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Conejo Recreation Park District CRPD GENERAL MANAGER Jim Friedl DATE: May 16, 2024 BOARD OF DIRECTORS George M. Lange, Chair Doug Nickles, Vice -Chair Chuck Huffer, Director Nellie Cusworth, Director Marissa Buss, Director GENERAL MANAGER EMERITUS TO: Board of Directors Tex Ward el FROM: Jim Friedl, General Mana SUBJECT: Appropriation Amount Subject�fo Limitation, FY 2024-2025 RECOMMENDATION The Board of Directors adopt Resolution No. 051624-C setting the 2024-2025 appropriation subject to limitation. DISCUSSION Article XIII B of the California Constitution specifies that appropriations made by governmental entities may increase annually by the change in population and the change in the California per capita personal income. While the percent change in California per capita personal income used in setting the 2024-2025 appropriations limit is a statewide figure, the district population increase is the percent change in population for the City of Thousand Oaks. The City population and California per capita personal income changes are provided by the State Department of Finance. In calculating the appropriation amount subject to limitation, fiscal year 1978-1979 was designated as the base year with adjustments to be made in subsequent years according to the criteria as referenced above. Staff has computed the limitation amount for fiscal year 2024-2025 as indicated in Attachment B. Attachment A is a proposed resolution setting the amount. Respectfully submitted, Me issa S Administrator Management Services Attachments: A. Resolution No. 051624-C B. 2024-2025 Appropriation Limit Prepared by, Loretta Massie Finance Manager ADMINISTRATIVE OFFICES Q 403 West Hillcrest Drive, Thousand Oaks, CA 91360-4223 t. 805-495-6471 1 6 805-497-3199 1 r--, parks@crpd.org 16 www.crpd.org