R10757ATTACHMENT G
City Council Meeting: 6 -25 -13 Santa Monica, California
RESOLUTION NO. /0'7�CCS)
(CITY COUNCIL SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA
ESTABLISHING THE GANN APPROPRIATIONS LIMIT FOR
THE FISCAL YEAR 2013 -14
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 2013 -14 shall be $1,541,052,717
calculated as follows:
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ATTACHMENT G
FY 2012 -13 GANN Limit a $1 ,187,650,733
Factors
Non - Residential assessed Valuation b 1.28650
City Population Change ° 1.00860 =
Total adjustment factor (b"c) X 1.29756
FY 2013 -14 GANN Limit $1,541,052,717
a As adopted by City Council on June 12, 2012 (Resolution 10689 CCS)
b L.A. County Assessor 2012 -13 Secured Tax Rolls
° Per State Department of Finance— May 2013
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:
MA J NES M UTRIE
Cit ttor y
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Adopted and approved this 25th day of June, 2013.
Pam O'Connor, Mayor
I, Sarah P. Gorman, City Clerk of the City of Santa Monica, do hereby certify that
the foregoing Resolution No. 10757 (CCS) was duly adopted at a meeting of the Santa
Monica City Council held on the 25`h day of June, 2013, by the following vote:
AYES: Councilmembers: Davis, Holbrook, McKeown, Vazquez, Winterer
Mayor O'Connor, Mayor Pro Tern O'Day
NOES: Councilmembers: None
ABSENT: Councilmember: None
ATTEST:
�.
Sara P. Orman, City Clerk