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Resolution No. 6839363 RESOLUTION NO. 6839 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS ESTABLISHING THE CITY'S APPROPRIATIONS LIMIT FOR THE 2021-22 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 2021-22 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 2021-22 appropriations limit as follows: FY 2021-22 Appropriations Limit $89,018,615 FY 2021-22 Population Option Used County of Orange Growth (-0.84%) FY 2021-22 Cost of Living Option Used California Per Capita Income (5.73%) PASSED AND ADOPTED by the City Council of the City of Cypress, at a regular meeting held on the 14th day of June, 2021. MA OF H CITY OF CYPRESS ATTEST: Th CITY CLERK OF THE CI Y 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 14th day of June, 2021, by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Hertz, Marquez, Morales, Berry and Peat NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None CITY CLERK OF THECITY OF CYPRESS