RDA Resolution 2005-008
RESOLUTION NO. RA 2005-008
A RESOLUTION OF THE LA QUINT A REDEVELOPMENT
AGENCY APPROVING A BUDGET FOR FISCAL YEAR
2005-2006
WHEREAS, each year the La Ouinta Redevelopment Agency adopts a Budget for
Revenues and Expenditures for the upcoming Fiscal Year; and
WHEREAS, the La Ouinta Redevelopment Agency desires to make provisions for
a level of services commensurate with the needs of the City; and
WHEREAS, the La Ouinta Redevelopment Agency has reviewed said budget and
has had several public meetings to receive public input; and
WHEREAS, the La Ouinta Redevelopment Agency 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 Ouinta Redevelopment Agency
to adopt, as fòllows:
SECTION 1. The Fiscal Year 2005-2006 Budget which is on file with the La
Guinta Redevelopment Agency Secretary, is hereby approved.
SECTION 2. Continuing Appropriations which remain unspent and were
authorized by Council in Fiscal Year 2004-05, are approved in the Fiscal Year
2005/2006 Budget in an amount not to exceed $16,516,637 (Attachment 1).
SECTION 3. Encumbrances for Fiscal Year 2004-05 for committed
appropriations are approved in the Fiscal Year 2005-06 budget in an amount not to
exceed $2,781,661 (Attachment 1).
SECTION 4. 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 Redevelopment Agency approval.
B. Transfers of budgeted appropriations between divisions or capital
projects shall be made only upon Redevelopment Agency approval.
Resolution No. RA 2005-008
Budget - Fiscal Year 2005-2006
Adopted: July 19. 2005
Page 2
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 Redevelopment Agency approved capital projects and
shall not exceed the approved project budget.
SECTION 5. The Executive Director shall render a monthly report to the La
Guinta Redevelopment Agency Board on the status of Agency operations as it relates
to the approved budget and any amendments thereto.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Guinta
Redevelopment Agency held on this 19th day of July, 2005, by the following vote, to
wit:
AYES: Members Adolph, Henderson, Sniff, Chairman Osborne
NOES: None
ABSENT: Member Perkins
ABSTAIN: None
E M. OSBORNE, Chairman
La Guinta Redevelopment Agency
ATTEST:
.JU E EEK, CMC, Agen ecretary
La Guinta Redevelopment Agency
(AGENCY SEAL)
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Resolution No. RA 2005-008
Budget - Fiscal Year 2005-2006
Adopted: July 19. 2005
Page 3
APPROVED AS TO FORM:
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