HomeMy WebLinkAbout2004-11-23 - Resolution No. 04-06RESOLUTION NO. 04-06
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
ADOPTING THE APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2004-2005
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, determines 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 2004-2005 of
$3,897,010.
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 23rd day of November, 2004, by the following called
vote:
Ayes: Armstrong, Beverage, Korn, Summerfield, Mills
Noes: None
Absent: None
Abstain: None
President, William
. Yorba Linda Water Distric
ATTEST:
Secretary, Michael A. Payn
Yorba Linda Water District