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HomeMy WebLinkAboutReso 43-25 Appropriations Limit for FY 2025-26 - signed RESOLUTION NO. 43-25 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MORRO BAY, CALIFORNIA, ESTABLISHING THE ANNUAL PROPOSITION 4 APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2025-26 THE CITY COUNCIL City of Morro Bay, California WHEREAS, Article XIIIB of the California Constitution restricts the appropriation of tax proceeds that the City receives in any given fiscal year; and WHEREAS, the City has calculated the FY 2025-26 appropriations limit, in accordance with the provisions of Article XIIIB of the California Constitution; and WHEREAS, in June 1990, the California voters approved Proposition 111, amending the Gann Initiative to provide local agencies with the option of using either the city or county population change percentage, whichever is greater. The City is calculating this limit using the San Luis Obispo County population change and the California Per Capita Personal Income, referred to as the Price Factor (outlined in Exhibit 3, attached hereto); and WHEREAS, the City has complied with Government Code 7910. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay, California, to adopt Resolution No. 43-25, which accepts the calculation of the FY 2025- 26 appropriations limit, as prepared by the Morro Bay Finance Department, and establishes the FY 2025-26 appropriations limit at $37,744,894, based on the calculation detailed in Exhibits 1 and 2 attached hereto. PASSED AND ADOPTED, by the City Council of the City of Morro Bay, at a regular meeting thereof held on the 24th day of June 2025, by the following vote: AYES: Wixom, Eckles, Edwards, Landrum, Luffee NOES: None ABSENT: None ABSTAIN: None RECUSED: None ______________________________________ CARLA WIXOM, Mayor ATTEST: ______________________________ DANA SWANSON, City Clerk Carla Wixom (Jun 25, 2025 16:35 PDT) Carla Wixom 005 045 050 001 003 Unfunded Developer Gov't 051 052 250 260 201-206 280 282 302 303 430 General District Compensable Reimbursment Vehicle State Road Maint.Traffic SLESF LTF LTF Risk Fund Trans Tax Leave Agreements Replacement GFER GF Fac Maint Gas Tax & Rehab SB1 CDBG Safety COPS Bikepaths Roads Management Property taxes 5,958,944 - - - - - - - - - - - - - Intergovernmental Revenues 579,490 - - - - - - 311,517 266,556 - - 150,000 11,389 29,000 - Other taxes: Sales and Use Tax 2,725,761 4,400,000 - - - - - - - - - - - - - Cannabis City Tax 490,000 - - - - - - - - - - - - - - Transient Occupancy Tax 4,590,000 - - - - - - - - - - - - - - Franchise fees 781,155 - - - - - - - - - - - - - - Other - - - - - - - - - - - - - - - Licenses/permits 817,000 - - - - - - - - - - - - - - Revenues From Current Service 2,040,775 - - - - - - - - - - - - - - Fines/Forfeitures 23,627 - - - - - - - - - 10,000 - - - - Other Revenues 30,980 - - 210,000 - - - - - - - - - - 1,767,307 Use of money and property: Interest 150,000 - - - - - - - - - - - - - - Rent 468,000 - - - - - 62,592 - - - - - - - - Revenue from other agencies:- - State - - - - - - - - - - - - - - - State/County grants - - - - - - - - - - - - - - - Federal grants - - - - - - - - - - - - - - - 18,655,732 4,400,000 - 210,000 - - 62,592 311,517 266,556 - 10,000 150,000 11,389 29,000 1,767,307 450 311 & 921 315 321 & 922 331 & 923 500 & 565 570 515-2430 900 907 915 925 924 941 All Funds Water Sewer Special Special Gov't Capital TOTAL Information Operating &Utility Operating &Harbor Ops Assessmt Assessmt PEG Gov Economic Improvement Triangle Lot State Park Housing ESTIMATED Technology Capital Imprv.Discount Capital Imprv.& Equipment Districts Cloisters Fees Impact Developmen Projects Boat Yard Marina In-Lieu REVENUES Property taxes - - - - - 8,477 148,944 - - - - - - - 6,116,365 Intergovernmental Revenues - 287,085 - - 113,000 - - - - - 1,008,900 - - - 2,756,937 Other taxes:- Sales and Use Tax - - - - - - - - - - - - - - 7,125,761 Cannabis City Tax - - - - - - - - - - - - - - 490,000 Transient Occupancy Tax - - - - - - - - - - - - - - 4,590,000 Franchise fees - - - - - - - - - - - - - - 781,155 Other - - - - - - - - - - - - - - - Licenses/permits - - - - - - - - - - - - - - 817,000 Revenues From Current Service 80,000 7,649,200 - 9,460,000 2,711,821 - - - 105,946 - - - 110,000 10,000 22,167,742 Fines/Forfeitures - 55,000 - 30,000 8,000 - - - - - - - - - 126,627 Other Revenues - - - 150,000 500 - - - 35,000 - - - - - 2,193,787 Use of money and property:- Interest - 72,637 - 243,604 30,000 - - - - - - - - - 496,241 Rent - - - 20,000 - - - - - - - 53,000 - 603,592 Revenue from other agencies:- - - State - - - - - - - - - - - - - - - State/County grants - - - - - - - - - - - - - - - Federal grants/loans - - - - - - - - - - - - - - - 80,000 8,063,922 - 9,903,604 2,863,321 8,477 148,944 - 140,946 - 1,008,900 53,000 110,000 10,000 48,265,207 CITY OF MORRO BAY APPROPRIATION LIMIT DOCUMENTATION FISCAL YEAR 2025/26 CITY OF MORRO BAY APPROPRIATION LIMIT DOCUMENTATION FISCAL YEAR 2025-26 PROCEEDS OF TAXES CALCULATION APPROPRIATION LIMIT CALCULATION [1]PROCEEDS TOTAL [2][3] PROCEEDS OTHER THAN ESTIMATED CALIFORNIA POPULATION OF TAXES TAXES REVENUES YEAR PCPI CHANGE CHANGE LIMIT PROPERTY TAXES $6,116,365 6,116,365 1978-79 BASE YEAR $3,046,393 INTERGOVERNMENTAL 2,756,937 2,756,937 1979-80 10.17%1.38%3,402,527 OTHER TAXES 12,205,761 781,155 12,986,916 1980-81 10.53%0.26%3,770,591 PERMITS 817,000 817,000 1981-82 9.12%1.39%4,171,660 REVENUE FROM AGENCIES - 1982-83 6.79%2.04%4,545,796 STATE - 1983-84 2.35%1.81%4,736,835 STATE/COUNTY GRANTS - 1984-85 4.74%1.75%5,048,185 FEDERAL GRANTS - 1985-86 3.74%1.62%5,321,826 USE OF MONEY & PROPERTY - 1986-87 2.30%4.12%5,668,530 INTEREST 496,241 496,241 1987-88 3.04%2.93%6,011,990 RENT 603,592 603,592 1988-89 3.93%3.83%6,487,570 FINES & FORFEITURES 126,627 126,627 1989-90 4.98%3.92%7,077,629 CHARGES FOR SERVICES 22,167,742 22,167,742 1990-91 4.21%4.59%7,714,137 OTHER REVENUES 2,193,787 2,193,787 1991-92 4.14%3.04%8,277,721 1992-93 -0.64%1.00%8,306,991 $18,322,126 $29,943,081 $48,265,207 1993-94 2.72%1.86%8,691,654 1994-95 0.71%1.40%8,875,912 TRUE 1995-96 4.72%1.60%9,443,573 1996-97 4.67%2.31%10,112,922 1997-98 4.67%2.06%10,803,250 1998-99 4.15%2.70%11,555,378 1999-2000 4.53%2.28%12,354,234 2000-01 4.91%2.46%13,279,663 2001-02 7.82%1.60%14,547,223 2002-03 -1.27%1.80%14,620,998 2003-04 2.31%1.32%15,156,198 2004-05 3.28%1.15%15,833,334 2005-06 5.26%1.19%16,864,495 2006-07 3.96%0.73%17,660,315 2007-08 4.42%0.96%18,617,934 2008-09 4.29%1.12%19,634,110 2009-10 0.62%1.01%19,955,375 2010-11 -2.54%0.87%19,617,710 2011-12 2.51%1.09%20,329,315 2012-13 3.77%0.47%21,194,880 2013-14 5.12%0.52%22,395,914 2014-15 -0.23%0.09%22,364,513 2015-16 3.82%0.78%23,399,944 2016-17 5.37%0.77%24,846,376 2017-18 3.69%0.59%25,915,210 2018-19 3.67%0.35%26,960,330 2019-20 3.85%0.24%28,065,499 2020-21 3.73%-0.42%28,990,070 2021-22 5.73%-0.30%30,559,247 2022-23 7.55%0.28%32,958,496 2023-24 4.44%-0.50%34,249,744 2024-25 3.62%-0.08%35,461,193 2025-26 6.44%0.00%37,744,894 PROCEEDS OF TAXES 18,322,126 PROCEEDS OF TAXES UNDER APPROPRIATION LIMIT $19,422,768 May 2025 Dear Fiscal Officer: Subject: Price Factor and Population Information Appropriations Limit California Revenue and Taxation Code Section 2227 requires the Department of Finance to transmit an estimate of the percentage change in population to local governments. Each local jurisdiction must use their percentage change in population factor for January 1, 2025, in conjunction with a change in the cost of living, or price factor, to calculate their appropriations limit for fiscal year 2025-26. Attachment A provides the change in California’s per capita personal income and an example for utilizing the price factor and population percentage change factor to calculate the 2025-26 appropriations limit. Attachment B provides the city and unincorporated county population percentage change along with the population percentage change for counties and their summed incorporated areas. The population percentage change data excludes federal and state institutionalized populations and military populations. Population Percent Change for Special Districts Some special districts must establish an annual appropriations limit. California Revenue and Taxation Code Section 2228 provides additional information regarding the appropriations limit. Article XIII B, Section 9(C) of the California Constitution exempts certain special districts from the appropriations limit calculation mandate. The code section and the California Constitution can be accessed at the following website: http://leginfo.legislature.ca.gov/faces/codes.xhtml. Special districts required by law to calculate their appropriations limit must present the calculation as part of their annual audit. Any questions special districts have on this requirement should be directed to their county, district legal counsel, or the law itself. No state agency reviews the local appropriations limits. Population Certification The population certification program applies only to cities and counties. California Revenue and Taxation Code Section 11005.6 mandates Finance to automatically certify any population estimate that exceeds the current certified population with the State Controller’s Office. Finance will certify the higher estimate to the State Controller by June 1, 2025. Please Note: The prior year’s city population estimates may be revised. The per capita personal income change is based on historical data. If you have any questions regarding this data, please contact the Demographic Research Unit at (916) 323-4086. JOE STEPHENSHAW Director By: ERIKA LI Chief Deputy Director Attachment May 2025 Attachment A A. Price Factor: Article XIII B specifies that local jurisdictions select their cost of living factor to compute their appropriation limit by a vote of their governing body. The cost of living factor provided here is per capita personal income. If the percentage change in per capita personal income is selected, the percentage change to be used in setting the fiscal year 2025-26 appropriation limit is: Per Capita Personal Income Fiscal Year Percentage change (FY) over prior year 2025-26 6.44 B. Following is an example using sample population change and the change in California per capita personal income as growth factors in computing a 2025-26 appropriation limit. 2025-26: Per Capita Cost of Living Change = 6.44 percent Population Change = 0.28 percent Per Capita Cost of Living converted to a ratio: 6.44 + 100 = 1.0644 100 Population converted to a ratio: 0.28 + 100 = 1.0028 100 Calculation of factor for FY 2025-26: 1.0644 x 1.0028 = 1.0674 FISCAL YEAR 2025-26 Attachment B Annual Percent Change in Population Minus Exclusions* January 1, 2024 to January 1, 2025 and Total Population January 1, 2025 City County Percent Change 24-25 Population Minus Exclusions 1- 1-24 Population Minus Exclusions 1-1-25 Total Population 1-1-25 Morro Bay City San Luis Obispo 0.00 10,404 10,404 10,404 County Total San Luis Obispo -0.12 276,406 276,069 279,337 Reso 43-25 Appropriations Limit for FY 2025-26 Final Audit Report 2025-06-25 Created:2025-06-25 By:Heather Goodwin (hgoodwin@morrobayca.gov) Status:Signed Transaction ID:CBJCHBCAABAAGP5bjg6uQk5e3t9MqhY_cmcJf0GgSimC "Reso 43-25 Appropriations Limit for FY 2025-26" History Document created by Heather Goodwin (hgoodwin@morrobayca.gov) 2025-06-25 - 11:30:18 PM GMT Document emailed to cwixom@morrobayca.gov for signature 2025-06-25 - 11:30:45 PM GMT Email viewed by cwixom@morrobayca.gov 2025-06-25 - 11:30:52 PM GMT Signer cwixom@morrobayca.gov entered name at signing as Carla Wixom 2025-06-25 - 11:35:23 PM GMT Document e-signed by Carla Wixom (cwixom@morrobayca.gov) Signature Date: 2025-06-25 - 11:35:25 PM GMT - Time Source: server Document emailed to Dana Swanson (dswanson@morrobayca.gov) for signature 2025-06-25 - 11:35:27 PM GMT Email viewed by Dana Swanson (dswanson@morrobayca.gov) 2025-06-25 - 11:40:10 PM GMT Document e-signed by Dana Swanson (dswanson@morrobayca.gov) Signature Date: 2025-06-25 - 11:40:21 PM GMT - Time Source: server Agreement completed. 2025-06-25 - 11:40:21 PM GMT