Resolution 2911-12 1 RESOLUTION NO. 2911-12
2 A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
3 ADOPTING THE SEWER ENTERPRISE FUND APPROPRIATIONS
4 SUBJECT TO LIMITATION AND PROCEEDS OF TAXES FOR
FISCAL YEAR 2012-13
5
WHEREAS, the people of the State of California have elected to approve
6
Constitutional Amendment XIIIB, and the Legislature of the State of California has voted
7 to adopt Senate Bill No. 1352, which implements Constitutional Amendment XIIIB, setting
8 the method of computing annual appropriations subject to limitation of local non-
9 residential construction and population; and
10 WHEREAS, the Directors selected the change in per capita personal income; and
11 WHEREAS, such legislation sets the base year for this computation as Fiscal Year
12 1978-79; and
13 WHEREAS, such legislation required documentation setting such appropriation
14 limitations shall be available to the public fifteen days prior to the adoption of this
15 resolution; and
WHEREAS, on May 2, 2012, such documentation was made public:
16
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the South Tahoe
17 Public Utility District does find and declare that the appropriations subject to limitation
18 for Fiscal Year 2012-13 are: $25,243,661; and that for Fiscal Year 2012-13, the proceeds
19 of taxes as defined in the enabling statues are: $6,692,720; and that the increase in
20 proceeds of taxes over the appropriations subject to limitations is: $-0.
21 PASSED AND ADOPTED at a duly held regular meeting of the Board of Directors of
22 the South Tahoe Public Utility District on the 7th day of June, 2012, by the following vote:
23 AYES: Cefalu, Jones, Vogelgesang, Sheehan
24
NOES: None
ABSENT: Schafer
25
Er • Schafer, Boa'd 'resident
26 •uth Tahoe Pu *' Utility District
27 ATTEST:
28
29 —_ s AP.
30 Kathy Sharpie erk of the Bard
SOUTH TAHOE PUBLIC UTILITY DISTRICT
Permitted Growth Rate in Appropriations for 2012-13
Appropriation Limitation 2011-12 $57,365,259
Increase In CA Per Capita Personal Income
3.77 + 100 = 1.0377
100
Increase In Population
El Dorado County
.13 + 100 = 1.0013
100
Change Ratio 1.0377 x 1.0013 x 1.0390
Appropriations Limitation for 2012-13 $59,602,504
Actual Appropriations 2012-13 $25,243,661
Limitation Exceeding Actual Appropriations 2012-13 $34,358,843
Historical Appropriations Limitations & Proceeds Of Taxes
+Appropriation Limitation —III—Actual Appropriations
$60
$50
.g$40 '
$30
c
$20 -.
$10
$0
1994-95 1996-97 1998-99 'x1 2000-01 2002-03 2004-05 I 2006-07 1 2008-09 1 2010-11 2012-13
1993-94 1995-96 11997-98 1999-00 2001-02 2003-04 2005-06 2007-08 2009-10 2011-12
Fiscal Year
2012-13 Actual Appropriations:
Cash Expenditures $20,813,022
Depreciation $4,430,639
Total Expenditures $25,243,661