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Resolution No. 6963 26 RESOLUTION NO. 6963 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, EX OFFICIO GOVERNING BOARD OF DIRECTORS OF THE CYPRESS RECREATION AND PARK DISTRICT, A SUBSIDIARY DISTRICT OF THE CITY OF CYPRESS ESTABLISHING THE CYPRESS RECREATION AND PARK DISTRICT'S APPROPRIATIONS LIMIT FOR THE 2024-25 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 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, acting as the ex officio governing Board of Directors of the Cypress Recreation and Park District, hereby establishes the FY 2024-25 appropriations limit for the Cypress Recreation and Park District as follows: FY 2024-25 Appropriations Limit $11,695,690 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, ex officio governing Board of Directors of the Cypress Recreation and Park District, at a regular meeting held on the 10th day of June, 2024. .-eire" Mi-CYOR OF T CI O CYPRESS ATTEST: )4i4, CITY G�LERK 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 \,Atlita CITY CLERK OF TH CITY OF CYPRESS