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55A - RESO FOR FY 2020-21
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55A - RESO FOR FY 2020-21
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Last modified
6/11/2020 3:12:49 PM
Creation date
6/12/2020 2:55:48 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55A
Date
6/16/2020
Destruction Year
2025
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EXHIBIT 7 <br />EXHIBIT 1 <br />COMPUTATION OF APPROPRIATION LIMIT <br />FOR FISCAL YEAR ENDING JUNE 30, 2021 <br />Fiscal Year 2019-20 Appropriations Limit <br />California Per Capita Personal Income: <br />Converted into a Factor <br />Population Growth: <br />Converted into a Factor: <br />Calculation of factor for fiscal year 2020-21 (1.0373 x 1.0004): <br />$ 1,132,077,815 <br />3.730% * <br />1.0373 <br />0.04% * <br />1.0004 <br />1.0377 <br />Fiscal Year 2020-21 Appropriations Limit $ 1,174,757,149 <br />* Source: State of California, Department of Finance, Price and Population Information - FY 2020-21 <br />55A-3 <br />
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