ITEM:            CONSENT CALENDAR

 

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.

 

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