HomeMy WebLinkAboutResolution No. 97-P2RESOLUTION NO 97 - P 2
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE AZUSA PUBLIC
FINANCING AUTHORITY ADOPTING THE BUDGET AND APPROVING
APPROPRIATIONS FOR THE FISCAL YEAR COMMENCING JULY 1, 1997 AND
ENDING JUNE 30, 1998
THE BOARD OF DIRECTORS OF THE AZUSA PUBLIC FINANCING
AUTHORITY DOES RESOLVE AS FOLLOWS:
SECTION 1. The budget for the Azusa Public Financing Authority for the fiscal year
commencing July 1, 1997 and ending June 30, 1998 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 for said fiscal
year in the amount of $2,326,118. 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 4thday of August, 1997.
AJ
CHAIRMAN
I HEREBY CERTIFY that the foregoing Resolution No. 97 - P 2 was duly adopted by
the Board of Directors of the Azusa Public Financing Authority at a regular meeting thereof
held on the 4" day of August, 1997 by the following vote of the Authority:
AYES DIRECTORS:HARDISON, STANFORD, ROCHA, BEEBE, MADRID
NOES DIRECTORS: NONE
ABSENT DIRECTORS: NONE
ARY
RUDGMT PFRMOL