CITY OF SUNNYVALE
CALCULATION OF APPROPRIATIONS LIMIT
FY 2023/24 Recommended Budget
FY 2022/2023 FY 2023/2024
Appropriations:
1001 General Fund 202,839,588 $ 224,255,215 $
2020 Housing Fund 1,724,528 17,987,154
2060 Home Fund 2,081,013 89,191
2080 Redevelopment Housing Fund 2,801,782 1,304,718 2040 Community Development Block Grant Fund 1,783,827 1,366,188 2100 Park Dedication Fund 21,994,117 16,422,502
2200. Public Safety Forfeiture Fund - -
2220 Police Services Augmentation Fund 406,735 427,681 2300 Employment Development Fund 10,500,000 10,799,132 2400 Parking District Fund 200,100 383,527
2500 Gas Tax Fund 1,250,000 1,250,000
2521 RMRA (SBI) 3,335,704 3,761,168
2560 2016 Measure B Santa Clara VTA Fund 3,224,977 31,497,400 2580 VRF Local Road Improvement Fund 139,445 - 1040 Youth and Neighborhood Services Fund 999,521 1,051,309 3100 Capital Projects Fund 4,238,051 8,703,838 3200 Infrastructure Renovation and Replacement Fund 4,209,572 18,517,919 Total Appropriations 261,728,960 337,816,942
Appropriation Adjustments:
Current Non-Tax Revenues (123,998,118) (127,806,679) Prior Non-Tax Revenues - -
Debt Service Appropriation - -
Qualified Capital Outlay (1,281,250) -
Total Appropriation Adjustments (125,279,368) (127,806,679) Appropriations Subject to Limit 136,449,593 210,010,263 Growth Rate Factor 1.0817 1.0441 (1) Total Allowable Appropriations Limit 291,983,171 304,855,740 (Prior Year Appropriations Limit x Growth Rate Factor)
Amount Under (Over) Allowable Appropriations Limit 155,533,578$ 94,845,477 $ Attachment 1
CITY OF SUNNYVALE
CALCULATION OF APPROPRIATIONS LIMIT
FY 2023/24 Recommended Budget
FY 2022/2023 FY 2023/2024
Revenues:
Tax Revenues:
Property Tax 110,225,171$ 117,631,014$
Sales Tax 29,876,069 34,286,478
Other Taxes 28,937,546 35,460,907
Unrestricted State Subventions 118,955 150,879 Interest Income 5,175,120 7,943,348
Total Tax Revenues 174,332,861 195,472,626
Non-Tax Revenues:
Federal Grants 16,188,486 12,009,643
Restricted State Shared Revenues 4,447,916 3,975,310 State Grants/Reimbursements 4,182,082 4,500,781 Other Intergovernmental Contributions 4,984,261 32,021,096 Franchise Fees 7,507,779 7,525,097
Permits and Licenses 1,992,514 2,274,571
Service and Development Fees 67,600,506 43,390,339 Rents and Concessions 6,989,808 10,321,126
Fines and Forfeitures 792,211 534,269
Housing Loan Repayments 558,140 1,932,349
Revenue from Sale of Property - -
Miscellaneous 653,679 130,847
Inter-Fund Loan Repayments 4,419,817 3,997,618 Interest Income 3,680,919 5,193,633
123,998,118 127,806,679
298,330,979$ 323,279,305$
Total Non-Tax Revenues
Total Revenues
(1) The 2023/2024 rate will be available after May 7 , 2023 Attachment 1