Resolution No. 6962 25
RESOLUTION NO. 6962
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
ESTABLISHING THE CITY'S APPROPRIATIONS LIMIT
FOR THE 2024-25 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 2024-25 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 2024-25 appropriations limit as follows:
FY 2024-25 Appropriations Limit $105,114,697
FY 2024-25 Population Option Used County of Orange Growth (0.31%)
FY 2024-25 Cost of Living Option Used California Per Capita Income (3.62%)
PASSED AND ADOPTED by the City Council of the City of Cypress, at a regular
meeting held on the 10th day of June, 2024.
// r
YOR OF T �
OYPRESS
ATTEST:
Rth nfi
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 10th day of June, 2024, by the following roll call vote:
AYES: 5 COUNCIL MEMBERS: Burke, Mallari, Marquez, Peat and Minikus
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
CITY CLERK OF THE ITY OF CYPRESS