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Resolution Number CVWD 02-08-06-02RESOLUTION NO. CVWD 02-08-06-02 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CAPISTRANO VALLEY WATER DISTRICT, CALIFORNIA, ADOPTING BUDGET FORTHE REDEMPTION OF 1972 GENERAL OBLIGATION BONDS FOR FISCAL YEAR 2002/2003 WHEREAS, the Capistrano Valley Water District has heretofore issued 1972 General Obligation Bonds in the sum of $700,000; and, WHEREAS, a specific tax rate is desired for voter -approved indebtedness tax rates authorized by Revenue and Taxation Code Section 93(a); and, WHEREAS, the tax rate necessary to raise the aforesaid sum of money will be calculated by the Orange County Assessor, in accordance with Sections 93(a) and 97.65 of the Revenue and Taxation Code. NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the Capistrano Valley Water District does hereby Section 1. ' The amount of money required by taxation for the Capistrano Valley Water District (the "District") for the redemption of bond principal and interest for the 1972 General Obligation Bonds for Fiscal Year 2002/03 is $46,444.00 as summarized in Exhibit A Section 2. The Orange County Assessor is hereby authorized and directed to calculate the tax rate in accordance with Sections 93(a) and 97.65 of the Revenue and Taxation Code, for the redemption of the aforesaid 1972 General Obligation Bonds for the Fiscal Year 2002/03 and to enter such rate on the records of the Orange County Assessor and the Capistrano Valley Water District. Section 3. The City Clerk of the City of San Juan Capistrano is hereby directed to furnish the Office of the Auditor -Controller, County of Orange, Attention Vivienne Thornton, Revenue and Budget Unit, Finance Building, P.O. Box 567, Santa Ana, California 92702-0567 with a certified copy of this resolution. L PASSED, APPROVED, AND ADOPTED this 6'" day of August, 2002. 7P - ATTEST: C C� M G RET R. MONAHAN, CITY CLERK STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO ) I, MARGARET R. MONAHAN, appointed Clerk of the Board of the Capistrano Valley Water District, do hereby certify that the foregoing Resolution No. CVWD 02-08-06-02 was duly adopted by the Board of Directors of the Capistrano Valley Water District at a regular meeting thereof, held the 6th day of August 2002, by the following vote: AYES: DIRECTORS: NOES DIRECTORS: ABSENT: DIRECTORS: Hart, Campbell, Swerdlin and Chairman Bathgate None Vice -Chair Gelff 0( Clerk of the Board -2- C10.04 COUNTY OF ORANGE SPECIAL DISTRICT BUDGET );OR __ _. Capistrano Valley Water Reservoir FISCAL YEAR 2002-2003 Al a meeting held on August 6, 2002 the Board of i a 6*ectors of the Canistrano Valley Water District duly Wo pted the budget (enclose copy of Resolution or Minute Order), as shown in the enclosed }` schedules for the Fiscal Year 2002-2003 in the amount of $ 46,444.00 (from Schedule 16, Column 10, Total Requirements). BUDGET BALANCING ACCOUNT Should any numbers listed on these forms be revised or updated, please indicate, in the space provided below, the amount which may be adjusted to balance the total requirements and the available financing. Adjust N/A ITime of Regular Board Signature of Cha- e or4Board -,---7,4/iIJiJ7/7 of Secretary ADDITIONAL INFORMATION REQUIRED 11 5 Directors: COLLENE CAMPBELL Chairperson: DIANE BATHGATE (Please Print) JOIN GELFF WYATT HART DAVID M. SWERDLIN Secretary: MARGARET NDNAHAN Mgr/Supt: GEORGE SCARBORDIIGH Attorney: JOHN SHAW Auditors: NDRELAND $ ASSOCIATES Mailing address of district: ATTN: 32400 PASEO SAN JUAN CAPISTRANO, CA 92675 Telephone: (949) 487-4302 Person to contact regarding budget: CONRAD DAVID Telephone: ( 949 ) 487-4302 C10.04 COUNTY OF ORANGE Capistrano Valley Water Reservoir DISTRICT FISCAL YEAR 2002-2003 VOTER -APPROVED INDEBTEDNESS TAX RATE (If applicable) Amount required to be raised by Tax Rate N/A (from Budget Schedule 16 or Budget Resolution) Estimated Rate or, Precise Rate Desired/Required (From Budget Resolution) *If a specific tax rate is desired or required for voter approved indebtedness tax rates authorized by Revenue and Taxation Code Sections 93 & 96.31, please indicate the account to be adjusted to establish the precise rate. We certify that the above requirements are for the purpose of paying the interest and principal on outstanding general obligation bonds or other indebtedness approved by the voters prior to July 1, 1978, or approved by a two-thirds vote of its voters after June 4, 1986, pursuant to the authority granted by Revenue and Taxation Code, Sections 93 & 96.31. --NaLb�� Signature of Chairpe6dn of Board Si ature of Secretary en %Q z Dater PLEASE ENCLOSE COPY OF RESOLUTION OR MINUTE ORDER APPROVING THE ABOVE TAX RATE REQUIRED. THIS FORM MUST BE COMPLETED IF DISTRICT IS LEVYING ANY PROPERTY TAX RATE FOR VOTER -APPROVED INDEBTEDNESS. 2 i C10.04 COUNTY OF ORANGE Capistrano Valley Water Reservoir DISTRICT FUND BALANCE AVAILABLE Line 1. Fund Balance - 6/30/01 (from last year's schedule, Line 4) (5.74 2. Add: Actual Revenues (excluding Fund Balance Available) 52,071 - FY 2001/2002 3. Less: Actual Expenditures & Encumbrances (excluding Reserves) FY -2001/2002 ( 48,881 4. Fund Balance - 6/30/02 ( 2,S52 ) 5. Less: Total Reserves @ 6/30/02 (Column 1 Schedule of Reserve Requirements) 6. General Reserves 0 7. Other Reserves 0 Total Reserves ( 0 8. Subtotal (Lines 4 through 7) ( 2,55 9. Add: Decrease in Reserves (from Column 2, Schedule of Reserve Requirements) 10. Total Fund Balance Available 7/1/02. Post this number to Schedule 16, Column 4 ( 2,552 ) Prepared by: For the District CONRAD DAVID Phone No. (949) 487-4302 For the County Verified by I Filename: F:\SPECDISTTINLBUDG\TAXRATEICI0.04.DOC 3 o� NI �❑ al d W �e i w M O y o � N WO z .y 0 o W Cl Cd a) ,n U U � v P Pqy W O z U b b o Cd U co 0 o C a. 0 N U O c � U N � w ° � i. 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