CC Resolution No. 9120
RESOLUTION NO. 9120
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ESTABLISHING AN APPROPRIATION LIMIT FOR FISCAL YEAR
1994-95
WHEREAS, the State of California has adopted legislation reqwrmg 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 is 1.6% and the California
per capita personal income change is .71 %.
In computing the 1994-95 limit, City Council has elected to use the county
population percentage change, and the California per capita income change was used, but
the Council has a right to change to nonresidential 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 1994-95 fiscal appropriation limit of $27,670,342.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 20th day of June , 1994, by the following vote:
~ Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Bautista, Burnett, Sorensen, Dean
None
Koppel
None
APPROVED:
181 Wally Dean
Mayor, City of Cupertino
ATTEST:
181 Kim Marie Smith
City Clerk