CC Resolution No. 09-093 Budget appropriation limitRESOLUTION NO. 09-093
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ESTABLISHING AND ADOPTING THE APPROPRIATION
LIMIT FOR FISCAL, YEAR 2009-10
WHEREAS, the State of California has adapted legislation requiring local jurisdictions to
calculate their appropriation limits in complying with Article XIII B; and
WHEREAS, said limits are determined by ~~ formula based upon change in population,
(city or county), combined with either the change iii 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 re~~uired to set an appropriation limit by
adoption of a resolution; and
WHEREAS, the county population percentage change over the prior year is 1.56%, and
the California per capita personal income change i:> 0.62%.
In computing the 2009-10 limit, City Coun~~il 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 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 2009-10 fiscal appropriation liir.~it of $70,733,348.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 16`t' day of June, 2009 by the following vote:
Vote
AYES:
NOES:
ABSENT:
ABSTAIN
ATTEST:
Members of the City Council
Mahoney, Sandoval, Santoro, Wang, Wong
None
None
None
City Clerk ~'j~e ,~~
APPROV
M or, City of Cu ertino