2013-022 - Establish FY 2013/14 Appropriations LimitRESOLUTION 2013 -022
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE FY 2013/14 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 2013/14 is $33,279,977 as reflected in Exhibit A.
PASSED AND ADOPTED at a regular meeting of the Town Council of the
Town of Los Gatos held on the 6th day of May, 2013 by the following vote:
COUNCIL MEMBERS:
AYES: Marcia Jensen, Steven Leonardis, Diane McNutt, Joe Pirzynski, and Mayor Barbara Spector
NAYS:
ABSENT:
ABSTAIN:
ATTEST:
E OF THE TOWN OF LOS GATOS
OS TOS, CALIFORNIA
3ATOS
APPROPRIATION LIMIT FACTORS
For
Beginning
County
Town
Per
Ending
YE
Appropriation
Population
Population
Capita
Appropriation
June 30
Limit
Factor
Factor
Income
Limit
2005
21,397,082
1.0072
1.0004
1.0328
22,258,018
2006
22,258,018
r 1.0112
1.0026
1 1.0526
23,691,192
2007
23,691,192
r 1.0118
1.0044
1.0396
24,919,990
2008
24,919,990
1.0152
1.0100
1.0442
26,416,980
2009
26,416,980
1.0172
1.0318
1.0429
r 28,426 ,367
2010
28,426,367
1.0156
1.0108
1.0062
29,048,811
2011
29,048,811
1.0126
1.0101
0.9746
28,667,689
2012
28,667,689
1.0089
1.0096
1.0251
29,669,366
2013
29,669,366
1.0124
1.0081
1.0377
31,169,671
2014
31,169,671
1.0157
1.0147
1.0512
33,279,977
FY 2013/14 Calculation
% Increase in
Change in
2012/13
2013/14
County
Per Capita
Appropriation
Appropriation
Appropriation
Population
Income
Factor
Limit
Limit
1.0157 X
1.0512
= 1.06770384
X $ 31,169,671 =
$ 33,279,977
Percentage of Appropriation
2013/14 2013/14 Percentage
Tax Appropriation of
Revenues Limit Limit
20,917,770 / $ 33,279,977 = 63%
2
Limit
Increase
4.02%
6.44%
5.19%
6.01%
7.61%
2.19%
- 1.31%
3.49%
5.06%
6.77%
EXHIBIT A