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Resolution No. 5563 435 RESOLUTION NO. 5563 • A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, EX OFFICIO GOVERNING BOARD OF DIRECTORS OF THE CYPRESS RECREATION AND PARK DISTRICT, A SUBSIDIARY DISTRICT OF THE CITY OF CYPRESS ESTABLISHING THE CYPRESS RECREATION AND PARK DISTRICT'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 limit. NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Cypress, acting as the ex officio governing Board of Directors of the Cypress Recreation and Park District, hereby establishes that the amended appropriations limits for the Cypress Recreation and Park District as follows: 2002-03 Appropriation Limit $4,591,224 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, ex officio governing Board of Directors of the Cypress Recreation and Park District, at a regular meeting held on the 28th day of May, 2002. MAY F THE CITY OF CYPRESS ATTEST: • jitt 41.Mtkor Y CLERK OF TO 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 28th 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 Y CLERK OF T; CITY OF CYPRESS