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HomeMy WebLinkAbout03-169 - Resolutions RESOLUTION NO. 03-169 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, ESTABLISHING AN APPROPRIATIONS LIMIT PURSUANT TO ARTICLE XIII-B OF THE CALIFORNIA STATE CONSTITUTION FOR FISCAL YEAR 2003/04 WHEREAS, Article XIII-13 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 XIII-B 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 2003/04, and; WHEREAS, the Finance Officer of the City of Rancho Cucamonga has determined that said appropriations limit for the fiscal year 2003/04 be established in the amount of$40,402,162. NOW, THEREFORE, the City Council of the .City of Rancho. Cucamonga, California does hereby resolve that an appropriations limit fo4r the fiscal year 2003/04 pursuant to Article XIII-13 of the Constitution of the State of California be established in the amount of $40,402,162 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. Please see the following page for formal adoption,certification and signatures Resolution No. 03-169 Page 2 of 2 PASSED, APPROVED, AND ADOPTED this 16'h day of June 2003. AYES: Alexander, Gutierrez, Howdyshell, Kurth, Williams NOES: None ABSENT: None ABSTAINED: None William J. lexander, Mayor ATTEST: Debra J. Adam MC, City Clerk I, DEBRA J. ADAMS, 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 16`h day of June 2003. Executed this 17'h day of June 2003, at Rancho Cucamonga, California. Debra J. Adam , MC, City Clerk