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Res 14-031RESOLUTION NO. 14 -031 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR ENDING JUNE 30, 2015 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 2014 -2015 is $730,675,549. PASSED, ADOPTED AND APPROVED, by the City Council of the City of Poway, California, at a regular meeting this 17th day of June 2014. ATTEST: Sheila . Cobian, CMC, City Clerk Resolution No. 14 -031 Page 2 STATE OF CALIFORNIA ) ) ss. COUNTY OF SAN DIEGO) I, Sheila R. Cobian, City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No. 14 -031 was duly adopted by the City Council at a meeting of said City Council held on the 17th day of June 2014, and that it was so adopted by the following vote: AYES: VAUS, MULLIN, GROSCH, HIGGINSON NOES: NONE ABSENT: CUNNINGHAM DISQUALIFIED: NONE a Q�_Qa - NY-6:'_ Sheila R. Cobian, CIVIC, City Clerk City of Poway