HomeMy WebLinkAboutResolution No. 05-P4RESOLUTION NO. 05-P4
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, 2005 AND ENDING JUNE 30, 2006
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, 2005 and ending June 30, 2006, 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 $579,970. 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
or resolution 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 5th day of July, 2005.
I HEREBY CERTIFY that the foregoing Resolution No. 05-P4, was duly adopted by the
Board of Directors of the Azusa Public Financing Authority at a regular meeting thereof
held on the 5tb day of July, 2005, by the following vote of the Authority:
AYES: DIRECTORS: HARDISON, CARRILLO, ROCHA, HANKS, CHAGNON
NOES: DIRECTORS: NONE
ABSTAIN: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
SECRETARY