CC Resolution No. 6880
RESOlDTION NO. 6880
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A RESOIIJTION OF THE CITY COUNCIL OF THE CITY OF CUPERI'INO
ESTABLISHING AN APPROPRIATION LIMIT FOR FISCAL YEAR 1986-87
WHEREAS, the State of California has adopted legIslation requiring local
jurisdictions to calculate their appropriation limits in complying with Article
XIII B;
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WHEREAS, said limits are determined by a formula based upon growth and cost
of living factors; and
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WHEREAS, the local governing body is required to set an appropriation limit
by adoption of a resolution;
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WHEREAS, the growth factor is .21% and the cost of living factor is 2.3%;
NOW, THEREFORE, BE IT RESOLVED that the City Council of Cupertino hereby
approved a 1986-87 fiscal year appropriation limit of $19,203,858.
PASSED AND AOOPI'EJ) at a regular meeting of the city Council of the City of
CUpertino this 7th day of July, 1986 by the following vote:
Vote Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Gatto, Johnson, Plungy, Rogers
None
Sparks
None
A'ITEST:
APPROVED ;
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/s/ Dorothy Cornelius
City Clerk
/s/ Barbara A. Rogers
Mayor, City of CUpertino
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