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R-054-13 Annual GANN Limit 2013-14
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R-054-13 Annual GANN Limit 2013-14
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11/11/2020 2:34:52 PM
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Schedule A <br />CITY OF COLTON <br />2013-14 APPROPRIATIONS LIMITATION <br />As indicated by Schedules A and B, the percentage increase to Colton's Appropriation Limit is <br />1.0601 %. The 2013-2014 limit is $64,673,055. The amount subject to limitation in the 2013-2014 <br />Adopted Budget is $13,911,480. The City of Colton is $50,761,575 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 cap 1.0512 <br />b. County Population % 1.0085 <br />Total Adjustment % (a * b) 1.0601 <br />C. Annual Adjustment (A * B) <br />D. Other Adjustments <br />E. 2013/2014 Appropriation Limit <br />Appropriations Subject to Limitation: <br />61, 004, 535 <br />64,673,055 <br />64,673,055 <br />2013-2014 Year Limit 64,673,055 <br />Proceeds from Taxes -Appropriations Subject to (13,911,480) <br />Total Under the Limitation 50,761,575 <br />
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