ARRA Resolution 38ALAMEDA REUSE AND REDEVELOPMENT AUTHORITY
RESOLUTION NO. 3
APPROVING INTERIM EXPENDITURES PRIOR TO ADOPTION OF
THE OPERATING BUDGET FOR FISCAL YEAR 2006 -2007
I
WHEREAS, State law requires that the Alameda Reuse and
Redevelopment Authority adopt an annual budget representing a financial plan
for conducting the affairs of the Alameda Reuse and Redevelopment Authority
for the fiscal year beginning July 1, 2006 and ending June 30, 2007; and
WHEREAS, there will be submitted to the Alameda Reuse and
Recevelopment Authority at a future meeting the Operating Budget and Capital
Improvements for fiscal year 2006 -07; and
WHEREAS, the proposed Operating Budget and Capital Improvements
for Fiscal Year 2006 -07 includes several expenditures prior to the adoption of
the Alameda Reuse and Redevelopment Authority Operating Budget and
Capital Improvements.
NOW, THEREFORE, BE IT RESOLVED that the Alameda Reuse and
Redevelopment Authority hereby approves interim expenditures of the Alameda
Reuse and Revevelopment Authority prior to the approval of the Operating
Budget and Capital Improvements for Fiscal Year 2006 -07 at the levels set by
the City Operating and Capital Improvement Budget for 2005 -06 to allow
payment of routine expenses including payroll and vendor expenses at prior
year's level.
I, the undersigned, hereby certify that the foregoing Resolution was duly
and regularly adopted and passed by the Governing Board of the Alameda
Reuse and Redevelopment Authority in regular meeting assembled on the 20th
day of June, 2006, by the following vote to wit:
AYES: 5
NOES: 0
ABSENT: 0
ABSTENTIONS: 0
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the
official seal of the said Authority this 20th day of June, 2006.
(Lr�a!& Secretary
Alameda Reuse and Redevelopment Authority
Alameda R6,use ac Redevelopment Authority