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Resolution No. 7019 384 RESOLUTION NO. 7019 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS ESTABLISHING THE CITY'S APPROPRIATIONS LIMIT FOR THE 2025-26 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 2025-26 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 2025-26 appropriations limit as follows: FY 2025-26 Appropriations Limit $112,074,286 FY 2025-26 Population Option Used County of Orange Growth (0.17%) FY 2025-26 Cost of Living Option Used California Per Capita Income (6.44%) PASSED AND ADOPTED by the City Council of the City of Cypress, at a regular meeting held on the 9th day of June, 2025. MAYOR OF THE CITY OF CYPRESS ATTEST: I/ CITY CLERK OF TH+t 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 9th day of June, 2025, by the following roll call vote: AYES: 4 COUNCIL MEMBERS: Chang, Peat, Medrano and Burke NOES: 0 COUNCIL MEMBERS: None ABSENT: 1 COUNCIL MEMBERS: Minikus 04cf ,_ & CITY CLERK OF THE CY OF CYPRESS