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HomeMy WebLinkAboutCC Reso 2020-37 - Gann Limit Resolution FY 2020-21 Attachment 1 RESOLUTION NO. 2020-37 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH ESTABLISHING THE FISCAL YEAR 2020-21 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 2020-21 Fiscal Year shall be forty-five million, nine hundred and eight thousand, seven hundred and sixty-seven dollars ($45,908,767). The appropriations subject to this limit are estimated to be thirteen million, four hundred and ninety-six thousand, eight hundred and eighty- seven dollars ($13,496,887). This resolution was adopted by the City Council of the City of Ukiah at a regular meeting thereof on the 18th day of June, 2020, by the following vote: AYES: Councilmembers Mulheren, Brown, Scalmanini, Orozco, and Mayor Crane NOES: None ABSTAIN: None ABSENT: None s '.wnirma�ia �yV✓' DOCJGLA ', F. CRANE, Mayor ATTEST: KRISTINE LAWLER, City Clerk Page 1 of 2 EXHIBT A Gann Limit Calculation FY 2020-21 Per Capita Cost of Living Change= 3.85 percent Population Change(l)_ -0.1 percent Per Capita Cost of Living converted to a ratio: 3.85+ 100 = 1.0385 (a) 100 Population converted to a ratio: -0.1 + 100 = 0.999 (b) 100 Calculation of factor for FY 2019-20: (a) x (b) = 1.0375 (c) Appropriations Limit, Fiscal Year 2019-20 $ 44,251,056 (d) Appropriations Limit, Fiscal Year 2020-21 $ 45,908,767 [(c) x (d)] FY 2020-21 appropriations subject to Gann Limit Tax Revenue Budget Estimates Property tax $ 1,495,995 Sales tax (1.0%Bradley-Burns) 5,199,630 Measure S/P District Tax 2,748,900 Measure Y District Tax 2,748,900 Transient Occupancy Taxes (TOT) 870,000 Business license tax 364,063 Other governmental taxes 300 Interest earning from taxes 69,099 $ 13,496,887 Percentage Use of Appropriations Limit 29.407o (1)W hen calculating its appropriation limit,the City may use either the change in population for the City or Mendocino County as awhole. Page 2 of 2