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Resolution - No. 2023-62RESOLUTION NO. 2023-62 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, ESTABLISHING AN AMENDED APPROPRIATIONS LIMIT FOR FISCAL YEAR 2023-2024 WHEREAS, pursuant to Article XIII B of the California Constitution and California Government Code section 7910, the City Council must, by resolution, establish its appropriations limit and make other necessary determinations for the following fiscal year at a regularly scheduled meeting or a noticed special meeting; and WHEREAS, pursuant to Article XIII B, as amended, and California Government Code provisions implementing Article XIII B, the total annual appropriations limit must be calculated by adjusting the prior year's appropriations limit for changes in the cost of living and population growth; and WHEREAS, pursuant to Section 8(e) of Article XIII B, to determine the change in the cost of living, the City may select, by a recorded vote of the City Council, either (a) the percentage change in California per capita personal income from the preceding year, or (b) the percentage change in the local assessment roll from the preceding year due to the addition of non-residential new construction in the City; and WHEREAS, pursuant to Section 8(f) of Article XIII B and Section 7901(b) of the California Government Code, the City may, by a recorded vote of the City Council, choose to use the percentage change in population within the City or within the County of Los Angeles to determine the change in population; and WHEREAS, Section 7910 of the California Government Code requires that the City make the documentation used in the determination of the appropriations limit publicly available at least fifteen (15) days prior to the meeting; and WHEREAS, at a regularly scheduled meeting on June 6, 2023, the City Council established the appropriations limit for Fiscal Year 2023-2024 in the amount of $246,886,703 through the adoption of Resolution No. 2023-50; and WHEREAS, the Finance Department has identified an error in the calculation of the appropriations limit for Fiscal Years 2022-2023 and 2023-2024; and WHEREAS, the City Council established an amended appropriations limit for Fiscal Year 2022-2023 through the adoption of Resolution No. 2023-61; and WHEREAS, the City Council desires to amend the appropriations limit for Fiscal Year 2023-2024; and WHEREAS, the documentation used to calculate the amended limit was made available for public inspection at least fifteen (15) days prior to July 18, 2023. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA DOES HEREBY RESOLVE AS FOLLOWS; SECTION 1. The amended appropriations limit for the City of West Covina for Fiscal Year 2023-2024 is established in the amount of $246,689,528. SECTION 2. The City Council, by recorded vote of the City Council in adopting this Resolution, selects and determines that, for purposes of establishing the amended appropriations limit for Fiscal Year 2023-2024, "change in the cost of living" shall be the percentage change in California per capita income from the preceding year in accordance with Article XIII B, Section 8(e)(1)(A) of the California Constitution. SECTION 3. The City Council, by recorded vote of the City Council in adopting this Resolution, selects and determines that, for purposes of establishing the amended appropriations limit for Fiscal Year 2023-2024, "change in population" shall be the population increase for the City of West Covina in accordance with Section 8(f) of Article XIII B of the California Constitution and Section 7901(b) of the California Government Code. SECTION 4. Resolution No. 2023-50 is hereby repealed. SECTION 5. The City Clerk shall certify to the adoption of this resolution and shall enter the same in the book of original resolutions and it shall become effective immediately. APPROVED AND ADOPTED this 18th day of July, 2023. APPROVED -AS TO FORM Thom6s P. buarte asario Diaz Mayor r-11a9 19 wjx-q� 04 Lisa Sherrick City Attorney Assistant City Clerk I, LISA SHERRICK, ASSISTANT CITY CLERK of the City of West Covina, California, do hereby certify that the foregoing Resolution No. 2023-62 was duly adopted by the City Council of the City of West Covina, California, at a regular meeting thereof held on the 18th day of July, 2023, by the following vote of the City Council: AYES: Diaz, Cantos, Lopez-Viado, Tabatabai, Wu NOES: ABSENT: ABSTAIN: ljj�-tcuh +�ry Lisa Sherrick Assistant City Clerk