EXHIBIT [A]
FISCAL YEAR 2023-2024
APPROPRIATIONS LIMITATION
Article XIIIB of the California Constitution specifies that “Appropriations made by State and Local Governments may increase annually by a Factor comprised of the Change in Population combined either with the Change in California Per Capital Personal Income or the Local Assessment Roll due to Local Nonresidential Construction.” Per Capita Change 4.44% Converted to a
Factor
1.0444
Population Change -0.61% Converted to a
Factor
0.9965
Ratio of Change 1.0444 (x) 0.9965 (=) 1.0407
2022-2023 Appropriations Limit: $10,315,742.19
Factor 1.0407
2023-2024 Appropriations Limit: $10,735,592.90
The Amount subject to the Appropriations Limit is calculated as follows:
2023-2024 PROPOSED BUDGET
(1) Property Taxes $885,546
(2) Sales and Use Tax $3,147,245
(3) Utility Users Tax $250,000
(4) Business License Tax $65,000
(5) Transient Occupancy Tax $2,200
(6) Other Taxes:
Real Estate Transfer Tax
Homeowner’s Property Tax
Relief (HOPTR)
$8,000
(7) Interest (Prorated) $20,000
(8) Motor Vehicle In-Lieu Tax $1,218,200
Total Amount subject to Limitations $5,596,191
EXHIBIT B