2009-055 - Establishing The Fy2009/10 Appropriations Limit For The Town Of Los GatosRESOLUTION 2009 -055
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE FY2009 /10 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 2009/10 is $29,048,811 as reflected in Exhibit A,
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos,
California, held on the 1st day of June 2009 by the following vote:
,K6181VIKLM
AYES: Diane McNutt, Joe Pirzynski, Steve Rice, Barbara Spector, and Mayor Mike Wasserman
NAYS:
ABSENT:
ABSTAIN:
I ST:
C ERK F THE TOWN OF LOS GATOS
LO I T:
CALIFORNIA
SIGNED: A � -
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
APPROPRIATION LIMIT FACTORS
For
Beginning
County
Town
Per
Ending
%.
YE
Appropriation
Population
Population
Capita
Appropriation
Limit
June 30
Limit
Factor
Factor
Income
Limit
Increase
2000
16,734,358
1.0173
1.0071
1.0453
17;795043
6.34%
2001
17,795,043
1,0163
1.0095
1.0491
1:8,973;08.1
6,62%
2002
18,973,081
1.0147
1.0107
1.0782
2:0;757;:490
9.40%
2003
20,757,490
1.0125
1;0051
0:9873
20;750;044
-0,04%
2004
20,750,044
1,0079
1,0010
1.0231
2;1,397
3.12%
2005
21,397,082
1.0072
1,0004
1,0328
22,2.58;018
4,02%
2006
22,258,018
1,0112
1.0026
1.0526.
23,691,:192'
6.44%
2007
23,691,192
1.0118
1.0044
1.0396
24,919,990
5,19%
2008
24,919,990
1.0152
1.0100
1.0442
.26,41.6,980.
6.01%
2009
26,416,980
1.0172
1,0318
1,0429
,.:28,426;367`
7.61%
2010
2%42 (),367
7;0:1
IN 2009/10 Calculation
'%o Increase in
Change in
2008/09
2009/10
County
Per Capita
Appropriation
Appropriation
Appropriation
Popul
Income
Factor
Limit
Limit
1.0156 X
1.0062
= 1.02189672 X
.$ 28,426,367
= $ 29,048,811
Percentage or Appropriation
2009/10
2009/10
Percentage
Tax
Appropriation
of
Revenues
Limit
Limit
21,027,500
/ $ 29,048,811 =
72%
EX"IBIT A