HomeMy WebLinkAboutResolution No. 98-P3RESOLUTION NO. 98-P3
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
AZUSA PUBLIC FINANCING AUTHORITY ADOPTING THE
BUDGET AND APPROVING APPROPRIATIONS FOR THE
AUTHORITY FOR THE FISCAL YEAR COMMENCING
JULY 1, 1998 AND ENDING JUNE 30, 1999
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, 1998 and ending June 30, 1999 as prepared and submitted by the Interim
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 $2,309,350. 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.
ADO ED AND APPRO this 36th:day of June 1998.
&-�CHAIJRMAN
I HEREBY CERTIFY that the foregoing Resolution No. 98-P3 was duly adopted by
the Board of Directors of the Azusa Public Financing Authority at a regular meeting thereof held
on thea othl day of June , 1998 by the following vote of the Authority:
AYES DIRECTORS: HARDISON, STANFORD, ROCHA, BEEBE, MADRID
NOES DIRECTORS: NONE
ABSENT DIRECTORS: NONE
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