Calendar  |  Contact us  |  View/Pay My Bill  |  Related Links  |  New Service Request 
Mid-Peninsula Water
 · About MPWD
 · Contact Us
    ·
Payment methods
    ·
Water Use
    ·
Conservation Hints
    ·
Reading Your Meter
    ·
Toilet / Clothes Washer Rebates
 · Education
 · FAQ's
 · Budget
    ·
Job Descriptions
    ·
BAWSCA Board of Directors Meeting
    ·
BAWSCA Board Policy Committee Meeting

 

NOTICE OF DETERMINATION OF APPROPRIATIONS LIMIT

FOR FISCAL YEAR 2008 - 2009

 

 

State law (Section 7910 of the Government Code) requires each local government agency to determine during each fiscal year the appropriations limit pursuant to Article XIIIB of the California Constitution applicable during the following fiscal year.  The limit must be adopted at a regularly scheduled meeting or a noticed special meeting and the documentation used in determining the limit must be made available for public review fifteen days prior to such meeting.

 

Set out below is the methodology proposed to be used to calculate the fiscal year 2008-2009 appropriations limit for the District.  The limit as set forth below will be considered and adopted at the meeting of the Board of Directors on June 26, 2008.

 

 

1.     Appropriations limit for fiscal year 2007 - 2008                               $     2,244,574

 

2.     Population change (January 1, 2007 - January 1, 2008)                                     1.12%

 

3.     Change in California per Capita Personal Income

            Fiscal Year 2007 - 2008                                                                                  4.29%

 

4.     Fiscal year 2008 - 2009 adjustment factor

      (1.0112 x 1.0429)                                                                                                  1.0546

 

5.     Fiscal year 2008 - 2009 appropriations limit

      ( 2,244,574 x 1.0546)                                                                             $    2,367,128

 

Dated: June 11, 2008

 



Home | View/Pay My Bill | New Service Request | Contact Us
Copyright © 1998-2008 Mid-Peninsula Water All Rights Reserved.

 


  Home | Printer-friendly format | Top of Page  
 
Powered by WebPress