RESOLUTION NO. R-2024-39
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PLACENTIA, CALIFORNIA APPROVING AND ADOPTING
THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL
YEAR 2024-25 IN THE AMOUNT OF $117,320,406
A. Recitals.
(i) 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
(ii) Article XIIIB, as amended in 1990, provides that the appropriations limit for the Fiscal Year 2024-25 is calculated by adjusting the base year appropriations of Fiscal Year 1986-87 for changes in the cost of living and population; and (iii) The City of Placentia has complied with all of the provisions of Article XIIIB in determining the appropriations limit for the Fiscal Year 2024-25.
B. Resolution.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLACENTIA DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
1. That the appropriations limit in Fiscal Year 2024-25 shall be based on the 2023-24 appropriation limit of $112,870,414 as established by Resolution No. R-2023- 43, and adjusted based on Proposition 111 guidelines by the California Per Capita Personal Income change of +3.62% and the Orange County population change of +0.31 as reported by the State Department of Finance during April 2024, thus creating a new appropriations limit for Fiscal Year 2024-25 in the amount of $117,320,406.
PASSED, ADOPTED AND APPROVED this 4th day of June 2024.
Jeremy Yamaguchi, Mayor
Resolution R-2024-39 ATTACHMENT 3
ATTEST:
Robert S. McKinnell, City Clerk
STATE OF CALIFORNIA
COUNTY OF ORANGE
I, Robert S. McKinnell, City Clerk of the City of Placentia, California, do hereby certify that the foregoing Resolution, was duly passed, approved and adopted by City Council, approved and signed by the Mayor and attested by the City Clerk, all at the regular meeting of the said City Council held on the 4th day of June 2024 and the same was passed and adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Councilmembers:
Councilmembers:
Councilmembers:
Councilmembers:
APPROVED AS TO FORM:
Christian L. Bettenhausen, City Attorney
Attachments:
Exhibit A
Robert S. McKinnell, City Clerk
Resolution R-2024-39 ATTACHMENT 3