HomeMy WebLinkAbout2018-06-26 - Resolution No. 18-18 RESOLUTION NO. 18-18
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
ADOPTING THE APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2019
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 2019, 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, 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 2019 of$7,333,078.
Section 2. The annual adjustment factors are the weighted average percentage
change in the population of the cities within the District's jurisdiction, and
the percentage change in the California Per Capita Income.
Resolution No.18-18 Adopting the Appropriations Limit for FY19 1
PASSED AND ADOPTED this 26th day of June 2018 by the following called vote.-
AYES:
ote:AYES: Directors Hall, Hawkins, Jones, Miller, and Nederhood
NOES: None
ABSTAIN: None
ABSENT: None
AIfe/d' hood, President
Y rba Linda Water District
ATTEST:
Annie Alexander, Board Secretary
Yorba Linda Water District
Reviewed as to form by General Counsel:
Andrew B. Gagen, E
Kidman Gagen Lav�i LLP
Resolution No.18-18 Adopting the Appropriations Limit for FY19 2
APPROPRIATIONS SUBJECT
TO LIMITATION
Special District: Yorba Linda Water District
Fiscal Year: 2018-2019
Budget vs.Actual: Budget
REVENUE AMOUNT SOURCE
A. LAST YEAR'S LIMIT 7,025,0091
B. ADJUSTMENT FACTORS I I
1. Population % 0.69% 1.0069 (Weighted Avg Calc)
2. Inflation % 3.67% 1.0367 (State Finance)
Total Adjustment% 1.04391(b1"b2)
C. ANNUAL ADJUSTMENT$
BUDGET 7,333,0781 B"A
D. OTHER ADJUSTMENTS
sub total
E. TOTAL ADJUSTMENTS 7,333,0781(C+D)
F. THIS YEAR'S LIMIT 7,333,0781(A+E)