HomeMy WebLinkAboutResolution No. 70
RESOLUTION NO. 7
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, 1991 AND ENDING
JUNE 30, 1992
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, 1991 and ending June 30, 1992, as prepared
and submitted by the Executive 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 $991,500. 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. Any 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 1991-92
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
of demands 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 25TH day of JUNE, 1991.
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the
Azusa Public Financing Authority of the City of Azusa at a regular meeting thereof held on the
25TH day of JUNE, 1991 by the following vote of the Authority:
AYES: DIRECTORS: DANGLEIS, STEMRICH, NARANJO,
ALEXANDER, MOSES
NOES: DIRECTORS:
ABSENT: DIRECTORS: