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