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RESOLUTION NO. BCBFA 2017-01 <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, 2017, AND <br />ENDING JUNE 30, 2018, AND APPROPRIATING FUNDS FOR <br />ACCOUNTS, DEPARTMENTS, DIVISIONS, PROGRAMS, OBJECTS AND <br />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, 2017 through June 30, 2018. <br />(ii) Copies of said Proposed Budget are on file in the Office of the Secretary and <br />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, 2017 <br />and ending June 30, 2018, and consists of the estimated and anticipated expenditures and <br />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 />2017-18. All obligations and expenditures shall be incurred and made in the manner <br />provided by the provisions of State law and Authority resolutions applicable to purchasing <br />1 June 6, 2017 <br />RESO. BCBFA 2017-01 <br />