HomeMy WebLinkAbout1998-06-16; Municipal Water District; Resolution 10185
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0 0 EXHIBIT 6
RESOLUTION NO. 1018
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
CARLSBAD MUNICIPAL WATER DISTRICT, CALIFORNIA
AS REQUIRED BY ARTICLE XlllB OF THE CALIFORNIA
STATE CONSTITUTION AND STATE LAW
ESTABLISHING THE 1998-99 APPROPRIATION LIMIT
WHEREAS, Article XlllB 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 1998-99 appropriation
limit of one million, nine hundred eight thousand, fifty-eight dollars ($1,908,058)
as computed in Exhibit A attached hereto.
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2. That the Secretary is directed to publish this Resolution in a
newspaper of general circulation.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Board
of Directors on the 16 day of June , 1998, by the following
vote, to wit:
AYES: Board Members Lewis, Nygaard, Finnila, Hall & Kulchin
NOES: None
ABSENT: None
ATTEST: en
(SEAL)
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Exhibit A
GANN APPROPRIATIONS LIMIT
The Appropriations Limitation imposed by Proposition 4 and modified by
Proposition 11 1 creates a restriction on the amount of revenue which can be
appropriated in any fiscal year. The revenues which are subject to the Limitation
are those considered "proceeds of taxes." The basis for calculating the Limii
began in fiscal year 1978-79 and is increased based on population growth anci
inflation.
The major change made by Proposition I1 1 allows the Carlsbad Municipal Watel
District to annually choose among the following options for calculating its Ganr
Limit;
9 Population growth of Carlsbad, OR
> Population growth within San Diego County, AND
> Growth in California per capita income, OR
9 Growth in non-residential assessed valuation due to nev
construction in the City,
The factors used to calculate the 1998-99 Limit were:
9 Population growth of Carlsbad, AND
9 Growth in new non-residential construction
The formula is outlined below:
1997-98 Expenditure Limit $1,735,80(
% Carlsbad Population Growth
Growth in new non-residential construction
Net Increase Factor
I .051 2
X 1.0457
1.099;
1998-99 Limit (1 997-98 Limit X Factor) $1,908,05t
Current Appropriation of Proceeds of Taxes $O.O(
The spending limit for the Carlsbad Municipal Water District for 1998-99 i!
$1,908,058 with no appropriations of "proceeds of taxes". All revenues subject tc
the Gann Appropriations Limit are appropriated within the capital replacemen
fund and are therefore exempt.