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Adopt a resolution establishing the appropriations limit for 2024-25 <br />June 18, 2024 <br />Page 2 <br />Exhibit 1 identifies the factors used to determine the allowable inflationary increase from <br />the prior year. Exhibit 2 categorizes FY 2024-25 anticipated revenues from "Proceeds <br />of Taxes" and "Non -Proceeds of Taxes." Exhibit 3 computes the FY 2024-25 <br />appropriations subject to this limitation, and identifies the difference between the limit <br />and the budgeted appropriation. As demonstrated in Exhibit 3, the City's anticipated <br />fiscal year 2024-25 appropriations subject to limitation is $318,718,831, which is <br />$1,109,266,723 less than the allowable GANN Limit. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />EXHIBIT(S) <br />1. Computation of Appropriation Limit <br />2. Schedule to Categorize Anticipated Revenues <br />3. Appropriation Subject to Limitation <br />4. Resolution <br />Submitted By: Kathryn Downs, Finance and Management Services Agency Executive <br />Director <br />Approved By: Alvaro Nunez, Acting City Manager <br />