Loading...
Resolution No. 2024-009RESOLUTION NO. 2024-09 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON ADOPTING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2024- 2025, PURSUANT TO GOVERNMENT CODE SECTION 7910 SECTION 1. Recitals. A. Government Code Section 7910 (GANN initiative), passed by California voters on November 6, 1979, requires the governing body of each local jurisdiction to establish by resolution an appropriations limit for each fiscal year at a regularly scheduled meeting or noticed special meeting. B. Proposition 111 was passed by California voters on June 5, 1990, and sets forth the options for making annual adjustments to the appropriations limit based on various growth factors. The annual inflation factor may be either the growth in California per capita income or growth in non-residential assessed valuation due to new construction within the City; and the population factor may reflect the population growth either in the City or in the County of Los Angeles. C. The City calculated its appropriations limit based on the non-residential assessed valuation due to new construction as its annual inflation factor and the County’s population growth as its annual population growth factors for Fiscal Year 2022-2023, 2023-2024, and 2024-2025. D. In accordance with Government Code Section 7910, documentation used in the determination of the appropriations limit has been made available for inspection by the public at least fifteen (15) days prior to the hearing. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 2. The City Council of the City of Vernon hereby finds and determines that the above recitals are true and correct. / / / / / / / / / / / /          Resolution No. 2024-09 Page  of 3 _______________________ SECTION 3. The City Council hereby establishes $3,065,487,178 as the amount of the appropriations limit for fiscal year 2024-2025, in accordance with the provisions of Government Code Section 7910 and Proposition 111. The computation for fiscal year 2024-2025 is as follows: 2024-2025 APPROPRIATIONS LIMIT CALCULATION 2023-2024 Appropriations Limit $2,626,172,281 Increase in Nonresidential Construction: 16.67% Los Angeles County population change: 0.05% 1.1667 x 1.0005= x 1.16728335 $3,065,487,178 SECTION 4. The City Council approved the Fiscal Year 2024-2025 Budget by adoption of a resolution, which did not exceed the appropriations limit for Fiscal Year 2024-2025. SECTION 5. The Deputy City Clerk shall certify the passage and adoption of this resolution and enter it into the book of original resolutions. APPROVED AND ADOPTED June 4, 2024. _______________________ JUDITH MERLO, Mayor ATTEST: YONNIE PARKER, Deputy City Clerk (seal) APPROVED AS TO FORM: _____________________________ ZAYNAH N. MOUSSA, City Attorney          Resolution No. 2024-09 Page 3 of 3 _______________________ I CERTIFY THAT RESOLUTION NO. 2024-09 was passed and adopted by the City Council of the City of Vernon at the Regular Meeting on June 4, 2024, by the following vote: AYES: 5 Council Members: Larios, Lopez, Rivera, Ybarra, Merlo NOES: 0 ABSENT: 0 ABSTAIN: 0 ________________________________ YONNIE PARKER, DEPUTY City Clerk (seal)          City Council Agenda Report Meeting Date: June 4, 2024 From: Jessica Alcaraz, Financial Services Administrator Department: Finance Submitted by: Angela Melgar, Finance Manager Subject Fiscal Year 2024-25 Citywide Annual Operating Budget, Capital Improvement Plan, and Appropriations Limit (Gann) Recommendation A. Adopt Resolution No. 2024-08 approving and adopting the Annual Operating Budget and the Capital Improvement Plan for Fiscal Year 2024-25; and B. Adopt Resolution No. 2024-09 adopting the Appropriations Limit for Fiscal Year 2024-25 pursuant to Government Code Section 7910. Background FY 2024-25 Operating and Capital Budget In anticipation of the Fiscal Year (FY) 2024-25 Budget adoption, Finance staff presented two Budget Workshops to outline the proposed budget and allow City Council to gain an in depth understanding of the City's operations and intended fiscal direction. Collaboration between all City departments ensured a unified vision, under the City Administrator's leadership, for the upcoming fiscal year. The current economic environment remains uncertain. While a full-on recession seems unlikely in the upcoming months, inflation and interest rates remain high and unlikely to decrease in the near future, which is likely to lead to some economic slowdown. In this interim period of key changes to some of the City's largest and most longstanding customers, a cautious approach will ensure the City's continued ability to serve its constituents and be an environment where business thrives. Areas of cost-savings and operational efficiencies have been identified, potential new revenue streams are being researched, and continued investment in infrastructure have all been prioritized to maintain the high-quality City services to which residents and businesses are accustomed. As required by Chapter 8.2 of the City's Charter, staff presented the proposed budget for FY 2024-25 to City Council on May 7, 2024. Budget Workshop I focused on the vision for the City in the upcoming year and the individual department changes from the previous fiscal year. Budget Workshop II on May 21, 2024, covered the changes in General and Enterprise Fund budgets from previous versions, detailing the current iterations for Council's consideration. Pursuant to Chapter 8.4 of the City's Charter, on June 4, 2024, a public hearing will be held and the final version of the FY 2024-25 Budget is then presented to City Council for adoption to go into effect July 1, 2024 through June 30, 2025. Adoption of Resolution No. 2024-08 approves the Citywide Annual Operating Budget and Capital Improvement Plan. Gann Limit California voters approved an initiative on November 6, 1979 that added Article XIIIB to the State Constitution, which placed limits on the amount of revenue that can be appropriated by all entities of government. This State Appropriations Limit is often referred to as the Gann Limit (Gann), named after Paul Gann, the author of the measure placing the limit in the State constitution. In accordance with that legislation, the governing body of each government jurisdiction must, by resolution, establish its annual Appropriations Limit for the coming year at a regularly scheduled meeting or noticed special meeting. The original Article XIIIB (Proposition 4) and its implementing legislation, Chapter 1205/80, was modified in June 1990 by Proposition 111 and SB 88 (Chapter 60/90). As a result of Proposition 111, the City is required to choose between two annual inflation factors: (1) the growth in California per capita income; or (2) the growth in non-residential assessed valuation due to new construction within the City; and two population factors: (1) the growth in the City; or (2) county population. For the FY 2024-25 Gann appropriations limit calculation, the growth in non- residential assessed valuation due to new construction within the City and the percentage growth in County population was used, which has been the same method used since FY 2017-18. The City's appropriations subject to the limit have remained well below the Gann Appropriations Limit. Given the size of this gap, it is unlikely that the City will exceed the Appropriations Limit in the upcoming years without significant changes to the City's tax structure. The documentation used in the determination of the appropriations limit has been made available for public inspection on the City's website at least 15 days prior to adoption. Adoption of Resolution No. 2024-09 adopts the Appropriations Limit for Fiscal Year 2024-25 pursuant to Government Code Section 7910. Pursuant to Government Code Section 65090, on May 23, 2024, the public hearing notice was posted at City Hall, the City's website and published in the Los Angeles Wave (Huntington Park Bulletin). Fiscal Impact The FY 2024-25 Budget proposes total expenditure appropriations of$401,931,299 which is well under the $3,065,487,178 appropriation limitation imposed pursuant to Gann. Attachments 1. Resolution No. 2024-08 2. Resolution No. 2024-09 3. Gann Limit Calculation 4. Public Hearing Notice 041 O,r c 'IIII DEPARTMENT OF Gavin Newsom • Governor c9`"°as'F I N A N C E 1021 O Street,Suite 3110 • Sacramento CA 95814 • www.dof.ca.gov April 30, 2024 Dear Fiscal Officer: Price Factor and Population Information Appropriations Limit California Revenue and Taxation Code section 2227 requires the Department of Finance to transmit an estimate of the percentage change in population to local governments. Each local jurisdiction must use their percentage change in population factor for January 1, 2024, in conjunction with a change in the cost of living, or price factor, to calculate their appropriations limit for fiscal year 2024-25. Attachment A provides the change in California's per capita personal income and an example for utilizing the factors to calculate the 2024-25 appropriations limit. Attachment B provides the city and unincorporated county population percentage change. Attachment C provides the population percentage change for counties and their summed incorporated areas. The population percentage change data excludes federal and state institutionalized populations and military populations. Population Percent Change for Special Districts Some special districts must establish an annual appropriations limit. California Revenue and Taxation Code section 2228 provides additional information regarding the appropriations limit. Article XIII B, section 9(C) of the California Constitution exempts certain special districts from the appropriations limit calculation mandate.Special districts required by law to calculate their appropriations limit must present the calculation as part of their annual audit. Any questions special districts have on this requirement should be directed to their county, district legal counsel, or the law itself. No state agency reviews the local appropriations limits. Population Certification The population certification program applies only to cities and counties. California Revenue and Taxation Code section 11005.6 mandates Finance to automatically certify any population estimate that exceeds the current certified population with the State Controller's Office. Finance will certify the higher estimate to the State Controller by June 1, 2024. Please note: The prior year's city population estimates may be revised. The per capita personal income change is based on historical data. If you have any questions regarding this data, please contact the Demographic Research Unit at (916) 323-4086. /s Erika Li Attachment April 2024 Attachment A A. Price Factor: Article XIII B specifies that local jurisdictions select their cost of living factor to compute their appropriation limit by a vote of their governing body.The cost of living factor provided here is per capita personal income. If the percentage change in per capita personal income is selected, the percentage change to be used in setting the fiscal year 2024-25 appropriation limit is: Per Capita Personal Income Fiscal Year Percentage change (FY) over prior year 2024-25 3.62 B. Following is an example using sample population change and the change in California per capita personal income as growth factors in computing a 2024-25 appropriation limit. 2024-25: Per Capita Cost of Living Change = 3.62 percent Population Change = 0.17 percent Per Capita Cost of Living converted to a ratio: 3.62 + 100 = 1.0362 100 Population converted to a ratio: 0.17 + 100 = 1.0017 100 Calculation of factor for FY 2024-25: 1 .0362 x 1.0017 = 1.0379 ;/ .- „ ( I )! \ I \ ( 11 I.citi \\c.11.11 ' 70417 IV: April 11, 2024 Ms. Angela Melgar Finance Manager City of Vernon 4305 Santa Fe Ave Vernon, CA 90058 Dear Ms. Angela Melgar: Your agency, the City of Vernon, in order to effect an adjustment of its Gann Limit, has requested that the Assessor's Office supply the percentage change in total assessed valuation for the city over that of the preceding year, due to nonresidential new construction. For the City of Vernon, the 2023-2024 net change in nonresidential new construction, applicable to the 2024-2025 budget, is 16.67%. If we can be of further service, please call Kevin Quon at (213) 974-4877. Sincerely, - - ) Kevin Quon Appraiser Quality Assurance Enclosures COUNTY OF LOS ANGELES - OFFICE OF THE ASSESSOR Proposition 111 Analysis Non-Residential New Construction Total New (SE City Report) Current 7/9/23 New Construction Lesser Maintenance Other Construction Construction Commercial - iAuthorizations $0 $35,310,240 $0 $35,310,240 Industrial Current $0 $126,794 $0 $126,794 Authorizations $0 $0 $0 $0 Other - - 'Current $0 $0 $0 $0 Total New Construction $0 $35,437,034 $0 $35,437,034 Add Fixtures (SV16 Report) Current - 7/11/23 $844,150,057 Less Fixtures (SV16 Report) Prior - 7/21/22 $768,141,683 Net Fixtures Adjustment $76,008,374 Net Increase in New Non-Res Construction from Prior Year $111,445,408 City Total Secured RE & PP Unsecured PP Total Assessed (SV 16 Report) Exemptions Exemption Net Assessed Values Values Current Year - 7/11/23 $4,030,273 $66,948 $7,934,861,122 $7,938,958,343 ___ Prior Year - 7/21/22 $236,626 $0 S7,270,299,791 $7,270,536,417 Net Increase in Local Assessment Roll From Prior Year $668,421.926 Percentage Increase Allowable = New Non-Res Growth / Total Roll Growth X 100 = 16.67% Percentage Increase Allowable (without Fixtures) 5.30% YEAR 2023-2024 AGENCY City of Vernon AGENCY NO. 276.00 Fiscal Year 2024-25 Attachment B Annual Percent Change in Population Minus Exclusions* January 1,2023 to January 1,2024 and Total Population,January 1,2024 Total County Percent Change --- Population Minus Exclusions --- Population City 23-24 1-1-23 1-1-24 1-1-24 South Gate 0.03 92,701 92,729 92,729 South Pasadena -0.37 26,367 26,270 26,270 Temple City -0.18 36,040 35,975 35,975 Torrance -0.36 143,433 142,910 142,910 Vernon -0.49 206 205 205 Walnut -0.10 27,896 27,867 27,867 West Covina 0.65 108,404 109,105 109,105 West Hollywood -0.44 35,229 35,075 35,075 Westlake Village -0.45 7,938 7,902 7,902 Whittier 0.22 87,333 87,527 87,527 Unincorporated -0.19 998,818 996,956 997,587 County Total 0.05 9,810,925 9,815,428 9,824,091 'Exclusions include residents on federal military installations and group quarters residents in state mental institutions,state and federal correctional institutions and veteran homes. ALTERNATIVE ADJUSTMENT FACTORS Under Proposition 111,there are two options available for each of the major adjustment factors. The values of these factors for the purpose of calculating the Gann Limit are as follows: FY 2023 FY 2024 FY 2025 Price Factors: (A) Percent growth in State per Capita Personal Income: 7.55% 4.44% 3.62% (Source: California Department of Finance) Price Factor A 1.0755 1.0444 1.0362 (B) Percent change in Assessed Valuation in new non-residential construction 21.82 11.17 16.67 (Source: Los Angeles County Assessor's Office) Price Factor B 1.2182 1.1117 1.1667 Population Factors: (C) Percentage growth in County Population -0.71 -0.75 0.05 (Source: California Department of Finance) Population Factor C 0.9929 0.9925 1.0005 (D) Percent growth in City Population -0.95 -0.97 -0.49 (Source: California Department of Finance) Population Factor D 0.9905 0.9903 0.9951 Annual Adjustment Factors: Based upon the actual data,the four alternative adjustment factors are as follows: A x C 1.06786395 1.03656700 1.03671810 A x D 1.06528275 1.03426932 1.03112262 B x C 1.20955078 1.10336225 1.16728335 B x D 1.20662710 1.10091651 1.16098317 CITY OF VERNON APPROPRIATION LIMIT UNDER PROPOSITION 4 AND SECTION 7901 OF THE GOVERNMENT CODE 2024-2025 APPROPRIATION LIMIT CALCULATION 2023-2024 Appropriation Limit 2,626,172,281 Increase in Nonresidential Construction 16.67% Los Angeles County population change 0.05% 1.1667 X 1.0005=1.16728335 X 1.16728335 2024-2025 Appropriation Limit 3,065,487,178 e_ &I ( VERNON' ? " CALIFORNIAA NOTICE OF CITY COUNCIL PUBLIC HEARING The City Council of the City of Vernon will conduct a public hearing on June 4, 2024, at 9:00 a.m. (or as soon thereafter as the matter can be heard)which you may attend at Vernon City Hall, City Council Chamber, 4305 Santa Fe Avenue, Vernon, CA 90058 to: Consider Adoption of Fiscal Year 2024-25 Proposed Citywide Budget, Capital Improvement Plan, and Governmental Appropriation Limit (Gann Limit) All relevant documents will be available for public review on the City's website once the agenda for the meeting is posted or from the City Clerk at CityClerk a(�cityofvernon.orq or (323) 583-8811, ext. 546. All interested persons will be given an opportunity to comment on the above-referenced items during the public hearing. In addition, written comments or questions may be submitted prior to the hearing as set forth below. Written Testimony or questions must be received prior to 9:00 a.m. on the date of the hearing. Please send your comments or questions to: Jessica Alcaraz, Financial Services Administrator City of Vernon 4305 Santa Fe Avenue, Vernon, CA 90058 (323) 583-8811, ext. 259 Email:jalcaraz@cityofvernon.org If you challenge the adoption of the Fiscal Year 2024-25 Proposed Citywide Budget, Capital Improvement Plan, and/or the Gann Limit or any provision thereof in court, you may be limited to raising only those issues you or someone else raised at the hearing described in this notice or in written correspondence delivered to the City of Vernon at, or prior to, the meeting. In compliance with the Americans with Disabilities Act (ADA), if you need special assistance to participate in the meeting, please contact the City Clerk Department at (323) 583-8811, ext. 546 at least 48 hours prior to the meeting to assure arrangements can be made. The hearing may be continued, adjourned, or cancelled and rescheduled to a stated time and place without further notice of a public hearing. Dated: May 15, 2024 Yonnie Parker, Deputy City Clerk Publish: May 23, 2024 CALIFORNIA NEWSPAPER SERVICE BUREAU DAILY JOURNAL CORPORATION Mailing Address:915 E 1ST ST, LOS ANGELES,CA 90012 Telephone(800)788-7840/Fax (800)464-2839 Visit us @ www.LegalAdstore.com Yonnie Parker CITY OF VERNON CITY CLERK 4305 SANTA FE AVE VERNON, CA 90058 PRE# 3814632 NOTICE OF CITY COUNCIL PUBLIC HEARING The City Council of the City of Vernon will conduct a public hearing on June 4,2024,at 9:00 a.m.(or as soon thereafter as the matter can be heard)which you may attend at Vernon City Hall, City Council Chamber, 4305 Santa Fe Avenue, COPY OF NOTICE VeConsiderAdrnon,CA opto Consider Adoption of Fiscal Year 2024-25 Proposed Citywide Budget,Capital Improvement Plan,and Governmental Appropriation Limit(Gann Limit) All relevant documents will be available for public review on the City's website once the agenda for the meeting is posted or from the City Clerk at Notice Type: HRG NOTICE OF HEARING CitvClerk{tcitvofvernon.orq or (323) 583-8811, ext. 546.All interested persons will be given an opportunity to comment on the above-referenced Ad Description items during the public hearing. In addition, Notice of Public Hearing-FY 2024-25 Citywide Budget and Gann Limit written commentsthehearing or questions forth may to . Witten � g prior to the as set below. Written Testimony or questions must be received prior to 9:00 a.m.on the date of the hearing. Please send your comments or questions to: To the right is a copy of the notice you sent to us for publication in the Jessica Alcaraz,Financial Services Administrator HUNTINGTON PARK BULLETIN. Please read this notice carefullyand call City of Vernon us 4305 Santa Fe Avenue,Vernon,CA 90058 with any corrections.The Proof of Publication will be filed with the County (323)583-8811,ext.259 Email: jcityoClerk,if required,and mailed to you after the last date below. Publication If you challengeraz theadopti nnof the Fiscal Year date(s)for this notice is(are): 2024-25 Proposed Citywide Budget, Capital Improvement Plan,and/or the Gann Limit or any 05/23/2024 provision thereof in court,you may be limited to raising only those issues you or someone else raised at the hearing described in this notice or in written correspondence delivered to the City of Vernon at,or prior to,the meeting. In compliance with the Americans with Disabilities Act (ADA), if you need special assistance to participate in the meeting,please contact the City An invoice will be sent after the last date of publication. If you prepaid this Clerk least Department p attr( 23)o 583-881i1,ext. to 546ass at order in full,you will not receive an invoice. arrangements can be made. The hearing may be continued, adjourned, or cancelled and rescheduled to a stated time and place without further notice of a public hearing. Yonnie Parker,Deputy City Clerk Dated:May 15,2024 Publish:May 23,2024 5/23/24 PRE-3814632# HUNTINGTON PARK BULLETIN IIII I III II 11111 11 1011 I I II I II 111111 III III * A 0 0 0 0 0 6 7 6 6 7 5 8 *