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R-072-17 Approving and adopting the revised annual GANN Limit for FY 2017-18 (9.5.17)
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R-072-17 Approving and adopting the revised annual GANN Limit for FY 2017-18 (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 />2017-2018 APPROPRIATIONS LIMITATION <br />As indicated by Schedules A and B, the percentage increase to Colton's Appropriation Limit is <br />1.0489% The 2017-2018 limit is $76,132,462. The amount subject to limitation in the 2017-2018 <br />Adopted Budget is $18,205,240. The City of Colton is $57,927,222 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) 1.0369 <br />b. County Population % increase 1.0116 <br />Total Adjustment % (a * b) 1.0489 <br />C. Annual Adjustment (A * B) <br />D. Other Adjustments <br />E. 2017/2018 Appropriation Limit <br />Appropriations Subject to Limitation: <br />2017-2018 Year Limit <br />Proceeds from Taxes - Appropriations Subject to Limitation <br />Total Under the Limitation <br />72, 581,206 <br />76,132,462 <br />76,132,462 <br />76,132,462 <br />(18,205,240) <br />57, 927,222 <br />
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