13. CONSIDER ADOPTION OF ARTICLE XIII (B) 2004-2005 FISCAL YEAR APPROPRIATIONS LIMIT
Meeting Date: June 21, 2004 Budgeted: N/A
Program Line Item No.: N/A
Staff Person: Rick Dickhaut Cost Estimate: N/A
General Counsel Approval: Yes
Committee Recommendation: The Administrative Committee recommended reviewed this item on June 7, 2004 and recommended approval.
CEQA Compliance: N/A
SUMMARY: Article XIII (B) of the California Constitution limits the growth of appropriations for Fiscal Year (FY) 2004-2005 to $1,035,492 as reflected in the computations on Proposition 13 Worksheet (Attachment 1 of Exhibit 13-A). The FY 2004-2005 proposed budget assumes that the District will receive $840,000 in property tax revenues during Fiscal Year 2004-2005. This amount is less than the limit calculated under the provisions of Article XIII (B).
RECOMMENDATION: Staff recommends adoption of Article XIII (B) 2004-2005 appropriations limit as set forth in Resolution 2004-___. The Administrative Committee reviewed this item at its June 7, 2004 meeting and voted 2 to 0 to recommend approval.