Resolution No. FD 2024-XXX – Page 1 of 1
ATTACHMENT 2
RESOLUTION NO. 2024-XXX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, ESTABLISHING AN APPROPRIATIONS
LIMIT PURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA STATE CONSTITUTION FOR FISCAL YEAR 2024/25
WHEREAS, Article XIIIB of the Constitution of the State of California provides that the total annual appropriations subject to limitation of the State and of each local government shall not exceed the appropriations limit of such entity of government for the prior year adjusted for changes in the cost of living and population except as otherwise provided in said Article XIIIB; and WHEREAS, pursuant to said Article XIIIB of the Constitution of the State of California, the City Council of the City of Rancho Cucamonga deems it to be in the best interests of the City of Rancho Cucamonga to establish an appropriations limit for Fiscal Year 2024/25; and WHEREAS, the Finance Director of the City of Rancho Cucamonga has determined that the said appropriations limit for Fiscal Year 2024/25 be established in the amount of $142,508,871.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Rancho Cucamonga, California does hereby resolve that an appropriations limit for Fiscal Year 2024/25 pursuant to Article XIIIB of the Constitution of the State of California be established in the amount of $142,508,871 and the same is hereby established.
BE IT FURTHER RESOLVED that said appropriations limit herein established may be changed as deemed necessary by resolution of the City Council.
PASSED, APPROVED, AND ADOPTED this 27th day of June 2024.