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RESOLUTION NO. 2023-R______
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CULVER CITY, CALIFORNIA, APPROVING AND
ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR
FISCAL YEAR 2023-2024.
WHEREAS, the voters of California on November 6, 1979, added Article XIIIB to the State Constitution placing various limitations on the appropriations of the State and local governments;
WHEREAS, Article XIIIB, as amended by Proposition III, provides that the appropriations limit for the fiscal year 1990/1991, and years thereafter, is calculated by adjusting the base year appropriations of fiscal year 1986/1987 for the changes in the cost of living and City population;
WHEREAS, the City of Culver City has complied with all of the provisions of Article XIII B as amended in determining the appropriations limit for fiscal year 2023-2024; WHEREAS, the information necessary for establishing appropriations limit for fiscal year 2023-2024 is attached in Exhibits "A" and “B,” which are incorporated herein by this reference as though set forth in full.
NOW, THEREFORE, the City Council of the City of Culver City, California, DOES HEREBY RESOLVE as follows:
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1. The analysis of the effect of the appropriations limit on estimated revenue for fiscal year 2023-2024 is set forth in Exhibit “A,” attached hereto and incorporated herein.
2. The appropriations limit for fiscal year 2023-2024 is hereby established as $138,125,740 in accordance with Article XIII B of the State Constitution as more fully described in Exhibit "B", attached hereto and incorporated herein.
APPROVED and ADOPTED this _______ day of ______________, 2023.
ALBERT VERA, Mayor
City of Culver City, California
ATTEST: APPROVED AS TO FORM:
JEREMY BOCCHINO, City Clerk HEATHER BAKER, City Attorney
CITY OF CULVER CITY
EXHIBIT A
ANALYSIS OF EFFECT OF APPROPRIATIONS LIMIT ON ESTIMATED REVENUE FISCAL YEAR 2023-2024
Proposed Estimated Revenues for FY 2023-2024 317,897,319$ Less Estimated Revenues for
Enterprise Funds 79,809,834$
Internal Service Funds 28,210,819 (108,020,653)
Total Governmental Type Funds 209,876,666
Less Estimated Revenues not derived from
the Proceeds of Taxes (see Schedule I) (85,283,465)
Total Estimated Revenues derived from
the Proceeds of Taxes (see Schedule I) 124,593,201$
Less Voter Approved Indebtedness 0
Less Qualified Capital Outlay (17,649,252)
Less Federal Mandates:
PARS 131,511
FLSA-Fire 506,652 (638,163)
Estimated FY 2023-2024 Revenues subject to Appropriations Limit 106,305,786$ State Subvention pursuant to Government Code Section 7903 7,500,000$ Total Estimated Revenues subject to Appropriations Limit 113,805,786 Appropriations Limit FY 2023-2024 (Exhibit B) 138,125,740 Amount Under Limit 24,319,953$
CITY OF CULVER CITY
EXHIBIT B
2023-2024 APPROPRIATIONS LIMIT
1. FY 2022-2023 Appropriations Limit 133,226,228$
2. 2023-2024 Change in Per Capita Personal Income: 4.44%
3. 2022-2023 Change in Population: -0.73%
4. Ratio of Change: (1.0444 x 0.9927)* 1.03678
5. FY 2023-2024 Appropriations Limit 138,125,740$
* Multiply FY 2022-2023 appropriations limit by the product of the percentage change in the California per capital personal income figure ([4.44 + 100]/100 = 1.0444) times the percentage change in the Culver City population ([-0.73 + 100]/100 = 0.9927) as provided by the Department of Finance.
CITY OF CULVER CITY
SCHEDULE I
ANALYSIS OF ESTIMATED REVENUES
FISCAL YEAR 2023-2024
PROCEEDS NON-PROCEEDS
OF TAXES OF TAXES
REVENUE
GOVERNMENTAL TYPE FUNDS
GENERAL FUND
PROPERTY TAXES 13,795,388$ 0
OTHER TAXES:
Sales Tax 42,352,467 0
Public Safety Sales Tax 500,000 0
Transient Occupancy Tax 12,000,000 0
Franchise Tax 0 1,475,000$
Business License Tax 22,200,000 0
Cannabis Tax 1,700,000 0
Real Property Transfer Tax 8,000,000 0
Utility User Tax 15,347,292 0
Com/Ind Development Tax 500,000 0
TOTAL OTHER TAXES 102,599,759$ 1,475,000$
LICENSES AND PERMITS 0 4,645,000
FINES, FORFEITURES AND PENALTIES 0 3,735,500
USE OF MONEY AND PROPERTY 0 1,947,905
CHARGES FOR CURRENT SERVICE 0 10,905,707
INTER FUND/DEPARTMENTAL 0 12,393,546
INTERGOVERNMENTAL 7,614,733 0
OTHER REVENUE 0 332,000
TOTAL GENERAL FUND
BEFORE INTEREST 124,009,880$ 35,434,658$
PERCENT 77.8% 22.2%
INTEREST 583,321 166,679
TOTAL GENERAL FUND 124,593,201$ 35,601,337$
CITY OF CULVER CITY
SCHEDULE I
ANALYSIS OF ESTIMATED REVENUES
FISCAL YEAR 2023-2024
PROCEEDS NON-PROCEEDS
OF TAXES OF TAXES
PARATRANSIT FUND 0 378,403$
GRANTS OPERATING FUND 0 1,349,097
BUILDING SURCHARGE FUND 0 311,000
SECTION 8 FUND 0 1,343,400
PROP A LOCAL RETURN 0 1,170,945
PROP C LOCAL RETURN 0 974,144
ASSET SEIZURE 0 10,000
SPECIAL GAS FUND 0 2,146,377
NEW DEVELOPMENT IMPACT FUND 0 50,000
PARK FACILITIES 0 120,000
CAPITAL IMPROVEMENT AND ACQUISITION 0 9,373,575
CAPITAL GRANTS 0 4,261,525
CDBG BLOCK GRANT FUNDS 0 187,945
ART IN PUBLIC PLACES 0 579,000
SPECIAL ASSESSMENT DISTRICTS 0 98,216
PARKING AUTHORITY 0 5,608,131
CC SAFE/CLEAN WATER PROTECTION 0 2,133,000
AQMD FUND 0 10,000
MOBILITY IMPROVEMENT FUND 0 2,600,000
SUCCESSOR AGENCY 0 14,899,940
MEASURE R FUNDS 0 721,608
MEASURE M FUNDS 0 825,822
LA COUNTY MEASURE W FUNDS 0 530,000
GRAND TOTAL 124,593,201$ 85,283,465$