R-7241
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Attachment C
FD:CMD:gp:gann8586
Council Meeting: June 24, 1986 Santa Monica, California
Resolution No. 7241(CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SANTA MONICA APPROPRIATING FISCAL YEAR
1985-86 FUNDS TO GANN RESERVE ACCOUNTS
WHEREAS, under the provisions of Article XIIIB of the
state Constitution, a city is authorized to appropriate to a Gann
reserve account 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 reserve
accounts is in the public interest because establishment of Gann
reserve 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 1985-86 General Fund and
Recreation and Parks Facilities Fund appropriations and revenue
estimates, exclusive of Federal or State grant appropriations and
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revenue estimates, shall be adjusted to actuals as determined by
the Ci ty' s annual financial audi t as set forth in the city IS
Fiscal Year 1985-86 Comprehensive Annual Financial Report, and
the difference between the lesser of $13,251,127 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 1985-86 Comprehensive Annual Financial Report for
these Funds
and
the
City's
Fiscal
Year
1985-86
Gann
Appropriations Limit, to the extent funds are available, is
hereby appropriated to reserve 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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ROBERT M. MYERS U
city Attorney
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Adopted and approved this 24th day of June, 1986.
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I hereby certlfy that the foregoing Resolutlon No. 7241(CCS)
was duly adopted by the Clty Councll of the Clty of Santa Monica
at a meeting ther eof held on June 24, 1986 by the followlng
Council vote:
Ayes: Councilmembers: Conn, Epstein, Jennlngs, A. Katz,
H. Katz, and Mayor Reed
Noes: Councl1members: None
Abstaln: Councilmembers: None
Absent: Councilmernbers: Zane
ATTEST:
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Cl:ty -Clerk