HomeMy WebLinkAbout1994-06-21; Municipal Water District; Resolution 8779’
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RESOLUTION NO. 877
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 1994-95 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 1994-95
appropriation limit of one million, one hundred ninety-nine, eight hundred
eleven dollars ($1,199,811) 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.
special
PASSED, APPROVED AND ADOPTED at a ~gdar meeting of the
4 ll Board of Directors on the 21st day of JUNE , 1994, by
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the following vote, to wit:
AYES: Board Members Stanton, Kulchin, Nygaard, Finnila
NOES: None
ABSENT: Board Member Lewis
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13 ATTEST: 1 I.4 I
15 I RANZ, Secretary
sistant Secretary
l6 II (SEAL)
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EXHIBIT
GANN APPROPRIATIONS LIMIT
The Appropriations Limitation imposed by Proposition 4 and modified by Proposition 11
creates a restriction on the amount of revenue which can be appropriated in any fisc year. The revenues which are subject to the Limitation are those considered "proceec
of taxes." The basis for calculating the Limit began in fiscal year 1978-79 and is increas&
based on population growth and inflation.
The major change made by Proposition 11 1 allows the Carlsbad Municipal Water Distril
to annually choose among the following options for calculating its Gann Limit:
b Growth in California per capita income,.OR
b Growth in non-residential assessed valuation due to new construction in th
City,
AND
b Population growth of Carlsbad, OR
b Population growth within San Diego County.
The factors used to calcu!ate the 1994-95 Limit were:
b Population growth within San Diego County, AND
b Growth in California per capita income.
The formula is outlined below:
1993-94 Expenditure Limit $1 ,I 74,671
% San Diego County Growth 1.01 42
Growth in California per capita income X 1 .OW1
Net Increase Factor 1.021 4
1994-95 Limit (1 989-90 Limit X Factor) $1,199,811
Current Appropriation of Proceeds of Taxes $0.00
The spending limit for the Carlsbad Municipal Water District for 1994-95 is $Ill 99,811 wit1 no appropriations of "proceeds of taxes". All revenues subject to the Ganl
Appropriations Limit are appropriated within the capital replacement fund and arl therefore exempt.