Resolution 2832-07
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RESOLUTION NO. 2832-07
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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;
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 2007-08
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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
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WHEREAS, on May 19, 2007, 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 2007-08 are: $24,520,076; and that for Fiscal Year 2007-08,
21 the proceeds of taxes are defined in the enabling statues are: $6,612,001; and that the
22 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 th day of June, 2007, by the
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following vote:
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AYES: Directors Wallace, Schafer, Farrell, Mosbacher
26 NOES: None
27 ABSENT: Director Jones
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1 Resolution No. 2832-07
\..r 2 June 7, 2007
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9 ATTEST:
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SOUTH TAHOE PUBLIC UTILITY DISTRICT
Permitted Growth Rate in Appropriations for 2007-08
~propriation Limitation 2006-07 $49,987,533
Increase In CA Per Capita Personal Income
4.42 + 100.00=
100
1.0442
Increase In Population
EI Dorado County
1.15 + 100.00=
100
1.0115
Change Ratio 1.0442 x 1.0115
x
1.0562
Appropriations Limitation for 2007-08
-\.,ual Appropriations 2007-08
Limitation Exceeding Actual Appropriations 2007-08
$52,796,832
$31,329,875
$21,466,957
Historical Appropriations Limitations & Proceeds Of Taxes
I ~ Appropriation Limitation - Actual Appropriations I
$60
$50
~ $40
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@ $30
:::!!:
.= $20
$10
$0
988-8 1990-9 1992,9 1994-9 1996-9 1998,9 2000-0 2002-0 2004-0 2006-0
1989-90 1991-92 1993-94 1995-96 1997-98 1999-00 2001-02 2003-04 2005-06 2007-
08
Fiscal Year
1.'.08 Actual Appropriations:
~ Expenditures $26.366.875
Depreciation $4,963,000
Total Ex enditures $31,329,875