Reso 0266-08/1966 RESOLUTION NO. 266
RESOLUTION OF THE BOARD OF DIRECTORS OF TIlE
SAN MARCOS COUNTY WATER DISTRICT ESTI~ATING
THE MINIMUM kMOUNT OF MONEY REQUIRED TO BE
RAISED BY TAXATION FOR THE FISCAL YEAR 1966-
1967 TO PROVIDE FOR THE PAYMENT OF INTEREST
AND PRINCIPAL ON ITS BONDED DEBT AND CLAIMS
AGAINST TIlE DISTRICT AND EXPENSES TO BE IN-
CURRED BY THE DISTRICT.
BE IT RESOLVED by the Board of Directors of the San Marcos County
Water District as follows:
WHEREAS, the Board of Directors of the San Marcos County Water District
is required to furnish the Board of Supervisors of the County of San Diego,
and the County Auditor of said County, with a statement containing the in-
formation, facts and estimates required by Section 31701 of the Water Code
of the State of California,
WHEREAS, San Marcos County Water District has heretofore incurred a
bonded debt in the principal amount Of $2,248,000 for Lhe benefit Of the
whole district and the district will be required to make payments of interest
and the principal on said bonded debt during the present fiscal year, and
WHEREAS, San Marcos County Water District Improvement District NO. 5
has heretofore incurred a bonded debt in the principBt amount of $600,000
for the benefit of the whole of Improvement District NO. 5 but only Improve-
ment District No. 5 and that said Improvement District will be required to
make payments of interest and the principal on said bonded debt during the
present fiscal year, and
WHEREAS, this Board of Directors has heretofore caused a study to be
made of the revenues which will be received By San Marcos durihg this fiscal
year, the expenses that will be incurred and the claims which will have to
be paid during said period, a~d it is aparant that it is going to be
necessary to levy taxes on all of the taxable property within the District
to provide for Lhe payment of interest and principal on the District's
bonded debt and claims against and expenses incurred by the District.
Resolution NO. 266
NOW, THEREFORE, the Board of Directors of the San Marcos County
Water District states, finds, determines, and orders that:
SECTION I:
A - That in the judgement of the Board of Directors of the San Marcos
County Water District the revenues of said District for the fiscal year
1966-67 are likely to be inadequate to pay the interest and principal on
its bonded debt, the expenses of the District and claims against the Dis-
trick that will be incurred and fall due during this fiscal year.
B - That in the judgement of the Board of Directors of the San Marcos
County Water District the revenues of said Improvement District NO. 5 for
the fiscal year 1966-67 are likely to be inadequate to pay the interest and
principal on its bended debt, the expenses of Improvement District No. 5 and
claims against Improvement District NO. 5 that will be incurred and fall due
during this fiscal year.
SECTION II
A - That it is estimated that the minimum amount of money required for
the payment of inLerest and principal on the bonded debt of the San Marcos
County Water District as it becomes due is $118,000.00.
B - That it is estimated that the minimum amount of money required for
the payment of interest and principal on the bonded debt of Improvement
District No. 5 as it becomes due is $31,000.00.
SECTION III:
A - That the whole San Marcos County Water District was benefitted by
incurring said bonded debt.
B - That the whole Improvement District NO. 5 was benefitted by incurring
said bonded debt.
SECTION IV:
That it is estimated that the minimum amount of money required for
the San Marcos County Water District and Improvement District No. 5 for all
Resolution NO. 266
other expenses of, and claims against the said Districts is nil.
SECTION V:
That the statement required by 31701 of the Water Code of the State
of California be furnished to the Board of Supervisors and the Auditor
of the County of San Diego on or before the
DATED: August 5, 1966
of the San Marcos County Water District
STATEMENT OF THE BOARD OF DIRECTORS OF
THE SAN MARCOS COUNTY WATER DISTRICT,
A COUNTY WATER DISTRICT ORGANIZED UNDER
THE COUNTY WATER DISTRICT LAW~ FURNISHED
PURSUANT TO THE REQUIREMENTS OF SECTION
31701 OF TIIE WATER CODE OF THE STATE OF
CALIFORNIA
TO the Honorable Board of Supervisors of Lhe County of San Diego, and
Lo A. H. Mueller, as Auditor of said County:
The Board of Directors of the San Marcos County Water District, pursuant
to the Water Provisions of Section 31701 of Lhe Water Code of the State
of California, hereby furnishes you, with the bllowing estimates and
statements.
A. (1) The minimimum amount of money required for the payment of
the principal and interest on the bonded debt of the San Marcos County
Water District, as it becomes due, is estimated to be $118,000.00.
(2) The minimum amount of money required for the payment Of
the principal and interest on the bonded debt of San Marcos County
Water District Improvement District NO. 5 as it becomes due, is
estimated to be $31,000.00.
B. That the whole San Marcos County Water District and San Marcos
was
County Water District Improvement District NO. 5/benefitted by
incurring said bonded debt.
c. That the minimum amount of money required by the San Marcos
County Water District and San Marcos County Water District Improvement
District NO. 5 for other expenses and claims against the said District
is estimated to be nil.
Thc San Marcos County Water District has not by Ordinance or
otherwise declared that Chapter Two, of Part Seven, of Division
Twelve, of the California Water Code, shall not be operated with
respect to the San Marcos County Water District, and has never
elected to proceed under Chapter Three, Part Seven, Division Twelve,
of said Water Code.
TO the Honorable Board of Supervisors of the County of San Diego and
to A. H. Mueller, as Auditor for said County:
E. That a copy of the resolution of the Board of Directors of San
Marcos County Water District determining that in the judgement
of said Board Ehat revenues of the District will likely be in-
adequate to pay the interest and principal on the Districts'
bonded debt, and the expenses to be incurred by the said
Districts, and claims against the said Districts as tbey become
due is attached hereto, as Exhibit A.
BOARD OF DIRECTORS OF THE SAN MARCOS
COUNTY WATER DISTRICT
By
By
By
DATED: August 5, 1966
STATE OF CALIFORNIA)
) ss.
COUNTY OF SAN DIEGO)
I, C. J. Houson, Secretary of the Board of Directors of San Marcos
County Water District DO HEREBY CERTIFY that the foregoing Resolution NO.
266 was duly adopted by the Board of Directors of said District at a
regular meeting of said Board held on the August 1, 1966 and that
it was so adopted by the following vote:
AYES: Directors: Blanchard, Paul and Trusseli
NOES: Directors: None
ABSENT: Directors: Mahr and Vanderbeck
SEAL: ~~
Secretary of the San Marcos County
Water District and of the Board of
Direrectors thereof
STATE OF CALIFORNIA)
I, C. J. Bouson, Secretary of the Board of Directors of the San
Marcos County Water District, DO HEREBY CERTIFY that the above and foregoing
is a full, true and correct copy of Resolution NO. 266 of said Board, and
that same has not been amended or repealed.
DATED: August 1, 1966
Secre he San Marcos County
· ' of the Board of
WATER BUDGET
INCOME:
Water Sales 210,200
Tax Payments 118,000
1965-66 Surplus 11,300
Miscellaneous 10,500 $ 350,000
EXPENSES:
Water Purchases 54,000
Treatment & Delivery 35,000
Total Administration 77,200
Bond Service 122,000
Line Contract Refunds 10,800
*Appropriated Capital Outlay 38,000
Unappropriated Contingencies 13,800 $350,000
*Following items budgeted in capital outlay figure and are to be accomplished
upon need as determined by Board of Directors.
Office Equipment 700
Operating & Maintenance Equipment 17,460
Upgrade District Water System 13,840
Building (equipment shed) 6,000 $ 38,000
IMPROVEMENT DISTRICT NO. 5 BUDGET
INCOME:
Connection Fees 12,000
Tax receipts 31,000 $ 43,000
EXPENSES:
Bond Service 34,000
Deficit 9,000 $ 43,000