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Resolution No. 6784153 RESOLUTION NO. 6784 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS ESTABLISHING THE CITY'S APPROPRIATIONS LIMIT FOR THE 2020-21 FISCAL YEAR. WHEREAS, Article XIIIB of the State Constitution establishes and defines annual appropriations limits of local government; and WHEREAS, appropriations subject to such limits may not exceed such limits; and WHEREAS, documentation used in the determination of the appropriations limit for Fiscal Year 2020-21 has been available to the public in the Finance and Administrative Services Department for fifteen days as required by Government Code Section 7910; and WHEREAS, Chapter 1205 of the Govemment Code requires that each year the governing body shall, by resolution, establish its appropriations limit. NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Cypress, hereby establishes the FY 2020-21 appropriations limit as follows: FY 2020-21 Appropriations Limit $84,907,506 FY 2020-21 Population Option Used City of Cypress Growth (0.60%) FY 2020-21 Cost of Living Option Used California Per Capita Income (3.73%) PASSED AND ADOPTED by the City Council of the City of Cypress, at a regular meeting held on the 8th day of June, 2020. ATTEST: QL, MAYOR OF IYE CITY OF CYPRESS CITY CLERK OF THE CITY OF CYPRESS STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS I, ALISHA FARNELL, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said City Council held on the 8th day of June, 2020, by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Berry, Morales, Peat, Yarc and Johnson NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None CITY CLERK OF THE ITY OF CYPRESS