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55A - RESO - APPROPRIATION LIMIT FY 14-15
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55A - RESO - APPROPRIATION LIMIT FY 14-15
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Last modified
6/26/2014 3:33:29 PM
Creation date
6/26/2014 2:32:44 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55A
Date
7/1/2014
Destruction Year
2019
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EXHIBIT B <br />CALCULATION OF PERMITTED GROWTH RATE IN <br />APPROPRIATIONS FOR FISCAL YEAR ENDING JUNE 30. 2015 <br />Factor 2014 -15: <br />California Per Capita Personal Income: - 0.230% <br />Converted into a Factor 0.9977 <br />Population Growth: 0.93% <br />Converted into a Factor: 1.0093 <br />Rates of Change: 0.9977 x 1.0093 1.0070 <br />Multiplied by 2013 -14 Combined Index 26.3634 <br />Combined Index 1979 -80 through 2014 -2015 26.5479 <br />55A -4 <br />
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