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EXHIBIT 1 <br />COMPUTATION OF APPROPRIATION LIMIT <br />FOR FISCAL YEAR ENDING JUNE 30, 2018 <br />Fiscal Year 2016-17 Appropriations Limit <br />California Per Capita Personal Income: <br />Converted into a Factor <br />Population Growth: <br />Converted into a Factor: <br />$ 997,277,479 <br />3.690% <br />1.0369 <br />0.69% <br />1.0069 <br />Calculation of factor for fiscal year 2017-18 (1.0369 x 1.0069): 1.0441 <br />Fiscal Year 2017-18 Appropriations Limit $ 1,041,257,416 <br />* Source: State of California, Department of Finance, Price and Population Information - FY 2017-18 <br />55A-3 <br />