061 of 2011 - adopting the final budget of the Capital Projects Fund of the Local Building Authority for FY 2011-2 R 11-1
B 11-9
Resolution No. 61 of 2011
(Adopting the Final Budget for the Capital Projects Fund of the Local Building Authority
of Salt Lake City,Utah for Fiscal Year 2011-2012)
A Resolution Adopting the Final Budget for the Capital Projects Fund of the
Local Building Authority of Salt Lake City, Utah, for the remainder of the Fiscal Year
Beginning July 1, 2011 and Ending June 30,2012.
PREAMBLE
WHEREAS,the Salt Lake City Council has created the Local Building Authority
of Salt Lake City,Utah (the "Building Authority"), and has appointed Gina Chamness as
the Budget Officer of the Building Authority (the"Budget Officer"); and
WHEREAS,the Budget Officer previously filed with the Board of Directors (the
"Board") of the Building Authority a tentative budget for the capital projects fund of the
Building Authority(the Building Authority not having any operational expenses and
therefore no need for an operating budget); and
WHEREAS, on November 22, 2011 the Board adopted the tentative budget by
Resolution No.56 of 2011; and
WHEREAS,the tentative budget adopted by the Board and all supporting
schedules and data was a public record in the office of the Secretary of the Building
Authority, available for public inspection for a period of at least ten days before the
adoption of the final budget; and
WHEREAS, following due notice of a public hearing published at least seven
days before the hearing (a) in at least one issue of a newspaper of general circulation
published in Salt Lake County,Utah and(b) on the Utah Public Notice Website created in
Utah Code Section 6317-1-701, at the November 22, 2011 meeting the Board held a public
hearing on the budget tentatively adopted, at which hearing all interested persons in
attendance were given an opportunity to be heard on the estimates of revenues and
expenditures or any item in the tentative budget.
NOW, THEREFORE, be it resolved by the Board of Directors of the Local
Building Authority of Salt Lake City,Utah, as follows:
1. The purpose of this resolution is to adopt a final budget for the capital
projects fund of the Building Authority for fiscal year 2011-2012. All conditions
precedent to the adoption of the final budget have been accomplished.
2. The budget attached hereto and made a part of this resolution shall be, and
the same hereby is adopted as,the final budget for the capital projects fund of the
Building Authority for remainder of the fiscal year 2011-2012, in accordance with the
Fiscal Procedures for Local Districts Act,Utah Code Title 17B, Chapter 1, Part 6.
3. The Budget Officer is hereby authorized and directed to certify and file a
copy of said final budget in the office of the Secretary of the Building Authority, City and
County Building, 451 South State Street, Room 415, Salt Lake City,Utah as required by
Utah Code Section 17B-1-615. Said final budget shall be available to the public for
inspection during regular business hours.
4. The Budget Officer is hereby authorized and directed to certify and file a
copy of said final budget with the State Auditor as required by Utah Code Section 17B-1-
614 within 30 days after its adoption.
5. This Resolution shall take effect immediately upon its approval and adoption.
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Passed by the Board of Directors of the Local Building Authority of Salt Lake
City,Utah,this 13th day of December , 2011.
Bv�11NGgG
S 2! PRESIDENT
4
IV
ATTEST:
APA
(2VATARY
APPROVED AS TO FORM
Salt Lake City Attorney's Office
Date -2 2
�Y
HB ATTY-#20864-vl-Local building authority_final budget resolution_201 LDOC
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Tenative Budget
Salt Lake City Local Building Authority,FY 2011-12
Capital Projects Fund
Revenue from Bond Proceeds: 615,000
66- New Cost Center 1980
Expenses—property purchase 615,000
66- New Cost Center 2700
Difference
I