RHDC - 2019-04 - Adopting Annual Operating and Capital Improvement Budget for Fiscal Year 2019-20 RESOLUTION NO.2019-04 RHDC
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT
CORPORATION ADOPTING THE ANNUAL OPERATING
AND CAPITAL IMPROVEMENT BUDGET FOR THE FISCAL
YEAR 2019-20
WHEREAS, a proposed annual budget for the Rosemead Housing Development
Corporation for the Fiscal Year commencing July 1,2019 and ending June 30,2020 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 2019-20 Annual Operating and Capital Improvement Program Budget is
hereby adopted in-the amount of$910,400.
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 2019-20 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 11th day of June, 2019.
C&
Margaret Clark, Mayor
APPROVED AS TO FO ATTEST:
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Rachel Richman, City Attorney Ericka Hernandez, City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) §
CITY OF ROSEMEAD )
I,Ericka Hernandez,City Clerk of the City Council of the City of Rosemead,California,do hereby
certify that the foregoing City Council Resolution,No. 2019-04 RHDC, was duly adopted by the
City Council of the City of Rosemead,California,at a regular meeting thereof held on the 11th day
of June, 2019,by the following vote,to wit:
AYES: ARMENTA, CLARK, DANG, LOW, LY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
Ericka Hernandez, City Clerk