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~