1 FY 2023-24 Appropriations Limit 166,297,812 $
2 Multiply FY 2023-24 Appropriations Limit
by cumulative growth factors for changes in
the California Per Capita Personal Income
and the population change for Los Angeles County
1.03900 *
2024-2025 Appropriations Limit $ 172,783,051
* Personal Income Factor 1.0362
Los Angeles County Population Change 1.0027
Annual Adjustment 1.0390
1.0362 x 1.0027 = 1.03900
EXHIBIT A
CITY OF REDONDO BEACH
2024-2025 APPROPRIATIONS LIMIT