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HomeMy WebLinkAboutCC Reso 2022-43 - FY 22-23 Gann Limit RESOLUTION NO. 2022-43 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH ESTABLISHING THE FISCAL YEAR 2022-23 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 2022-23 Fiscal Year shall be fifty-one million, two hundred sixty-eight thousand, five hundred forty dollars ($51,268,540). The appropriations subject to this limit are estimated to be twenty million, eight hundred ninety-seven thousand, seven hundred forty-four dollars ($20,897,877); (Exhibit A). This resolution was adopted by the City Council of the City of Ukiah at a regular meeting thereof on the 151h day of June, 2022, by the following vote: AYES: Councilmembers Orozco, Rodin, Duenas, and Mayor Brown NOES: None ABSTAIN: None ABSENT: Councilmember Crane J BROWN, Mayor ATTEST: K ISTINE LAWLER, City Clerk Page 1 of 2 EXHIBIT A Gann Limit Calculation FY 2022-23 Per Capita Cost of Living Change= 7.55 percent Population Change(i)_ -0.78 percent Per Capita Cost of Living converted to a ratio: 7.55+ 100 = 1.0755 (a) 100 Population converted to a ratio: -0.78+ 100 = 0.9922 (b) 100 Calculation of factor for FY 2022-23: (a)x(b) - 1.0671 (c) Appropriations Limit,Fiscal Year 2021-22 $ 48,044,238 (dM Appropriations limit,Fiscal Year 2022-23 $ 51,268,540 [(c)x(d)) FY 2022-23 appropriations subject to Gann limit Tax Revenue Budget Estimates Property tax $ 3,594,000 Sales tax(1.0%Bradley-Burns) 7,777,477 Measure SIP District Tax 3,795,132 Measure Y District Tax 3,795,132 Transient Occupancy Taxes (TOT) 1,411,413 Business license tax 505,500 Other governmental taxes 800 Interest earning from taxes 18,423 $ 20,897,877 Percentage Use of Appropriations limit 40.76% (1)When calculating its appropriation limit,the City may use either the change in populaCon for the City or Mendocino County as a whole. - Page 2 of 2