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CC Resolution 2004-082 :- RESOLUTION NO. 2004-082 ì . . A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINT A, CALIFORNIA, ESTABLISHING THE CITY'S APPROPRIATION LIMIT FOR FISCAL YEAR 2004-2005 AND APPROVING A BUDGET FOR FISCAL YEAR 2004-2005 WHEREAS, each year the La Quinta City Council adopts a Budget for Revefi1ues and Expenditures for the upcoming Fiscal Year; and / WHEREAS, the City Council desires to make provisions for a level of services commensurate with the needs of the City; and WHEREAS, the City Council has reviewed said budget and has had several public meetings to receive public input; and WHEREAS, the City Council has, after due deliberation and consideration, made such amendments in the proposed budget as it considers desirable; and r-- WHEREAS, Section 7910 of the government Code of the State of California ¡ provides that each year the governing body of each local jurisdiction shall, by . resolution, establish its appropriations limit for the following fiscal year; and WHERE.AS, Section 7902(b) Qf the Government Code sets forth the method for determining the said appropriations limit, to be based upon the limit applicable for the prior fiscal year and adjusted for changes in the cost-of-living and in population. NOW, THEREFORE, BE IT RESOLVED by the City of La Quinta to adopt, as follows: SECTION 1. The appropriations limit for the City of La Quinta established in accordanc¡e with Section 7902(b) of the California Government Code, for Fiscal Year 2004-2005 is $56,953,433. SECTION 2. It is hereby found a~d determined that in compliance with Government Code Section 7910, the documentation used in the determination of said appropriations limit for Fiscal Year 2004-2005 was available to the public in the Finance Department of the City and in the Office of the City Clerk at least fifteen days prior to this date. r-- i ! , Resolution No. 2004-082 Budget - FY 2004/2005 Adopted: July 20, 2004 Page 2 SECTION 3. The Fiscal Year 2004-2005 Budget which is on file with the City Clerk, is hereby approved. SECTION 4. The Redevelopment Agency agrees to the reimbursement to the City for services performed by the City on behalf of the Agency. Such reimbursement, as computed and included in the budget document, shall include salary, salary related costs, direct costs, and indirect overhead costs. SECTION 5. Continuing Appropriations which remain unspent and were authorized by Council in Fiscal Year 2003/04 are approved in the Fiscal Year 2004/2005 Budget in an amount not to exceed $1,964,809. SECTION 6. Encumbrances for Fiscal Year 2003/04 for committed appropriations are approved in the Fiscal Year 2004-2005 Budget in an amount not to exceed $80,720. . . SECTION 7. 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 City Council approval. B. Transfers of budgeted appropriations between divisions or capital projects shall be made only upon City Council approval. C. Transfers of budgeted appropriations between accounts within a division or capital project may be made with the approval of the City Manager 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 City Manager approval. These carry-over appropriations are for prior year Council approved capital projects and shall not exceed the approved project budget. SECTION 8. The City Manager shall render a monthly report to the City Council on the status of City operations as it relates to the approved budget and any amendments thereto. \ - -- --- --- --- . . Resolution No. 2004-082 ,..-- Budget - FY 2004/2005 . i Adopted: July 20, 2004 I Page 3 ! .. . PASSED, APPROVED and ADOPTED by the La Quinta City Council at a regular meeting held on this 20th day of July, 2004 by the following vote: AYES: Council Members Henderson, Osborne, Perkins, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None DON ADOLPH, ayor City of La Quinta, California I . ATTEST: i . . d" JU S. GREEK, 0 City of La Quinta, (City Seal) . APPROVED AS T ('/ /~.. I i I ,