Attachment 3.A
City of Hercules
Appropriations Limit Calculation
I. Calculation of Appropriations Limit:
Fiscal Year 2023-24 Appropriations Limit $536,017,008
Adjustment Factors
a. Per Capita Cost of Living Change 1.0362
b. Population Change (Change in City population) 0.9947 Change Factor (a. x b.) 1.0307
Fiscal Year 2024-25 Appropriations Limit $552,477,093
II. Calculation of appropriations subject to the Appropriations Limit:
Fiscal Year 2024-25 Budgeted General Fund Revenue $19,835,823 Less: Non-proceeds of taxes (4,284,026)
Total FY 2024-25 appropriations subject to the Appropriations Limit:$15,551,797 Percent (%) of Appropriations Limit 3%
Source: State Department of Finance
Fiscal Year 2024-25