TO: Board of Supervisors
FROM: Tracy Schulze - Auditor-Controller
REPORT BY: Georgina Panganiban - Accountant-Auditor Manager
SUBJECT: 2024-25 Appropriation Limit for Lake Berryessa Resort Improvement District
RECOMMENDATION
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Adopt a Resolution establishing the Fiscal Year 2024-25 appropriation limit and revenues subject to the limit for the Lake Berryessa Resort Improvement District as required by Article XIIIB of the California Constitution. (No Fiscal Impact; Mandatory)
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BACKGROUND
Article XIIIB of the California Constitution requires the Lake Berryessa Resort Improvement District establish an appropriation limit on an annual basis. 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 revenues from those sources the District anticipates receiving in the fiscal year. The limit may be adjusted to account for such things as emergencies and is adjusted annually based on changes in the cost of living and population. The limit may also be adjusted by a vote of the electors of a particular local government agency. In certain instances when the revenue subject to the appropriation limit exceeds the limit itself, tax revenues are required to be returned to local taxpayers.
On March 5, 2024, residents held a special election to approve a new four-year appropriations limit base amount for the District. Measure U successfully passed and established the District's new appropriation limit of $510,000. The new limit is to be adjusted annually to the extent authorized by Article XIIIB, Section 1, for Fiscal Years 2025-26 through 2027-28.
The attached Resolution establishes the Fiscal Year 2024-25 appropriations limit of $510,000 and the revenues subject to that limit of $418,780.
Requested Action:
Adopt a Resolution establishing the Fiscal Year 2024-25 appropriation limit and revenues subject to the limit for the Lake Berryessa Resort Improvement District as required by Article XIIIB of the California Constitution.
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 District's 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.