Loading...
R11347ATTACHMENT J 1 City Council Meeting: June 22, 2021 Santa Monica, California RESOLUTION NO. 11347 (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 2021-22 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 4.48% change in non-residential assessed valuation and a -0.89% 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: SECTION 1. For purposes of Article XIIIB of the California Constitution, the City of Santa Monica appropriations limit for the Fiscal Year 2021-22 shall be $2,535,966,926 calculated as follows: DocuSign Envelope ID: 78AAA104-8EEE-4A63-8A9C-1F1F4F69F75A ATTACHMENT J 2 FY 2020-21 Gann Limit a $2,449,026,486 Factors Non-Residential assessed Valuation b 1.04480 County Population Change c 0.99110 = Total adjustment factor (b*c) X 1.03550 FY 2021-22 Gann Limit $2,535,966,926 a As adopted by City Council on June 23, 2020 (Resolution No. 11267 CCS) b L.A. County Assessor 2020-21 Secured Tax Rolls c Per State Department of Finance – May 2021 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: _______________________ GEORGE S. CARDONA Interim City Attorney DocuSign Envelope ID: 78AAA104-8EEE-4A63-8A9C-1F1F4F69F75A Adopted and approved this 22nd day of June 2021. __________________________ Sue Himmelrich, Mayor I, Denise Anderson-Warren, City Clerk of the City of Santa Monica, do hereby certify that Resolution No. 11347 (CCS) was duly adopted at a meeting of the Santa Monica City Council held on the 22nd day of June 2021, by the following vote: AYES: Councilmembers Brock, Davis, Parra, Mayor Pro Tem McCowan, Mayor Himmelrich NOES: None ABSTAIN: Councilmember de la Torre ABSENT: None ATTEST: _____________________________________ Denise Anderson-Warren, City Clerk DocuSign Envelope ID: 78AAA104-8EEE-4A63-8A9C-1F1F4F69F75A