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HomeMy WebLinkAboutRES NO 102-2023RESOLUTION NO. 102 - 2 02 3, A RESOLUTION ESTABLISHING THE CITY OF BAKERSFIELD APPROPRIATIONS LIMIT FOR FISCAL YEAR 2023-24 WHEREAS, Section 7910 of the California Government Code provides that each year the governing body of each local jurisdiction shall, by, resolution, establish its appropriations limit at a regularly scheduled meeting; and WHEREAS, any judicial action or challenge for the 2023-24 fiscal year shall be commenced within 45 days of the effective date of this Resolution. WHEREAS, the City Council of the City of Bakersfield selects the per capita personal income and the population change as growth factors in computing the fiscal year 2023-24 appropriation limit. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Bakersfield does hereby set the appropriations limit for the fiscal year 2023-24 as $549,933,696. Documentation used in the determination of the appropriations limit is available to the public at the City Manager's Office, City Hall North, 1600 Truxtun Ave, Bakersfield, CA. --- 000---------- Page 1 of > 4 I- fiR U ORDINAL HEREBY CERTIFY that the foregoing Resolution was passed and adop ed, by the Council of the City of Bakersfield at a regular meeting there f held on by the following vote: AYES: COUNCILMEMBER ARIAS, GONZALES, WEIR, SMITH, FREEMAN, GRAY,'iKAUR NOES: COUNCILMEMBER ABSTAIN: COUNCILMEMBER ABSENT: COUNCILMEMBER APPROVED By KAREN GOH Mayor APPROVED AS TO FORM: VIRGINIA GENNARO CITY ATTORNEY Y JOSHUA H. RUDNICK Deputy City Attorney Attachment: Exhibit "A" J LIE DRIMAKIS, MMC CITY CLERK and Ex Officio Clerk of the Council of the City of Bakersfield Page 2 of 2 Q�OAK,1 in � r APPROVED By KAREN GOH Mayor APPROVED AS TO FORM: VIRGINIA GENNARO CITY ATTORNEY Y JOSHUA H. RUDNICK Deputy City Attorney Attachment: Exhibit "A" J LIE DRIMAKIS, MMC CITY CLERK and Ex Officio Clerk of the Council of the City of Bakersfield Page 2 of 2 Q�OAK,1 in � r APPROPRIATIONS LIMIT PURSUANT TO STATE CONSTITUTION ARTICLE XIIIB - CITY OF BAKERSFIELD - EXHIBIT "A" PROPOSED FISCAL YEAR 2023-24 18-19 19-20 20-21 21-22 22-23 23-24 Base Year Appropriations Limit $388,695,397 $408,504,776 $42ti'vwt,zal 4.406,1/*,RL a48d,b0J,U44 a0cv,0ca,�ao Adjustment Factors: 1. Cal. per capita personal income adjustment limit 1.0367 1.0385 1.0373 1.0573 1.0755 1.0444 SUBTOTAL 402,960,518 424,232,210 445,996,768 479,142,691 520,168,849 547,818,495 2. Population Change Ratio 1.0112 1.0111 1.0143 1.0078 1.0067 1.0022 SUBTOTAL 407,473,676 428,941,187 452,374,522 482,880,004 523,653,980 549,023,696 3. Booking fees/property tax admin fe, (r) $1,031,100 (s) $1,018,100 (t) $801,200 (u) $773,040 (v) $875,410 (w) $910,000 (x) Appropriations limit for fiscal year $408,604,776 $429,969,287 $453,176,722 $483,653,044 $524,529,390 $549,933,696 Proceeds of taxes $ 162,244,600 $ 230,936,800 $ 238,387,000 $ 269,105,300 $ 306,381,500 $ 317,584,500 (r) booking fees are estimated at $400,000 and property lax admin. fees are estimated at $703,265 for FY 17-18 (s) booking fees are estimated at $379,000 and property tax admin. fees are estimated at $652,100 for FY 18-19 (t) booking fees are estimated at $379,000 and property tax admin. fees are estimated at $639,100 for FY 19-20 (u) booking fees are estimated at $160,000 and property tax admin. fees are estimated at-$641,200 for FY 20-21 (v) booking fees are estimated at $160,000 and property tax admin. fees are estimated at $613,040 for FY 21-22 (w) booking fees are estimated at $160,000 and property tax admin. fees are estimated at $715,410 for FY 22-23 (x) booking fees are estimated at $160,000 and property tax admin. fees are estimated at $750,000 for FY 23-24