r10689ATTACHMENT
City Council Meeting: 6 -12 -12 Santa Monica, California
RESOLUTION NO. 06i
(CITY COUNCIL SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA
ESTABLISHING THE GANN APPROPRIATIONS LIMIT FOR
THE FISCAL YEAR 2012 -13
WHEREAS, the City Council is required under the provisions of Government Code
Section 7910 and Article XIIIB of the California Constitution to establish its appropriations
limit by resolution; and
WHEREAS, documentation used in the determination of the appropriations limit has
been available to the public for fifteen days prior to this meeting as required by
Government Code Section 7910.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS;
SECTION 1. For purposes of Article XIIIB of the California Constitution, the City of
Santa Monica appropriations limit for the fiscal year 2012 -13 shall be $1,187,650,733
calculated as follows:
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ATTACHMENT
FY 2011 -12 GANN Limit a 990,025,488
Factors
Non - Residential assessed Valuation ° 1.1977
City Population Change C 1.0016 =
X 1.1996
FY 2012 -13 GANN Limit 1,187,650,733
a As adopted by City Council on June 28, 2011 (Resolution 10590 CCS)
° L.A. County Assessor 2011 -12 Secured Tax Rolls
° Per State Department of Finance — May 2012
SECTION 2. The City Clerk shall certify to the adoption of the Resolution, and
thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM:
Awjeml
i'
MARSFA DONE' MOUTR
City Attorney
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Adopted and approved this 12th day of June, 2012.
RN hard Bloom, Mayor
I, Maria M. Stewart, City Clerk of the City of Santa Monica, do hereby certify that
the foregoing Resolution No. 10689 (CCS) was duly adopted at a meeting of the Santa
Monica City Council held on the 12th day of June, 2012, by the following vote:
AYES: Councilmembers McKeown, O'Day, Holbrook,
Mayor Pro Tern Davis, Mayor Bloom
NOES: None
ABSENT: Councilmember Shriver, O'Connor
ATTEST:
Maria M. Stewart, Cit Clerk