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 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 Community Facilities District No. 06-2 (Stadium Lofts) appropriations limit for fiscal year 2024/25.
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 2024/25 be established in the amount of $23,794,800.00.
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 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 m ean 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. ///
///
///
2 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:
NOES:
ABSENT:
ABSTAIN:
CITY OF ANAHEIM
By: __________________________________
MAYOR OF THE CITY OF ANAHEIM
ATTEST:
_____________________________________
CITY CLERK OF THE CITY OF ANAHEIM
152248
FY 2023/24 Adopted Appropriations Limit $22,897,118
Adjustment Factor 1.03920498
FY 2024/25 Appropriations Limit $23,794,800
FY 2024/25 Appropriations Limit $23,794,800
FY 2024/25 Appropriations Subject To Limit 53,831
FY 2024/25 Appropriations Limit Margin $23,740,969
FY 2024/25 Appropriations Limit Margin, As a Percent of Limit 99.77%
EXHIBIT A
CALCULATIONS & COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT FY 2024/25 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
POPULATION - Selected Factor: City Population Growth
Population count provided by the
State Finance Department 340,160
Population percent change pursuant
to Sections 2227 and 2228 of the
Revenue and Taxation Code 0.29%
PRICE FACTOR - Selected Factor:
California Per Capita Personal 3.62%
Income Growth
POPULATION AND PRICE FACTOR
CONVERTED TO AN ADJUSTMENT FACTOR
A) Population: Converted to a factor 1.0029
B) Price Factor: Converted to a factor 1.0362
Ratio of change: A x B = 1.03920498
FY 2024/25 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
EXHIBIT B
ADJUSTMENT FACTORS
FY 2024/25 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
EXHIBIT C
APPROPRIATIONS SUBJECT TO LIMIT CALCULATION
Total All Revenues $536,000
Reduce by Non-Proceeds of Taxes 0 $536,000
Add User Fees in Excess of Costs 0 536,000
Add User Fees in Replacement of Taxes 0 536,000
Subtract Debt Service Appropriations 482,169 $53,831
Total Revenues Available for Expenditure Appropriation $536,000 Reduce by Non-Proceeds of Taxes 0 $536,000
Subtract Debt Service Appropriations 482,169 53,831
Appropriations Subject to Limit $53,831
FY 2024/25 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 $526,000 $0 $526,000
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 $526,000 $0 $526,000
Interest 10,000 0 10,000
Total Revenues $536,000 $0 $536,000
Use of (Contribution to) Fund Balances 0
Grand Total $536,000