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55C - RESO APPR LIMIT 07/08
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55C - RESO APPR LIMIT 07/08
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Last modified
1/3/2012 4:39:01 PM
Creation date
6/27/2007 10:31:09 AM
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Template:
City Clerk
Doc Type
Agenda Packet
Item #
55C
Date
7/2/2007
Destruction Year
2012
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EXHIBIT B <br />CALCULATION OF PERMITTED GROWTH RATE IN <br />APPROPRIATIONS FOR FISCAL YEAR ENDING JUNE 30, 2008 <br />Factor 2007-08: <br />California CPI: 4.42% <br />Converted into a Factor 1.0442 <br />Population Growth: 0.84% <br />Converted into a Factor: 1.0084 <br />Rates of Change: 1.0442 x 1.0084 1.0530 <br />Multiplied by 2006-07 Combined Index 20.7438 <br />Combined Index 1979-80 through 2007-08 21.8432 <br />55C-3 <br />
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