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HomeMy WebLinkAbout1991-08-22 - Resolution No. 91-240 0 RESOLUTION NO. 91-24 RESOLUTION OF THE BOARD OF DIRECTORS OF THE YORBA LINDA WATER DISTRICT READOPTING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 1990-91 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 resolve, determine and order 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 1990-91 of $1,997,820. 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 22nd day of August, 1991 by the following called vote: AYES: 5- M. ROY KNAUFT, JR., PAUL ARMSTRONG, ARTHUR C. KORN, STERLING FOX, NOES: 0 AND CARL SCANLIN ABSENT: O ABSTAIN 0 ATTES S cretary, Yorba Linda Water District Presiden`t' 4 Yorba Linda Water District