HomeMy WebLinkAboutResolution No. 02-P10
RESOLUTION NO. 02-P1
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE AZUSA PUBLIC
FINANCING AUTHORITY ADOPTING THE BUDGETS AND APPROVING
APPROPRIATIONS FOR THE AUTHORITY FOR THE FISCAL YEARS
COMMENCING JULY 1, 2002 AND ENDING JUNE 30, 2003, AND
COMMENCING JULY 1, 2003 AND ENDING JUNE 30, 2004
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, 2002 and ending June 30, 2003 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 $2,302,400. The budget for the Azusa Public Financing
Authority for the fiscal year commencing July 1, 2003 and ending June 30, 2004 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 $2,298,000. A copy of said
budgets are 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.
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ADOPTED AND APPROVED this 17T" day of June, 2002.
1 HEREBY CERTIFY that the foregoing Resolution No. 02-P 1 was duly adopted by the
Board of Directors of the Azusa Public Financing Authority at a regular meeting thereof
held on the 17`" day of June, 2002 by the following vote of the Authority:
AYES: DIRECTORS: HARDISON, STANFORD, ROCHA, CHAGNON, MADRID
NOES: DIRECTORS: NONE
ABSTAIN: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE