CC Resolution No. 22-066 establishing an Appropriations Limit of $122,756,522 for FY 2022-23RESOLUTION NO. 22-066
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ESTABLISHING AND ADOPTING THE APPROPRIATION
LIMIT IN THE AMOUNT OF $122,765,522 FOR FISCAL YEAR 2022-23
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, 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 of Cupertino's population percentage change over the prior
year is -0.46%, and the California per capita personal income change is 7.55%; and
WHEREAS, in computing the 2022-23 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 2022-23 fiscal appropriation limit of $122,765,522, 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.
PASSED AND ADOPTED at a special meeting of the City Council of the City of
Cupertino this 9th day of June, 2022, by the following vote:
7/11/22
Resolution No . 22-066
Page2
Vote Members of the City Council
AYES: Paul, Chao, Wei, Willey
NOES: Moore
ABSENT: None
ABSTAIN: None
SIGNED:
L2~~~
Darcy Paul,ayor
City of Cupertino
ATTEST:
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Kirsten Squarcia, City Clerk
7/ /0 /zu z_z_
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