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55B - RESO - APPROPRIATION LIMIT FY 2009-10
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55B - RESO - APPROPRIATION LIMIT FY 2009-10
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Last modified
1/3/2012 4:18:18 PM
Creation date
7/2/2009 10:01:12 AM
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City Clerk
Doc Type
Agenda Packet
Item #
55B
Date
7/6/2009
Destruction Year
2014
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EXHIBIT B <br />CALCULATION OF PERMITTED GROWTH RATE IN <br />APPROPRIATIONS FOR FISCAL YEAR ENDING JUNE 30, 2010 <br />Factor 2009-10: <br />California CPI: 0.62% <br />Converted into a Factor 1.0062 <br />Population Growth: 1.02% <br />Converted into a Factor: 1.0102 <br />Rates of Change: 1.0062 x 1.0102 1.0165 <br />Multiplied by 2008-09 Combined Index 23.0118 <br />Combined Index 1979-80 through 2009-2010 23.3915 <br />55B-3 <br />
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