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HomeMy WebLinkAboutResolution No. 95-C790 RESOLUTION NO. 95-C79 0 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA ADOPTING THE BUDGET AND APPROVING APPROPRIATIONS FOR THE CITY OF AZUSA FOR THE FISCAL YEAR COMMENCING JULY 1, 1995 AND ENDING JUNE 30, 1996 THE CITY COUNCIL OF THE CITY OF AZUSA DOES RESOLVE AS FOLLOWS: SECTION 1. The budget for the City of Azusa for the fiscal year commencing July 1, 1995 and ending June 30, 1996, as prepared and submitted by the City Administrator and as modified by the City Council, is hereby approved and adopted as the budget of the City of Azusa for said fiscal year in the amount of $62,341,725. A copy of said budget is hereby ordered filed in the office of the City Clerk and shall be certified by the City Clerk 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 several departments, offices and agencies of the City for the respective objects and purposes therein set forth, subject to expenditure pursuant to the provisions of all applicable ordinances of the City and statutes of the State. Further, it is established that said departments, offices, and agencies of the City shall not exceed their respective budgets: SECTION 3. All appropriations in the 1994-95 budget of the City not expended or encumbered hereby expire and terminate, except for those appropriations expressly continued and carried forward into the budget "rebudgeted" for 1995-96. SECTION 4. The City Council of Azusa does hereby direct that any unappropriated balance in the General Fund, utility funds, and the various funds, as appropriate, as of June 30, 1995 shall be automatically appropriated into the Contingency Fund therein. SECTION 5. Pursuant to Government Code 37208, warrants drawn in payment of demands certified or approved by the City Clerk as conforming to a budget approved by ordinance of the City Council need not be audited by the City Council prior to payment. Budgeted demands paid by warrant prior to audit by the City Council shall be presented to the City Council for ratification and approval at the first meeting after delivery of the warrants. SECTION 6. The City Council does hereby authorize the establishment of insurance reserves for the General Fund and other governmental funds in sufficient amount as to be determined by the Finance Director in coordination with the Risk Manager and upon approval of the City Administrator. Such reserves will be established to enhance the City's self-insurance program. SECTION 8. The City Clerk shall certify as to the adoption of this resolution. ADOPTED AND APPROVED this 20th day of June, 1995. E 0 I HEREBY CERTIFY that the foregoing Resolution No. 95-C79 was duly adopted by the City Council of the City of Azusa at a meeting thereof, held on the 20th day of June, 1995 by the following vote of the Council: AYES : COUNCIL MEMBERS: HARDISON, NARANJO, BEEBE, ALEXANDER NOES COUNCIL MEMBERS: MADRID ABSENT : COUNCIL MEMBERS: NONE ITY C RK f'b4d Ud**..