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HomeMy WebLinkAboutAGENDA REPORT 2023 0621 CCSA REG ITEM 10CCITY OF MOORPARK, CALIFORNIA City Council Meeting of June 21, 2023 ACTION APPROVED STAFF RECOMMENDATION, INCLUDING ADOPTION OF RESOLUTION NO. 2023- 4190. (ROLL CALL VOTE: UNANIMOUS) BY A. Hurtado. C. Consider Resolution Establishing the Appropriation Limitation for Fiscal Year 2023/24 for the City of Moorpark at $49,091,379. Staff Recommendation: Adopt Resolution No. 2023-4190 establishing the FY 2023/24 appropriations limit at $49,091,379. (Staff: Yolanda Cunning Finance/Administrative Services Director and City Treasurer) (ROLL CALL VOTE REQUIRED) Item: 10.C. MOORPARK CITY COUNCIL AGENDA REPORT TO: Honorable City Council FROM: Yolanda Cunning, Finance/Administrative Services Director & City Treasurer DATE: 06/21/2023 Regular Meeting SUBJECT: Consider Resolution Establishing the Appropriation Limitation for Fiscal Year 2023/24 for the City of Moorpark at $49,091,379 BACKGROUND The Gann Spending Limitation Initiative (Proposition 4) was approved by the voters of California on the November 1979 special ballot election. This Proposition created Article XIII B of the State Constitution, which sets forth the calculation of State and local jurisdictions’ annual appropriations limit on monies that can be spent from tax revenues. Each year, the governing body of the local agency must establish the appropriations limit, by resolution, before the beginning of the following fiscal year. The goal of Proposition 4 was to keep State and local government spending capped at 1978-79 levels, adjusted for changes in population and inflation. Under Proposition 4, if a city ends the fiscal year having exceeded its appropriation limit (aka Gann limit), it must return the excess to taxpayers within two years. Initially, the appropriations limit was adjusted annually by: (1) the population change of each local agency in the preceding year (the population factor) and (2) the lesser of the Consumer Price Index (CPI) or the change in California per capita income from the preceding year (inflation or growth factor). Proposition 111, adopted in June 1990, allowed for adjustments to this methodology. For the population factor, the entity can select the greater of population change within the City or County. For the growth or inflation factor, local agencies may select the greater of growth in California per capita income, or growth in the local assessment valuation due to non-residential new construction. DISCUSSION In May of 2023, the California State Department of Finance (DOF) notified the local jurisdictions of the population and price data for use in the appropriations limit calculation for Fiscal Year (FY) 2023/2024. Based on said documentation from the DOF, the Item: 10.C. 149 Honorable City Council 06/21/2023 Regular Meeting Page 2 percentage change in population for the City of Moorpark is -0.65%, while the Ventura County percentage change is -0.72%. The preceding year’s percentage change in per capita personal income is 4.44%. Information regarding the change in local assessment valuation in non-residential new construction of 0.67% was provided by the City’s property tax consultants, HDL Coren & Cone, whose original source is the Ventura County Tax Assessor. The City elected to use the percentage change in population for the County of Ventura (-0.72%) and the percentage change in per capita personal income (4.44%) in adjusting the prior year’s appropriations limit of $47,311,913. Accordingly, the City of Moorpark’s Gann limitation for FY 2023/24 is $49,091,379. Per the Budget for Adoption, the budgeted appropriations subject to the limitation are $18,465,069. The City is $30,626,311, or 62%, under the limit. Therefore, the City’s proposed appropriations for FY 2023/24 are significantly below the mandated limits. With such a sizable margin, the provisions related to the return of taxes will not apply to the City. ENVIRONMENTAL DETERMINATION This action is exempt from the California Environmental Quality Act (CEQA) as it does not constitute a project, as defined by Section 15378 of the State CEQA Guidelines. Therefore, no environmental review is required. FISCAL IMPACT There is no fiscal impact related to the establishment of the FY 2023/24 Gann appropriations limit. COUNCIL GOAL COMPLIANCE This action does not support a current strategic directive. STAFF RECOMMENDATION (ROLL CALL VOTE REQUIRED) Adopt Resolution No. 2023-____ establishing the FY 2023/24 appropriations limit at $49,091,379. Attachment 1: Draft Resolution No. 2023-____ Attachment 2: Appropriation Limit Calculation 150 RESOLUTION NO. 2023-____ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, ESTABLISHING THE CITY’S APPROPRIATION LIMITATION FOR FISCAL YEAR 2023/24 WHEREAS, Article XIII B of the Constitution of the State of California establishes and defines annual appropriations limits for state and local government entities; and WHEREAS, Government Code Section 7910 requires that the governing body of each local government establishes its annual appropriations limitation by resolution at a public meeting; and WHEREAS, the required computation to determine the City of Moorpark’s appropriation limit for FY 2023/24 has been performed by the Finance Department in accordance with the California State Constitution and applicable sections of the Government Code. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The appropriations limitation for the City of Moorpark for Fiscal Year 2023/24 is hereby determined to be $49,091,379. SECTION 2. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original Resolutions. PASSED AND ADOPTED this 21st day of June 2023. __________________________ Chris R. Enegren, Mayor ATTEST: _________________________________ Ky Spangler, City Clerk ATTACHMENT 1 151 ATTACHMENT 2 CITY OF MOORPARK Gann Appropriation Limit Calculation Article XIII B of the California State Constitution, commonly referred to as the Gann Initiative or Gann Appropriations Limit, was adopted by California voters in 1979 and placed limits on the amount of proceeds of taxes that State and local agencies can appropriate and spend each fiscal year. The limit is different for every agency and changes each year. The annual limit is based on the amount of tax proceeds that were authorized to be spent in Fiscal Year (FY) 1978/79, modified for changes in inflation and population since that time. Inflationary adjustments are based on increases in the California per capita income or the increase in non-residential assessed valuation due to new construction. An adjustment is also made based on changes in Moorpark’s population or the County’s population. At incorporation in FY 1983/84, the Local Agency Formation Commission (LAFCO) determined that the initial appropriation limit for the City of Moorpark was $900,000. The limit was annually adjusted as prescribed by law. However, by FY 1988/89, it became evident that the appropriation limit was set too low, and the City had more revenues that could fund certain levels of service and/or capital improvement projects. Increases in a City’s Gann Limit may be achieved by a simple majority of the voters. Thus, on June 7, 1988, the voters approved Measure “C”, which increased the City’s appropriation limit for the four-year period beginning FY 1986/87 through FY 1989/90 by the amount of proceeds of taxes collected in excess of said limit for each year mentioned. Subsequently in June 1993, the City reviewed the original incorporation study and found that the LAFCO’s assumptions of revenues, which were the basis for setting the initial appropriation limit of $900,000, were erroneous. A public hearing was held to gather information and testimony regarding the correction of the initial limit. By Resolution No. 1993-953, the FY 1983/84 appropriation limit was corrected based on actual revenues of the City from $900,000 to $2,400,000. The City Council subsequently authorized the filing of a validation action with the Superior Court. On November 22, 1994 (Case No. CIV 147270) the Superior Court of the State of California for the County of Ventura set the City’s appropriation limit at $2,400,000. The subsequent years’ appropriation limits were adjusted accordingly. For FY 2023/24, the estimated tax proceeds appropriated by the Moorpark City Council are significantly under the limit established by the Gann Initiative. The adjusted Appropriation Limit for FY 2023/24 is $49,091,379. This is the maximum amount of tax proceeds the City can appropriate and spend in FY 2023/24. The budgeted appropriation subject to the limit is projected at $18,465,069, leaving the City with a remaining appropriations capacity of $30,626,311. 152 Section 7910 of the State Government Code requires the governing body to annually adopt, by resolution, an Appropriations Limit for the upcoming fiscal year. Shown below is the calculation of the Appropriations Limit for the FY 2023/24 Fiscal Year. Appropriations limit for FYE June 30, 2023:47,311,913$ Adjustment Factors: . Population Factor:0.9935 Growth/Inflation Factor:1.0444 Population Factor*Growth/Inflation Factor:1.0376114 Appropriations limit for FYE June 30, 2024:49,091,380$ CALCULATION OF FY 2023-2024 LIMIT Shown below is a table of the City’s annual historical calculations under the Gann Appropriations Limit. 1999-00 City 0.64 Per Capita Income 4.56 1.0523 $12,392,814 2000-01 City 0.07 Per Capita Income 4.91 1.0498 $13,010,402 2001-02 City 1.37 Per Capita Income 7.82 1.0930 $14,219,997 2002-03 City 4.19 Per Capita Income -1.27 1.0287 $14,627,654 2003-04 City 4.21 Non-residential new construction 9.23 1.1383 $16,650,451 2004-05 County 1.73 Per Capita Income 3.28 1.0507 $17,494,629 2005-06 City 2.66 Per Capita Income 5.26 1.0806 $18,904,696 2006-07 City 0.24 Per Capita Income 3.96 1.0421 $19,700,584 2007-08 City 1.05 Per Capita Income 4.42 1.0552 $20,788,056 2008-09 City 2.13 Non-residential new construction 4.51 1.0674 $22,189,171 2009-10 City 1.27 Non-residential new construction 16.59 1.1807 $26,198,908 2010-11 City 1.42 Per Capita Income -2.54 0.9884 $25,896,031 2011-12 City 0.93 Per Capita Income 2.51 1.0346 $26,792,899 2012-13 County 0.61 Per Capita Income 3.77 1.0440 $27,972,590 2013-14 County 0.73 Per Capita Income 5.12 1.0589 $29,619,442 2014-15 County 0.79 Non-residential new construction 5.72 1.0656 $31,561,052 2015-16 City 1.62 Per Capita Income 3.82 1.0550 $33,297,504 2016-17 City 1.81 Per Capita Income 5.37 1.0728 $35,720,629 2017-18 City 0.82 Per Capita Income 3.69 1.0454 $37,342,438 2018-19 City 0.98 Per Capita Income 3.67 1.0469 $39,092,292 2019-20 City 0.52 Per Capita Income 3.85 1.0439 $40,808,451 2020-21 County -0.38 Per Capita Income 3.73 1.0334 $42,169,750 2021-22 County -0.70 Per Capita Income 5.73 1.0499 $44,273,974 2022-23 County -0.64 Per Capita Income 7.55 1.0686 $47,311,912 2023-24 City -0.65 Per Capita Income 4.44 1.0376 $49,091,380 153