RES-2023-048RESOLUTION NO. 2023-048
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
2023/24.
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 2023/24 is calculated by adjusting the 2022/23 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 2023/24.
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
2023/24 be established in the amount of $827,246,487.00.
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 2023/24 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 2023/24 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-SEVENTH (27) DAY OF
JUNE, 2023, BY THE FOLLOWING ROLL CALL VOTE:
AYES: Mayor Aitken and Council Members Rubalcava, Diaz,
Leon, Kurtz, Faessel and Meeks
NOES: None
ABSENT: None
ABSTAIN:None
CITY OF NAHEIM
By:
MAYOR OF TH 1TY OF ANAHEIM
CIT CLERK OF THE CITY OF ANAHEIM
149094
FY 2023/24 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 08-1(PLATINUM TRIANGLE)
EXHIBIT A
CALCULATIONS & COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT
FY 2022/23 Adopted Appropriations Limit
Adjustment Factor 1.02152764
FY 2023/24 Appropriations Limit
FY 2023/24 Appropriations Limit
FY 2023/24 Appropriations Subject To Limit
FY 2023/24 Appropriations Limit Margin
FY 2023/24 Appropriations Limit Margin, As a Percent of Limit
$809,813,122
$827,246,487
$827,246,487
46,550
$827,199,937
99.99%
FY 2023/24 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 08-1(PLATINUM TRIANGLE)
EXHIBIT B
ADJUSTMENT FACTORS
POPULATION - Selected Factor: City Population wth
Population count provided by the
State Finance Department 328,580
Population percent change pursuant
to Sections 2227 and 2228 of the
Revenue and Taxation Code
California Per Capita Personal
Income Growth
POPULATION AND PRICE FACTOR
CONVERTED TO AN ADJUSTMENT FACTOR
A) Population: Converted to a factor 0.9781
B) Price Factor: Converted to a factor 1.0444
-2.19%
4.44%
Ratio of change: A x B = 1.02152764
FY 2023/24 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 08-1(PLATINUM TRIANGLE)
EXHIBIT C
APPROPRIATIONS SUBJECT TO LIMIT CALCULATION
Total All Revenues $2,462,350
Reduce by Non -Proceeds of Taxes 0 $2,462,350
Add User Fees in Excess of Costs 0 2,462,350
Add User Fees in Replacement of Taxes 0 2,462,350
2,415,800 $46,550
Total Revenues Available for Expenditure Appropriation $2,462,350
Reduce by Non -Proceeds of Taxes 0 $2,462,350
Subtract Debt Service Appropriations 2,415,800 46,550
Appropriations Subject to Limit $46,550
FY 2023/24 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
$2,452,350
$0
$2,452,350
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
$2,452,350
$0
$2,452,350
Interest
10,000
0
10,000
Total Revenues
$2,462,350
$0
$2,462,350
Use of (Contribution to) Fund Balances
0
Grand Total
$2,462,350
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. 2023-048 adopted at a regular meeting provided by law, of the Anaheim
City Council held on the 2r day of June. 2023 by the following vote of the members thereof:
AYES: Mayor Aitken and Council Members Rubalcava, Diaz, Leon, Kurtz,
Faessel and Meeks
NOES: None
ABSTAIN: None
ABSENT: None
IN WITNESS WHEREOF, I have hereunto set my hand this 28t" day of June, 2023.
J CITY - LERK OF THE CITY OF ANAHEIM
(SEAL)