CC - 2015-06 - Adopting the Annual Operating and Capital Improvement Budget for the 2015-16 Fiscal YearRESOLUTION NO. 2015 -06
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION
ADOPTING THE ANNUAL OPERATING AND CAPITAL IMPROVEMENT BUDGET
FOR THE 2015 -16 FISCAL YEAR
WHEREAS, a proposed annual budget for the Rosemead Housing Development
Corporation for the Fiscal Year commencing July 1, 2015 and ending June 30, 2016 was
submitted to the Housing Development Corporation Board of Directors for its review and
consideration and the proposed annual budget is on file in the Corporation Secretary's office;
and
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE ROSEMEAD
HOUSING DEVELOPMENT CORPORATION DOES RESOLVE AS FOLLOWS:
4. The 2015 -16 Annual Operating and Capital Improvement Program Budget is hereby
adopted in the amount of $825,500.
5. There is hereby appropriated to each account group set forth in the "Detail Budget"
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 2015 -16 Requested Column.
6. 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 91h day of June, 2015.
Marg et Clark, President
ATTEST:
e .
Gloria Molleda
Corporate Secretary
APPROVED AS TO FORM:
Rachel Richman
City 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. 2015 -06 being:
A RESOLUTION OF THE ROSEMEAD HOUSING
DEVELOPMENT CORPORATION ADOPTING THE
ANNUAL OPERATING AND CAPITAL
IMPROVEMENT BUDGET FOR THE 2015.16 FISCAL
YEAR
was duly and regularly approved and adopted by the Rosemead Housing Development
Corporation on the 9th of June, 2015, by the following vote to wit:
Yes: Alarcon, Armenta, Clark, Low, Ly
No: None
Abstain: None
Absent: None
Gloria Molleda
Corporation Secretary