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HomeMy WebLinkAbout2017-31 CC Reso - FY 2017-18 Appropriations Limit RESOLUTION NO. 2017 - 31 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH ESTABLISHING THE FISCAL YEAR 2017-18 APPROPRIATIONS LIMIT FOR THE CITY OF UKIAH WHEREAS, pursuant to Government Code Section 7910, the City Council must, by resolution, establish its appropriations limit for each fiscal year. NOW, THEREFORE, BE IT RESOLVED THAT the appropriations limit for the City of Ukiah for the 2017-18 Fiscal Year shall be forty million, two hundred and eighty-nine thousand, one hundred and seventeen dollars ($40,289,117). The appropriations subject to this limit are estimated to be sixteen million, one hundred and forty-two thousand, one hundred and eighty-one dollars ($16,142,181). The Gann Limit calculation is included in Exhibit A. This resolution was adopted by the City Council of the City of Ukiah at a regular meeting thereof on the 21st day of June, 2017, by the following vote: AYES: Councilmembers Scalmanini, Crane, Mulheren, Doble, and Mayor Brown NOES: None ABSTAIN: None ABSENT: None p : M •v JI BROWN, Mayor ATTEST: .�i , , KRISTI`E LAWLER, Ci y Clerk Page 1 of 2 EXHIBT A Gann Limit Calculation FY 2017-18 Per Capita Cost of Living Change= 3.69 percent Population Change())= 0.37 percent Per Capita Cost of Living converted to a ratio: 3.69+ 100 = 1.0369 (a) 100 Population converted to a ratio: 0.37+ 100 = 1.0037 (b) 100 Calculation of factor for FY 2017-18: (a)x(b) = 1.0407 (c) Appropriations Limit, Fiscal Year 2016-17 $ 38,712,120 (d) Appropriations Limit, Fiscal Year 2017-18 $ 40,289,117 [(c)x(d)] FY 2017-18 appropriations subject to Gann Limit Tax Revenue Budget Estimates Property tax $ 2,839,803 Sales tax(1.0%Bradley-Burns) 5,696,920 Measure S/P District Tax 2,921,958 Measure Y District Tax 2,921,958 Transient Occupancy Taxes (TOT) 1,293,650 Business license tax 385,000 Other governmental taxes 250 Interest earning from taxes 82,642 $ 16,142,181 Percentage Use of Appropriations Limit 40.07% (1)When calculating its appropriation limit,the City may use either the change in population for the City or Mendocino County as a whole. Page 2 of 2