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Resolution No. 6437053 RESOLUTION NO. 6437 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, ESTABLISHING THE CITY'S APPROPRIATIONS LIMIT FOR THE 2014 -15 FISCAL YEAR. WHEREAS, Article XIIIB of the State Constitution establishes and defines annual appropriation limits of local government; and WHEREAS, appropriations subject to such limits may not exceed such limits; and WHEREAS, Chapter 1205 of the Government Code requires that each year the governing body shall, by resolution, establish its appropriations limits. NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Cypress, hereby establishes the FY 2014 -15 appropriations limit as follows: FY 2014 -15 Appropriation Limit FY 2014 -15 Population Option Used FY 2014 -15 Inflation Option Used $64,191,175 Orange County Growth (0.93 %) California Per Capita Income (- 0.23 %) PASSED AND ADOPTED by the City Council o the City of Cypress at a regular meeting held on the 9th day of June, 2014. ATTEST: 160 - L- a- » CITY CLERK OF THE CITY OF CYPRESS STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS MAY H CI OF CYPRESS I, DENISE BASHAM, 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, 2014, by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Bailey, Narain, Yarc, Johnson and Mills NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None CITY CLERK OF THE CITY OF CYPRESS