HomeMy WebLinkAboutCC RES 25-41Docusign Envelope ID: 4B2402EO-0776-4628-ABCO-FFA7D2E6705E
RESOLUTION NO. 25-41
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN,
CALIFORNIA, DETERMINING AND ADOPTING AN APPROPRIATION LIMIT
FOR THE FISCAL YEAR 2025-2026 IN ACCORDANCE WITH ARTICLE XIII B
OF THE CONSTITUTION OF THE STATE OF CALIFORNIA, AND SECTION
7910 OF THE GOVERNMENT CODE
The City Council of the City of Tustin does hereby resolve as follows:
WHEREAS, Article XIII B was added to the Constitution of the State of California
at a general election held on November 6, 1989; and
WHEREAS, an annual appropriation limit must be determined for this City effective
for the Fiscal Year beginning July 1, 2025; and
WHEREAS, the appropriation limit must be adhered to in preparing and adopting
this City's Annual Budget.
NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve,
determine and order as follows:
SECTION 1: In accordance with Article XIII B of the Constitution of the State of
California, and Section 7910 of the Government Code, and as set forth in detail in the
attached Exhibit "A", that the appropriation limit for the Fiscal Year beginning July 1, 2025,
through June 30, 2026, is $131,615,075.
SECTION 2: The appropriation limit shall not be exceeded in the adopted budget
or by any proposed amendment to the budget.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Tustin held on the 3rd day of June 2025.
Signed by:
11—d"�
AU N"LU gARD,
Mayor
ATTEST:
Signed by: oS
E A`FAS`MDA,
City Clerk
Resolution 25-41
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Docusign Envelope ID: 4B2402EO-0776-4628-ABCO-FFA7D2E6705E
APPROVED AS TO FORM:
DocuSigned by:
DAVV $EF3KiG,
City Attorney
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
I, Erica Yasuda, City Clerk and ex-officio Clerk of the City Council of the City of Tustin,
California, do hereby certify that the whole number of the members of the City Council
of the City of Tustin is five; that the above and foregoing Resolution No. 25-41 was
duly passed and adopted at a regular meeting of the Tustin City Council, held on the
3rd day of June 2025, by the following vote:
COUNCILMEMBER AYES: Lumbard, Nielsen, Gallagher, Schnell, Fink (5)
COUNCILMEMBER NOES: (0)
COUNCILMEMBER ABSTAINED: (0)
COUNCILMEMBER ABSENT: (0)
COUNCILMEMBER RECUSED: (0)
DS
Signed by:
(%V iCa xsv'� a
ERICKVA�tfff&
City Clerk
Resolution 25-41
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Docusign Envelope ID: 4B2402EO-0776-4628-ABCO-FFA7D2E6705E
EXHIBIT A
Appropriations Limit
City of Tustin
Fiscal Year 2025-2026
AMOUNT
Last Year's Limit (2024-2025) $123,083,568
Adjustment Factors
1. Population0) 1.0017
2. Change in Assessed Valuation (2) 1.0675
Total Adjustment Factor(3) 1.0693
Total Adjustments $8,531,507
Appropriations Limit for Fiscal Year 2025-2026 131.615.075
Appropriations Subject to Limit:
Proceeds of Taxes $70,437,554
Minus Exclusions -
Appropriations Subject to Limit $70,437,554
Fiscal Year 2025-2026 Appropriations Limit $131,615,075
Less Appropriations Subject to the Limit $ 70,437,554
Difference Under the Limit 61.177.521
0)The population factor may be based on the change in the population of 1) the City; or 2)
the County of Orange, as provided by the State of California's Department of Finance. The
population factor adopted by the City for the current year's appropriation limit represents
the change in the population of the County of Orange.
(2)The inflation factor may be based on 1) the change in per capita personal income for the
State of California as provided by the State of California's Department of Finance; or 2)
the change in assessed valuation due to new nonresidential construction within the City.
The inflation factor adopted by the City for the current year's appropriation limit represents
the change in assessed valuation.
(3)The total adjustment factor is calculated by multiplying the population factor by the inflation
factor.