CC Resolution No. 7219
RFSOllmON NO. 7219
A RFSOIDTION OF THE CITY CXXJNCIL OF THE CITY OF aJl'='.ui/O
FSTABLISHING AN APPROPRIATION LIMIT FOR FISCAL YEAR 1987-88
WHEREAS, the state of California has adopted legislation requiring local
jurisdictions to calculate their appropriation limits in complying with Article
XIII B;
WHEREAS, said limits are determined by a formula based upon growth and cost
of living factors; and
WHEREAS, the local governing body is required to set an appropriation limit
by adoption of a resolution;
WHEREAS, the growth factor is .09% and the cost of living factor is 3.04%;
NŒl, THEREFORE, BE IT RFSOLVED that the City Council of CUpertino hereby
approved a 1987-88 fiscal year appropriation limit of $19,806,859.
PASSED AND ADOPl'ED at a regular meeting of the City Council of the City of
CUpertino this 6th day of Jul¥ 1987 by the following vote:
Vote Men1bers of the citv Council
AYES: Gatto, Johnson, Plungy, Rogers, Sparks
NOFS: None
ABSENT: None
ABSTAIN: None
ATl'EST:
APPOOVED;
/s/ Dorothy Cornelius
City Clerk
/s/ W. Reed Sparks
Mayor, City of CUpertino