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RES-2024-060RESOLUTION NO. 2 0 2 4- 0 6 0 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM, CALIFORNIA, ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2024/25 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 2024/25 is calculated by adjusting the 2023/24 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 appropriations limit for fiscal year 2024/25. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim that the City of Anaheim appropriations limit for fiscal year 2024/25 be established in the amount of $1,320,492,488. 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 2024/25 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 2024/25 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 EIGHTEENTH (18) DAY OF JUNE, 2024, BY THE FOLLOWING ROLL CALL VOTE: AYES: Mayor Aitken and Council Members Kurtz, Diaz, Leon, Rubalcava, Faessel and Meeks NOES: None ABSENT: None ABSTAIN: None CITY OF ANAHEIM By: MAYOR OF TI- ITY OF ANAHEIM K OF THE CITY OF ANAHEIM 152246 FY 2024/25 APPROPRIATIONS LIMIT CITY OF ANAHEIM EXHIBIT A CALCULATIONS AND COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT FY 2023/24 Adopted Appropriations Limit $1,270,675,674 Adjustment Factor 1.03920498 FY 2024/25 Appropriations Limit $1,320,492,488 FY 2024/25 Appropriations Limit $1,320,492,488 FY 2024/25 Appropriations Subject To Limit 583,999,369 FY 2024/25 Appropriations Limit Margin $736,493,119 FY 2024/25 Appropriations Limit Margin, As a Percent of Limit 55.77% FY 2024/25 APPROPRIATIONS LIMIT CITY OF ANAHEIM EXHIBIT B ADJUSTMENT FACTORS POPULATION - Selected Factor: City Population Growth Population count provided by the State Finance Department Population percent change pursuant to Sections 2227 and 2228 of the Revenue and Taxation Code CHANGE IN COST OF LIVING - Selected Factor: California Per Capita Personal Income Growth POPULATION AND PRICE FACTOR CONVERTED TO AN ADJUSTMENT FACTOR A) Population - City, Converted to a factor B) Cost of Living - Calif. Per Cap Income, Converted to a factor 340,160 1.0029 1.0362 0.29% 3.62% Ratio of change: A X B = 1.03920498 FY 2024/25 APPROPRIATIONS LIMIT CITY OF ANAHEIM EXHIBIT C APPROPRIATIONS SUBJECT TO LIMIT CALCULATION Totals Total All City Revenues $2,032,450,211 Reduce by Non -Proceeds of Taxes 1,462,221,356 $570,228,855 Add User Fee Revenues in Excess of Costs - 570,228,855 Add User Fees in Replacement of Taxes 29,236,775 599,465,630 Subtract Revenues Supporting Federal Mandates (FLSA) 804,394 598,661,236 Subtract Qualified Capital Projects 14,661,867 583,999,369 Subtract Debt Service Appropriations - $583,999,369 Total Revenues Available for Expenditure Appropriation $2,032,450,211 Reduce by Non -Proceeds of Taxes 1,462,221,356 $570,228,855 Subtract Debt Service Appropriations - 570,228,855 Subtract Revenues Supporting Federal Mandates (FLSA) 804,394 569,424,461 Subtract Qualified Capital Project Expenditures 14,661,867 554,762,594 Add User Fees in Excess of Costs - 554,762,594 Add Expenditures for Functions Formerly Tax Supported 29,236,775 $583,999,369 FY 2024/25 APPROPRIATIONS LIMIT CITY OF ANAHEIM EXHIBIT D PROCEEDS OF TAXES CALCULATION PROCEEDS NON -PROCEEDS OF TAXES OF TAXES TOTAL Taxes $515,134,413 $0 $515,134,413 State Subventions 34,882,791 - 34,882,791 Service Charges - 146,501,444 146,501,444 Permits and Fees 20,690,847 20,690,847 Fines and Forfeitures 4,950,011 4,950,011 Rentals 58,092,262 58,092,262 Sales 17,346,503 696,814,514 714,161,017 Refunds and Reimbursements 62,398,632 62,398,632 Internal Service Charges 409,216,242 409,216,242 Federal and County Subventions 31,861,340 31,861,340 Contributions 23,154,936 23,154,936 Subtotal $567,363,707 $1,453,680,228 $2,021,043,935 Interest 2,865,148 8,541,128 11,406,276 Total All City Revenues $570,228,855 $1,462,221,356 $2,032,450,211 Use of (Contribution to) Fund Balances 40,056,728 Mello -Roos CFDs (Separate Limits) 4,487,000 Successor to Redevelopment Agency 77,119,900 Housing Authority 155,877,297 Grand Total $2,309,991,136 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. 2024-060 adopted at a regular meeting provided by law, of the Anaheim City Council held on the 18'h day of June. 2024 by the following vote of the members thereof: AYES: Mayor Aitken and Council Members Kurtz, Diaz, Leon, Rubalcava, Faessel and Meeks NOES: None ABSTAIN: None ABSENT: None IN WITNESS WHEREOF, I have hereunto set my hand this 191h day of June, 2024. ITY ERK OF THE ClOF ANAHEIM (SEAL)