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HomeMy WebLinkAboutCC Reso 2025-30 - FY 25-26 Appropriations Limit (Gann)r L RESOLUTION NO.2026-30 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH ESTABLISHING THE FISCAL YEAR 2025-26 APPROPRIATIONS LIMIT FOR THE CITY OF UKIAH WHEREAS, pursuant to Govemment 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 2025-26 Fiscal Year shall be fifty-nine million, forty-eight thousand, four hundred eighty-nine dollars ($59,048,489). The appropriations subject to this limit are estimated to be nineteen million, one hundred thousand, one hundred eight dollars ($19,100,108). PASSED AND ADOPTED this 1811 day of ,tune, 2025, by the following roll call vote: AYES: Councilmembers Criss, Orozco, Sher, and Mayor Crane. NOES: None, ABSENT: Councilmember Rodin. ABSTAIN: None. ATTEST: Kristine Lawler, CMCICity Clerk Lr'Mne, Mayor Page 'I of 2 EXHIBIT A Gann Limit Calculation FY 2025-26 Per Capita Cost of Living Change = Population Change(i) = Per Capita Cost of Living converted to a ratio: Population converted to a ratio: Calculation of factor for FY 2025-26: Appropriations Limit, Fiscal Year 2024-25 Appropriations Limit, Fiscal Year 2025-26 ((c) x (d)] FY 2025-26 appropriations subject to Gann Limit Tax Revenue 6.44 percent 0.6 percent 6.44 + 100 = 1.0644 (o) 0.60 + 100 = 1,006 (b) 100 (a) x (b) = 1.0708 (c) $ 55,144,975 (d) $ 59,048,489 Budget Estimates Property tax $ 4,311,232 Sales tax ().0% Bradley -Burns) 6,429,189 Measure SIP District Tax 3,251,496 Measure Y District Tax 3,251,496 Transient Occupancy Taxes (TOT) 1,222,975 Business license tax 522,000 Other governmental taxes 800 nterest earning from taxes 110,920 $ 19,100,105 Percentage Use of Appropriations Limit 32.36% Ili 7 (I)When calculating its appropriation limit, the City may use either the change in population for the City or Mendocino County as a whole. 0 Page 2 of 2