Resolution 2883-10 1 RESOLUTION NO. 2883 -10
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 2010 -11
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
13
Year 1978 -79; and
14 WHEREAS, such legislation required documentation setting such appropriation
kV 15 limitations shall be available to the public fifteen days prior to the adoption of this
16 resolution; and
17 WHEREAS, on May 6, 2010, 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 2010 -11 are: $31,334,323; and that for Fiscal Year 2010 -11,
21 the proceeds of taxes are defined in the enabling statues are: $7,414,001; 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
Directors of the South Tahoe Public Utility District on the 3rd day of June, 2010, by the
24
following vote:
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AYES: Directors Cefalu, Jones, Mosbacher, Rise, Schafer
26
NOES: None
27 ABSENT: None
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tre 1 Resolution No. 2883 -10
June 3, 2010
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6 Dale Rise, Board President
7 South Tahoe Public Utility District
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10 ATTEST:
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13 Kathy Sh Clerk of tl Board
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toe 29
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SOUTH TAHOE PUBLIC UTILITY DISTRICT
Permitted Growth Rate in Appropriations for 2010 -11
to
Appropriation Limitation 2009 -10 $56,436,752
,
Increase In CA Per Capita Personal Income
-2.54 + 100= 0.9746
100
Increase In Population
El Dorado County
.73 + 100.00= 1.0073
100
Change Ratio 0.9746 x 1.0073 x 0.9817
Appropriations Limitation for 2010 -11 $55,403,959
tctual Appropriations 2010 -11 $31,334,323
Limitation Exceeding Actual Appropriations 2010 -11 $24,069,636
Historical Appropriations Limitations & Proceeds Of Taxes
—o—Appropriation Limitation --e— Actual Appropriations]
$60
$50
cp $40
0
$30
E $20
$10
$0
1992.40 1994- 1996 -9 1998 -•" 2000 -0 2002.0• 2004 - 2006 -0 2008 -4 2010-1
1991 -92 1993 -94 1995 -96 1997 -98 1999-00 2001 -02 2003 -04 2005 -06 2007 -08 2009 -10
Fiscal Year
z
-
10 -11 Actual Appropriations:
ash Expenditures $26,730,316
Depreciation $4,604,007
Total Expenditures $31,334,323