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HomeMy WebLinkAbout19-052 - Resolution RESOLUTION NO. 19-052 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 2019/20 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 X11113 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 2019/20, and; WHEREAS, the Finance Director of the City of Rancho Cucamonga has determined that said appropriations limit for Fiscal Year 2019/20 be established in the amount of $87,846,347. 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 2019/20 pursuant to Article X11113 of the Constitution of the State of California be established in the amount of $87,846,347 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. 19-052 - Page 1 of 2 PASSED, APPROVED, AND ADOPTED this 27th day of June 2019. A� � 4 ,g o4q, 1 -0; L. Dennis Michael, M yor ATTEST: ice C. Reynolds, Cler 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 27th day of June 2019. AYES: Hutchison, Kennedy, Michael, Scott, Spagnolo NOES: None ABSENT: None ABSTAINED: None Executed this 28th day of June, 2019, at Rancho Cucamonga, California. ice C. Reynolds, Clerk Resolution No. 19-052 - Page 2 of 2