RES-2015-208RESOLUTION NO. 2015-208
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM, CALIFORNIA, ADOPTING THE COMMUNITY
FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS) ANNUAL
APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2015/16.
WHEREAS, the voters of California on November 6, 1977, added Article XIII B to the State
Constitution placing various limitations on the appropriations of the state and local governments; and
WHEREAS, Article XIII B of the State Constitution provides that the appropriations limit for
fiscal year 2015/16 is calculated by adjusting the 2014/15 fiscal appropriations limit for changes in
the cost of living and population except as otherwise provided in said Article XIII B; and
WHEREAS, the information necessary for making these adjustments is attached in Exhibits
A through D; and
WHEREAS, the City of Anaheim has complied with all the provisions of Article XIII B of
the State Constitution in determining the Community Facilities District No. 06-2 (Stadium Lofts)
appropriations limit for fiscal year 2015/16.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim that
the Community Facilities District No. 06-2 (Stadium Lofts) appropriations limit for fiscal year
2015/16 be established in the amount of $16,144,600.00.
BE IT FURTHER RESOLVED that the City Council of the City of Anaheim, by recorded
vote of the City Council adopting this resolution, hereby determines and selects that, with regard to
fiscal year 2015/16 and the calculations specified herein for such fiscal year, the term "change in the
cost of living" for purposes of Section 8(e)(2) of Article XIII B of the Constitution of the State of
California shall mean the percentage change in the California per capita personal income from the
preceding year.
BE IT FURTHER RESOLVED that the City Council of the City of Anaheim, by recorded
vote of the City Council adopting this resolution, hereby determines and chooses that, with regard to
fiscal year 2015/16 and the calculations specified herein for such fiscal year, the term "change in
population" for purposes of Article XIII B of the Constitution of the State of California and Division
9 of Article 1 of the Government Code of the State of California shall mean the change in population
within the City of Anaheim.
BE IT FURTHER RESOLVED that said appropriations limit herein established may be
changed as deemed necessary by resolution of the City Council.
THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY THE
CITY COUNCIL OF THE CITY OF ANAHEIM THIS SIXTEENTH {16TH} DAY OF
JUNE, 2015, BY THE FOLLOWING ROLL CALL VOTE:
AYES: Mayor Tait and Council Members Kring, Murray, Brandman,
and Vanderbilt
NOES: None
ABSENT: None
ABSTAIN: None
CITY OF ANAHEIM
By:
MAOR OF THE CITY OF ANAHEIM
ATTE
CITY CLERK OF THE CITY OF ANAHEIM
109931
FY 2015/16 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
EXHIBIT A
CALCULATIONS & COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT
FY 2014/15 Adopted Appropriations Limit
Adjustment Factor 1.04733616
FY 2015/16 Appropriations Limit
FY 2015/16 Appropriations Limit
FY 2015/16 Appropriations Subject To Limit
FY 2015/16 Appropriations Limit Margin
FY 2015/16 Appropriations Limit Margin, As a Percent of Limit
$15,414,917
$16,144,600
$16,144,600
28,275
$16,116,325
99.82%
FY 2015/16 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
EXHIBIT B
ADJUSTMENT FACTORS
POPULATION - Selected Factor: City Population Growth
Population count provided by the
State Finance Department 351,416
Population percent change pursuant
to Sections 2227 and 2228 of the
Revenue and Taxation Code 0.88%
PRICE FACTOR - Selected Factor:
California Per Capita Personal 3.82%
Income Growth
POPULATION AND PRICE FACTOR
CONVERTED TO AN ADJUSTMENT FACTOR
A) Population: Converted to a factor 1.0088
B) Price Factor: Converted to a factor 1.0382
Ratio of change: A x B = 1.04733616
FY 2015/16 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
EXHIBIT C
APPROPRIATIONS SUBJECT TO LIMIT CALCULATION
Total All Revenues $606,265
Reduce by Non -Proceeds of Taxes 0 $606,265
Add User Fees in Excess of Costs 0 606,265
Add User Fees in Replacement of Taxes 0 606,265
Subtract Debt Service Appropriations 577,990 $28,275
Total Revenues Available for Expenditure Appropriation $606,265
Reduce by Non -Proceeds of Taxes 0 $606,265
Subtract Debt Service Appropriations 577,990 28,275
Appropriations Subject to Limit $28,275
FY 2015/16 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
EXHIBIT D
PROCEEDS OF TAXES CALCULATION
PROCEEDS
NON -PROCEEDS
OF TAXES
OF TAXES
TOTAL
Taxes
$606,265
$0
$606,265
State Subventions
0
0
0
Service Charges
0
0
0
Permit Fees
0
0
0
Fines and Forfeitures
0
0
0
Rentals
0
0
0
Sales
0
0
0
Refunds and Reimbursements
0
0
0
Internal Service Charges
0
0
0
Federal and County Subventions
0
0
0
Contributions
0
0
0
Subtotal
$606,265
$0
$606,265
Interest
0
0
0
Total Revenues
$606,265
$0
$606,265
Use of (Contribution to) Fund Balances
6,500
Grand Total
$612,765