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Resolution No. 5856RESOLUTION NO. 5856 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, ESTABLISHING THE CITY'S APPROPRIATIONS LIMIT FOR THE 2005 -06 FISCAL YEAR. WHEREAS, Article X111B 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 2005 -06 appropriations limit as follows: FY 2005 -06 Appropriation Limit $47,849,199 FY 2005 -06 Population Option Used Orange County Growth (1.13%) FY 2005 -06 Inflation Option Used California Per Capita Income (5.26 %) PASSED AND ADOPTED by the City Council of the City of Cypress, at a regular meeting held on the 23rd day of May, 2005. 14%/14A:., MAYOR OF THE CITY OF CYPRESS ATTEST: Y CLERK OF THE CITY OF CYPRESS STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS I, JILL R. GUERTIN, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted by said City Council at a regular meeting held on the 23rd day of May, 2005, by the following roll call vote: AYES: 4 COUNCIL MEMBERS: McCoy, Seymore, Sondhi and McGill NOES: 0 COUNCIL MEMBERS: None ABSENT: 1 COUNCIL MEMBERS: Luebben Y CLERK OF THE CITY OF CYPRESS 228