Attachment 3.A
City of Hercules
Appropriations Limit Calculation
I. Calculation of Appropriations Limit:
Fiscal Year 2022-23 Appropriations Limit $506,343,344
Adjustment Factors
a. Per Capita Cost of Living Change 1.0444
b. Population Change (Change in City population) 1.0136 Change Factor (a. x b.) 1.0586
Fiscal Year 2023-24 Appropriations Limit $536,017,008
II. Calculation of appropriations subject to the Appropriations Limit:
Fiscal Year 2023-24 Budgeted General Fund Revenue $18,431,887 Less: Non-proceeds of taxes (3,754,579)
Total FY 2023-24 appropriations subject to the Appropriations Limit:$14,677,308 Percent (%) of Appropriations Limit 3%
Source: State Department of Finance
Fiscal Year 2023-24