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HomeMy WebLinkAbout15-097 - Resolutions RESOLUTION NO. 15-097 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA ESTABLISHING AN APPROPRIATIONS LIMIT PURSUANT TO ARTICLE X11113 OF THE CALIFORNIA STATE CONSTITUTION FOR FISCAL YEAR 2015/16 WHEREAS, Article XIIIB of the State of California provides that the total annual appropriations subject to limitation of the State and of each local government shall not exceed the appropriations limit of such entity of government for the prior year adjusted for changes in the cost of living and population except as otherwise provided in said Article X11113, and; WHEREAS, pursuant to said Article XIIIB of the Constitution of the State of California, the City Council of the City of Rancho Cucamonga deems it to be in the best interests of the City of Rancho Cucamonga to establish an appropriations limit for Fiscal Year 2015/16, and; WHEREAS, the Finance Director of the City of Rancho Cucamonga has determined that said appropriations limit for Fiscal Year 2015/16 be established in the amount of $72,234,448. NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Rancho Cucamonga, California does hereby resolve that an appropriations limit for Fiscal Year 2015/16 pursuant to Article XIIIB of the Constitution of the State of California be established in the amount of $72,234,448 and the same is hereby established. BE IT FURTHER RESOLVED that said appropriations limit herein established may be changed as deemed necessary by resolution of the City Council. RESOLUTION NO. 15-097 - Page 1 of 2 PASSED, APPROVED, AND ADOPTED this 18'h day of June 2015. AYES: Alexander, Kennedy, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None 1 s L.b nnis Michael, ayor ATTEST: 6)Aice C. Reynolds, CitV Clerk I, JANICE C. REYNOLDS, CITY CLERK of the City of Rancho Cucamonga, California, do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City Council of the City of Rancho Cucamonga, California, at a Special Meeting of said City Council held on the 18'h day of June 2015. Executed this 18t1 day of June 2015, at Rancho Cucamonga, California. Ja/n ce C. Reynolds, Cit Clerk RESOLUTION NO. 15-097 - Page 2 of 2