ITEM:

CONSENT CALENDAR

 

8.

CONSIDER ADOPTION OF ARTICLE XIII (B) APPROPRIATIONS LIMIT FOR FISCAL YEAR 2005-2006

 

Meeting Date:

June 20, 2005

Budgeted: 

N/A

 

From:

David A. Berger,

Program/

N/A

 

General Manager

Line Item No.:

 

Prepared By:

 

Rick Dickhaut

Cost Estimate:

N/A

General Counsel Approval:  N/A

Committee Recommendation:  The Administrative Committee reviewed this item on June 9, 2005 and recommended _____________.

CEQA Compliance:  N/A

 

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 __________.

 

EXHIBITS

8-A      Resolution 2005-__

 

 

 

 

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