2017-2018 Appropriations Computation

"Exhibit A"

 

CITY OF CANYON LAKE

2017-2018 APPROPRIATIONS COMPUTATION

 

2016-2017 Appropriations Limit - $5,369,075

 

Multiply by Cumulative Growth Factor (See below from “C”)

 

2017-2018 Appropriations Limit - $5,614,442

 

(a)*Inflation Change = 3.69 % - 1.0369 ratio

(b)**Population Change for City = 0.85% - 1.0085 ratio

(c)Cumulative Growth Factor

    Calculation: 1.0369 X 1.0085 - 1.0457 ratio

 

* California per capita personal income selected

** City percentage change