HomeMy WebLinkAbout2025-06-12 - Resolution No. 2025-07RESOLUTION NO. 2025-07
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
ADOPTING THE APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2025-26
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 111
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 2025-26, 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 2025-26
of $10,268,473.
SECTION 2. The annual adjustment factors are the weighted average percentage
change in the population of the cities within the District's jurisdiction and
the percentage change in the California Per Capita Income.
PASSED AND ADOPTED this 12 th day of June 2025 by the following called vote:
AYES: Directors Barbre, DesRoches , Hernandez, Lindsey, and Scott
NOES:
ABSTAIN:
ABSENT:
None ~~\ None
None
ATTEST:
e_:;¥ ~~
Annie Alexander, Board Secretary
Yorba Linda Water District
Reviewed as to form by General Counsel:
~~ An ~rewB.~gen, Esq.
Kidman Gagen Law LLP
Tom Lindsey, President
Yorba Linda Water District
Resolution No. 2025 -07 Adopting the Appropriations Limit for Fiscal Year 2025-26
Fiscal Year: 2025/2026
Budget vs. Actual: Budget
FY 2024/25 Appropriations Limit 9,630,821$
Adjustment Factors:
2025/26 Price Factor 6.44% 1.0644
2025/26 Population Factor 0.17% 1.0017
1.0662
FY2025/26 Appropriations Limit 10,268,473$
Appropriations Subject to Limitation
Proceeds of Property Taxes 2,602,978$
FY 2025/26 Appropriations Limit 10,268,473$
Less Appropriations Subject to Limit 2,602,978$
(Over)/Under Limit 7,665,495$
______________
Christine McIlrevey
Finance Manager
ARTICLE XIIIB APPROPRIATIONS LIMIT CALCULATION
FY 2025/26
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 2026 has been posted and made available to the public as of May 22, 2025.
YORBA LINDA WATER DISTRICT