RESOLUTION NO. 2011-__

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE

MONTEREY PENINUSULA WATER MANAGEMENT DISTRICT

ADOPTING THE BUDGET FOR FISCAL YEAR 2011-12

WHEREAS, the General Manager has proposed a budget for Fiscal Year 2011-12, a copy of which is on file at the District’s office.

WHEREAS, the Board of Directors has examined, and deliberated on, the budget during meetings held on May 26 and June 20, 2011.

NOW, THEREFORE BE IT RESOLVED by the Board of Directors of the Monterey Peninsula as follows:

1. That the said budget as approved at the June 20, 2011 Board of Directors Meeting is hereby approved and adopted as the budget for the Monterey Peninsula Water Management District for Fiscal Year 2011-12.

2. That the General Manager may delegate the authority to implement this resolution to the Administrative Services Manager/Chief Financial Officer.

3. 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.

4. 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 Directors.

On a motion by Director ________ and seconded by Director _________ the foregoing resolution is duly adopted this 20^th day of June 2011 by the following votes:

Ayes:

Nays:

Absent:

I, Darby Fuerst, 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 20^th day of June 2011.

Witness my hand and seal of the Board of Directors this __^th day of June 2011.

___________________________________

Darby Fuerst

Secretary