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R-9154 . . ATTACHMENT C FIN CMD sd/srgannap Council Meeting June 24, 1997 Santa Monica, California RESOLUTION NO. 9154 (City Council Series) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA APPROPRIATING FISCAL YEAR 1996-97 FUNDS TO GANN"ED RESERVE AND/OR DESIGNATED BALANCE SHEET ACCOUNTS WHEREAS, under the provISions of Article XIIIB of the California Constitution, a City IS authorized to appropriate to a Gann'ed reserve and/or designated balance sheet accounts the difference between actual spendmg subject to the Gann AppropriatIons Limit and the City'S Gann Appropriations LimIt for that fiscal year, and WHEREAS, appropriating available funds to Gann'ed reserve and/or designated balance sheet accounts IS In the public mterest because establishment of Gann'ed reserve and/or designated balance sheet accounts Increases the ability of the City CouncIl to respond to the service needs of the citizens of the City of Santa MOnica NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE AS FOLLOWS -9- . . SECTION 1 All Fiscal Year 1996-97 General Fund, Parks and Recreation Fund, and TORCA Fund appropnatlons, exclusive of Federal or State grant appropriatIOns, shall be adjusted to actuals as determined by the City'S annual financial audit as set forth In the City'S Fiscal Year 1996-97 Comprehensive Annual Financial Report, and the dIfference between the lesser of $18,242,342 or actual expenditures and encumbrances subject to limitation as determined by the City'S annual financial audit as set forth in the City'S Fiscal Year 1996-97 Comprehensive Annual Financial Report for these Funds and the City's Fiscal Year 1996-97 Gann Appropnations limit, to the extent funds are available, IS hereby appropriated to reserve and/or designated balance sheet accounts In these respective Funds. 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 hi lL<ALi;)y;mrfw MARSHA JOOES MOUTRIE City Attorney -10- . . Adopted and approved thIS 24th of June 1997 l ~of~ L Mana M Stewart, CIty Clerk of the CIty of Santa MOnIca. do hereby certIfy that the foregomg ResolutIon 9154(CCS) was duly adopted at ameetmg of the CIty CouncIl held on the 24th of June. 1997 by the followmg vote Ayes CouncIlmembers Ebner, Femstein, Genser, Greenberg, Mayor Pro Tern Holbrook, Mayor O'Connor. Rosenstem Noes CouncIlmembers None Abstam CouncIlmembers None Absent CouncIl members None ATTEST ~~'l.~a-d Mana M Stewart. c.tv CI~k "'