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HomeMy WebLinkAboutAGENDA REPORT 1992 0617 CC REG ITEM 11ETO: FROM: DATE: SUBJECT: Overview ITE //* 4�5* MOORPARK 799 Moorpark Avenue Moorpark, California 93021 (8054#0&I Meetng .CTION: Honorable City Council Richard Hare, Deputy City Manag r „y June 12, 1992 Consider Correction of "Gann" Appropriation Limit (Limit) Staff is requesting authorization from the City Council to conduct a study and prepare a report, reviewing the base year appropriation limit established for the City when it incorporated. It is recommended that this report be considered by the City Council in a public hearing, where testimony can be taken by all interested parties regarding the base year appropriation for the City of Moorpark and the correction of that limit. Background In 1979 the voters of the State of California approved Proposition 4, commonly known as the Gann Initiative. Proposition 4 prohibits the City from spending certain tax revenues and other proceeds which exceed the City's "appropriation limit ". Any "proceeds of taxes" received by the City, which exceed the Limit, must be returned by revisions of tax rates or fee schedules unless the limit is increased by vote of the City electors. The three major components of proceeds of taxes for Moorpark include property taxes, motor vehicle license fees, and sales taxes. In other cities, it also includes occupancy taxes, business license revenue and utility users taxes. The City of Moorpark was incorporated in 1983, and its Limit was established by the Local Agency Formation Commission (LAFCO) as part of the City's incorporation proceedings. Since incorporation, the City's tax proceeds have exceeded pre - incorporation estimates and, beginning with the 1985/86 fiscal year (FY), began to exceed its Limit. Excess revenue for FY 1985/86 was refunded in the form of a one -time suspension of the annual park maintenance district assessments. On June 7, 1988, Moorpark voters approved Measure "C" which increased the Limit for the four year period from FY 1986/87 through FY 1989/90 to the actual amount of the proceeds of taxes received in each of those years. This allowed the City to appropriate all of the proceeds of taxes received in those years. The measure passed with 2,691 "yes" votes and 687 "no" votes. PAUL W. LAWRASON JR. JOHN E. WOZNIAK SCOTT MONTGOMERY BERNARDO M. PEREZ ROY E. TALLEY JR. Maya Mayor Pro Tern Councilmember Councilmember Councilmembet Honorable City Council June 12, 1992 .— Page 2 The "Gann" Fund (51) Even though there was no special requirement to account for the use of the revenue in excess of the established Limit, the Council directed staff to create a separate fund, so that the appropriation history of the "Gann" fund could be tracked. Fund 51 was created in FY 1988/89 and records the transactions using the "Gann" revenues as well as records interest earnings and transfers. The first exhibit provides a listing of the expenditures and the years in which the expenditures took place. Exhibit two provides an analysis of the fund balance each year with interest earnings for the current year's proceeds of tax and showing the end of year interest allocation based upon fund balance. This exhibit has been updated since the budget workshop held June 9, 1992. Excess Proceeds of Taxes The authorization to appropriate all proceeds of taxes ended in FY 1989/90. In FY 1990/91, $173,842 of revenue above the Limit was received. The Council with passage of the FY 1990/91 budget in June of 1990 directed that up to $89,380 excess proceeds of tax be applied to the operation & maintenance costs of the Community Center thereby reducing the Parks Maintenance Assessment for FY 1990/91. The actual operation and maintenance costs were $73,073. This left a balance of $100,771 of excess proceeds of taxes. When there are excess proceeds of taxes the Council has five options to consider as outlined by the City Manager in his recent budget message. First, the Council can seek voter approval to increase the "Gann" appropriation limit, as was done in 1988. Second, the Council could seek to increase the City's initial Limit. Third, the excess proceeds of taxes can be used to reduce or suspend other fees, assessments or taxes, thereby returning the excess proceeds of taxes to the taxpayers. Fourth, direct refunds could be made to the taxpayers. Finally, the Council may appropriate the funds for a qualified capital outlay which is a fixed asset having a useful life of 10 or more years and a value equal to or greater than one hundred thousand dollars. The use of proceeds of tax for a qualified capital outlay excludes the appropriation from consideration in the calculation of appropriations applied to the Limit. In FY 1990/91 $37,137 was expended from Fund 51 the "Gann" Fund for the Avenida Colonia /Nogales Street Project and the Charles Street project. Both projects have a useful life of more than ten years and a project value in excess of $100,000. These were qualified capital outlays and therefore are not included when calculating appropriations relative to the Limit. Therefore, the $100,771 in excess proceeds of taxes is reduced to $63,638. It is recommended that this excess proceeds of taxes be applied in the FY 1992/93 budget in the same manner as the $73,073 was applied in the FY 1990/91 budget to offset the Parks Maintenance Assessment District 85 -1. Honorable City Council June 12, 1992 �- Page 3 It is not anticipated that there will be any excess proceeds of taxes in FY 1991/92 or FY 1992/93, however, when the economy rebounds the proceeds of tax revenues will again exceed the Limit currently established. This inevitability illustrates a basic problem with the base year Limit. There is overwhelming evidence that the estimates used to establish this base year Limit understated the actual costs for operating the City of Moorpark. Within two years of the City's incorporation the required level of appropriations exceeded the base year Limit adjusted for population and consumer price increases. The expenditures for police service alone now account for sixty percent of the City's general fund budget. Necessary capital improvements were excluded from the calculation and the replacement of fixed assets as well as the maintenance of aging infrastructure was not appropriately accounted for in the initial estimates. On the surface it appears obvious that the base year appropriation level did not adequately project the needs of the City. Correcting the fiscal straightjacket that the City is in, requires the review of the base year appropriation limit which appears to understate the service levels required for this City. _.. The City of Santa Clarita successfully corrected their base year appropriation limit by conducting a study of the estimates which established it. They documented the errors in the initial calculation, held a public hearing to review the information obtained and to provide an opportunity to have the information examined by all interested parties, and then took action to correct their limit. The City of Santa Clarita went further and asked the Court to validate the process they used. Their validation action was successful. This process doubled their base year appropriation limit and made it possible for them to place their fiscal affairs within a realistic framework. Staff proposes to follow the same process used by the City of Santa Clarita. This will enable us to take steps to correct this situation over the next year in anticipation of improvements in the local economy. It is projected that this item can be submitted to the Council by September 16, 1992. Recommendation Direct staff to complete a study of the base year appropriation limit calculation performed by the County and LAFCO and to submit their findings to the City Council by September 16, 1992. June 12, 1992 C: \WP51 \REPORTS \GANNRPT Gann Expenditures PROJECT Arroyo Vista Park Arts Council Chamber of Commerce 89/90 Chamber of Commerce 90/91 Chamber of Commerce 91192 City Hall City Hall Expansion Community Center Operations Community Center Improvements Computers Disaster Services Emergency Generator Flags /Ribbons H.E.L.P. Optical disk Paramedics Peach Hill /Spring signal Police Services 88/89 Police Services 89/90 Police Services 90/91 Police Services 91/92 Radio Equip.(New Request 91/92) Senior Center St. Imp. - Ave Colonia\Nogales St. Imp. - Charles St Curb /Gutter St. Imp. - General St. lighting Tierra Rejada Median Transit Truck Scales Youth Services Totals Print Date: 12- Jun-92 City of Moorpark FY FY FY FY FY Est. 1986/87 1987/88 1988/89 1989/90 1990/91 FY91/92 0 555 1,500 1,500 6;471 111,067 31,144 74,703 22,532 41,236 68,126 1 - -- - - - - -- -- - - - - -- -- - - - - -- 0 158,774 176,668 174,507 0 0 70,000 0 150,000 3,800 85,635 0 568,400 Proposed FY 92/93 FY 92/93 Est. Total 0 1,500 2,000 14,500 9,000 50,000 0 67,992 250,843 14,246 0 23,000 23,000 555 3,000 70,000 0 6,471 111,067 31,144 74,703 150,000 3,800 0 68,126 134,500 220,135 22,532 0 0 41,236 0 20,000 20,000 177,500 1,255,849 EXHIBIT 1 35 (35) 1,500 2;000 14,500 9,000 500D00 67,992 843 250,000 14,246 555 1,500 1,500 6;471 111,067 31,144 74,703 22,532 41,236 68,126 1 - -- - - - - -- -- - - - - -- -- - - - - -- 0 158,774 176,668 174,507 0 0 70,000 0 150,000 3,800 85,635 0 568,400 Proposed FY 92/93 FY 92/93 Est. Total 0 1,500 2,000 14,500 9,000 50,000 0 67,992 250,843 14,246 0 23,000 23,000 555 3,000 70,000 0 6,471 111,067 31,144 74,703 150,000 3,800 0 68,126 134,500 220,135 22,532 0 0 41,236 0 20,000 20,000 177,500 1,255,849 EXHIBIT 1 1986 /87 RECOMPUTATION 1987 /88 RECOMPUTATION 1988 /89 RECOMPUTATION 1989 /90 RECOMPUTATION 1990 /91 RECOMPUTATION Beginning Gann Fund balance Proceeds of tax non interest) Proceeds of tax (interest) Total proceeds of tax Gann limit Excess proceeds of tax Fund 51 interest Expenditures Restricted balance expended Ending Gann Fund balance - AVAILABLE GANN FUND 1983184 - 1991/92 1983 / 84 1984 / 85 1985 / 86 1986 / 87 1987 / 88 1988 / 89 1989 / 90 1990 / 91 1991 / 92 -- - -- --- - - - - -- --- - - - - -- --- - - ---- --- - - - - -- -- - - - - -- --- - - - - -- --- - - ---- --- - - - - -- 0 --- - - - - -0 53,379 0 245,377 812,489 965,762 1,197,1% 1,101,129 - --- - - - - -- --- - - - - -- --- - - - - -- --- - - - - -- --- - - - - -- --- - - - - -- --- - - - - -- 397,440 1,071,771 1,386,164 -- 65,384 136,315 397,440 1,137,155 1,522,479 900,000 1,083,776 1,320,501 - - - - - -- --- - - - - -- --- - - - - -- 0 53,379 201,978 1,768,451 - - -- -305 1,768,756 1,523,379 245,377 2,286,7% - -- 12,470 2,299,266 1,751,146 548,120 2,581,951 3,023,085 3,104,434 3,040,250 4,490 1,382 10,008 1,170 - -- --- - - - - -- --- - - - - -- --- - - - - -- 2,586,441 3,024,467 3,114,442 3,041,420 2,337,201 2,707,050 2,940,628 3,142,910 - - - -- --- - - - - -- --- - - - - -- --- - - - - -- 249,240 317,417 173,814 0 0 18,992 62,805 90,685 78,441 33,988 0 0 (255,357) 0 0 (158,773) (176,668) (174,507) (568,400)(estimatej (73,043) --- - - - - -- --- -- - - -- --- - - - - -- --- - - - - -- --- - - - - -- --- - - - - -- --- - - - - -- --- - - - - -- 0 53,379 0 Ending Gann Fund balance - RESERVED Arroyo Vista Park Paramedics Charles street improvements Youth Services Disaster services Emergency generator Total Gann Funds - RESERVED Ending Gann Fund balance - UNRESERVED Ending Gann Fund balance - RESTRICTED 245,377 812,489 965,762 1,197,196 1,101,129 566,717 100,000 75,000 48,865 40,000 35,000 23,000 321,865 244,852 100,771 107,200 EXHIBIT 2 '