R-8775
. e ATTACHMENT C
FIN:CMD:kf/srgannap
Council Meeting: June 28, 1994 Santa Monica, California
RESOLUTION NO. 8775
(City Council Series)
A RESOLUTION OF TEE CITY COUNCIL OF TEE CITY OF
SANTA MONICA APPROPRIATING FISCAL YEAR 1993-94
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:
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SECTION 1. All Fiscal Year 1993-94 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
forth in the City's Fiscal Year 1993-94 Comprehensive Annual
Financial Report, and the difference between the le~ser of
$17,557,917 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 1993-94 Comprehensive Annual
Financial Report for these Funds and the City's Fiscal Year 1993-
94 Gann Appropriations Limit, to the extent funds are available,
is hereby appropriated to reserve 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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"ULjy~~e..._'" L.uf._(u_.
MARSHA JONES MOUTRIE
C1.ty Attorney
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Adopted and approved this 28th of June, 1994
(J ~A
/" Mayor
I hereby certify that the foregomg ResolutlOn 8775 (CCS) was duly adopted at a
meeting of the City Council held on the 28th of June, 1994 by the followmg vote:
Ayes Councilmembers' Abdo, Genser, Greenberg, Holbrook, Olsen,
Rosenstein, Vazquez
Noes: CouncIlmembers: None
Abstain . Councllmembers: None
Absent: Councilmembers None
ATTEST:
/~/L)~
--- - City Clerk
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