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b - Reso - Appropriations Limit- FY2025 6.10.24

Lancaster City Council
June 25, 2024

Document
b - Reso - Appropriations Limit- FY2025 6.10.24
Meeting
June 25, 2024
Body
Lancaster City Council
Pages
2
Original file
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Text extracted from the city's file for reading and search. Open the original on cityoflancasterca.primegov.com. That file is the official record.

RESOLUTION NO. 24-xx

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

LANCASTER, CALIFORNIA, ESTABLISHING THE ANNUAL
APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2024-
2025
WHEREAS, the voters of California, on November 6, 1979, added Article XIIIB to the State Constitution placing various limitations on the appropriations of the state and local governments; and
WHEREAS, Article XIIIB provides that the appropriations limit for the Fiscal Year 2024- 2025 is to be calculated by adjusting the appropriations limit of the previous fiscal year for changes in the cost of living and population; and
WHEREAS, the information necessary for making these adjustments is found in Exhibit “A”, attached hereto and made a part hereof by reference; and WHEREAS, the City of Lancaster has complied with all the provisions of Article XIIIB in determining the appropriations limit for the Fiscal Year 2024-2025.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LANCASTER AS FOLLOWS:

Section 1. The appropriations subject to limitation for the City of Lancaster in Fiscal Year 2024-2025 shall be $259,856,952.

PASSED, APPROVED, and ADOPTED this 25th day of June, 2024, by the following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:

ATTEST: APPROVED:
____________________________ ______________________________ ANDREA ALEXANDER R. REX PARRIS
City Clerk Mayor
City of Lancaster City of Lancaster
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Resolution No.

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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss

CITY OF LANCASTER )

CERTIFICATION OF RESOLUTION

CITY COUNCIL
I, __________________________, ___________________________ City of Lancaster, CA, do hereby certify that this is a true and correct copy of the original Resolution No. , for which the original is on file in my office.

WITNESS MY HAND AND THE SEAL OF THE CITY OF LANCASTER, on this _________ day of ________________, _______.
(seal)
_____________________________
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EXHIBIT A
Resolution No.

CALCULATIONS FOR DETERMINING THE CITY OF LANCASTER
APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2024-2025
Appropriations Limit Fiscal Year 2023-2024 $241,411,783 Change in California Per-Capita Income 4.44%
*Change in population for City of Lancaster
((157,504-157,696) ÷ 157,504) -0.54%
Calculation Factor (1.04444 x .9946) 1.03876024

APPROPRIATIONS SUBJECT TO LIMIT THE
FISCAL YEAR 2023-2024 $ 250,768,962
Appropriations Limit Fiscal Year 2023-2024 $ 250,768,962 Change in California Per-Capita Income1 3.62%
Change in population for the City of Lancaster2
((172,631-172,460 ÷ 172,631) -.10%
Calculation Factor (1.0362 × .99900) 1.035163800

APPROPRIATIONS SUBJECT TO LIMIT THE
FISCAL YEAR 2024-2025 $ 259,856,952
1 State of California, Department of Finance, Price Factor and Population Information. Sacramento, California, April 2024.
2 State of California, Department of Finance, E-1 Population Estimates for Cities, Counties and the State with Annual Percent Change — January 1, 2023 and 2024. Sacramento, California, May 2024.

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