TO: Napa County Flood Control and Water Conservation District
FROM: Tracy Schulze - Auditor-Controller
REPORT BY: Georgina Panganiban - Accountant-Auditor Manager
SUBJECT: 2024-25 Appropriation Limit for Community Facilities District-Oakville to Oak Knoll Maintenance, Monitoring, and Restoration Project
RECOMMENDATION
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Adopt a Resolution establishing the Fiscal Year 2024-25 appropriation limit and estimated revenues subject to the limit for the Community Facilities District-Oakville to Oak Knoll Maintenance, Monitoring, and Restoration Project (CFD OVOK) as required by Article XIIIB of the California Constitution. (No Fiscal Impact; Mandatory)
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BACKGROUND
The annual appropriation limit is calculated in accordance with Article XIIIB of the California Constitution and is the amount the District could spend that is funded by certain taxes and State subventions, while the revenues subject to that limit is the amount of revenue from those sources the District anticipates receiving in the fiscal year. In certain instances when the revenues subject to the limit exceed the appropriation limit, tax revenues are required to be returned to local taxpayers.
On January 6, 2015, the property owners of Napa Flood Control and Water Conservation District Community District No. 2014-01 approved the formation of Napa County Flood Control and Water Conservation Community Facilities District (for the Oakville to Oak Knoll Maintenance, Monitoring, and Restoration Project ("Community Facilities District") setting the appropriation limit for the District at $2,000,000 per fiscal year.
Requested Action:
Adopt a resolution establishing the appropriations limit for fiscal year 2024-25 at $2,000,000, with estimated revenues subject to that limit of $120,010.
FISCAL IMPACT
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Is there a Fiscal Impact? |
No |
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Is it currently budgeted? |
Yes |
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Where is it budgeted? |
The estimated appropriation limit is considered when preparing the requested budget. |
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Is it Mandatory or Discretionary? |
Mandatory |
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Is the general fund affected? |
No |
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Future fiscal impact: |
The appropriation limit is required to be approved each fiscal year. |
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Consequences if not approved: |
Failing to establish an appropriation limit each fiscal year would put the District in violation of the State Constitution. |
ENVIRONMENTAL IMPACT
ENVIRONMENTAL DETERMINATION: The proposed action is not a project as defined by 14 California Code of Regulations 15378 (State CEQA Guidelines) and therefore CEQA is not applicable.