2002-105-Establishing The 2002/03 Fiscal Year Appropriation Limit For The Town Of Los GatosRESOLUTION 2002 -105
.RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE 2002/03 FISCAL YEAR APPROPRIATION LIMIT
FOR'THE TOWN OF LOS GATOS
WHEREAS, the Town of Los Gatos has .established its Base Year appropriation imit 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 (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
1990., as audited, reflect the appropriate statistics relevant to the calculation of the .2002/03 Fiscal
Year Appropriation Limit:
• County population adjustments for .2002/03, plus 1.01.25 (One point zero one two five
percent)
• Town population adjustments for 2002/03, plus 1.0051 (One point zero zero five one
percent)
• Per Capita Personal Income :change for 2002/03, plus .9873 (Point nine eight seven three
percent).
THEREFORE, BE IT RESOLVED, based on the foregoing figures and the provisions of
ArtieleXIIIB of the Constitution of the State of California, the following figure accurately represents
the 2002/03 Fiscal Year Appropriation Limit for the Town of Los Gatos as calculated by the Town's
auditors, Maze & Associates: $20,750,044 (Twenty Million, Seven Hundred Fifty Thousand, Forty
Four Dollars).
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los
Gatos, California, held on the lst day of July, 2002 by the following vote:
COUNCIL MEMBERS:
AYES: Steven Blanton, Sandy Decker, Steve Glickman, Joe Pirzynski,
.Mayor Randy Attaway,
NAYS: None
ABSENT: None
ABSTAIN: None
SIGNED:
MAYOR OF E TOWN OF S GATOS
LOS GATOS, CALIFORNI
ATTEST:
CLERK OF THE TOWN OF LOS G OS
LOS GATOS, CALIFORNIA