Loading...
HomeMy WebLinkAbout101-Gann Limit Report.pdf SARATOGA CITY COUNCIL MEETING DATE: June 3, 2009 AGENDA ITEM: DEPARTMENT: Finance & Admin Services CITY MANAGER: Dave Anderson PREPARED BY: Mary Furey DIRECTOR: Mary Furey SUBJECT: Fiscal Year 2009/10 Gann Appropriation Limit RECOMMENDED ACTION Adopt resolution approving the Gann Appropriations Limit for FY 2009/10. REPORT DISCUSSION On November 6, 1979, California voters approved Proposition 4, commonly known as the Gann Spending Limitation Initiative, establishing Article XIIIB of the California State Constitution. This proposition, which became effective in fiscal year 1980/81, mandated an appropriations (spending) limit on the amount of tax revenues that the State and most local government jurisdictions may appropriate within a fiscal year. This limit grows annually by a population and cost-of-living factor. The State Appropriation Limit was since modified by two subsequent initiatives - Proposition 98 in 1988 and Proposition 111 in 1990. Proposition 98 established the return of tax revenues exceeding appropriation limit levels to citizens through a process of refunds, rebates, or other means. Proposition 111 allowed more flexibility in the appropriation calculation factors. Only tax proceeds are subject to this limit. Charges for services, fees, grants, loans, donations and other non-tax proceeds are excluded. Exemptions are also made for voter-approved debt which existed prior to January 1, 1979, and for the cost of compliance with court or Federal government mandates. The City Council adopts an annual resolution establishing an appropriations limit for the following fiscal year using population and per capita personal income data provided by the State of California’s Department of Finance. Each year’s limit is based on the amount of tax proceeds that were authorized to be spent in fiscal year 1978/79, with inflationary adjustments made annually to reflect increases in population and the cost of living. The California Department of Finance distributes the annual percentage change per capita personal income and the percentage population change within the City and the County to jurisdictions on May 1st each year. The County’s percentage increase in population change is combined with the State’s change in per capita income to determine the City’s appropriation factor. The current year’s appropriation limit is then increased by this appropriation factor to calculate the Gann Appropriation Limit for the following fiscal year. The calculation for the FY 2009/10 limit is as follows: % Increase in California 2008/09 2009/10 County Per Capita Appropriation Appropriation Appropriation Population Income Δ Factor Limit Limit 1.0156 X 1.0062 =1.0219 X 30,592,105$ =31,261,971$ FY 2009/10 Calculation Summary: The Gann Appropriation Limit establishes the maximum amount of tax revenue proceeds the City may appropriate in the following fiscal year. The City’s proposed budget for FY 2009/10 anticipates $9,941,500 in Gann designated tax revenues, which is $21,320,471 less than the appropriation limit of $31,261,971. Conclusion: It is recommended that the Council adopt the resolution approving the FY 2009/10 Gann Appropriation Limit of $31,261,971 CONSEQUENCES OF NOT FOLLOWING RECOMMENDED ACTION The City would not be in compliance with Article XIIIB of the State of California Constitution. ALTERNATIVE ACTION N/A FOLLOW UP ACTION N/A ADVERTISING, NOTICING AND PUBLIC CONTACT N/A ATTACHMENTS A - Gann Appropriation Limit Factors and Calculation B – Resolution Attachment A For Beginning County City Per Ending % YE Population Population Capita Limit Limit Factor Factor Income Limit Increase 1995 13,793,609 1.0160 1.0050 1.0071 14,113,809 2.32% 1996 14,113,809 1.0170 1.0227 1.0472 15,115,486 7.10% 1997 15,115,486 1.0108 1.0071 1.0467 15,992,250 5.80% 1998 15,992,250 1.0216 1.0289 1.0467 17,222,848 7.69% 1999 17,222,848 1.0212 1.0154 1.0415 18,317,873 6.36% 2000 18,317,873 1.0173 1.0072 1.0453 19,478,927 6.34% 2001 19,478,927 1.0163 1.0055 1.0491 20,768,439 6.62% 2002 20,768,439 1.0147 1.0055 1.0782 22,721,701 9.40% 2003 22,721,701 1.0125 1.0191 0.9873 23,092,833 1.63% 2004 23,092,833 1.0079 1.0029 1.0231 23,694,794 2.61% 2005 23,694,794 1.0072 1.0000 1.0328 24,471,983 3.28% 2006 24,471,983 1.0112 1.0124 1.0526 26,078,624 6.57% 2007 26,078,624 1.0118 1.0034 1.0396 27,203,516 4.31% 2008 27,203,516 1.0152 1.0138 1.0442 28,837,681 6.01% 2009 28,837,681 1.0172 1.0077 1.0429 30,592,105 6.08% 2010 30,592,105 1.0156 1.0070 1.0062 31,261,971 2.19% % Increase in Change in 2007/08 2009/10 County Per Capita Appropriation Appropriation Appropriation Population Income Factor Limit Limit 1.0156 X 1.0062 =1.0219 X 30,592,105$ =31,261,971$ 2009/10 2009/10 Percentage Tax Appropriation of Revenues Limit Limit 10,181,000 /31,261,971$ =33% June 30 Percentage of Appropriation FY 2009/10 Calculation APPROPRIATION LIMIT FACTORS AppropriationAppropriation Attachment B RESOLUTION NO._______ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA ESTABLISHING THE FISCAL YEAR 2009/10 GANN LIMIT APPROPRIATION FOR THE CITY OF SARATOGA WHEREAS, the City of Saratoga has established its Base Year Appropriation Limit as $5,961,747 in Fiscal Year 1978/79; and WHEREAS, the cumulative changes to population and to the California per capita personal income since the Base Year established the revised Proposition 111 Fiscal Year 1996/97 Appropriation Limit as $16,153,314, and WHEREAS, to the best of the City’s knowledge and belief, the State Department of Finance figures provided to the City in response to Proposition 111 passed by the voters in June 1990, reflects the appropriate statistics relevant to the calculation of the Fiscal Year 2009/10 Appropriation Limit, which includes: · County population adjustments for the year ended December 31, 2008 equal to 1.56%, and · City population adjustment for the year ended December 31, 2008 equal to .70%, and · Change in California per capita cost of living for fiscal year 2009/10 equal to .62% NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga hereby resolves that, based on the foregoing figures and the provisions of the Article XIIIB of the Constitution of the State of California, the following figure accurately represents the Fiscal Year 2009/10 Appropriation Limit for the City of Saratoga at: $31,261,971 The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held on the 3rd day of June 2009 by the following vote: AYES: NOES: ABSENT: ABSTAIN: ___________________ Chuck Page, Mayor ATTEST: _____________________________ Ann Sullivan, City Clerk