HOU - 2016-07 - Adopting the Annual Operating and Capital Improvement Budget for 2016-17 Fiscal YearRESOLUTION NO. 2016 -07
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION
ADOPTING THE ANNUAL OPERATING AND CAPITAL IMPROVEMENT BUDGET
FOR THE 2016 -17 FISCAL YEAR
WHEREAS, a proposed annual budget for the Rosemead Housing Development
Corporation for the Fiscal Year commencing July 1, 2016 and ending June 30, 2017 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 2016 -17 Annual Operating and Capital Improvement Program Budget is hereby
adopted in the amount of $843,600.
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 2016 -17 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 28th day of June
l IZ 2 � 1 nW
Sandra Armenta, Mayor /
AT �
Ericka Hernandez
Acting Corporate Secretary
APPRgVED.AS -T FORM:
e chel Richman
City Attorney
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD )
I, Ericka Hernandez, Acting Corporate Secretary of the City of Rosemead Housing Development
Corporation, do hereby certify that the foregoing Resolution No. 2016 -07 being:
A RESOLUTION OF THE ROSEMEAD HOUSING
DEVELOPMENT CORPORATION ADOPTING THE ANNUAL
OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR
THE 2016.17 FISCAL YEAR
was duly and regularly approved and adopted by the Rosemead Housing Development
Corporation on the 28th of June, 2016, by the following vote to wit:
AYES:
Alarcon, Armenta, Low
NOES:
Ly
ABSTAIN:
None
ABSENT:
Clark
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Ericka Hernandez
Acting Corporate Secretary