CC Resolution No. 18-058 Establishing and Adopting the Appropriation Limit in the Amount of $100,538,305 for the Fiscal Year 2018-19RESOLUTION NO. 18-058
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ESTABLISHING AND ADOPTING THE APPROPRIATION
LIMIT IN THE AMOUNT OF $100,538,305 FOR FISCAL YEAR 2018-19
WHEREAS, the State of California has adopted legislation requiring local
jurisdictions to calculate their appropriation limits in complying with Article XIII B of the
State Constitution; and
WHEREAS, pursuant to Proposition 111, passed by the voters of California on
June 5, 1990, said limits are determined by an adjustment formula based upon change in
population, (either 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 each
year by adoption of a resolution; and
WHEREAS, the city/county population percentage change over the prior year is
.02% /.99% respectively, and the California per capita personal income change is
3.67%; and
WHEREAS, In computing the 2018-19 limit based upon the adjustment factors
provided pursuant to Proposition 111, the City Council has elected to use the county
population percentage change along with the California per capita income change, but
the Council expressly reserves the 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 2018-19 fiscal appropriation limit of $100,538,305, based on
Proposition 111 guidelines allowing for use of the county population percentage change
along with the California Per Capita Personal Income change to adjust base year
appropriations.
BE IT FURTHER RESOLVED that the City Council of the City of Cupertino hereby
reserves the right to use the non-residential assessed valuation percentage change when
the figure is available.
PASS ED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 5th day of June, 2018, by the following vote:
CC Resolution No. 18-058
Page 2
AYES:
NOES:
Paul, Sinks, Chang, Scharf, Vaidhyanathan
None
ABSENT: None
ABSTAIN: None
ATTEST: APPROVED:
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Grace Schmidt, City Clerk
City of Cupertino