HomeMy WebLinkAboutResolution No. 95-P20 9
RESOLUTION NO 951
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, 1995 AND ENDING JUNE 30, 1996
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, 1995 and ending June 30, 1996 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 $2,267,690. 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. 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 4. The Secretary shall certify to the adoption of this resolution.
ADOPTED AND APPROVED this 20th day of June, 1995.
I HEREBY CERTIFY that the foregoing Resolution No. 94-P1 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 20th day of June, 1995 by the following vote of the Authority:
AYES DIRECTORS: HARDISON, MADRID, NARANJO, BEEBE, ALEXANDER
NOES DIRECTORS: NONE
ABSENT DIRECTORS: NONE