2001-066- Establishing The 2001-02 Fiscal Year Appropriation Limit For The Town Of Los Gatos~ RESOLUTION 2001- 66 ~
RESOLUTION `OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE 2001-02 FISCAL YEAR APPROPRIATION LIMIT
FOR THE TOWN OF LOS GATOS
WHEREAS, the Town of Los Gatos has established its Base Year appropriationlmit
as .$5,849,120 (Five Million, Eight Hundred Forty-nine, One Hundred Twenty Dollars); and
WHEREAS, the cumulative appropriate changes to the Town's population, the
Consumer Price Index, and per capita income statewide since the 'Base Year established the revised
Proposition 111.,1996-97 fiscal Year Appropriation Limit as $14,714,173 (FourteenMillion,Seuen Hundred
Fourteen Thousand, One Hundred Seventy Three Dollars) as adjusted; and
WHEREAS, to the best of this Town's knowledge and belief, the State Department of
Finance figures provided to this Town in response to Proposition 111 passed by the voters in June 1990, as
audited, reflect the appropriate statistics relevant to the calculation of the 2001-02 Fiscal Year Appropriation
Limit; County population adjustments for 2001-02, plus 1..0147 (One point zero -one four seven percent),
Town population adjustments for 2001-02, plus 1.0107 (One point zero one zero seven percent),
:Per Capita Personal Income change for 2001-02, plus 1.0782 (One point zero seven eight two percent).
THEREFORE, BE IT RESOLVED, 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
2001-02 Fiscal Year Appropriation Limit for the Town of Los Gatos as .calculated by the Town's auditors,
Maze & Associates; $20,757,491 (Twenty Million, Seven Hundred Fifty-.:Seven Thousand, Four Hundred
Ninety-One Dollars).
:PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos, California, held on the 18th day of June, .2001 by the following vote:
COUNCIL MEMBERS:
AYES: Randy Attaway, Sandy Decker, Steve Glickman,
Mayor Joe Przynski.
NAYS: None
ABSENT: Steven Blanton
ABSTAIN: None
.SIGNED:
AYOR OFT E TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
~. Ge2e`
CLERK OF °I'HE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA