ADMINISTRATIVE COMMITTEE
10.	CONSIDER ADOPTION OF ARTICLE XIII (B) APPROPRIATIONS LIMIT FOR FISCAL YEAR 2007-08
Meeting Date:		June 7, 2007	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 7, 2007 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 10-A is Resolution 2007-__, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2007-08. The resolution establishes an appropriations limit of $1,177,510 for fiscal year 2007-08 as calculated on the Property Tax Appropriations Limit Worksheet, which is Attachment 1 to the resolution. The worksheet also shows that District staff estimates that it will receive $1,338,000 in property tax revenues during that fiscal year. After subtracting exempt appropriations of $445,500 from the estimated property tax revenues, the appropriations subject to the limit are $892,500, which is under the appropriations limit calculated under the provisions of Article XIII (B).

RECOMMENDATION: Staff recommends adoption Resolution 2007-__, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Establishing an Appropriations Limit for Fiscal Year 2007-08 in the amount of $1,177,510. The Administrative Committee reviewed this item at its June 7, 2007 meeting and voted _-_ to recommend __________.

EXHIBITS

10-A Resolution 2007-__

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