ADMINISTRATIVE COMMITTEE

 

16.

CONSIDER ADOPTION OF RESOLUTION 2010-07 ESTABLISHING ARTICLE XIII (B) FISCAL YEAR 2010-2011 FISCAL YEAR APPROPRIATIONS LIMIT

 

Meeting Date:

June 15, 2010

Budgeted: 

N/A

 

From:

Darby Fuerst

Program/

N/A

 

General Manager

Line Item No.:

 

Prepared By:

 

Rick Dickhaut

Cost Estimate:

N/A

General Counsel Review:  N/A

Committee Recommendation:  The Administrative Committee reviewed this item on June 15, 2010 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 16-A is Resolution 2010-07, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2010-11.  The resolution establishes an appropriations limit of $1,252,008 for fiscal year 2010-11 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 $1,465,000 in property tax revenues during that fiscal year.  After subtracting exempt appropriations of $3,973,700 from the estimated property tax revenues, the appropriations subject to the limit are $(2,508,700), 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 Resolution 2010-07, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2010-11 in the amount of $1,252,008.  The Administrative Committee reviewed this item at its June 15, 2010 meeting and voted _-_ to recommend __________.

 

EXHIBITS

16-A    Resolution 2010-07

 

 

 

 

 

 

U:\staff\word\committees\Admin\2010\20100615\16\item16.doc