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HomeMy WebLinkAbout07-165 - Resolutions RESOLUTION NO. 07-165 A 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 2007/08 WHEREAS, Article X11113 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 XI11B, and; WHEREAS, pursuant to said Article XI11B 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 2007/08, and; WHEREAS, the Finance Director of the City of Rancho Cucamonga has determined that said appropriations limit for the fiscal year 2007/08 be established in the amount of 55,306,910. NOW, THEREFORE, the City Council of the City of Rancho Cucamonga, California does hereby resolve that an appropriations limit for the fiscal year 2007/08 pursuant to Article X1116 of the Constitution of the State of California be established in the amount of $55,306,910 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. 07-165 Page 2 of 2 PASSED, APPROVED, AND ADOPTED this 25`h day of June 2007. AYES: Gutierrez, Michael, Spagnolo, Williams NOES: None ABSENT: Kurth ABSTAINED: None Diane Williams, Mayor Pro Tem ATTEST: C1 R—athlryn L. 9cott, CMC, Assistant City Clerk I, KATHRYN L. SCOTT, CMC, ASSISTANT 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 25`h day of June 2007. Executed this 26`h day of June 2007, at Rancho Cucamonga, California. Kathilyn L. Vott, CMC, Assistant City Clerk