HomeMy Public PortalAbout92-22 LRA~ a
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LPA~ ~~ -E_ ~'
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT
,~~,GCNCY ADC~PTiNG THE ANNUAL OPERATING BUDGET
__ ~rJn F . Y . i 4392--93
WHEREAS, the Executive Director has submitted a
proposed Annual Operating Budget for the Fiscal Year 1992-93; and
WHEREAS, the Agency has studied the proposed Budget
and approved same; and
rr
f WHEREAS, Agency Boardmembers held a budget Workshop
for budget discussions to allow for Public comment prior to
adoption .
NOW, THEREFORE, the Lynwood Redevelopment Agency
does hereby find, proclaim, order and resolve as follows:
Section 1. The Annual Operating Budget for the
Fiscal Year 1992-93 is hereby approved and adopted.
Section 2. During the upcoming fiscal year, the
Executive Director or his designee is hereby authorized to approve
any transfer between accounts, provided that:
1 . They are wi t h i n the same general groups of account s
(Personnel, Operations or Capitol Outlay);
2. They are being transferred to cover expenses of
temporary personnel due to vacant positions;
3. They are within the same fund;
4. They do not exceed $10,00 per transfer.
Section 3. To mitigate the effects of any
reductions and allow the Agency to prioritize the use of funds
provided, the City Manager is authorized to approve a one-time only
transfer of funds between account groups and in excess of $10,000.
Section 4. This resolution shall take effect
immediately upon it's adoption.
PASSED, APPROVED and ADOPTED T IS 21 t day of July
1992.
Lo is H e, Chairman
ATTEST:
Andrea L. Hooper, Secr tary
APPROVED~AS TO FORM:
y Attorney
NOTED AS TO CONTENT:
Sol Blume fe d, Acting
Director f Community
Development
APP OVED AS TO CONTENT:
Faustin Gonzalez, Interim
n e., of ,_
,y o.,4,~~yc,.
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lf etta F. Earnest
Director of Finance
M
a
STATE OF CALIFORNIA )
)
COUNTY OF LOS ANGELES )
ss.
I, the undersigned, Secretary of the Lynwood
Redevelopment Agency, do hereby certify that the above and
foregoing resolution was duly adopted by the said Agency at
a regular meeting thereof held in the City Aall~u
of the City of Lynwood on the 4th day of August ; -~
19 92 , and passed by the following vote:
AYES: REA,RICHARDS,WELLS,HEINE
NOES: NONE
ASSENT: BYRD
STATE OF CALIFORNIA )
)
COUNTY OF LOS ANGELES )
41 ~ _
Secretary
Lynwood Redevelopment Agency
ss.
I, the undersigned, Secretary of the Lynwood
Redevelopment Agency, do hereby certify that the above and
foregoing is a full, true and correct copy of Resolution No.
LRA 92-22 on file in my office and that said resolution
was adopted on the date and by the vote therein stated.
DATED this
4th
199 2 •
Secretary
Lynwood Redevelopment Agency
day of August