RESOLUTION NO.
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 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. 06-2 (Stadium Lofts) 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. 06 -2 (Stadium Lofts) appropriations limit for fiscal year 2023/24 be established in the amount of $22,897,118.00.
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 appr opriations limit herein established may be changed as deemed necessary by resolution of the City Council. ///
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2 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:
NOES:
ABSENT:
ABSTAIN:
CITY OF ANAHEIM
By: __________________________________
MAYOR OF THE CITY OF ANAHEIM
ATTEST:
_____________________________________
CITY CLERK OF THE CITY OF ANAHEIM
149095
FY 2022/23 Adopted Appropriations Limit $22,414,585
Adjustment Factor 1.02152764
FY 2023/24 Appropriations Limit $22,897,118
FY 2023/24 Appropriations Limit $22,897,118
FY 2023/24 Appropriations Subject To Limit 20,500
FY 2023/24 Appropriations Limit Margin $22,876,618
FY 2023/24 Appropriations Limit Margin, As a Percent of Limit 99.91%
EXHIBIT A
CALCULATIONS & COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT FY 2023/24 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
POPULATION - Selected Factor: City Population Growth
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 -2.19%
PRICE FACTOR - Selected Factor:
California Per Capita Personal 4.44%
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
Ratio of change: A x B = 1.02152764
FY 2023/24 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
EXHIBIT B
ADJUSTMENT FACTORS
FY 2023/24 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
EXHIBIT C
APPROPRIATIONS SUBJECT TO LIMIT CALCULATION
Total All Revenues $499,169
Reduce by Non-Proceeds of Taxes 0 $499,169
Add User Fees in Excess of Costs 0 499,169
Add User Fees in Replacement of Taxes 0 499,169
Subtract Debt Service Appropriations 478,669 $20,500
Total Revenues Available for Expenditure Appropriation $499,169 Reduce by Non-Proceeds of Taxes 0 $499,169
Subtract Debt Service Appropriations 478,669 20,500
Appropriations Subject to Limit $20,500
FY 2023/24 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 $498,669 $0 $498,669
State Subventions 0 0 0
S e r v i c e C h a r g e s 000
Permit Fees 0 0 0
Fines and Forfeitures 0 0 0
R e n t a l s 000
S a l e s 000
Refunds and Reimbursements 0 0 0
Internal Service Charges 0 0 0
Federal and County Subventions 0 0 0
C o n t r i b u t i o n s 000
Subtotal $498,669 $0 $498,669
Interest 500 0 500
Total Revenues $499,169 $0 $499,169
Use of (Contribution to) Fund Balances 0
Grand Total $499,169