Resolution 2811-06
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RESOLUTION NO. 2811-06
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
ADOPTING THE SEWER ENTERPRISE FUND APPROPRIATIONS
SUBJECT TO LIMITATION AND PROCEEDS OF TAXES FOR
FISCAL YEAR 2006-07
WHEREAS, the people of the State of California have elected to approve
7 Constitutional Amendment XIIB, and the Legislature of the State of California has voted
8 to adopt Senate Bill No. 1352, which implements Constitutional Amendment XIIB,
9 setting the method of computing annual appropriations subject to limitation of local non-
10 residential construction and population; and
WHEREAS, the Directors selected the change in per capita personal income;
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and
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WHEREAS, such legislation sets the base year for this computation as Fiscal
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Year 1978-79; and
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WHEREAS, such legislation required documentation setting such appropriation
15 limitations shall be available to the public fifteen days prior to the adoption of this
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WHEREAS, on May 12, 2006, such documentation was made public:
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the South
19 Tahoe Public Utility District does find and declare that the appropriations subject to
20 limitation for Fiscal Year 2006-07 are: $24,520,076; and that for Fiscal Year 2006-07,
the proceeds of taxes are defined in the enabling statues are: $6,342,001; and that the
22 increase in proceeds of taxes over the appropriations subject to limitations is: $-0.
PASSED AND ADOPTED at a duly held regular meeting of the Board of
Directors of the South Tahoe Public Utility District on the 1 sl day of June, 2006, by the
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following vote:
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AYES: Directors Jones, Wallace, Schafer, Comte, Hosbacher
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NOES: None
27 ABSENT: None
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~ 1 Resolution No. 2811-06
2 June 1, 2006
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5 Eric w. sc~ President
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7 South Tahoe Public Utility District
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9 ATTEST:
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SOUTH TAHOE PUBLIC UTILITY DISTRICT
~ Permitted Growth Rate in Appropriations for 2006-07
"%,ropriation Limitation 2005-06 $47,350,131
Increase In CA Per Capita Personal Income
3.96 + 100.00=
100
1.0396
Increase In Population
El Dorado County
1.55 + 100.00=
100
1.0155
Change Ratio 1.0396 x 1.0155
x
1.0557
f llpropriations Limitation for 2006-07
~Appropriations2006-07
Limitation Exceeding Actual Appropriations 2006-07
$49,987,533
$24,520,076
$25,467,457
Historical Appropriations Limitations & Proceeds Of Taxes
I ~ Appropriation Umitation -- Actual Appropriations I
$60
$50
Ul $40
c::
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!5 $30
::E
.= $20
$10
$0
Fiscal Year
7 Actual Appropriations:
Cash Expenditures $19,757,076
Depreciation .,763,000
Total nditures 24,520,076