HomeMy WebLinkAbout1997-06-24; Municipal Water District; Resolution 981c -? 0 0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
1
RESOLUTION NO. 981
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 1997-98 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 1997-98 appropriation
limit of one million, four hundred forty-nine thousand, five hundred and fony-
seven dollars ($1,449,547) as computed in Exhibit A attached hereto.
Ill
Ill
Ill
~
\I
I
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
0 0
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 24th day of June , 1997, by the following
vote, to wit:
AYES: Board Members Lewis, Finnila, Nygaard, Kulchin and Ha
NOES: None
ABSENT: None
ATTEST: - lh
ALETHA L. RAUTENKRANZ, Secretary \ (SEAL)
.. . e Q
Exhibit A
GANN APPROPRIATIONS LIMIT
The Appropriations Limitation imposed by Proposition 4 and modified by
appropriated in any fiscal year. The revenues 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 on population growth and
inflation.
The major change made by Proposition 11 1 allows the Carlsbad Municipal Water
District to annually choose among the following options for calculating its Gann
Limit:
Proposition 111 (creates a restriction on the amount of revenue which can be
cP Population growth of Carlsbad, OR
P Population growth within San Diego County, AND
P Growth in California per capita income, OR
P Growth in non-residential assessed valuation due to new
construction in the City,
The factors used to calculate the 1997-98 Limit were:
P Population growth of Carlsbad, AND
P Growth in California per capita income.
The formula is outlined below:
1996-97 Expenditure Limit $1,347,771
% Carlsbad Population Growth
Growth in California per capita income
Net Increase Factor
1.0275
X 1.0467
1.0755
1997-98 Limit (1996-97 Limit X Factor) $1,449,547
Current Appropriation of Proceeds of Taxes $0.00
The spending limit for the Carlsbad Municipal Water District for 1997-98 is
$1,449,547 with no appropriations of "proceeds of taxes". All revenues subject
to the Gann Appropriations Limit are appropriated within the capital replacement
fund and are therefore exempt.