DATE: June 30, 2020
TO: Mayor and City Council
FROM: Director of Finance
SUBJECT
Title
FY2021 Gann Appropriation Limit: Adopt a Resolution Establishing a Gann Appropriations Limit for Fiscal Year 2021
End
RECOMMENDATION
Recommendation
That Council adopts a resolution (Attachment II) establishing a Gann appropriations limit for Fiscal Year 2021.
End
SUMMARY
Each fiscal year, the City is required to calculate and establish its appropriations limit. The Gann Limit for FY 2021 is calculated at $342,711,363, and the appropriations subject to limit total is $108,563,100.
ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution