RESOLUTION 2003-_____

A Resolution of the Board of Directors of the

Monterey Peninsula Water Management District

Establishing an Appropriations Limit

for Fiscal Year 2003-2004

WHEREAS, Article XIII (B) of the California Constitution requires that each local government agency annually establish an appropriations limit; and

WHEREAS, the Monterey Peninsula Water Management District desires to establish its appropriations limit for the purpose of setting its budget;

NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the Monterey Peninsula Water Management District hereby determines that the 2003-2004 appropriations limit for the District is $993,664 based on a 2002-2003 multiplier of 1.0298, as shown on Attachment 1.

On motion of Director ____________, and second by Director _____________, the foregoing resolution is duly adopted this 16th day of June 2003 by the following votes:

AYES:

NAYS:

ABSENT:

I, Fran Farina, Secretary to the Board of Directors of the Monterey Peninsula Water Management District, hereby certify that the foregoing is a resolution duly adopted on the 16th day of June 2003.

Witness my hand and seal of the Board of Directors this ____ day of June 2003.

_____________________________________

Fran Farina,

Secretary to the Board