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Reso 1671 06/2024RESOLUTION NO. 1671 RESOLUTION OF THE BOARD OF DIRECTORS OF THE VALLECITOS WATER DISTRICT ESTABLISHING APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2024/2025 WHEREAS, effective July 1, 1980, Article XIII B of the California Constitution took effect limiting the appropriation of certain state and local agencies; and WHEREAS, the Legislature has adopted Government Code Sections 7900-13 setting forth procedures to be followed by affected local agencies in fixing and determining their appropriations limit; and WHEREAS, pursuant to said Government Code sections, the Department of Finance and San Diego County have supplied the District with information regarding changes in population, cost of living, and per capita income and assessment roll data for use in determining its appropriations limit; and WHEREAS, the District has a tax rate in excess of 12.5 cents per $100 of assessed valuation during the 1977/1978 fiscal year, and, therefore, is subject to the provisions of Article XIII B and implementing legislation; and WHEREAS, Government code Section 7910 requires that each year the governing body of the District, by resolution, establish its appropriations for the following fiscal year; and WHEREAS, at least 15 days prior to the meeting at which this resolution was adopted, the documentation used in the determination of the appropriations limit was made available to the public at the offices of the District; and WHEREAS, the Board has fully considered said laws, the revenues, and expenditures of the District during the relevant years, the date received from the Department of Finance, the reports and recommendations of the staff, and the opinions of Counsel. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Vallecitos Water District as follows: SECTION 1: The foregoing facts are true and correct. SECTION 2: Pursuant to Article XIII B and Section 7910 of the Government Code, the appropriations limit for Vallecitos Water District for the 2024/2025 Fiscal Year is established as $1,090,279. Resolution No. 1671 Page 2 PASSED AND ADOPTED by the Board of Directors of the Vallecitos Water District at a regular meeting held on this 5th day of June, 2024, by the following roll call vote: AYES: ELITHARP, GROSET, HERNANDEZ, PENNOCK NOES: ABSTAIN: ABSENT: BOYD-HODGSON —� JamX Pennock, Vice -President B d of Directors lecitos Water District ATTEST: s Gumpel, ecreta LB'oard of Directors Vallecitos Water District