2022 06 08 HCHOUSING COMMISSION AGENDA Page 1 of 4 JUNE 8, 2022
REGULAR QUARTERLY MEETING
Housing Commission agendas and staff
reports are available on the City’s web
page: www.LaQuintaCA.gov
HOUSING COMMISSION
AGENDA
CITY HALL COUNCIL CHAMBER
78495 Calle Tampico, La Quinta
REGULAR QUARTERLY MEETING
WEDNESDAY, JUNE 8, 2022, AT 4:00 P.M.
******************************
SPECIAL NOTICE
Teleconferencing and Telephonic Accessibility In Effect
Pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of
California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted 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 Commission, the City Manager, City Attorney, City Staff, and
City Consultants may participate in this special meeting by teleconference.
Members of the public wanting to listen to 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 Commission, either
for a specific agenda item or matters not on the agenda are requested to
follow the instructions listed below:
Written Public Comments – can be provided in-person during the meeting
or emailed to Management Analyst Doug Kinley at DKinley@LaQuintaCA.Gov
preferably by 3:00 p.m. on the day of the meeting, and will be distributed
to the Housing Commission, incorporated into the agenda packet and public
HOUSING COMMISSION AGENDA Page 2 of 4 JUNE 8, 2022
REGULAR QUARTERLY MEETING
record of the meeting, and will not be read during the meeting unless, upon
the request of the Housing Commission Chair, a brief summary of any public
comment is asked to be read, to the extent the Commission Secretary can
accommodate such request.
If emailed, the email “subject line” must clearly state “Written Comments”
and list the following:
1) Full Name 4) Public Comment or Agenda Item Number
2) City of Residence 5) Subject
3) Phone Number 6)Written Comments
*** TELECONFERENCE PROCEDURES ***
Verbal public comments via Teleconference – members of the public may
join the meeting virtually via Zoom and use the “raise your hand” feature when
public comments are prompted by the Commission Chair; the City will facilitate the
ability for a member of the public to be audible to the Housing Commission and
general public and allow him/her/them to speak on the item(s) requested. Please
note – members of the public must unmute themselves when prompted
upon being recognized by the Commission Chair, in order to become
audible to the Housing Commission and the public.
Only one person at a time may speak by teleconference and only after being
recognized by the Housing Commission’s Chairperson.
ZOOM LINK:
Meeting ID:
Or join by phone:
https://us06web.zoom.us/j/84928069200
849 2806 9200
(720) 707 – 2699
******************************
CALL TO ORDER
ROLL CALL: Commissioners: Casto, Davidson, Pacheco, and Chairperson Gaeta-
Mejia
VACANCY: One (1)
PLEDGE OF ALLEGIANCE
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
At this time, members of the public may address the Housing Commission on any
matter not listed on the agenda by providing written public comments either in-
person or via email as indicated above; or provide verbal public comments either
in-person or via teleconference by joining the meeting vir tually at
HOUSING COMMISSION AGENDA Page 3 of 4 JUNE 8, 2022
REGULAR QUARTERLY MEETING
https://us06web.zoom.us/j/84928069200 and use the “raise your hand”
feature when prompted by the Chairperson. Members of the public attending the
meeting in-person are requested to complete a “Request to Speak” form and
submit it to the Commission Secretary. Please limit your comments to three (3)
minutes (or approximately 350 words). The Housing Commission 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
Government Code § 54954.2(b).
CONFIRMATION OF AGENDA
ANNOUNCEMENT, PRESENTATIONS, AND WRITTEN COMMUNICATION -
NONE
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
1.APPROVE MEETING MINUTES OF APRIL 20, 2022
BUSINESS SESSION
1.DISCUSS AND RECOMMEND APPROVAL OF THE FISCAL YEAR 2022/23
PROPOSED HOUSING AUTHORITY BUDGET
COMMISSIONERS’ ITEMS
ADJOURNMENT
The next regular quarterly meeting of the La Quinta Housing Commission will
be held on September 14, 2022, commencing at 4:00 p.m., at the La
Quinta City Hall, 78495 Calle Tampico, La Quinta, CA 92253, and via Zoom.
HOUSING COMMISSION AGENDA Page 4 of 4 JUNE 8, 2022
REGULAR QUARTERLY MEETING
DECLARATION OF POSTING
I, Doug Kinley, Management Analyst, do hereby declare that the foregoing
Agenda for the La Quinta Housing Commission meeting was posted on the City’s
website, near the entrance to the Council Chambers at 78495 Calle Tampico, and
the bulletin boards at the Stater Brothers Supermarket at 78630 Highway 111,
and the La Quinta Cove Post Office at 51321 Avenida Bermudas, on June 2, 2022.
DATED: June 2 , 2022
Doug Kinley III
Doug Kinley, Management Analyst
City of La Quinta, California
PUBLIC NOTICES
•The La Quinta City Hall Council Chambers is handicapped accessible. If special
equipment is needed for the hearing impaired, please contact the Commission
Secretary at (760) 777-7046, 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
Commission, arrangements should be made in advance by contacting the
Commission Secretary at (760) 777-7046. A one (1) week notice is required.
•If background material is to be presented to the Commission during a Housing
Commission meeting, please be advised that six (6) copies of all documents,
exhibits, etc., must be supplied to the Commission Secretary for
distribution. It is requested that this takes place prior to the beginning of
the meeting.
•Any writings or documents provided to a majority of the Commission
regarding any item(s) on this agenda will be made available for public
inspection at The Hub counter at City Hall located at 78 -495 Calle Tampico,
La Quinta, California, 92253, during normal business hours.
HOUSING COMMISSION MINUTES Page 1 of 3 APRIL 20, 2022
SPECIAL MEETING
HOUSING COMMISSION
MINUTES
WEDNESDAY, APRIL 20, 2022
CALL TO ORDER
A meeting of the La Quinta Housing Commission (Commission) was called to
order at 4:09 p.m. by Chairperson Gaeta-Mejia.
This meeting provided teleconferencing accessibility pursuant to Executive
Orders N-60-20 and N-08-21 executed by the Governor of California, and
subsequently Assembly Bill 361 (AB 361, 2021), enacted 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.).
PRESENT: Commissioners Davidson, Pacheco, and Chairperson Gaeta-Mejia
ABSENT: Commissioner Davidson
VACANCY: One (1)
STAFF PRESENT: Management Analyst Kinley, Acting Deputy City Clerk
McGinley, and Commission Secretary Camarena
PLEDGE OF ALLEGIANCE
Chairperson Gaeta-Mejia led the audience in the Pledge of Allegiance.
CONFIRMATION OF AGENDA – Confirmed.
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
Management Analyst Kinley said the City has not received any WRITTEN
PUBLIC COMMENTS or requests to provide VERBAL COMMENTS for this
meeting as of 4:10 p.m. and staff would continue to monitor email
communications and teleconference attendance for the duration of the
meeting, should any requests by the public are received.
ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS
– None
HOUSING COMMISSION MINUTES Page 2 of 3 APRIL 20, 2022
SPECIAL MEETING
CONSENT CALENDAR
1. APPROVE SPECIAL MEETING MINUTES OF MARCH 9, 2022
MOTION – A motion was made and seconded by Commissioners
Casto/Pacheco to approve the Consent Calendar as recommended. Motion
passed: ayes (3), noes (0), abstain (0), absent 1 (Davidson), vacancy one
(1).
BUSINESS SESSION
1. APPROVE FUNDING OPTION FOR GALILEE CENTER FOR FISCAL
YEAR 2022-23
Commission Secretary Camarena presented the staff report which is on file in
the City Manager’s Office.
Commission Secretary Camarena provided a brief overview on history of the
Galilee Center, the logic behind the request for funding assistance, and a
summary of the Galilee Center tour, Commission and staff attended.
PUBLIC SPEAKER VIA TELECONFERENCE ACCESSIBILITY: CFO and Co-
Founder Claudia Castorena provided clarifications for Commission during
discussion with staff.
MOTION – A motion was made and seconded by Commissioners Pacheco
/Casto to decline the recommendation that the Housing Authority provide
assistance to Galilee Center for fiscal year 2022-23. Motion denied: ayes (0),
noes (3), abstain (0), absent 1 (Davidson), vacancy one (1).
STUDY SESSION - None
STAFF REPORTS AND INFORMATIONAL ITEMS – None
COMMISSIONER’S ITEMS – None
ADJOURNMENT
There being no further business, a motion was made and seconded by
Commissioners Gaeta-Mejia/Pacheco to adjourn the meeting at 4:30 p.m.
Motion passed: ayes (3), noes (0), abstain (0), absent 1 (Davidson), vacancy
one (1).
HOUSING COMMISSION MINUTES Page 3 of 3 APRIL 20, 2022
SPECIAL MEETING
Respectfully submitted,
Reyna Camarena
REYNA CAMARENA, Commission Secretary
City of La Quinta, California
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City of La Quinta
HOUSING COMMISSION MEETING: June 8, 2022
STAFF REPORT
AGENDA TITLE: DISCUSS AND RECOMMEND APPROVAL OF THE FISCAL YEAR
2022/23 PROPOSED HOUSING AUTHORITY BUDGET
RECOMMENDATION
Recommend Approval of the fiscal year 2022/23 proposed Housing Authority
Budget.
EXECUTIVE SUMMARY
• The proposed 2022/23 Housing Authority Budget is presented to the
Commission for review and approval, the Housing Authority reviewed the
proposed budget on June 7, 2022.
• The proposed budget has a surplus of $187,766.
• Final budget adoption is scheduled for June 21, 2022.
FISCAL IMPACT
The preliminary Housing Authority budget projects revenues of $2,170,436
(inclusive of the annual loan repayment of $673,936) and expenditures of
$1,982,670.
BACKGROUND/ANALYSIS
The intent of this meeting is to provide further details on the budget and obtain
approval from the Commission prior to final adoption by the Housing Authority.
Each Housing Fund section contains notes to explain changes from 2020/21
actuals, changes in 2021/22, and projections for 2022/23. The budget format is
similar to the prior fiscal year and includes a fund balance summary and year to
year comparison summary chart.
After approval from the Housing Commission, Staff will provide any updates to
the Housing Authority on June 21, 2022 and recommend for final adoption.
Should there be substantial changes (an increase or decrease of more than
10% in revenues or expenses), then proposed budget would be presented at a
special meeting to the Housing Commission for reapproval prior to adoption.
Attachment 1 provides a narrative of Housing Authority revenue and expenses
BUSINESS SESSION ITEM NO. 1
including the Successor Agency (former Redevelopment Agency) loan
repayment to the Authority. Line item details for these revenues and expenses
are located in Exhibit A of the Attachment.
ALTERNATIVES
The Commission may recommend further adjustments to the budget. Per State
law, the Authority must adopt a budget by June 30.
Prepared by: Claudia Martinez, Agency Finance Director
Approved by: Jon McMillen, Executive Director
Attachment: 1. Fiscal Year 2022/23 Proposed Budget
HOUSING AUTHORITY
2022/23 PROPOSED BUDGET
The Housing Authority budget provides resources for the evaluation of future affordable
housing projects and programs, ongoing operational needs, and property maintenance,
as well as legal and auditing services as required by the Authority.
The summary is designed to provide an overview of the Housing Authority Funds. Line
item details for revenues and expenses are located in Exhibit A of the Attachment. A
preliminary review of the proposed budget was presented to the Housing Authority on
June 7, 2022 and is scheduled for adoption on June 21, 2022.
The 2022/23 Authority budget has three active funds restricted to housing operations.
Estimated Fund Balance, revenues, and expenditures for each fund are summarized
below:
REVENUES
When all funds are combined, there is a 21% decrease in revenues from the current
2021/22 current budget to the proposed 2022/23 budget. A slight decrease in rent
revenue for Dune Palms Mobile Estates is expected due to current year-to-date activity.
In addition, allocated interest has been decreased due to current capital market
conditions as well as a fund balance decrease as a result of a land purchase. As
investments mature under current economic conditions, these revenues are expected
to decline accordingly.
The RDA Low-Mod Housing Fund recognizes the annual loan repayment from the Last
and Final Recognized Obligation Payment Schedule (ROPS) for the Successor Agency
(former Redevelopment Agency). For 2022/23 the total loan repayment is $3,369,682,
which is allocated 80% to the General Fund ($2,6 95,746) and 20% ($673,936) to the
Housing Authority Fund. Any of the Housing Authority portion of the re venue not
expended will be recognized in reserves in in Fund 243. The final loan repayment is
scheduled for fiscal year 2029/30. Remaining outstanding loan repayments after
2022/23 total $25,116,811 of which $5,023,362 will be allocated to the Housing
Authority.
FUND
#FUND NAME
ESTIMATED
AVAILABLE
FUND
BALANCE
July 1, 2022
ESTIMATED
REVENUES
ESTIMATED
EXPENDITURES
ESTIMATED
ENDING FUND
BALANCE
June 30, 2023
241 HOUSING AUTHORITY FUND 12,000,000 1,451,500 1,712,670 11,738,830
243 RDA LOW-MOD HOUSING FUND 3,000,000 693,936 250,000 3,443,936
249 SA 2011 LOW/MOD BOND 2,900,000 25,000 20,000 2,905,000
17,900,000 2,170,436 1,982,670 18,087,766
CITY OF LA QUINTA ESTIMATED ENDING FUND BALANCES
FISCAL YEAR ENDING JUNE 30, 2023
GRAND TOTAL
ATTACHMENT 1
EXPENSES
The Housing Authority Fund (241) has an overall estimated decrease of 3% which
is attributed to operational expenses for Dune Palms Mobile Estates compared to current
year projections. Increases in salary and benefits and internal service charges are
attributed to the current economy and inflationary impacts.
For RDA Low-Mod Housing Fund (243), revenues received from loan repayments
discussed above have been used for homelessness programs as approved by the
Authority each fiscal year. The proposed budget for 2022/23 homelessness programs is
$250,000.
The SA 2011 Low/Mod Bond (249) is anticipated to have a balance of $2.9 million
on June 30, 2022 and a $20,000 budget for 2022/23 provides for the ability to evaluate
future affordable housing projects and programs. The decrease in expenses as
compared to FY 21/22 is in large part due to the one-time purchase of a vacant property
on Highway 111.
ATTACHMENT 1
HOUSING AUTHORITY
PROPOSED BUDGET
EXHIBIT AATTACHMENT 1
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ATTACHMENT 1
Housing Fund Revenues 2021/22 Original 2021/22 Current
Variance
Original vs.
Current
2022/23 Proposed
Variance
Current vs.
Proposed
% Change
241 - Housing Authority 871,400 1,666,400 795,000 1,451,500 (214,900)-13%
243 - RDA Low-Mod Housing 35,000 35,000 - 20,000 (15,000)-43%
249 - SA 2011 Low/Mod Bond 201,000 201,000 - 25,000 (176,000)-88%
Total Revenues 1,107,400 1,902,400 795,000 1,496,500 (405,900) -21%
RDA Loan Repayment 660,722 660,722 - 673,936 13,214
Total Operating Revenues 1,768,122 2,563,122 795,000 2,170,436 (392,686)
Housing Fund Expenditures 2021/22 Original 2021/22 Current
Variance
Original vs.
Current
2022/23 Proposed
Variance
Current vs.
Proposed
% Change
241 - Housing Authority 1,542,200 1,761,200 219,000 1,712,670 (48,530) -3%
243 - RDA Low-Mod Housing 250,000 250,000 - 250,000 - 0%
249 - SA 2011 Low/Mod Bond 20,000 8,650,545 8,630,545 20,000 (8,630,545) -100%
Total Expenditures 1,812,200 10,661,745 8,849,545 1,982,670 (8,679,075) -81%
Budget Surplus/(Deficit)(44,078) (8,098,623) (8,054,545) 187,766
HOUSING AUTHORITY 2022/23 BUDGET SUMMARY
CITY OF LA QUINTA HOUSING AUTHORITY FY 2022/23 PROPOSED BUDGET
1
ATTACHMENT 1
2020/21
Actuals
2021/22
Original Budget
2021/22
Current Budget
2021/22
YTD Activity*
2022/23
Proposed
22/23 vs.
Current 21/22
% Change in
Budget
241 - HOUSING AUTHORITY
9101 - Housing Authority - Admin
340 - Charges for Services
1 0 0 226 0 0 0%241-9101-42301 Miscellaneous Revenue
340 - Charges for Services Totals:1 0 0 226 0 0 0%
360 - Use of Money & Property
130,011 160,000 160,000 50,031 100,000 (60,000)-38%241-9101-41900 Allocated Interest
(122,128)0 0 (117,431)0 0 0%241-9101-41910 GASB 31 Interest
366 400 400 430 500 100 25%241-9101-41915 Non-Allocated Interest
0 0 0 96,215 0 0 0%241-9101-42706 Loan Repayments
385,447 50,000 50,000 130,179 100,000 50,000 100%241-9101-43504 2nd Trust Deed Repayments
1,219,485 0 370,000 367,078 200,000 (170,000)-46%241-9101-45000 Sale of Other Assets
360 - Use of Money & Property Totals:1,613,181 210,400 580,400 526,502 400,500 (179,900)-31%
9101 - Housing Authority - Admin Totals:1,613,182 210,400 580,400 526,728 400,500 (179,900)-31%
9102 - Housing Authority - Wash St Apts
340 - Charges for Services
1,820 0 0 0 0 0 0%241-9102-42305 Miscellaneous Reimbursements
340 - Charges for Services Totals:1,820 0 0 0 0 0 0%
9102 - Housing Authority - Wash St Apts Totals:1,820 0 0 0 0 0 0%
9103 - Housing Authority - LQRP
360 - Use of Money & Property
290,939 290,000 290,000 252,756 300,000 10,000 3%241-9103-43502 Rent Revenue/LQRP
360 - Use of Money & Property Totals:290,939 290,000 290,000 252,756 300,000 10,000 3%
9103 - Housing Authority - LQRP Totals:290,939 290,000 290,000 252,756 300,000 10,000 3%
9104 - Dune Palms Mobile Estates
360 - Use of Money & Property
363,115 370,000 795,000 673,479 750,000 (45,000)-6%241-9104-42112 Rent Revenue/Tenant/Dune Palms
0 1,000 1,000 0 1,000 0 0%241-9104-42302 Miscellaneous Revenue/Dune Palms
360 - Use of Money & Property Totals:363,115 371,000 796,000 673,479 751,000 (45,000)-6%
9104 - Dune Palms Mobile Estates Totals:363,115 371,000 796,000 673,479 751,000 (45,000)-6%
241 - HOUSING AUTHORITY Totals:2,269,056 871,400 1,666,400 1,452,963 1,451,500 (214,900)-13%
243 - RDA LOW-MOD HOUSING FUND
0000 - Undesignated
360 - Use of Money & Property
28,268 35,000 35,000 11,371 20,000 (15,000)-43%243-0000-41900 Allocated Interest
(27,323)0 0 (27,192)0 0 0%243-0000-41910 GASB 31 Interest
360 - Use of Money & Property Totals:945 35,000 35,000 (15,821) 20,000 (15,000)-43%
1 0 0 226 0 0
1 0 0 226 0 0
130,011 160,000 160,000 50,031 100,000 (60,000)
(122,128)0 0 (117,431)0 0
366 400 400 430 500 100
0 0 0 96,215 0 0
385,447 50,000 50,000 130,179 100,000 50,000
1,219,485 0 370,000 367,078 200,000 (170,000)
1,613,181 210,400 580,400 526,502 400,500 (179,900)
1,613,182 210,400 580,400 526,728 400,500 (179,900)
1,820 0 0 0 0 0
1,820 0 0 0 0 0
1,820 0 0 0 0 0
290,939 290,000 290,000 252,756 300,000 10,000
290,939 290,000 290,000 252,756 300,000 10,000
290,939 290,000 290,000 252,756 300,000 10,000
363,115 370,000 795,000 673,479 750,000 (45,000)
0 1,000 1,000 0 1,000 0
363,115 371,000 796,000 673,479 751,000 (45,000)
363,115 371,000 796,000 673,479 751,000 (45,000)
2,269,056 871,400 1,666,400 1,452,963 1,451,500 (214,900)
28,268 35,000 35,000 11,371 20,000 (15,000)
(27,323)0 0 (27,192)0 0
945 35,000 35,000 (15,821) 20,000 (15,000)
CITY OF LA QUINTA HOUSING AUTHORITY HOUSING AUTHORITY REVENUE DETAIL FY 2022/23 PROPOSED BUDGET
2
ATTACHMENT 1
2020/21
Actuals
2021/22
Original Budget
2021/22
Current Budget
2021/22
YTD Activity*
2022/23
Proposed
22/23 vs.
Current 21/22
% Change in
Budget
370 - Miscellaneous
147,987 0 0 0 0 0 0%243-0000-48500 Extraordinary Gain
370 - Miscellaneous Totals:147,987 0 0 0 0 0 0%
0000 - Undesignated Totals:148,931 35,000 35,000 (15,821) 20,000 (15,000)-43%
243 - RDA LOW-MOD HOUSING FUND Totals:148,931 35,000 35,000 (15,821) 20,000 (15,000)-43%
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)
0000 - Undesignated
360 - Use of Money & Property
5,696 1,000 1,000 3,543 5,000 4,000 400%249-0000-41900 Allocated Interest
(81,406)0 0 (878)0 0 0%249-0000-41910 GASB 31 Interest
79,292 200,000 200,000 20,903 20,000 (180,000)-90%249-0000-41915 Non-Allocated Interest
360 - Use of Money & Property Totals:3,582 201,000 201,000 23,567 25,000 (176,000)-88%
0000 - Undesignated Totals:3,582 201,000 201,000 23,567 25,000 (176,000)-88%
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) Totals:3,582 201,000 201,000 23,567 25,000 (176,000)-88%
147,987 0 0 0 0 0
147,987 0 0 0 0 0
148,931 35,000 35,000 (15,821) 20,000 (15,000)
148,931 35,000 35,000 (15,821) 20,000 (15,000)
5,696 1,000 1,000 3,543 5,000 4,000
(81,406)0 0 (878)0 0
79,292 200,000 200,000 20,903 20,000 (180,000)
3,582 201,000 201,000 23,567 25,000 (176,000)
3,582 201,000 201,000 23,567 25,000 (176,000)
3,582 201,000 201,000 23,567 25,000 (176,000)
CITY OF LA QUINTA HOUSING AUTHORITY HOUSING AUTHORITY REVENUE DETAIL FY 2022/23 PROPOSED BUDGET
The Housing Authority budget invests in programs and projects that preserve and increase the supply of affordable housing in the City.
241 Housing Authority 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.
241-9101-45000, Sale of Other Assets revenues in FY 2020/2021 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 X-Park project and drainage improvements.
243 RDA Low-Mod Housing Fund: The 2022/23 former Redevelopment Agency loan repayment of $673,936 will be recognized in reserves within
this Fund.
249 Successor Agency (SA) 2011 Low/Mod Bond Fund was used for the acquisition of the vacant property located between the Pavilion at La
Quinta Shopping Center and the La Quinta Valley Plaza Shopping Center on Highway 111 to further the City's goals of fostering mixed-use
development, affordable housing, multi-modal transportation, and development of the Highway 111 Corridor as outlined in the General Plan
2035. Remaining bond funds continue to earn interest and are available for future housing projects.
3
ATTACHMENT 1
2020/21
Actuals
2021/22
Original Budget
2021/22
Current Budget
2021/22
YTD Activity*
2022/23
Proposed Budget
22/23 vs.
Current 21/22
% Change
in Budget
241 - HOUSING AUTHORITY
9101 - Housing Authority - Admin
50 - Salaries and Benefits
253,048 258,300 258,300 223,595 278,970 20,670 8%241-9101-50101 Permanent Full Time
385 0 0 172 0 0 0%241-9101-50105 Salaries - Overtime
650 1,800 1,800 450 1,800 0 0%241-9101-50110 Commissions & Boards
185 200 200 91 200 0 0%241-9101-50150 Other Compensation
20,263 23,400 23,400 17,961 24,200 800 3%241-9101-50200 PERS-City Portion
4,208 0 0 2,000 0 0 0%241-9101-50215 Other Fringe Benefits
40,720 58,600 58,600 39,268 69,300 10,700 18%241-9101-50221 Medical Insurance
542 0 0 368 0 0 0%241-9101-50222 Vision Insurance
2,118 0 0 2,023 0 0 0%241-9101-50223 Dental Insurance
113 0 0 128 0 0 0%241-9101-50224 Life Insurance
975 1,600 1,600 1,144 1,700 100 6%241-9101-50225 Long Term Disability
5,700 5,900 5,900 4,425 5,900 0 0%241-9101-50230 Workers Comp Insurance
3,716 3,800 3,800 3,280 4,000 200 5%241-9101-50240 Social Security-Medicare
82 0 0 48 0 0 0%241-9101-50241 Social Security-FICA
50 - Salaries and Benefits Totals:332,705 353,600 353,600 294,953 386,070 32,470 9%
60 - Contract Services
82,963 60,000 60,000 60,850 60,000 0 0%241-9101-60103 Professional Services
5,000 5,000 5,000 0 5,000 0 0%241-9101-60106 Auditors
12,109 20,000 20,000 9,480 20,000 0 0%241-9101-60153 Attorney
60 - Contract Services Totals:100,073 85,000 85,000 70,330 85,000 0 0%
62 - Maintenance & Operations
209 1,000 1,000 0 1,000 0 0%241-9101-60320 Travel & Training
1,513 2,000 2,000 94 2,000 0 0%241-9101-60420 Operating Supplies
62 - Maintenance & Operations Totals:1,722 3,000 3,000 94 3,000 0 0%
69 - Internal Service Charges
8,000 8,100 8,100 6,075 8,100 0 0%241-9101-91843 Property & Crime Insurance
14,000 16,100 16,100 12,075 16,100 0 0%241-9101-91844 Earthquake Insurance
52,400 53,400 53,400 40,050 64,400 11,000 21%241-9101-98110 Information Tech Charges
69 - Internal Service Charges Totals:74,400 77,600 77,600 58,200 88,600 11,000 14%
99 - Transfers Out
278,062 0 0 0 0 0 0%241-9101-99900 Transfers Out
99 - Transfers Out Totals:278,062 0 0 0 0 0 0%
9101 - Housing Authority - Admin Totals:786,962 519,200 519,200 423,577 562,670 43,470 8%
9103 - Housing Authority - LQRP
62 - Maintenance & Operations
157,545 250,000 250,000 180,164 250,000 0 0%241-9103-60157 Rental Expenses
62 - Maintenance & Operations Totals:157,545 250,000 250,000 180,164 250,000 0 0%
9103 - Housing Authority - LQRP Totals:157,545 250,000 250,000 180,164 250,000 0 0%
253,048 258,300 258,300 223,595 278,970 20,670
385 0 0 172 0 0
650 1,800 1,800 450 1,800 0
185 200 200 91 200 0
20,263 23,400 23,400 17,961 24,200 800
4,208 0 0 2,000 0 0
40,720 58,600 58,600 39,268 69,300 10,700
542 0 0 368 0 0
2,118 0 0 2,023 0 0
113 0 0 128 0 0
975 1,600 1,600 1,144 1,700 100
5,700 5,900 5,900 4,425 5,900 0
3,716 3,800 3,800 3,280 4,000 200
82 0 0 48 0 0
332,705 353,600 353,600 294,953 386,070 32,470
82,963 60,000 60,000 60,850 60,000 0
5,000 5,000 5,000 0 5,000 0
12,109 20,000 20,000 9,480 20,000 0
100,073 85,000 85,000 70,330 85,000 0
209 1,000 1,000 0 1,000 0
1,513 2,000 2,000 94 2,000 0
1,722 3,000 3,000 94 3,000 0
8,000 8,100 8,100 6,075 8,100 0
14,000 16,100 16,100 12,075 16,100 0
52,400 53,400 53,400 40,050 64,400 11,000
74,400 77,600 77,600 58,200 88,600 11,000
278,062 0 0 0 0 0
278,062 0 0 0 0 0
786,962 519,200 519,200 423,577 562,670 43,470
157,545 250,000 250,000 180,164 250,000 0
157,545 250,000 250,000 180,164 250,000 0
157,545 250,000 250,000 180,164 250,000 0
CITY OF LA QUINTA HOUSING AUTHORITY HOUSING AUTHORITY EXPENSE DETAIL FY 2022/23 PROPOSED BUDGET
4
ATTACHMENT 1
2020/21
Actuals
2021/22
Original Budget
2021/22
Current Budget
2021/22
YTD Activity*
2022/23
Proposed Budget
22/23 vs.
Current 21/22
% Change
in Budget
9104 - Dune Palms Mobile Estates
60 - Contract Services
56,960 33,000 77,000 76,440 100,000 23,000 30%241-9104-60103 Professional Services
95,307 240,000 415,000 291,764 300,000 (115,000)-28%241-9104-60157 Rental Expense
60 - Contract Services Totals:152,267 273,000 492,000 368,204 400,000 (92,000)-19%
68 - Capital Expenses
0 500,000 500,000 0 500,000 0 0%241-9104-72110 Building/Site Improvements
68 - Capital Expenses Totals:0 500,000 500,000 0 500,000 0 0%
9104 - Dune Palms Mobile Estates Totals:152,267 773,000 992,000 368,204 900,000 (92,000)-9%
241 - HOUSING AUTHORITY Totals:1,096,775 1,542,200 1,761,200 971,945 1,712,670 (48,530)-3%
56,960 33,000 77,000 76,440 100,000 23,000
95,307 240,000 415,000 291,764 300,000 (115,000)
152,267 273,000 492,000 368,204 400,000 (92,000)
0 500,000 500,000 0 500,000 0
0 500,000 500,000 0 500,000 0
152,267 773,000 992,000 368,204 900,000 (92,000)
1,096,775 1,542,200 1,761,200 971,945 1,712,670 (48,530)
CITY OF LA QUINTA HOUSING AUTHORITY HOUSING AUTHORITY EXPENSE DETAIL FY 2022/23 PROPOSED BUDGET
241 Housing Authority Fund: These funds are used to account for the housing activities of the Housing Authority which are to promote and provide quality
affordable housing.
5
ATTACHMENT 1
Fund: 241 - HOUSING AUTHORITY
Permanent Full Time 278,970.00241-9101-50101
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)
Housing Authority Member Stipends (5)
Housing Commissioner Stipends
Professional Services 60,000.00241-9101-60103
Housing compliance services
Travel & Training 1,000.00241-9101-60320
For housing-related training and staff development
Rental Expenses 250,000.00241-9103-60157
Expenses associated with 28 homes owned by the Authority
which are located in the La Quinta Cove
Professional Services 90,000.00241-9104-60103
For residential property management services at Dune Palms
Mobile Estates
Rental Expense 300,000.00241-9104-60157
Expenses associated with 102 units owned by the
Authority which are located in North La Quinta
CITY OF LA QUINTA HOUSING AUTHORITY HOUSING AUTHORITY EXPENSE NOTES FY 2022/23 PROPOSED BUDGET
6
ATTACHMENT 1
2020/21
Actuals
2021/22
Original Budget
2021/22
Current Budget
2021/22
YTD Activity*
2022/23
Proposed Budget
22/23 vs.
Current 21/22
% Change
in Budget
243 - RDA LOW-MOD HOUSING FUND
0000 - Undesignated
64 - Other Expenses
300,000 250,000 250,000 700 250,000 0 0%243-0000-60532 Homelessness Assistance
64 - Other Expenses Totals:300,000 250,000 250,000 700 250,000 0 0%
0000 - Undesignated Totals:300,000 250,000 250,000 700 250,000 0 0%
243 - RDA LOW-MOD HOUSING FUND Totals:300,000 250,000 250,000 700 250,000 0 0%
300,000 250,000 250,000 700 250,000 0
300,000 250,000 250,000 700 250,000 0
300,000 250,000 250,000 700 250,000 0
300,000 250,000 250,000 700 250,000 0
CITY OF LA QUINTA HOUSING AUTHORITY HOUSING AUTHORITY EXPENSE DETAIL FY 2022/23 PROPOSED BUDGET
243 RDA Low-Mod Housing Fund: The 2022/23 former Redevelopment Agency loan repayment of $673,936 will be recognized in reserves within this Fund.
These funds are used to account for the housing activities of the Housing Authority which are to promote and provide quality affordable housing.
7
ATTACHMENT 1
2020/21
Actuals
2021/22
Original Budget
2021/22
Current Budget
2021/22
YTD Activity*
2022/23
Proposed Budget
22/23 vs.
Current 21/22
% Change
in Budget
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)
0000 - Undesignated
68 - Capital Expenses
5,813,436 0 8,630,545 8,631,040 0 (8,630,545)-100%249-0000-74010 Land Acquisition
0 20,000 20,000 0 20,000 0 0%249-0000-80050 Affordable Housing Project Development
68 - Capital Expenses Totals:5,813,436 20,000 8,650,545 8,631,040 20,000 (8,630,545)
-100%
0000 - Undesignated Totals:5,813,436 20,000 8,650,545 8,631,040 20,000 (8,630,545)
-100%
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) Totals:5,813,436 20,000 8,650,545 8,631,040 20,000 (8,630,545)
-100%
5,813,436 0 8,630,545 8,631,040 0 (8,630,545)
0 20,000 20,000 0 20,000 0
5,813,436 20,000 8,650,545 8,631,040 20,000 (8,630,545)
5,813,436 20,000 8,650,545 8,631,040 20,000 (8,630,545)
5,813,436 20,000 8,650,545 8,631,040 20,000 (8,630,545)
CITY OF LA QUINTA HOUSING AUTHORITY HOUSING AUTHORITY EXPENSE DETAIL FY 2022/23 PROPOSED BUDGET
249 Successor Agency Bond Fund: These funds are restricted per individual bond covenants and were used for the acquisition of the vacant property
located between the Pavilion at La Quinta Shopping Center and the La Quinta Valley Plaza Shopping Center on Highway 111. Remaining funds are available
for future housing projects.
8
ATTACHMENT 1
POWER POINTS
HOUSING
COMMISSION
JUNE 8, 2022
Housing Commission Meeting
Regular Quarterly Meeting
June 8, 2022
Pledge of Allegiance
Housing Commission Meeting
June 8, 2022
B1 – Recommend Approval of
Fiscal Year 2022/23 Proposed Budget
Revenue Projections
Fund 241 –Adjustments to rent revenue & reduction in interest earnings
Fund 243 – Includes annual loan repayment $673,936 & reduction in
interest earnings
Fund 249 –Reduction in interest earnings due to HWY 111 land purchase
Housing Fund Revenues 2021/22 Original 2021/22 Current
Variance
Original vs.
Current
2022/23
Proposed
Variance
Current vs.
Proposed
% Change
241 - Housing Authority 871,400 1,666,400 795,000 1,451,500 (214,900) -13%
243 - RDA Low-Mod Housing 35,000 35,000 - 20,000 (15,000) -43%
249 - SA 2011 Low/Mod Bond 201,000 201,000 - 25,000 (176,000) -88%
Total Revenues 1,107,400 1,902,400 795,000 1,496,500 (405,900) -21%
RDA Loan Repayment 660,722 660,722 - 673,936 13,214
Total Operating Revenues 1,768,122 2,563,122 795,000 2,170,436 (392,686)
Expense Projections
Fund 241 – Professional services, legal fees, upgrades and repairs,
insurances, salaries & benefits, information technology charges
Fund 243 – Homelessness funding, no change
Fund 249 – Evaluate future affordable housing projects, no anticipated
land purchases
Housing Fund Expenditures 2021/22 Original 2021/22 Current
Variance
Original vs.
Current
2022/23
Proposed
Variance
Current vs.
Proposed
% Change
241 - Housing Authority 1,542,200 1,761,200 219,000 1,712,670 (48,530) -3%
243 - RDA Low-Mod Housing 250,000 250,000 - 250,000 - 0%
249 - SA 2011 Low/Mod Bond 20,000 8,650,545 8,630,545 20,000 (8,630,545) -100%
Total Expenditures 1,812,200 10,661,745 8,849,545 1,982,670 (8,679,075) -81%
Housing Fund Balances
FUND
#FUND NAME
ESTIMATED
AVAILABLE
FUND
BALANCE
July 1, 2022
ESTIMATED
REVENUES
ESTIMATED
EXPENDITURES
ESTIMATED
ENDING FUND
BALANCE
June 30, 2023
241 HOUSING AUTHORITY FUND 12,000,000 1,451,500 1,712,670 11,738,830
243 RDA LOW-MOD HOUSING FUND 3,000,000 693,936 250,000 3,443,936
249 SA 2011 LOW/MOD BOND 2,900,000 25,000 20,000 2,905,000
17,900,000 2,170,436 1,982,670 18,087,766
CITY OF LA QUINTA ESTIMATED ENDING FUND BALANCES
FISCAL YEAR ENDING JUNE 30, 2023
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 2022/23 is $673,936.
FY 2022/23
Proposed Budget
Next Steps
•Budget Adoption - 06/21/2022
•Monitor and adjust as needed
For the latest budget information visit: www.laquintaca.gov/business/finance/budget
Housing Commission Meeting
Next Regular Meeting Date:
September 14, 2022