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Res 18-041RESOLUTION NO. 18-041 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR ENDING JUNE 30, 2019 WHEREAS, the Gann Initiative or Proposition 4 hereby referred to as Article X11113 of the Constitution of the State of California, was passed by the people; WHEREAS, Article XIIIB mandated an appropriations limit on various units of government, including the City of Poway; WHEREAS, that limit has been calculated by the Finance Department of the City of Poway using current guidelines provided by the League of California Cities; and WHEREAS, the City Council of the City of Poway desires to formally adopt that appropriations limit for the City. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows: Section 1: In accordance with Article XI IIB of the Constitution of the State of California, the appropriations limit for the City of Poway for Fiscal Year 2018-19 is $906,255,719. PASSED, ADOPTED AND APPROVED by the City Council of the City of Poway, California, at a regular meeting this 19th day of June 2018. Steve Vaus, Mayor ATTEST: Nancy Weufeld, CMC, City Clerk Resolution No. 18-041 Page 2 STATE OF CALIFORNIA ) )SS COUNTY OF SAN DIEGO ) I, Nancy Neufeld, City Clerk of the City of Poway, California, do hereby certify under penalty of perjury that the foregoing Resolution No. 18-041 was duly adopted by the City Council at a meeting of said City Council held on the 19th day of June 2018, and that it was so adopted by the following vote: AYES: GROSCH, LEONARD, MULLIN, VAUS NOES: NONE ABSENT: NONE DISQUALIFIED: NONE Y�� Nancy NeWeld, CMC, City Clerk City of Poway