The URL can be used to link to this page

Home My WebLink About24778RESOLUTION NO. 24778 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2020/2021 ENDING ON JUNE 30, 2021. WHEREAS, the voters approved the Gann Spending Limitation Initiative (Proposition 4) on November 6, 1070, 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 2020/2021 ending on June 30, 2021, 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 2020/2021 ending on June 30, 2021, is $181,546,959 as represented on the calculation included herewith as Attachment "A". ADOPTED THIS 30TH DAY OF JUNE, 2020. David H. Ready, ager Resolution No. 24778 Page 2 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE) CITY OF PALM SPRINGS) CERTIFICATION ss. I, ANTHONY J. MEJIA, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 24778 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 30, 2020, by the following vote: AYES: Councilmembers Middleton, Woods, and Mayor Kors NOES: Councilmember Garner and Mayor Pro Tern Holstege 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 day of hony J. I ia, City Clerk ATTACHMENT "A" CITY OF PALM SPRINGS APPROPRIATION LIMIT CALCULATION FY 2020-21 Proposed Budget (June 25, 2020) Proceeds Interfund FUND NAME FUND # of taxes" Revenues`* Interest""" Other Total General Fund 001 $ 69,552,505 $ 1,608,530 $ 157,590 $ 25,651,795 $ 96,970,420 Small Hotel TBID 119 $ - $ - $ - $ 196,356 $ 196,356 Forfeited Assets 120 $ - $ - $ - $ 54,108 $ 54,108 Safety Augmentation 121 $ 404,188 $ - $ - $ - $ 404,188 CSA 152 124 $ 459,100 $ - $ - $ - $ 459,100 Recycling 125 $ - $ - $ - $ 104,000 $ 104,000 Villagefest 127 $ - $ - $ - $ 500,000 $ 500,000 Parking 131 $ - $ - $ - $ - $ - Parking Capital Programs 132 $ - $ - $ - $ - $ - Gas Tax Improvement 133 $ 654,100 $ - $ 3,300 $ - $ 657,400 Measure A 134 $ 2,073,318 $ - $ - $ - $ 2,073,318 Drainage 135 $ - $ - $ - $ 275,000 $ 275,000 Emergency Response Fee 136 $ 1,020,000 $ - $ - $ - $ 1,020,000 CDBG 137 $ - $ - $ - $ 431,579 $ 431,579 Sustainability 138 $ - $ - $ 4,000 $ 185,000 $ 189,000 Master Lease 139 $ - $ - $ - $ 1,475,700 $ 1,475,700 CFD Public Safety #1 140 $ 787,245 $ - $ - $ - $ 787,245 Land/Lite/Park Maint Dst 141 $ 372,900 $ - $ - $ - $ 372,900 AQMD 149 $ - $ - $ - $ 46,500 $ 46,500 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 $ - $ - $ - $ 178,200 $ 178,200 Capital Improvements 261 $ - $ - $ - $ - $ - Debt Service Fund 301 $ - $ 11,212,300 $ - $ - $ 11,212,300 Airport Customer Fac 405 $ - $ - $ - $ 1,450,000 $ 1,450,000 Airport PFC 410 $ - $ - $ - $ 2,600,000 $ 2,600,000 Airport 415 $ - $ - $ - $ 7,900,000 $ 7,900,000 Airport Capital Projects 416 $ - $ - $ 15,000 $ 2,145,000 $ 2,160,000 VWVfP 420 $ - $ - $ 150,000 $ 11,655,000 $ 11,805,000 Golf Course 430 $ - $ - $ - $ 5,098,737 $ 5,098,737 MVR 510 $ - $ - $ - $ 3,429,400 $ 3,429,400 Facilities Maintenance 520 $ - $ - $ - $ 4,996,600 $ 4,996,600 PERS 530 $ - $ - $ - $ 23,949,100 $ 23,949,100 Risk Management 540 $ - $ - $ - $ 17,526,800 $ 17,526,800 Retiree Health Insurance 541 $ - $ - $ - $ 3,538,200 $ 3,538,200 Energy 550 $ - $ - $ - $ 1,930,000 $ 1,930,000 Housing Successor 874 $ - $ - $ - $ - $ - TOTAL $ 75,323,356 $ 12,820,830 $ 400,890 $ 116,177,075 $ 204,722,151 Enterprise/Internal Service $ - $ - $ (165,000) $ (86,218,837) $ (86,383,837) $ 75,323,356 $ 12,820,830 $ 235,890 $ 29,958,238 $ 118,338,314 INTEREST EARNINGS PRODUCED BY TAXES 2020/2021 A Non Interest Tax Proceeds $ 75,323,356 B Minus Exclusions $ - C Net Invested Taxes (A - B) $ 75,323,356 D Total Non Interest Budget $ 118,102,424 E Tax Proceeds as Percent of Budget (C/D) 63.78% F Interest Earnings $ 235,890 G Interest Earned From Taxes (E x F) $ 150,446 H Interest Earned From Non Taxes (F - G) $ 85,444 WORKSHEET #4 2020/2021 A Proceeds of Taxes $ 75,323,356 B Exclusion $ - C Appropriation Subject to Limit $ 75,323,356 D Current Year Limit (2020/2021) $ 181,546,959 E Over (Under) Limit (C-D) $ (106,223,603) CITY OF PALM SPRINGS APPROPRIATION LIMIT CALCULATION 2020/2021 A Last Year's Limit (2019/2020) $ 174,530,075 B Adjustment Factors 1. Population % 1.0028 2. Per Capita Personal Income % 1.0373 Total Adjustment (131 X 62) 1.040204440 C Annual Adjustment ((B-1.00)*A) $ 7,016,884 D Other Adjustments - E Total Adjustments $ 7,016,884 F This Year's Limit (A+E) (2020/2021) $ 181,546,959 USE