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RES-11472 ADOPTION OF APPROPRIATIONS (GANN) LIMIT FY 2023-24RESOLUTION NO. 11472 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE ADOPTING THE APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2023-24 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 was amended by Proposition 111 and SB88 to provide for the calculation of the appropriations limit for Fiscal Years beginning with 1990-91 using, at the City's election,the City's own population growth or the population growth of the County, and the growth in California per capita income or the growth in non-residential assessed valuation due to new construction; and WHEREAS, current data necessary to calculate the growth in the non-residential assessed value was not available from the County Assessor and the City may need to adjust the limit on appropriations once the data is available; and WHEREAS, the information and the elections made as set forth above are necessary for making these adjustments and are attached as Exhibit "A"; and WHEREAS, the City of Orange, to the best of its knowledge, has complied with all the provisions of Article XIIIB in determining the appropriation limit for Fiscal Year 2023-24. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange that the Appropriations Limit in Fiscal Year 2023-24 shall be $227,430,610 and the City's appropriations subject to limitation are $117,783,431. ADOPTED this 27th day of June 2023. mirf iel R. Slater, Mayor, City of Orange iA ST: C.4-eriw A.( Pamela Coleman, City Clerk, City of Orange Attachment: Exhibit A STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ORANGE I, PAMELA COLEMAN, City Clerk of the City of Orange, California, do hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange at a regular meeting thereof held on the 27th day of June 2023, by the following vote: AYES:COUNCILMEMBERS: Barrios, Dumitru, Tavoularis, Bilodeau, and Slater NOES:COUNCILMEMBERS: Gyllenhammer ABSENT: COUNCILMEMBERS: Gutierrez ABSTAIN: COUNCILMEMBERS: None Pamela Coleman, City Clerk, City of Orange Resolution No. 11472 2 EXHIBIT "A" 2023-24 APPROPRIATIONS LIMIT UNDER ARTICLE XIIIB 2023-24 APPROPRIATION LIMIT IS CALCULATED AS FOLLOWS: 18-19 19-20 20-21 21-22 22-23 23-24 POPULATION GROWTH 1.0069 1.0041 0.9975 0.9847 1.0010 1.0066 CHANGE IN PER CAPITA INCOME 1.0367 1.0385 1.0373 1.0573 1.0755 1.0444 TOTAL ADJUSTMENT 1.0439 1.0428 1.0347 1.0411 1.0766 1.0513 LAST YEARS LIMIT 171,370,238 178,885,376 186,534,130 193,008,124 200,945,256 216,332,740 CURRENT YEARS LIMIT 178,885,376 186,534,130 193,008,124 200,945,256 216,332,740 227,430,610 OTHER ADJUSTMENTS: ASSUMED RESPONSIBILITY: BOOKING FEES PROP TAX ADMIN CHG ADJ.CURRENT YR LIMIT 178,885,376 186,534,130 193,008,124 200,945,256 216,332,740 227,430,610 The following information was provided by the State Department of Finance in order to calculate the Appropriation Limit for 2023-24: Greater of City County Population Fiscal Year Date Population Population Changes 18-19 01-01-17 140,981 3,198,224 01-01-18 141,952 3,220,361 0.69% 19-20* 01-01-18 141,116 3,212,533 01-01-19 141,691 3,221,790 0.41% 20-21 01-01-19 140,410 3,192,279 01-01-20 140,065 3,193,693 0.04% 21-22 01-01-20 139,504 3,180,440 01-01-21 137,366 3,153,718 0.84% 22-23 01-01-21 137,534 3,168,941 01-01-22 137,676 3,161,604 0.10% 23-24 01-01-22 138,155 3,151,305 01-01-23 139,063 3,136,922 0.66% Restated EXHIBIT "A" 2023-24 APPROPRIATIONS LIMIT UNDER ARTICLE XHIB (Continued) Percentage Changes in Per Capita Personal Income: 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 3.67% 3.85% 3.73% 5.73% 7.55% 4.44% Per Capita Income Converted to a Ratio: 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 1.0367 1.0385 1.0373 1.0573 1.0755 1.0444