Resolution 2847-08
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RESOLUTION NO. 2847-08
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 2008-09
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6 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
limitations shall be available to the public fifteen days prior to the adoption of this
resolution; and
17 WHEREAS, on May 7,2008, such documentation was made public:
18 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 2008-09 are: $34,002,425; and that for Fiscal Year 2008-09,
21 the proceeds of taxes are defined in the enabling statues are: $7,105,001; and that the
22 increase in proceeds of taxes over the appropriations subject to limitations is: $-0.
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PASSED AND ADOPTED at a duly held regular meeting of the Board of
Directors of the South Tahoe Public Utility District on the 5th day of June, 2008, by the
following vote:
Directors Mosbacher, Rise, Schafer
None
Directors Jones, Claudio
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1 Resolution No. 2847-08
2 June 5, 2008
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10 ATTEST:
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a Lou Mosbacher, Board President
South Tahoe Public Utility District
SOUTH TAI-IOE PUBLIC UTILITY DISTRICT
Permitted Growth Rate in Appropriations for 2008-09
~propriation Limitation 2007-08 $52,811,829
Increase In CA Per Capita Personal Income
4.29 + 100.00=
100
1.0429
Increase In Population
EI Dorado County
1.1 + 100.00= 1.011
100
Change Ratio 1.0429 x 1.011
x
1.0543
Appropriations Limitation for 2008-09
o~ -mud Appropriations 2008-09
~tation Exceeding Actual Appropriations 2008-09
$55,679,511
$34,002,425
$21,677,086
Historical Appropriations Limitations & Proceeds Of Taxes
I-+- Appropriation Limitation - Adual Appropriations I
$60
$50
~ $40
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== $30
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.5 $20
$10
$0
Fiscal Year
"8-09 Actual Appropriations:
expenditures $29,088,400
Depreciation ~
Total ndltures ~