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R-039-19 Adopting the Annual Gann Limit for the Fiscal Year 2019-20
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R-039-19 Adopting the Annual Gann Limit for the Fiscal Year 2019-20
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6/12/2019 10:38:09 AM
Creation date
6/12/2019 10:01:22 AM
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City Clerk
Agenda Type
City Council
CC - Doc Type
Resolution
Date
6/4/2019
Resolution No.
R-39-19
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Schedule A <br />CITY OF COLTON <br />2019-20 APPROPRIATIONS LIMITATION <br />As indicated by Schedules A and B, the percentage increase to Colton's Appropriation Limit is <br />1.0478% The 2019-2020 limit is $83,488,559. The amount subject to limitation in the 2019-20 <br />Adopted Budget is $20,880,909. The City of Colton is $62,607,650 under its lawful limitation. <br />The calculation consists of two (2) factors <br />A. Prior Year's limit 79,676,325 <br />B. Adjustment factors: <br />a. Price factor (per capita change) 1.0385 <br />b. County Population % increase 1.009 <br />Total Adjustment % (a * b) 1.0478 <br />C. Annual Adjustment (A * B) 83,488,559 <br />D. Other Adjustments - <br />E. 2019-2020 Appropriation Limit 83,488,559 <br />Appropriations Subject to Limitation: <br />2019-2020 Year Limit 83,488,559 <br />Proceeds from Taxes - Appropriations Subject to Limitation (20,880,909) <br />Total Under the Limitation 62,607,650 <br />
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