RES-2008-101RESOLUTION NO. 2008 -101
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
2008/09.
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 2008/09 is calculated by adjusting the 2007/08 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 2008/09.
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 2008/09 be established in the amount of $13,285,782.00.
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 2008/09 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 2008/09 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 approved and adopted by the City Council of
the City of Anaheim this 24th day of June 2008, by the following roll call
vote:
AYES: Mayor Pringle, Council Members Hernandez, Sidhu, Galloway, Kring
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
CITY CLERK OF THE CITY OF ANAHEIM
69309.1
CITY OF A HEIM
By
MAYOR OF THE CT'I'Y OPT ANAHEIM
2
FY 2007/08 Adopted Appropriations Limit
Adjustment Factor
FY 2008/09 Appropriations Limit
FY 2008/09 Appropriations Limit
FY 2008/09 Appropriations Subject To Limit
FY 2008/09 Appropriations Limit Margin
EXHIBIT A
2007/08 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
CALCULATIONS COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT
1.05155607
FY 2008/09 Appropriations Limit Margin, As a Percent of Limit
$12,634,402
$13,285,782
$13,285,782
9,250
$13,276,532
99.93%
2007/08 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
ADJUSTMENT FACTORS
POPULATION Selected Factor: City Population Growth
Population count provided by the
State Finance Department 346,823
Population percent change pursuant
to Sections 2227 and 2228 of the
Revenue and Taxation Code
PRICE FACTOR Selected Factor:
California Per Capita Personal 4.29%
Income Growth
POPULATION AND PRICE FACTOR
CONVERTED TO AN ADJUSTMENT FACTOR
A) Population: Converted to a factor
B) Price Factor: Converted to a factor
Ratio of change: A x B
EXHIBIT B
1.0083
1.0429
0.83%
1.05155607
EXHIBIT C
2007 /08 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
APPROPRIATIONS SUBJECT TO LIMIT CALCULATION
Total All Revenues $586,853
Reduce by Non Proceeds of Taxes 0 $586,853
Add User Fees in Excess of Costs 0 586,853
Add User Fees in Replacement of Taxes 0 586,853
Subtract Debt Service Appropriations 577,603 $9,250
Total All Appropriations $586,853
Reduce by Non Proceeds of Taxes 0 $586,853
Subtract Debt Service Appropriations 577,603 9,250
Appropriations Subject to Limit $9,250
EXHIBIT D
2007/08 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
PROCEEDS OF TAXES CALCULATION
PROCEEDS NON PROCEEDS
OF TAXES OF TAXES TOTAL
Taxes $581,853 0 $581,853
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 $581,853 $0 $581,853
Interest 5,000 0 5,000
Total $586,853 $0 $586,853