HomeMy WebLinkAboutResolution No. 96-R26RESOLUTION NO 96-R26
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, 1996 AND ENDING JUNE 30, 1997
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, 1996 and ending June 30, 1997, 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 $12,374,890. 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 1995-96 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 1996-97.
SECTION 4. 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, 1996, shall be automatically appropriated into the Contingency Fund
therein.
SECTION 5. 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 6. The Secretary shall certify to the adoption of this resolution.
ADOPTED AND APPROVED this 1st day of July, 1996.
CHAIRMAN
I HEREBY CERTIFY that the foregoing Resolution No. 96-R26 was duly adopted
by the Board of Directors of the Redevelopment Agency of the City of Azusa at a meeting
thereof held on the 1st day of July, 1996, by the following vote of the Agency:
AYES DIRECTORS: HARDISON, MADRID, NARANJO, BEEBE, ALEXANDER
NOES DIRECTORS: NONE