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MID-PENINSULA WATER DISTRICT
NOTICE OF DETERMINATION OF APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2011 - 2012
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 2011-2012 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 July 28, 2011.
1. Appropriations limit for fiscal year 2010 - 2011 $2,367,251
2. Population change (January 1, 2010 - January 1, 2011) .72%
3. Change in California per Capita Personal Income
Fiscal Year 2010 - 2011 2.51%
4. Fiscal year 2011 - 2012 adjustment factor
(1.0072 x 1.0251) 1.0325
5. Fiscal year 2011 - 2012 appropriations limit
(2,367,251 x 1.0325) $2,444,187
Dated: July 6, 2011 |
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