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ADMINISTRATIVE
COMMITTEE |
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25. |
CONSIDER ADOPTION OF RESOLUTION
2022-19 ESTABLISHING ARTICLE XIII (B) FISCAL YEAR 2022-2023 APPROPRIATIONS
LIMIT |
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Meeting
Date: |
June 13, 2022 |
Budgeted: |
N/A |
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From: |
David J.
Stoldt |
Program/ |
N/A |
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General Manager |
Line Item No.: |
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Prepared
By: |
Suresh
Prasad |
Cost Estimate: |
N/A |
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General Counsel Review: N/A |
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Committee Recommendation: The Administrative Committee reviewed this item on June 13, 2022 and recommended _____________. |
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CEQA Compliance: This action does not constitute a project
as defined by the California Environmental Quality Act Guidelines Section
15378. |
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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 25-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 should recommend 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.
25-A Resolution 2022-19
U:\staff\Board_Committees\Admin\2022\20220613\25\Item-25.docx