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Resolution Number 24-06-18-04 1 RESOLUTION NO. 24-06-18-04 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, ADOPTING ITS ARTICLE XIIIB APPROPRIATIONS LIMITATION (GANN LIMITATION) FOR FISCAL YEAR 2024-25 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 limitation for Fiscal Year 2024-25 is calculated by adjusting the base year appropriations of Fiscal Year 1978- 79, with changes in California per capita personal income or non-residential assessed valuation and changes in City or County populations, and the recalculations of the appropriations limitation from the 1986-87 fiscal year as stipulated by Proposition 111; and, WHEREAS, the information regarding the change in non-residential assessed valuation due to new construction from the County of Orange is not available until after the establishment of the Fiscal Year 2024-25 appropriations limitation and the City reserves the right to adjust its Fiscal Year 2024-25 limitation as information regarding the change in non-residential assessed valuation due to new construction is made available by the County of Orange; and, WHEREAS, the information necessary for making these adjustments is attached as Exhibit A; and, WHEREAS, the City of San Juan Capistrano has complied with all the provisions of Article XIIIB and amendments thereto per Proposition 111 in determining the appropriations limitation for Fiscal Year 2024-25. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San Juan Capistrano does hereby: 1. Set the appropriations limitation for Fiscal Year 2024-25 at $108,758,899 as shown in attached Exhibit A. 2. Determine that the amount of the appropriations of the City of San Juan Capistrano for Fiscal Year 2024-25 that are subject to the limitation are $32,281,976; and, 3. Declare that the appropriations of the City of San Juan Capistrano for Fiscal Year 2024-25 that are subject to the limitation do not exceed the limitation. 2 PASSED, APPROVED, AND ADOPTED this 18th day of June 2024. SERGIO FARIAS, MAYOR ATTEST: CHRISTY JAKL, CITY CLERK STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO ) I, Christy Jakl, appointed City Clerk of the City of San Juan Capistrano, do hereby certify that the foregoing Resolution No. 24-06-18-04 was duly adopted by the City Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 18th day of June 2024, by the following vote: AYES: COUNCIL MEMBERS: Hart, Taylor, Campbell and Mayor Farias NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: Mayor Pro Tem Bourne ____________________________ CHRISTY JAKL, CITY CLERK EXHIBIT A 2024-25 APPROPRIATIONS LIMITATION CALCULATION 2024-25 APPROPRIATIONS LIMITATION: 2023-24 Limitation $103,866,774 x Annual adjustment factors: Population increase (for City) 1.05% 1.0105 Inflation charges (California personal income) 3.62% x 1.0362 Combining adjustment factors 1.0471 2024-25 Limitation $108,758,899 APPROPRIATIONS SUBJECT TO LIMITATION AND APPROPRIATIONS MARGIN: Budget appropriation 2024-25 $45,097,181 Less exclusions: Non-proceeds of taxes (13,116,802) Qualified debt service (1,837,420) Qualified capital outlay (1,628,140) Total exclusions (16,582,362) Add change in fund balances 3,767,157 Total appropriations subject to limitation $32,281,976 Appropriations margin $76,476,923 EXHIBIT A