HomeMy WebLinkAboutResolution No. 5RESOLUTION NO
A RESOLUTION OF THE AZUSA PUBLIC FINANCING AUTHORITY OF
THE CITY OF AZUSA ADOPTING THE BUDGET AND APPROVING
APPROPRIATIONS FOR THE FISCAL YEAR COMMENCING JULY 1,
1990 AND ENDING JUNE 30, 1991
THE BOARD OF DIRECTORS OF THE AZUSA PUBLIC FINANCING
AUTHORITY OF THE CITY OF AZUSA DOES RESOLVE AS FOLLOWS:
SECTION 1. The budget for the Azusa Public Financing Authority
of the City of Azusa for the fiscal year commencing July 1, 1990
and ending June 30, 1991, as prepared and submitted by the
Excutive Director and as modified by the Azusa Public Financing
Authority, is hereby approved and adopted as the budget of the
Azusa Public Financing Authority of the City of Azusa for said
fiscal year in the amount of $443,820. 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 Authority, subject to expenditure
pursuant to the provisions of all applicable ordinances of the
City and the Authority and statutes of the State. Further, it is
established that the Authority shall not exceed its budget.
SECTION 3. Amount 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 4. The Executive Director is authorized to make
such changes, additions or deletions between or among department
operating budget totals during the 1990-91 fiscal year as he may,
from time to time, deem desirable and necessary in order to meet
the Authority's needs. The Executive Director or The Trustee may
make interfund transfers from time to time, as deemed desirable
and necessary.
SECTION 5. Pursuant to Government code 37208, warrants
drawn in payment certified or approved by the Secretary as
conforming to a budget approved by action of the Authority need
not be audited by the Board of Directors prior to payment.
Budgeted demands paid by warrant prior to audit by the Board of
Directors shall be presented to the Board 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 21ST DAY OF JUNE 1990.
I HEREBY CERT4
duly adopted by the
that the foregoing resoldkon No. 5
Azusa Public Financing Authority of
City of Azusa at a regular meeting thereof held on the 21st
of June 1990 by the following vote of the Authority:
AYES: DIRECTORS: 'DANGLEIS, STET'mm, NARANJO, MOSES
NOES: DIRECTORS: ALEXANDER,
was
the
day