executive decision document
TRANSCRIPT
EXECUTIVE DECISION DOCUMENT
GENER{L }lAr!^AGER ACTION REQ'D:
BOARD INITIATED ITENII No
D.pt: AGM - P!rformitrc. & Budgct
Sictrrturc/Drt.: -/-_ ta rfufz\
Crn.rsl Couns.l Codtroll.r/T
At'oaos(Vel t t
District Sccrctrrv
FY22 Proposition 4 Appropriations Limit
PURPOSE:
To approve the District's Fiscal Year 2022 Appropiations Limit, as required by State lawpursuant to the Gann Initiative (Proposition 4, passed by the voters n 1979).
DISCUSSION:
The Gann Initiative (Proposition 4) provides for limits on appropriations by State and localgovemment entities. Califomia Government Code Section 7910 requires local jurisdictions toannually adopt an appropriations limit by resolution and establishes a 45-day statute oflimitations for commencement of any judicial action to challenge the appropriations limit.
Section 7910 requires the Board of Directors to establish by resolution BART's annualappropriations limit "at a regularly scheduled meeting or noticed special meeting." Further, itrequires that fifteen days prior to such meeting, documentation used in the determination ofthe appropriations limit shall be made available to the public. On May 12, 2021, thedocumentation was made available to the public.
Attachment I summarizes the F\{22 appropiations limit calculation in accordance with theuniform Guidelines for Implementation of the Gann Initiative prepared by the League ofCalifomia Cities and the information fumished by the State Departrnent of Finance.
Attachment 2 is the calculation for the margin as it relates to the Proposition 4 limit. Themargin is the difference between the appropriations limit and the expenditures subject to thelimit. Based on the calculations, the District will be below the limit of $674,576,014.
FY22 Proposition 4 Appropriations Limit
FISCAL IMPACT:No fiscal impact. The FY22 appropriations limit is$674,576,014. Operating and Capitalexpenditures subject to the appropriations limit total $435,815,380. As such the District is$238,760,634 below the subject FY22 appropriations limit.
ALTERNATIVES:
None.
RECOMMENDATION:
Approval of the following motion.
MOTION:
That the Board adopt the attached resolution which sets the District's FY22 appropriationslimit at $674,576,014.
Attachment 1
Fiscal Year 2022 Appropriations Limit: Calculation
Based on the provisions in Article XlllB of the California Constitution as approved by the votersin November 1979, the appropriations limit for each succeeding year through 1987 isdetermined by the District's 1979 appropriations base times a cumulative composite factor.The base year was later revised to 1987. The cumulative composite factor consists of theprod uct of:
1) The lesser of the relative year change in the all urban consumer price index(SF/Oakland/Hayward CPI-U)or the California per capita personal income, and
2) At the District's discretion, the relative year-to-year change in District wide population,or the population for the District's county that has the highest assessed valuation.Election of the higher of the two growth factors results in a higher appropriations limit.
The District's appropriations limit for Fiscal Year 2022 is calculated on the basis of the urbanconsumer price index (CPl-U SF/Oakland/Haywa rd ) and Alameda County's population gains as ithas the highest assessed valuation of the three counties. Steps in the calculations are as
follows:
Relevant data, percent change:o CPI-U SF/Oa kland/Hayward, 1.56730/o (applies this year per option 1 above). Population Change, Alameda County, -0.8524% (applies this year per option 2
above)
District Pooulation
Alameda
Contra Costa
A6 ot 1/1120 Asot7l7l2l % ChanPe
1,670,834 1,555,591 4.8524%
San Francisco 897,806
Total. 3,722,201
1,1s3,854 0.0254%
875,010 -2.5391%
1,153,561
3,685,455 4.9A72%
tY22 Cumulative Adiustment Factorl
CPIU sF/Oakland/Hayward x PopL]lation Factor = Current Adlustment Factor(1 +1.s673%) x (1 + (-0.8s2a%)) = 1.0070
Current Adjustment Factor x Prior YearAdjustment = Cumulative Adjustment Factor
1.0070x3.6894=3.7153
FY22 Aporooriations Limit:FY87 Appropriations Base x FY22 Cumulative Adj Factor FY22 Appropriations Limit
s181.558.000x3.71s3=5674.576.074
Note: s@ MoEo Cwnq @d thto don co6ty n not to be inctuk.l alrhoueh 9. Mot@ ond Sonto ootu @ iMd bt uRI, the oinn.r is cohpriad ohly 4 sF, cc ond No6..h counnes-
'ttot€: Poputdi@ q@'.th l@Iot to cM. lM .ounty wirh the hbhest @ed @tuotion lrlonedo Countl) or the dinti.t-wi.h totol - tl1ich.n, is hiqheL
BEFORE THE BOARD OF DIRECTORS OF THE
SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT
ln the Matter of the Establishment
Of the Fiscal Yeat 2022Aporopriations Limit Resolutio n No.
WHEREAS, Article XlllB of the California Constitution limits the District's appropriations for Fiscal
Year 1981, and subsequent years; and
WHEREAS, Government Code Section 7910 requires the District to establish, by resolution, its
appropriations limit pursuant to Article XlllB; and
WHEREAS, documentation used in the determination of the Fiscal Yeat 2022 appropriations limithas been available to the public for at least fifteen days prior to the date ofthis resolution;
NOW, THEREFORE, BE lT RESOLVED by the Board of Directors of the San Francisco Bay Area
Rapid Transit District that the District's appropriations limit for Fiscal Year 2022 shall be 5674,576,014.
5484
Adopted: May 27, 2021
SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT
300 Lakeside DriveOakland, CA 94612
Appropriations Limit for Fiscal Year 2022Notice of Documentation for Review
and Time of Meeting
Notice is Hereby Given That:
A. Documentation used in determining the District's appropriations limit for the fiscal year July1, 2021to June 30,2022 will be available for public review on and after May 12, 2021at 9:00a.m. at the Office of the District Secretary, Twenty-third Floor, 300 Lakeside Drive, Oakland,California.
B. At its scheduled meeting on Thursday, May 27,2O27 at 9:00 a.m., the Board of Directors willaddress the District's appropriations limit for Fiscal Year 2022.
Pursuant to Governor Newsom's Executive Order N-29-20 and the California Shelter-in-Placemandate, public participation for this public hearing will be via teleconference only. Log-in
instructions for a teleconferenced public hearing will be available on the BART website(www.bart.gov).
We strongly encourage public comments to be submitted via email. You may submitcomments via email to board.meeting@ ba rt.gov, using "public hearing" as the subjectline. Your comment will be read into the record and will become a permanent part of thefile. Please submit your comments as far in advance as possible. Emailed comments must be
received before 9:00 a.m. in order to be included in the record.
Comments may be made at the hearing or should be sent to:Jacqueline Edwards, District SecretarySan Francisco Bay Area Rapid Transit District300 La keside Drive,23'd FloorOakland, California 94612
Jacqueline EdwardsDistrict SecretarySan Francisco Bay Area Rapid Transit District
ATTACHMENT 2FY22 PROPOSITION 4 APPROPRIATIONS LIM!T
Whole Dollars, as ol 05/07 /21LIMIT
CPI.U
Per Capita Personal lncome delta FYz1>FY22
District Population GrowthAnnual Adjustment Factor
Cumulative Ad.iustment Factor
t.56730t5.7300%
-0.8524r
1.0070
3.7153
NOTES & COMMENTSCPI-U for 5F/OAK/Hayward 2/2L vs 2/20State DOF Price & Population lnformation; 1/1/21 (report releasedS/7/zLlDistrictwide trowth is based on Alameda Population Growth (highest valuation)
[1+(CA Per Capita CPI)]*[1+(District population growth)](Current year factor)*(prior year cumulative factor)
Appropriations l-imit 5674,s76,0L4 (FY87 base appropriations) x (cumulative factor)APPROPRIATIONS
operatinB BudBet
Operating Expenses
OperatinB Subtotal
Operatint AllocationsMisc. Capital AllocationsOther Capital Allocations
Operating Allocations SubtotalCapital Budget
Funded
Less Funded Pass Through
Net Capital Expense
Debt 5eruice:Debt SeruiceGO Seismic & RR Bonds
Debt Seruice Subtotal
859,566,959
859,566,959
10,000,0009t,926,844
r07,926,844
1,4t9,276,622(474,135,9001
945,t40,722
57,167,323709,2a2,094766,449,4L6
FY22 Prelim Operatint Budget
FY22 Prelim Operating BudgetFYz2 Prelim Operating Budget
FYz2 Prelim Operating Budget
FYz2 Prelim Operatint Budget
FY22 Prelim Operating Budget
Per GO & RR Bond Series Debt schedule
Total Operating & Capital Appropriations s 2,073,083,941
EXCtUStONSqllocation from Reserves
{DA Mandated Seruice Expense\,let Operating Revenue:
Net Passenter Revenue
Other Operating Revenue
Subtotal:ederal Operating Funds (ARP):ederal Capital Funds:
Funded
)ebt seruice (GO Seismic & RR Bonds)
:apital Budget Funded from Measure M GO Bond Proceeds
:apital Budget Funded from Measure RR GO Bond Proceeds
:apital Budget Funded from Sales Tax Revenue Bond ProceedsSART Capital Funds
327,812,23013,979,000
fi5,A32,52830,088,325
195,920,853
57,090,231
327,O25,40r109,282,094
27,074,037
5tL,977,3439,665,992
63,551,380
FYz2 Prelim Operating Eudget
FY22 Prelim Operating Budget
FYz2 Prelim Operating BudBetFY22 Prelim Operating Budget
ryz2 Prelim Operating BudgetFYz2 Prelim OperatinB Budget
FYz2 Prelim Operating BudgetPer above, GO Bond Series Debt scheduleFY22 Prelim OperatinB BudgetFY22 Prelim Operating BudgetFY22 Prelim Operating Budget:Y22 Prelim ODeratins Budset
total Exclusions s 1,637,268,561
MARGIN
\ppropriations Limit\gDroDriations Subiect to Limit
$674,576,0t4435,815,380
)er above
\oproDriations less exclusions, per above
Vtargi n 5 23E,76O,634 qppropriations less expenditures subject to limitRESIDENT POPUIAIION"\lameda (highest ossessed voluotion in 2027)
PopulationPercent Change
:ontra Costa
Population
Percent Change
;an FranciscoPopulation
Percent Change)istrict Total
Population
Percent Change
1,656,591
4.t524%
1,153,854
0.0254%
875,010-2.5397%
3,685,455-0.9a72%
DOF Price & Population lnformation, 1/1/21 (report released 5/7 /21]l
DO F Price & Population I nformation, L / 1 /2L (rc?oft rcleased 5/7 12Ll
;tate DOF Price & Population lnformation, 1/1/21 (report released 5/7/?Ll
ium of population for BART counties>ercent increase
population" and ancludes frilitary and other temporary residents. Per State Depadment of Financ., priqr ye.r City and County population estimatls may