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R-070-17 Approving and adopting the revised annual GANN Limit for FY 2015-16 (9.5.17)
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R-070-17 Approving and adopting the revised annual GANN Limit for FY 2015-16 (9.5.17)
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11/11/2020 9:44:35 AM
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Schedule A <br />CITY OF COLTON <br />2015-2016 APPROPRIATIONS LIMITATION <br />As indicated by Schedules A and B, the percentage increase to Colton's Appropriation Limit is <br />1.0495%. The 2015-2016 limit is $68,247,528. The amount subject to limitation in the 2015-2016 <br />Adopted Budget is $16,462,200. The City of Colton is $51,785,328 under its lawful limitation. <br />The calculation consists of two (2) factors: <br />A Prior Year's limit <br />B Adjustment factors: <br />a. Price factor (per capita change) 1.0382 <br />b. County Population % increase 1.0109 <br />Total Adjustment % (a " b) 1.0495 <br />C. Annual Adjustment (A * B) <br />D. Other Adjustments <br />E. 2015/2016 Appropriation Limit <br />Appropriations Subject to Limitation: <br />2016-2016 Year Limit <br />Proceeds from Taxes - Appropriations Subject to Limitation <br />Total Under the Limitation <br />65,027,597 <br />68,247,528 <br />b6,14/,52t3 <br />68,247,528 <br />(16,462,200) <br />51,785,328 <br />
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