EXHIBIT 1
City of Alameda
Appropriations Limit Calculation
Fiscal Year 2024-25
I. Calculation of Appropriations Limit:
Fiscal Year 2023-24 Appropriations Limit $158,680,387
Adjustment Factors
a. Cost of Living (Change in Non-residential New Construction) 1.0499 b. Population Change (Change in City population) 1.0121 Change Factor (a. x b.) 1.0626038
Fiscal Year 2024-25 Appropriations Limit $168,614,381
II. Calculation of appropriations subject to the Appropriations Limit:
Fiscal Year 2024-25 Budgeted General Fund Revenue $145,957,975 Add: State Subventions Pursuant to Gov't Code Section 7903 1,900,000 Less: Non-proceeds of taxes (16,032,926)
Total FY 2024-25 appropriations subject to the Appropriations Limit: $131,825,049 Percent (%) of Appropriations Limit 78%
1 EXHIBIT 1
City of Alameda
Proceeds of Taxes Calculation
Fiscal Year 2024-25
Revenue Source
Proceeds of
Taxes
Non-proceeds
of Taxes Total Revenue
Property Taxes 46,901,000$ -$ 46,901,000$ Sales & Use Tax 21,200,000$ - 21,200,000 Property Transfer Tax 10,800,000$ - 10,800,000 Utility User Taxes 9,580,000$ - 9,580,000 Transient Occupancy Tax 3,300,000$ - 3,300,000 Business License Tax 2,800,000$ - 2,800,000 Franchise Fees - 3,376,000$ 3,376,000 AMP Return on Investment (ROI) - 1,088,000$ 1,088,000 Motor Vehicles License Fee In-Lieu 12,025,000$ - 12,025,000 Licenses and Permits - 800$ 800 Fines and Forfeitures - 185,000$ 185,000 Payment In Lieu of Taxes 1,348,000$ - 1,348,000 Construction Improvement Tax 1,200,000$ - 1,200,000 Proposition 172 Sales Tax - 900,000$ 900,000 Other Departmental Revenues/Rents - 10,422,657$ 10,422,657 Transfers In 6,945,000$ - 6,945,000 Total, before interest allocation 116,099,000 15,972,457 132,071,457 Percentage of total revenue 87.91% 12.09% 100.00%
Interest allocation 439,531 60,469 500,000$ Total 116,538,531$ 16,032,926$ 132,571,457$
2