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HomeMy WebLinkAboutRES 2018-20RESOLUTION NO. 2018- 20 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, ESTABLISHING THE APPROPRIATIONS LIMIT FOR FY 2018-2019 IN THE AMOUNT OF $46,248,905 WHEREAS, the voters of the State of California, on November 6, 1979, added Article XIII B to the State Constitution placing various limitations on the appropriations of state and local governments; WHEREAS, the voters of the State of California, on June 5, 1990 amended Article XIII B by approving Proposition 111; WHEREAS, as provided by Proposition 111, the City of Diamond Bar calculates the appropriations limit by adjusting the 1989-1990 appropriations limit for annual changes in the Los Angeles County population and the annual changes in the California per capita income. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DIAMOND BAR DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That the City Council of the City of Diamond Bar establishes that the appropriations limit for FY 2018-2019 shall be $46,248,905, with appropriations subject to limitation of $35,904,694, or $10,344,211 less than the limit. PASSED, APPROVED AND ADOPTED this 5th day of June, 2018. Ruth M. Low, Mayor 1, Tommye Cribbins, City Clerk of the City of Diamond Bar, do hereby certify that the foregoing Resolution was passed, approved and adopted at a regular meeting of the City Council of the City of Diamond Bar held on the 5th day of June, 2018, by the following vote: AYES: NOES: ABSENT: ABSTAINED: COUNCIL MEMBERS: Lin, Lyons, Tye, MPT/Herrera, M/Low COUNCIL MEMBERS: None COUNCIL MEMBERS: None COUNCIL MEMBERS: None R t Tommye ribb6s', City Clerk 2018--20 CITY OF DIAMOND BAR APPROPRIATIONS LIMIT WORK SHEET (1) 2018-2019 California Per Capita Income 3.67% % Change over Prior Year Population Change 0.38% % Change over Prior Year (City) Per Capita converted to a Ratio 1.0367 Population converted to a Ratio 1.0038 Calculation of Growth Factor 1.0406 (Growth Factor = Per Capita Ratio x Population Ratio) 1.0051 2017-2018 Appropriations Limit 44,385,292 2018-2019 Appropriations Limit $46,189,086 (New Appropriations Limit = Prior Year Appropriations Limit x Growth Factor) CITY OF DIAMOND BAR APPROPRIATIONS LIMIT WORK SHEET (2) 2018-2019 California Per Capita Income 3.67% % Change over Prior Year Population Change 0.51% % Change over Prior Year (County) Per Capita converted to a Ratio 1.0367 Population converted to a Ratio 1.0051 Calculation of Growth Factor 1.0420 (Growth Factor = Per Capita Ratio x Population Ratio) 2017-2018 Appropriations Limit 44,385,292 2018-2019 Appropriations Limit $46,248,905 (New Appropriations Limit = Prior Year Appropriations Limit x Growth Factor) 2018-20 CITY OF DIAMOND BAR APPROPRIATIONS LIMIT WORK SHEET (3) 2018-2019 % Change Non Residential 1.10% New Construction (City) Population Change 0.38% % Change over Prior Year (City) Nonresidential converted to a Ratio 1.011 Population Converted to a Ratio 1.0038 Calculation of Growth factor 1.0148 2017-2018 Appropriations Limit 44,385,292 2018-2019 Appropriations Limit $45,044,050 (New Appropriations Limit = Prior Year Appropriations Limit x Growth Factor) CITY OF DIAMOND BAR APPROPRIATIONS LIMIT WORK SHEET (4) CITY OF DIAMOND BAR % Change Non Residential 1.10% New Construction (City) Population Change 0.51% % Change over Prior Year (County) Nonresidential converted to a Ratio 1.011 Population Converted to a Ratio 1.0051 Calculation of Growth Factor 1.0162 2017-2018 Appropriations Limit 44,385,292 2018-2019 Appropriations Limit $45,102,385 (New Appropriations Limit = Prior Year Appropriations Limit x Growth Factor) 2018-:-20 CITY OF DIAMOND BAR HISTORY OF ANNUAL APPROPRIATIONS LIMIT 20'18-2019 1989-90 Base Year 9,882,416 1990-91 Adjusted Base 10,785,669 1991-92 Adjusted Base 11,585,192 1992-93 Adjusted Base 11,762,247 1993-94 Adjusted Base 12,275,495 1994-95 Adjusted Base 13,169,824 1995-96 Adjusted Base 14,005,207 1996-97 Adjusted Base 14,729,615 1997-98 Adjusted Base 15,608,665 1998-99 Adjusted Base 16,482,389 1999-00 Adjusted Base 17,561,562 2000-01 Adjusted Base 18,772,045 2001-02 Adjusted Base 20,576,003 2002-03 Adjusted Base 22,364,058 2003-04 Adjusted Base 24,723,466 2004-05 Adjusted Base (revision) 25,886,770 2005-06 Adjusted Base (revision) 27,569,946 2006-07 Adjusted Base 28,885,277 2007-08 Adjusted Base - 30,379,173 2008-09 Adjusted Base 31,954,909 2009-10 Adjusted Base 33,809,489 2010-11 Adjusted Base 33,408,743 2011-12 Adjusted Base 34,377,442 2012-13 Adjusted Base 35,809,031 2013-14 Adjusted Base 37,902,186 2014-15 Adjusted Base 38,109,968 2015-16 Adjusted Base 39,891,361 2016-17 Adjusted Base 42,563,150 2017-18 Adjusted Base 44,385,292 2018-19 Adjusted Base 46,248,905 2018-20 CITY OF DIAMOND BAR ANNUAL APPROPRIATIONS SUBJECT TO GANN LIMIT FISCAL YEAR 2418-20.9 Appropriations Subject to Limitation Fiscal year 2019 adopted revenue Allowable exclusions: Qualified Capital Outlay Qualified Debt Service Total Appropriations Subject to Limitation 43,508,318 (6,745,217) (858,407) $ 35,904,694 2018--20