HomeMy WebLinkAbout2006-06-22 - Resolution No. 06-03RESOLUTION NO. 06-03
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
ADOPTING THE APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2006-2007
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 2006-2007 of $4,638,629.
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 June, 2006, by the following called
vote:
Ayes: Armstrong, Beverage, Collett, Mills, Summ ield
Noes: None
Absent: None
Abstain: None
Pr4sident, Paul R. Arffistrong.
Yorba Linda Water District
ATTEST:
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Secretary, Michael A. Payne
Yorba Linda Water District