R-9865
F: \Finance\Budget\Obbudrev\0304\Final Changes\GANN-Attachment C.doc
Council Meeting: June 17, 2003 Santa Monica, California
RESOLUTION NO. 9865 eCCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
MONICA APPROPRIATING FISCAL YEAR 2002-03 FUNDS TO
GANN'ED RESERVE AND/OR DESIGNATED BALANCE SHEET
ACCOUNTS
WHEREAS, under the provisions of Article XIIIB of the California Constitution, a
city is authorized to appropriate to a Gann'ed reserve and/or designated balance sheet
accounts the difference between actual spending subject to the Gann Appropriations
Limit and the City's Gann Appropriations Limit for that fiscal year; and
WHEREAS, appropriating available funds to Gann'ed reserve and/or designated
balance sheet accounts is in the public interest because establishment of Gann'ed
reserve and/or designated balance sheet accounts increases the ability of the City
Council to respond to the service needs of the citizens of the City of Santa Monica.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
SECTION 1. All Fiscal Year 2002-03 General Fund, Parks and Recreation Fund,
and TORCA Fund appropriations, exclusive of Federal or State grant appropriations,
shall be adjusted to actuals as determined by the City's annual financial audit as set
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forth in the City's Fiscal Year 2002-03 Comprehensive Annual Financial Report, and the
difference between the lesser of $250,594,930 or actual expenditures and
encumbrances subject to limitation as determined by the City's annual financial audit as
set forth in the City's Fiscal Year 2002-03 Comprehensive Annual Financial Report for
these Funds and the City's Fiscal Year 2002-03 Gann Appropriations Limit, to the
extend funds are available, is hereby appropriated to reseNe and/or designated balance
sheet accounts in these respective Funds.
SECTION 2. The City Clerk shall certify to the adoption of this Resolution, and
thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM:
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Adopted and approved this 17th day of June, 2003.
RE:::::::YOr
I, Maria M. Stewart, City Clerk of the City of Santa Monica, do hereby
certify that the foregoing Resolution No. 9865 (CCS) was duly adopted at a
meeting of the Santa Monica City Council held on the 17th day of June, 2003, by
the following vote:
Ayes: Council members: Feinstein, Katz, Holbrook, O'Connor, Genser,
Pro Tern McKeown, Mayor Bloom
Noes: Council members: None
Abstain: Council members: None
Absent: Council members: None
ATTEST: