CC Resolution No. 9367
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RESOLUTION NO. 9367
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ESTABLISHING AN APPROPRIATION LIMIT FOR FISCAL YEAR
1995-96
WHEREAS, the State of Califomia 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 of county), combined with either the change in inflation (Califomia 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 population percentage change is 2,75% and the California per capita
personal income change is 4.72%,
In computing the 1995-96 limit, City Council has elected to use the city population
percentage change and the California per capita income change, 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 1995-96 fiscal appropriation limit of $29,773,287,
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 19th day of June, 1995, by the following vote:
YQ1!:
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Bautista, Sorensen, Burnett
None
Koppel, Dean
None
ATTEST:
APPROVED:
/s/ Kimberly Smith
City Clerk
/s/ Don Burnett
Vice Mayor, City of Cupertino
Enclosure I
A. Price Factor: Article XIII B specifies that local jurisdictions select their cost-of-living
factor to compute their appropriation limit by a vote of their governing body, Local
jurisdictions may select either the percentage change in California per capita personal
income or the percentage change in the local assessment roll due to the addition of local
nonresidential new construction, If the percentage change in per capita personal income
is selected, the percentage changes to be used in setting 1995-96 appropriation limit are:
Per Capita Personal Income
Fiscal
Year (FY)
Percentage change
over pnor year
1995-96
4,72
B, Following is an example using sample population changes and the changes in California
per capita personal income as growth factors in computing a 1995-96 appropriations
limit. *
1995-96:
Per Capita Change = 4,72 percent
Population change = 2.75 percent
Per Capita converted to a ratio:
4,72 + 100 = 1.0472
100
Population converted to a ratio:
2,75 + 100 = 1.0275
100
Calculation off actor for FY 95-96:
1.0472 x 1.0275 = 1.075998'" 1.076
* Conversion of the factor to a ratio eliminates minus numbers.
94-95 limit x factor = 1995-96 limit
27,670,342 x 1.076 = $29,773,287