HomeMy WebLinkAboutResolution No. 92-P2RESOLUTION NO 92-P2
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE AZUSA PUBLIC
FINANCING AUTHORITY OF THE CITY OF AZUSA ADOPTING THE BUDGET
AND APPROVING APPROPRIATIONS FOR THE FISCAL YEAR
COMMENCING JULY 1, 1992 AND ENDING JUNE 30, 1993
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, 1992 and ending June 30, 1993 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 $1,095,000. 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 Authority and statutes of the State. Further, it is established that
the Authority will not exceed its budget.
SECTION 3. Amounts 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 1992-93 fiscal year
as he may, from time to time, deem desirable and necessary in order to meet the Authority's
needs. The Authority must approve any unbudgeted interfund transfers of $15,000 or more as
it may, from time to time, deem 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 ordinance of the Authority
need not be audited by the Authority prior to payment. Budgeted demands paid by warrant prior
to audit by the Authority shall be presented to the Authority 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 8TH day of JUNE 1992.
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Resolution No. 92-P2
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I HEREBY CERTIFY that the foregoing Resolution No. 92-P2 was duly adopted by the
Board of Directors of the Azusa Public Financing Authority of the City of Azusa at a regular
meeting thereof held on the 8TH day of JUNE, 1992 by the following vote of the Authority:
AYES: DIRECTORS: DANGLEIS, MADRID, NARANJO,
ALEXANDER, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE