2004-068- Establishing The 2004/05 Fiscal Year Appropriation Limit For The Town Of Los Gatos.RESOLUTION 2004 - 68
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
.ESTABLISHING THE. 2004/05 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.,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 1:990, as audited, reflect the appropriate .statistics relevant to
the calculation of the 2004/05 Fiscal Year Appropriation Limit:
• County population adjustments for 2004/05,. plus 1..0072 (One point zero, zero, seven,
two percent)
• Town population :adjustments for 2004/05, plus 1.0004 {One point .zero, zero, zero,
four percent)
~ ~
• Per Capita Personal Income change for 2004/05., plus 1:0328 (One point three, two,
eight 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 2004/05 Fiscal Year Appropriation Limit for the Town of
Los Gatos as: $22,;258,018 (Twenty Two Million, Two Hundred Fifty Eight Thousand,
Eighteen Dollars).
PASSED AND ADOPTED at a regular meeting of the Town Council of the
Town of Los Gatos, California, held on the 7th day of June,, 2004 by the following vote:
COTJNCIL, MEMBERS:
AYES: Sandy Decker, Diane McNutt, Joe Pirzynski,
Mike Wasserman, and Mayor Steve Gleickman
NAYS: None
ABSENT: None
ABSTAIN: None
M
SIGNED:
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
CLERK. flF THE TOWN OF L S GATO
LOS GATOS, CALIFORNIA