HomeMy WebLinkAboutResolution 2001-130 N.C.S. 07/23/2001Resolution No. 2001-130 N.C.S.
of the City of Petaluma, California
RESOLUTION MODIFYING THE APPROPRIATIONS LIMIT
FOR FY 2000-2001 AND FY 2001-2002
WHEREAS, Resolution No. 00-112 N.C.S. established the FY 2000-2001 Appropriations
Limit at $61,949,625; and
WHEREAS, a calculation error was discovered that determined that the Appropriations
Limit should have been $76,597,515; and
WHEREAS, this Limit was determined by multiplying the increase in population for the
City of Petaluma (1.0249%) by the increase in the growth ofnon-residential assessed valuation in
the City of Petaluma (1.2128%) by the FY 1999-2000 Appropriations Limit of $61,623,101; and
WHEREAS, due to this error, the calculation for FY 2001-2002 was also in error due to an
incorrect starting Appropriations Limit; and
WHEREAS, the FY 2001-2002 Appropriations Limit was determined by multiplying the
increase in population for the City of Petaluma (1.0264%) by the increase in the California per capita
personal income (1.0782%) by the revised FY 2000-2001 Appropriations Limit of $76,597,515); and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Petaluma
that:
1. The FY 2000-2001 Appropriations Limit is revised to be $76,597,515.
2. The FY 2001-2002 Appropriations Limit is revised to be $84,770,470
3. All other provisions. of Resolution No. 00-112 N.C.S. and Resolution No. 2001-127
N.C.S. remain the same.
Under the power and authority conferred upon this Council by the Charter of said City
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as to
Council of the City of Petaluma at a Regular meeting on July 23, 2001, fo
by the following vote:
C{ ttorney
AYES: O'Brien, Healy, Torliatt, Maguire, Moynihan, Vice Mayor Cader-Thompson, Mayor Thompson
NOES: None
ABSENT: None
ATTEST:
City Clerk Mayor
Reso. 2001-130 NCS
CITY ®~' PETAL~TNI~i, CA
APPR®PRIATIONS LIMIT CALCULATION
FY 00-01 ADOPTED BUDGET
WORKSIIEET #4 - APPROPItIATI®NS .SUBJECT TO LIMITA~'I®N
A. Proceeds of Taxes
B. Exclusions
C. Appropriations Subj ect'. to Limitation
D. Current Year Limitation
E. Over/(Under) Limit
Amount.
19,210,230
1,149,850
18,060,380
76,597,515
(58,537,134)
Source
Worksheet # 2
Worksheet # 7
( A-B )
Worksheet # 6
( C-D )
Reso.2001=130 N.C.S.
CITY OF PETALUIVIA, CA .
APPROPRIATIONS LIMITS' CALCULATION.
h'S' 00-O1 ADOPTED BUDGET
WORKSHEET 6 -APPROPRIATIONS LIMIT'
A. Last Year's Limit
B. Adjustment Factors
1. Population
2. Growth in Non-Residential Assessed Valuation
Total Adjustment
C. Annual Adjustment $
D. Other Acljustxnents
Lost Responsibility (-)
Transfer to Private (-)
Transfer to Fees (-)
Assumed:Responsibility (+)
SubTotal
E. Total Adjustments
F. This Year's Limit;
Amount Source
' 61;623,101 Adopted Budget
2.49 State Finance
21.28 County and City
124.30 (B 1 * B2 )
1.4,974,414 (B*A)
14,974,414 (C+D )
76,597,515 (A+E)
Reso. 2001-130 N.C: S.
CITY OF PETALUMA, CA
APPROPRIATIONS LIMIT CALCULATION
FISCAL FEAR 2001 - 2002
WORKSHEET #4 -APPROPRIATIONS SUBJECT TO LIMITATION
Amount Source
A. Proceeds of Taxes
B. Exclusions
C. Appropriations Subject .to Limitation
D. Current Year Limitation
E. Over/(Under) Limit
19,273,869 Worksheet # 2
1,062,550 Worksheet # 7
18,211,319 (A-B )
84,770,470 Worksheet # 6
(66,559,151) (C-D )
Reso.2001-130 N.C.S.
CITY OF PETALUMA, CA
APPROPRIATIONS LIMIT ANALI'SIS
FISCAL YEAR 2001-2002
WORKSHEET #6 - APPI20PRIATIONS LIMIT ANA:I.YSIS
FY 00-01 Appropriations Limit $ 76,597,515
Adjustment Factors
Change in Per Capita Personal Income (FY 2002/2001) 1.0782
City Population Increase January 2000 to January 2001 1.0264
FactorforFiscal Year 200.1-2002 1.1067
8,172,955
FY 01-02 Appropriations Limit
FY 01-02 Proceeds of Taxes
Exclusion
FY 01-02 Appropriations Subject to Limit
FY 01-02 Appropriations Under Limit
19,273,869
(1,062,550)
$ 84,770,470
18,211,319
$ 66,559,151
Reso.2001-130 N.C:S.