CC - 2017-27 - Adopting the Annual Operating and Capitol Improvement Budget for the 2017-18 Fiscal Year RESOLUTION NO. 2017-27
A RESOLUTION OF THE ROSEMF,AD HOUSING DEVELOPMENT
CORPORATION ADOPTING THE ANNUAL OPERATING AND CAPITAL
IMPROVEMENT BUDGET FOR THE 2017-18 FISCAL YEAR
WHEREAS, a proposed annual budget for the Rosemead Housing Development
Corporation for the Fiscal Year commencing July 1,2017 and ending June 30,2018 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 CITY COUNCIL OF THE CITY OF ROSEMEAD, DOES
HEREBY RESOLVE, DECLARE,DETERMINE, AND ORDER AS FOLLOWS:
SECTION 1.The 2017-18 Annual Operating and Capital Improvement Program Budget is
hereby adopted in the amount of$1,553,100.
SECTION 2. 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 2017-18 Adopted Column.
SECTION 3.The Corporation Secretary shall certify to the adoption of this resolution and
hereafter the same shall be in full force and effect.
PASSED,APPROVED, AND ADOPTED this 27th day of June, 2017.
Tht
Polly Low,Mayor
APPROVED AS TO FORM: ATTEST:
1
Rachel Richman, City Attorney Mare Donohue, City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) §
CITY OF ROSEMEAD
I, Marc Donohue, City Clerk of the City Council of the City of Rosemead, California, do hereby
certify that the foregoing City Council Resolution, No. 2017-27, was duly adopted by the City
Council of the City of Rosemead, California, at a regular meeting thereof held on the 27th day of
June, 2017, by the following vote, to wit:
AYES: ALARCON, ARMENIA, CLARK, LOW, LY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
S
Marc Donohue, City Clerk