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ITEM: |
CONSENT
CALENDAR |
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12. |
CONSIDER ADOPTION OF
RESOLUTION 2007-08 ESTABLISHING ARTICLE XIII (B) APPROPRIATIONS LIMIT FOR
FISCAL YEAR 2007-08 |
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Meeting
Date: |
June 18, 2007 |
Budgeted: |
N/A |
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From: |
David A.
Berger, |
Program/ |
N/A |
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General
Manager |
Line Item No.: |
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Prepared
By: |
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Cost Estimate: |
N/A |
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General Counsel Approval: N/A |
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Committee Recommendation: The Administrative Committee reviewed this item on June 7, 2007 and recommended approval. |
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CEQA Compliance: N/A |
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SUMMARY: Article XIII (B) of the California Constitution requires that an appropriations limit be calculated on an annual basis. Attached as Exhibit 12-A is Resolution 2007-08, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2007-08. The resolution establishes an appropriations limit of $1,177,510 for fiscal year 2007-08 as calculated on the Property Tax Appropriations Limit Worksheet, which is Attachment 1 to the resolution. The worksheet also shows that District staff estimates that it will receive $1,338,000 in property tax revenues during that fiscal year. After subtracting exempt appropriations of $445,500 from the estimated property tax revenues, the appropriations subject to the limit are $892,500, which is under the appropriations limit calculated under the provisions of Article XIII (B).
RECOMMENDATION: Staff recommends adoption Resolution 2007-08, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2007-08 in the amount of $1,177,510.
12-A Resolution 2007-08
U:\staff\word\boardpacket\2007\2007boardpackets\20070618\ConsentCal\12\item12.doc