Laserfiche WebLink
CITY OF SAN LEANDRO <br />Appropriation Limitation Calculation <br />1996-97 Budget <br />Executive SummarX <br />An annual calculation of the City's appropriation limitation is required by Article XIIIB of the <br />California Constitution. City expenditures may increase only in relation to changes in per <br />capita income or growth in non-residential assessment valuation, whichever is greater, and the <br />population change for the City or County, whichever is greater. <br />The City's 1996-97 proposed budget appropriations that are subject to limitation are $40.0 <br />million or 37% under the limitation as shown below: <br />I. Determination of Appropriation Limit: <br />1995-96 Appropriation Subject to Limitation <br />1996-97 Cumulative Changes Due to Growth Rate <br />Factors (10.35%) <br />1996-97 Appropriation Limit <br />II. Determination of Appropriations Subject to Limitation: <br />1996-97 Revenue Sources for Appropriations <br />Deductions for Exempt Revenues and Debt Service <br />1996-97 Appropriations Subject to Limitation <br />III. Amount Under Appropriation Limit (I -II) <br />$ 57,589,114 <br />5,960,513 <br />$ 63,549,627 <br />$ 69,635,526 <br />(29,640,179) <br />$ 39,995,347 <br />$ 23,554,280 ( 37%) <br />