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6.A. - Page 5 of 10 <br />ATTACHMENT 1 <br />1. This Council does hereby select to use the change in population within the <br />Redwood City as the "change in population" for purposes of in calculating its annual <br />appropriations limit. <br />2. This Council does hereby select to use the percentage change in per capital <br />personal income as the "change in the cost of living" for purposes of calculating its annual <br />appropriations limit. <br />3. This Council does hereby establish as the appropriations limit for Fiscal <br />Year 2020-21, the amount of $775,011,639 calculated in accordance with the provisions <br />of Division 9 (commencing with Section 7900) of the California Government Code. <br />Proposition 4Appropriation Limitations <br />Fiscal Year 2020-21 <br />Calculation for FY 2020-21 <br />Appropriations Limit FY 2019-20 $741,875,879 <br />Percentage change in Per Capita Personal Income <br />3.73% <br />over prior year <br />Percentage increase in City population growth 0.71% <br />1.0373 x 1.0071= 1.04466483 <br />Appropriations Limit FY 2020-21 $775,011,639 <br />4. This resolution shall be effective immediately upon its adoption. <br />Page 2 of 2 <br />ATTY/RESO.0034/CC RESO APPROPRIATION LIMIT RESOLUTIONS FY 20-21 <br />REV: 05-21-2020 MI <br />14 <br />