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EXHIBIT 1 <br />COMPUTATION OF APPROPRIATION LIMIT <br />FOR FISCAL YEAR ENDING JUNE 30, 2024 <br />Fiscal Year 2022-23 Appropriations Limit $ 1,321,523,319 <br />California Per Capita Personal Income: 4.440% * <br />Converted into a Factor 1.0444 <br />Population Growth: -0.46% * <br />Converted into a Factor: 0.9954 <br />Calculation of factor for fiscal year 2023-24 (1.0444 x 0.9954): 1.0396 <br />Fiscal Year 2023-24 Appropriations Limit $ 1,373,855,642 <br />* Source: State of California, Department of Finance, Price and Population Information - FY 2023-24 <br />City Council 26 — 3 6/20/2023 <br />