ITEM:		CONSENT CALENDAR
16.	CONSIDER ADOPTION OF RESOLUTION 2022-19 ESTABLISHING ARTICLE XIII (B) FISCAL YEAR 2022-2023 APPROPRIATIONS LIMIT
Meeting Date:			June 20, 2022	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 13, 2022 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 16-A is Resolution 2022-19, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2022-2023. The resolution establishes an appropriations limit of $2,065,326 for fiscal year 2022-2023 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 $2,500,000 in property tax revenues during the fiscal year. After subtracting exempt appropriations of $4,055,000 from the estimated property tax revenues, the appropriations subject to the limit are $(1,555,000), 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 2022-19, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2022-2023 in the amount of $2,065,326.

EXHIBIT

16-A Resolution 2022-19

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