200 S. Anaheim Blvd.
Suite #643
Anaheim, CA 92805
Tel: (714) 765-5195
Fax: (714) 765-5260
www.anaheim.net
CITY COUNCIL AGENDA REPORT
City of Anaheim
FINANCE DEPARTMENT
DATE: JUNE 27, 2023
FROM: FINANCE DEPARTMENT
SUBJECT: RESOLUTIONS ADOPTING THE FISCAL YEAR 2023/24
APPROPRIATIONS LIMITS
ATTACHMENT (Y/N): YES ITEM # 28-B
GOVERNMENT CODE § 84308 APPLIES: NO
RECOMMENDATION:
That the City Council, by separate Resolutions, following a public hearing, adopt the annual appropriations limit for the fiscal year commencing July 1, 2023 and ending June 30, 2024 for the City and its two Community Facilities Districts (CFD).
DISCUSSION:
In accordance with Article XIII B of the California State Constitution, each local agency must establish an appropriations limit prior to the commencement of each fiscal year.
The recommended limits, reflected by agency in the table below, are based upon the appropriations limits for Fiscal Year (FY) 2022/23, adjusted for the growth factors in the City’s population and the California per capita personal income growth.
FY 2022/23
Appropriations Limit
FY 2023/24
Appropriations Limit
City of Anaheim $1,243,897,496 $1,270,675,674
CFD No. 06-2 (Stadium Lofts) $22,414,585 $22,897,118
CFD No. 08-1 (Platinum Triangle) $809,813,122 $827,246,487 The calculation of the proceeds of taxes subject to limitation, as well as the appropriations limits and appropriations limit margins, are shown in the attached exhibits for the City and each of its districts.
IMPACT ON BUDGET:
This action, establishing an appropriations limit, is an integral part of the FY 2023/24 Budget.
Respectfully submitted,
Deborah A. Moreno
Finance Director/City Treasurer
Fiscal Year 2023/24 Appropriations Limits
June 27, 2023
Attachments:
1. Resolution (Appropriations Limit, City of Anaheim)
2. Resolution (Appropriations Limit, CFD No. 06-2)
3. Resolution (Appropriations Limit, CFD No. 08-1)