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HomeMy WebLinkAbout11-080 - Resolutions RESOLUTION NO. 11-080 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA ESTABLISHING AN AMENDED APPROPRIATIONS LIMIT PURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA STATE CONSTITUTION FOR FISCAL YEAR 2010/11 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 2010/11, and; WHEREAS, the Finance Director of the City of Rancho Cucamonga has determined that said amended appropriations limit for the fiscal year 2010/11 be established in the amount of $58,595,794. NOW, THEREFORE, the City Council of the City of Rancho Cucamonga, California does hereby resolve that an appropriations limit for the fiscal year 2010/11 pursuant to Article XIIIB of the Constitution of the State of California be established in the amount of $58,595,794 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 PASSED, APPROVED, AND ADOPTED this 9`h day of June 2011. AYES: Alexander, Buquet, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None slyD ennis Michael, Mayor ATTEST: nice C. Reynolds, Ci y 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 9`h day of June 2011. Executed this 10`h day of June 2011, at Rancho Cucamonga, California. a�ff6 La-ti ice C. Reynolds, City Clerk Resolution No. 11-080 - Page 2 of 2