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File Number: 20-233 <br />Assessed Valuation growth factor, whichever is higher. Cities may choose to use the percentage <br />rate of change in population within the City or county, whichever is higher. <br />ANALYSIS <br />The Appropriations Limit for prior fiscal years was predominantly based on the county population <br />factor multiplied by the assessed valuation change factor. After the passage of Proposition 111, <br />cities may use the higher of the population factors (City or County) and the higher of the California <br />per capita personal income factor or the Non-residential Property Assessed Valuation growth <br />factor. <br />For Fiscal Year 2020-2021 staff will use the County Population Growth factor of 0.37% (1.0037) <br />multiplied by the Non-Residential New Construction Assessed Value Income factor 6.35% <br />(1.0635) since the county’s population factor is higher than the City of San Leandro’s population <br />factor of -0.41%. Similarly, the City’s non-residential new construction growth factor of 6.35% is <br />higher than the State of California per capita income factor of 3.73%. <br />The calculated 2019-2020 Appropriation Limit of $248,119,855 multiplied by the adjustment <br />factor of 1.0675 produces the 2020-2021 Appropriation Limit of $264,857,995. <br />A Resolution is attached which authorizes the new Appropriations Limit for this upcoming fiscal <br />year and includes the Attachment 1 Calculation. The actual budget subject to the limitation <br />excludes self-supporting funds, capital improvement funds, capital outlay grant funds, and specific <br />exclusions such as the Gas Tax Fund. <br />The City’s Fiscal Year 2020-2021 appropriations subject to the Gann Limit is $103,547,446 and <br />is significantly below the Appropriations Limit of $264,857,995 by over $161 million. <br />Current City Council Policy <br />The City Council adopts the appropriations limit during the budget adoption process. <br />Fiscal Impact <br />None. There are impacts to the City only if the appropriation limit is exceeded by the proposed <br />Fiscal Year 2020-2021 appropriations subject to limitation. <br />CONCLUSION <br />Staff recommends City Council approve a resolution establishing the City’s appropriations limit of <br />$264,857,995 for Fiscal Year 2020-21. <br />PREPARED BY: Elizabeth Warmerdam, Interim Finance Director, Finance <br />Page 2 City of San Leandro Printed on 6/10/2020 <br />526