Resolution No. 5561 433
RESOLUTION NO. 5561
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS,
ESTABLISHING THE CITY'S APPROPRIATIONS LIMIT FOR THE 2002-03 FISCAL
YEAR.
WHEREAS, Article X111 B 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 2002-03 appropriations limit as follows:
2002-03 Appropriation Limit $41,263,491
2002-03 Population Option Used Orange County Growth (2.06%)
2002-03 Inflation Option Used California Per Capita Income (-1.27%)
PASSED AND ADOPTED by the City Council of the City of Cypress, at a regular
meeting held on the 28th day of May, 2002.
MA O F THE CITY OF CYPRESS
ATTEST:
RUCAti"
C Y CLERK OF E CITY OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
I, JILL R. INGRAM-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 28 " day of May, 2002, by the following roll call vote:
AYES: 4 COUNCIL MEMBERS: Keenan, Piercy, McGill and McCoy
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 1 COUNCIL MEMBERS: Sondhi
ITA ± ' 0. ?A A& -.10 f f •
r� I CLERK OF TH.4 ITY OF CYPRESS