RDA Resolution 2008-004RESOLUTION N0. RA 2008-004
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY APPROVING A BUDGET FOR FISCAL YEAR
2008-2009
WHEREAS„ each year the La Quinta Redevelopment Agency adopts a Budget
for Revenues and Expenditures for the upcoming Fiscal Year; and
WHEREAS„ the La Quinta Redevelopment Agency desires to make provisions
for a level of services commensurate with the needs of the City; and
WHEREAS„ the La Quinta Redevelopment Agency has reviewed said budget and
has had several public meetings to receive public input; and
WHEREAS„ the La Quinta 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 Quinta Redevelopment Agency
to adopt, as follows:
SECTION 1. The Fiscal Year 2008-2009 Budget which is on file with the La
Quinta Redevelopment Agency Secretary, is hereby approved.
SECTION 2. Continuing Appropriations which remain unspent and were
authorized by Council in Fiscal Year 2007-2008 are approved in the Fiscal Year 2008-
2009 Budget in an amount not to exceed 57,902,127 (Attachment 1).
SECTION 3. 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.
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.
Resolution No. RA 2008-004
Budget FY 200812009
Adopted: July 15, 2008
Page 2
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
Quinta 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 Quinta
Redevelopment Agency Board this 15th day of July, 2008, by the following vote:
AYES: Board Members Adolph, Henderson, Osborne, Sniff, Chairman Kirk
NOES: None
ABSENT: None
ABSTAIN: None
TOM IRI ,Chairman
La Qui Redevelopment Agency
ATTEST:
VERONICA J~POfONTECINO, Agency Secretary
La Quinta Redevelopment Agency
(SEAL)
Resolution No. RA 2008-004
Budget FY 2008/2009
Adopted: July 15, 2008
Page 3
Redevelopment
APPROVED AS TO FORM: