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ITEM: |
CONSENT
CALENDAR |
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8. |
CONSIDER ADOPTION OF ARTICLE
XIII (B) APPROPRIATIONS LIMIT FOR FISCAL YEAR 2005-2006 |
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Meeting
Date: |
June 20, 2005 |
Budgeted: |
N/A |
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From: |
David A.
Berger, |
Program/ |
N/A |
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General
Manager |
Line Item No.: |
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Prepared
By: |
Rick
Dickhaut |
Cost Estimate: |
N/A |
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General Counsel Approval: N/A |
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Committee Recommendation: The Administrative Committee reviewed this item on June 9, 2005 and recommended _____________. |
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CEQA Compliance: N/A |
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SUMMARY: Article XIII (B) of the California Constitution requires that an appropriations limit be calculated on an annual basis. Attached as Exhibit 8-A is Resolution 2005-__, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2005-2006. The resolution establishes an appropriations limit of 1,088,106 for fiscal year 2005-2006 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 $1,144,500 in property tax revenues during that fiscal year. After subtracting exempt appropriations of $309,300 from the estimated property tax revenues, the appropriations subject to the limit are $835,200, which is under the appropriations limit calculated under the provisions of Article XIII (B).
RECOMMENDATION: Staff recommends adoption Resolution 2005-__, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2005-2006 in the amount of $1,088,106. The Administrative Committee reviewed this item at its June 9, 2005 meeting and voted _-_ to recommend __________.
8-A Resolution 2005-__
U:\staff\word\committees\Admin\2005\20050609\08\item8.doc