HomeMy WebLinkAboutResolution No. 2016-P1RESOLUTION NO. 2016-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,
2016 AND ENDING JUNE 30, 2017
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, 2016 and ending June 30, 2017, presented and reviewed at a at
a public workshop held June 13, 2016, 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
to be 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 Board need not be audited by the Authority Board prior to payment. Budgeted
demands paid by warrant prior to audit by the Authority Board shall be presented to the
Authority Board 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.
PASSED, APPROVED and ADOPTED this 20`h day of June, 2016.
oseph'Romero Rocha
Chairperson
ATTEST:
r
ffq ce Cornejo r.
Secretary
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF AZUSA )
I HEREBY CERTIFY that the foregoing Resolution No. 2016-P1 was duly adopted by
the Board of Directors of the Azusa Public Financing Authority at a regular meeting thereof, held
on the 20`h day of June, 2015, by the following vote of Board:
AYES 7 BOARDMEMBERS: GONZALES, CARRILLO, MACIAS, ALVAREZ, ROCHA
NOES: BOARDMEMBERS: NONE
ABSENT: BOAT'DMEMBERS: NONE
`J nce Cornej r.
ecretary
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APPROVED AS TO FORM:
4 _
Bestst & Kriege , LLP
City Al tomey