HomeMy WebLinkAbout1999-06-15; Municipal Water District; Resolution 1057c
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
8 0
RESOLUTION NO. 1057
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 1999-00 APPROPRIATION LIMIT
- WHEREAS, Article XIIIB 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 1999-00 appropriation
limit of two million, three hundred twenty-four thousand, one hundred twenty-nine
dollars ($2,324,129) as computed in Exhibit A attached hereto.
Ill
Ill
Ill
5
4
5
6
7
8
E
1c
11
1;
1:
14
l!
11
1'
1
1
2
2
2
i
2
# 1
t 1
1 1
1 d
3
1
1
1
1
?
3
4
5
6
7
a
9
0
11
12
!3
!4
!5
26
77
28
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 15 - day of June I- 1999. byi the following
vote, to wit:
AyES:Board Members Lewis, Nyqaard, Finnila & Hall
NOES: None
ABSENT: Board Member Kulchin
ATTEST:
KAREN R. KUNDTZ, Assistant Secretary
(SEAL)
EXHIBIT A
GANN APPROPRIATIONS LIMIT
The Appropriations Limitation imposed by Proposition 4 and modified by Proposition 11 I 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 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:
> Population growth of Carlsbad, OR
k Population growth within San Diego County, AND
k Growth in California per capita income, OR
k Growth in non-residential assessed valuation due to new
construction in the City,
The factors used to calculate the 1999-00 Limit were:
P Population growth of Carlsbad, AND
> Growth in new non-residential construction
The formula is outlined below:
1998-99 Expenditure Limit $1,908,058
% Carlsbad Population Growth
Growth in new non-residential construction
Net Increase Factor
1.0524
X 1.1574
1.21 81
1999-00 Limit (I 998-99 Limit X Factor) $2,324.1 29
Current Appropriation of Proceeds of Taxes $0.00
The spending limit for the Carlsbad Municipal Water District for 1999-00 is
$2,324,129 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.