HomeMy WebLinkAbout1978-03-30 - Resolution No. 78-1841
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RESOLUTION NO. 78-18
RESOLUTION OF THE BOARD OF DIRECTORS
OF YORBA LINDA COUNTY WATER DISTRICT
DECLARING THE POLICY OF YORBA LINDA
COUNTY WATER DISTRICT WITI-,'. RESPECT TO
FUTURE DISTRICT TAXES FOR GENERAL FUND
PURPOSES.
WHEREAS, consideration of recent annexation proposals has
raised questions respecting future District taxes for pur-
poses other than the payment of indebtedness and respecting
the proper relationship between water revenues and tax
revenues when such revenues are used to pay for operation,
maintenance and other expenses of the District; and
WHEREAS, in the past general fund tax revenues have been
useful to provide fiscal stability in light of fluctuating
water sales and have also provided a method of assessing
a share of District expenses against properties which bene-
fit from water availability but do not actually contribute
to water revenue because water is not used on the premises;
and
WHEREAS, growth in the District has tended to stabilize
water demand so that water sales are a more dependable
source of revenue to cover the relatively fixed operating
maintenance, and other expenses of the District and has
also reduced the numbers of properties which have water
available but do not actually utilize water; and
WHEREAS, the District has generally reduced general fund
property tax rates in recent years as follows:
Fiscal Year
General Fund Tax
Rate/$100 A.V.
1973-1974
1974-1975
1975-1976
1976-1977
1977-1978
and
.2500
.2440
.2575
.2393
.2148;
WHEREAS, immediate elimination of general fund property
taxes will cause an extreme increase in water rates which
may cause hardship and economic dislocation within the Dis-
trict while a phased reduction of taxes and increase in
water rates will permit orderly budgetary adjustment by
water users.
NOW, THEREFORE, the Board of Directors of the Yorba Linda
County Water District does hereby RESOLVE, DECLARE, FIND,
DETEIMINE and ORDER as follows:
Section 1: The policy of the Yorba Linda County Water
District with respect to District property taxes for purposes
other than the payment of indebtedness is as follows:
(a) District general fund property tax revenues shall
be reduced in orderly and logical phases during
the next four fiscal _years so that by fiscal year
1982-1983 and thereafter the District general fund
taxes will be eliminated.
(b) The objective of this policy shall be to achieve
general fund tax revenues during the coming fiscal
years not to exceed the following:
Fiscal Year
1978-1979
1979-1980
1980-1981
1981-1982
1982-1983
and thereafter
General Fund Tax
Revenue
$256,000
192,000
128,000
64,000
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Section 2: The General Manager is hereby directed annually
in connection with budget preparation, to study water rates
and assessed value information and, based upon such study,
make recommendations to the Board concerning water rates and
the sums to be raised by general fund taxes to achieve com-
pliance with the policies set forth in this Resolution.
Section 3: In the event that in any fiscal year a Force
Majeure Deficit is incurred, the provisions of this Resolution
shall not apply to taxes levied by Yorba Linda County Water
District to provide for such deficit. As used in this
section, the term "Force Majeure Deficit" means a deficit
between Yorba Linda County Water District's actual revenues
and expenditures as previously estimated by Yorba Linda
County Water District for such fiscal year in accordance
with this Resolution, to the extent that the existence of
such a deficit is proximately caused by fire, flood, earth-
quake, drought, storm, strike or other industrial disturbance,
sabotage, war, insurrection or other civil disturbance, act
or requirement of any governmental unit or body, or any
similar cause or reason whatever which is beyond the control
of Yorba Linda County Water District and not reasonably fore-
seeable.
Adopted this 30thday
call vote:
AYES: DIRECTORS
NOES: DIRECTORS
ABSENT: DIRECTORS
ABSTAIN: DIRECTORS
of March, 1978, by the following roll
Knauft, Lindow, Korn and Clodt
None
Wagner
None
-President./
ATTEST:
(Z"z ej~e
Secreta~
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