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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. 2 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 3 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