2022 12 14 HChi ailiftai
GEM of the DESERT — -
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, DECEMBER 14, 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.), and City
Council Resolution No. 2021-035, adopted by the City Council on September 28, 2021,
and reaffirmed on December 6, 2022, members of the public, the Housing Commission
(Commission), the City Manager, City Attorney, City Staff, and City Consultants shall
participate and attend this special meeting by teleconference only.
Members of the public wanting to listen to this meeting may do so by tuning -in live
via https://laquinta.l2milesout.com/video/live.
*** TELECONFERENCE PROCEDURES ***
PUBLIC COMMENTS — INSTRUCTIONS
Members of the public may address the Commission on any matters listed or not listed
on the agenda as follows:
HOUSING COMMISSION
AGENDA
Page 1 of 6 DECEMBER 14, 2022
VERBAL PUBLIC COMMENTS VIA TELECONFERENCE - members of the public may
attend and participate in this meeting by teleconference via Zoom and use the "raise
your hand" feature when public comments are prompted by the Chair; the City will
facilitate the ability for a member of the public to be audible to the 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 Chair, in order to become audible to the Commission
and the public.
Only one person at a time may speak by teleconference and only after being
recognized by the Chair. Please limit your comments to three (3) minutes (or
approximately 350 words).
ZOOM LINK:
Meeting ID:
Or join by phone:
https://us06web.zoom.us/j/84928069200
849 2806 9200
(253) 215 - 8782
Public speakers may elect to use printed presentation materials to aid their
comments; such printed materials shall be emailed to the Commission Secretary at
rcamarena@LaQuintaCA.gov, preferably by 2:00 p.m. the day of the meeting,
or any time before the adjournment of the meeting, and will be distributed to the
Commission, made public by publishing them on the City's website, and will be
incorporated into the public record of the meeting. There shall be no use of Chamber
resources and technology to display visual or audible presentations during public
comments, unless permitted by the Presiding Officer.
In accordance with City Council Resolution No. 2022-028, a one-time additional
speaker time donation of three (3) minutes per individual is permitted; please note
that the member of the public donating time must: 1) submit this in writing to the
Commission Secretary, via email at the email address provided above, noting the
name of the person to whom time is being donated to, and 2) be present at the time
the speaker provides verbal comments.
Verbal public comments are defined as comments provided in the speakers' own voice
and may not include video or sound recordings of the speaker or of other individuals
or entities, unless permitted by the Chair.
WRITTEN PUBLIC COMMENTS can be provided by emailing the Commission Secretary
as noted above, preferably by 2:00 p.m. on the day of the meeting, or any time
before the adjournment of the meeting, and will be distributed to the Commission,
made public by publishing them on the City's website, incorporated into the public
record of the meeting, and will not be read during the meeting unless, upon the
request of the Chair, a brief summary of any public comment is asked to be read, to
the extent the Commission Secretary can accommodate such request.
The email "subject line" must clearly state "Written Comments" and list the
following:
HOUSING COMMISSION
AGENDA
Page 2 of 6 DECEMBER 14, 2022
1) Full Name
2) City of Residence
3) Phone Number
4) Public Comment or Agenda Item Number
5) Subject
6) Written Comments
All writings or documents, including but not limited to emails and attachments to
emails, submitted to the City regarding any item(s) listed or not listed on this agenda
are public records. All information in such writings and documents is subject to
disclosure as being in the public domain and subject to search and review by
electronic means, including but not limited to the City's Internet Web site and any
other Internet Web -based platform or other Web -based form of communication. All
information in such writings and documents similarly is subject to disclosure pursuant
to the California Public Records Act [Government Code § 6250 et seq.].
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
Commission Secretary 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
Commission Secretary during the course of the meeting. The Chair will endeavor to
take a brief pause before action is taken on any agenda item to allow the Commission
Secretary to review emails and share any public comments received during the
meeting. All emails received by the Commission Secretary, at the email address
above, until the adjournment of the meeting, will be included in the public record
relating to the meeting.
******************************
CALL TO ORDER
ROLL CALL: Commissioners: Casto, Chapman, Davidson, Pacheco, and
Chairperson Gaeta-Mejia
PLEDGE OF ALLEGIANCE
PUBLIC COMMENTS - INSTRUCTIONS
Members of the public may address the Housing Commission (Commission)
on any matter listed or not listed on the agenda as follows:
WRITTEN PUBLIC COMMENTS can be provided either in -person during the
meeting by submitting 15 copies to the Commission Secretary; it is requested
that this takes place prior to the beginning of the meeting; or can be emailed
in advance to DKinlev@LaQuintaCA.Gov, no later than 12:00 p.m., on the day
HOUSING COMMISSION
AGENDA
Page 3 of 6 DECEMBER 14, 2022
of the meeting. Written public comments will be distributed to the
Commission, made public, and will be incorporated into the public record of
the meeting, but will not be read during the meeting unless, upon the request
of the Chair, a brief summary of public comments is asked to be reported.
If written public comments are emailed, the email subject line must clearly
state "Written Comments" and should include: 1) full name, 2) city of
residence, and 3) subject matter.
VERBAL PUBLIC COMMENTS can be provided in -person during the meeting by
completing a "Request to Speak" form and submitting it to the Commission
Secretary; it is requested that this takes place prior to the beginning of the
meeting. Please limit your comments to three (3) minutes (or approximately
350 words). Members of the public shall be called upon to speak by the Chair.
In accordance with City Council Resolution No. 2022-028, a one-time
additional speaker time donation of three (3) minutes per individual is
permitted; please note that the member of the public donating time must: 1)
submit this in writing to the Commission Secretary by completing a "Request
to Speak" form noting the name of the person to whom time is being donated
to, and 2) be present at the time the speaker provides verbal comments.
Verbal public comments are defined as comments provided in the speakers'
own voice and may not include video or sound recordings of the speaker or of
other individuals or entities, unless permitted by the Chair.
Public speakers may elect to use printed presentation materials to aid their
comments; 15 copies of such printed materials shall be provided to the
Commission Secretary to be disseminated to the Commission, made public,
and incorporated into the public record of the meeting; it is requested that the
printed materials are provided prior to the beginning of the meeting. There
shall be no use of Chamber resources and technology to display visual or
audible presentations during public comments, unless permitted by the Chair.
All writings or documents, including but not limited to emails and attachments
to emails, submitted to the City regarding any item(s) listed or not listed on
this agenda are public records. All information in such writings and documents
is subject to disclosure as being in the public domain and subject to search
and review by electronic means, including but not limited to the City's Internet
Web site and any other Internet Web -based platform or other Web -based form
of communication. All information in such writings and documents similarly is
subject to disclosure pursuant to the California Public Records Act
[Government Code § 6250 et seq.].
HOUSING COMMISSION
AGENDA
Page 4 of 6 DECEMBER 14, 2022
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
At this time, members of the public may address the Commission on any
matter not listed on the agenda pursuant to the "Public Comments -
Instructions" listed above. The 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 the
Brown Act [Government Code § 54954.2(b)].
PRESENTATIONS - NONE
CONFIRMATION OF AGENDA
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one
motion.
1. APPROVE MINUTES OF NOVEMBER 9, 2022
BUSINESS SESSION
1. RECEIVE AND FILE FISCAL YEAR 2021/22 HOUSING AUTHORITY YEAR-
END BUDGET REPORT
STUDY SESSION
1. REVIEW FISCAL YEAR 2022/23 HOUSING COMMISSION ACTIVITY
COMMISSIONERS' ITEMS
ADJOURNMENT
The next regular quarterly meeting of the Housing Commission will be held
on March 8, 2023, commencing at 4:00 p.m., to be held at the La Quinta
Chamber, 78495 Calle Tampico, La Quinta, California, 92253.
HOUSING COMMISSION
AGENDA
Page 5 of 6 DECEMBER 14, 2022
DECLARATION OF POSTING
I, Reyna Camarena, Secretary of the Housing Commission, do hereby declare
that the foregoing Agenda for the Commission meeting of December 14,
2022, was posted on the City's website, near the entrance to the La Quinta
Chamber 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 December 9, 2022.
DATED: December 9, 2022
REYNA CAMARENA
Commission Secretary
City of La Quinta, California
Public Notices
• The La Quinta Chamber is handicapped accessible. If special equipment is
needed for the hearing impaired, please call the City Manager's office at
(760) 777-7085, 24-hours in advance of the meeting and accommodations
will be made.
• If background material is to be presented to the Commission during the
meeting, please be advised that 15 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.
HOUSING COMMISSION
AGENDA
Page 6 of 6 DECEMBER 14, 2022
HOUSING COMMISSION
SPECIAL MEETING
MINUTES
WEDNESDAY, NOVEMBER 9, 2022
CALL TO ORDER
A special meeting of the La Quinta Housing Commission (Commission) was
called to order at 6:02 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.), and
City Council Resolution No. 2021-035, adopted by the City Council on
September 28, 2021, and reaffirmed on October 18, 2022, members of the
public, the Housing Commission, and City Staff participated in this meeting by
teleconference only.
PRESENT:
ABSENT:
Commissioners Casto, Chapman, Davidson, Pacheco, and
Chairperson Gaeta-Mejia
None
STAFF PRESENT: Management Analyst Kinley, Management Specialist Griffin,
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 6:06 p.m. and staff would continue to monitor email
HOUSING COMMISSION MINUTES
SPECIAL MEETING
Page 1 of 3 NOVEMBER 9, 2022
communications and teleconference attendance for the duration of the
meeting, should any requests by the public are received.
ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS
- None
CONSENT CALENDAR
1. APPROVE MEETING MINUTES OF JUNE 8, 2022
2. APPROVE MEETING MINUTES OF SEPTEMBER 14, 2022
MOTION - A motion was made and seconded by Commissioners Gaeta-Mejia
/Chapman to approve the Consent Calendar as recommended. Motion passed
unanimously.
BUSINESS SESSION
1. APPOINT MEMBERS OF THE HOUSING COMMISSION TO SERVE
AS CHAIRPERSON AND VICE -CHAIRPERSON FOR FISCAL YEAR
2022-23
Management Analyst Kinley presented the staff report, which is on file in the
City Manager's Office.
Staff provided a brief overview of the voting process, and roles and
responsibilities for the Chairperson and Vice -Chairperson positions.
MOTION - A motion was made and seconded by Commissioners
Casto/Chapman to re -appoint Commissioners Gaeta-Mejia and Pacheco to
serve as Chairperson and Vice -Chairperson, respectively for fiscal year
2022/23. Motion passed unanimously.
2. RECOMMEND THE HOUSING AUTHORITY APPROVE PURCHASE
AND SALE AGREEEMENT WITH BP DUNE PALMS, LP, BY GENERAL
PARTNER BLACKPOINT PROPERTIES, LLC, TO ACQUIRE A
PORTION OF CERTAIN PROPERTY COMPRISING
APPROXIMATELY 5.2 ACRES LOCATED ON THE NORTHEAST
CORNER OF HIGHWAY 111 AND DUNE PALMS ROAD (APN: 600-
030-018)
Management Analyst Kinley presented the staff report which is on file in
the City Manager's Office.
HOUSING COMMISSION MINUTES
SPECIAL MEETING
Page 2 of 3 NOVEMBER 9, 2022
The Commission discussed property location; build -out options including
potential affordable housing development of up to 150 units and 2-3 stories,
and mixed -use component to maximize allowable unit density per the mixed -
use overlay; partnering with a third party developer to determine best options
for build -out and funding availabilities; management alternatives; proximity
to future CV Link project and multi -modal transportation options, and
walkability to nearby employment, commerce, and schools.
Commission expressed general support for the land acquisition as proposed.
MOTION - A motion was made and seconded by Commissioners
Casto/Davidson to recommend Housing Authority approval of Purchase and
Sale Agreement with BP Dune Palms, LP, by General Partner Blackpoint
Properties, LLC, to acquire a portion of certain property comprised of
approximately 5.2 acres located on the Northeast corner of Highway 111 and
Dune Palms Road (APN: 600-030-018). Motion passed unanimously.
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 Chapman/Pacheco to adjourn the meeting at 6:26 p.m. Motion
passed unanimously.
Respectfully submitted,
ern a 6arvi-avLe4-va
REYNA CAMARENA, Commission Secretary
City of La Quinta, California
HOUSING COMMISSION MINUTES
SPECIAL MEETING
Page 3 of 3 NOVEMBER 9, 2022
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HAS BEEN
INTENTIONALLY
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City of La Quinta
BUSINESS SESSION ITEM NO. 1
HOUSING COMMISSION MEETING: December 14, 2022
STAFF REPORT
AGENDA TITLF: RECEIVE AND FILE FISCAL YEAR 2021/22 HOUSING
AUTHORITY YEAR-END BUDGET REPORT
RECOMMENDATION
Receive and file 2021/22 Housing Authority Year -End Budget Report.
EXECUTIVE SUMMARY
• After closing the prior fiscal year, Finance presents a year-end summary
that compares the final budget to actual transactions.
• Overall revenue was $121,381 higher than budgeted.
• Overall expenditures were $734,188 under budget and $55,000 would be
carried over to fiscal year (FY) 2022/23.
• The Report will be presented to the Housing Authority on December 20,
2022.
BACKGROUND/ANALYSIS
Total adjusted revenues were over budget by $121,381; mostly due to second
trust deed payments and rent revenue.
Total expenditures were under budget by $734,188 with $55,000 to be carried
over to FY 2022/23 for homelessness assistance programs.
Revenues, expenditures, carryovers, and fund balances are discussed in the
Fiscal Year -End 2021/22 Housing Authority Budget Report (Attachment 1).
ALTERNTIVES
No alternatives are applicable.
Prepared by: Claudia Martinez, Finance Director
Attachment: 1. Fiscal Year -End 2021/22 Housing Authority Budget
Report
CALIFORNIA
HOUSING AUTHORITY
FISCAL YEAR-END 2021/22 BUDGET REPORT
The La Quinta Housing Authority oversees three funds, which are restricted
for affordable housing programs. This report focuses on significant activities
and variances from the final budget during the fiscal year (FY) ended June 30,
2022.
REVENUE'
Total revenues, after non -cash adjustments, were over budget by $121,381.
Revenues are summarized by fund below and detailed in Exhibit A.
Housing Authority Revenues
Final Budget Actual Variance
Housing Authority Fund
RDA Low -Mod Housing Fund
2011 Bond Fund
Total Revenues
Non -Cash Adjustments
Investments Fair Market Value Adjustment
RDA Loan Interest Earned, Extraordinary Gain
1,666,400
35,000
26,000
1,403,947
43,583
8,177
(262,453)
8,583
(17,823)
1,727,400 1,455,707 (271,693)
514,977 514,977
(121,903) (121,903)
Total Adjusted Revenues 1,848,781 121,381
Larger revenue variances from the final budget are described below.
• Use of Money and Property includes the annual fair market value
adjustment to the Authority's investments; noted as GASB 31 Interest
on the revenue line items. In accordance with accounting regulations, a
portfolio value adjustment of $514,977 was recorded in order to
recognize current market values. This amount has been recorded as an
adjustment to revenues, as it is not cash received nor anticipated to be
received in the future.
The Authority's investments have a five-year horizon with laddered
maturities. The Authority has worked diligently to leverage highly
restricted investments under volatile market conditions. On June 30,
2021, the portfolio was earning a 0.95% rate of return and on June 30,
2022 the return was 0.79%. The fiscal year to date rate of return is
1.30% as of September 2022, which will increase interest earnings
going forward.
• Extraordinary Gain revenue of $121,903 in the RDA Low -Mod Housing
Fund records the annual former Redevelopment Agency loan repayment
interest earned in FY 2021/22. The loan repayments are structured to
pay all principal first, then interest. Each year the City records the
payment received and interest earned in accordance with the State
Department of Finance approved loan repayment schedule. This amount
is also reduced from revenues as an adjustment because it is earned,
but not received until a future date.
=XPENSES
Housing Authority expenses by fund are summarized below and detailed in
Exhibit B.
Housin. Authorit Ex. enditures
Final Bud . et Actual Variance
Housing Authority Fund
Administration
La Quinta Cove Properties
Dune Palms Mobile Estates
RDA Low -Mod Housing Fund
2011 Bond Fund
519,200
250,000
992,000
250,000
8,650,545
507,209 (11,991)
251,793 1,793
461,780 (530,220)
50,700 (199,300)
8,656,075 5,530
Total Expenditures 10,661,745 9,927,557 (734,188)
Capital Project Carryovers -
Operational/Contractual Carryovers
Total Expenditures After Carryovers 10,661,745 9,982,557 (679,188)
55,000
Carryovers from FY 2021/22 to FY 2022/23 in the amount of $55,000 can be
found on Exhibit C.
HOUSING AUTHORITY FUND (241)
This fund recognizes administrative expenses and housing activities for
several Authority -owned properties in the La Quinta Cove and Dune Palms
Mobile Estates.
Combined administration savings of $11,991 were recognized for salaries and
benefits, legal services, and operational expenses. A minor overage in the
amount of $1,793 was for rental expenses for cove Properties. The majority
of the savings in the amount of $530,220 is attributed to building/site
improvements for Dune Palms Mobile Estates which are currently underway in
FY 2022/23.
Funds not being carried over are recognized as Restricted Fund balance in the
Housing Fund. As of June 30, 2022, the available balance in this fund was
$12,402,782.
LOW -MOD HOUSING FUND (243)
Revenue in this fund is solely derived from Redevelopment Agency loan
repayments and interest earnings. Annually loan repayments are allocated
80% to the General Fund and 20% to the Low -Mod Housing Fund. The total
outstanding loan balance as of June 30, 2022 is $27,394,184; with
$5,478,837 or 20% recognized in this fund as a future receivable.
In FY 2021/22, a total of $50,700 was expensed for homelessness programs
in the greater Coachella Valley, with savings of $55,000 being carried over to
FY 2022/23. As of June 30, 2022, the available balance in this fund was
$3,475,630.
2011 BOND FUND (249)
This fund is restricted to future housing projects. In FY 21/22, the City
acquired vacant property located between the Pavilion at La Quinta Shopping
Center and the La Quinta Valley Plaza Shopping Center on Highway 111, for
the purposes of building affordable housing and potentially mixed -use
economic development projects with commercial and residential components,
with an obligation for the City to repay the housing fund if a portion of the
property is subsequently sold or used for purposes that are not in furtherance
of affordable housing and related infrastructure. As of June 30, 2022, the
available balance in this fund was $2,887,859.
FUND BALANCES
Below is a summary of Housing Authority fund balances as of June 30, 2022.
These funds are restricted for housing programs.
Housing Funds
Fund Balance
as of 6/ 30/ 22
Housing Authority Fund (241)
12,402,782
Low -Mod Housing Fund (243)
3,475,630
2011 Bond Fund 249
2 887 859
TOTAL HOUSING FUNDS
18,766,271
CITY OF LA QUINTA EXHIBIT A
HOUSING AUTHORITY FUNDS
REVENUE DETAILS 2021/22 YEAR-END BUDGET REPORT
241 - HOUSING AUTHORITY
241-9101-41900 Allocated Interest
241-9101-41910
241-9101-41915
241-9101-42301
241-9101-42706
241-9101-43504
241-9101-45000
241-9102-42305
241-9103-43502
241-9104-42112
241-9104-42302
GASB 31 Interest
Non -Allocated Interest
Miscellaneous Revenue
Loan Repayments
2nd Trust Deed Repayments
Sale of Other Assets
Miscellaneous Reimbursements
Rent Revenue/LQRP
Rent Revenue/Tenant/Dune Palms
Miscellaneous Revenue/Dune Palrr
Total:
243 - RDA LOW -MOD HOUSING FUND
243-0000-41900 Allocated Interest
243-0000-41910 GASB 31 Interest
243-0000-48500 Extraordinary Gain
Total:
249 - SA 2011 LOW/MOD BOND FUND (Refinance
249-0000-41900 Allocated Interest
249-0000-41910 GASB 31 Interest
249-0000-41915 Non -Allocated Interest
Total:
HOUSING AUTHORITY REVENUE
Non -Cash Transactions
Adjusted Revenues
2020/21 2021/22
Actuals Original Budget
130,011
(122,128)
366
1
0
385,447
1,219,485
1,820
290,939
363,115
0
160,000
0
400
0
0
50,000
0
0
290,000
370,000
1,000
2021/22
Final Budget
160,000
0
400
0
0
50,000
370,000
0
290,000
795,000
1,000
2021/22
Actuals
99,822
(385,817)
430
226
96,215
130,179
367,078
(1,820)
306,372
791,261
0
2,269,056
28,268
(27,323)
147,987
148,931
5,696
(81,406)
79,292
871,400
35,000
0
0
35,000
1,000
0
200,000
1,666,400 1,403,947
35,000
0
0
35,000
1,000
0
25,000
24,081
(102,401)
121,903
43,583
5,494
(26,759)
29,442
3,582
201,000
26,000 8,177
2,421,570
1,107,400
1,727,400 1,455,707
393,074
1,848, 781
Unaudited, final numbers will be reported in the 2021/22 Financial Statements.
CITY OF LA QUINTA EXHIBIT B
HOUSING AUTHORITY FUNDS
EXPENSE DETAILS 2021/22 YEAR-END BUDGET REPORT
2020/21 2021/22 2021/22 2021/22
Actuals Original Budget Final Budget Actuals
241 - HOUSING AUTHORITY
9101 - Housing Authority - Admin
50 - Salaries and Benefits
241-9101-50101 Permanent Full Time 253,048 258,300 258,300 252,219
241-9101-50105 Salaries - Overtime 385 0 0 172
241-9101-50110 Commissions & Boards 650 1,800 1,800 550
241-9101-50150 Other Compensation 185 200 200 103
241-9101-50200 PERS-City Portion 20,263 23,400 23,400 20,432
241-9101-50215 Other Fringe Benefits 4,208 0 0 2,000
241-9101-50221 Medical Insurance 40,720 58,600 58,600 44,830
241-9101-50222 Vision Insurance 542 0 0 415
241-9101-50223 Dental Insurance 2,118 0 0 2,337
241-9101-50224 Life Insurance 113 0 0 151
241-9101-50225 Long Term Disability 975 1,600 1,600 1,320
241-9101-50230 Workers Comp Insurance 5,700 5,900 5,900 5,900
241-9101-50240 Social Security -Medicare 3,716 3,800 3,800 3,697
241-9101-50241 Social Security -FICA 82 0 0 66
50 - Salaries and Benefits Totals: 332,705 353,600 353,600 334,191
60 - Contract Services
241-9101-60103 Professional Services 82,963 60,000 60,000 74,532
241-9101-60106 Auditors 5,000 5,000 5,000 5,000
241-9101-60153 Attorney 12,109 20,000 20,000 15,792
60 - Contract Services Totals: 100,073 85,000 85,000 95,324
62 - Maintenance & Operations
241-9101-60320 Travel & Training
241-9101-60420 Operating Supplies
62 - Maintenance & Operations Totals:
209 1,000 1,000 0
1,513 2,000 2,000 94
1,722 3,000 3,000 94
69 - Internal Service Charges
241-9101-91843 Property & Crime Insurance 8,000 8,100 8,100 8,100
241-9101-91844 Earthquake Insurance 14,000 16,100 16,100 16,100
241-9101-98110 Information Tech Charges 52,400 53,400 53,400 53,400
69 - Internal Service Charges Totals: 74,400 77,600 77,600 77,600
99 - Transfers Out
241-9101-99900 Transfers Out
278,062 0 0 0
99 - Transfers Out Totals: 278,062
9101 - Housing Authority - Admin Totals:
0
0 0
786,962 519,200
519,200 507,209
9103 - Housing Authority - LQRP
62 - Maintenance & Operations
241-9103-60157 Rental Expenses 157,545 250,000 250,000 251,793
62 - Maintenance & Operations Totals: 157,545 250,000 250,000 251,793
9103 - Housing Authority - LQRP Totals: 157,545 250,000 250,000 251,793
9104 - Dune Palms Mobile Estates
60 - Contract Services
241-9104-60103 Professional Services 56,960 33,000 77,000 101,257
241-9104-60157 Rental Expense 95,307 240,000 415,000 360,523
60 - Contract Services Totals: 152,267 273,000 492,000 461,780
68 - Capital Expenses
241-9104-72110 Building/Site Improvements 0 500,000 500,000 0
68 - Capital Expenses Totals: 0 500,000 500,000 0
9104 - Dune Palms Mobile Estates Totals: 152,267 773,000 992,000 461,780
241 - HOUSING AUTHORITY Totals: 1,096,775 1,542,200 1,761,200 1,220,781
Unaudited, final numbers will be reported in the 2021/22 Financial Statements.
CITY OF LA QUINTA EXHIBIT B
HOUSING AUTHORITY FUNDS
EXPENSE DETAILS 2021/22 YEAR-END BUDGET REPORT
2020/21 2021/22 2021/22 2021/22
Actuals Original Budget Final Budget Actuals
243 - RDA LOW -MOD HOUSING FUND
0000 - Undesignated
64 - Other Expenses
243-0000-60532 Homelessness Assistance 300,000 250,000 250,000 50,700
64 - Other Expenses Totals: 300,000 250,000 250,000 50,700
0000 - Undesignated Totals:
243 - RDA LOW -MOD HOUSING FUND Totals:
300,000 250,000
250,000 50,700
300,000 250,000
250,000 50,700
Unaudited, final numbers will be reported in the 2021/22 Financial Statements.
CITY OF LA QUINTA EXHIBIT B
HOUSING AUTHORITY FUNDS
EXPENSE DETAILS 2021/22 YEAR-END BUDGET REPORT
2020/21 2021/22 2021/22 2021/22
Actuals Original Budget Final Budget Actuals
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in
0000 - Undesignated
68 - Capital Expenses
249-0000-74010 Land Acquisition 5,813,436 0 8,630,545 8,631,040
249-0000-80050 Affordable Housing Project Developme 0 20,000 20,000 25,035
68 - Capital Expenses Totals: 5,813,436 20,000 8,650,545 8,656,075
0000 - Undesignated Totals: 5,813,436
20,000
8,650,545 8,656,075
L LOW/MOD BOND FUND (Refinanced in 2016) Totals: 5,813,436
20,000
8,650,545 8,656,075
Unaudited, final numbers will be reported in the 2021/22 Financial Statements.
CITY OF LA QUINTA EXHIBIT C
HOUSING AUTHORITY FUNDS
CARRYOVER SUMMARY 2021/22 YEAR-END BUDGET REPORT
Revised Continuing Appropriations/Carryovers from 2021/22 to 2022/23
Vendor/Program Account Number Description Estimated Revised
Homelessness Assistance 243-0000-60532 Homelessness Assistance
$ 55,000
TOTAL AUTHORITY CARRYOVERS $
$ 55,000
NOTE: In June 2022 when the budget was adopted all carryovers were estimates based on projected invoices to end fiscal year
2021/22. Upon completion of the final audit, Finance verified account balances and additional carryover recommendations based on
current budgetary needs. In no event shall a carryover exceed the revised per account amount noted above.
STUDY SESSION ITEM NO. 1
City of La Quinta
HOUSING COMMISSION MEETING: December 14, 2022
STAFF REPORT
AGENDA TITLE! DISCUSS FISCAL YEAR 2022/23 HOUSING COMMISSION
ACTIVITY
RECOMMENDATI
Discuss fiscal year 2022/23 Housing Commission Activity.
EXECUTIVE SUMMARY
• The Housing Commission (Commission) was established in 2009 to
review and make recommendations on matters under the purview of the
Housing Authority (Authority).
FISCAL IMPACT- None
BACKGROUND/ANALYSIS
The Commission was established in 2009 to review and make
recommendations on matters within the purview of the Authority. The
Commission is comprised of five members appointed by the Authority (three
non -tenant and two tenant seats, with one over the age of 62).
The Commission meets quarterly in the months of March, June, September
and December; special meetings can be scheduled as necessary; fiscal year
2022/23 regular meeting dates are:
• September 14, 2022 • March 8, 2023
• December 14, 2022 • June 14, 2023
Generally, the City Council holds an annual Special Joint Meeting with the
City's Boards and Commissions.
Commission priorities for 2022/23 include:
• Review of Regional Housing Needs Assessment numbers and next
opportunities for affordable housing development
• Review of Cove rental properties
• Improvements to the Dune Palms Mobile Estates park
• Homelessness Prevention Funding Assistance
• Other miscellaneous Housing activities and partnerships
Prepared by:
Approved by:
Doug Kinley, Management Analyst
Gilbert Villalpando, Director of Housing Development
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POWER POINTS
HOUSING
COMMISSION
DECEMBER 14, 2022
12/15/2022
Housing Commission Meeting
Regular Quarterly Meeting
1
Pledge of Allegiance
12/15/2022
Housing Commission Meeting
December 14, 2022
B1 - Fiscal Year -End 2021/22
Housing Authority Budget Report
7
3
Overall Revenues
• $121,381 over budget due to:
— Trust deed repayments and actual rent revenue
• Two non -cash adjustments
— (-$514,977) fair market value
— $121,903 RDA loan interest earnings
• $660,722 RDA loan repayment in 2021/22
• Bond Fund revenue from interest only
4
2
12/15/2022
Overall Expenses
• Housing Authority Fund under budget by $540,418
— Savings in payroll, legal, and operational expenses
— Building/site improvements underway for FY 22-23
• Low -Mod & Bond Fund savings
— Land acquisition for vacant property on HWY 111
— Carryover of $55,000 to FY 2022/23
5
Available Fund Balances
Fund
Fund Balance
Housing Authority
Low -Mod Housing
2011 Bond
$12,402,782
$3,475,630
$2,887,859
Total
$18,766,271
Receive' ' Low -PA" 11—'4ng F�..
RDA Loan Balance $5,478,837
Principal $2,607,097
Interest $2,871,740
6
3
12/15/2022
Housing Commission Meeting
December 14, 2022
2022/23 Housing Commission Activity
7
History of the Commission
• Established in 2009
• Meets regularly every quarter
• May hold a special or emergency meeting
8
4
12/15/2022
Commission Priorities
for FY 22/23
• Review of RHNA
• Review of Cove Rental Properties
• Dune Palms Mobile Estates
• Homelessness Prevention
• Miscellaneous Housing Activities
9
10
5
12/15/2022
Next Regular Meeting Date:
March 8, 2023
11
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