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HomeMy WebLinkAbout07. Establish FY 2019-20 appropriations limit Page 1 of 4 Item 7. CENTRAL SAN BOARD OF DIRECTORS POSITION PAPER MEETING DATE: SEPTEMBER 5, 2019 SUBJECT: ADOPT RESOLUTION NO. 2019-054 ESTABLISHING THE APPROPRIATIONS LIMIT IN THE AMOUNT OF $115,106,870 FOR FISCAL YEAR 2019-20, I N ACCORDANCE WITH ARTICLE XIII B OF THE CALIFORNIA CONSTITUTION, USING THE CHANGE IN THE CALIFORNIA PER CAPITA PERSONAL INCOME PERCENTAGE AND CHANGE IN POPULATION TO CALCULATE THE APPROPRIATIONS LIMIT SUBMITTED BY: INITIATING DEPARTMENT: CHRIS THOMAS, FINANCE ADMINISTRATOR ADMINISTRATION-FINANCE REVIEWED BY: KEVIN MIZUNO, FINANCE MANAGER PHIL LEIBER, DIRECTOR OF FINANCE AND ADMINISTRATION ANN SASAKI, DEPUTY GENERAL MANAGER Roger S. Bailey General Manager ISSUE Central San is required to establish its appropriations limit for tax proceeds that can be spent annually in accordance with Article XI I I B, Government Spending Limitation, of the California Constitution. BACKGROUND As statutorily required, the public notice was published at least fifteen (15) days prior to the September 5, 2019 Board Meeting, at which the adoption of the appropriations limit is to be considered. California's State appropriations limit, also known as the "Gann Limit," was originally established by Proposition 4 in 1979. The statute places an "upper limit" on the amount of tax proceeds that can be spent on an annual basis. Since Central San receives the vast majority of revenues from service fees, not taxes, this limitation has had no material practical effect. September 5, 2019 Regular Board Meeting Agenda Packet- Page 93 of 201 Page 2 of 4 The annual limit is based on the amount of tax proceeds that were authorized to be spent in Fiscal Year (FY) 1986-87, adjusted annually by a factor comprised of the change in population combined with the change in California per capita personal income. After thirty two (32)years of compounding under this formula, the annual limit far exceeds the actual tax proceeds received by Central San. As published by the California Department of Finance, for FY 2019-20 the annual change in population in Contra Costa County is 0.47% and the percentage change in California per capita personal income is 3.85%. Using these percentages, Central San's current appropriations limit is calculated to be $115,106,870, which far exceeds the total ad valorem tax revenue budgeted for FY 2019-20 of $17,502,415 plus estimated interest earnings of$155,000 on said tax proceeds. ALTERNATIVES/CONSIDERATIONS None. FINANCIAL IMPACTS None. COMMITTEE RECOMMENDATION No Committee review is necessary for this matter because establishment of the appropriations limit is statutorily mandated under Article XI I I B of the California Constitution entitled Government Spending Limitation. RECOMMENDED BOARD ACTION Adopt a resolution establishing the appropriations limit in the amount of $115,106,870 for FY 2019-20, in accordance with Article XI I I B of the California Constitution, using the change in the California per capita personal income percentage and change in Contra Costa County population to calculate the appropriations limit. Strategic Plan Tie-In GOAL TWO: Strive to Meet Regulatory Requirements Strategy 3- Comply with all federal, state, and local regulations related to District administration ATTACHMENTS: 1. Proposed Resolution September 5, 2019 Regular Board Meeting Agenda Packet- Page 94 of 201 Page 3 of 4 RESOLUTION NO. 2019- A RESOLUTION OF THE CENTRAL CONTRA COSTA SANITARY DISTRICT ESTABLISHING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2019-20 WHEREAS, Central Contra Costa Sanitary District (Central San) is required under Article XIII B of the State of California Constitution to establish and adopt an Appropriations Limit for each fiscal year; and WHEREAS, Central San has determined the Appropriations Limit for taxes and proceeds of taxes for Fiscal Year 2019-20 to be $115,106,870; and WHEREAS, the selection of an alternative growth factor between the per capita personal income or the change in the local assessment roll due to local non-residential construction must be made by recorded vote. WHEREAS, the data for calculation of the local non-residential construction factor is no longer readily available. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Central Contra Costa Sanitary District (Central San) as follows: THAT the Board of Directors of Central San hereby adopts the Appropriations Limit for Central San in the amount of $115,106,870 for the fiscal year ending June 30, 2020, based upon the percentage change in California per capital personal income and the percentage change in Contra Costa County population as published by the California Department of Finance. PASSED AND ADOPTED this 5t" day of September, 2019, by the Board of Directors of Central San by the following vote: AYES: Members: NOES: Members: ABSENT: Members: Michael R. McGill, P.E. President Pro Tem of the Board of Directors Central Contra Costa Sanitary District County of Contra Costa, State of California COUNTERSIGNED: September 5, 2019 Regular Board Meeting Agenda Packet- Page 95 of 201 Page 4 of 4 Resolution No. 2019- Central Contra Costa Sanitary District Page 2 of 2 Katie Young Secretary of the District Central Contra Costa Sanitary District County of Contra Costa, State of California Approved as to form: Kenton L. Alm, Esq. Counsel for the District September 5, 2019 Regular Board Meeting Agenda Packet- Page 96 of 201