ITEM:

CONSENT CALENDAR

 

19.

CONSIDER ADOPTION OF RESOLUTION 2017-10 ESTABLISHING ARTICLE XIII (B) FISCAL YEAR 2017-2018 APPROPRIATIONS LIMIT

 

Meeting Date:

June 19, 2017

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 12, 2017 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 19-A is Resolution 2017-10, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2017-2018. The resolution establishes an appropriations limit of $1,655,573 for fiscal year 2017-2018 as calculated on the Property Tax Appropriations Limit worksheet, which is Attachment 1 to the resolution. The worksheet also shows the District estimates that it will receive $1,750,000 in property tax revenues during that fiscal year. After subtracting exempt appropriations of $1,765,900 from the estimated property tax revenues, the appropriations subject to the limit are $(15,900), which is under the appropriations limit calculated under the provisions of Article XIII (B), resulting in estimated excess tax revenue of $0.00.

 

RECOMMENDATION: Staff recommends adoption of Resolution 2017-10, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2017-2018 in the amount of $1,655,573. The Administrative Committee reviewed this item at its June 12, 2017 meeting and voted 3 to 0 to recommend approval. Approval of this resolution is contingent upon adoption of the Fiscal Year 2017-2018 Budget.

 

EXHIBITS

19-A Draft Resolution 2017-10 Establishing an Appropriations Limit

 

 

 

 

 

 

file:///U:\staff\Boardpacket\2017\20170619\ConsentClndr\19\Item-19.docx