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RESOLUTION NO. BCBFA 2019-01 <br />A RESOLUTION OF THE BREA COMMUNITY BENEFIT FINANCING <br />AUTHORITY ADOPTING AN OPERATING BUDGET FOR SAID <br />AUTHORITY FOR THE FISCAL YEAR COMMENCING JULY 1, 2019, <br />AND ENDING .TUNE 30, 2020, AND APPROPRIATING FUNDS FOR <br />ACCOUNTS, DEPARTMENTS, DIVISIONS, PROGRAMS, OBJECTS <br />AND PURPOSES THEREIN SET FORTH <br />A. RECITALS: <br />(i) The Executive Director has, heretofore, presented to the Authority Directors <br />the "Proposed Budget" for the fiscal year July 1, 2019 through June 30, 2020. <br />(ii) Copies of said Proposed Budget are on file in the Office of the Secretary <br />and said Proposed Budget is hereby made a part of this Resolution. <br />B. RESOLUTION: <br />NOW, THEREFORE, be it is found, determined and resolved by the Brea <br />Community Benefit Financing Authority as follows: <br />1. Said Proposed Brea Community Benefit Financing Authority Budget is <br />hereby adopted as the Budget of the Authority for the fiscal year commencing July 1, <br />2019 and ending June 30, 2020, and consists of the estimated and anticipated <br />expenditures and revenues for the fiscal year. <br />2. There are hereby appropriated for obligation and expenditure by the <br />Executive Director the amounts shown for the various funds and accounts separately set <br />forth in the Brea Community Benefit Financing Authority Proposed Budget for fiscal year <br />2019-20. All obligations and expenditures shall be incurred and made in the manner <br />RESO NO. BCBFA 2019-01 <br />June 18. 2019 <br />1 <br />