ADMINISTRATIVE COMMITTEE

 

12.

CONSIDER ADOPTION OF RESOLUTION 2013-09 ESTABLISHING ARTICLE XIII (B) FISCAL YEAR 2013-2014 APPROPRIATIONS LIMIT

 

Meeting Date:

June 10, 2013

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 10, 2013 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 12-A is Resolution 2013-__, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2013-2014.  The resolution establishes an appropriations limit of $1,430,885 for fiscal year 2013-2014 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 $1,403,000 in property tax revenues during that fiscal year.  After subtracting exempt appropriations of $5,699,718 from the estimated property tax revenues, the appropriations subject to the limit are $(4,296,718), 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 2013-09, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2013-2014 in the amount of $1,430,885.  The Administrative Committee reviewed this item at its June 10, 2013 meeting and voted _-_ to recommend __________.

 

EXHIBIT

12-A    Resolution 2013-09

 

 

 

 

 

 

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