Exhibit I
City of San Clemente
Article XIII B: Revised Appropriations Limit Computation For The Fiscal Year 2025-26
1. Appropriations limit for FY 2024-25 $ 118,137,425 (1)
2. Annual Adjustment Factor
a. Per capita personal income change 6.44% (2)
b. Population change 0.17% (3)
(1.029 times 1.0017) 1.06619777
3. FY 2025-26 limit times annual adjustment factor 125,957,859
4. Less FY 2024-25 excess user fees or other alterations 0
5. Appropriations Limit for FY 2025-26 125,957,859
6. FY 2025-26 proceeds from taxes 67,487,099
7. Margin $ 58,470,760
Notes:
(1) Established by Resolution 22-25
(2) Source is the State Department of Finance
(3) The higher of the City population change or the total County population change is used for this factor. For FY 2025-26, the County change exceeds the City. The difference in City population of 62,865 at 1/2025 and population of 63,085 at 1/2024 divided by 63,085 = -0.35% and the County change is 0.17%.