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HomeMy WebLinkAboutCC Reso 2018-15 - Establishing Appropriation (GANN) Limit for FY 18-19 RESOLUTION NO. 2018-15 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH ESTABLISHING THE FISCAL YEAR 2018-19 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 2018-19 Fiscal Year shall be forty-two million, six hundred and fifty-three thousand, two hundred and three dollars ($42,653,203). The appropriations subject to this limit are estimated to be seventeen million, five hundred and eighty-six thousand, seven hundred and eleven dollars ($17,586,711). This resolution was adopted by the City Council of the City of Ukiah at a regular meeting thereof on the 2011 day of June. 2018, by the following vote: AYES: Councilmembers Brown, Scalmanini, Crane, Mulheren, and Mayor Doble NOES: None ABSTAIN: None ABSENT: None KEVINP15OBLE, Mayor r' ATTEST: KRISTINE LAWLER, City Clerk Page 1 of 2 EXHIBT A Gann limit Calculation FY 2018-19 Per Capita Cost of Living Change= 3.67 percent Population Change(l) = 2.12 percent Per Capita Cost of Living converted to a ratio: 3.67 + 100 = 1.0367 (a) 100 Population converted to a ratio: 2.12 + 100 = 1.0212 (b) 100 Calculation of factor for FY 2018-19: (a)x (b) = 1.0587 (c) Appropriations Limit, Fiscal Year 2017-18 $ 40,289,117 (d) Appropriations Limit, Fiscal Year 2018-19 $ 42,653,203 [(c) x (d)] FY 2018-19 appropriations subject to Gann Limit Tax Revenue Budget Estimates Property fax $ 2,934,000 Sales tax (1.0%Bradley-Burns) 6,359,036 Measure S/P District Tax 3,197,694 Measure Y District Tax 3,197,694 Transient Occupancy Taxes (TOT) 1,400,000 Business license tax 408,000 Other governmental taxes 250 Interest earning from taxes 90,037 $ 17,586,711 Percentage Use of Appropriations Limit 41.23% (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