HomeMy WebLinkAbout1992-09-15; Municipal Water District; Resolution 816.
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RESOLUTION NO. 816
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE CARLSBAD MUNICIPAL WATER DISTRICT
TO OFFSET LOSS OF REVENUE FROM RATE INCREASE
APPROPRIATING FUNDS FROM THE RATE STABILIZATION FUF
WHEREAS, the San Diego County Water Authority (CWA) has increasl
to the Carlsbad Municipal Water District by 15.9% effective July 1, 1992; an(
WHEREAS, the Board of Directors of the Carlsbad Municipal Wa
(District) referred rate structure revisions back to the Water Commission t
changes; and
WHEREAS, the approval of the rate increase originally set for implemc
July 15, 1992, was delayed as a result of the Board’s decision to refer chang
the Water Commission; and
WHEREAS, a shortfall of approximately $270,000 for the months of JL
and half of September will exist due to the period during which rates were not
but the District was billed at the higher rate from CWA; and
WHEREAS a rate stabilization fund was established on December 10, 1 S
Board with penalty monies obtained from the previous inclining block rate struc
used to offset rate increases; and
WHEREAS, the rate stabilization fund has a balance of $502,000 as oi
1992, and therefore has enough to cover the estimated $270,000 shortfall.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE CI
MUNICIPAL WATER DISTRICT HEREBY RESOLVES THAT:
1. The above recitations are true and correct.
2. Funds in the amount of $270,000 from the rate stabilization fund a
appropriated to the Purchased Water Account No. 501-820-631 0-2661.
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PASSED, APPROVED AND ADOPTED at a ial dtk meeting of the
Municipal Water District held on the 15th day of September, 1992, by the folk
to wit:
AYES: Board Members Lewis, Kulchin, Larson, Stanton, Nygaard
NOES: None
ABSENT: None
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ATTEST:
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