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HomeMy WebLinkAbout2003-06-26 - Resolution No. 03-03RESOLUTION NO. 03-03 1 RESOLUTION OF THE BOARD OF DIRECTORS OF YORBA LINDA WATER DISTRICT ADOPTING THE BUDGET FOR FISCAL YEARS 2003-04 AND 2004-05 AND RESCINDING RESOLUTION NO. 01-08 WHEREAS, the Yorba Linda Water District has prepared a two year budget for fiscal years 2003-04 and 2003-04; and, WHEREAS, Oil June 12, 2003, the proposed budget was presented to and reviewed by the Board of Directors of the District at a Regular meeting; and, WHEREAS, Oil June 26, 2003, the budget for fiscal years 2003-04 and 2003-04 was considered by the Board of Directors at a Regular meeting, and, WHEREAS, it is the desire of the Board of Directors to adopt the budget for fiscal years 2003-04 and 2003-04, and rescind Resolution No. 01-08. NOW THEREFORE BE IT RESOLVED by the Board of Directors of the Yorba Linda Water District as follows: Section 1. That the budget for fiscal years 2003-04 and 2003-04, set forth in Exhibit "A" attached hereto, is hereby approved and adopted. Section 2. The budget for fiscal years 2003-04 and 2003-04, including the budget authority guidelines recommended to administer the budget, is in full force and effect beginning on July 1, 2003, and continuing until this Resolution is rescinded by the Board of Directors. Section 3. That Resolution No. 01-08 and all conflicting minute orders are hereby rescinded effective on July 1, 2003. PASSED AND ADOPTED this 26th day of June, 2003, by the following called vote: Ayes: Noes: Absent: Abstain Paul Armstrong, Michael Beverage, John Summerfield Arthur C. Korn William R. Mills None resident, John W. Summerfeld Yorba Linda Water District Yorba Linda Water District