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CC Resolution No. 10-113 Establish and Adopt the Appropriation Limit for Fiscal Year 2010-11 RESOLUTION NO. 10 -113 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO ESTABLISHING AND ADOPTING THE APPROPRIATION LIMIT FOR FISCAL YEAR 2010 -11 WHEREAS, the State of California has adopted legislation requiring 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 over the prior year is 1.26 %, and the California per capita personal income change is - 2.54 %. In computing the 2010 -11 limit, City Council has elected to use the county population percentage change along with the California per capita income change, but the Council has a right to change non - residential 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 2010 -11 fiscal appropriation limit of $69,805,323. PASSED AND ADOPTED at a regular adjourned meeting of the City Council of the City of Cupertino this 9th day of June, 2010, by the following vote: Vote Members of the City Council AYES: Wang, Wong, Chang, Mahoney, Santoro NOES: None ABSENT: None ABSTAIN: None ATTEST: APPROVED: doredil City Clerk / ayor, City of Cuperti ' o