CC Resolution 2012-038RESOLUTION NO. 2012 - 038
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA QUINTA, CALIFORNIA, ESTABLISHING THE CITY'S
APPROPRIATION LIMIT FOR FISCAL YEAR 2012/2013
AND APPROVING A BUDGET FOR FISCAL YEAR
2012/2013
WHEREAS, each year the La Quinta City Council adopts a Budget for Revenues
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
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
WHEREAS, Section 7902(b) of 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 City 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
accordance with Section 7902(b) of the California Government Code, for Fiscal Year
2012-2013 is $96,357,500.
SECTION 2. It is hereby found and determined that in compliance with Government
Code Section 7910, the documentation used in the determination of said
appropriations limit for Fiscal Year 2012/2013 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.
SECTION 3. The Fiscal Year 2012/2013 Budget which is on file with the City Clerk is
hereby approved.
Resolution No. 2012-038
Budget Approval FY 2012/2013
Adopted July 3, 2012
Page 2
SECTION 4. The Successor Agency to 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 2011 /2012 are approved in the Fiscal Year 2012/2013 Budget
in an amount not to exceed $1,247,684 of which $119,564 will be offset by grant
funding (Exhibit A).
SECTION 6. Encumbrances for Fiscal Year 2012/2013 for committed appropriations
are approved in the Fiscal Year 2011 /2012 Budget in an amount not to exceed
$73,069 of which $0 will be offset by grant funding (Exhibit A).
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 Council, recognizing the need for maintaining Fund Balance
reserves has established a General Fund Cash Flow Reserve for Fiscal Year 2012/2013
of 8.25% of the Fiscal Year 2012/2013 budget which amounts to $3,185,984 for
Fiscal Year 2012/2013, and has also established a General Fund Emergency Reserve
Resolution No. 2012-038
Budget Approval FY 2012/2013
Adopted July 3, 2012
Page 3
for Fiscal Year 2012/2013 of 35% of the Fiscal Year 2012/2013 budget plus
$4,000,000 which amounts to $17,516,295. The two aforementioned
reserve categories cannot be appropriated without the explicit approval of the City
Council. In addition, the following are the estimated reserves to General Fund Balances
as of June 30, 2012 including the already mentioned cash flow and emergency reserve
amounts:
City of La Quinta
Reserves & Designations
Fiscal Year End 201 1 /2012
General Fund:
Advances to other funds
$15,525,000
Deposits
9,830
Prepaids
1,500
Encumbrances & Carryover appropriations
1,041,172
Less revenue offsets
(119,564)
Debt service payment
173,426
Post retirement health care benefits
1,523,401
Land held for resale
8,320,000
Future operational deficit
3,184,702
Cash flow
3,185,984
Emergency reserve
17,516,295
Continuing operation and projects
39,339,226
$89, 700.972
Other Funds:
Encumbrances & Carryover appropriations
JAG Grant $7,989
AB 939 11,916
Quimby 200,000
Information Technology 59,676
Capital Projects - net 0
SECTION 9. 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. 2012-038
Budget Approval FY 2012I2013
Adopted July 3, 2012
Page 4
PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City
Council held on this 3'd day of July, 2012, by the following vote:
AYES: Council Members, Evans, Franklin, Henderson, Osborne, Mayor Adolph
NOES: None
ABSENT: None
ABSTAIN: None
DON AD LPH, yor
City of La Quinta, California
ATTEST:
SUSAW-MAYSELS, lnt6Am City Clerk
City of La Quinta, California
'(CIT.Y SEAL)'
M. KATHERINE JENSO,N, sty Attorney
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