HomeMy WebLinkAboutResolution No. 98-R440 '
RESOLUTION NO. 98—R44
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 1,1998 AND
ENDING JUNE 30, 1999
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, 1998 and ending June 30, 1999, as prepared and submitted by the
Interim 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 $9,627,950. 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 1998-99 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 1998-99.
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,
1998, 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.
this 30th day of .Tune , 1998.
I HEREBY CERTIFY that the foregoing Resolution No. 98—R44 was duly adopted by
the Board of Directors of the Redevelopment Agency of the City of Azusa at a meeting thereof
held on the 30th day of ,lune , 1998, by the following vote of the Agency:
AYES DIRECTORS: HARDISON, STANFORD, ROCHA, BEEBE, MADRID
NOES DIRECTORS: NONE
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