R11125ATTACHMENT
City Council Meeting: June 12, 2018 Santa Monica, California
RESOLUTION NO.'t!(CCS)
(CITY COUNCIL SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA
ESTABLISHING THE GANN APPROPRIATIONS LIMIT FOR
FISCAL YEAR 2018-19
WHEREAS, pursuant to the provisions of Government Code section 7910 and
Article XIIIB of the California Constitution, the City Council of the City of Santa Monica
(the "City Council") is required to establish its appropriations limit by resolution; and
WHEREAS, pursuant to Government Code sections 7901 and 7910, the final
calculation of the appropriations limit has been determined, and the adjustment factors
on which the calculation is based are a 5.74% change in non-residential assessed
valuation and a 0.51 % change in population growth for the County of Los Angeles; and
WHEREAS, documentation used in the determination of the appropriations limit
has been available to the public for at least fifteen (15) days prior to adoption as required
by Government Code section 7910.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
1
SECTION 1. For purposes of Article XIIIB of the California Constitution, the City
of Santa Monica appropriations limit for the Fiscal Year 2018-19 shall be $2,139,479,622
calculated as follows:
FY 2017-18 Gann Limit
a
$2,013,78,428
Factors
Non -Residential assessed Valuation h 1.05740
County Population Change ° 1.00510 =
Total adjustment factor (b"c) X 1.06279
FY 2018-19 Gann Limit $2,139,479,622
a As adopted by City Council on June 27, 2017 (Resolution No. 11055 CCS)
b L.A. County Assessor 2017-18 Secured Tax Rolls
Per State Department of Finance — May 2018
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:
^� P
LANE DILG
City Attorney
2
Adopted and approved this 12th day of June, 2018.
Ted Winterer, Mayor
I, Denise Anderson -Warren, City Clerk of the City of Santa Monica, do hereby
certify that Resolution No. 11125 (CCS) was duly adopted at a meeting of the Santa
Monica City Council held on the 12th day of June, 2018, by the following vote:
AYES: Councilmembers Himmelrich, O'Connor, Vazquez,
Mayor Pro Tem Davis, Mayor Winterer
NOES: None
ABSENT: Councilmembers McKeown, O'Day
ATTEST:
a� ,
� AV -4131 c ,
Denise Anderson -Warren, City Clerk