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File #: PH 18-040   
Section: Public Hearing Status: Agenda Ready
Meeting Body: City Council
Agenda Date: 5/22/2018 Final action:
Subject: Gann Appropriations Limit for FY 2019
Attachments: 1. Attachment I Staff Report, 2. Attachment II Resolution, 3. Attachment III Historical Gann Calculation Summary

DATE:      May 22, 2018

 

TO:           Mayor and City Council

 

FROM:     Director of Finance

 

SUBJECT                     

 

Title

Gann Appropriations Limit for FY 2019       

                                                     

End
RECOMMENDATION

Recommendation

 

That City Council adopts a Resolution establishing the appropriations limit for Fiscal Year 2019.

 

End

SUMMARY

 

Each fiscal year, the City is required to calculate and establish its appropriations limit. The Gann Limit for FY 2019 is calculated at $297,666,782, and the appropriations subject to the limit total is $121,761,732.

 

ATTACHMENTS

Attachment I                          Staff Report

Attachment II                        Resolution

Attachment III                       Historical Gann Calculation Summary