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103-Draft Resolution B.pdf
AttachmentB RESOLUTIONNO. 11- ARESOLUTIONOF THECITYCOUNCILOF THECITYOFCUPERTINO ESTABLISHINGANDADOPTING THEAPPROPRIATION LIMITFORFISCALYEAR 2011-12 WHEREAS,theState ofCalifornia hasadoptedlegislationrequiringlocaljurisdictionsto calculatetheirappropriationlimitsincomplyingwithArticleXIIIB;and WHEREAS, saidlimitsare determined byaformula based upon changein population, (city orcounty),combinedwitheitherthechangeininflation(California percapitaincome) or thechangeinthelocalassessmentroll duetolocal nonresidentialconstruction;and WHEREAS,thelocalgoverning bodyisrequiredto setanappropriationlimit by adoption ofaresolution;and WHEREAS,thecity/county population percentagechange overthe prioryearis .89%, andtheCalifornia percapita personalincomechangeis-2.51%. Incomputingthe 2011-12limit,CityCouncil haselectedto usethecity/county population percentagechangealongwiththeCalifornia percapitaincomechange, butthe Council hasarighttochange non-residentialassessed valuation percentagewhenthefigureis available. NOW, THEREFORE,BEITRESOLVEDthattheCityCouncil oftheCity ofCupertino herebyapprovesa 2011-12fiscalappropriationlimit of $72,194,298. PASSEDANDADOPTEDataregularmeeting oftheCityCouncil oftheCity of st Cupertinothis 21 day ofJune 2011, bythefollowing vote: VoteMembers oftheCityCouncil AYES: NOES: ABSENT: ABSTAIN: ATTEST:APPROVED: CityClerkMayor,City ofCupertino