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HomeMy WebLinkAbout18-050 - Resolution RESOLUTION NO. 18-050 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA ESTABLISHING AN APPROPRIATIONS LIMIT PURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA STATE CONSTITUTION FOR FISCAL YEAR 2018/19 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 XIIIB, 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 2018/19, and; WHEREAS, the Finance Director of the City of Rancho Cucamonga has determined that said appropriations limit for Fiscal Year 2018/19 be established in the amount of 584,216,611. 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 2018/19 pursuant to Article XIIIB of the Constitution of the State of California be established in the amount of $84,216,611 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. 18-050 - Page 1 of 2 PASSED, APPROVED, AND ADOPTED this 21st day of June, 2018. ,. b . , . L. Dennis Michael, Mayor ATTEST: j rij I i.l' ( Y f?'LPiL(-(1Q J�ice C. Reynolds, Clefk STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO ) ss CITY OF RANCHO CUCAMONGA ) I, Janice C. Reynolds, City Clerk of the City of Rancho Cucamonga, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City of Rancho Cucamonga, at a Special Meeting of said Council held on the 2151day of June 2018. AYES: Alexander, Kennedy, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None Executed this 22'"' day of June, 2018, at Rancho Cucamonga, California. • cUf:/Gu&C 6 . Q�Y}2G d<2 J®r(ice C. Reynolds, Cler Resolution No. 18-050 - Page 2 of 2