HomeMy WebLinkAbout7499RESOLUTION NO. 7499
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, ESTABLISHING AN APPROPRIATIONS LIMIT FOR
FISCAL YEAR 2023-24 PURSUANT TO ARTICLE XIII -B OF THE
CALIFORNIA CONSTITUTION
WHEREAS, Article XIII -B of the Constitution of the State of California imposes
restriction upon California governmental agencies to limit their annual appropriations to
the appropriations in fiscal year 1978-79, adjusted for the subsequent inflation and
population changes; and
WHEREAS, effective for years beginning on or after July 1, 1990, under Section
1.5 of Article XIII -B, the annual calculation of the appropriations limit is subject to a
limited review in connection with the annual audit; and
WHEREAS, the City of Arcadia may use as its inflation factor either the annual
percentage change in California per capital personal income or the percentage change
in its local assessment roll from the preceding year due to the change of local
nonresidential construction. The City of Arcadia has opted to use, as the inflation
adjustment factor, the percentage change in California per capita personal income in
lieu of the growth in the non-residential assessed valuation; and
WHEREAS, the City of Arcadia may use as its population factor either the annual
percentage change of the City's own population or the annual percentage change in
population of the Los Angeles County. The City of Arcadia has opted to use, as the
population adjustment factor, the change in the population of the City; and
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WHEREAS, pursuant to Article XIII -13 of the California Constitution, the City is
required to set its appropriation limit for each fiscal year and has made available to the
public the documentation used in the determination of said appropriation limit.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
SECTION 1. The appropriation limit for Fiscal Year 2023-24 for the City of
Arcadia shall be and is hereby set in the amount of $111,983,542.
SECTION 2. The City Clerk shall certify to the adoption of this Resolution.
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Passed, approved and adopted this 6th day of June 2023.
C
ayor of the City ofrcadi
ATTEST:
City Cie, i
APPROVED AS TO FORM:
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Michael J. Maurer
City Attorney
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) SS:
CITY OF ARCADIA )
I, GENE GLASCO, City Clerk of the City of Arcadia, hereby certifies that the
foregoing Resolution No. 7499 was passed and adopted by the City Council of the City of
Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said
Council held on the 6th day of June, 2023 and that said Resolution was adopted by the
following vote, to wit:
AYES: Cao, Kwan, Wang, Verlato, and Cheng
NOES: None
ABSENT: None
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Cijr Clerk of ffie City of Arcadia