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RESOLUTION NO. 2024-R______
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CULVER CITY, CALIFORNIA, APPROVING AND
ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR
FISCAL YEAR 2024-2025.
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 2024-2025; WHEREAS, the information necessary for establishing appropriations limit for fiscal year 2024-2025 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 2024-2025 is set forth in Exhibit “A,” attached hereto and incorporated herein.
2. The appropriations limit for fiscal year 2024-2025 is hereby established as $144,399,712 in accordance with Article XIII B of the State Constitution as more fully described in Exhibit "B", attached hereto and incorporated herein.
APPROVED and ADOPTED this _______ day of ______________, 2024.
YASMINE-IMANI MCMORRIN, Mayor
City of Culver City, California
ATTEST: APPROVED AS TO FORM:
JEREMY BOCCHINO, City Clerk HEATHER BAKER, City Attorney
CITY OF CULVER CITY
EXHIBIT A
ANALYSIS OF EFFECT OF APPROPRIATIONS LIMIT ON ESTIMATED REVENUE FISCAL YEAR 2024-2025
Proposed Estimated Revenues for FY 2024-2025 330,914,032$ Less Estimated Revenues for
Enterprise Funds 86,138,194$
Internal Service Funds 29,287,443 (115,425,637)
Total Governmental Type Funds 215,488,395
Less Estimated Revenues not derived from
the Proceeds of Taxes (see Schedule I) (80,119,970)
Total Estimated Revenues derived from
the Proceeds of Taxes (see Schedule I) 135,368,425$
Less Voter Approved Indebtedness 0
Less Qualified Capital Outlay (21,387,988)
Less Federal Mandates:
PARS 118,227
FLSA-Fire 506,652 (624,879)
Estimated FY 2024-2025 Revenues subject to Appropriations Limit 113,355,558$ State Subvention pursuant to Government Code Section 7903 -$ Total Estimated Revenues subject to Appropriations Limit 113,355,558 Appropriations Limit FY 2024-2025 (Exhibit B) 144,399,712 Amount Under Limit 31,044,154$
CITY OF CULVER CITY
EXHIBIT B
2024-2025 APPROPRIATIONS LIMIT
1. FY 2023-2024 Appropriations Limit 138,125,740$
2. 2024-2025 Change in Per Capita Personal Income: 3.62%
3. 2023-2024 Change in Population: 0.89%
4. Ratio of Change: (1.0362 x 1.0089)* 1.04542
5. FY 2024-2025 Appropriations Limit 144,399,712$
* Multiply FY 2023-2024 appropriations limit by the product of the percentage change in the California per capital personal income figure ([3.62 + 100]/100 = 1.0362) times the percentage change in the Culver City population ([0.89 + 100]/100 = 1.0089) as provided by the Department of Finance.
CITY OF CULVER CITY
SCHEDULE I
ANALYSIS OF ESTIMATED REVENUES
FISCAL YEAR 2024-2025
PROCEEDS NON-TAX
OF TAXES PROCEEDS
REVENUE
GOVERNMENTAL TYPE FUNDS
GENERAL FUND
PROPERTY TAXES 15,634,751$ 0
OTHER TAXES:
Sales Tax 41,851,873 0
Public Safety Sales Tax 560,000 0
Transient Occupancy Tax 12,500,000 0
Franchise Tax 0 1,475,000$
Business License Tax 30,950,000 0
Cannabis Tax 700,000 0
Real Property Transfer Tax 8,000,000 0
Utility User Tax 16,066,723 0
Com/Ind Development Tax 500,000 0
TOTAL OTHER TAXES 111,128,596$ 1,475,000$
LICENSES AND PERMITS 0 4,041,000
FINES, FORFEITURES AND PENALTIES 0 4,450,500
USE OF MONEY AND PROPERTY 0 2,205,905
CHARGES FOR CURRENT SERVICE 0 10,646,767
INTER FUND/DEPARTMENTAL 0 10,454,131
INTERGOVERNMENTAL 7,809,658 0
OTHER REVENUE 0 1,338,500
TOTAL GENERAL FUND
BEFORE INTEREST 134,573,005$ 34,611,803$
PERCENT 79.5% 20.5%
INTEREST 795,420 204,580
TOTAL GENERAL FUND 135,368,425$ 34,816,383$
CITY OF CULVER CITY
SCHEDULE I
ANALYSIS OF ESTIMATED REVENUES
FISCAL YEAR 2024-2025
PROCEEDS NON-TAX
OF TAXES PROCEEDS
PARATRANSIT FUND 0 1,024,939$
GRANTS OPERATING FUND 0 1,620,404
BUILDING SURCHARGE FUND 0 200,000
SECTION 8 FUND 0 1,343,400
PROP A LOCAL RETURN 0 1,127,121
PROP C LOCAL RETURN 0 937,793
ASSET SEIZURE 0 10,000
SPECIAL GAS FUND 0 2,186,942
NEW DEVELOPMENT IMPACT FUND 0 -
PARK FACILITIES 0 100,000
CAPITAL IMPROVEMENT AND ACQUISITION 0 10,737,804
CAPITAL GRANTS 0 6,279,000
CDBG BLOCK GRANT FUNDS 0 182,156
ART IN PUBLIC PLACES 0 479,000
SPECIAL ASSESSMENT DISTRICTS 0 144,532
PARKING AUTHORITY 0 4,567,652
CC SAFE/CLEAN WATER PROTECTION 0 2,133,000
AQMD FUND 0 50,000
MOBILITY IMPROVEMENT FUND 0 600,000
SUCCESSOR AGENCY 0 9,560,575
MEASURE R FUNDS 0 694,345
MEASURE M FUNDS 0 794,924
LA COUNTY MEASURE W FUNDS 0 530,000
GRAND TOTAL 135,368,425$ 80,119,970$