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55A - RESO - ESTABLISH APPROPRIATION LIMITS
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07/18/2011
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55A - RESO - ESTABLISH APPROPRIATION LIMITS
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Last modified
1/3/2012 3:42:50 PM
Creation date
7/14/2011 4:07:37 PM
Metadata
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55A
Date
7/18/2011
Destruction Year
2016
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EXHIBIT B <br />CALCULATION OF PERMITTED GROWTH RATE IN <br />APPROPRIATIONS FOR FISCAL YEAR ENDING JUNE 30, 2012 <br />Factor 2010-11: <br />California CPI: 2.51% <br />Converted into a Factor 1.0251 <br />Population Growth: 0.70% <br />Converted into a Factor: 1.0070 <br />Rates of Change: 1.0251x 1.0070 1.0323 <br />Multiplied by 2010-11 Combined Index 23.0266 <br />Combined Index 1979-80 through 2011-2012 23.7704 <br />55A-5
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