HomeMy WebLinkAboutCity Council Resolution 22-022, Establishing FY 23 Appropriations LimitRESOLUTION NO.22-022
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE FISCAL YEAR 2023 APPROPRIATIONS LIMIT
WHEREAS, the City of Saratoga established its base year Appropriations Limit as
$5,961,747 in Fiscal Year 1979; and
WHEREAS, the cumulative changes to population and to the California per capita
personal income since the base year totaled $50,679,074 in Fiscal Year 2022; and
WHEREAS, the California Department of Finance's May 2022 memorandum specifies a
7.55 percent increase in per capita personal income for the twelve month period ended December
31, 2021; and
WHEREAS, the California Department of Finance's May 2022 memorandum specifies a
0.34 percent decrease in the City of Saratoga's population and a 0.69 percent decrease in the
County of Santa Clara's population for the twelve month period ended December 31, 2021; and
WHEREAS, State law provides an adjustment to the prior year Appropriation Limit by
combining the change in per capita personal income, and either the city or county's change in
population, at the discretion of the city or county's governing board;
NOW, THEREFORE BE IT RESOLVED, the City of Saratoga's fiscal year 2023
Appropriations Limit is $54,320,026 as calculated in conformity with Article XIIIB of the
Constitution of the State of California and detailed in Exhibit A.
The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga
City Council held on the 15th day of June 2022 by the following vote:
AYES: COUNCIL MEMBERS BERNALD, KUMAR, ZHAO, VICE MAYOR
FITZSIMMONS, MAYOR WALIA
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
Tina Walia, Mayor
ATTEST:
Zvt�
Britt Avrit, MMC, City Clerk
Resolution No. 22-022
Page 2
Exhibit A
City of Saratoga
Appropriations Limit Calculation
For
Beginning
County
City
California
Fn(ing
%
YE
Appropriations
Population
Population
Per Capita
Appropriations
Limit
June 30
Limit
Factor
Factor
Income A
Limit
Increase
2013
31,907,666
1.0124
1.0070
1.0377
33,521,156
5.06%
2014
33,521,156
1.0157
1.0129
1.0512
35,790,667
6.77%
2015
35,790,667
1.0150
1.0066
0.9977
36,243,974
1.27%
2016
36,243,974
1.0113
1.0000
1.0382
38,053,696
4.99%
2017
38,053,696
1.0126
1.0053
1.0537
40,602,404
6.70%
2018
40,602,404
1.0081
1.0023
1.0369
42,441,648
4.53%
2019
42,441,648
1.0099
1.0052
1.0367
44,434,849
4.70%
2020
44,434,849
1.0033
1.0003
1.0385
46,297,871
4.19%
2021
46,297,871
1.0037
1.0009
1.0373
48,202,474
4.11%
2022
48,202,474
0.9944
0.9901
1.0573
50,679,074
5.14%
2023
50,679,074
0.9931
0.9966
1.0755
54,320,026
7.18%
FY23 Calculation
%Increase in
California
FY22
FY23
City
Per Capita
Appropriations
Appropriations
Appropriations
Population
Income A
Factor
Limit
Limit
0.9966 X
1.0755
= 1.0718 X
$ 50,679,074
= $ 54,320,026
Percentage of Appropriations
FY23
FY23
Percentage
Tax
Appropriations
Over/(Under)
Revenues
Limit
Limit
19,260,000
/ $ 54,320,026 =
-65%