TO: Board of Supervisors
FROM: Tracy Schulze - Auditor-Controller
REPORT BY: Georgina Panganiban - Accountant-Auditor Manager
SUBJECT: FY 2024-25 Appropriation Limit for Community Facilities District 2012-1 for MST
RECOMMENDATION
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Adopt a Resolution establishing the Fiscal Year 2024-25 appropriation limit and estimated revenue subject to the limit for the Napa County Community Facilities District 2012-1 for the Milliken-Sarco-Tulocay (MST) Recycled Water Pipeline Project, as required by Article XIIIB of the California Constitution. (No Fiscal Impact; Mandatory)
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BACKGROUND
On October 23, 2012, the Board of Supervisors approved the formation of the Community Facilities District (CFD) 2012-1 for the MST Recycled Water Pipeline Project.
Article XIIIB of the California Constitution requires the Board of Supervisors, when acting as the governing board of a special district, to annually establish appropriation limits for that special district. The appropriation limit is the amount the CFD 2012-1 MST could spend that is funded by certain taxes and state subventions, while the revenue subject to the limit is the amount of revenue from those sources the District anticipates actually receiving in the fiscal year. The included correspondence provides information on how the appropriation limit was calculated in accordance with Article XIIIB of the California Constitution.
The attached resolution establishes the Fiscal Year 2024-25 appropriation limit of $3,023,400,527 and the estimated revenue subject to that limit of $431,876 using the change in the non-residential new construction growth factor for the calculation.
Requested Action: Adopt a Resolution establishing the Fiscal Year 2024-25 appropriation limit and estimated revenue subject to the limit for the Napa County Community Facilities District 2012-1 for the Milliken-Sarco-Tulocay (MST) Recycled Water Pipeline Project, as required by Article XIIIB of the California 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.
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 recommended 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 Napa County Community Facilities District 2012-1 MST in violation of the State Constitution. |