2019-045 - Adopt a revised resolution to establish the FY 2019-20 Appropriations Limit and Rescind Reso 2019-031RESOLUTION 2019-045
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
RESCINDING RESOLUTION 2019-031 AND ADOPTING A REVISED RESOLUTION
ESTABLISHING THE FY 2019/20 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.
WHEREAS, the Council approved Resolution 2019-031 establishing the Fiscal Year
2019/20 Appropriations Limit; and
WHEREAS, the Resolution 2019-031 contained a numerical error.
THEREFORE, BE IT RESOLVED: that the Resolution 2019-031 is hereby rescinded and the
Annual Appropriations Limit for the Town of Los Gatos for FY 2019/20 is $43,050,108 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 20th day of August 2019 by the following vote:
COUNCIL MEMBERS:
AYES: Marcia Jensen, Rob Rennie, Marico Sayoc, Barbara Spector, Mayor Steven Leonardis
NAYS: None
ABSENT: None
ABSTAIN: None
/ GNE
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNI
DATE: U
ATTEST: � � Rs?o
TOWN CLERK OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
DATE: l
1 of
Resolution 2019 -045 August 20, 2019
For
YE
June 30
Beginning
Appropriation
Limit
2009
26,416,980
2010
28,426,367
2011
29,048,811
2012
28,667,689
2013
29,669,366
2014
31,169,671
2015
33,279,977
2016
33,701,485
2017
35,384,256
2018
37,754,174
2019
39,464,396
2020
41,317,775
County
Town
Per Capita
Ending
%
Population
Population
Income
Appropriation
Limit
Factor
Factor
Factor
Limit
Increase
1.0172
1.0318
1.0429
28,426,367
7.61%
1.0156
1.0108
1.0062
29,048,811
2.19%
1.0126
1.0101
0.9746
28,667,689
-1.31%
1.0089
1.0096
1.0251
29,669,366
3.49%
1.0124
1.0081
1.0377
31,169,671
5.06%
1.0157
1.0147
1.0512
33,279,977
6.77%
1.0150
1.0102
0.9977
33,701,485
1.27%
1.0113
1.0020
1.0382
35,384,256
4.99%
1.0126
1.0070
1.0537
37,754,174
6.70%
1.0081
1.0040
1.0369
39,464,396
4.53%
1.0099
1.0050
1.0367
41,317,775
4.70%
1.0033
0.9998
1.0385
43,050,108
4.19%
FY 2019/20 Calculation
County
Per Capita
2018/19
2019/20
Population
Income
Appropriation Appropriation
Appropriation
Factor
Factor
Factor Limit
Limit
1.0033 X
1.0385
= 1.041927 X $41,317,775 =
$ 43,050,108
Percentage of Appropriation
2019/20 2019/20 Percentage
Tax Appropriation of
Revenues Limit Limit
30,447,571 / $
43, 050,108 = 71%
EXHIBIT A
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Resolution 2019 -045 August 20, 2019