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HomeMy WebLinkAboutCC Reso 2021-26 - Establishing FY 2021-22 Appropriations Limit RESOLUTION NO. 2021-26 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH ESTABLISHING THE FISCAL YEAR 2021-22 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 2021-22 Fiscal Year shall be forty-eight million, forty-four thousand, and two hundred thirty- eight dollars ($48,044,238). The appropriations subject to this limit are estimated to be nineteen million, nine hundred and ninety thousand, seven hundred, and forty-four dollars ($19,990,744). This resolution was adopted by the City Council of the City of Ukiah at a regular meeting thereof on the 16th day of June, 2021, by the following vote: AYES: Councilmembers Crane, Rodin, Duenas, Brown, and Mayor Orozco NOES: None ABSTAIN: None ABSENT: None JUAN V. OROZCO, Mayor ATTEST: KRISTINE LAWLER, City Clerk Page 1 of 2 EXHIBIT A Gann Limit Calculation FY 2021-22 Per Capita Cost of Living Change = 5.73 percent Population Changer; _ -1.02 percent Per Capita Cost of Living converted to a ratio: 5.73+ 100 = 1 .0573 (a) 100 Population converted to a ratio: -1.02+ i0D = 0.9898 (b) 100 Calculation of factor for FY 2020-21: (aJ x (b) = 1.0465 (c) Appropriations Limit, Fiscal Year 2020-21 $ 45,908,767 (d) Appropriations Limit, Fiscal Year 2021-22 $48,044,238 ](c) x (dl] FY 2021-22 appropriations subject to Gann limit Tax Revenue Budget Estimates Property tax $ 3,356,988 Sales tax (1.0°%Bradley-Burns) 7,170,759 Measure S/P District Tax 3,822,144 Measure Y District Tax 3,822,144 Transient Occupancy Taxes (TOT) 1,375,000 Business license tax 430,864 Other governmental taxes 800 Interest earning from taxes 12,045 $ 19,990,744 Percentage Use of Appropriations Limit 41.61%'6 (1 J 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