HomeMy WebLinkAbout56 - PH-3 - Attachment 2 - 6/16/2015CITY OF COSTA MESA
CALCULATION OF APPROPRIATIONS LIMIT
FOR FY 2015-2016
The City's Appropriations Limit for FY 15-16 is calculated as follows:
Step 1 Appropriations Limit for FY 14-15
Multiply the FY 14-15 Appropriations Limit by the cumulative growth
factors for changes in the California per capita personal income and the
Step 2 population change for the City of Costa Mesa.
Appropriations Limit for FY 15-16
*CALCULATION OF CUMULATIVE GROWTH FACTORS:
Personal Income Factor
Orange County Population Change
Costa Mesa Population Change
(1.0382 x 1.0108) _ *
Per capita converted to ratio (3.82+100/100)
Orange County Population converted to ratio (1.08+100/100)
Costa Mesa Population converted to ratio (1.48+100/100)
ATTACHMENT 2
191,787,464
1.0494 *
$ 201,264,174
1.0382
1.0108
1.0148
1.0494
1.0382
1.0108
1.0148