FA Resolution 2001-03RESOLUTION NO. FA 2001-03
A RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY
APPROVING A BUDGET FOR FISCAL YEAR 2001-2002
WHEREAS, each year the La Quinta Financing Authority adopts a Budget for
Revenues and Expenditures for the upcoming Fiscal Year; and
WHEREAS, the La Quinta Financing Authority desires to make provisions for a
level of services commensurate with the needs of the City; and
WHEREAS, the La Quinta Financing Authority has reviewed said budget and has
had several public meetings to receive public input; and
WHEREAS, the La Quinta Financing Authority has, after due deliberation and
consideration, made such amendments in the proposed budget as it considers
desirable; and
NOW, THEREFORE, BE IT RESOLVED by the La Quinta Financing Authority to
adopt, as follows:
SECTION 1. The Fiscal Year 2001-2002 Budget which is on file with the La
Quinta Financing Authority Secretary, is hereby approved.
SECTION 2. Budget adjustment procedures are approved as follows:
A. Additional appropriations and the transfer of cash or
unappropriated fund balance from one fund to another shall be
made only upon Financing Authority approval.
B. Transfers of budgeted appropriations between divisions or capital
projects shall be made only upon Financing Authority approval.
C. Transfers of budgeted appropriations between accounts within a
division or capital project may be made with the approval of the
Executive Director or his designee.
D. Prior year budget continuing Appropriations and Encumbrances for
unexpended capital project appropriations remaining from
uncompleted prior year capital projects shall be made with
Executive Director approval. These carry-over appropriations are
for prior year Financing Authority approved capital projects and
shall not exceed the approved project budget.
Resolution No. FA 2001-03
Financing Authority Budget
Fiscal Year 2001-2002
Adopted: July 17, 2001
Page 2
SECTION 3. The Executive Director shall render a monthly report to the La
Quinta Financing Authority on the status of Authority operations as it relates to the
approved budget and any amendments thereto.
PASSED, APPROVED and ADOPTED this 17' day of July, 2001, by the
following vote:
AYES: Members Adolph, Henderson, Perkins, Sniff, Chair Pena
NOES: None
ABSENT: None
ABSTAIN: None
JOH4 4. PE A, Chairman
La Q to Fin cing Authority
ATTEST:
JUI REEK, CIVIC, AutlibT4W Secretary
La Quinta Financing Authority
(Authority Seal)
APPROVED AS TO FORM:
— /-;//), Z&' � �-
M. KATHERNE JENSON,/,A6thority Counsel
La Quinta Financing Authority