2020 06 16 HA Special MeetingHOUSING AUTHORITY 1 JUNE 16, 2020
SPECIAL MEETING
NOTICE AND CALL OF SPECIAL MEETING
OF THE LA QUINTA HOUSING AUTHORITY
TO THE MEMBERS OF THE LA QUINTA HOUSING AUTHORITY AND TO
THE AUTHORITY SECRETARY:
NOTICE IS HEREBY GIVEN that a Special Meeting of the La Quinta
Housing Authority is hereby called to be held on Tuesday, June 16, 2020,
starting at 4:00 p.m.; at La Quinta City Hall located at 78495 Calle
Tampico, La Quinta, CA 92253. Pursuant to Executive Orders N-25-20, N-
29-20, N-33-20, and N-35-20, executed by the Governor of California in
response to the state of emergency relating to novel coronavirus disease
2019 (COVID-19) and enabling teleconferencing accommodations by
suspending or waiving specified provisions in the Ralph M. Brown Act
(Government Code § 54950 et seq.), members of the Housing Authority, the
Executive Director, Authority Counsel, City Staff, and City Consultants may
participate in this special meeting by teleconference. The special meeting is
called for the following purpose.
CONSENT CALENDAR
1. APPROVE SPECIAL MEETING MINUTES OF JUNE 2, 2020
BUSINESS SESSION
1. ADOPT RESOLUTION TO APPROVE FISCAL YEAR 2020/21 LA
QUINTA HOUSING AUTHORITY BUDGET
[RESOLUTION NO. HA 2020-001]
Dated: June 12, 2020 Robert Radi
ROBERT RADI, Chairperson
Attest:
MONIKA RADEVA
Housing Authority Secretary
HOUSING AUTHORITY 2 JUNE 16, 2020
SPECIAL MEETING
DECLARATION OF POSTING
I, Monika Radeva, Authority Secretary, do hereby declare that the foregoing
notice for the Special La Quinta Housing Authority meeting of June 16, 2020
was posted on the outside entry to the Council Chamber at 78495 Calle
Tampico and on the bulletin boards at 51321 Avenida Bermudas and 78630
Highway 111 on June 12, 2020.
DATED: June 12, 2020
Monika Radeva, Authority Secretary
La Quinta Housing Authority
HOUSING AUTHORITY AGENDA 1 JUNE 16, 2020
SPECIAL MEETING
HOUSING AUTHORITY
AGENDA
CITY HALL COUNCIL CHAMBER
78495 Calle Tampico La Quinta
SPECIAL MEETING
TUESDAY, JUNE 16, 2020 at 4:00 P.M.
******************************
SPECIAL NOTICE
Teleconferencing and Telephonic Accessibility In Effect
Pursuant to Executive Orders N-25-20, N-29-20, N-33-20, and N-35-20,
executed by the Governor of California in response to the state of emergency
relating to novel coronavirus disease 2019 (COVID-19) and enabling
teleconferencing accommodations by suspending or waiving specified
provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.),
members of the Housing Authority, the Executive Director, Authority Counsel,
City Staff, and City Consultants may participate in this meeting by
teleconference. Additionally, pursuant to the above-referenced executive
orders, the public is not permitted to physically attend at City Hall the meeting
to which this agenda applies, but any member of the public may listen or
participate in the open session of this meeting as specified below.
Members of the public wanting to listen to the open session of this meeting
may do so by tuning-in live via http://laquinta.12milesout.com/video/live.
Members of the public wanting to address the Housing Authority either for
public comment or for a specific agenda item, or both, are requested to send
an email notification to the La Quinta City Clerk’s Office at
CityClerkMail@LaQuintaCA.gov, and specify the following information:
Housing Authority agendas and staff
reports are available on the City’s
web site: www.laquintaca.gov
HOUSING AUTHORITY AGENDA 2 JUNE 16, 2020
SPECIAL MEETING
1) Full Name 4) Public Comment or Agenda Item Number
2) City of Residence 5) Subject
3) Phone Number 6) Written or Verbal Comments
The email “subject line” must clearly state “Written Comments” or
“Verbal Comments.”
Verbal public comments – requests to speak must be emailed to the
Authority Secretary no later than 3:00 p.m. on the day of the meeting;
the City will facilitate the ability for a member of the public to be audible to the
Housing Authority and general public for the item(s) by contacting him/her via
phone and queuing him/her to speak during the discussion.
Only one person at a time may speak by telephone and only after being
recognized by the Chairperson.
Written public comments, received prior to the adjournment of the meeting,
will be distributed to the Housing Authority, incorporated into the agenda packet
and public record of the meeting, and will not be read during the meeting
unless, upon the request of the Chairperson, a brief summary of any public
comment is asked to be read, to the extent the City Clerk’s Office can
accommodate such request.
It would be appreciated that any email communications for public comments
related to the items on the agenda, or for general public comment, are provided
to the City Clerk’s Office at the email address listed above prior to the
commencement of the meeting. If that is not possible, and to accommodate
public comments on items that may be added to the agenda after its initial
posting or items that are on the agenda, every effort will be made to attempt
to review emails received by the City Clerk’s Office during the course of the
meeting. The Chairperson will endeavor to take a brief pause before action is
taken on any agenda item to allow the Authority Secretary to review emails and
share any public comments received during the meeting. All emails received by
the Authority Secretary, at the email address above, until the adjournment of
the meeting, will be included within the public record relating to the meeting.
******************************
CALL TO ORDER
ROLL CALL: Authority Members: Evans, Fitzpatrick, Peña, Sanchez,
Chairperson Radi
VERBAL ANNOUNCEMENT – AB 23 [AUTHORITY SECRETARY]
HOUSING AUTHORITY AGENDA 3 JUNE 16, 2020
SPECIAL MEETING
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
At this time, members of the public may address the Housing Authority on any matter
not listed on the agenda. Please email written public comments or a request
to provide verbal public comments to CityClerkMail@LaQuintaCA.gov and limit
your comments to three minutes (approximately 350 words). The Housing Authority
values your comments; however, in accordance with State law, no action shall be
taken on any item not appearing on the agenda unless it is an emergency item
authorized by the Brown Act [Government Code § 54954.2(b)].
CONFIRMATION OF AGENDA
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one
motion.
PAGE
1. APPROVE SPECIAL MEETING MINUTES OF JUNE 2, 2020 5
BUSINESS SESSION
PAGE
1. ADOPT RESOLUTION TO APPROVE FISCAL YEAR 2020/21 LA
QUINTA HOUSING AUTHORITY BUDGET
[RESOLUTION NO. HA 2020-001]
7
CHAIR AND BOARD MEMBERS' ITEMS
REPORTS AND INFORMATIONAL ITEMS – NONE
ADJOURNMENT
***************************************
The next regular quarterly meeting of the Housing Authority will be held on
July 21, 2020 at 4:00 p.m. in the City Council Chambers, 78495 Calle
Tampico, La Quinta, CA 92253.
DECLARATION OF POSTING
I, Monika Radeva, Authority Secretary of the La Quinta Housing Authority, do
hereby declare that the foregoing agenda for the La Quinta Housing Authority
was posted near the entrance to the Council Chambers at 78495 Calle Tampico
and on the bulletin boards at 51321 Avenida Bermudas and 78630 Highway
111, on June 12, 2020.
DATED: June 12, 2020
MONIKA RADEVA, Authority Secretary
HOUSING AUTHORITY AGENDA 4 JUNE 16, 2020
SPECIAL MEETING
La Quinta Housing Authority
Public Notices
The La Quinta City Council Chamber is handicapped accessible. If special
equipment is needed for the hearing impaired, please call the City Clerk’s Office
at (760) 777-7092, twenty-four (24) hours in advance of the meeting and
accommodations will be made.
If special electronic equipment is needed to make presentations to the Housing
Authority, arrangement should be made in advance by contacting the City Clerk's
Office at (760) 777-7092. A one (1) week notice is required.
If background material is to be presented to the Housing Authority during a
meeting, please be advised that eight (8) copies of all documents, exhibits, etc.,
must be supplied to the Authority Secretary for distribution. It is requested that
this take place prior to the beginning of the meeting.
Any writings or documents provided to a majority of the Housing Authority
regarding any item on this agenda will be made available for public inspection at
the Authority Secretary counter at City Hall located at 78495 Calle Tampico, La
Quinta, California, 92253, during normal business hours.
HOUSING AUTHORITY MINUTES Page 1 of 2 JUNE 2, 2020
SPECIAL MEETING
HOUSING AUTHORITY
SPECIAL MEETING
MINUTES
TUESDAY, JUNE 2, 2020
CALL TO ORDER
A special meeting of the La Quinta Housing Authority was called to order at
8:45 p.m. by Chairperson Radi.
This meeting was held by teleconference pursuant to Executive orders N-25-
20, N- 29-20, N-33-20, and N-35-20, executed by the Governor of California
in response to the state of emergency relating to novel coronavirus disease
2019 (COVID-19) and enabling teleconferencing accommodations by
suspending or waiving specified provisions of the Ralph M. Brown Act
(Government Code § 54950 et seq.).
PRESENT: Authority Members: Evans, Fitzpatrick, Peña, Sanchez, and
Chairperson Radi
ABSENT: None
STAFF PRESENT: Executive Director McMillen, Authority Counsel Ihrke,
Authority Secretary Radeva, Finance Director Romero, and Assistant to the
City Manager Villalpando.
VERBAL ANNOUNCEMENT – AB 23 was made by the Authority Secretary
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None
CONFIRMATION OF AGENDA – Confirmed
ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS
– None
CONSENT CALENDAR
1. APPROVE SPECIAL MEETING MINUTES OF MAY 19, 2020
MOTION – A motion was made and seconded by Authority Members
Fitzpatrick/Peña to approve the Consent Calendar. Motion passed
unanimously.
BUSINESS SESSION – None
CONSENT CALENDAR ITEM NO. 1
5
HOUSING AUTHORITY MINUTES Page 2 of 2 JUNE 2, 2020
SPECIAL MEETING
STUDY SESSION
1. DISCUSS FISCAL YEAR 2020/21 PROPOSED HOUSING
AUTHORITY BUDGET
Finance Director Romero presented the staff report, which is on file in the
Clerk’s office.
Authority Members discussed housing funds can be used to support affordable
housing programs initiated and executed by other organizations, such as
Habitat for Humanity; it is not required that the City own the properties; the
state requirement is that the household qualifies as low-income based on
State guidelines, not the physical property it resides in; other projects that
would qualify to use housing funds; potential reimbursement the City could
receive under the Federal Emergency Management Assistance program for
qualifying expenses to City facilities.
Staff explained the process Habitat for Humanity uses to qualify and execute
its affordable housing assistance program to assist individuals in need; and
noted funds provided by the City would apply only to costs related to the
acquisition of the materials necessary to complete the repairs, and Habitat
for Humanity would provide the labor.
The Authority directed Staff to further explore additional program options to
assist low-income residents, and to fund and sustain such a program long-
term whether directly through the City or via a qualified outside agency and
bring it back for the Authority review and consideration.
The Authority concurred with the draft budget as presented.
CHAIR AND BOARD MEMBERS' ITEMS – None
REPORTS AND INFORMATION ITEMS – None
ADJOURNMENT
There being no further business, it was moved and seconded by Authority
Members Evans/Fitzpatrick to adjourn at 9:11 p.m. Motion passed
unanimously.
Respectfully submitted,
MONIKA RADEVA, Authority Secretary
La Quinta Housing Authority
6
City of La Quinta
HOUSING AUTHORITY MEETING: June 16, 2020
STAFF REPORT
AGENDA TITLE: ADOPT RESOLUTION OF THE LA QUINTA HOUSING
AUTHORITY TO APPROVE FISCAL YEAR 2020/21 BUDGET
RECOMMENDATION
Adopt a Resolution of the La Quinta Housing Authority approving the fiscal year
2020/21 Housing Authority Budget.
EXECUTIVE SUMMARY
•Annually, the budget for the La Quinta Housing Authority is prepared and
submitted for the Housing Authority’s review and approval.
•The Housing Commission reviewed and approved the Housing Authority’s
Budget.
•The Housing Fund (241) includes operating revenue of $513,300 and
total expenditures of $816,100. The shortfall ($302,800) will be covered
by fund balance (estimated at $10.8 million).
•The RDA Low-Mod Fund (243) recognizes loan repayments in unassigned
reserves. The loan repayment for 2020/21 will be $647,767. Expenditures
for this fund total $250,000.
•Low/Moderate Bond Funds (249) are for the acquisition of real property
and the evaluation of future affordable housing projects.
FISCAL IMPACT
Project expenditures for all Housing Funds are $1,126,100 with revenues of
$1,396,067 (inclusive of the loan repayment). Twenty percent ($647,767) of
the annual loan repayments to the General Fund from the Successor Agency
are designated for housing.
BACKGROUND/ANALYSIS
Staff provided an overview of the proposed budget to the Housing Commission
on May 6 and on June 10, 2020. The Housing Authority reviewed and
commented on the proposed budget on May 19 and June 2, 2020. All study
session discussions have been incorporated into the final budget.
BUSINESS SESSION ITEM NO. 1
7
Minor expense updates (increased by $6,200) were incorporated for workers
compensation and information technology charges which are distributed based
on total number of employees allocated to each division. These adjustments are
a result of staff reductions, which redistributed the total percentage allocated to
all divisions.
Line item details for revenues and expenses are located in Attachment 1.
ALTERNATIVES
The Authority may further adjust the various appropriations.
Prepared by: Karla Romero, Finance Director
Approved by: Jon McMillen, Executive Director
Attachment: 1. Fiscal Year 2020/21 Housing Authority Budget
8
RESOLUTION NO. HA 2020 – XXX
A RESOLUTION OF THE HOUSING AUTHORITY OF
THE CITY OF LA QUINTA, CALIFORNIA,
APPROVING FISCAL YEAR 2020/21 BUDGET
WHEREAS, each year the La Quinta Housing Authority adopts a Budget
for Revenues and Expenditures for the upcoming Fiscal Year; and
WHEREAS, the Housing Authority desires to make provisions for a level
of services commensurate with the needs of the City; and
WHEREAS, the Housing Authority has reviewed said budget and has had
several public meetings to receive public input; and
WHEREAS, the Housing 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 Housing
Authority to adopt, as follows:
SECTION 1. The Fiscal Year 2020/21 Budget, which is on file with the La
Quinta Housing 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 Housing
Authority approval.
B. Transfers of budgeted appropriations between divisions or capital projects
shall be made only upon Housing 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 Housing Authority
approved capital projects and shall not exceed the approved project
budget.
9
Resolution No. HA 2020 - XXX
Budget Approval FY 2020/21
Adopted: June 16, 2020
Page 2 of 2
SECTION 3. The Executive Director shall render a monthly report 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 Housing Authority held on this 16th day of June 2020, by the following
vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_________________________
ROBERT RADI, Chairperson
La Quinta Housing Authority,
California
ATTEST:
______________________________
MONIKA RADEVA, Authority Secretary
La Quinta Housing Authority, California
(AUTHORITY SEAL)
APPROVED AS TO FORM:
________________________________
WILLIAM H. IHRKE, Authority Attorney
La Quinta Housing Authority, California
10
2020 212020CITY OF
LA QUINTA
HOUSING AUTHORITY
ADOPTED BUDGET
ATTACHMENT 1
11
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12
Housing Fund Revenues
2019/20
Current
Variance
Original vs
Current
2020/21
Adopted
Variance
Current vs.
Adopted % Change
-
241 - Housing Authority 1,688,256 1,240,256 513,300 (1,174,956)-70%
243 - RDA Low-Mod Housing 40,000 18,000 35,000 (5,000) -13%
249 - SA 2011 Low/Mod Bond 350,000 80,000 200,000 (150,000) -43%
Total Revenues 2,078,256 1,338,256 748,300 (1,329,956) -64%
RDA Loan Repayment 635,065 - 647,767 12,702
Total Operating Revenues 2,713,321 1,338,256 1,396,067 (1,317,254)
Housing Fund Expenditures 2019/20
Current
Variance
Original vs
Current
2020/21
Adopted
Variance
Current vs.
Adopted % Change
241 - Housing Authority 990,957 381,657 822,300 (168,657) -17%
243 - RDA Low-Mod Housing 351,000 101,000 250,000 (101,000) -29%
249 - SA 2011 Low/Mod Bond 60,000 40,000 6,185,000 6,125,000 10208%
Total Expenditures 1,401,957 522,657 7,257,300 5,855,343 418%
Budget Surplus/(Deficit) 1,311,364 815,599 (5,861,233)
HOUSING AUTHORITY 2020/21 BUDGET SUMMARY
FUND
#FUND NAME
ESTIMATED
AVAILABLE
FUND
BALANCE
July 1, 2020
ESTIMATED
REVENUES
ESTIMATED
EXPENDITURES
ESTIMATED
ENDING FUND
BALANCE
June 30, 2021
241 HOUSING AUTHORITY FUND 10,800,000 513,300 822,300 10,491,000
243* RDA LOW-MOD HOUSING FUND 2,600,000 682,767 250,000 3,032,767
249 SA 2011 LOW/MOD BOND 17,100,000 200,000 6,185,000 11,115,000
30,500,000 1,396,067 7,257,300 24,638,767
CITY OF LA QUINTA ESTIMATED ENDING FUND BALANCES
FISCAL YEAR ENDING JUNE 30, 2021
GRAND TOTAL
* General Fund and RDA Low-Mod Housing Fund estimates are for unappropriated reserves and included annual
Successor Agency loan repayments as approved with the last and final recognized obligation payment schedule.
The repayment for FY 2020/21 is $647,767.
13
2019/20
Current Budget
2020/21
Proposed 1
2020/21
Proposed 2
2020/21
Adopted
241 - HOUSING AUTHORITY
230,000 250,000 200,000 200,000241-9101-41900 Allocated Interest
0 300 300 300241-9101-41915 Non-Allocated Interest
58,800 0 0 0241-9101-43500 Home Sale Proceeds
50,000 25,000 25,000 25,000241-9101-43504 2nd Trust Deed Repayments
1,061,456 0 0 0241-9101-45000 Sale of Other Assets
288,000 288,000 288,000 288,000241-9103-43502 Rent Revenue/LQRP
Total:1,688,256 563,300 513,300 513,300
243 - RDA LOW-MOD HOUSING FUND
40,000 40,000 35,000 35,000243-0000-41900 Allocated Interest
Total:40,000 40,000 35,000 35,000
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2
350,000 350,000 200,000 200,000249-0000-41915 Non-Allocated Interest
Total:350,000 350,000 200,000 200,000
HOUSING AUTHORITY REVENUE 2,078,256 953,300 748,300 748,300
230,000 250,000 200,000 200,000
0 300 300 300
58,800 0 0 0
50,000 25,000 25,000 25,000
1,061,456 0 0 0
288,000 288,000 288,000 288,000
1,688,256 563,300 513,300 513,300
40,000 40,000 35,000 35,000
40,000 40,000 35,000 35,000
350,000 350,000 200,000 200,000
350,000 350,000 200,000 200,000
2,078,256 953,300 748,300 748,300
CITY OF LA QUINTA HOUSING AUTHORITY REVENUE DETAILS FY 2020/21 ADOPTED BUDGET
241 Fund Second Trust Deed Payments and Home Sale Proceeds vary from year-to-year. Additional repayment of
silent second trust deeds are recognized upon receipt.
241 Fund, 241-9101-45000, Sale of Other Assets revenues in FY 2019/20 reflects the purchase and sale agreement
between the City of La Quinta and the La Quinta Housing Authority for property at Dune Palms Road for the Dune
Palms Retention Basin and XPark projects.
243 Fund the 2020/21 former Redevelopment Agency loan repayment of $647,767 will be recognized in reserves
within this Fund.
248 Fund was fully used for the Washington Street Apartment rehabilitation and expansion project.
249 Fund was partially used for the Washington Street Apartment rehabilitation and expansion project. Remaining
bond funds continue to earn interest and are available for future housing projects.
14
2019/20
Current Budget
2020/21
Proposed 1
2020/21
Proposed 2
2020/21
Adopted
241 - HOUSING AUTHORITY
9101 - Housing Authority - Admin
Salaries and Benefits
143,595 254,800 246,900 246,900241-9101-50101 Permanent Full Time
3,000 3,000 3,000 3,000241-9101-50110 Commissions & Boards
200 400 400 400241-9101-50150 Other Compensation
10,600 17,500 16,800 16,800241-9101-50200 PERS-City Portion
31,800 57,500 57,500 57,500241-9101-50221 Medical Insurance
900 1,500 1,500 1,500241-9101-50225 Long Term Disability
3,400 5,200 5,200 5,700241-9101-50230 Workers Comp Insurance
2,100 3,700 3,600 3,600241-9101-50240 Social Security-Medicare
50 - Salaries and Benefits Totals:195,595 343,600 334,900 335,400
Contract Services
121,000 100,000 100,000 100,000241-9101-60103 Professional Services
5,000 5,000 5,000 5,000241-9101-60106 Auditors
25,000 35,000 35,000 35,000241-9101-60153 Attorney
60 - Contract Services Totals:151,000 140,000 140,000 140,000
Maintenance & Operations
3,000 500 500 500241-9101-60320 Travel & Training
1,500 2,000 2,000 2,000241-9101-60420 Operating Supplies
62 - Maintenance & Operations Totals:4,500 2,500 2,500 2,500
Insurance
6,000 8,000 8,000 8,000241-9101-91843 Property & Crime Insurance
63 - Insurance Totals:6,000 8,000 8,000 8,000
Other Expenses
0 0 20,000 20,000241-9101-60480 Contributions
64 - Other Expenses Totals:0 0 20,000 20,000
Internal Service Charges
14,000 14,000 14,000 14,000241-9101-91844 Earthquake Insurance
24,800 46,700 46,700 52,400241-9101-98110 Information Tech Charges
69 - Internal Service Charges Totals:38,800 60,700 60,700 66,400
Transfers Out
278,062 0 0 0241-9101-99900 Transfers Out
99 - Transfers Out Totals:278,062 0 0 0
9101 - Housing Authority - Admin Totals:673,957 554,800 566,100 572,300
9103 - Housing Authority - LQRP
Maintenance & Operations
317,000 250,000 250,000 250,000241-9103-60157 Rental Expenses
62 - Maintenance & Operations Totals:317,000 250,000 250,000 250,000
9103 - Housing Authority - LQRP Totals:317,000 250,000 250,000 250,000
241 - HOUSING AUTHORITY Totals:990,957 804,800 816,100 822,300
143,595 254,800 246,900 246,900
3,000 3,000 3,000 3,000
200 400 400 400
10,600 17,500 16,800 16,800
31,800 57,500 57,500 57,500
900 1,500 1,500 1,500
3,400 5,200 5,200 5,700
2,100 3,700 3,600 3,600
195,595 343,600 334,900 335,400
121,000 100,000 100,000 100,000
5,000 5,000 5,000 5,000
25,000 35,000 35,000 35,000
151,000 140,000 140,000 140,000
3,000 500 500 500
1,500 2,000 2,000 2,000
4,500 2,500 2,500 2,500
6,000 8,000 8,000 8,000
6,000 8,000 8,000 8,000
0 0 20,000 20,000
0 0 20,000 20,000
14,000 14,000 14,000 14,000
24,800 46,700 46,700 52,400
38,800 60,700 60,700 66,400
278,062 0 0 0
278,062 0 0 0
673,957 554,800 566,100 572,300
317,000 250,000 250,000 250,000
317,000 250,000 250,000 250,000
317,000 250,000 250,000 250,000
990,957 804,800 816,100 822,300
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSES FY 2020/21 ADOPTED BUDGET
15
Fund: 241 - HOUSING AUTHORITY
Permanent Full Time 246,900.00241-9101-50101
20% - City Manager (80% City Manager)
10% - Finance Director (90% Finance)
10% - City Clerk (90% City Clerk)
40% - Assistant to City Manager (60% City Manager)
60% - Management Analyst (40% Information Technology Fund)
60% - Management Specialist (40% City Manager)
80% - Management Assistant (20% City Manager)
In 2020/21, staff has been reallocated to meet business demands.
City Council Member Stipends (5)
Professional Services 100,000.00241-9101-60103
Expense increase in 2019/20 due to recent request for proposal responses.
Operating Supplies 2,000.00241-9101-60420
Tenant communication
Rental Expenses 250,000.00241-9103-60157
Expenses are associated with 28 homes owned by the Authority which are
located in the La Quinta Cove.
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE NOTES FY 2020/21 ADOPTED BUDGET
16
2019/20
Current Budget
2020/21
Proposed 1
2020/21
Proposed 2
2020/21
Adopted
243 - RDA LOW-MOD HOUSING FUND
0000 - Undesignated
Other Expenses
351,000 250,000 250,000 250,000243-0000-60532 Homelessness Assistance
64 - Other Expenses Totals:351,000 250,000 250,000 250,000
0000 - Undesignated Totals:351,000 250,000 250,000 250,000
243 - RDA LOW-MOD HOUSING FUND Totals:351,000 250,000 250,000 250,000
351,000 250,000 250,000 250,000
351,000 250,000 250,000 250,000
351,000 250,000 250,000 250,000
351,000 250,000 250,000 250,000
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSES FY 2020/21 ADOPTED BUDGET
17
2019/20
Current Budget
2020/21
Proposed 1
2020/21
Proposed 2
2020/21
Adopted
248 - SA 2004 LO/MOD BOND FUND (Refinanced in 201
9102 - Housing Authority - Wash St Apts
Contract Services
145,000 0 0 0248-9102-60103 Professional Services
245,500 0 0 0248-9102-60159 Relocation Benefits
60 - Contract Services Totals:390,500 0 0 0
9102 - Housing Authority - Wash St Apts Totals:390,500 0 0 0
2004 LO/MOD BOND FUND (Refinanced in 2014) Totals:390,500 0 0 0
145,000 0 0 0
245,500 0 0 0
390,500 0 0 0
390,500 0 0 0
390,500 0 0 0
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSES FY 2020/21 ADOPTED BUDGET
248 Fund was fully used for the Washington Street Apartment rehabilitation and expansion project.
18
2019/20
Current Budget
2020/21
Proposed 1
2020/21
Proposed 2
2020/21
Adopted
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 20
0000 - Undesignated
Capital Expenses
0 0 0 6,125,000249-0000-74010 Land Acquisition
60,000 60,000 60,000 60,000249-0000-80050 Affordable Housing Project Develop
68 - Capital Expenses Totals:60,000 60,000 60,000 6,185,000
0000 - Undesignated Totals:60,000 60,000 60,000 6,185,000
11 LOW/MOD BOND FUND (Refinanced in 2016) Totals:60,000 60,000 60,000 6,185,000
0 0 0 6,125,000
60,000 60,000 60,000 60,000
60,000 60,000 60,000 6,185,000
60,000 60,000 60,000 6,185,000
60,000 60,000 60,000 6,185,000
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSES FY 2020/21 ADOPTED BUDGET
249 Fund was partially used for the Washington Street Apartment rehabilitation and expansion project. Remaining
funds are available for future housing projects. FY 2020/21 land acquisition is for negotiated real property located on
Dune Palms Road.
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20
POWER POINTS
HOUSING
AUTHORITY
SPECIAL
MEETING
JUNE 16, 2020
June 16, 2020
1
Housing Authority Meeting
June 16, 2020
B1 – Adopt Fiscal Year 2020/21 Budget
Budget Summary
Housing Fund Revenues
2019/20
Current
Variance
Original vs
Current
2020/21
Adopted
-
241 - Housing Authority 1,688,256 1,240,256 513,300
243 - RDA Low-Mod Housing 40,000 18,000 35,000
249 - SA 2011 Low/Mod Bond 350,000 80,000 200,000
Total Revenues 2,078,256 1,338,256 748,300
RDA Loan Repayment 635,065 - 647,767
Total Operating Revenues 2,713,321 1,338,256 1,396,067
Housing Fund Expenditures 2019/20
Current
Variance
Original vs
Current
2020/21
Adopted
241 - Housing Authority 990,957 381,657 822,300
243 - RDA Low-Mod Housing 351,000 101,000 250,000
249 - SA 2011 Low/Mod Bond 60,000 40,000 6,185,000
Total Expenditures 1,401,957 522,657 7,257,300
Budget Surplus/(Deficit) 1,311,364 815,599 (5,861,233)
Approved by Housing Commission
Ongoing operations are
structurally balanced
Incorporates use of Bond
proceeds for one‐time property
acquisition
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57
June 16, 2020
2
Housing Fund Balances
FUND
#FUND NAME
ESTIMATED
AVAILABLE
FUND
BALANCE
July 1, 2020
ESTIMATED
REVENUES
ESTIMATED
EXPENDITURES
ESTIMATED
ENDING FUND
BALANCE
June 30, 2021
241 HOUSING AUTHORITY FUND 10,800,000 513,300 822,300 10,491,000
243* RDA LOW-MOD HOUSING FUND 2,600,000 682,767 250,000 3,032,767
249 SA 2011 LOW/MOD BOND 17,100,000 200,000 6,185,000 11,115,000
30,500,000 1,396,067 7,257,300 24,638,767
CITY OF LA QUINTA ESTIMATED ENDING FUND BALANCES
FISCAL YEAR ENDING JUNE 30, 2021
GRAND TOTAL
* General Fund and RDA Low-Mod Housing Fund estimates are for unappropriated reserves and included annual
Successor Agency loan repayments as approved with the last and final recognized obligation payment schedule.
The repayment for FY 2020/21 is $647,767.
Questions, Discussion, Comments
58
59
June 16, 2020
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