HomeMy WebLinkAbout33-16 RESOLUTION 33-16
A RESOLUTION OF THE CITY COUNCIL OF THE TOWN
OF LOS ALTOS HILLS ADOPTING THE FISCAL YEAR
2016-17 APPROPRIATION LIMIT, AND
2016-17 APPROPRIATIONS AND INTER-FUND TRANSFERS
WHEREAS, the City Council of the Town of Los Altos Hills has received and completed its
review of the proposed 2016-17 Operating and Capital Budget; and
WHEREAS, the City Council of the Town of Los Altos Hills now desires to adopt the
Appropriations Limit, Appropriations and Inter-fund Transfers for fiscal year 2016-17.
NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby resolve as
follows:
1. The City Council does hereby approve and adopt an appropriations limit, pursuant to
California Constitution Article XIII B, for fiscal year 2016-17 of$6,488,680 as set forth in
Exhibit IA: GANN Appropriation Limit Calculation.
2. The City Council does hereby approve and adopt the Town's budget of$17,065;976 for
fiscal year 2016-17 consisting of appropriations and inter-fund transfers as set forth in
Exhibit 1B of the Fiscal Year 2016-17 Operating and Capital Budget.
3. The amount of the 20.16-17 fiscal year budget for each account area of the budget may be
drawn upon in the form of warrants issued for payment of demands and certified in
accordance with the provisions of California Government Code Section 37208 and 37209.
4. The City Manager is hereby authorized to prepare an administrative budget which further
specifies the accounts for the expenditure of appropriations approved by the City Council
and set forth in GANN Appropriation Limit Calculation section. The City Manager shall
provide the Council with copies of this budget.
5. The City Manager shall periodically report to the City Council the amount and
classification of revenues received and expenditures made.
6. A copy of the adopted budget, signed by the Mayor and attended to by the City Clerk, shall
be kept on file with the City Clerk of the Town of Los Altos Hills, as the official budget of
the Town of Los Altos Hills for the 2016-17 fiscal year.
The above and foregoing Resolution was passed and adopted by the City Council of the Town of
Los Altos Hills as a regular meeting held on 16th of June, 2016 by the following vote:
Resolution 33-16 Page 1
AYES: Harpoothan, Waldeck, Corrigan, Radford, Spreen
NOES: None
ABSENT: None
ABSTAIN: None
By:
o Harpoothan, Mayor
ATTEST:
eborah-L. Padovan, City Clerk
Resolution 33-16 Page 2
Exhibit 1A
Town of Los Altos Hills
Appropriations Limit Calculation for Fiscal Year 2016-17
A. Calculation of 2016-17 Appropriations Limit
Prior Year Appropriation Limit $ 6,081,370
Annual Change Factors
Cost of living adjustment factors
California per capita personal income(CPCPI) 1.0537
Population adjustment factors
Town of Los Altos Hills(LAH) 1.0073
County of Santa Clara(SCC) 1.0126
Authorized Adjustment Factor
CPCPI X LAH Population change 1.0670
2016-17 Appropriation Limit as adjusted
Prior year limit x Authorized Adjustment Factor $ 6,488,680
B. 2016-17 Estimated Tax Proceeds Subject to Appropriations Limit
Property taxes
Current secured and unsecured $ 3,957,760
In-lieu of vehicle license fees&triple flip 968,200
Supplemental taxes 81,600
Homeowner's property tax exemption 19,900
Subtotal all property taxes $ 5,027,460
Other Taxes
General sales tax $ 65,000
Property transfer taxes 200.000
Business tax 211,000
Public safety sales tax 54,000
Subtotal all other taxes $ 530,000
Total estimated tax proceeds subject to appropriations limb $ 5,557,460
C. 2016-17A to,riations Subject to Limit
Appropriations supported by tax proceeds(net of user fees and reimbursements)
Administration $ 1,835,400
Committees and Grants 247.160
Public Safety 1,702,700
Planning,Building,Engineering 1,795,070
Parks&Recreation 672.152
Total appropriations subject to limit $ 6,252,482
0. Over Under Appropriations Limit
Appropriations limit as adjusted $ 6,488,680
Total appropriations subject to limit 6,252,482
Appropriations Over(Under)Appropriations Limit $ (236,198)
-4%
Resolution 33-16 Page 4
Exhibit 1 B
Town of Los Altos Hills
2016-17 Appropriations&Transfers Summary
Projected 2016/17 Budget Estlunated
Fund Balance Fund Balance
Fund No Fund Tltle @7/1/2016 Revenue Expentl0ure Transfers In/Out @6/30/2017
011 General Fund
3210 Operating Contingency 350,000 - 350,000
3200 Disaster Contingency 1,250,000 - 1,250,000
3203 Pension Reserve 500,000 70,000 570,000
3205 R Reserve 15,000 5,000 20,000
3206 Pr ate/Public Road - 200,000 200,000
3207 Risk Management Reserve - 80,000 80,000
unassigned Fund Balance 7,164,653 10,716,460 (8,811,982) (637,212) 81431,919
Subtotal 9,279,653 10,716,460 (8,811,982) 117,788 11,301,919
012 Storm Drain Opera0on 426,315 - - (426,316) (1)
013 Pathways Operation 640,882 - - (640,882) -
016 Parker&Re,in-ueu 209,529 42,000 - (40,939) 210,590
017 Street Fund 259,758 - (259,759) -
021 COPS Fund 157,163 100,400 (161,700) - 95,863
071 Special Donation 21,132 21,132
Subtotal 1,714,779 142,400 (161,700) (1,367,895) 327,584
Debt Ser,,ice Funds
033 CA Energy Commission Loan - - - - -
034 CA Energy Loan 003-09-ECD
Subtotal
041 General CIP 51,397 - (325,789) 325,789 51,397
042 Pathways CIP 220,037 182,200 (212,000) - 190,237
043 Westwind Barn OF 87,656 46,000 (50,000) - 83,656
045 Drainage CIP 415,210 150,000 1160,0001 - 405,210
00(1 Street CIP 65,682 267,800 (1,100,000) 924,318 157,800
Subtotal 839,982 646,000 (1,847,789) 1,250,107 888,300
048 Sewer CIP 1,138,726 3,500 (1,3301000) - (187,774)
051 Sewer Ops 526,949 2,95,200 12,511,900) %9,249
Subtotal 1,665,675 2,957,700 (3,841,900) - 781,475
Total Town-Wide 13,500,089 14,462,560 (14,663,371) - 13,299,278
Resolution 33-16 Page 3