CC Resolution No. 8430
RESOLUTION NO. 8430
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
ESTABLISHING AN APPROPRIATION LIMIT FOR FISCAL YEAR 1991-l992
WHEREAS, the state of California has adopted legislation requiring
local jurisdictions to calculate their appropriation lilIIits in complying
with Article XIII B¡
WHEREAS, said limits are detennined by a formula based upon growth in
population, (cií:y or county) and inflation (california per capita income
or increase in non-residential assessed valuation).
WHEREAS, proposition In allows for a recalculation of the limit
starting wfth the base year 1986-87 ($l9,203,858). The following are the
factors and percentages used:
Total
1987-88 County population = .63% CPI= 3.04% 1.0368
1988-89 County population = 1.19% CPI= 3.93% 1.05l6
1989-90 City population = 2.71% CPI= 4.98% 1.0782
1990-9l City population = 2.13% Per Capita= 4.2l% 1.0642
1991-92 County population = 1.3l% Per Capita= 4.l4% 1.0550
In computing the 9l-92 limit, C.it.y Council has elected to use the county
population percentage change, and the California per capita income change
was used, but the council has a right to change to non-residential
assessed valuation percentage when the figure is available.
NOW, THEREFORE, BE IT BE RESOLVED that the City Council of Cupertino
hereby, approves a 1991-92 fiscal year appropriation lilIIit of $25,345,980.
PASSED AND ADOPTED at a regular meeting of the City Council of the
City of Cupertino this lst day of July, 1991 by the following vote:
VOTE
MEMBERS OF THE CITY COUNCIL
AYES:
NOES:
ABSENT:
ABSTAIN:
Goldman, Rogers" Sorensen, Szabo, Koppel
None
None
None
ATTEST:
APPROVED:
/s/ Dorothv Cornelius
City Clerk
/s/ Barb KODœl
Mayor, City of Cupertino