CC RES 2016-025 RESOLUTION NO. 2016-25
A RESOLUTION OF THE CITY COUNCIL OF THE
II CITY OF RANCHO PALOS VERDES ESTABLISHING
THE FISCAL YEAR 2016-2017 APPROPRIATION LIMIT
FOR THE CITY OF RANCHO PALOS VERDES.
WHEREAS, the City of Rancho Palos Verdes has established its Appropriation Limit of$27,740,504 (Twenty-
Seven Million, Seven-Hundred Forty Thousand and Five Hundred Four Dollars) for FY 2016-2017; and
WHEREAS, by a letter, dated May 2016, the California Department of Finance has provided the following
factors relevant to the calculation of the Appropriation Limit for FY 2016-2017:
California Per Capita Personal Income change:
5.37% (Five Point Thirty Seven Percent)
County of Los Angeles Population Adjustment:
0.85% (Zero Point Eighty Five Percent)
WHEREAS, the City Finance staff has calculated the Appropriation Limit for FY 2016-2017 based upon the
foregoing factors and the provisions of Article XIII B of the Constitution of the State of California. The working
papers supporting the calculation are maintained in the files of the Finance department within the City.
WHEREAS, the Appropriation Limit for the City of Rancho Palos Verdes establishes the ceiling for which
proceeds from taxes can be appropriated during FY 2016-2017.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES.
111 Section 1: The Appropriation Limit of the City of Rancho Palos Verdes is $27,740,504 (Twenty-Seven Million,
Seven-Hundred Forty Thousand and Five Hundred Four Dollars) for FY 2016-2017.
Section 2: The Appropriation Limit of the City of Rancho Palos Verdes in the amount of$27,740,504 (Twenty-
Seven Million, Seven-Hundred Forty Thousand and Five Hundred Four Dollars) exceeds the proceeds from
taxes, calculated in the amount of$22,903,240 (Twenty Two Million, Nine-Hundred Three Thousand and Two
Hundred Forty Dollars) for FY 2016-2017. Therefore, the City of Rancho Palos Verdes shall be in compliance
with the provisions of Article XIII B of the Constitution of the State of California.
Section 3: The City Clerk shall certify to the passage of this resolution.
PASSED, APPROVED AND ADOPTED THE 21ST DAY OF JUNE 2016.
Mayor
ATTEST:
J_ d / . //A—
.
City Clerk
State of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, Carla Morreale, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above Resolution No.
2016-25 was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held
on June 21, 2016.
' 1-7:1 .X__,
City Clerk
CITY OF RANCHO PALOS VERDES FY 16-17 FUND SUMMARY Exhibit A
Fund Balance FYI6-17 Estimated Resources FY16-17 Estimated Appropriations Fund Balance
Fund 6/30/2016 Revenues Transfers In Expenditures Transfers Out 6/30/2017
General Fund Balance 12,224,036 12,594,136
Restricted Amount(Policy Reserve) (10,531 405) (11,443,950)
GENERAL FUND Unrestricted Surplus 1,692,631 28,614,000 190,000 (22,987,900) (5,446.000) 1,150,186
Restricted by Council Action
BEAUTIFICATION FUND 1,255 900 - - - 2,155
CIP 20,402,507 1,054,400 5,200,000 (6,902,500) - 19.754.407
EQUIPMENT REPLACEMENT 2,865,804 132,030 - (687.000) - 2.310,834
BUILDING REPLACEMENT - - - - - -
EMPLOYEE BENEFITS - - - - -
tSubtotal 23,269,566 1,187,330 5.200,000 (7,589.500) - 22.067.396
Restricted by Law or External Agencies
STREET MAINTENANCE 952,336 842,600 - (1,635,500) - 159,436
1972 ACT 27,898 260,200 - (241,500) - 46,598
EL PRADO LIGHTING 24,010 2,300 - (800) - 25,510
CDBG - 192,400 - (192,400) - 0
1911 ACT 1,784,350 555,600 - (487,000) - 1,852.950
WASTE REDUCTION 436,067 208,100 - (278,600) - 365,567
AIR QUALITY MANAGEMENT 103,382 50,300 - (50,000) - 103,682
PROPOSITION C 304,998 649,100 - (538,000) - 416,098
PROPOSITION A 381,666 781,300 - (638,300) - 524,666
PUBLIC SAFETY GRANTS 27,202 100,200 - - (100,000) 27,402
MEASURE R 1,631,622 489,600 - - - 2,121,222
HABITAT RESTORATION 1,444,712 4,900 - (166,500) - 1,283,112
SUBREGION 1 MAINTENANCE 798,296 2,700 - (44,800) - 756,196
MEASURE A - 90,000 - - (90.000) 0
ABALONE COVE SEWER DISTRICT 55,929 55,400 208,000 (249,400) - 69,929
GINSBURG CULTURAL ARTS BUILDING 102,329 300 - - - 102.629
DONOR RESTRICTED CONTRIBUTIONS 873,200 2,800 - (460,000) - 416.000
QUIMBY 2,431,981 5,900 - (575,000) - 1,862,881
LOW-MOD INCOME HOUSING 55,519 44,400 - - - 99,919
AFFORDABLE HOUSING IN LIEU 589,132 1,900 - - - 591,032
ENVIRONMENTAL EXCISE TAX 139,348 23,200 - - - 162,548
BIKEWAYS 97 82,500 - (82,500) - 97
WATER QUALITY/FLOOD PROTECTION 2,526,248 8,000 - (2,343,800) - 190.448
Subtotal 14,690,322 4,453,700 208,000 (7.984,100) (190,000) 11,177,922
Subtotal for City's Funds 50,183,924 34,255,030 5,598,000 (38,561,500) (5,636,000) 45,839,454
Improvement Authorities I
IMPROV AUTH-PORTUGUESE BEND 279,509 1,100 - (114,900) - 165,709
IMPROV AUTH-ABALONE COVE 1,034,006 3,400 38,000 (74,600) - 1.000.806
Subtotal 1,313,515 4,500 38,000 (189.500) - 1.166.515
GRAND TOTAL 51,497,439 34,259,530 5,636,000 (38,751,000) (5,636.000) 47.005.969
II
Resolution No.2016-25
Exhibit A
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