2014-039 - Establish FY 2014-15 GANN Appropriations LimitRESOLUTION 2014 -039
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE FY 2014/15 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 2014/15 is $33,701,485 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 2`d day of June 2014 by the following vote:
COUNCIL MEMBERS:
AYES: Marcia Jensen, Diane McNutt, Joe Pirzynski, Barbara Spector, Mayor Steven Leonardis
NAYS:
ABSENT:
ABSTAIN:
MAYOR OF THE TOWN O&k2SgATOS
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
June 30
Limit
Factor
Factor
Income
Limit
2006
22,258,018
1.0112
1.0026
1.0526
23,691,192
2007
23,691,192
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
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
2015
33,279,977
1.0150
1.0120
0.9977
33,701,485
FY2014/15 Calculation
% Increase in
Change in
2013/14
2014115
County
Per Capita
Appropriation
Appropriation
Appropriation
Population
Income
Factor
Limit
Limit
1.0150 X
0.9977
= 1.0126655
X $ 33,279,977 =
$ 33,701,485
Percentage of Appropriation
2014/15 2014/15 Percentage
Tax Appropriation of
Revenues Limit Limit
22,383,532 / $ 33,701,485 = 66%
Limit
Increase
6.44%
5.19%
6.01%
7.61%
2.19%
-1.31%
3.49%
5.06%
6.77%
1.27%
EXHIBIT A
RESOLUTION 2014 -064
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE FY 2014/15 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 2014/15 is $33,701,485 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 2d day of June 2014 by the following vote:
COUNCIL MEMBERS:
AYES:
NAYS:
ABSENT:
ABSTAIN:
SIGNED
MA"r�1 WN 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
2006
22,258,018
1.0112
1.0026
1.0526
23,691,192
6.44 ° /a
2007
23,691,192
1.0118
1.0044
1.0396
24,919,990
5.19%
2008
24,919,990
1.0152
1.0100
1.0442
26,416,980
6.01%
2009
26,416,980
1.0172
1.0318
1.0429
28,426367
7.61%
2010
28,426367
1.0156
1.0108
1.0062
29,048,811
2.190/.
2011
29,048,811
1.0126
1.0101
0.9746
28,667,689
-1.31%
2012
28,667,689
1.0089
1.0096
1.0251
29,669366
3.49%
2013
29,669366
1.0124
1.0081
1.0377
31,169,671
5.06%
2014
31,169,671
1.0157
1.0147
1.0512
33279,977
6.77%
2015
33,279977
1.0150
1.0120
0.9977
33,701,485
1.27%
FY 2014/15 Calculation
% Increase in
Change in
2013/14
2014/15
County
Per Capita
Appropriation
Appropriation
Appropriation
Population
Income
Factor
Limit
Limit
1.0150 X
0.9977
= 1.0126655
X $ 33279,977 =
$ 33,701,485
Percentage ofAoorooriation
2014/15 2014/15 Percentage
Tax Appropriation of
Revenues Limit Limit
22383,532 / $ 33,701,485 = 66%
EXHIBIT A