HomeMy WebLinkAboutResolution No. 95-P1RESOLUTION NO 94-P8
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, 1994 AND ENDING JUNE 30, 1995
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, 1994 and ending June 30, 1995 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 $2,260,520. 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 5TH day of JULY, 1994.
CHAIRMAN
I HEREBY CERTIFY that the foregoing Resolution No. 94-P8 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 5TH day of JULY, 1994 by the following vote of the Authority:
AYES
DIRECTORS:
HARDISON, MADRID, NARANJO, BEEBE
NOES
DIRECTORS:
ALEXANDER
ABSENT
DIRECTORS:
NONE