|
ITEM: |
CONSENT
CALENDAR |
||||
|
|
|||||
|
25. |
CONSIDER ADOPTION OF RESOLUTION
2020-10 ESTABLISHING ARTICLE XIII (B) FISCAL YEAR 2020-2021 APPROPRIATIONS
LIMIT |
||||
|
|
|||||
|
Meeting
Date: |
June 15, 2020 |
Budgeted: |
N/A |
||
|
|
|||||
|
From: |
David J.
Stoldt |
Program/ |
N/A |
||
|
|
General
Manager |
Line Item No.: |
|
||
|
|
|||||
|
Prepared
By: |
Suresh
Prasad |
Cost Estimate: |
N/A |
||
|
|
|||||
General Counsel Review: N/A |
|||||
Committee Recommendation: The Administrative Committee reviewed this item on June 9, 2020 and recommended approval. |
|||||
|
CEQA Compliance: This action does not constitute a project
as defined by the California Environmental Quality Act Guidelines Section
15378. |
|||||
SUMMARY: Article XIII (B) of the California Constitution requires that an appropriations limit be calculated on an annual basis. Attached as Exhibit 25-A is Resolution 2020-10, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2020-2021. The resolution establishes an appropriations limit of $1,842,149 for fiscal year 2020-2021 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 $2,050,000 in property tax revenues during the fiscal year. After subtracting exempt appropriations of $4,135,900 from the estimated property tax revenues, the appropriations subject to the limit are $(2,085,900), which is under the appropriations limit calculated under the provisions of Article XIII (B), resulting in estimated excess tax revenue of $0.00.
RECOMMENDATION: The Administrative Committee recommends adoption of Resolution 2020-10, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2020-2021 in the amount of $1,842,149.
25-A Resolution 2020-10
U:\staff\Boardpacket\2020\20200615\ConsentClndr\25\Item-25.docx