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HomeMy WebLinkAbout04.d. Establish appropriations limit for Fiscal Year 2013-14Central Contra Costa Sanitary District ' BOARD OF DIRECTORS • POSITION PAPER Board Meeting Date: September 5, 2013 Subject: ADOPT A RESOLUTION ESTABLISHING THE FISCAL YEAR 2013 -2014 APPROPRIATIONS LIMIT, IN ACCORDANCE WITH ARTICLE XIII B OF THE CALIFORNIA CONSTITUTION Submitted By: Initiating Dept. /Div.: Thea Vassallo, CPA, CMA, Finance Manager Administrative /Finance & Accounting n REVIEWED AND RECOMMENDED FOR BOARD ACTION: K. Alm R. Bailey Counsel for the District General Manager ISSUE: The Central Contra Costa Sanitary District is required to establish its appropriations limit in accordance with Article XIII B, Government Spending Limitation, of the California Constitution. RECOMMENDATION: Adopt a resolution establishing the appropriations limit in the amount of $88,919,318 for the Fiscal Year (FY) 2013 -14, in accordance with Article XIII B of the California Constitution; select the change in the California per capita personal income percentage for use in computing the appropriations limit. FINANCIAL IMPACTS: None. ALTERNATIVES /CONSIDERATIONS: None. BACKGROUND: On August 1, 2013, the Board of Directors authorized posting a public notice of availability of documentation in support of the District's appropriations limit. As statutorily required, the public notice was published at least 15 days prior to the September 5, 2013 Board Meeting, at which the adoption of the appropriations limit is to be considered. California's State appropriations limit, originally established by Proposition 4 in 1979, places an "upper limit" each year on the amount of monies that can be spent from State tax proceeds received. The annual limit is based on the amount of tax proceeds that were authorized to be spent in FY 1986 -87, changed annually by a factor comprised of the change in population combined with either the change in California per capita personal income or the percentage change in the local assessment roll from the preceding year due to local nonresidential construction. The Board must select between the per capita personal income, or the change in the local assessment roll due to local non - residential construction, by a recorded vote. Last year, the County Assessor determined that the non - residential construction index for FY 2012 -13 was not available and the report is again unavailable for FY 2013 -14. The Board approved the use of the change in the California per capita personal income percentage for the calculation of the previous fiscal year's appropriations limit. C:\ Users \danderson\AppData \Local \Microsoft \Windows \Temporary Internet Files \Content.Outlook \DVCG8C5G\Adopt Appropriations Limits 09 -05 -2013 (2).doc Page 1 of 3 POSITION PAPER Board Meeting Date: September 5, 2013 Subject. ADOPT A RESOLUTION ESTABLISHING THE FISCAL YEAR 2013 -2014 APPROPRIATIONS LIMIT, IN ACCORDANCE WITH ARTICLE XIII B OF THE CALIFORNIA CONSTITUTION The California per capita personal income percentage change is 5.12% and is being used in the calculation of FY 2013 -14 appropriations limit. The appropriations limit computed is $88,919,318 for FY 2013 -14. The total District Ad Valorem Tax budgeted for FY 2013 -14 is $13.7 million, of which $8.1 million has been allocated to the Sewer Construction Fund and $5.6 million is dedicated for payment of the Debt Service Fund. Interest on total tax proceeds is estimated to be $17,100. Therefore, tax proceeds allocated to the Sewer Construction and Debt Service Funds, plus total interest earned, will be approximately $13,717,100, which is significantly below the appropriations limit of $88,919,318. COMMITTEE RECOMMENDATION: No Committee review is necessary for this matter as establishment of the appropriations limit is statutorily mandated under Article XIII B of the California Constitution entitled Government Spending Limitation. RECOMMENDED BOARD ACTION: Adopt a resolution establishing the appropriations limit in the amount of $88,919,318 for the FY 2013 -14, in accordance with Article XIII B of the California Constitution, using the change in the California per capita personal income percentage for use in computing the appropriations limit. Attached Supportinq Document: 1. Proposed Resolution C:\ Users\ danderson\AppData \Local\Microsoft \Windows \Temporary Internet Files \Content.Outlook \DVCG8C5G\Adopt Appropriations Limits 09 -05 -2013 (2).doc2 Page 2 of 3 RESOLUTION NO. 2013 -OW1,40 Attachment 1 A RESOLUTION ESTABLISHING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2013 -14 WHEREAS, the Central Contra Costa Sanitary District is required under Article XIII B of the State of California Constitution to establish and adopt an Appropriations Limit for each fiscal year; WHEREAS, the District has determined the Appropriations Limit of its Sewer Construction and Debt Service Funds for Fiscal Year 2013 -14 to be $88,919,318; and WHEREAS, the selection of the alternative growth factor between the per capita personal income or the change in the local assessment roll due to local non - residential construction must be made by recorded vote. NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the Central Contra Costa Sanitary District does hereby adopt the Appropriations Limit for said Funds in the amount of $88,919,318 for the fiscal year ending June 30, 2014, based upon the selection of the percentage change in the California per capita personal income. PASSED AND ADOPTED this 5th day of September 2013, by the Board of Directors of the Central Contra Costa Sanitary District by the following vote: AYES: Members: NOES: Members: ABSENT: Members: James A. Nejedly President of the Board of Directors Central Contra Costa Sanitary District County of Contra Costa, State of California COUNTERSIGNED: Elaine R. Boehme, CMC Secretary of the District Central Contra Costa Sanitary District County of Contra Costa, State of California Approved as to form: Kenton L. Alm, Esq. Counsel for the District C:\ Users \danderson\AppData \Local \Microsoft \Windows \Temporary Internet Files \Content.Outlook \DVCG8C5G\Adopt Appropriations Limits 09 -05 -2013 (2).doc Page 3 of 3