CC Resolution 2018-035 FY 2018-19 Budget & AppropriationsRESOLUTION NO. 2018 - 035
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA
QUINTA, CALIFORNIA, ESTABLISHING THE CITY'S
APPROPRIATION LIMIT FOR FISCAL YEAR 2018/19 AND
APPROVING A BUDGET FOR FISCAL YEAR 2018/19
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 capital improvement
program 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 and capital improvement program 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
2018/19 is $129,043,889.
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 2018/19 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 2018/19 Budget and capital improvement program which
is on file with the City Clerk is hereby approved.
Resolution No. 2018-035
Budget Approval FY 2018/19
Adopted June 19, 2018
Page 2 of 3
SECTION 4. Continuing appropriations which remain unspent and were authorized by
Council in Fiscal Year 2017/18 are approved in the Fiscal Year 2018/19 Budget in an
amount not to exceed $10,433,700 (Exhibit A).
SECTION 5. 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 departments or capital
projects shall be made only upon City Council approval.
C. Transfers of budgeted appropriations between accounts within a
department 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 and grant appropriations remaining from
uncompleted prior year capital projects and grant programs 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 6. The City Council, recognizing the need for maintaining Fund Balance
reserves has established a Reserve Policy. These funds cannot be appropriated without
the explicit approval of the City Council. General Fund Reserves Overview (Exhibit B)
will be used in the Fiscal Year 2017/18 Comprehensive Annual Financial Report "CAFR."
SECTION 7. 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.
PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City
Council held on this 19th day of June, 2018, by the following vote:
AYES: Council Members Fitzpatrick, Pena, Radi, Sanchez, Mayor Evans
NOES: None
ABSENT: None
ABSTAIN: None
Resolution No. 2018-035
Budget Approval FY 2018/19
Adopted June 19, 2018
Page 3 of 3
LINDA EVANS, Mayor
City of La Quinta, California
ATTEST:
MONIKA RA EVA, Acting City Clerk
City of La Quinta, California
(SEAL)
APPROVED AS TO FORM:
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
EXHIBIT A
RESOLUTION NO. 2018-035
Continuing Appropriations/Carryovers from 2017118 to 2018/19
Vendor/Program
Account Number
Description
Amount
TOT Rebate Program
101-1007-60536
Ironman Event & Unassigned
$ 90,000
Ironman Event
101-3003-60149
December 2018 Contribution
37,500
Accounting and Auditing Services
101-1006-60103
Professional Services
29,000
Washington Street Apts Rehabilition Project
248-9102-60103
Professional Services
145,000
Washington Street Apts Rehabilition Project
248-9102-60159
Relocation Benefits
190,000
Washington Street Apts Rehabilition Project
248-9102-60185
Design/Construction
240,200
Washington Street Apts Rehabilition Project
248-9102-60198
Planning & Development
807,000
Washington Street Apts Rehabilition Project
249-9102-60188
Construction
8,895,000
TOTAL CARRYOVERS
$10,433,700
NOTE. All carryovers are estimates based on projected invoices to end 2017118. Upon completion of the final audit (October
2018), Finance will verify account balances and carryover remaining funds. In no event shall a carryover exceed the per account
amount noted above.
EXHIBIT B
RESOLUTION NO. 2018-035
�LAQUINTA-
GENERAL
FUND RESERVES
Based on Adopted Budqet
for 2018/19
UTI-CATED
•• 6/30/19
LOAN PAYMENT
TO GENERAL
FUND FROM
OPERATING
ESTIMATED GENERAL FUND
ESTIMATED AT
SUCCESSOR
SURPLUS
ESTIMATED
AT
RESERVES
6-30-2018
AGENCY
/(SHORTFALL)
6/30/2019
NATURAL DISASTER
$
7,400,000
$
7,400,000
ECONOMIC DISASTER
$
8,140,000
$
8,140,000
CASH FLOW
$
5,000,000
$
5,000,000
CAPITAL REPLACEMENT
$
5,000,000
$
5,000,000
DESIGNATED FOR SPECIFIC USE
(PENSION TRUST)
$
2,000,000
$
2,000,000
UNAPPROPRIATED
$
7,993,926
$ 2,490,453
$ 65,751
$
10,550,130
TOTAL ESTIMATED RESERVES
$
35,533,926
$ 2,490,453
$ 65,751
$
38,090,130
SUMMARY
RESERVES 6/30/17 $
NET CHANGE $
RESERVES 6/30/19 $
35,533,926 _ _ _ Net change, $2,556,204
2,556,204
38,090,130
CALCULATION FOR REDEVELOPMENT AGENCY LOAN REPAYMENT
FY 2018/19 Approved Repayment $ 3,113,066 x 80% = 2,490,453 General Fund
$ 3,113,066 x 20% = 622,613 RDA Low -Mod Housing Fund
3,113,066
ESTIMATED FUND BALANCE
ESTIMATED AT
6-30-2018
ADDITIONS
DELETIONS
ESTIMATED AT
6/30/2019
SALES TAX (MEASURE G)
$ 4,702,313
$ 2,208,887
$ 6,911,200
PUBLIC SAFETY FIRE SERVICE TRUST
$ 9,450,000
$ (300,000)
$ 9,150,000
CARRYOVERS AND CAPITAL PROJECTS
(GENERAL FUND ONLY)
$ 6,200,000
$ 156,500
$ 6,356,500