RESOLUTION NO. 2005-05
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MONTEREY PENINUSULA WATER MANAGEMENT DISTRICT
ADOPTING THE BUDGET FOR FISCAL YEAR 2005-06
WHEREAS, the General Manager has
proposed a budget for Fiscal Year 2005-06, a copy of which is on file at the
WHEREAS, the Board of Directors has
examined, and deliberated on, the budget during meetings held on May 3, May 26
and June 20, 2005.
NOW, THEREFORE BE IT RESOLVED by the
Board of Directors of the Monterey
Peninsula as follows:
- That the said budget as approved at the June 20, 2005
Board of Directors Meeting is hereby approved and adopted as the budget
for the Monterey Peninsula Water Management District for Fiscal Year
- That the General Manager may delegate the authority
to implement this resolution to the Administrative Services Manager/Chief
- That the General Manager is authorized and directed
to transfer funds from one activity to another within a given fund, and
from one Division to another Division, as such times are appropriate, in
accordance with generally-accepted accounting principles and consistent
with the objectives outlined in the approved budget.
- That the budget maintains a general operating reserve
for economic uncertainties, which is not less than 5% of the budget.
- That any contract for professional services, or other
expenditures for procuring equipment, supplies or services, included in
the budget that exceeds $2,000 shall be executed by the General Manager
only upon approval by the Board of Directors at a meeting of the Board of
On a motion by
Director __________ and seconded by Director ___________ the
foregoing resolution is duly adopted this 20th day of June 2005 by
the following votes:
Arlene Tavani, Deputy Secretary to
the Board of Directors of the Monterey Peninsula Water Management District,
hereby certify that the foregoing is a resolution duly adopted on the 20th
day of June 2005.
my hand and seal of the Board of Directors this ____ day of June 2005.
††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† Arlene Tavani