ITEM:		CONSENT CALENDAR
8.	CONSIDER ADOPTION OF ARTICLE XIII (B) APPROPRIATIONS LIMIT FOR FISCAL YEAR 2005-2006
Meeting Date:			June 20, 2005	Budgeted:	N/A
From:			David A. Berger,	Program/	N/A
			General Manager	Line Item No.:
Prepared By:			Rick Dickhaut	Cost Estimate:	N/A
General Counsel Approval: N/A
Committee Recommendation: The Administrative Committee reviewed this item on June 9, 2005 and recommended approval.
CEQA Compliance: N/A

SUMMARY: Article XIII (B) of the California Constitution requires that an appropriations limit be calculated on an annual basis. Attached as Exhibit 8-A is Resolution 2005-__, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2005-2006. The resolution establishes an appropriations limit of 1,088,106 for fiscal year 2005-2006 as calculated on the Property Tax Appropriations Limit Worksheet, which is Attachment 1 to the resolution. The worksheet also shows that District estimates that it will receive $1,144,500 in property tax revenues during that fiscal year. After subtracting exempt appropriations of $309,300 from the estimated property tax revenues, the appropriations subject to the limit are $835,200, which is under the appropriations limit calculated under the provisions of Article XIII (B).

RECOMMENDATION: Staff recommends adoption Resolution 2005-__, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2005-2006 in the amount of $1,088,106. The Administrative Committee reviewed this item at its June 9, 2005 meeting and voted 3 to 0 to recommend approval.

EXHIBITS

8-A Resolution 2005-__

Attachment 1 Property Tax Appropriation Limit

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