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6-15-2021 AGENDA ITEM NO.7 - ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2021-22AGENDA ITEM NO.7 AGENDA STAFF REPORT City of West Covina I Office of the City Manager DATE: June 15, 2021 TO: Mayor and City Council FROM: David Carmany City Manager SUBJECT: ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2021-22 RECOMMENDATION: It is recommended that the City Council adopt the following resolution: RESOLUTION NO.2021-67 — 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, 2022 BACKGROUND: 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 establish 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. DISCUSSION: Pursuant to Article XIII B and its implementing legislation, the annual appropriations limit must be calculated by adjusting the prior year's appropriation limit for changes in the cost of living and population growth. The City may choose one of the following factors to use for inflationary adjustment: (a) the growth in California per capita personal income from the preceding year, or (b) the growth in the non-residential assessed property valuation due to new construction within the City. For population growth, the City may choose to use either: (a) the population growth of the City, or (b) the population growth within the County. These two adjustment factors (one for inflation and one for population) are both annual elections for the City in determining its appropriations limit for the following Fiscal Year. For the Fiscal Year (FY) 2021-22 calculation, the City is electing to use the population growth of Los Angeles County as its population growth factor, and the growth in California per capita personal income as its inflation factor, as detailed in Attachment 1. Such selections must be reflected in the recorded vote of the City Council per the requirements of Article XIII B and Government Code section 7901. Therefore, the resolution (Attachment 2) reflects such selections. The City calculated the FY 2021-22 appropriations limit using the following formula: Current Year Appropriations Limit multiplied by Growth Factor (change in California per capita personal income multiplied by change in population for the County). • Current Year (FY 2021-22) Appropriation Limit - $210,460,447 • Change in California per capita personal income (5.73%) - 1.0573 • Change in County Population (-0.58%) - 0.9942 • Calculation of Growth Factor (1.0573 x 0.9942) - 1.0512 Based on the formula outlined above, staff calculated the FY 2021-22 appropriations limit for the City of West Covina to be $221,236,022. The City's proceeds from taxes are projected at $48,380,000, 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. LEGAL REVIEW: The City Attorney's Office has reviewed the resolution and approved it as to form. Prepared by: Robbeyn Bird, Finance Director FISCAL IMPACT: There is no fiscal impact with this item. Fiscal Impact Attachments Attachment No. 1 - Appropriations Limit Calculation Fiscal Year 2021-22 Attachment No. 2 - Resolution No. 2021-67 CITY COUNCIL GOALS & OBJECTIVES: Achieve Fiscal Sustainability and Financial Stability ATTACHMENT NO.1 Article XIII B of the State Constitution, commonly referred to as the "Gann Limit", was adopted when California's voters approved Proposition 4 in November 1979. The limit has been modified by two subsequent initiatives -- Proposition 98 in 1988 and Proposition 111 in 1990--but its basic framework remains in place today. Article XIII B places an annual limit on the appropriation of tax proceeds that can be made by the state, school districts and local governments in California. These limits are based on the amount of appropriations in the 1978-79 "base" year, as adjusted each year for population growth and cost -of -living factors. State and local governments are precluded from retaining any "excess revenues" above the limit. Article XIII B also requires the state to reimburse local governments for the cost of certain state mandates. The limit is different for every agency and changes each year. For Fiscal Year 2021-22, the estimated tax proceeds appropriated by the West Covina City Council are under the limit. The Appropriations Limit for Fiscal Year 2021-22 is $221,236,022. This amount is the maximum amount of tax proceeds the City is able to appropriate and spend in Fiscal Year 2021-22. The appropriations subject to the limit are $48,380,000 leaving the City with an appropriations capacity under the limit of $172,856,022. APPROPRIATIONS LIMIT CALCULATION - FISCAL YEAR 2021-22 Part I - Calculation of Appropriations Limit Appropriations Limit - Fiscal Year 2020-21: Change in Per Capita Personal Income (5.73) Change in City Population (-0.58%): Calculation of Growth Factor (1.0573 x 0.9942) Appropriations Limit - Fiscal Year 2021-22: Part II - Appropriations Subject to the Limit Proceeds from Taxes Less: Debt Service Payments Total Appropriations Subject to the Limit Part III - Calculation of Appropriations Over/Under the Limit Appropriations Limit - Fiscal Year 2021-22: Less: Appropriations Subject to Limitation Total Appropriations Under the Limit $ 210,460,447 1.0573 (a) 0.9942 (a) 1.0512 $ 221,236,022 $ 48,380,000 $ 48,380,000 $ 221,236,022 (48,380,000) $ 172,856,022 w Source: State of California, Department of Finance, Price and Population Information, May 2019 ATTACHMENT NO.2 RESOLUTION NO.2021-67 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, DETERNHNING AND ADOPTING THE ANNUAL APPROPRIATIONS LINHT FOR FISCAL YEAR 2021-2022 WHEREAS, pursuant to Article XIII B of the California Constitution and California Government Code section 7910, the City Council must, by resolution, establish its appropriations limit and make other necessary determinations for the upcoming fiscal year, which commences July 1, 2021 and ends June 30, 2022; and WHEREAS, pursuant to Article XIII B, as amended, and California Government Code provisions implementing Article XIII B, the total annual appropriations limit must be calculated by adjusting the prior year's appropriations limit for changes in the cost of living and population growth; and WHEREAS, pursuant to Section 8(e) of Article XIII B, to determine the change in the cost of living, the City may select, by a recorded vote of the City Council, either (a) the percentage change in California per capita personal income from the preceding year, or (b) the percentage change in the local assessment roll from the preceding year due to the addition of non-residential new construction in the City; and WHEREAS, pursuant to Section 8(f) of Article XIII B and Section 7901(b) of the California Government Code, the City may, by a recorded vote of the City Council, choose to use the percentage change in population within the City or within the County of Los Angeles to determine the change in population; and WHEREAS, Section 7910 of the California Government Code requires that the City make the documentation used in the determination of the appropriations limit publicly available at least fifteen (15) days prior to the meeting; and WHEREAS, the City Council has elected to utilize the percentage change in California per capita income from the preceding year of 5.73% to calculate the change in cost of living, and the population percentage increase for the City of West Covina of -0.58% to calculate the change in population; and WHEREAS, such documentation was made available for public inspection at least fifteen (15) days prior to June 15, 2021. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The appropriations limit for the City of West Covina for Fiscal Year 2021- 2022 is established in the amount of $221,236,022. SECTION 2. The City Council, by recorded vote of the City Council in adopting this Resolution, selects and determines that, for purposes of establishing the appropriations limit for Fiscal Year 2021-2022, "change in the cost of living" shall be the percentage change in California per capita income from the preceding year in accordance with Article XIII B, Section 8(e)(1)(A) of the California Constitution. SECTION 3. The City Council, by recorded vote of the City Council in adopting this Resolution, selects and determines that, for purposes of establishing the appropriations limit for Fiscal Year 2021-2022, "change in population" shall be the population increase for the City of West Covina in accordance with Section 8(f) of Article XIII B of the California Constitution and Section 7901(b) of the California Government Code. SECTION 4. The City Clerk shall certify to the adoption of this resolution and shall enter the same in the book of original resolutions and it shall become effective immediately. APPROVED AND ADOPTED this 15th day of June, 2021. APPROVED AS FORM Thomas P. Duarte City Attorney Letty Lopez-Viado Mayor ATTEST Lisa Sherrick Assistant City Clerk I, LISA SHERRICK, ASSISTANT CITY CLERK of the City of West Covina, California, do hereby certify that the foregoing Resolution No. 2021-67 was duly adopted by the City Council of the City of West Covina, California, at a regular meeting thereof held on the 15th day of June, 2021, by the following vote of the City Council: AYES: NOES: ABSENT: ABSTAIN: Lisa Sherrick Assistant City Clerk