City Council

12. APPROPRIATION LIMIT FOR THE FISCAL YEAR 2023/24 Article XIII B of the State Constitution requires each City to annually adopt a limit on appropriations for all governmental funds. The following recommendation and attached worksheets are based on the Fiscal Year 2023/24 Proposed Budget as presented to the City Council on June 20, 2023. Recommendation: 1. Select the change in the assessment roll of the preceding year as the price factor for adjusting the Fiscal Year 2023/24 Appropriation Limit. 2. Adopt Resolution No. 23-36 setting the appropriation limit for the Fiscal Year 2023/24 at $118,286,797. RESOLUTION NO. 23-36 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, DETERMINING AND ADOPTING AN APPROPRIATION LIMIT FOR THE FISCAL YEAR 2023/24 IN ACCORDANCE WITH ARTICLE XIII B OF THE CONSTITUTION OF THE STATE OF CALIFORNIA, AND SECTION 7910 OF THE GOVERNMENT CODE 6/16/23, 12:24 PM Regular Meeting of the City Council/Closed Session-4:30 pm/Regular Meeting-7:00 pm AGENDA REPORT OTHER BUSINESS/CITY MANAGER AND CITY ATTORNEY COUNCIL MEMBER COMMENTS AND REPORTS