2016-028 - Establish the FY 2016/17 Appropriations LimitRESOLUTION 2016 -028
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ESTABLISHING THE FY 2016/17 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 2016/17 is $37,754,174 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 7th day of June 2016 by the following vote:
COUNCIL MEMBERS:
AYES: Marcia Jensen, Steve Leonardis, Rob Rennie, Marico Sayoc, Mayor Barbara Spector
NAYS: None
ABSENT: None
ABSTAIN: None
I �
MAYOR OF HE TO GATOS
LOS GAT CALIFORNIA
ATE: i
ATTEST:
a `wcu—Q-41 `�
CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
DATE: �1DIA-0—
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Resolution 2016 -028 June 7, 2016
APPROPRIATION LIMIT FACTORS
For
Beginning
County
Town
Per
Ending
%
YE
Appropriation
Population
Population
Capita
Appropriation
Limit
June 30
Limit
Factor
Factor
Income
Limit
Increase
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
28,426,367
7.61%
2010
28,426,367
1.0156
1.0108
1.0062
29,048,811
2.19%
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
29,669,366
3.49%
2013
29,669,366
1.0124
1.0081
1.0377
31,169,671
5.06%
2014
31,169,671
1.0157
1.0147
1.0512
33,279,977
6.77%
2015
33,279,977
1.0150
1.0102
0.9977
33,701,485
1.27%
2016
33,701,485
1.0113
1.0020
1.0382
35,384,256
4.99%
2017
35 ,384,256
1.0126
1.0070
1.0537
37,754,174
6.70%
FY 2016/17 Calculation
%Increase in
Change in
2015/16
2016/17
County
Per Capita
Appropriation
Appropriation
Appropriation
Population
Income
Factor
Limit
Limit
1.0126 X
1.0537
= 1.06697662
X $ 35,384,256 =
$ 37,754,174
Percentage ofAoorooriation
2016/17 2016/17 Percentage
Tax Appropriation of
Revenues Limit Limit
25,294,026 / $ 37,754,174 = 67%
EXHIBIT A
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Resolution 2016 -028 June 7, 2016