HomeMy WebLinkAbout2007-06-28 - Resolution No. 07-12RESOLUTION NO. 07-12
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
ADOPTING THE APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2007-2008
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 appropriation limit for each fiscal year;
and
WHEREAS, in June 1990, voters in the State of California approved Proposition
111 which amended Government Code Section 7900 et seq., modified
the method of calculating the appropriation limit and requires 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 limits for said year in compliance with the above provisions.
NOW THEREFORE BE IT RESOLVED that the Board of Directors of the Yorba
Linda Water District does hereby resolves, determine and orders as follows:
Section 1. That there is hereby adopted, pursuant to Article XIIIB of the California
Constitution and Government Code Section 7900 et seq., as amended
by Proposition 111, an appropriations limit for fiscal year 2007-2008 of
$4,887,249.
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 28th day of June, 2007 by the following called vote:
AYES: ARMSTRONG, BEVERAGE, COLLETT, MILLS, SUMMERFIELD
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
President, Ric Collett
Yorba Linda Water District
NTTEST:
secretary, ichael A. Payn
Yorba Linda Water District