ITEM:

CONSENT CALENDAR

 

17.

CONSIDER ADOPTION OF RESOLUTION 2021-07 ESTABLISHING ARTICLE XIII (B) FISCAL YEAR 2021-2022 APPROPRIATIONS LIMIT

 

Meeting Date:
June 21, 2021

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 14, 2021 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 17-A is Resolution 2021-07, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2021-2022.  The resolution establishes an appropriations limit of $1,953,352 for fiscal year 2021-2022 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 $2,200,000 in property tax revenues during the fiscal year.  After subtracting exempt appropriations of $3,883,700 from the estimated property tax revenues, the appropriations subject to the limit are $(1,683,700), 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 that the Board adopt Resolution 2021-07, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2021-2022 in the amount of $1,953,352. 

 

EXHIBIT

17-A    Resolution 2021-07

 

 

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