CC Resolution No. 12-071 Establishing and Adopting the Appropriation Limit for Fiscal Year 2012-13 RESOLUTION NO. 12-071
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ESTABLISHING AND ADOPTING THE APPROPRIATION
LIMIT FOR FISCAL YEAR 2012-13
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 city/county population percentage change over the prior year is .61%
/1.24% respectively, and the California per capita personal income change is 3.77%.
In computing the 2012-13 limit, the 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 use the non-residential assessed valuation percentage change when the figure is available.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Cupertino
hereby approves a 2012-13 fiscal appropriation limit of$75,844,982.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 19th day of June 2012, by the following vote:
Vote Members of the City Council
AYES: Santoro, Mahoney, Chang, Wong
NOES: None
ABSENT: Sinks
ABSTAIN: None
ATTEST:6)04-er -I1A/AU1-- APPROVED:
Grace Schmidt, City Clerk Mark Santoro, Mayor, City of Cupertino