HomeMy WebLinkAbout24915RESOLUTION NO. 24915
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, ADOPTING AN
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2021-2022
ENDING ON JUNE 30, 2022.
WHEREAS, the voters approved the Gann Spending Limitation Initiative
(Proposition 4) on November 6, 1979, adding Article XIIIB to the Constitution of the State
of California to establish and define annual appropriation limits on state and local
government entities, including the City of Palm Springs; and
WHEREAS, Chapter 120-5 of the Revenue and Taxation Code Section 7910
(which incorporates California Senate Bill 1352) provides for the implementation of Article
XIII B; and
WHEREAS, the required calculation to determine the Appropriations Limit for
Fiscal Year 2021 — 2022 ending on June 30, 2022, has been performed by the Finance
Department of the City of Palm Springs based on available information using current
guidelines provided by the State Department of Finance; and
WHEREAS, the City Council of the City of Palm Springs desires to formally adopt
that appropriations limit for the City; and
WHEREAS, the options for calculation will be California Per Capita Income and
the City of Palm Springs population growth.
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 1. In accordance with Article XIII B of the Constitution of the State of
California, the appropriations limit for the City of Palm Springs for Fiscal Year 2021 — 2022
ending on June 30, 2022, is $192,947,738 as represented on the calculation included
herewith as Attachment "A".
Resolution No.24915
Page 2
ADOPTED THIS 10T" DAY OF JUNE, 2021.
JUSTI CLIFTON, C MANAGER
ATTEST:
THONY J. *EJIA,XCTrT CLERK
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS)
I, ANTHONY J. MEJIA, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 24915 is a full, true, and correct copy, and was duly adopted at a regular
meeting of the City Council of the City of Palm Springs on June 10, 2021, by the following
vote:
AYES: Councilmembers Garner, Kors, Woods, Mayor Pro Tern Middleton, and
Mayor Holstege
NOES: None
ABSENT: None
ABSTAIN: None
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of Palm Springs, California, this 1-7 `L day of J °
ony J. Meji , MMC, i�erk
City of Palm S rings, California
Resolution No.24915
Page 3
ATTACHMENT "A"
Resolution No. 24915
Page 4
CITY OF PALM SPRINGS
APPROPRIATION LIMIT CALCULATION
FY 2021-22 Proposed Budget (XXXX, 2021)
Proceeds
Interfund
FUND NAME
FUND#
oftaxes*
Revenues** Interest***
Other
Total
General Fund
001
107,518,400
2,100,000 500,000
17,238,025
127,356,425
Small Hotel TBID
119
-
- -
1,490,287
1,490,287
Forfeited Assets
120
-
- -
-
-
Safety Augmentation
121
972,368
- -
-
972,368
CSA 152
124
459,100
- -
-
459,100
Recycling
125
- -
125,500
125,500
Gas Tax Improvement
133
1,242,278
- 6,000
-
1,248,278
Measure A
134
4,787,596
- -
-
4,787,596
Drainage
135
-
- -
301,050
301,050
Emergency Response Fee
136
1,020,000
- -
-
1,020,000
CDBG
137
-
- -
425,116
425,116
Sustainability
138
-
- -
384,500
384,500
Master Lease
139
-
- -
1,641,716
1,641,716
CFD Public Safety #1
140
1,007,000
- -
-
1,007,000
Land/Lite/Park Maint Dst
141
235,880
- -
-
235,880
AQMD
149
-
- -
62,000
62,000
Public Arts
150
-
- 1,000
180,000
181,000
Library Endowment
151
-
- -
-
-
Quimby Act Fees
152
-
- 70,000
580,000
650,000
Special Projects
160
-
- -
100,000
100,000
Special Grants
170
-
- -
202,949
202,949
Capital Improvements
261
-
- -
-
-
Debt Service Fund
301
-
8,994,097 -
-
8,994,097
Airport Customer Fac
405
-
- -
1,750,000
1,750,000
Airport PFC
410
-
- -
4,275,000
4,275,000
Airport
415
-
- -
22,200,000
22,200,000
Airport Capital Projects
416
-
- -
5,355,500
5,355,500
WWTP
420
-
- 150,000
11,655,000
11,805,000
Golf Course
430
-
- -
5,327,681
5,327,681
MVR
510
-
- -
4,200,000
4,200,000
Facilities Maintenance
520
-
- -
4,900,000
4,900,000
PERS
530
-
- -
22,411,781
22,411,781
Risk Management
540
-
- -
16,526,800
16,526,800
Retiree Health Insurance
541
-
- -
3,980,682
3,980,682
Energy
550
-
- -
1,930,000
1,930,000
Housing Successor
879
-
- -
-
TOTAL
117,242,622
11,094,097 727,000
127,243,587
256,307,306
Enterprise/Internal Service
-
- (150,000)
(104,512,444)
(104,662,444)
117,242,622
11,094,097 577,000
22,731,143
151,644,862
Resolution No. 24915
Page 5
INTEREST EARNINGS PRODUCED BY TAXES 2021/2022
A Non Interest Tax Proceeds
117,242,622
B Minus Exclusions
-
C Net Invested Taxes (A - B)
117,242,622
D Total Non Interest Budget
151,067,862
E Tax Proceeds as Percent of Budget (C/D)
77.61%
F Interest Earnings
577,000
G Interest Earned From Taxes (E x F)
447,805
H Interest Earned From Non Taxes (F - G)
129,195
WORKSHEET #4 2020/2021
A Proceeds of Taxes 117,242,622
B Exclusion -
C Appropriation Subject to Limit 117,242,622
D Current Year Limit (2020/2021) 192,947,738
E Over (Under) Limit (C-D) (75,705,116)
Resolution No. 24915
Page 6
CITY OF PALM SPRINGS
APPROPRIATION LIMIT CALCULATION
2021/2022
A Last Year's Limit (2020/2021)
181,546,959
B Adjustment Factors
1. Population %
1.00S2
2. Per Capita Personal Income %
1.0573
Total Adjustment (131 X 62)
1.062797960
C Annual Adjustment ((B-1.00)*A)
11,400,779
D Other Adjustments
-
E Total Adjustments
11,400,779
F This Year's Limit (A+E) (2020/2021)
192,947,738