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ADMINISTRATIVE
COMMITTEE |
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8. |
CONSIDER ADOPTION OF ARTICLE
XIII (B) APPROPRIATIONS LIMIT FOR FISCAL YEAR 2006-07 |
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Meeting
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June 12, 2006 |
Budgeted: |
N/A |
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From: |
David A.
Berger, |
Program/ |
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General
Manager |
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Cost Estimate: |
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General Counsel Approval: N/A |
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Committee Recommendation: The Administrative Committee reviewed this item on June 12, 2006 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 2006-__, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2006-07. The resolution establishes an appropriations limit of $1,124,182 for fiscal year 2006-07 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 $1,268,000 in property tax revenues during that fiscal year. After subtracting exempt appropriations of $473,600 from the estimated property tax revenues, the appropriations subject to the limit are $794,400, which is under the appropriations limit calculated under the provisions of Article XIII (B).
RECOMMENDATION: Staff recommends adoption Resolution 2006-__, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2006-07 in the amount of $1,124,182. The Administrative Committee reviewed this item at its June 12, 2006 meeting and voted _-_ to recommend __________.
8-A Resolution 2006-__
U:\staff\word\committees\Admin\2006\20060612\08\item8.doc