1 T-FIN-160163/74288
Council Agenda: 6/18/24
RESOLUTION NO. ______
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SUNNYVALE ESTABLISHING THE APPROPRIATIONS
LIMIT FOR FISCAL YEAR 2024/25 PURSUANT TO
ARTICLE XIII B OF THE CALIFORNIA CONSTITUTION
WHEREA S, Ar ticle XI II B of the California Constitution (enacted with the passage of Proposition 4 in 1979; with modifications under Proposition 111, passed by the voters of California in June 1990; and implemented by California Government Code Sections 7900 et seq.), specifies that appropriations of governmental entities may increase by an amount adjusted by the cost of living and change in population from the prior year; and WHEREAS, California Government Code Section 7910 provides for the annual establishment by local jurisdictions of their appropriations limit for each fiscal year, and further provides that upon establishment of such appropriations limit any judicial action or proceeding to attack, review, set aside, void, or annul such action by the City Council must be commenced within forty-five (45) days of the effective date of the resolution establishing the appropriations limit; and WHEREAS, pursuant to Government Code Section 7910, in Report to Council (RTC) No. 24-0263, dated June 4, 2024, the Director of Finance has computed the appropriations limit applicable to the City of Sunnyvale for the fiscal year 2024/25, and transmitted the same with suggested modifications to the City Council in RTC No. 24-0264, dated June 18, 2024; and WHEREAS, documentation used in determining the appropriations limit has been made available to the public for a period of not less than fifteen (15) days prior to City Council consideration of this resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SUNNYVALE AS FOLLOWS:
1. Pursuant to the appropriations limit formula set forth by Government Code Sections 7900-7914, the City Council does hereby establish the appropriations limit for fiscal year 2024/25 for the City of Sunnyvale as $316,649,657, as documented in Exhibit A, attached hereto and incorporated herein by reference as though fully set forth.
2. Pursuant to Government Code Section 7910, no judicial action or proceeding to attack, review, set aside, void, or annul the action of the City Council in establishing the appropriations limit for fiscal year 2024/25 shall be brought unless such action or proceeding shall have been commenced within forty-five (45) days of the date of adoption of this resolution.
ATTACHMENT 3
DRAFT 6/11/24________
2 T-FIN-160163/74288
Council Agenda: 6/18/24
Adopted by the City Council at a regular meeting held on June 18, 2024, by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
RECUSAL:
ATTEST: APPROVED:
__________________________________ _________________________________
DAVID CARNAHAN
City Clerk
LARRY KLEIN
Mayor
(SEAL)
APPROVED AS TO FORM:
___________________________________
REBECCA L. MOON
CityAttorney
ATTACHMENT 3
AMOUNT SOURCE
A. LAST YEAR'S LIMIT 304,855,740$ Prior Year
B. ADJUSTMENT FACTORS
1. Population 1.0024 State Department of Finance
2. Inflation 1.0362 State Department of Finance
1.0387 (B1*B2)
Total Adjustment % 0.0387 (B1*B2-1)
C. ANNUAL ADJUSTMENT 11,793,917$ (B*A)
D. OTHER ADJUSTMENTS:
Lost Responsibility (-) 0
Transfer to private (-) 0
Transfer to fees (-) 0
Assumed Responsibility (+) 0
Sub-total 0
E. TOTAL ADJUSTMENTS 11,793,917$ (C+D)
F. THIS YEAR'S LIMIT 316,649,657$ (A+E)
CITY OF SUNNYVALE
APPROPRIATIONS LIMIT
FY 2024/25Adopted Budget
EXHIBIT A
ATTACHMENT 3
CITY OF SUNNYVALE
CALCULATION OF APPROPRIATIONS LIMIT
FY 2024/25 Recommended Budget
FY 2023/2024 FY 2024/2025
Appropriations:
1001 General Fund 227,154,457 $ 248,987,937 $
2020 Housing Fund 17,987,154 34,527,505
2060 Home Fund 89,191 1,111,667
2070 Permanent Local Housing Allocation (PLHA) - 462,456 2080 Redevelopment Housing Fund 1,304,718 306,592 2040 Community Development Block Grant Fund 1,366,188 1,498,986 2100 Park Dedication Fund 16,049,372 16,011,069 2200. Public Safety Forfeiture Fund - - 2220 Police Services Augmentation Fund 427,681 469,166 2300 Employment Development Fund 10,799,132 10,500,000 2400 Parking District Fund 383,527 394,448 2500 Gas Tax Fund 1,250,000 1,472,565
2521 RMRA (SBI) 3,761,168 3,874,003
2560 2016 Measure B Santa Clara VTA Fund 31,497,400 5,211,039 2580 VRF Local Road Improvement Fund - - 1040 Youth and Neighborhood Services Fund 1,051,309 1,383,493 3100 Capital Projects Fund 8,703,838 11,984,591 3200 Infrastructure Renovation and Replacement Fund 18,517,919 34,370,271 Total Appropriations 340,343,054 372,565,788
Appropriation Adjustments:
Current Non-Tax Revenues (127,806,679) (115,692,886) Prior Non-Tax Revenues - -
Debt Service Appropriation - -
Qualified Capital Outlay - -
Total Appropriation Adjustments (127,806,679) (115,692,886) Appropriations Subject to Limit 212,536,376 256,872,902 Growth Rate Factor 1.0441 1.0387
Total Allowable Appropriations Limit 304,855,740 316,649,657 (Prior Year Appropriations Limit x Growth Rate Factor)
Amount Under (Over) Allowable Appropriations Limit 92,319,364$ 59,776,755 $ ATTACHMENT 3
CITY OF SUNNYVALE
CALCULATION OF APPROPRIATIONS LIMIT
FY 2024/25 Recommended Budget
FY 2023/2024 FY 2024/2025
Revenues:
Tax Revenues:
Property Tax 117,631,014 $ 131,814,491 $
Sales Tax 34,286,478 37,378,546
Other Taxes 35,460,907 35,179,885
Unrestricted State Subventions 150,879 426,522 Interest Income 7,943,348 9,030,821
Total Tax Revenues 195,472,626 213,830,265
Non-Tax Revenues:
Federal Grants 12,009,643 14,950,000
Restricted State Shared Revenues 3,975,310 4,220,335 State Grants/Reimbursements 4,500,781 4,953,281 Other Intergovernmental Contributions 32,021,096 6,846,722 Franchise Fees 7,525,097 8,249,196
Permits and Licenses 2,274,571 2,331,896
Service and Development Fees 43,390,339 54,569,921 Rents and Concessions 10,321,126 12,197,540
Fines and Forfeitures 534,269 481,252
Housing Loan Repayments 1,932,349 791,972
Revenue from Sale of Property - -
Miscellaneous 130,847 265,029
Inter-Fund Loan Repayments 3,997,618 949,615
Interest Income 5,193,633 4,886,127
Total Non-Tax Revenues 127,806,679 115,692,886
Total Revenues 323,279,305$ 329,523,151$
ATTACHMENT 3