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HomeMy WebLinkAbout06.d. Establish appropriations limit for FY 2015-16Central Contra Costa Sanitary District 6.d, BOARD OF DIRECTORS POSITION PAPER Board Meeting Date: September 3, 2015 Subject. ADOPT A RESOLUTION ESTABLISHING THE FISCAL YEAR 2015 -16 APPROPRIATIONS LIMIT, IN ACCORDANCE WITH ARTICLE XIII B OF THE CALIFORNIA CONSTITUTION Submitted By. Initiating Dept. /Div.: Thea Vassallo, CPA - Finance Manager Administration /Finance & Accounting REVIEWED AND RECOMMENDED FOR BOARD ACTION: - Kent 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, Government Spending Limitation, of the California Constitution. RECOMMENDATION: Adopt a resolution establishing the appropriations limit in the amount of $94,196,806 for the FY 2015 -16, 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. FINANCIAL IMPACTS: None. ALTERNATIVES /CONSIDERATIONS: None. BACKGROUND: On August 6, 2015 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 3, 2015 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 Fiscal Year (FY) 1986 -87, changed 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 local assessment roll due to local nonresidential construction. The Board must select between the two methods. Page 1 of 3 POSITION PAPER Board Meeting Date: September 3, 2015 subject: ADOPT A RESOLUTION ESTABLISHING THE FISCAL YEAR 2015 -16 APPROPRIATIONS LIMIT, IN ACCORDANCE WITH ARTICLE XIII B OF THE CALIFORNIA CONSTITUTION With regard to the change in local assessment roll due to nonresidential construction, the County used to provide that information, but after converting to a new computer system several years ago, the report needed to calculate the percentage change is no longer generated. In previous years, even when the report was available, the District has consistently used the per capita method of calculation because historically it has been the larger of the two factors. Using the 3.82% per capita personal income factor, and after adjusting for the annual change in population by 1.28 %, the appropriations limit for FY 2015 -16 is calculated to be $94,196,806. The total District ad valorem tax budgeted for FY 2015 -16 is $13.8 million, of which $10.0 million has been allocated to the Sewer Construction Fund and $3.8 million is dedicated for payment of the Debt Service Fund. Interest on total tax proceeds is estimated to be $13,000. Therefore, tax proceeds allocated to the Sewer Construction and Debt Service Funds, plus total interest earned, will be approximately $13,813,000, which is significantly below the appropriations limit of $94,196,806. COMMITTEE RECOMMENDATION: No Committee review is necessary for this matter because 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 $94,196,806 for the FY 2015 -16, 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 Supporting Document: 1. Proposed Resolution Page 2 of 3 ATTACHMENT 1 RESOLUTION NO. 2015 -0,Zq A RESOLUTION ESTABLISHING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2015 -16 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 2015 -16 to be $94,196,806; 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 $94,196,806 for the fiscal year ending June 30, 2016, based upon the selection of the percentage change in the California per capita personal income. PASSED AND ADOPTED this 3rd day of September, 2015, by the Board of Directors of the Central Contra Costa Sanitary District by the following vote: AYES: Members: NOES: Members: ABSENT: Members: Michael R. McGill, P.E. 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