ITEM:		CONSENT CALENDAR
12.	CONSIDER ADOPTION OF RESOLUTION 2009-06 ESTABLISHING ARTICLE XIII (B) APPROPRIATIONS LIMIT FOR FISCAL YEAR 2009-10
Meeting Date:			June 15, 2009	Budgeted:	N/A
From:			Darby Fuerst	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 8, 2009 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 12-A is Resolution 2009-06, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2009-10. The resolution establishes an appropriations limit of $1,267,471 for Fiscal Year 2009-10 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 $1,361,600 in property tax revenues during that fiscal year. After subtracting exempt appropriations of $1,683,900 from the estimated property tax revenues, the appropriations subject to the limit are $(322,300), which is under the appropriations limit calculated under the provisions of Article XIII (B).

RECOMMENDATION: Staff recommends adoption Resolution 2009-06, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2009-10 in the amount of $1,267,471.

EXHIBITS

12-A Resolution 2009-06

U:\staff\word\boardpacket\2009\20090615\ConsentCal\12\item12.doc