Resolution No. 6931 401
RESOLUTION NO. 6931
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
ESTABLISHING THE CITY'S APPROPRIATIONS LIMIT
FOR THE 2023-24 FISCAL YEAR
WHEREAS, Article XIIIB of the California 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 2023-24 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, Government Code Section 7910 also 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 2023-24 appropriations limit as follows:
FY 2023-24 Appropriations Limit $101,128,979
FY 2023-24 Population Option Used City of Cypress Growth (-0.12%)
FY 2023-24 Cost of Living Option Used Change in Assessed Valuation due to the
addition of local non-residential new
construction (6.00%)
PASSED AND ADOPTED by the City Council of the City of Cypress, at a regular
meeting held on the 12th day of June, 2023.
74t
MAYOR OF THE Y OF CYPRESS
ATTEST:
CITY ERK 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 12th day of June, 2023, by the following roll call vote:
AYES: 4 COUNCIL MEMBERS: Burke, Peat, Minikus and Hertz-Mallari
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 1 COUNCIL MEMBERS: Marquez
CITY CLERK OF T E CITY OF CYPRESS