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Housing - 2007-01 - Annual Budget FY 2007-20080 • RESOLUTION NO. 2007-1 A RESOLUTION OF THE HOUSING DEVELOPMENT CORPORATION OF THE CITY OF ROSEMEAD ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR 2007-08 AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED WHEREAS, an Annual Budget for the Housing Development Corporation for the fiscal year commencing July 1, 2007 and ending June 30, 2008 was submitted to the Agency members and is on file in the City Clerk's office. NOW, THEREFORE, THE HOUSING DEVELOPMENT CORPORATION MEMBERS OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION DO RESOLVE AS FOLLOWS: Section 1. The Budget is adopted as the Annual Budget of the Rosemead Housing Development Corporation for the fiscal year commencing July 1, 2007 and ending June 30, 2008. Section 2. There is hereby appropriated to each account set forth in the "Summary of Expenditures by Category" of said budget attached hereto, and made a part hereof as though fully set forth and the Executive Director is authorized and empowered to expend such sum for the purpose of such account, but with no expenditure by any office or department for any item within an account shall exceed the amount budgeted therefore without prior written approval of the Executive Director. PASSED, APPROVED and ADOPTED this 12th day of June, 2007. rector of the Housing t Corporation ATTEST: Agency Secretary STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS. CITY OF ROSEMEAD ) 40 I, Nina Castruita, City Clerk of the City of Rosemead, do hereby certify that the foregoing Resolution No. 2007-01 being: A RESOLUTION OF THE HOUSING DEVELOPMENT CORPORATION OF THE CITY OF ROSEMEAD ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR 2007-08 AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED was duly and regularly approved and adopted by the Rosemead Housing Development Corporation on the 12th of June, 2007, by the following vote to wit: Yes: Clark, Low, Nunez, Taylor, Tran No: None Absent: None Abstain: None . Nina Castruita Agency Secretary