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RESOLUTION NO. FA 08 -037
A RESOLUTION OF THE TEMPLE CITY FINANCING AUTHORITY
ADOPTING THE ANNUAL BUDGET FOR THE FISCAL YEAR
COMMENCING JULY 1, 2008 AND ENDING JUNE 30, 2009
WHEREAS, the Executive Director has prepared, after consultation with its Members, a budget for
the TEMPLE CITY FINANCING AUTHORITY ( "Authority ") to provide debt service for the 2005 Revenue
Bonds and other related activity.
NOW, THEREFORE, BE IT RESOLVED by the Temple City Financing Authority as follows:
SECTION 1. That the budget for the Authority for the fiscal year commencing on July 1, 2008 and
ending June 30, 2009, as prepared and submitted by the Executive Director, is hereby approved and adopted
as the budget of the Authority for said fiscal year (hereinafter "budget "). A copy of said budget is attached
hereto, marked "Exhibit A ", and is incorporated herein by this reference.
SECTION 2. That from the effective date of said budget, to wit: July 1, 2008, the several amounts
stated herein as proposed expenditures shall be and become appropriated to the Authority for the respective
objects and purposes therein set forth. The Financing Authority staff is authorized (by these appropriations) to
expend such sums without further Financing Authority approval, subject, however, to any state laws or City
ordinances.
SECTION 3. That the Authority Secretary shall certify to the passage and adoption of this resolution
and the same shall thereupon take effect and be in force.
APPROVED AND ADOPTED this 17th day of June, 2008.
CHAIRMAN
ATTEST:
Authority Skretary
hereby certify that the foregoing resolution, Resolution No. FA 08 -037 was adopted by the Temple
City Financing Authority at its regular meeting held on the 17th day of June 2008 by the following vote:
AYES: Member - Gillanders, Vizcarra, Wong, Capra, Wilson
NOES: Member -None
ABSENT: Member -None
ABSTAIN: Member -None
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Authority Sr etary
EXHIBIT A
TEMPLE
CITY FINANCING AUTHORITY
.ANNUAL BUDGET
FY 2008 - 2009
DEPARTMENT: FINANCING AUTHORITY
PROGRAM FINANCING AUTHORITY
DIVISION: FINANCING AUTHORITY
ACCOUNT NO' 90 -900 90
SUMMARY OF EXPENDITURES
PERSONNEL
OPERATING EXPENSES
CAPITAL OUTLAY
ATOTALKIN
FY'06 -07
ACTUAL;
FY 07 =08
BUDGET;
FY 07-08
ESTIMATED
FY 0;8 09
BUDGET .I.
3,277
590,825
594,102
6,290
623,025
..................
629,315
3,980
604,210
608.190:
6,350
619,060
625,410
FUNDING SOURCE
($625,410 to be provided by the Temple City Community Redevelopment Agency for bond payment and operating
expenditures pursuant to The Loan Agreement between the Authority and the Agency).