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HomeMy WebLinkAbout03.d. Authorize public notice for appropriations Limit for the Sewer Construction FundCentral Contra Costa Sanitary District ' • BOARD OF DIRECTORS POSITION PAPER Board Meeting Date: July 31, 2014 Subject: AUTHORIZE A PUBLIC NOTICE TO INDICATE AVAILABILITY OF DOCUMENTATION IN SUPPORT OF THE DISTRICT'S APPROPRIATIONS LIMIT Submitted By. Initiating Dept. /Div.: Thea Vassallo, CPA, CMA Administrative / Finance & Accounting Finance Manager REVIEWED AND RECOMMENDED FOR BOARD ACTION: l I w t . V» K. Alm Roger S. 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 of the California Constitution. RECOMMENDATION: Authorize a public notice advertising that documentation used in the determination of the appropriations limit shall be available fifteen days prior to the Board Meeting to be held on September 4, 2014, at which the appropriations limit for the Sewer Construction and Debt Service Funds for Fiscal Year (FY) 2014 -15 will be established. FINANCIAL IMPACTS: None. ALTERNATIVES /CONSIDERATIONS: The appropriations limit can be calculated using the California per capita personal income percentage change or the local assessment roll due to local non - residential construction percentage change. BACKGROUND: Proposition 4 was approved on November 6, 1979, and was incorporated in the California Constitution as Article XIII B. As amended, Article XIII B imposes a limit on the rate of growth in governmental spending. Specifically, this limits the spending of tax revenue plus interest earned on tax revenue. (Tax revenue to the District comes from ad valorem taxes.) It limits appropriations of state and local governments to the appropriations of the 1978 -79 base year adjusted in each subsequent year for changes in the California per capita personal income from the preceding year or the percentage change in the local assessment roll from the preceding year due to the addition of local nonresidential new construction. Article XIII B requires government agencies to establish their appropriations limit by resolution each year at a regularly scheduled meeting. Notice to the public of availability of documentation in support of the appropriations limit must be given fifteen days prior to adoption. The appropriations limit is open to challenge within 45 days of the effective date of the resolution. C: \Users \danderson\AppData \Local \Microsoft \Windows \Temporary Internet Files\ Content .Outlook \DVCG8C5G \7 -31 -14 Authorize appropriation limits (2).doc POSITION PAPER Board Meeting Date: July 31, 2014 subject: AUTHORIZE A PUBLIC NOTICE TO INDICATE AVAILABILITY OF DOCUMENTATION IN SUPPORT OF THE DISTRICT'S APPROPRIATIONS LIMIT Methodology: The appropriations limit is increased annually by a factor comprised of the change in population combined with either (1) the change in California per capita personal income, or (2) the change in the local assessment roll due to local nonresidential construction. The Board is to select between the per capita personal income or the change in the local assessment roll due to local nonresidential construction by a recorded vote. The percentage change in California per capita personal income for FY 2014 -15 is - 0.23 %. In prior years, District staff would obtain the change in local assessment roll information from the County. The FY 2014 -15 change in the local assessment roll were not available from the County because it recently converted to a new computer system that does not create the Prop 111 report needed to report the local non - residential construction percentage change. The District was advised by the County to use the California per capita personal income method in its FY 2014 -15 calculation. Since the report is not available, the per capita factor will be used. In previous years, the District has consistently used the per capita method of calculation because historically it has been the larger of the two factors. A factor of 5.12% was used to calculate last year's appropriations limit of $88,919,318. Using the -0.23% factor, and after adjusting for the annual change in population, the appropriations limit for FY 2014 -15 is calculated to be $89,854,209. This limit is set on the District's proceeds of taxes. The District expects to receive approximately $13.7 million in ad valorem tax revenue for FY 2014 -15, which is well below the appropriations limit. COMMITTEE RECOMMENDATION: No Committee review is necessary for this matter. RECOMMENDED BOARD ACTION: Authorize a public notice advertising that documentation used in the determination of the appropriations limit shall be available fifteen days prior to the Board Meeting to be held on September 4, 2014, at which the appropriations limit for the use in Sewer Construction and Debt Service Funds (tax revenue plus interest) for FY 2014 -15 will be established. C:\ Users \d anderson\AppData \Local \Microsoft \Windows \Temporary Internet Files\ Content .Outlook \DVCG8C5G \7 -31 -14 Authorize appropriation limits (2).doc CENTRAL CONTRA COSTA SANITARY DISTRICT PUBLIC NOTICE The Board of Directors of the Central Contra Costa Sanitary District will, at its meeting to be held at the District Offices, 5019 Imhoff Place, Martinez, California, at 2 p.m. on September 4, 2014, consider the adoption of the Appropriations Limit for Fiscal Year 2014 -15 in accordance with Article XIII B (Proposition 4) of the State of California Constitution. Documentation in support of the Appropriations Limit is available at the District Offices, 5019 Imhoff Place, Martinez, for review by persons interested in this matter. Elaine R. Boehme, CIVIC Secretary of the District Central Contra Costa Sanitary District Contra Costa County, California Publish: August 21, 2014