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Res 02-062RESOLUTION NO. 02-062 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR ENDING JUNE 30, 2003 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 2002-2003 is $153,772,758. PASSED, ADOPTED AND APPROVED, by the City Council of the City of P0way, California, at a regular meeting thereof this 25th day of June 2002. ATTEST: Michael P. Mayor Lori J~ne Peoples, City CI(Irk Resolution No. 02-062 Page 2 STATE OF CALIFORNIA COUNTY OF SAN DIEGO I, Lori Anne Peoples, City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No. 02- 062 was duly adopted by the City Council at a meeting of said City Council held on the 25th day of June 2002, and that it was so adopted by the following vote: AYES: EMERY, GOLDBY, REXFORD, CAFAGNA NOES: NONE ABSTAIN: NONE ABSENT: HIGGINSON 'L-'~ri ~An~e P~oples, C'ity Cl~rk c:\data\flnance\agendas\applimitres.doc