DATE: May 21, 2019
TO: Mayor and City Council
FROM: Director of Finance
SUBJECT
Title
Gann Appropriations Limit for FY 2020
End
RECOMMENDATION
Recommendation
That City Council adopts the attached resolution establishing an appropriations limit for Fiscal Year 2020, including the revised resolution establishing an appropriations limit for Fiscal Year 2018 and Fiscal Year 2019.
End
SUMMARY
Each fiscal year, the City is required to calculate and establish its appropriations limit. The Gann Limit for FY 2020 is calculated at $329,169,966, and the appropriations subject to the limit total $133,271,670.
ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution