HomeMy WebLinkAbout25228' RESOLUTION NO.25228
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, ADOPTING AN
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2024 — 2025
ENDING ON JUNE 30, 2025.
WHEREAS, the voters approved the Gann Spending Limitation Initiative
(Proposition 4) on November 6, 1070; adding Article XII IB 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 XI II B; and
WHEREAS, the required calculation to determine the Appropriations Limit
for Fiscal Year 2024 — 2025 ending on June 30, 2025, 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
2024 — 2025 ending on June 30, 2023, is $223,165,932 as represented on the
calculation included herewith.
Resolution No. 25228
Page 2
ADOPTED THIS 27TH DAY OF JUNE 2024.
Scott C. Sitiles, City Manager
ATTEST:
Brend 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. 25228 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 27, 2024 I
by the following vote:
AYES: Councilmember Garner, Mayor Pro Tem deHarte, and Mayor Bernstein
NOES: None
ABSENT: Councilmembers Middleton and Holstege
ABSTAIN: None
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of Palm Springs, California, this 15 day of2024.
ABrend Pi6e, MMC, CERA, City Clerk
City of Palm Springs, California
CITY OF PALM SPRINGS
APPROPRIATION LIMIT CALCULATION
FY 2024-25 Proposed Budget
.. Proceeds Interfund ,
FUND NAME FUND# oftaxes* Revenues** Interest*** Other Total
General Fund
100
153,824,092 7,402,558
3,623,803
15,890,130
180,740,583
Small Hotel TBID
119
807,498 -
-
--
807,498
Forfeited Assets
120
- -
1,000
-
1;000
Safety Augmentation
121
1,451,800 -
21,140
-
1,472,940
Special Development
123
-
CSA 152
124
- -
-,
300,006
300,000
Recycling
125
- -
15,082
395,484 -
410,566
Gas Tax Improvement
133
- -
-
1,225,000
1,225,000
Measure A
134
2,781,000 -
-
3,427,526
6,208,526
Drainage
135
- -
15,000
505,000
520,000
Emergency Response Fee
136
- -
2,618
1,020,000
1,022,618
CDBG
137
- - -
-
527,510
527,510
Sustainability, -
138
- -
9,016
737,922
746,938
Master Lease
139
- -
-
-
-
CFD Public Safety #1
140
- -
15,000
1,015,000
1,030,000
Land/Lite/Park Maint Dst
141
171,000 -
7,000
21,000
199,000
AQMD
149
- -
1,710
59,008
60,718
Public Arts
150
- -
7,711
501,500
509,211
Library Endowment
151
- -
28,000
15,000
43,000
Act Fees
152
- -
55,000
597,401
652,401
'Quimby
Special Projects
160
35,152
355,876
391,028
Special Grants
170
-
Capital Improvements
261
- -
-
Debt Service Fund
301
- -
-
9,939,037
9,939,037
Airport Customer Fac
405
- -
395,000
9,011,451.
9,406,451
Airport PFC
410
- -
28,000
6,575,496
6,603,496
Airport
415
- -
210,000
69,102,200
69,312,200
Airport Capital Projects
416
- -
65,000
98,650,000
98,715,000
WWTP
420
- -
580,000
11,925,212
12,505,212
Golf Course
430
- -
-
6,495,296
6,495,296
MVR
510
- -
-
10,280,872
10,280,872
Facilities Maintenance
520
- -
-
12,882,976
12,882,976
. PERS
530
- -
-
31,216,140
31,216,140
Risk Management
540
- -
-
26,240,429
26,240,429
Retiree Health Insurance
541
- -
-
3,986,553
3,986,553
Energy
550
- -
44,527
4,245,471
4,289,998
Equip Replacement
570
- -
-
500,000
500,000
Housing Successor
879
- -
-
- r
-
SUB -TOTAL
159,035,390 7,402,558
5,159,759,
327,644,490. ..
499,242,197
Enterprise/Internal Service
- -
(1,322,527)
(291,112,096)
(292,434,623)
TOTAL
159,035,390 7,402,558
3,837,232
36,532,395
206,807,574
INTEREST EARNINGS PRODUCED BY TAXES 2024/2025
A Non Interest Tax Proceeds
159,035,390
B Minus Exclusions
-
'
C Net Invested Taxes (A- B)
159,035,390
D Total Non Interest Budget
202,970,342
E Tax Proceeds as Percent of Budget (C/D)
78.35%
F Interest Earnings
3,837,232
G Interest Earned From Taxes (E x F)
3,006,625
H Interest Earned From Non Taxes (F - G)
830,607
WORKSHEET#4 2024/2025
A Proceeds of Taxes
159,035,390
B Exclusion
-
C Appropriation Subject to Limit
159,035,390
D Current Year Limit (2024/2025)
223,165,932
'
E Over (Under) Limit (C-D)
(64,130,542)
CITY OF PALM SPRINGS
APPROPRIATION LIMIT CALCULATION
2024/2025
A Last Year's Limit (2023/2024)
215,434,184
B Adjustment Factors
1. Population %
0.9997
2. Per Capita Personal Income %
1.0362
Total Adjustment (Bl X 132)
1.03589
C Annual Adjustment ((B-1.00)*A)
7,731,748
D Other Adjustments
-
E Total Adjustments
7,731,748
F This Year's Limit (A+E) (2024/2025)
223,165,932