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and Finance Director are further authorized to pay all contractual obligations pertaining <br /> to the Successor Agency, including but not limited to payroll, contracts, and other <br /> expenses, incurred between July 1, 2014 and the date that the appropriations are <br /> adopted for Fiscal Year 2014-2015; to this end the Successor Agency appropriates 1/12 <br /> of the amounts that were appropriated for operating purposes in Fiscal Year 2013-2014 <br /> to each fund, to be effective July 1, 2014. Upon adoption of a budget for Fiscal Year <br /> 2014-2015 this appropriation shall be superseded. <br /> SECTION 4. Effective Date and Operative Date. This resolution shall be <br /> effective immediately upon adoption. <br /> * � * <br /> ATTY/RES0.2872/ADOPTING THE SUCCESSOR AGENCY BUDGET FOR FY 2013-14 <br /> REV:06-10-13 VR <br /> Page 2 of 2 <br />