HomeMy WebLinkAboutAgenda Report - May 19, 1982 (53)MEMORANDUM
TO* Henry A. Glaves, Jr., City Manager
FROM- Robert H. Holm, Assistant Finance Director
DATE- May 17, 1982
SUBJECT- 1982-83 Appropriation Spending Limit
Article XIIIB of the California State Constitution specifies
that appropriations made by governmental entries may increase
annually by the change in population and the change in the U. S.
Consumer Price Index or California per capita personal income,
whichever is less.
The California Department of Finance is responsible for furnishing
local jurisdictions the necessary data to establish appropriation
limits. The State has given us the C.P.I. as 6.79 and Lodi's
population increase as 3.85. The ratio of change is 1.0679(C.P.I.)
x 1.0385(pipulation) - 1.1090(change factor). The change factor
of 1.1090 applied to the 1981-82.appropriation limit of $9,468,9850
then sets Lodi's 1982-83 Appropriation Limit at $10,501,104.
RHH
attachment
RAFT
RESOLUTION NO.
RESOLUTION ADOPTING AN APPROPRIATIONS SPENDING
LIMIT FOR 1982-83 IN COMPLIANCE WITH PROPOSITION
4 ARTICALE XIIIB THE CONSTITUTION
RESOLVES, that the City Council of the City of Lodi
does hereby adopt the following Appropriation Spending Limit
for 1982-83 in compliance with Proposition 4, now Articale
XIIIB of the State Constitution.
Total Appropriation for 1981-82
year as adopted by the City of
Lodi $9.4688 S.
Increased by
Allowable Accumulated Growth and
Consumer Price Index to
1982-83 of 10.90%
Therefore the Spending Limit for
1982-83 $10,501,104.
Dated: May 19, 1982
I hereby certify that Resolution No. was passed
and adopted by the City Council of the City of Lodi
In a regular meeting held by the following
vote:
Ayes:
Members
- City
Council
Noes:
Members
- City
Council
Absent:
Members
- City
Council
ALICE H. REIMCHE
City Clerk