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06-18-2019 - Item 09 - Annual Appropriations Limit For Fiscal Year 2019-20AGENDA ITEM NO. 9 AGENDA STAFF REPORT City of West Covina | Office of the City Manager DATE:June 18, 2019 TO:Mayor and City Council FROM:David Carmany Interim City Manager SUBJECT:ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2019-20 RECOMMENDATION: It is recommended that the City Council adopt the following resolution: RESOLUTION NO. 2019-48 – A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, SETTING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR ENDING JUNE 30, 2020 DISCUSSION: Article XIIIB of the California Constitution imposes an appropriations limit on units of state and local governments. In response to a perception that government spending was increasing without any controls, the voters passed Proposition 4, "The Gann Initiative," which is now included in the California Constitution as Article XIIIB. This article limits the amount of appropriations (related to tax proceeds) that state or local governments can spend each year. The appropriations of tax proceeds excludes revenues from the following sources: •Special Benefit Assessments •Licenses and Permits •Franchise Fees •Developer Fees •Fines, Forfeitures and Penalties •Other Governmental Restricted Revenues •Gas Taxes •User Fees The following revenue sources are subject to the appropriations limit: •Property Taxes •Sales and Use Taxes •Business License Taxes •Transient Occupancy Taxes •Other Taxes Appropriations for debt-financed capital outlay (e.g., the Civic Center, Cameron Community Center, Golf Course and Big League Dreams bonds) are not subject to the limit. Proposition 111 amended the California State Constitution to require annual adjustments in the appropriations limit based upon increases or decreases in population and inflation. Each year, the City must calculate the limit using the following formula: Base Year Appropriation Limit (Prior Year Actual Beginning with 1986-87 Expenditures) x Cumulative Growth Factor (1) = Current Year Appropriation Limit 1.Inflation change factor (change in California per capita income or change in local assessments due to the addition of non-residential new construction) multiplied by population change factors (change in population for either the City or the County). Factors are calculated using the following formula Percentage Change + 100 = Factor 100 The appropriations limit for Fiscal Year (FY) 2019-20 has been calculated in accordance with the provisions of Article XIIIB of the California Constitution. The constitution, as amended, requires the governing body to specify the option selected for each factor. The selection of each growth factor and the appropriations limit calculation are shown on the attached worksheet. This report calculates the FY 2019-20 appropriations limit for the City of West Covina to be $203,107,940. The City's proceeds from taxes are projected at $48,596,700, which is less than the appropriations limit. Documentation used in the establishment of the appropriations limit is available for public inspection in the Finance Department. Prepared by: Robbeyn Bird, CPA, Interim Finance Director Fiscal Impact FISCAL IMPACT: There is no fiscal impact with this item. Attachments Attachment No. 1 - Appropriations Limit Calculation Fiscal Year 2019-20 Attachment No. 2 - Resolution No. 2019-48