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Resolution No. 2023-53 | Adopting City's Appropriation Limit for FY 2023-24 | Adopted 09/11/2023 RESOLUTION 2023-53 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY ADOPTING THE CITY OF GILROY APPROPRIATION LIMIT FOR FISCAL YEAR 2023-24 WHEREAS, the voters of the State of California elected to add Article XIII. B. of the California Constitution known as the Gann Initiative and Proposition 4; and WHEREAS, the State of California, Department of Finance, and the League of California Cities have established uniform guidelines and have published appropriate percentages for California per capita personal income and population changes for the implementation of the subject limit. NOW, THEREFORE, BE IT RESOLVED THAT the appropriation limit for the City of Gilroy for Fiscal Year 2023-24 is $234,422,112, as calculated and included in Exhibit A. PASSED AND ADOPTED by the City Council of the City of Gilroy at a regular meeting duly held on the 11th day of September 2023 by the following roll call vote: AYES: COUNCIL MEMBERS: ARMENDARIZ, BRACCO, CLINE, MARQUES, TOVAR, BLANKLEY NOES: COUNCIL MEMBERS: NONE ABSTAIN: COUNCIL MEMBERS: NONE ABSENT: COUNCIL MEMBERS: HILTON APPROVED: Marie Blankley, Mayor ATTEST: _______________________ Thai Nam Pham, City Clerk Marie Blankley (Sep 12, 2023 13:41 PDT) Marie Blankley Fiscal Year 2022-23 Adopted Limit 223,073,200$ Population Factor (City Growth) 1.0062 Inflation Factor (California per capita income) 1.0444 Fiscal Year 2023-24 Limit 234,422,112$ DETERMINATION OF THE APPROPRIATIONS LIMIT CITY OF GILROY FY 2023-24 AMOUNT A. Proceeds of Taxes 52,421,988$ B. Exclusions C. Appropriations Subject to Limitation 52,421,988$ D. Current Year Limit 234,422,112$ E. Over (Under) Limit (182,000,123)$ APPROPRIATIONS SUBJECT TO LIMITATION CITY OF GILROY FY 2023-24 BUDGET Proceeds Non-Proceeds REVENUE of Taxes of Taxes Total TAXES Property taxes 19,918,573$ -$ 19,918,573$ Sales & Use Tax 21,818,000 - 21,818,000 Business Licence Tax 724,000 - 724,000 Utility Users Tax 6,538,139 - 6,538,139 Transient Occupancy Tax 1,957,000 - 1,957,000 Other Taxes 442,000 - 442,000 FROM STATE Motor Vehicle in Lieu 62,800 - 62,800 Homeowners Relief 29,000 - 29,000 State Grants - 147,858 147,858 Federal 197,017 197,017 LOCALLY RAISED Franchise Fees - 2,271,965 2,271,965 Fines, Forfeitures, Penalties - 223,547 223,547 USER FEES (from Worksheet #1) 553,353 4,464,209 5,017,562 OTHER MISCELLANEOUS Transfers - 4,418,027 4,418,027 Miscellaneous - 1,942,245 1,942,245 SUB-TOTAL 52,042,865 13,664,868 65,707,733 (for Worksheet #2) INTEREST EARNINGS 379,123 99,544 478,667 (From Worksheet #2) TOTAL REVENUE 52,421,988$ 13,764,412$ 66,186,400$ GENERAL FUND CALCULATION OF PROCEEDS OF TAXES CITY OF GILROY FY 2023-24 BUDGET A. NON-INTEREST TAX PROCEEDS 52,042,865$ B, MINUS EXCLUSIONS -$ C. NET INVESTED TAXES 52,042,865$ D. TOTAL NON-INTEREST 65,707,733$ Revenue plus Reserve Withdraws E. TAX PROCEEDS AS PERCENT OF BUDGET 0.79204 F. INTEREST EARNINGS 478,667$ G. AMOUNT OF INTEREST EARNED FROM TAXES 379,123$ H. AMOUNT OF INTEREST 99,544$ EARNED FROM NON-TAXES INTEREST EARNINGS PRODUCED BY TAXES CITY OF GILROY FY 2023-24 BUDGET WORKSHEET #2 USER FEES Over(Under) Division DEPARTMENT NAME USER FEES COSTS COSTS 2601/5530 Engineering 1,438,362$ 1,177,366$ 260,996$ 2602/4020 Planning 660,000 1,861,235 (1,201,235) 2603/4030 B.L.E.S. 2,365,000 1,932,174 432,826 2605/4040 Fire Prevention - Haz Mat 554,200 433,673 120,527 Totals 5,017,562$ 5,404,448$ (386,886)$ USER FEES VERSUS COSTS CITY OF GILROY FY 23/24 WORKSHEET #1 CERTIFICATE OF THE CLERK I, THAI NAM PHAM, City Clerk of the City of Gilroy, do hereby certify that the attached Resolution No. 2023-53 is an original resolution, or true and correct copy of a city Resolution, duly adopted by the Council of the City of Gilroy at a Regular Meeting of said held on Council held Monday, September 11, 2023, with a quorum present. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of the City of Gilroy this Tuesday, September 12, 2023. ____________________________________ Thai Nam Pham, MMC, CPMC City Clerk of the City of Gilroy (Seal)