CC Resolution No. 10-113 Adopting Appropriation Limit for Fiscal Year 2010-11RESOLUTION 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
AYES:
NOES:
ABSENT:
ABSTAIN
ATTEST:
City Clerk
Members of the City Council
Wang, Wong, Chang, Mahoney, Santoro
None
None
None
APPROVED: