HomeMy WebLinkAbout25132RESOLUTION NO. 25132
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, ADOPTING AN
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2023 — 2024
ENDING ON JUNE 30, 2024.
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 2023 — 2024 ending on June 30, 2024, 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 2023 — 2024
ending on June 30, 2023, is $215,434,184 as represented on the calculation included
herewith.
ADOPTED THIS 29TH DAY OF JUNE 2023.
Scott C. Stiles, City Manager
Resolution No. 25132
Page 2 '
ATTEST:
Brenda Pree, City Clerk
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS)
I, BRENDA PREE, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 25132 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 29, 2023, by the following
vote:
AYES:
Councilmembers deHarte, Holstege, Middleton; Mayor Pro Tern Bernstein; and
Mayor Garner
'
NOES:
None
ABSENT:
None
RECUSED:
None
IN WITNESS WHEREOF, I have hereunt set my hand and affixed the official seal of the
City of Palm Springs, California, this IN day of July 2023.
Brenda Pree, MMC, CERA, City Clerk
City of Palm Springs, California
Resolution No. 25132
'
Page 3
CITY OF PALM SPRINGS
APPROPRIATION UMITCALCULATION
FY 2023-24 Proposed Budget
Proceeds
Interfund
FUND NAME
FUND#
of taxes*
Revenues" interest***
Other
Total
General Fund
100
156,732,599
2,488,511
3,552,748
34,740,226
197,514,084
Small Hotel TBID
119
-
-
-
769,046
769,046
Forfeited Assets
120
-
-
3,000
-
3,000
Safety Augmentation
121
1,400,000
-
21,140
-
1,421,140
Special Development
123
-
-
-
-
-
CSA 152
124
470,400
-
-
-
470,400
Recycling
125
-
12,845
386,742
399,587
Gas Tax Improvement
133
1,394,633
-
-
-
1,394,633
Measure
134
2,700,000
-
-
5,178,780
7,878,780
Drainage
135
-
-
20,000
505,000
525,000
Emergency Response Fee
136
1,020,000
-
2,618
-
1,022,618
CDBG
137
-
-
-
528,460
528,460
Sustainability
138
-
-
9,016
716,991
726,007
Master Lease
139
-
-
-
-
-
CFDPublic Safety#1
140
1,015,000
-
15,000
-
1,030,000
Land/Ute/Park Maint Dst
141
192,000
-
7,000
-
199,000
AQMD
150
-
Public Arts
150
-
7,710
7,711
476,752
76,752
84,718
484,463
463
'
Library Endowment
151
27,000
10,000
37,000
Quimby Act Fees
152
55,000
580,000
635,000
Special Projects
160
-
-
35,152
350,612
385,764
Special Grants
170
-
-
-
-
-
Capitallmprovements
261
-
-
-
-
-
Debt Service Fund
301
-
9,904,081
-
-
9,904,081
Airport Customer Fac
405
-
-
375,000
8,806,327
9,181,327
AirportPFC
410
-
-
25,000
6,425,776
6,450,776
Airport
415
-
-
200,000
62,488,919
62,688,919
Airport Capital Projects
416
-
-
60,000
42,761,840
42,821,840
WWTP
420
-
-
580,000
11,607,000
12,187,000
Golf Course
430
-
-
-
6,334,866
6,334,866
MVR
510
-
-
-
11,084,204
11,084,204
Facilities Maintenance
520
-
-
-
12,366,839
12,366,839
PERS
530
-
-
-
29,798,695
29,798,695
Risk Management
540
-
-
-
24,315,796
24,315,796
Retiree Health Insurance
541
-
-
-
3,985,490
3,985,490
Energy
550
-
-
44,527
3,701,279
3,745,806
Equip Replacement
570
500,000
500,000
Housing Successor
879
-
SUB -TOTAL
164,924,632
12,392,592
5,054,468
268,478,648
450,850,340
Enterprise/Internal Service
-
(1,284,527)
(224,177,031)
(225,461,559)
'
TOTAL
164,924,632
12,392,592
3,769,940
44,301,617
225,388,781
Resolution No. 25132
Page 4
INTEREST EARNINGS PRODUCED BY TAXES 2023/2024
,
A
Non Interest Tax Proceeds
164,924,632
B
Minus Exclusions
-
C
Netlnvested Taxes (A- B)
164,924,632
D
Total Non Interest Budget
221,618,841
E
Tax Proceeds as Percent of Budget (C/D)
74.42%
F
Interest Earnings
3,769,940
G
Interest Earned From Taxes (E x F)
2,805,520
H
InterestEarnedFromNonTaxes(F -G)
964,421
WORKSHEET#4 2023/2024
A Proceeds of Taxes 164,924,632 '
B Exclusion -
C Appropriation Subjectto Limit 164,924,632
D Current Year Limit (2023/2024) 215,434,184
E Over (Under) Limit (C-D) (50,509,552)
U
Resolution No. 25132
Page 5
CITY OF PALM SPRINGS
APPROPRIATION LIMIT CALCULATION
2023/2024
A Last Year's Limit(2022/2023) 206,705,983
B Adjustment Factors
1. Population % 0.9983
2. Per Capita Personal Income% 1.0440
Total Adjustment (81 X 132) 1.04223
C Annual Adjustment ((B -1.00)*A) 8,728,201
D Other Adjustments -
E Total Adjustments 8,728,201
F This Year's limit (A+E) (2023/2024) 215,434,184