diff --git a/src/lib.rs b/src/lib.rs
index 1458b752..123dd88e 100644
--- a/src/lib.rs
+++ b/src/lib.rs
@@ -62,6 +62,7 @@ impl WorkloadGovernor {
         }
         admin.require_auth();
         storage::set_admin(&env, &admin);
+        storage::set_global_cap(&env, storage::GLOBAL_APP_LIMIT);
         storage::bump_instance(&env);
         events::emit_initialized(&env, &admin);
     }
diff --git a/src/storage.rs b/src/storage.rs
index c9b91a74..283ffc9b 100644
--- a/src/storage.rs
+++ b/src/storage.rs
@@ -233,6 +233,27 @@ pub(crate) fn extend_app_entry_ttl(
         .extend_ttl(&key, APP_TTL_LEDGERS, APP_TTL_LEDGERS);
 }
 
+// ---------------------------------------------------------------------------
+// Persistent storage — Global application cap
+// ---------------------------------------------------------------------------
+//
+// Key: `symbol_short!("g_cap")`
+// Value: `u32`
+
+fn global_cap_key() -> Symbol {
+    symbol_short!("g_cap")
+}
+
+/// Returns the configured global application cap, defaulting to `GLOBAL_APP_LIMIT`.
+pub(crate) fn get_global_cap(env: &Env) -> u32 {
+    env.storage().persistent().get(&global_cap_key()).unwrap_or(GLOBAL_APP_LIMIT)
+}
+
+/// Stores a new global application cap.
+pub(crate) fn set_global_cap(env: &Env, cap: u32) {
+    env.storage().persistent().set(&global_cap_key(), &cap);
+}
+
 // ---------------------------------------------------------------------------
 // Persistent storage — Admin
 // ---------------------------------------------------------------------------
diff --git a/src/test.rs b/src/test.rs
index f7d48914..2094774f 100644
--- a/src/test.rs
+++ b/src/test.rs
@@ -528,9 +528,11 @@ fn unit_event_initialized_has_two_topics() {
     t.client.initialize(&admin);
 
     let events = t.env.events().all();
-    let (_, topics, _): (_, soroban_sdk::Vec<soroban_sdk::Val>, soroban_sdk::Val) =
+    let (_, topics, data): (_, soroban_sdk::Vec<soroban_sdk::Val>, soroban_sdk::Val) =
         events.last().unwrap();
     assert_eq!(topics.len(), 2, "Expected 2-element topics tuple");
+    let payload = soroban_sdk::vec![&t.env, 1u32, admin.clone()];
+    assert_eq!(data, payload.into_val(&t.env));
 }
 
 #[test]
@@ -547,9 +549,11 @@ fn unit_event_application_submitted_has_two_topics() {
 
     let events = t.env.events().all();
     assert!(!events.is_empty());
-    let (_, topics, _): (_, soroban_sdk::Vec<soroban_sdk::Val>, soroban_sdk::Val) =
+    let (_, topics, data): (_, soroban_sdk::Vec<soroban_sdk::Val>, soroban_sdk::Val) =
         events.last().unwrap();
     assert_eq!(topics.len(), 2, "Expected 2-element topics tuple");
+    let payload = soroban_sdk::vec![&t.env, 1u32, contributor.clone(), org.clone(), 5u32];
+    assert_eq!(data, payload.into_val(&t.env));
 }
 
 // ---------------------------------------------------------------------------