HomeMy WebLinkAbout41-09 • •
RESOLUTION No. 41= 0 9
A RESOLUTION OF
THE CITY COUNCIL OF THE TOWN
OF LOS ALTOS HILLS APPROVING THE
APPROPRIATION LIMIT OF$4,907,809
FOR FISCAL YEAR 2009-10
WHEREAS, Article XII of the California Constitution and Section 7900 et seq. of the
California Government Code requires cities to adopt limits on appropriations for each
fiscal year; and
WHEREAS, the Appropriations Limit has been calculated for the fiscal year 2009-10
and.is set forth in that certain document Approriations Limit Calculation for Fiscal Year
2009-10, attached hereto (Exhibit A) and made a part hereof; and
WHEREAS, the staff report and the documentation used in determining the
Appropriations Limit and appropriations subject to limit have been made available to the
public as required by law; and
NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby
resolve that:
1. The adjustment factors selected for calculating this Appropriations Limit are
based on a California Per Capita Personal Income change of 0.62% and the
County of Santa Clara population change of 1.56% as provided by the State of
California Department of Finance for January 1, 2009; and
2. The Appropriations Limit for fiscal year 2009-10 is established at $4,907,809;
and
3. The City Council reserves the right to recalculate this Appropriations Limit.
REGULARLY PASSED AND ADOP . : ii th day of July, 2009.
BY: - •
n Warshawsky, M0/or
ATTE T:
eiKaren Jost, 45
• • EXHIBIT A
Town of Los Altos Hills
Appropriations Limit Calculation for Fiscal Year 2009-10
June 30, 2009
A. Calculation of 2009-10 Appropriations Limit
2008-09 Appropriation Limit $ 4,802,647
Annual Change Factors
Cost of living adjustment factors
California per capita personal income (CPCPI) 0.620%
Population adjustment factors
Town of Los Altos Hills (LAH) 1.010%
County of Santa Clara(SCC) 1.560%
Authorized Adjustment Factor for 2009-10
CPCPI +SCC Population change
(1+.0062) x (1+.0156) 1.0219
2009-10 Appropriation Limit as adjusted
2008-09 appropriation limit x 2009-10 adjustment factor $ 4,907,809
B. 2009-10 Estimated Tax Proceeds Subject to Appropriations Limit
Property taxes
Current secured and unsecured $ 2,661,687
In-lieu of vehicle license fees &triple flip 687,836
Supplemental taxes 84,635
Property transfer taxes 69,394
Homeowner's property tax exemption 18,000
Subtotal all property taxes $ 3,521,552
Other Taxes
General sales tax $ 5,859
Business tax 136,915
Vehicle license fees 28,480
Subtotal all other taxes $ 171,254
Total estimated tax proceeds subject to appropriations limit $ 3,692,806
C. 2009-10 Appropriations Subject to Limit
2009-10 Appropriations supported by tax proceeds
Administration $ 1,433,488
Committees and Grants 170,000
Public Safety 1,009,747
Planning, Building, Engineering (net of user fees) 829,290
Parks & Recreation (net of user fees) 166,995
Total appropriations subject to limit $ 3,609,520
D. Over(Under)Appropriations Limit
2009-10 appropriations limit as adjusted $ 4,907,809
Total appropriations subject to limit 3,609,520
Appropriations Over(Under)Appropriations Limit $ (1,298,289)
-26%