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55A - RESO - ESTABLISH APPROPRIATION LIMIT
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55A - RESO - ESTABLISH APPROPRIATION LIMIT
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Last modified
7/11/2013 1:53:45 PM
Creation date
7/11/2013 12:25:25 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55A
Date
7/15/2013
Destruction Year
2018
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EXHIBIT B <br />CALCULATION OF PERMITTED GROWTH RATE IN <br />APPROPRIATIONS FOR FISCAL YEAR ENDING JUNE 30, 2014 <br />Factor 2012-13: <br />California CPI: 5.12% <br />Converted into a Factor 1.0512 <br />Population Growth: 0.78% <br />Converted into a Factor: 1.0078 <br />Rates of Change: 1.0512 x 1.0078 1.0594 <br />Multiplied by 2012-13 Combined Index 24.8852 <br />Combined Index 1979-80 through 2013-2014 26.3634 <br />55A-5
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