2000-068-Establishing The 2000-01 Fiscal Year Appropriation Limit For The Town Of Los GatosRESOLUTION 2000 - 68
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE 2000-01 FISCAL YEAR APPROPRIATION LIMIT
FOR'THE TOWN OF LOS GATOS
WHEREAS, the Town of Los Gatos has established its Base Year appropriation limit
as $5,849,1.20 (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, T73 (Fourteen Million, Seven
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
1'99D, as .audited, reflect the appropriate statistics :relevant to the calculation of the 2000-01 Fiscal
Year Appropriation Limit; County population adjustments for 2000-01„plus 1.0163 (One point zero
one six three percent),
Town population adjustments for 2000-01, plus .1:0095 {One point zero zero nine five
percent),
Per Capita Personal Income change for 2000-O1, plus 1.0491 (One point zero four nine one
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 2000-O1.Fiscal Year Appropriation Limit for the Town of Los Gatos as
calculated by the Town's auditors, Maze & Associates:. $18,973,081 (Eighteen Million, Nine
Hundred Seventy-Three Thousand, Eighty One Dollars).
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town
of Los Gatos, California, held on the 19th day of June, 2000 by the following. vote:
COUNCIL MEMBERS:
AYES: Jan Hutchins, Joe Pirzynslci, Mayor Steven Blanton.
NAYS: None
ABSENT: Randy Attaway, Linda Lubeck.
ABSTAIN: None
SIGNED:
AYOR E TO OS ATOS
LOS GATOS, CALIFO IA
ATTEST:
e,z~ ~
'`~ G~
CLERK OF ~TI=1E 1~OWN OF LOS GATOS
LOS GATOS, `CALIF'ORNIA