CC - 2022-40 - Adopting An Appropriations Limit For The Fiscal Year 2022-23RESOLUTION NO. 2022-40
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD, CALIFORNIA, ADOPTING AN APPROPRIATIONS
LIMIT FOR THE FISCAL YEAR 2022-23
WHEREAS, Article XIII -B of the Constitution of the State of California provides that total
annual appropriations subject to limitation of the City shall not exceed the appropriations limit of the
City for the prior year as adjusted for annual adjustment factors; and
WHEREAS, Section 7910 of the Government code of the State of California directs the
governing body of each local jurisdiction to establish its appropriations limit by resolution each
year; and
WHEREAS, the governing body of each local jurisdiction must select the annual
Miustment factors to be used in determining the appropriations limit pursuant to Article XIIIB of
the State Constitution.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD, DOES
HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:
SECTION 1. The City Council hereby elects the change in the California per capita
personal income as the cost -of -living adjustment factor and the annual population change for the
City of Rosemead as the population adjustment factor.
SECTION 2. The appropriations limit fiscal year 2022-23 is hereby set at $58,766,896, as
detailed in the attached Exhibit A, which is hereby made a part of this Resolution.
SECTION 3. The City reserves the right to adjust or amend the appropriations limit based
upon the use of alternative growth factors as authorized by Proposition I I I if such changes or
revisions would result in a more advantageous appropriations limit, now or in the future.
SECTION 4. The City Clerk shall certify to the adoption of this resolution and hereafter the
same shall be in full force and effect.
PASSED, APPROVED, AND ADOPTED this 14th day of June, 2022.
;4t�—
Polly Lo a r
APPROVED AS TO FORM:
Rachel Ricl�iman, City Attorney
ATTEST:
E�V�
Ericka Hernandez, City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) §
CITY OF ROSEMEAD )
I, Ericka Hernandez, City Clerk of the City Council of the City of Rosemead, California, do hereby
certify that the foregoing City Council Resolution No. 2022-40 was duly adopted by the
City Council of the City of Rosemead, California, at a regular meeting thereof held on the 14'h day
of June, 2022, by the following vote, to wit:
AYES: ARMENTA, DANG, LOW
NOES: NONE
ABSENT: CLARK, TANG
ABSTAIN: NONE
Ericka Hernandez, City Clerk
Exhibit A
City of Rosemead
Appropriations Limit
FY 2022-23
APPROPRIATIONS SUBJECTTO LIMITATION
a)
Proceeds of Taxes
Amount
a) Prior Year Appropriations Limit
$
54,976,824
b) Adjustment Factors Percent
Ratio
c)
1) Population Change* -0.61%
0.9939
21,618,579
2) Cost of Living ** 7.55%
1.0755
$
3) Combined Adjustment Factor
e)
1.0689
c) Adjusted Limit
$
58,766,896
d) Alterations
-
e) Appropriations Limit - Current Year
$
58,766,896
APPROPRIATIONS SUBJECTTO LIMITATION
a)
Proceeds of Taxes
$
21,618,579
b)
Exclusions
0
c)
Appropriation Subject to Limitation
$
21,618,579
d)
Appropriation Limit -Current Year
$
58,766,896
e)
Under(Over)Limit
$
37,148,317
Sources:
* Annual Percent Change inPopulationCityofRosemead-ProvidedbyCADeptofFinance
** Price Factor: Per Capita PersonaIIncome-ProvidedbyCADeptofFinance
Computations based on the 2022-23 Adopted Budget
Article XIII -13 of the California Constitution (Proposition 4 as modified by Proposition 111) limits the
amount of tax revenue that can be appropriated by State and local governments in a fiscal year. A City
with appropriations greater than the limit must either refund the excess tax proceeds to the taxpayers
or obtain their approval to raise the limit. Adoption of a Resolution is required annually to establish the
limit. The calculation is based on the prior year's limit multiplied by a factor of the change in City or
County population and the percent increase in per capita personal income or non-residential assessed
valuation. Both population and per capital income data is supplied by the State of California
Department of Finance. The City's limit for 2022-23 is $58,766,896 with appropriations subject to the
limit at $21,618,579. Therefore, the City of Rosemead is $37,148,317 below its appropriation limit.