R-6869
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CouncIl Meeting: June 19, 1984
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Santa MonIca, California
ResolutIon No.
6869(CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SANTA MONICA APPROPRIATING FISCAL YEAR
1983-84 FUNDS TO GANN RESERVE ACCOUNTS
WHEREAS, under the provisions of Article XIIIB of the
State ConstItution, a city is authorIzed to appropriate to a Gann
reserve account the difference between actual spending subject to
the Gann LImit and the CIty'S Gann LImit for that fiscal year;
and
WHER~S,
appropriating available funds to a Gann
reserve account is in the publIC Interest because establishment
of a Gann reserve account 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:
SECTION 1.
All Fiscal Year 1983-84 General Fund and
Parks and Recreation FaCIlIties Fund appropriations and revenue
estImates, exclusIve of Federal or State grant approprIations and
revenue estimates, shall be adjusted to actuals as determined by
the CIty's annual flnancial audIt as set forth in the CIty'S
FIscal Year 1983-84 ComprehensIve Annual FinanCIal Report, and
the dIfference between the lesser of $3,422,211 or actual
expendItures and encumbrances subJect to limItation as determined
...
the CIty'S antlll financial audit as se~orth in the CIty'S
by
Flscal Year 1983-84 Comprehenslve Annual Financial Report for
these Funds and the City's Fiscal Year 1983-84 Gann Limit, to the
extent funds are avaIlable, is hereby appropriated to reserve
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:
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ROBERT M. MYERS
City Attorney
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Adopted and approved this 19th day of June, 1984.
W~t{
Mayor
I hereby certify that the foregoing Resolution No. 6869(CCS)
was duly adopted by the City Council of the City of Santa Monica
at a meeting thereof held on June 19, 1984 by the following
--Council vote;
Ayes; Councilmernbers: Conn, Epstein, Jennings, Press,
Reed, Zane and Mayor Edwards
Noes; Councilmembers: None
Absent: Councilrnembers: None
Abstain: Councilmembers: None
ATTEST: .
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City Clerk