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Appropriation Limit Calculation
Colton
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CITY CLERK
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2000 - 2009
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2001
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06/05/2001 6:00 PM
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CONSENT CALENDAR:
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Finance/Annual Appropriation Limit (R-43-01)
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Appropriation Limit Calculation
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Last modified
2/23/2014 6:40:46 PM
Creation date
2/19/2014 8:56:44 PM
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Agenda Item
Item Number
9
Subject (2)
Approve and Adopt a Resolution regarding the Annual Appropriation Limit Calculation, RESOLUTION NO. R-43-01
Submitted On
10/14/2003
Submitted By
Espinoza Sabdi
Item Title
Appropriation Limit Calculation
ATRequest
335
Status (2)
2
Department
City Clerk
Meeting Date
6/5/2001
Meeting Time
6:00:00 PM
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Schedule A <br />CITY OF COLTON <br />2001-02 APPROPRIATIONS LIMITATION <br />As indicated by Schedules A and B, the percentage increase to Colton's Appropriation Limit is <br />1.0922%. The 2001/02 limit is $33,387,038. The amount subject to limitation in the 2001/02 <br />Adopted Budget is $10,752,689,. The City of Colton is $25,634,349 under its lawful limitation. <br />The composition consists of two (2) sections <br />A. Last Year's 2000/01 limit 33,314,855 <br />B. Adjustment factors: <br />a. Price factor (per capita change) 1.0782 <br />b. City Population % increase 1.013 <br />Total Adjustment % (a ' b) 1.0922 <br />C. Annual Adjustment (AB) 36,387,038 <br />D. Other Adjustments - <br />E. 2001/02 Appropriation Limit 36,387,038 <br />Appropriations Subject to Limitation: <br />2001/02 Year Limit 36,387,038 <br />Proceeds from Taxes - Appropriations Subject to Limitation (10,752,689) <br />Total Under the Limitatior 25,634,349 <br />
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