HomeMy WebLinkAbout1992-06-16; Municipal Water District; Resolution 7973" I . 2-
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RESOLUTION NO. 7 9 7
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE CARLSBAD MUNICIPAL WATER DISTRICT, CALIFORNIA
LIMIT AS REQUIRED BY ARTICLE XIIIB OF THE
CALIFORNIA STATE CONSTITUTION AND STATE LAW
AND ESTABLISHING THE 1992-93 APPROPRIATION
WHEREAS, Article XIIIB of the California State Constitution
requires that governments annually establish a limit on the appropriation of
proceeds of taxes; and
WHEREAS, State law requires that this limit be presented to
the governing body of each entity each fiscal year; and
WHEREAS, State law also requires that this limit be published
in a newspaper of general circulation to allow public response to the limit as
adopted.
NOW, THEREFORE, BE IT RESOLVED by the Board of
Directors of the Carlsbad Municipal Water District, California, as follows:
1. That the Board of Directors of the Carlsbad Municipal
Water District, California, does hereby establish and adopt the 1992-93
appropriation limit of seven hundred seventy-five, two hundred fourteen
dollars ($775,214) as computed in Exhibit C attached hereto.
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1 j/ 2. That the City Clerk is directed to publish this Resolutior
2 /I in a newspaper of general circulation.
3 II mecia1
4 I1 PASSED, APPROVED AND ADOPTED at a G-meeting 0:
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following vote, to wit:
AYES: Board Members Lewis, Kulchin, Larson, Stanton
the Board of Directors on the 16th day of June , 1992, by tht
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NOES: None
ABSENT: None
ATTEST:
LkZLRd
ALETHA L. RAUTENKRANZ, Secretary 1
v
l .- 0 e EXHIBI'
GANN APPROPRIATIONS LIMIT
CARLSBAD MUNICIPAL WATER DISTRICT
The Appropriations Limitation.imposed by Proposition 4 and modified by Proposition :
creates a restriction on the amount of revenue which can be appropriated in any fir
year. The revenues which are subject to the Limitation are those considered "proceed
taxes." The basis for calculating the Limit began in fiscal year 1978-79 and is increa
based on population growth and inflation.
The major change made by the Proposition 111 allows the Water District to annul
choose among the following options for calculating its Gam Limit:
b Growth in California per capita income, OR
b Growth in non-residential assessed valuation due to new construction in city,
AND
b Population growth of Carlsbad, OR
b Population growth within San Diego County.
The factors used to calculate the 1992-93 Limit were:
b Population growth in San Diego County, AND
b Growth in California per capita income.
The formula is outlined below:
1991 -92 Expenditure Limit $ 762,368
Oh County Population Growth
Growth in California per capita income
Net Increase Factor
1.0234
X 0.9936
1.0169
1992-93 Limit (1989-90 Limit X Factor) $ 775,214
Current Appropriation of Proceeds of Taxes $ 0.00
The spending limit for the Carlsbad Municipal Water District for 1992-93 is $775,214 wj
no appropriations of "proceeds of taxes".