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1996 AGN JUL 02 I05
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1996 July 2 Agenda Packet
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1996 AGN JUL 02 I05
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Schedule A <br />CITY OF COLTON <br />1996/97 APPROPRIATIONS LIMITATION <br />As indicated by Schedules A and B, the percentage increase to Colton's Appropriation Limit is 1.05740K. <br />The 1996/97 limit is $28,338,131. The amount subject to limitation in the 1996/97 Adopted Budget is <br />$7,653,342. The City of Colton is $20,684,789 under its lawful limitation. <br />Schedule A <br />The computation consists of two (2) sections: <br />A. Last Year's 1995/96 limit <br />26,799,821 <br />B. Adjustment factors: <br />a. Price factor (per capita change) 1.0467 <br />b. County population % increase 1.0102 <br />Total Adjustment % (a.b) 1.0574 <br />C. Annual Adjustment (A.B) <br />28,338,131 <br />D. Other adjustment <br />E. 1996/97 Appropriation Limit <br />28,338,131 <br />Appropriation Subject to Limitation• <br />1996/97 Year Limit <br />28,338,131 <br />Proceeds from Taxes - Appropriations Subject to Limitation <br />7.653.342 <br />Total Under the Limitation <br />20,684,789 <br />
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