HomeMy WebLinkAboutResolution No. 92-R35RESOLUTION NO 92-R35
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT
AGENCY OF THE CITY OF AZUSA ADOPTING THE BUDGET AND APPROVING
APPROPRIATIONS FOR THE REDEVELOPMENT AGENCY FOR FISCAL YEAR
COMMENCING JULY 1, 1992 AND ENDING JUNE 30, 1993
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, 1992 and ending June 30, 1993, as prepared and submitted by the
Executive Director 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 $12,438,320. 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 1991-92 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 1992-93.
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 1992-93 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 finds, as appropriate, as of June
30, 1992, 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.
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Resolution No. 92-R35
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SECTION 8. The Secretary shall certify to the adoption of this resolution.
ADOPTED AND APPROVED this 8TH day of JUNE 1992.
I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Board of
Directors of the Redevelopment Agency of the City of Azusa at a meeting thereof held on the
8TH day of JUNE 1992, by the following vote of the Agency:
AYES: DIRECTORS: DANGLEIS, MADRID, NARANAJO
ALEXANDER, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE