HomeMy WebLinkAboutResolution No. 7150 0
RESOLUTION NO 715
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT
AGENCY OF THE CITY OF AZUSA ADOPTING THE BUDGET AND APPROVING
APPROPRIATIONS FOR THE FISCAL YEAR COMMENCING JULY 1, 1990 AND
ENDING JUNE 30, 1991
THE BOARD OF DIRCTORS OF 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, 1990 and
ending June 30, 1991 as prepared and submitted by the Executive
Director and as modified by the Board of Directors, is hearby
approved and adopted as the budget of the Redevelopment Agency of
the City of Azusa for said fiscal year in the amount of
$8,145,130. 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 City and
Agency and statutes of the State. Further, it is established
that the Agency will not exceed its budget.
SECTION 3. All appropriations in the 1989-90 budget of the
Agency not expended or encumbered hereby expire and terminate,
except for those appropriations expressly continued and carried
forward (rebudgeted) in the budget for 1990-91.
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.
SECTION 5. The Executive Director is authorized to make
such changes, additions or deletions between or among department
operating budget totals during the 1990-91 fiscal year as he may,
from time to time, deem desirable and necessary in order to meet
the Agency's needs. The Board of Directors must approve any
unbudgeted interfund transfers of $250,000 or more as it may,
from time to time, deem desirable and necessary.
SECTION 6. The Board of Directors of the Redevelopment
Agency of the City of Azusa does hereby direc.v that any
unappropriated balance in the General Fund and the various funds,
as appropriate, as of June 30, 1990, shall be automatically
appropriated into the Contingency Funds therein, respectively.
SECTION 7. Pursuant to Government code 37206, 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 Board of Directors prior to payment.
Budgeted demands paid by warrant prior to audit by the Board
shall be presented to the Board for ratification and approval at
the first meeting after delivery of the warrants.
SECTION 8. Secretary shall certify . the adoption of
this Resolution.
ADOPTED AND APPROVED THIS 21ST DAY OF JUNE 1990.
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I HEREBY CERTIFY that the foregoing resolution No. 715 was
duly adopted by the Rdevelopment Agency of the City of Azusa at
a regular meeting thereof held on the 21st day of June 1990 by
the following vote of the Agency:
AYES: DIRECTORS: DA14=IS, STEMRICH, NARANJO, MOSES
NOES: DIRECTORS: ArExANDER
ABSENT: DIRECTORS:
I'MMOM.,