HomeMy WebLinkAboutResolution No. 02-R150 0
RESOLUTION NO. 02-R15
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA ADOPTING THE
BUDGETS AND APPROVING APPROPRIATIONS FOR THE
REDEVELOPMENT AGENCY FOR THE FISCAL YEARS COMMENCING JULY
1, 2002 AND ENDING JUNE 30, 2003 AND COMMENCING JULY 1, 2003
AND ENDING JUNE 30, 2004
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, 2002 and ending June 30, 2003, 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 $12,896,200. The budget for the
Redevelopment Agency of the City of Azusa for the fiscal year commencing July 1, 2003
and ending June 30, 2004, 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
$11,704,40-0. A copy of said budgets are 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 budgets, 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 2001-2002 budget of the Agency not
expended or encumbered hereby expire and terminate, except for those appropriations
expressly continued and carried forward ("re budgeted") into the budget for 2002-2003
and 2003-2004.
SECTION 4. The Redevelopment Agency of the City of Azusa does hereby direct
that any unappropriated balance in the various funds, as appropriate, as of June 30,
2002, 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.
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SECTION 6. The Secretary shall certify to the adoption of this resolution.
ADOPTED AND APPROVED this 17" day of June, 2002.
1 HEREBY CERTIFY that the foregoing Resolution No. 02-R15, was duly adopted by the
Board of Directors of the Redevelopment Agency of the City of Azusa at a meeting
thereof held on the 17'" day of June, 2002, by the following vote of the Agency:
AYES: DIRECTORS: HARDISON, STANFORD, ROCHA, CHAGNON, MADRID
NOES: DIRECTORS: NONE
ABSTAIN: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
SECRETARY