HomeMy WebLinkAboutResolution No. 91-R320
RESOLUTION NO. 91-R32
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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, 1991 AND ENDING JUNE 30, 1992
THE BOARD OF DIRECTORS 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, 1991 and ending June 30, 1992 as prepared and
submitted by the Executive Director and as modified by the Board of Directors, 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 $22,461,930. 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 1990-91 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 1991-92.
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 1991-92
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 direct that any unappropriated balance in the General Fund and the various
funds, as appropriate, as of June 30, 1991, shall be automatically appropriated into the
contingency funds therein, respectively.
SECTION 7. Pursuant to Government Code 37208, warrants drawn in payment
of demands 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. The Secretary shall certify to the adoption of this Resolution.
ADOPTED AND APPROVED this 25TH day of JUNE, 1991.
/MAYOR
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the
Redevelopment Agency of the City of Azusa at a regular meeting thereof held on the 25TH day
of JUNE, 1991 by the following vote of the Agency:
AYES: DIRECTORS: DANGLEIS, STEMRICH, NARANJO,
ALEXANDER, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
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