 7.52% Hdl Coren & 1.0752 Factor Selected for non-residential Cone Calculation assessed valuation due to new construction within the City Population Factor (selected higher of the following): City 0.68% State 1.0068 Factor Selected for Department of Calculation Finance County 0.57% State 1.0057 Factor Department of Finance Annual Limits Calculation: Appropriations Limit for Fiscal Year 2016-17: 236,153,102$ (A) Adjustment factors for Fiscal Year 2017-18: Inflation Factor (B)Population Factor (C) 1.0752 1.0068 Combined Factor (B times C) 1.08251 0.08251 (D) Adjustment for inflation and population (A times D): 19,485,314 Appropriations Limit for Fiscal Year 2017/18: 255,638,416$ EXHIBIT B APPROPRIATIONS SUBJECT TO THE ANNUAL LIMIT FOR FISCAL YEAR 2017-18 A. PROCEEDS OF TAXES Property Tax 10,356,205$ Non-Property Tax 17,543,673 Licenses and Permits 3,049,900 Intergovernmental Revenues 0 TOTAL PROCEEDS OF TAXES 30,949,778 B. EXCLUSION 0 C. NET INVESTED PROCEEDS OF TAXES 30,949,778 D. INTEREST ALLOCATION 44,000 E. APPROPRIATIONS SUBJECT TO LIMIT 30,993,778 F. APPROPRIATIONS LIMIT FOR FY 2017-18 (EXHIBIT A) 255,638,416 G. FY 2017-18 APPROPRIATIONS OVER/(UNDER) LIMIT (224,644,638)$