HOU - 2011-02 - Adopting the Annual Operating and Capital Improvement Budget for FY 2011-12RESOLUTION NO. 2011 -02
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT
CORPORATION ADOPTING THE ANNUAL OPERATING AND CAPITAL
IMPROVEMENT BUDGET FOR THE 2011 -12 FISCAL YEAR
WHEREAS, a proposed annual budget for the Rosemead Housing Development
Corporation for the Fiscal Year commencing July 1, 2011 and ending June 30, 2012 was
submitted to the Housing Development Corporation Board of Directors for it's review and
consideration and the proposed annual budget is on file in the Corporation Secretary's office;
and
WHEREAS, on June 28, 2011 a public hearing was held; and
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE ROSEMEAD
HOUSING DEVELOPMENT CORPORATION DOES RESOLVE AS FOLLOWS:
The 2011 -12 Annual Operating and Capital Improvement Program Budget is hereby
adopted in the amount of $1,670,700.
2. There is hereby appropriated to each account group set forth in the "Function,
Performance Levels and Work Plan" of said budget attached hereto, and made a
part hereof as though fully set forth herein, the sum shown for such account groups
in the 2011 -12 Adopted Column.
The President shall sign and the Corporation Secretary shall certify to the passage
and adoption of this Resolution and thereupon the same shall take effect and be in
force.
PASSED, APPROVED and ADOPTED the 28` day of June, 2011.
§fip
Steven Ly, President
ATTEST:
Gloria Molleda, Corp. Secretary
APP V) HV" AS TO FORM:.
ache. Richman , i y Attorney
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD )
I, Gloria Molleda, Corporation Secretary of the City of Rosemead, do hereby certify that the
foregoing Resolution No. 2011 -02 being:
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION ADOPTING
THE ANNUAL OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR THE 2011.12
FISCAL YEAR
was duly and regularly approved and adopted by the Rosemead Housing Development
Corporation on the 28th of June, 2011, by the following vote to wit:
Yes: Alarcon, Armenta, Clark, Ly
No: None
Abstain: None
Absent: Low
Gloria Molleda
Corporation Secretary