R10819City Council Meeting: 6 -24 -14 Santa Monica,
California
RESOLUTION NO. 10819 (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 2014 -15
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, pursuant to Government Code sections 7901 and 7910, the final
calculation of the Limit has been determined, and the adjustment factors on which the
calculation is based are a 5.11% change in non - residential assessed valuation and a
1.20% change in population growth for the City of Santa Monica; 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 2014 -15 shall be $1,639,238,117
calculated as follows:
ATTACHMENT F
City Council Meeting: 6 -24 -14 Santa Monica, California
RESOLUTION NO. (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 2014 -15
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, pursuant to Government Code sections 7901 and 7910, the final
calculation of the Limit has been determined, and the adjustment factors on which the
calculation is based are a 5.11 % change in non - residential assessed valuation and a
1.20% change in population growth for the City of Santa Monica; 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 2014 -15 shall be $1,639,238,117
calculated as follows:
1
ATTACHMENT
FY 2013 -14 Gann Limit a $1 ,541,052,717
Factors
Non - Residential assessed Valuation b 1.05110
City Population Change ` 1.01200 =
Total adjustment factor (b *c) X 1.06371
FY 2014 -15 Gann Limit $1,639,238,117
a As adopted by City Council on June 25, 2013 (Resolution 10757 CCS)
b L.A. County Assessor 2013 -14 Secured Tax Rolls
Per State Department of Finance — May 2014
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:
7
Adopted and approved this 24th day of June, 2014.
Pam O'Connor, Mayor
I, Sarah P. Gorman, City Clerk of the City of Santa Monica, do hereby certify that
the foregoing Resolution No. 10819 (CCS) was duly adopted at a meeting of the Santa
Monica City Council held on the 24th day of June, 2014, by the following vote:
AYES: Councilmembers: Davis, Holbrook, McKeown, Vazquez, Winterer
Mayor O'Connor, Mayor Pro Tern O'Day
NOES: Councilmember: None
ABSENT: Councilmember: None
ATTEST:
Sarah P. Gorman, City Clerk