HomeMy WebLinkAboutPFA Reso No 2010-002RESOLUTION NO. PFA 2010-02 PFA
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE LAKE ELSINORE
PUBLIC FINANCING AUTHORITY ADOPTING THE AUTHORITY'S BUDGET
FOR THE FISCAL YEAR 2010-2011
WHEREAS, the City of Lake Elsinore has a policy of adopting an annual operating
budget to plan expenditures and to match anticipated revenues available in various City
accounts in order to make the most efficient use of the City's limited resources for each fiscal
year; and
WHEREAS, the City of Lake Elsinore Municipal Code Section 3.04.010 defines the
fiscal year for the City of Lake Elsinore as extending from July 15t of each year to and including
June 30th of the following year; and
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE LAKE ELSINORE
PUBLIC FINANCING AUTHORITY DOES HEREBY RESOLVE, DETERMINE AND ORDER
AS FOLLOWS:
SECTION 1. The Lake Elsinore Public Financing Authority Budget is hereby approved
and adopted as the budget of the Lake Elsinore Public Authority for the 2010-2011 fiscal year.
SECTION 2. A copy of the Lake Elsinore Public Financing Authority Operating Budget
hereby adopted and certified by the City Clerk shall be filed with the City Manager or a
designated representative, and a further copy so certified shall be placed and shall remain on
file in the Office of the City Clerk where it shall be available for inspection. Copies of the
certified budgets shall be made available for the use of departments, offices and agencies of
the City.
SECTION 3. This Resolution shall take effect from and after the date of its passage
and adoption.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Board of
Directors of the Lake Elsinore Public Financing Authority this 22nd day of June 2010.
A -RYCHICkMAN, CHAIRPERSON
'TAKE ELSINORE PUBLIC FINANCING AUTHORITY
CAROL COV\
CITY CLERK
BOARD OF DIRECTORS RESOLUTION NO. PFA 2010-
Page 2 of 2
APPROVED AS TO FO M:
&~Iz6r
RBARA ID LEIBOLD
CITY ATTORNEY
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
LAKE ELSINORE RECREATION AUTHORITY )
I, CAROL COWLEY, City Clerk of the City of Lake Elsinore, California, hereby
certify that Resolution No. REC 2010-02 PFA was adopted by the Board of Directors of
the Lake Elsinore Public Financing Authority at a regular meeting held on the 22nd day
of June 2010, and that the same was adopted by the following vote:
AYES: AUTHORITY MEMBERS: BUCKLEY, MAGEE, MELENDEZ,
VICE-CHAIR BHUTTA, CHAIRMAN HICKMAN
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
C O ZObW EY
CITY CLERK