Resolution 2863-09
1 RESOLUTION NO. 2863-09
2 A RESOLUTION OF THE BOARD OF DIRECTORS OF
3 THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
ADOPTING THE SEWER ENTERPRISE FUND APPROPRIATIONS
4 SUBJECT TO LIMITATION AND PROCEEDS OF TAXES FOR
5 FISCAL YEAR 2009-10
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 X11B,
9 setting the method of computing annual appropriations subject to limitation of local non-
10 residential construction and population; and
11 WHEREAS, the Directors selected the change in per capita personal income;
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
14 WHEREAS, such legislation required documentation setting such appropriation
15 limitations shall be available to the public fifteen days prior to the adoption of this
16 resolution; and
17 WHEREAS, on May 5, 2009, 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 2009-10 are: $28,653,975; and that for Fiscal Year 2009-10,
21 the proceeds of taxes are defined in the enabling statues are: $7,247,001; and that the
22 increase in proceeds of taxes over the appropriations subject to limitations is: $-0.
23 PASSED AND ADOPTED at a duly held regular meeting of the Board of
24 Directors of the South Tahoe Public Utility District on the 4th day of June, 2009, by the
following vote:
25 AYES: Directors Mosbacher, Rise, Claudio, Jones, Schafer
26 None
NOES:
27 ABSENT: None
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1 Resolution No. 2863-09
2 June 4, 2009
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6 Ma ou osbacher, Board President
7 Sou Tahoe Public Utility District
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10 ATTEST:
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13 Kathy Sha Clerk of the oard
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SOUTH TAHOE PUBLIC UTILITY DISTRICT
Permitted Growth Rate in Appropriations for 2009-10
appropriation Limitation 2008-09 $5511679,511
Increase In CA Per Capita Personal Income
0.62 + 100.00= 1.0062
100
Increase In Population
El Dorado County
74 + 100.00= 1.0074
100
Change Ratio 1.0062 x 1.0074 x 1.0136
Appropriations Limitation for 2009-10 $56,436,752
^.tual Appropriations 2009-10 $2826539975
~kiitation Exceeding Actual Appropriations 2009-10 $2727822777
Historical Appropriations Limitations & Proceeds Of Taxes
--~-Appropriation Limitation -*-Actual Appro
priations
$60
$50
H $40
M $30
E $20
$10
$0
1992 1994- 1 2002
196182 199394 1995-99 1997-96 1999-00 2001-02 2003.04 2oDS~i 2007.08 2009
10
Fiscal Year
'9-10 Actual Appropriations:
Expenditures $23,539,950
Depreciation 5114 025
Total nditures $28,653,975