HomeMy WebLinkAbout2024-06-27 - Resolution No. 2024-13 RESOLUTION NO. 2024-13
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
ADOPTING THE APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2024-25
WHEREAS, under the terms of Article XIIIB of the California Constitution and
Government Code Section 7900 et seq., all local agencies are
required to establish, by resolution, an appropriations limit for each
fiscal year; and
WHEREAS, in June 1990, voters in the State of California approved Proposition
III which amended Government Code Section 7900 et seq.,
modifying the method of calculation for the appropriations limit and
requiring all local agencies to select, by resolution, the annual
adjustment factors used to perform the calculations; and
WHEREAS, the District staff has performed the required calculations to
determine the limit for Fiscal Year 2024-25, in compliance with the
above provisions and made the documentation used in the
determination of the appropriations limit and other necessary
determinations available to the public at least. fifteen days prior to
the date of this meeting.
NOW THEREFORE BE IT RESOLVED by the Board of Directors of the Yorba Linda
Water District as follows:
Section 1. That there is hereby adopted, an appropriations limit for Fiscal Year
2024-25 of $9,630,821 .
Resolution No.2024-13 Adopting the Appropriations Limit for Fiscal Year 2024-25 1
Section 2. The annual adjustment factors are the weighted average
percentage change in the population of the cities within the District's
jurisdiction, and the percentage change in the California Per Capita
Income.
PASSED AND ADOPTED this 27th day of June 2024 by the following called vote:
AYES: Directors Barbre, Hawkins, Hernandez, and Lindsey
NOES: None
ABSTAIN: None
ABSENT: Director DesRoches
Tom Lindsey, Vice resident
Yorba Linda Water District
ATTEST:
Annie Alexander, Board Secretary
Yorba Linda Water District
Reviewed as to form by General Counsel:
Andrew B. Sagen, Esq.
Kidman Gagen Law LLP
Resolution No.2024-13 Adopting the Appropriations Limit for Fiscal Year 2024-25 2
YORBA LINDA WATER DISTRICT
ARTICLE XIIIB APPROPRIATIONS LIMIT CALCULATION
FY 2024/25
Fiscal Year: 2024/2025
Budget vs.Actual: Budget
FY 2023/24 Appropriations Limit $ 9,323,267
Adjustment Factors:
2024/25 Price Factor 3.62% 1.0362
2024/25 Population Factor -0.31% 0.9969
1.0330
FY2024/25 Appropriations Limit $ 9,630,821
Appropriations Subject to Limitation
Proceeds of Property Taxes $ 2,564,511
FY 2024/25 Appropriations Limit $ 9,630,821
Less Appropriations Subject to Limit $ 2,564,511
(Over)/Under Limit $ 7,066,310
In accordance with Article XIII B of the California Constitution and California Government
Code Section 7900 et. seq.,the attached calculation for the District's Appropriation Limit
for Fiscal Year 2025 has been posted and made available to the public as of May 14,2024.
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