RESOLUTION NO. 22-66
Resolution Of The City Council Of The City Of Emeryville Adopting An Appropriations Limit For The 2022-23 Fiscal Year Of $132,398,346 WHEREAS, pursuant to Article XIIIB of the California Constitution, the City of Emeryville is required to annually adopt an Appropriations Limit for the following fiscal year identifying the limit for appropriation of revenues from tax proceeds; and WHEREAS, the City Council must annually identify the population and inflation adjustment factors utilized to calculate the Appropriations Limit; and WHEREAS, the calculation of the Appropriations Limit is shown in Appendix A; now, therefore, be it
RESOLVED, that the City Council of the City of Emeryville hereby determines the adjustment factors used for calculation of the 2022-23 Fiscal Year Appropriations Limit is as follows:
1. Population: City population growth from January 1, 2021 to January 1, 2022 of
1.1%.
2. Inflation: California Per Capita Personal Income growth of 7.55%; and, be it, further RESOLVED, that the City Council of the City of Emeryville hereby establishes an Appropriations Limit for the 2022-23 fiscal year of $132,398,346.
ADOPTED, by the City Council of the City of Emeryville at a regular meeting held Tuesday, June 07, 2022, by the following vote:
AYES: 5
Mayor Bauters, Vice Mayor Medina and Council Members Donahue, Martinez and Welch
NOES: 0
ABSTAIN: 0
ABSENT: 0
MAYOR
ATTEST: APPROVED AS TO FORM:
CITY CLERK CITY ATTORNEY
DocuSign Envelope ID: D8E492A9-BE03-4B15-86D7-E3389757A41B City of Emeryville Fiscal Year 2021-22
Gann Appropriations Limit Calculations
City Population County Population
Change Change
Population Change as of January 1, 2021 1.10% A -0.40% A Per Capita Consumer
Change Price Index
Cost of Living FY 2021-22 7.55% B 3.20% C
FY 20-21 Gann Limit Growth Factor
1 + Larger of County and City Population 101.10%
1 + Larger of Per Capita Change and
12-Month Change in CPI for County x 107.55%
INCREASE in City's Appropriations Limit for FY 2021-22 1.087331 FY 2020-21 Appropriations Limit $ 121,764,528 D
Growth Factor x 1.087331
FY 2021-22 APPROPRIATIONS LIMIT $ 132,398,346
Notes:
C - Bureau of Labor Statistics CPI, 2021 Avg Change - SF Area (includes Alameda County) D - FY2020-21 General Fund Appropriations Limit as adopted by City Council A - California Department of Finance Population Estimate for Cities, Counties, and State, Dated May, 2021
B - California Department of Finance Letter - Price Factor and Population Information, Dated May, 2021
DocuSign Envelope ID: D8E492A9-BE03-4B15-86D7-E3389757A41B