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Res 92-111RESOLUTION NO. 92-111 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR ENDING JUNE 30, lg93 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 1992-1993 is $65,406,418. PASSED, ADOPTED AND APPROVED, by the City Counc California, at a regular meeting thereof this !3rd daj ATTEST: Marjori~K~ Wahlsten, City Clerk STATE OF'CALIFORNIA ) ) ss. COUNTY OF SAN DIEGO ) a~n Jolds~ 1 of the City of Poway, of June, 1992. [th, Mayor I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No. 92- 111 was duly adopted by the City Council at a meeting of said City Council held on the 23rd day of June, 1992, and that it was so adopted by the following vote: AYES: EMERY, HIGGINSON, MCINTYRE, SNESKO NOES: NONE ABSTAIN: ABSENT: NONE Marjori~.' Wahlsten, City Clerk City