Resolution 2435 r1 � J
� RESOLUTION NO. 2435
� A RESOLUTION OF THE BOARD OF DIRECTORS
� 2 OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
ADOPTING THE SEWER ENTERPRISE FUND APPROPRIATIONS
3 SUBJECT TO LIMITATION AND PROCEEDS OF TAXES FOR
FISCAL YEAR 1987-1988
4 WHEREAS, the people of the State of California have elected
5 to approve Constitutional Amendment XIIIB, and the Legislature of
s the State of California has voted to adopt Senate Bill No. 1352,
7 which implements Constitutional Amendment XIIIB, setting the
8 method of computing annual appropriations subject to limitation,
9 changes in the per capita personal income, population and cost of
10 living; and
1� WHEREAS, such legislation sets the base year for this compu-
12 tation as Fiscal Year 1978-1979, and
1 3 WHEREAS, such legislation determined the public hearing
� 14 process and required documentation setting such appropriation
15 limitations, and
�s WHEREAS, on June 4, 1987, such Hearings were held and exhi-
» bits prepared and made public;
18 NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SOUTH TAHOE
19 PUBLIC UTILITY DISTRICT does find and declare'that the appropri-
20 ations subject to limitation for the Fiscal Year 1987-1988 are:
21 $14,453,709;
22 and that for Fiscal Year 1987-1988 the
, proceeds of taxes as
23 defined in the enabling statutes are: $8,861,000;
24 and that the increase in proceeds of taxes over the appropria-
25 tions subject to limitation are: $- 0-.
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` ~ � Y � Resolution No. 2435
Page Two
j PASSED AND ADOPTED at a duly held regular meeting of the
� 2 Board of Directors of the South Tahoe Public Utility District
3 on the 4th day of June, 1987, by the following vote:
g AYES: Directors Wynn, Mason, Madden, Jones
5 NOES: None
s ABSENT: Director Olson
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JOHN N, CHAIRM OF THE BOARD
1] SOUTH HOE PUBLIC UTILITY DISTRICT
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19 ATTEST:
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16 � 17 ; G� � i�����:�Z� `
PAT A. MMATH, CLERK OF BOARD
18 SOUTH TAHOE PUBLIC UTILITY DISTRICT
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r r _:.,,� Attachment to Resolution No. 2435
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- CHAIRMAN
SOUTH TAHOE PUB�IC UTILITY DISTRICT JOHN WYNN
Sswa .1950 .Weter APUBLICAGENCV DIREC70RS
ROBERT MASON
P.O. Box AU South Lake Tahoe, California 95705 Phone (916) 544-6474 JAMES R. JONES
MICKEY MADDEN
1275 Meadow Cfest Drive WAL7ER ��NEAL�� OLSON
• WORK SHEET FOR SOUTH TAHOE PUBLIC UTILITY DISTRICT
�.. PERMITTED GROWTH RATE IN APPROPRIATIONS FOR 1987-88
APPROPRIATIONS LIMITATION 1986-87 $ 13,472,883
INCREASE IN CPI = 3.04 + 100.00 = 103.04
INCREASE IN POPULATION X
EL DORADO COUNTY
4.11 + 100.00 = 104.11
107.28
FACTOR TO BE APPLIED TO 1987-1988 ,
APPROPRIATIONS LIMITATION X �107.28
Appropriations Limitation for $ 14,453,709
APPROPRIATIONS SUBJECT TO LIMITATION AND
PROCEEDS OF TAXES FOR FISCAL YEARS
� FISCAL APPROPRIATIONS ACTUAL PROCEED5
YEAR 5UBJECT TO APPROPRIATIONS OF TAXES
LIMITATION
1978-79 5,119,295 5,119,295 4,651,510
1979-80 6,212,732 5,345�,000 4,881,586
1980-81 7,518,656 7,346,417 6,088,101
1981-82 8,938,797 8,002,145 7,265,052
1982-83 10,032,012 8,434,263 7,658,000
1983-84 10,678,074 9,858,866 8,915,300
1984-85 11,437,285 9,902,600 8,947,600
1985-86 12,440,335 9,163,000 7,948,000
1986-87 13,472,883 9,816,790 8,459,000
1987-88 14,453,709 10,301,000 8,861,000
*Per 1987-88 Budget Summary
Revenues 8,861,000
Total Expenditures . 8,428,000
Depreciation 1,440,000
Transfers to Fixed Asset 433,000
Replacement Fund
� 10,301,000