2009 07 07 FA� T
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, JULY 7, 2009 — 4:00 P.M.
Beginning Resolution No. FA 2009-002
CALL TO ORDER
Roll Call:
Board Members: Evans, Franklin, Henderson, Sniff, and Chairman Adolph
PUBLIC COMMENT
At this time members of the public may address the Financing Authority on any matter not
listed on the agenda. Please complete a "request to speak" form and limit your comments
to three minutes.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1. APPROVAL OF MINUTES OF JUNE 16, 2009.
CONSENT CALENDAR
1. ADOPTION OF A RESOLUTION APPROVING THE FISCAL YEAR 2009/2010
LA QUINTA FINANCING AUTHORITY BUDGET.
001
Financing Authority Agenda 1 July 7, 2009
BUSINESS SESSION - NONE
AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
The next regular meeting of the Financing Authority will be held on July 21, 2009,
at 4:00 p.m. in the City Council Chambers, 78-495 Calle Tampico, La Quinta, CA
92253.
DECLARATION OF POSTING
I, Veronica Montecino, City Clerk of the City of La Quinta, do hereby declare that
the foregoing agenda for the La Quinta Financing Authority meeting of July 7,
2009, was posted on the outside entry to the Council Chamber at 78-495 Calle
Tampico and on the bulletin boards at 51-321 Avenida Bermudas and 78-630
Highway 1 1 1, on July 2, 2009.
DATED: ly 2, 2NTECINO,
VERONICA J. City Clerk
City of La Quinta, California
Public Notice
Any writings or documents provided to a majority of the Financing Authority regarding any
item on this agenda will be made available for public inspection at the City Clerk counter at
City Hall located at 78-495 Calle Tampico, La Quinta, California, 92253, during normal
business hours.
7, 2009 �''n 002
Financing Authority Agenda 2 July
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AGENDA CATEGORY:
COUNCILIRDA MEETING DATE: July 7, 2009 BUSINESS SESSION:
ITEM TITLE: Adoption of a Resolution Approving the CONSENT CALENDAR:
Fiscal Year 2009-2010 La Quinta Financing Authority
Budget STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Adopt a Resolution of the La Quinta Financing Authority approving the Fiscal Year
2009-2010 La Quinta Financing Authority Budget.
SEE CITY COUNCIL STAFF REPORT
n. n 003
RESOLUTION NO. FA 2009-
A RESOLUTION OF THE LA QUINTA FINANCING
AUTHORITY APPROVING A BUDGET FOR FISCAL
YEAR 2009-2010
WHEREAS, each year the La Quinta Financing Authority adopts a Budget for
Revenues and Expenditures for the upcoming Fiscal Year; and
WHEREAS, the Financing Authority desires to make provisions for a level of
services commensurate with the needs of the City; and
WHEREAS, the Financing Authority has reviewed said budget and has had
several public meetings to receive public input; and
WHEREAS, the 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 2009-2010 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
.... " 004
Resolution No. FA 2009-
Budget Approval FY 2009-2010
Adopted: July 7, 2009
Page 2
shall not exceed the approved project budget
SECTION 3. The Executive Director shall render a monthly report to the
Financing Authority on the status of City operations as it relates to the approved
budget and any amendments thereto.
PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta Financing
Authority held on this 7`h day of July, 2009, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
DON ADOLPH, Chairman
La Quinta Financing Authority
I'a1i11;&f
VERONICA J. MONTECINO, CMC, Secretary
La Quinta Financing Authority
(SEAL)
APPROVED AS TO FORM:
M. KATHERINE JENSON, Authority Counsel
La Quinta Financing Authority
005