1 FY 2022-23 Appropriations Limit $ 160,431,320
2 Multiply FY 2021-22 Appropriations Limit
by cumulative growth factors for changes in
the California Per Capita Personal Income
and the population change for Los Angeles County
1.036567 *
2023-2024 Appropriations Limit $ 166,297,812
* Personal Income Factor 1.0444
Los Angeles County Population Change 0.9925
Annual Adjustment 1.0366
1.0444 x 0.9925 = 1.0366
1.0366
EXHIBIT A
CITY OF REDONDO BEACH
2023-2024 APPROPRIATIONS LIMIT