ITEM:		CONSENT CALENDAR
6.	CONSIDER ADOPTION OF RESOLUTION 2011-11 ESTABLISHING ARTICLE XIII (B) FISCAL YEAR 2011-2012 APPROPRIATIONS LIMIT
Meeting Date:			June 20, 2011	Budgeted:	N/A
From:			Darby Fuerst,	Program/	N/A
			General Manager	Line Item No.:
Prepared By:			Rick Dickhaut	Cost Estimate:	N/A
General Counsel Review: N/A
Committee Recommendation: The Administrative Committee reviewed this item on June 13, 2011 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. Included as Exhibit 6-A is Resolution 2011-11, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2011-12. The resolution establishes an appropriations limit of $1,289,466 for fiscal year 2011-12 as calculated on the Property Tax Appropriations Limit worksheet, which is Attachment 1 to the resolution. The worksheet also shows that the District estimates that it will receive $1,465,000 in property tax revenues during that fiscal year. After subtracting exempt appropriations of $2,133,800 from the estimated property tax revenues, the appropriations subject to the limit are $(668,800), which is under the appropriations limit calculated under the provisions of Article XIII (B), resulting in estimated excess tax revenue of $0.00.

RECOMMENDATION: Staff recommends adoption Resolution 2011-11, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2011-12 in the amount of $1,289,466. The Administrative Committee reviewed this item at its June 13, 2011 meeting and voted 2-0 to recommend approval.

EXHIBITS

6-A Resolution 2011-11

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