RES-2020-074 RESOLUTION NO. 2020-074
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM, CALIFORNIA, ADOPTING THE COMMUNITY
FACILITIES DISTRICT NO. 08-1 (PLATINUM TRIANGLE)
ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR
2020/21.
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 2020/21 is calculated by adjusting the 2019/20 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. 08-1 (Platinum
Triangle) appropriations limit for fiscal year 2020/21.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Anaheim that
the Community Facilities District No. 08-1 (Platinum Triangle)appropriations limit for fiscal year
2020/21 be established in the amount of$726,470,627.00.
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 2020/21 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 2020/21 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 TWENTY-THIRD (23) DAY OF
JUNE, 2020, BY THE FOLLOWING ROLL CALL VOTE:
AYES: Mayor Sidhu and Council Members Faessel, Barnes, Brandman,
Kring, and O'Neil
NOES: Council Member Moreno
ABSENT: None
ABSTAIN: None
CITY OF ANAHEIM
By: At A .1
• = I . OF TH V 'IT e° ANAHEIM
:ITYCLERK F THE CITY OF ANAHEIM
138094
2
FY 2020/21 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO.08-1(PLATINUM TRIANGLE)
EXHIBIT A
CALCULATIONS&COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT
FY 2019/20 Adopted Appropriations Limit $699,089,298
Adjustment Factor 1.03916714
FY 2020/21 Appropriations Limit $726,470,627
FY 2020/21 Appropriations Limit $726,470,627
FY 2020/21 Appropriations Subject To Limit 40,795
FY 2020/21 Appropriations Limit Margin $726,429,832
FY 2020/21 Appropriations Limit Margin,As a Percent of Limit 99.99%
FY 2020/21 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO.08-1(PLATINUM TRIANGLE)
EXHIBIT B
ADJUSTMENT FACTORS
POPULATION-Selected Factor:City Population Growth
Population count provided by the
State Finance Department 357,308
Population percent change pursuant
to Sections 2227 and 2228 of the
Revenue and Taxation Code 0.18%
PRICE FACTOR-Selected Factor:
California Per Capita Personal 3.73%
Income Growth
POPULATION AND PRICE FACTOR
CONVERTED TO AN ADJUSTMENT FACTOR
A) Population: Converted to a factor 1.0018
B) Price Factor: Converted to a factor 1.0373
Ratio of change: A x B= 1.03916714
FY 2020/21 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO.08-1(PLATINUM TRIANGLE)
EXHIBIT C
APPROPRIATIONS SUBJECT TO LIMIT CALCULATION
Total All Revenues $2,914,195
Reduce by Non-Proceeds of Taxes 0 $2,914,195
Add User Fees in Excess of Costs 0 2,914,195
Add User Fees in Replacement of Taxes 0 2,914,195
Subtract Debt Service Appropriations 2,873,400 $40,795
Total Revenues Available for Expenditure Appropriation $2,914,195
Reduce by Non-Proceeds of Taxes 0 $2,914,195
Subtract Debt Service Appropriations 2,873,400 40,795
Appropriations Subject to Limit $40,795
FY 2020/21 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO.08-1(PLATINUM TRIANGLE)
EXHIBIT D
PROCEEDS OF TAXES CALCULATION
PROCEEDS NON-PROCEEDS
OF TAXES OF TAXES TOTAL
Taxes $2,904,195 $0 $2,904,195
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 $2,904,195 $0 $2,904,195
Interest 10,000 0 10,000
Total Revenues $2,914,195 $0 $2,914,195
Use of(Contribution to) Fund Balances 0
Grand Total $2,914,195
CLERK'S CERTIFICATE
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, THERESA BASS, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the
original.Resolution No. 2020-074 adopted at a regular meeting provided by law, of the Anaheim
City Council held on the 23rd day of June, 2020 by the following vote of the members thereof:
AYES: Mayor Sidhu and Council Members Faessel, Barnes, Brandman, Kring and O'Neil
NOES: Council Member Moreno
ABSENT: None
ABSTAIN: None
IN WITNESS WHEREOF, I have hereunto set my hand this 30th day of June, 2020.
. 001.111110
CITY CLERK OF THE CITY OF ANAHEIM
(SEAL)