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55A - RESO - APPROPRIATION LIMIT FY 08-09
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55A - RESO - APPROPRIATION LIMIT FY 08-09
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Last modified
1/3/2012 4:30:06 PM
Creation date
7/2/2008 11:27:22 AM
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City Clerk
Doc Type
Agenda Packet
Item #
55A
Date
7/7/2008
Destruction Year
2013
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EXHIBIT B <br />CALCULATION OF PERMITTED GROWTH RATE IN <br />APPROPRIATIONS FOR FISCAL YEAR ENDING JUNE 30, 2009 <br />Factor 2008-09: <br />California CPI: 4.29% <br />Converted into a Factor 1.0429 <br />Population Growth: 1.02°/a <br />Converted into a Factor: 1.0102 <br />Rates of Change: 1.0442 x 1.0084 1.0535 <br />Multiplied by 2007-08 Combined Index 21.8432 <br />Combined Index 1979-80 through 2008-09 23.0118 <br />55A-3 <br />
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