Resolution 2761-03
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RESOLUTION NO. 2761-03
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 2003-04
WHEREAS, the people of the State of California have elected to approve
Constitutional Amendment XIIIB, and the Legislature of the State of California has voted
to adopt Senate Bill No. 1352, which implements Constitutional Amendment XIIIB, setting
the method of computing annual appropriations subject to limitation of local non-residential
9 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 requires 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 15, 2003, such documentation was made public;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the South
Tahoe Public Utility District does find and declare that the appropriations subject to
limitation for the Fiscal Year 2003-04 are: $26,045,276; and that for Fiscal Year 2003-04,
the proceeds of taxes as defined in the enabling statues are: $4,404,101; and that the
increase in proceeds of taxes over the appropriations subject to limitations is: $-0.
PASSED AND ADOPTED at a duly held Regular Meeting of the Board of Directors
of the South Tahoe Public Utility District on the 5th day of June, 2003 by the following vote:
AYES: Directors Wallace, Schafer, Jones, Mosbacher
NOES: None
ABSENT: Seat No. 1 Vacant
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1 Resolution No. 2761-03
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