HomeMy WebLinkAboutResolution No. 07-P1 (2)RESOLUTION NO. 07-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, 2007 AND ENDING JUNE 30,
2008
THE BOARD OF DIRECTORS OF THE AZUSA PUBLIC FINANCING AUTHORITY DOES
RESOLVE AS FOLLOWS:
SECTION 1. The Preliminary budget for the Azusa Public Financing Authority for the fiscal
year commencing July 1, 2007 and ending June 30, 2008, presented and reviewed at a at a public
workshop held May 29, 2007, is hereby approved and adopted as the budget of the Azusa Public
Financing Authority for said fiscal year. 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 18`h day of June, 2007.
J EPH It. ROCHA, CHAIRMAN
I HEREBY CERTIFY that the foregoing Resolution No. 07-P 1, was duly adopted by the Board of
Directors of the Azusa Public Financing Authority at a regular meeting thereof held on the 18`h day of
June, 2007, by the following vote of the Authority:
AYES:
DIRECTORS: GONZALES, CARRILLO, MACIAS, HANKS ROCHA
NOES:
DIRECTORS: NONE
ABSTAIN:
DIRECTORS: NONE
ABSENT:
D TORS: NONE
VERA MENDOZA, SECRETARY
OOGIMEI IN JUNE in erUEUUEU.Uoc