City Council

2. FISCAL YEAR 2024-25 APPROPRIATION LIMIT – F2M24-17, R2M24-21, M2M24-110\nProposition XIII B (Gann Initiative) prohibits local agencies from exceeding their 1978-79\nfiscal year appropriations after allowing for cost-of-living (CPI) and population changes\nwhich are certified by the State Department of Finance. Proposition 111 allows the City to\nadjust its annual limits for the following factors, subject to approval by the City Council:\na) Either the California Per Capita Income or the percentage change in local\nassessment roll from the preceding year due to the addition of local nonresidential\nconstruction in the City.\nb) Either the City’s own population growth or the population growth of the entire\ncounty.\nGovernment Code Section 7910 requires agencies to adopt a resolution each year\ndisclosing their appropriation limit. In accordance with Proposition 111, the City is required\nto conduct a review of their appropriations limit during the annual financial audit. For Fiscal\nYear 2022-2023, the City’s appropriation limit was reviewed by our auditors, Moss, Levy\n& Hartzheim, LLP, and determined to be properly calculated. The calculations in\ncomputing the City of Alhambra’s appropriation limit for the 2024-2025 fiscal year are on\nfile in the Finance Department. The appropriation limit for the 2024-25 fiscal year is\n$189,333,947 and the applicable appropriation subject to this limitation is $82,639,781.\nTherefore, the City is favorably under the appropriations limit by $106,694,166.\nRecommended Action: After receiving public testimony, the Mayor should close the\npublic hearing and the City Council should adopt Resolution No. R2M24-21 entitled: A\nResolution of the Alhambra City Council establishing the Appropriation Limit for FY 2024-\n25 and approving the annual adjustment factors used in the calculation thereof; and,\napprove the annual adjustment factors (per capita income change +3.62% and City\npopulation change +0.05%) used in the calculation of the appropriation limit. (M2M24-110)