R 4019RESOLUTION NO. 4019
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARROYO GRANDE ADOPTING FISCAL YEARS 2007-08 &
2008-09 BI-ANNUAL BUDGET AND MAKING
APPROPRIATIONS FOR THE AMOUNT BUDGETED
WHEREAS, a proposed Bi-Annual Budget for the City of Arroyo Grande for the Fiscal
Years commencing July 1, 2007 and ending June 30, 2008 and commencing July 1, 2008
and ending June 30, 2009 was submitted to the City Council and is on file with the Director
of Administrative Services; and
WHEREAS, the City Council also serves as the Redevelopment Agency Board of
Directors; and
WHEREAS, by adopting this budget the Agency finds that the planning and administrative
expenses charged to the Low and Moderate Income Housing Fund are necessary for the
production, improvement, or preservation of low- and moderate-income housing. H&S
Code 33334.3(d); and
WHEREAS, proceedings for adoption of said Budget have been duly taken; and
WHEREAS, staff made certain revisions, corrections, and modifications as reflected in the
June 12, 2007 staff report; and
WHEREAS, the total budget for FY 2007-08 is $24,632,260 and $25,255,158 for FY 2008-
09.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE DOES
RESOLVE AS FOLLOWS:
SECTION 1. The Budget, as amended, is adopted as the Bi-Annual Budget for the City of
Arroyo Grande for the Fiscal Years commencing July 1, 2007 and ending June 30, 2008
and commencing July 1, 2008 and ending June 30, 2009.
SECTION 2. At the close of each Fiscal Year, unexpended appropriations in the Operating
Budget will be carried forward to the next fiscal year as necessary to underwrite the
expense of outstanding purchase commitments. Unexpended appropriations for authorized,
but uncompleted projects as approved by the City Council, may be carried forward to the
next succeeding Budget upon recommendation by the Financial Services Director and
approval of the City Manager.
On motion of Council Member Costello, seconded by Council Member Guthrie, and on the
following roll call vote, to wit:
AYES: Council Members Costello, Guthrie, Fellows, and Mayor Ferrara
NOES: None
ABSENT: Council Member Arnold
the foregoing Resolution was passed and adopted this 12`h day of June, 2007
RESOLUTION NO. y01q
PAGE 2
TONYFERR AYOR
ATTEST:
KELLY WETMflRE, CITY CLERK
APPROVED AS TO CONTENT:
STEAMS, CITY MANAGER
APPROVED AS TO FORM:
TINJ THY J C EL, CITY ATTORNEY
OFFICIAL CERTIFICATION
I, KELLY WETMORE, City Clerk of the City of Arroyo Grande, County of San Luis
Obispo, State of California, do hereby certify under penalty of perjury, that the attached
Resolution No. 4019 is a true, full, and correct copy of said Resolution passed and
adopted at a regular meeting of the City Council/Redevelopment Agency of the City of
Arroyo Grande on the 12'h day of June 2007.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 13'h day of
June 2007.
KELLY ET ORE, CITY CLERK