HomeMy WebLinkAboutResolution No. 96-P1RESOLUTION NO 96-P1
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, 1996 AND ENDING JUNE 30, 1997
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, 1996 and ending June 30, 1997 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 $2,280,841. 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 1st day of July, 1996.
WHOM i whakh-d =Mll
I'
I HEREBY CERTIFY that the foregoing Resolution No. 96-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 1st day of July, 1996 by the following vote of the Authority:
AYES DIRECTORS: HARDISON, MADRID, NARANJO, BEEBE, ALEXANDER
NOES DIRECTORS: NONE
ABSENT DIRECTORS: NONE