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55F - RESO - ESTABLISH APPROPRIATION LIMIT
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06/18/2012
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55F - RESO - ESTABLISH APPROPRIATION LIMIT
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Last modified
6/14/2012 2:51:48 PM
Creation date
6/14/2012 2:51:47 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55F
Date
6/18/2012
Destruction Year
2017
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EXHIBIT B <br />CALCULATION OF PERMITTED GROWTH RATE IN <br />APPROPRIATIONS FOR FISCAL YEAR ENDING JUNE 30, 2013 <br />Factor 2011-12: <br />California CPI: 3.77% <br />Converted into a Factor 1.0377 <br />Population Growth: 0.89% <br />Converted into a Factor: 1.0089 <br />Rates of Change: 1.0377x 1.0089 1.0469 <br />Multiplied by 2011-12 Combined Index 23.7704 <br />Combined Index 1979-80 through 2012-2013 24.8852 <br />55F-5
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