CITY OF SUNNYVALE
CALCULATION OF APPROPRIATIONS LIMIT
FY 2024/25 Recommended Budget
FY 2023/2024 FY 2024/2025
Appropriations:
1001 General Fund 227,154,457 $ 246,851,386 $
2020 Housing Fund 17,987,154 34,527,505
2060 Home Fund 89,191 1,111,667
2070 Permanent Local Housing Allocation (PLHA) - 462,456 2080 Redevelopment Housing Fund 1,304,718 307,190 2040 Community Development Block Grant Fund 1,366,188 1,498,986 2100 Park Dedication Fund 16,049,372 15,316,069
2200. Public Safety Forfeiture Fund - -
2220 Police Services Augmentation Fund 427,681 469,166 2300 Employment Development Fund 10,799,132 10,500,000 2400 Parking District Fund 383,527 394,448
2500 Gas Tax Fund 1,250,000 1,472,565
2521 RMRA (SBI) 3,761,168 3,874,003
2560 2016 Measure B Santa Clara VTA Fund 31,497,400 5,211,039 2580 VRF Local Road Improvement Fund - -
1040 Youth and Neighborhood Services Fund 1,051,309 1,383,493 3100 Capital Projects Fund 8,703,838 11,984,591 3200 Infrastructure Renovation and Replacement Fund 18,517,919 34,285,005 Total Appropriations 340,343,054 369,649,569
Appropriation Adjustments:
Current Non-Tax Revenues (127,806,679) (115,666,674) Prior Non-Tax Revenues - -
Debt Service Appropriation - -
Qualified Capital Outlay - -
Total Appropriation Adjustments (127,806,679) (115,666,674) Appropriations Subject to Limit 212,536,376 253,982,895 Growth Rate Factor 1.0441 1.0387
Total Allowable Appropriations Limit 304,855,740 316,649,657 (Prior Year Appropriations Limit x Growth Rate Factor)
Amount Under (Over) Allowable Appropriations Limit 92,319,364$ 62,666,762$ 05/28/2024
Attachment 1
CITY OF SUNNYVALE
CALCULATION OF APPROPRIATIONS LIMIT
FY 2024/25 Recommended Budget
FY 2023/2024 FY 2024/2025
Revenues:
Tax Revenues:
Property Tax 117,631,014$ 131,814,491$
Sales Tax 34,286,478 37,378,546
Other Taxes 35,460,907 35,179,885
Unrestricted State Subventions 150,879 426,522 Interest Income 7,943,348 9,099,951
Total Tax Revenues 195,472,626 213,899,395
Non-Tax Revenues:
Federal Grants 12,009,643 14,950,000
Restricted State Shared Revenues 3,975,310 4,220,335 State Grants/Reimbursements 4,500,781 4,953,281 Other Intergovernmental Contributions 32,021,096 6,846,722 Franchise Fees 7,525,097 8,249,196
Permits and Licenses 2,274,571 2,331,896
Service and Development Fees 43,390,339 54,569,921 Rents and Concessions 10,321,126 12,197,540
Fines and Forfeitures 534,269 481,252
Housing Loan Repayments 1,932,349 791,972
Revenue from Sale of Property - -
Miscellaneous 130,847 204,121
Inter-Fund Loan Repayments 3,997,618 949,615
Interest Income 5,193,633 4,920,823
Total Non-Tax Revenues 127,806,679 115,666,674
Total Revenues 323,279,305$ 329,566,069$
05/28/2024
Attachment 1