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File Number: 23-218 <br />Fund. The City’s 2023-2024 appropriations subject to the Gann Limit are $121,609,700, <br />significantly below the legal limit allowed of $310,026,805-a margin of over $188,000,000. <br />Current City Council Policy <br />The Council adopts the appropriation limit annually during the final budget adoption process. <br />Fiscal Impact <br />None. The Gann Limit impacts the City only if the appropriation limit is exceeded by the <br />proposed fiscal year 2023-2024 appropriation subject to limitation. The City has never exceeded <br />the Gann Limit. <br />CONCLUSION <br />Staff recommends City Council approval of a resolution establishing the City’s appropriation limit <br />of $310,026,805 for 2023-2024. <br />ATTACHMENTS <br />Attachment A: Resolution Approving Gann Limit Appropriation <br />Attachment B: Gann Appropriation Limitation Calculation <br />PREPARED BY <br />T. Michael Yuen, Finance Director <br />Page 2 City of San Leandro Printed on 5/10/2023