R 5297 RESOLUTION NO. 5297
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARROYO GRANDE ADOPTING A TAX PROCEEDS
EXPENDITURE APPROPRIATION LIMIT FOR FISCAL
YEAR 2023-2024
WHEREAS, sections 7900 et seq. of the Government Code provide for the effective and
efficient implementation of Article XIIIB of the California Constitution; and
WHEREAS, Government Code sections 7901 through 7914 provide that each year, the
governing body of each local jurisdiction shall, by resolution adopted at a regularly
scheduled meeting, establish the annual adjustment factors to be used and the tax
proceeds expenditure appropriation limit; and
WHEREAS, the Resolution establishing the appropriation limit for FR 2023-24 is not a
project subject to the California Environmental Quality Act ("CEQA") because it has no
potential to result in either a direct, or reasonably foreseeable indirect, physical change
in the environment. (State CEQA Guidelines, §§ 15060, subd. (b)(2)-(3), 15378.)
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Arroyo Grande
as follows:
1. The California per capita income and the population for the County of San Luis
Obispo, California are recognized as the annual adjustment factors for Fiscal Year
2023-2024.
2. The appropriation limit for Fiscal Year 2023-2024 is hereby set at twenty-seven
million, eight hundred ninety thousand, seven hundred four dollars ($27,890,704).
3. Documentation used in the determination of the tax proceeds expenditure
appropriation limit is attached hereto as Exhibit A and incorporated herein by this
reference.
4. This Resolution is effective on its date of adoption.
On motion of Council Member George, seconded by Council Member Secrest, and on
the following roll call vote, to wit:
AYES: Council Members George, Secrest, Guthrie, Barneich, and Mayor Ray Russom
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted this 27t" day of June, 2023.
RESOLUTION NO.
PAGE 2
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CAREN RAi' - SSOM, MAYOR
ATTEST:
.1 SSICA MATSON, CITY CLERK
APPROVED AS TO CONTENT:
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WF iTNEY CDONAL',CITY MANAGER
APPROVED AS TO FORM:
Fl
IS ' C ROSEN, CITY ATTORNEY
EXHIBIT A
CITY OF ARROYO GRANDE
CALCULATION OF APPROPRIATION LIMIT FROM TAX PROCEEDS
FOR FISCAL YEAR 2023-24
Appropriation limit for 2022-23 26,838,434 (A)
Multiplied by the appropriation limit change factors:
Per Capita Personal Income Change: 4.44%
Conversion to ratio: 4.44% +100 (B)
= 1.0444
100
Population Factor- San Luis Obispo County
2022 275,461
2023 274,071 -0.50%
(1,390)
Conversion to ratio: (1,390) = -0.50% +100 = 0.99503 (C)
274,071 100
Appropriation limit factor: (B x C) 1.0392 (D)
APPROPRIATION LIMIT FOR FISCAL YEAR 2023-24(Ax D) $ 27,890,501
ESTIMATED 2023-24 PROCEEDS OF TAXES SUBJECT $ 19,991,979
TO APPROPRIATION LIMIT
Amount under(over) limit 7,898,522
OFFICIAL CERTIFICATION
I, SARAH LANSBURGH, Deputy City Clerk of the City of Arroyo Grande, County of
San Luis Obispo, State of California, do hereby certify under penalty of perjury, that the
attached Resolution No. 5297 was passed and adopted at a regular meeting of the City
Council of the City of Arroyo Grande on the 27th day of June, 2023.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 29th day of
June, 2023.
gain
SARAH LA BURGH, PUTY CITY CLERK