HomeMy WebLinkAboutResolution No. 11-P1RESOLUTION NO. 11-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, 2011 AND ENDING JUNE 30,
2012
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, 2011 and ending June 30, 2012, presented and reviewed at a at apublic workshop held
June 1, 2011, 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 6`h day of June, 2011.
seph R. Rocha, Chairman
I HEREBY CERTIFY that the foregoing Resolution No. 11-P1 was duly adopted by the Board of
Directors of the Azusa Public Financing Authority at a regular meeting thereof held on the 61h day of June,
2011, by the following vote of the Authority:
AYES COUNCIL MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA
NOES COUNCIL MEMBERS: NONE
ABSTAIN COUNCIL MEMBERS: NONE
ABSEN COUNCIL MEMBERS: NONE
Vera Mendoza, Secretary
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