2012-032 - Establishing The Fy 2012/13 Appropriations LimitRESOLUTION 2012 -032
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE FY 2012/13 APPROPRIATIONS LIMIT
FOR THE TOWN OF LOS GATOS
WHEREAS, Article XIIIB of the California Constitution (Limitation of Government
Appropriations) was passed by the California electorate on November 6, 1979, and became
effective on July 1, 1980; and
WHEREAS, Chapter 1205, Statute of 1980, Section 7900 of the California Government
Code formally implements methods for governmental entities to establish and define annual
appropriations limits; and
WHEREAS, the growth factors used to calculate the Annual Appropriations Limit are
County or Town population change and the increase in the California per capita income.
THEREFORE, BE IT RESOLVED, that the Annual Appropriations Limit for the
Town of Los Gatos for FY 2012/13 is $31,169,671 as reflected in Exhibit A.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos, California, held on the 4th day of June 2012 by the following vote:
COUNCIL MEMBERS:
AYES: Steven Leonardis, Diane McNutt, Joe Pirzynski, Barbara Spector, and Mayor Steve Rice
NAYS:
ABSENT:
ABSTAIN:
SIGNED: C
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
APPROPRIATION LIMIT FACTORS
For
Beginning
County
Town
Per
Ending
%
YE
Appropriation
Population
Population
Capita
Appropriation
Limit
June 30
Limit
Factor
Factor
Income
Limit
Increase
2004
20,750,044
1.0079
1.0010
1.0231
.12%
2005
21,397,082
1.0072
1.0004
1.0328
.02%
2006
22,258,018
1.0112
1.0026
1.0526
.44%
2007
23,691,192
1.0118
1.0044
1.0396
.19%
2008
24,919,990
1.0152
1.0100
1.0442
[ 1.
.01%
2009
26,416,980
1.0172
1.0318
1.0429
.61%
2010
28,426,367
1.0156
1.0108
1.0062
.
29,048,811
1.0126
1.0101
0.9746
1.31%
2012
28,667,689
1.0089
1.0096
1.0251
.49%
2013
FY 2012 /13Calculation
% Increase in
Change in
2011/12
2012/13
Town
Per Capita
Appropriation Appropriation
Appropriation
Population
Income
Factor Limit
Limit
1.0124 X
1.0377 =
1.05056748 X $ 29,669,366 =
$ 31,169,671
Percentage of Appropriation
2012/13 2012/13 Percentage
Tax Appropriation of
Revenues Limit Limit
21,453,603 / $ 31,169,671 = 69%
EXHIBIT A