HomeMy WebLinkAbout2001-06-19; Municipal Water District; Resolution 11271
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RESOLUTION NO. 1127
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
CARLSBAD MUNICIPAL WATER DISTRICT, CALIFORNIA,
ESTABLISHING THE 2001-02 APPROPRIATION LIMIT
AS REQUIRED BY ARTICLE XIIIB 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 2001-02 appropriation limit of three million, twenty
thousand, eight hundred seventy dollars ($3,020,870) as computed in Exhibit A attached hereto.
2. That the Secretary is directed to publish this Resolution in a newspaper of general
circulation.
Ill
Page 2 of resolution 1127
PASSED, APPROVED AND ADOPTED at a regular meeting of the Board of Directors on the
19th day of June , 2001, by the following vote, to wit:
AYES: Board Members Lewis, Kulchin, Finnila, Nygaard, and Hall.
NOES: None.
ABSENT: None -
GANN APPROPRIATIONS LIMIT
The Appropriations Limitation imposed by Proposition 4 and modified by Proposition 111
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 111 allows the Carlsbad Municipal Water District
to annually choose among the following options for calculating its Gann Limit:
> Population growth of Carlsbad, OR
P Population growth within San Diego County, AND
> Growth in California per capita income, OR
> Growth in non-residential assessed valuation due to new construction in
the City,
The factors used to calculate the 2001-02 Limit were:
> Population growth of Carlsbad, AND
k Growth in new non-residential construction
The formula is outlined below:
2000-01 Expenditure Limit $2,649,434
% Carlsbad Pop ulation Growth
Growth in new non-residential construction
Net Increase Factor
1.0175
x 1.1205
1 .I402
2001-02 Limit (2000-01 Limit X Factor) $3,020,870
Current Appropriation of Proceeds of Taxes $1,450,000
The spending limit for the Carlsbad Municipal Water District for 2001-02 is $3,020,870
with appropriations of “proceeds of taxes” of $1,450,000. The result of the calculation
provides the district with an operating margin if $1,570,870.