HomeMy WebLinkAboutCity Council Resolution 92-043
RESOLUTION NO. 9?-043
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE 1992-93 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 revised Proposition
111 1991-92 Fiscal Year Appropriation Limit as $13,093,845
(Thirteen Million I Ninety-three Thousand, Eight Hundred Forty-
five Dollars)¡ and
WHEREAS, to the best of this City's knowledge and belief, the
State Department of Finance figures provided to this City in
response to Proposition III passed by the voters in June 1990,
as audited, reflect the appropriate statistics relevant to the
calculation of the 1992-93 Fiscal Year Appropriation Limit:
Consumer Price Index change on a March-to-March basis for
the period ending March, 1992, minus. 64% (point six four
percent) i
Population adjustments for 1992, plus .28% (point two eight
percent) ,
NOW¡ THEREFORE, it is hereby resolved as follows:
Section 1: Based on the foregoing figures and the prOVls~ons of
Article XIIIB of the Constitution of the State of California, the
following figure accurately represents the 1992-93 Fiscal Year
Appropriation Limit for the City of Saratoga: $13 r 046 I 473
(Thirteen Million, Forty-six Thousand, Four Hundred Seventy-three
Dollars. )
S~ction z.: The City Clerk shall certify to the passage of this
resolution.
The above and foregoing resolution was passed and adopted at a
regular meeting of the Saratoga City Council held on the 17th day
of June, 1992, by the following vote:
AYES:
NOES:
ABSENT:
Councilmembers
None
Councilmembers
Clevenger, Stutzman and Ma;O:~hler
Anderson and Mania ~~~~ ~
(~(~ -
ATTEST:
~it~~~
APPROPRIATIONS LIMIT--6/30/92
BASE YEAR - 78/79 $5,961,747
POPULATION CHANGE ($51,867) -0.87%
$5,909,880
Cpr/PERSONAL INCOME $601,035 10.17%
GANN LIMIT-79/80 $6,510,915
POPULATION CHANGE $100,268 1.54%
$6,611,183
CPI/PERSONAL INCOME $800,614 12.11%
GANN LIMIT-80/81 $7,411,797
POPULATION CHANGE $14,082 0,19%
$7,425,879
CPI/PERSONAL INCOME $677}240 9.12%
GANN LIMIT-81/82 $8,103,119
POPULATION CHANGE $152,339 1.88%
$8,255,458
CPI/PERSONAL INCOME $560,546 6.79% .
GANN LIMIT-82/83 $8,816,004
POPULATION CHANGE $13,224 0.15%
$8,829,228
CPI/PERSONAL INCOME $207,487 2.35%
GANN LIMIT-83/84 $9,036,715
POPULATION CHANGE $9,037 0.10%
$9,045,751
CPI/PERSONAL INCOME $428,769 4.74%
GANN LIMIT-84j85 $9,474,520
POPULATION CHANGE ($69,164) -0.73%
$9,405,356
CPI/PERSONAL INCOME $351,760 3.74%
GANN LIMIT-85/86 $9,757,116
POPULATION CHANGE $15,611 0.16%
$9,772,728 PROP 111
CPI/PERSONAL INCOME $224,773 2.30%
GANN LIMIT-86/87 $9,997,500 $9,997,500
POPULATION CHANGE $61,985 0.62% $62,984
$10,059,485 $10,060,485
CPI/PERSONAL INCOME $305,808 3.04% $'" '" 09'"'
"q~ , ::;i
GANN LIMIT-87/88 $10,365,293 $10,409,583
POPULATION CHANGE $67,374 0.65% $123,874
$10,432,668 $10,533,457
CPI/PERSONAL INCOME $410,004 3.93% $490,859
GANN LIMIT-88/89 $10,842,671 $11/024,317
POPULATION CHANGE $75,899 0.70% $146,623
$10,918,570 $11,170,940
CPI/PERSONAL INCOME $543,745 4.98% $579,772
GANN LIMIT-89j90 $11,462,315 $11,750,712
POPULATION CHANGE $154,741 1. 35% $158,635
$11,617,056 $11,909,346
CPI/PERSONAL INCOME $489,078 4.21% $501,383
GANN LIMIT-90/91 $12,106,134 $12,410,730
POPULATION CHANGE ($41,161) -0.34% $162,581
$12,064,973 $12,573,310
CPI/PERSONAL INCOME $499,490 4.14% $520,535
GANN LIMIT-91/92 $12,564,463 $13,093,845
POPULATION CHANGE -_._--------- $36,663
-,-----------
---------...--- $13,130,508
------------
CPI/PERSONAL INCOME ------------ ($34,035)
------------
GAN'N LIMIT-92/93 -,----------- $13,046,473
-.- - - -...... _.- - - --
RECALCULATED UNDER PROP 111 AS PASSED BY THE VOTERS IN JUNE 1990
(I I 63!i;
3,47%
1.19%
4 r.... iI"',
.O!:J~
1,33%
5.19%
1.35:%
4.21%
1 ~,,'~,
,"-:1.1'5
4.14%
0,28%
-0.64%