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Town of Los Altos Hills Exhibit 1A <br /> Appropriations Limit Calculation for Fiscal Year 2017-18 <br /> A. Calculation of 2016-17 Appropriations Limit <br /> Prior Year Appropriation Limit $ 6,477,791 <br /> Annual Change Factors <br /> Cost of living adjustment factors <br /> California per capita personal income(CPCPI) 1.0369 <br /> Population adjustment factors <br /> Town of Los Altos Hills(LAH) 1.0059 <br /> County of Santa Clara(SCC) 1.0081 <br /> Authorized Adjustment Factor <br /> CPCPI X LAH Population change 1.0453 <br /> 2016-17 Appropriation Limit as adjusted <br /> Prior year limit x Authorized Adjustment Factor $ 6,771,228 <br /> B. 2016-17 Estimated Tax Proceeds Subject to Appropriations Limit <br /> Property taxes <br /> Current secured and unsecured $ 4,312,000 <br /> In-lieu of vehicle license fees&triple flip 1,045,800 <br /> Supplemental taxes 139,900 <br /> Homeowner's property tax exemption 19,500 <br /> Subtotal all property taxes $ 5,517,200 <br /> Other Taxes <br /> General sales tax $ 75,600 <br /> Property transfer taxes 225,100 <br /> Business tax 211,000 <br /> Public safety sales tax 50,900 <br /> Subtotal all other taxes $ 562,600 <br /> Total estimated tax proceeds subject to appropriations limit $ 6,079,800. <br /> C. 2016-17 Appropriations Subject to Limit <br /> Appropriations supported by tax proceeds(net of user fees and reimbursements) <br /> Administration $ 1,893,447 <br /> Committees and Grants 253,494 <br /> Public Safety 1,369,891 <br /> Planning, Building, Engineering 2,088,191 <br /> Parks&Recreation 526,140 <br /> Total appropriations subject to limit $ 6,131,163 <br /> D. Over(Under)Appropriations Limit <br /> Appropriations limit as adjusted $ 6,771,228 <br /> Total appropriations subject to limit 6,131,163 <br /> Appropriations Over(Under)Appropriations Limit $ (640,065) <br /> -9 <br /> Resolution 34-17 Page 3 <br />