HomeMy WebLinkAboutResolution No. 5876 6
NO 587
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY
OF AZUSA ADOPTING THE BUDGET AND APPROVING APPROPRIATIONS
FOR THE FISCAL YEAR COMMENCING JULY 11 1989 AND ENDING
JUNE 301 1990
THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA DOES RESOLVE
AS FOLLOWS:
SECTION 1. The budget for the Redevelopment Agency of the
City of Azusa for the fiscal year commencing July 1, 1989 and
ending June 30, 1990, as prepared and submitted by the City
Administrator and as modified by the Redevelopment Agency, is
hereby approved and adopted as the budget of the Redevelopment
Agency of the City of Azusa for said fiscal year in the amount of
$171042,020. A copy of said budget is hereby ordered filed in
the office of the Secretary and shall be certified by the
Secretary as having been adopted by this resolution.
SECTION 2. From the effective date of said budget, the
several amounts stated therein as proposed expenditures shall be
and become appropriated to the respective objects and purposes
therein set forth for the Agency subject to expenditure pursuant
to the provisions of all applicable ordinances of the Agency and
statutes of the State. Further, it is established that the
Agency will not exceed its budget.
SECTION 3. All appropriations in the 1988-89 budget of the
Agency not expended or encumbered hereby expire and terminate,
except for those appropriations expressly continued and carried
forward "rebudgeted" into the budget for 1989-90.
SECTION 4. Amounts appropriated to any account for any
object or purpose may be transferred to a different account for
the same general purpose within or between the department or
activities upon recommendation by the Finance Director and
approval by the Executive Director. Further, estimated revenues
and appropriations will be set to actual for fiscal year 1988-89
and thereafter in order to improve financial reporting
presentations.
SECTION 5. The Executive Director is authorized to make
such changes, additions or deletions between or among department
operating budget totals during the 1989-90 fiscal year as he may,
from time to time, deem desirable and necessary in order to meet
the Agency's needs. The Agency must approve any unbudgeted
interfund transfers of $25,000 or more as it may, from time to
time, deem desirable and necessary.
SECTION 6. The Redevelopment Agency of the City of Azusa
does hereby direct that any unappropriated balance in the General
Fund and the various funds, as appropriate, as of June 30, 1989,
shall be automatically appropriated into the Contingency Fund
therein.
SECTION 7. Pursuant to Government Code 37208, warrants
drawn in payment certified or approved by the Secretary as
conforming to a budget approved by ordinance of the Agency need
not be audited by the Agency prior to payment. Budgeted demands
paid by warrant prior to audit by the Agency shall be presented,
to the Agency for ratification and approval at the first meeting
after delivery of the warrants.
SECTION S. The Secretary shall certify to the adoption of
this resolution.
ADOPTED AND APPROVED this 29th day of June 1989.
CHAIRMAN
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Redevelopment Agency of the City of Azusa at a
meeting thereof held on the 29th day of June, 19891 by the
following vote of the Agency:
AYES: DIRECTORS: AVILA, STEMRICH, LATTA, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NARANJO