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Resolution No. 6564312 RESOLUTION NO. 6564 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS ESTABLISHING THE CITY'S APPROPRIATIONS LIMIT FOR THE 2016 -17 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, documentation used in the determination of the appropriations limit for Fiscal Year 2016 -17 has been available to the public in the Finance and Administrative Services Department for fifteen days as required by Government Code Section 7910; 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, hereby establishes the FY 2016 -17 appropriations limit as follows: FY 2016 -17 Appropriation Limit FY 2016 -17 Population Option Used FY 2016 -17 Cost of Living Option Used $71,683,126 Orange County Growth (1.01%) California Per Capita Income (5.37 %) PASSED AND ADOPTED by the City Council of the City of Cypress, at a regular meeting held on the 13th day of June, 2016. MAY OF THE CIT CYPRESS ATTEST: (pct..) -e CITY CLERK OF THE CITY OF CYPRESS STATE OF CALIFORNIA ) 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 13th day of June, 2016, by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Berry, Johnson, Peat, Morales and Yarc NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None CITY CLERK OF THE CITY OF CYPRESS