HomeMy WebLinkAbout1996-06-18; Municipal Water District; Resolution 9471
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RESOLUTION NO, 947
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
CARLSBAD MUNICIPAL WATER DISTRICT, CALIFORNIA
ESTABLISHING THE 1996-97 APPROPRIATION LIMIT
AS REQUIRED BY ARTICLE XIllB OF THE CALIFORNIA
STATE CONSTITUTION AND STATE LAW
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 1996-97 appropriation
limit of one million, three hundred forty-four thousand, nine hundred and ten
dollars ($1,344,910) 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 18th day of June , 1996, by the following
vote, to wit:
AYES: Board Members Lewis, Nygaard, Kulchin, Finnila and Hall
NOES: None
ABSENT: None
ATTEST:
(SEAL)
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GANN APPROPRIATIONS LIMIT
EXHIBIT
The Appropriations Limitation imposed by Proposition 4 and modified by Proposition 1
creates a restriction on the amount of revenue which can be appropriated in any fiscal yea
The reverlues which are subject to the Limitation are those considered "proceeds of taxes
The basis for calculating the Limit began in fiscal year 1978-79 and is increased based
population growth and inflation.
The major change made by Proposition 1 I? allows the Carlsbad Municipal Water District
annually choose among the following options for calculating its Gann Limit:
9 Population growth of Carlsbad, OR
9 Population growth within San Diego County, AND
k Growth in California per capita income, OR
9 Growth in non-residential assessed valuation due to new construction in the Ci
The factors used to calculate the 1996-97 Limit were:
9 Population growth of Carlsbad, AND
> Growth in California per capita income.
The formula is outlined below:
19!35-96 Expenditure Limit $1,252,127
% Garlsbad Population Growth
Growth in California per capita income
Net Increase Factor
1.0262
X 1.0467
1.0741
19!36-97 Limit (1995-96 Limit X Factor) $1,344,910
Current Appropriation of Proceeds of Taxes $0.00
The spending limit for the Carlsbad Municipal Water District for 1996-97 is $1,344,910 with r
appropriations of "proceeds of taxes". All revenues subject to the Gann Appropriations Lin
are appropriated within the capital replacement fund and are therefore exempt.