CC Resolution No. 8910
RESOLUTION NO. 8910
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CUPERTINO ESTABLISHING AN APPROPRIATION LIMIT FOR
FISCAL YEAR 1993-1994
WHEREAS, the State of California has adopted legislation requlnng local
jurisdictions to calculate their appropriation limits in complying with Article XIII B; and
WHEREAS, said limits are determined by a formula based upon change in
population, (city or county), combined with either the change in inflation (California per
capita income) or the change in the local assessment roll due to local nonresidential
construction; and
WHEREAS, the local governing body is required to set an appropriation limit by
adoption of a resolution; and
WHEREAS, the county population percentage change is 1.71% and the California
per capita personal income change is 2.72%.
In computing the 1993-1994 limit City Council has elected to use the county
population percentage change, and the California per capita income change was used, but
the Council has a right to change to nonresidential assessed valuation percentage when the
figure is available.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Cupertino hereby approves a 1993-94 fiscal year appropriation limit of $27,042,946.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this ~ day of J line, 1993, by the following vote:
Vote Members of the City Council
A1rES: Dean, Goldman, Koppel, Sorensen, Szabo
NOES: None
AJBSE~: None
AJBST~: None
RESOLUTION NO. 8910
APPROVED:
/s/ Nick Szabo
Mayor, City of Cupertino
ATIEST:
/s/ Dorothy Cornelius
City Clerk