Loading...
HomeMy WebLinkAboutCity Council Resolution 2430 RESOLUTION NO. 2430 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA ESTABLISHING THE 1987-88 FISCAL YEAR APPROPRIATION LIMIT FOR THE CITY OF SARATOGA WHEREAS, the City of Saratoga has established its Base Year appropriation limit as $5,961,747 (Five Million, Nine Hundred Sixty-one Thousand, Seven Hundred Forty-seven Dollars); and WHEREAS, the cumulative appropriate changes to the City's population, the Consumer Price Index, and per capita income statewide since the Base Year established the 1986-87 Fiscal Year Appropriations Limit as $9,997,500 (Nine Million, Nine Hundred Ninety-seven Thousand, Five Hundred Dollars); and WHEREAS, to the best of this City's knowledge and belief, the State Department of Finance figures provided to this City reflect the appropriate statistics relevant to the calculation of the 1987-88 Fiscal Year Appropriation Limit: Consumer Price Index change on a March-to-March basis for the period ending March, 1987, plus 3.04% (three point zero four percent); Population adjustments for 1987, plus 0.62% (zero point six two percent). NOW, THEREFORE, it is hereby resolved as follows: Section 1: Based on the foregoing figures and the provisions of Article XIIIB of the Constitution of the State of California, the following figure accurately represents the 1987-88 Fiscal Year Appropriation Limit for the City of Saratoga: $10,365,293 (Ten Million, Three Hundred Sixty-five Thousand, Two Hundred Ninety- three Dollars). Section 2: The City Clerk shall certify to the passage of this ~esolUti~n. The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held on th~ 17th day of June, 1987, by the following vote: AYES: Councilmembers Anderson, Clevenger, Moyles, Peterson, and Mayor Hlava NOES: None ABSENT: None ~ MAY ATTEST: Deput~~.~-~.j ~ 17,25,33,41,49,57,85,73.81,89,9LA5,83,CI ,C9,07o CITY OF SARATOGA SOURCE; APPROPRIATIONS LIMIT POPULATIO JUNE 30, ?987 05/12/87 8AGE YEAR-78/?9 $5,961,747 POP CHANGE ($51,867) $5,909,880 CPI/PERSONAL INCOME $601,035 GANN LIMIT-79/GO POP CHANGE $100,268 1.54% $8,611,183 CPI/PERSONAL INCOME $800,514 12.11% GANN LIHtT-80/Gi $7,411,797 POP CHANGE $T4,0~2 0.t9% $7,~25,879 CP[/PERSONAL INCOME $677,240 9.12% GANN LIffiIT-81/82 $8,103,119 POP CHANGE $152,339 $8,255,458 CPI/PERSONAL INCOME $56~,546 GANN LIMIT-82/83 $8,816,00~ POP CHANGE $13,224 0.15% $8,829,228 CPI/PERSONAL INCOME $207,487 2.35% GANN LIMIT-~3/84 $9,036,715 POP CHANGE $9,037 O.lO% $9,045,751 CPI/PERSONAL INCOME $428,769 4.741 GANN LIMIT-B4/85 Sg,474,520 POP CHANGE ($69,164) $g,405,356 CPI/PERSONAL INCOME $351,760 3.74% GANN LIMIT-85/S6 $g,?5?,llE POP CHANGE $35,611 0.t6% CPI/PERSONAL INCOME $224,7?3 8ANN LIMIT-86/87 $9~997~500 POP CHANGE $61,985 0.62~ $t0,059,485 CPI/PERSONAL INCOME $305,808 3.04~ GANN LIHIT-G?/88 $10,365,29~