HomeMy WebLinkAbout25328RESOLUTION NO. 25328
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, ADOPTING AN
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2025 — 2026
ENDING ON JUNE 30, 2026.
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
2025 — 2026 ending on June 30, 2026, 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 2025 — 2026
ending on June 30, 2026, is $231,175,165 as represented on the calculation included herewith.
ADOPTED THIS 25TH DAY OF JUNE 2025.
SEott Stiles, City Manager
ATTEST:
Brenda Pree, MMC, CERA
City Clerk
Resolution No. 25328
Page 2
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. 25328 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 this 25t' day of June, by the following vote:
AYES: Councilmembers Ready, Garner, Bernstein, Mayor Pro Tern Soto, and Mayor
deHarte
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 jgfi day of July, 2025.
/Zll� t� -
ren a Pree, City Clerk
City of Palm Springs, California
Resolution No. 25328
Page 3
CITY OF PALM SPRINGS
APPROPRIATION LIMIT CALCULATION
FY 2025-26 proposed Budget
Proceeds Interfund
FUND NAME FUND # of taxes' Revenues" interest- Other Total
General Fund
100
148,570,688 2,520,000
3,833,400
29,998,453
184,922,541
Small Hotel TBID
119
833,200 -
1,300
834,500
Forfeited Assets
120
-
6,200
23,300
29,500
Safety Augmentation
121
1,589,200
72,700
185,100
1,847,000
Special Development
123
-
CSA 152
124
-
1,800
189,700
191,500
Recycling
125
13,500
386,000
399,500
Gas Tax Improvement
133
-
72,700
1,071,700
1,144,400
Measure A
134
3,553,165
100,000
4,719,112
8,372,277
Drainage
135
-
56,000
286,300
342,300
Emergency Response Fee
136
14,000
1,221,100
1,235,100
CDBG
137
-
948,298
948,298
Sustainability
138
36,300
847,000
883,300
Master Lease
139
-
CFD Public Safety 41
140
-
35,300
1,272,200
1,307,500
Land/Lite/Park Maint Dst
141
270,000
16,100
19,900
306,000
AQMD
149
-
2,500
59,400
61,900
Public Arts
150
13,200
159,400
172,600
Library Endowment
151
27,500
-
27,500
Quimby Act Fees
152
60,200
511,800
572,000
Special Projects
160
55,000
-
55,000
Special Grants
170
-
-
-
Capital Improvements
261
Debt Service fund
301
86,500
11,944,372
11,930,872 ,
Airport Customer Fac
405
1,497,717
8,267,414
9,765,131
Airport PFC
410
694,895
6,128,680
6,823,575
Airport
415
1,920,560
52,618,193
54,538,758
Airport Capital Projects
416
-
37,051,071
37,051,071
WWTP
420
11,889,024
11,889,024
Golf Course
430
5,647,761
5,647,761
MVR
510
418,770
5,246,303
5,665,073
Facilities Maintenance
520
609,239
5,606,661
6,215,900
PERS
530
125,000
29,949,202
29,974,202
Risk Management
540
525,000
26,917,729
27,442,729
Retiree Health Insurance
5,41
104,000
2,900,000
3,004,000
Energy
550
44,527
4,245,471
4,289,998
Equip Replacement
570
-
250,000
250,000
Housina Successor
879
-
SUB -TOTAL
154,816,253 2,520,000 10,443,908
250,360,649
418,140,810
Enterprise/Internal Service
- - (5,939,708)
(196,617,514)
(202,557,221)
TOTAL
154,816,253 2,520,000 4,504,200
53,743,135
215,583,588
Resolution No. 25328
Page 4 0
INTEREST EARNINGS PRODUCED BY TAXES 2025/2026
A Non Interest Tax Proceeds 154,816,253
B Minus Exclusions -
C Net Invested Taxes (A - B) 1540816,253
D Total Non Interest Budget 211,079,388
E Tax Proceeds as Percent of Budget (C/D) 73.35%
F Interest Earnings 4,504,200
G Interest Earned From Taxes (E x F) 3,303,607
H Interest Earned From Non Taxes (F - G) 1,200,593
WORKSHEET #4 2025/2026
A Proceeds of Taxes 154,816,253
B Exclusion -
C Appropriation Subject to Limit 154,816,253
D Current Year Limit (2025/2026) 231,175,165
E Over (Under) Limit (C-D) (76,358,912)
fll
Resolution No. 25328
Page 5
CITY OF PALM SPRINGS
APPROPRIATION LIMIT CALCULATION
2025/2026
A Last Year's Limit (2023/2024)
B Adjustment Factors
1. Population
2. Per Capita Personal Income %
Total Adjustment (131 X 62)
C Annual Adjustment ((B-1.00)`A)
D Other Adjustments
E Total Adjustments
F This Year's Limit (A+E) (2024/2025)
L
223,165,932
0.9997
1.0362
1.03589
8,009,233
8,009, 233
231,175,165
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