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Town Council Resolution No. 22-2022 06/15/2022
RESOLUTION NO. 22-2022
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TIBURON ESTABLISHING AN APPROPRIATION LIMIT FOR FISCAL YEAR 2020-21 PURSUANT TO ARTICLE XIII B. OF THE CONSTITUTION OF THE STATE OF CALIFORNIA
WHEREAS, Article XIII B. of the Constitution of the State of California requires
governmental jurisdictions to establish appropriations limits each year, and
WHEREAS, the previously established limit for Fiscal Year 2021-22 was $11,191,117 and the State Department of Finance has determined that the 2022-23 Per Capita Personal Income Factor is 7.55%, and the Population Change Factor is -1.20%;
the Director of Administrative Services estimates that legislated pass-through fees of the
County will be $68,250; the Director of Administrative Services of the Town of Tiburon has determined that the appropriations limit in the amount of $11,959,864 shall be established for Fiscal Year 2022-23.
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of
Tiburon that an appropriations limit in the amount of $11,959,864 is established for Fiscal Year 2022-23 pursuant to Article XIII B of the Constitution of the State of California.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town
of Tiburon on June 15, 2022 by the following vote: AYES: COUNCILMEMBERS: Fredericks, Griffin, Ryan, Their, Welner NOES: COUNCILMEMBERS: None
______________________________ JON WELNER, MAYOR
ATTEST:
___________________________________ LEA STEFANI, TOWN CLERK
DocuSign Envelope ID: F9EDB4A9-BDF6-4F14-88AE-4482195B12E0
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Town Council Resolution No. 22-2022 06/15/2022
APPROPRIATIONS LIMIT DATA TOWN OF TIBURON
2020-2021 SUMMARY
2019-2020 APPROPRIATIONS LIMT 10,142,889
CALCULATION OF 2020-2020 APPROPRIATIONS LIMIT
1. Annual Change Factors:
Per Capita Personal Income or 3.730%
Non-residential Assessed Valuation plus 0.000%
Tiburon Population or -0.043%
Marin County Population (whichever is greater)
2. Cumulative Factor: (1 + .0373) X (1 + .00043)
1.03685
3. Annual Adjustment Amount (Last FY Limit X 2.Cumulative Factor) 373,806
4. Property Tax Collection Fees 64,818
2020-2021 APPROPRIATIONS LIMT 10,581,513
2020-2021 ESTIMATED PROCEEDS SUBJECT TO APPROPRIATIONS LIMIT
Property Taxes 5,640,635
ERAF 675,000
Sales & Use Tax 400,000
Sales Tax 63,450
Transient Occupancy Tax 466,686
Real Property Transfer Tax 180,000
Business License Tax 240,000
State Motor Vehicle License Fees 6,500
Refunds & Reimbursements 1,000
Other Revenue 5,500
Rent- Antenna Site 78,005
Interest Earned from Taxes (LAIF) 221,839
TOTAL PROCEEDS SUBJECT TO LIMIT
7,978,615
2020-2021 ESTIMATED LEEWAY 2,602,898
DocuSign Envelope ID: F9EDB4A9-BDF6-4F14-88AE-4482195B12E0