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<br />CITY OF SAN LEANDRO <br />Appropriation Limitation Calculation <br />2007-2008 <br /> <br />Attachment 1 <br /> <br />Executive Summary <br /> <br />An annual calculation of the City's appropriation limitation is required by Article XIIIB of the <br />California Constitution. City expenditures may increase only in relation to changes in per <br />capita income or growth in non-residential assessment valuation, whichever is greater, and the <br />population change for the City or County, whichever is greater. <br /> <br />The City's 2006-07 proposed budget appropriations that are subject to limitation is <br />approximately $63.5 million or 51 % under the limitation as shown below: <br /> <br />I. Determination of Appropriation Limit: <br /> <br />2007 -08 Appropriation Limit <br /> <br />$ <br /> <br />134,769,937 <br /> <br />II. Determination of Appropriations Subject to Limitation: <br /> 2007 -08 Gross Resource $ 135,986,154 <br /> Less: <br /> Use of Fund Balance (1,254,4 77) <br /> Use of Designated Capital Reserves (2,731,000) <br /> 2007-2008 Revenue Sources for Appropriations $ 132,000,677 <br /> (Schedule 3 Page 2) <br /> Deductions of Exempt Revenues and Debt Service (62,222,347) <br /> (Schedule 3 Page 2) <br /> 2007-08 Appropriations Subject to Limitation $ 69,778,330 <br />III. Amount Under Appropriation Limit (I-II) $ 64,991,607 <br /> <br />G:\GANN LIMIT CALCULATION WORKSHEETS\2007-08\GANN limit 2007-08 apltcalc.xlw <br />