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R 4379 RESOLUTION NO. 4379 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE ADOPTING FISCAL YEAR 2011 -12 OF THE FISCAL YEAR 2011 -12 & 2012 -13 BIENNIAL BUDGET AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED WHEREAS, a proposed Biennial Budget for the City of Arroyo Grande for the Fiscal Years commencing July 1, 2011 and ending June 30, 2012 and commencing July 1, 2012 and ending June 30, 2013 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, the total budget for FY 2011 -12 is $22,906,693. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE DOES RESOLVE AS FOLLOWS: SECTION 1. The Budget is adopted as the Biennial Budget for the City of Arroyo Grande for the Fiscal Year commencing July 1, 2011 and ending June 30, 2012. 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 Administrative Services Director and approval of the City Manager. On motion of Council Member Guthrie, seconded by Council Member Brown, and on the following roll call vote, to wit: AYES: Council Members Guthrie, Brown, Ray, and Mayor Ferrara NOES: None ABSENT: Council Member Costello the foregoing Resolution was passed and adopted this 28 day of June, 2011. RESOLUTION NO. PAGE 2 r X e 44.4 A TONY FE , MAYOR ATTEST: i / � SAC" KELLY ET; ORE, CITY CLERK APPROVED AS TO CONTENT: EN ADAMS, CITY MANAGER APPROVED AS TO FORM: TIM HY ARM , 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 Resolution No. 4379 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 28 day of June 2011. WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 30 day of June 2011. KELLY E ORE, CITY CLERK