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Fiscal Year 2022-23 Appropriations Limit $ 1,321,523,319 <br /> California Per Capita Personal Income:4.440% * <br /> Converted into a Factor 1.0444 <br /> Population Growth:-0.46% * <br /> Converted into a Factor:0.9954 <br /> Calculation of factor for fiscal year 2023-24 (1.0444 x 0.9954):1.0396 <br />Fiscal Year 2023-24 Appropriations Limit $ 1,373,855,642 <br />* Source: State of California, Department of Finance, Price and Population Information - FY 2023-24 <br />COMPUTATION OF APPROPRIATION LIMIT <br /> FOR FISCAL YEAR ENDING JUNE 30, 2024 <br />EXHIBIT 1