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 18, 2024
FROM: FINANCE DEPARTMENT
SUBJECT: RESOLUTIONS ADOPTING THE FY 2024/25 APPROPRIATIONS LIMITS
ATTACHMENT (Y/N): YES ITEM # 38-B
GOVERNMENT CODE § 84308 APPLIES: NO
RECOMMENDATION:
That the City Council, by Resolution, adopt the annual appropriations limit for the fiscal year commencing July 1, 2024, and ending June 30, 2025, for the City and its two Community Facilities Districts.
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 the agency in the table below, are based upon the appropriations limits for Fiscal Year 2023/24, adjusted for the growth factors in the City’s population and the California per capita personal income growth.
FY 2023/24
Appropriations Limit
FY 2024/25
Appropriations Limit
City of Anaheim $1,270,675,674 $1,320,492,488
CFD No. 06-2 (Stadium Lofts) $22,897,118 $23,794,800
CFD No. 08-1 (Platinum Triangle) $827,246,487 $859,678,669 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 2024/25 Budget.
Respectfully submitted,
Deborah A. Moreno
Finance Director/City Treasurer
Fiscal Year 2024/25 Appropriations Limits
June 18, 2024
Attachments:
1. Resolution (Appropriations Limit, City of Anaheim)
2. Resolution (Appropriations Limit, CFD No. 06-2 (Stadium Lofts))
3. Resolution (Appropriations Limit, CFD No. 08-1 (Platinum Triangle))