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Resolution No. 6086 159 RESOLUTION NO. 6086 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, ESTABLISHING THE CITY'S APPROPRIATIONS LIMIT FOR THE 2008-09 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 2008-09 appropriations limit as follows: FY 2008-09 Appropriation Limit $55,641,300 FY 2008-09 Population Option Used Orange County Growth (1.02%) FY 2008-09 Inflation Option Used California Per Capita Income (4.29%) PASSED AND ADOPTED by the City Council of the City of Cypress, at a regular meeting held on the 27th day of May, 2008. vMAYOR OF THE OF CYPRESS ATTEST: olvix CITY CLERK OF THE CITY OF CYPRESS STATE OF CAL'FORNIA ) COUNTY OF ORANGE ) SS 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 27th day of May, 2008, by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Bailey, Luebben, Mills, Narain, and Seymore NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None CITY CLERK OF THE CITY OF CYPRESS