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Attachment A - Gann Appropriations Limit Calculation Fiscal Year 2024

Emeryville City Council
June 6, 2023

Document
Attachment A - Gann Appropriations Limit Calculation Fiscal Year 2024
Meeting
June 6, 2023
Body
Emeryville City Council
Original file
195 KB
Text extracted from the city's file for reading and search. Open the original on emeryville.legistar1.com. That file is the official record.

City of Emeryville Fiscal Year 2023-24
Gann Appropriations Limit Calculations
City Population County Population
Change Change
Population Change as of January 1, 2023 1.06% A -0.47% A Per Capita Consumer
Change Price Index
Cost of Living FY 2023-24 4.44% B 5.60% C
FY 23-24 Gann Limit Growth Factor
1 + Larger of County and City Population 101.06%
1 + Larger of Per Capita Change and
12-Month Change in CPI for County x 105.60%
INCREASE in City's Appropriations Limit for FY 2023-24 1.067194 FY 2022-23 Appropriations Limit 132,398,346 $ D
Growth Factor x 1.067194
FY 2023-24 APPROPRIATIONS LIMIT $ 141,294,720
Notes:

C - Bureau of Labor Statistics CPI, 2022 Avg Change - SF Area (includes Alameda County) D - FY2022-23 General Fund Appropriations Limit as adopted by City Council A - California Department of Finance Population Estimate for Cities, Counties, and State, Dated May, 2023
B - California Department of Finance Letter - Price Factor and Population Information, Dated May, 2023

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