HomeMy WebLinkAboutResolution No. 03-P146
RESOLUTION NO. 03-P1
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, 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, 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 $2,297,950. 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 Adthority 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 16`h day of June, 2003.
I HEREBY CERTIFY that the foregoing Resolution No. 03-P 1 was duly adopted by
the Board of Directors of the Azusa Public Financing Authority at a regular meeting
thereof held on the 16`h day of June, 2003 by the following vote of the Authority:
AYES: DIRECTORS: HARDISON, STANFORD, ROCHA, CHAGNON, MADRID
NOES: DIRECTORS: NONE
ABSTAIN: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
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