Resolution 2577
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RESOLUTION NO. 2577
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
1993-94
WHEREAS, the people of the state of California have elected
4 to approve Constitutional Amendment XIIIB, and the Legislature of
5 the State of California has voted to adopt Senate Bill No. 1352,
6 which implements Constitutional Amendment XIIIB, setting the
7 method of computing annual appropriations subject to limitation
8 of local non-residential construction and population: and
9 WHEREAS, the Directors selected the change in per capita
10 personal income, and
WHEREAS, such legislation sets the base year for this
computation as Fiscal year 1978-1979, and
WHEREAS, such legislation determined the public hearing
process and required documentation setting such appropriation
limitations, and
WHEREAS, on May 20, 1993, such Hearings were held and
17 exhibits prepared and made public:
18 NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SOUTH TAHOE
19 PUBLIC UTILITY DISTRICT does find and neclare that the
20 appropriations subject to limitation for the Fiscal Year 1993-94
21 are: $24,956,750: and that for the Fiscal Year 1993-94, the
22 proceeds of taxes as defined in the enabling statutes are:
23 $9,521,275: and that the increase in proceeds of taxes over the
24 appropriations subject to limitations are: $-0-.
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RESOLUTION NO. 2577
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PASSED AND ADOPTED BY THE BOARD OF DIRECTORS of South Tahoe
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2 Public Utility District a duly held regular meeting on the
3 3rd day of June 1993, by the following vote:
4 AYES: Directors Pierini, Mosbacher, Onysko, Mason, Wallace
5 NOES: None
6 ABSENT: None
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16 ATTEST: {Jda ~~~
PAT A. MAMATH, CLERK OF BOARD
17 SOUTH TAHOE PUBLIC UTILITY DISTRICT
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LOU PIERINI, PRESIDENT OF BOARD
SOUTH TAHOE PUBLIC UTILITY DISTRICT
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SOUTH TAHOE PUBLIC UTILITY DISTRICT
\., Permitted Growth Rate in Appropriations for 1993-1994
Appropriation Limitation 1992-1993
$23,317,528
Increase In CA, Per Capita Personal Income
2.72 + 100,00 = 1.0272
100
Increase In Population
EI Dorado County
3,37 + 100.00 = 1,0337
100
Change Ratio
1,0703
x
1.0703
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Appropriations Limitation for 1993-1994
Actual Appropriations 1993-1994
Limitation Exceeding Actual Appropriations 1992-1993
$24,956,750
$12,521,275
$12,435,475
Historical Appropriations Limitations & Proceeds Of Taxes
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
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Fiscal Year
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1992-1993 Actual Appropriations:
Cash Expenditures $9,521,275
Depreciation $3,000,000
Total Expenditures $12,521,275