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Res 87-076RESOLUTION NO. 87-0?6 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR ENDING JUNE 30, 1988 WHEREAS, the Gann Initiative or Proposition 4, hereby referred to as Article XIIIB of the Constitution of the State of California, was passed by the people; and WHEREAS, Article XIIIB mandated an appropriations limit on various units of government, including the City of Poway; and WHEREAS, that limit has been calculated by the Finance Division 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 that in accordance with Article XIIIB of the Constitution of the State of California, the appropriations limit for the City of Poway for Fiscal Year 1987-1988 is $10,625,619. PASSED, ADOPTED AND APPROVED, by the City Council of the City of Poway, California, at a regular meeting thereof this 23rd day of June, 1987. ATT EST: Marjorie K. Wahlsten, City Clerk Bruce J. Ta~rz~, a~yo~ R/Limit-Limit8/CP17 STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) RESOLUTION NO. 87-076 Page 2 I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify that the foregoing Resolution was duly adopted by the City Council at a meeting of said City Council held on the 23rd day of J~e , 1987 , and that it was so adopted by the following vote: AYES: BRANNON, EMERY, HIGGINSON, KRUSE, TARZY NOES: NONE ABSTAIN: NONE ABSENT: NONE Marjorie K'. Wahlsten, City Clerk City of Poway 5/K/Certify