1611 E. Fourth Street, Suite 200
Santa Ana, CA 92701
(714) 569-1000
203 N. Brea Blvd, Suite 203
Brea, CA 92821
(714) 672-0022
21 Waterway Avenue, Suite 30089
The Woodlands, TX 77380
(936) 828-4587
2151 River Plaza Dr., Suite 150
Sacramento, CA 95833
(916) 503-9691
24422 Avenida de la Carlota, Suite 275
Laguna Hills, CA 92653
(949) 829-8299
www.lslcpas.com
INDEPENDENT ACCOUNTANTS’ REPORT ON AGREED-UPON
PROCEDURES APPLIED TO APPROPRIATIONS LIMIT WORKSHEETS
To the Honorable Mayor and Members of the City Council
City of Orange, California
We have performed the procedures enumerated below on the accomp anying Appropriations Limit Worksheet No. 6 (or other alternative computation) of the City of Orange, California, for the year ended June 30, 2024. These procedures are the responsibility of the City, whi ch were agree d to by the City of Orange and the League of California Cities (as presented in the publication entitled Agr eed-Upon Procedures Applied to the Appropriations Limitation Prescribed by Article XIII-B of the California Const itution), were performed solely to assist the City of Orange in meeting the r equirements of Section 1.5 of Ar ticle XIII-B of the California Constitution. The City of Orange's management is responsible for the Appropriatio ns Limit Worksheet No. 6 (or other alternative computation).
The City has agreed to and acknowledged that the procedures per formed are appropriate to meet the intended purpose of recomputing the Appropriations Limit Worksheet No. 6 (or other alternative comp utation). This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users o f this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.
The procedures performed and our findings were as follows:
1. We obtained the completed Worksheets No. 1 through No. 7 (or other alternative computations) and compared the limit and annual adjustment factors included in th ose worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the population and inflation options included in the aforementioned worksheets to those that were selected by a recorded vote of the City Council.
Finding: No exceptions were noted as a result of our procedures.
2. For the accompanying Appropriations Limit Worksheet No. 6, w e multiplied line A, last year's limit, by line D, ratio of change and compared the resulting amount to line E, this year's limit.
Finding: No exceptions were noted as a result of our procedures.
3. We compared the current year information presented in the ac companying Appropriations Limit Worksheet No. 6 to the other worksheets described in No. 1 above.
Finding: No exceptions were noted as a result of our procedures.
4. We compared the prior year appropriations limit presented in the accompanying Appropriations Limit Worksheet No. 6 to the prior year appropriations limit adopted by the City Council for the prior year.
Finding: No exceptions were noted as a result of our procedures.
To the Honorable Mayor and Members of the City Council
City of Orange, California
We were engaged by the City to perform this agreed-upon procedu res engagement and conducted our engagement in accordance with attestation standards established by the AICPA. We were not engaged to and did not conduct an examination or review engagement, the object ive of which would be the expression of an opinion or conclusion, respectively, on the accompanying Approp riations Limit Worksheet No. 6 (or other alternative computati on). Accordingly, we do not expr ess such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.
We are required to be independent of the City and to meet our o ther ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.
This report is intended solely for the information of the City Council and management of the City of Orange and is not intended to be, and should not be, used by anyone other than these specified parties.
Brea, California
July 31, 2024
CITY OF ORANGE
2023-2024
APPROPRIATIONS LIMIT CALCULATION
A. 2022-2023 APPROPRIATIONS LIMIT: $ 216,332,740
B. 2023-2024 CHANGE IN PER CAPITA PERSONAL
INCOME: 4.44%
C. 2023-2024 CHANGE IN POPULATION: 0.66%
D. RATIO OF CHANGE (1.04 44 x 1.0066) x 1.0513
E. 2023-2024 APPROPRIATIONS LIMIT: $ 227,430,610
($216,332,740 x 1.0513)