2023 06 14 HCI
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Housing Commission agendas and staff
reports are now available on the City's web
page: wwwAguintaca.gov
HOUSING COMMISSION
AGENDA
CITY HALL COUNCIL CHAMBER
78495 Calle Tampico, La Quinta
WEDNESDAY, JUNE 14, 2023, AT 4:00 P.M.
******************************
Members of the public may listen to this meeting by tuning -in live via
httD://Iaauinta.12milesout.com/video/live.
CALL TO ORDER
ROLL CALL: Commissioners: Casto, Chapman, Pacheco, and Chairperson Gaeta-Mejia
VACANCY: One (1)
PLEDGE OF ALLEGIANCE
PUBLIC COMMENTS — INSTRUCTIONS
Members of the public may address the 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
LMcGinleyCa_LaQuintaCA.Gov, no later than 12:00 p.m., on the day 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.
HOUSING COMMISSION AGENDA Page 1 of 4 JUNE 14, 2023
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 § 7920.000 et seq.].
TELECONFERENCE ACCESSIBILITY — INSTRUCTIONS
Teleconference accessibility may be triggered in accordance with AB 2449 (Stats. 2022,
Ch. 285), codified in the Brown Act [Government Code § 54953], if a member of the Housing
Commission requests to attend and participate in this meeting remotely due to `just cause"
or "emergency circumstances," as defined, and only if the request is approved. In such
instances, remote public accessibility and participation will be facilitated via Zoom Webinar
as detailed at the end of this Agenda.
HOUSING COMMISSION AGENDA Page 2 of 4 JUNE 14, 2023
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)].
CONFIRMATION OF AGENDA
ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS - None
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion
1. APPROVE MEETING MINUTES DATED MARCH 8, 2023
BUSINESS SESSION
1. DISCUSS AND APPROVE FISCAL YEAR 2023/24 PROPOSED HOUSING
AUTHORITY BUDGET
COMMISSIONERS' ITEMS
ADJOURNMENT
The next regular quarterly meeting of the La Quinta Housing Commission will be held
September 13, 2023, commencing at 4:00 p.m. at the La Quinta City Hall Council
Chamber, 78495 Calle Tampico, La Quinta, CA 92253.
DECLARATION OF POSTING
I, Laurie McGinley, Secretary of the Housing Commission of the City of La Quinta, do
hereby declare that the foregoing Agenda for the Commission meeting of June 14, 2023,
was posted on the City's website, near the entrance to the Council Chamber at 78495
Calle Tampico and the bulletin board at 51321 Avenida Bermudas, on June 9, 2023.
DATED: June 9, 2023
Laurie McGinley, Deputy City Clerk
City of La Quinta, California
HOUSING COMMISSION AGENDA Page 3 of 4 JUNE 14, 2023
Paqe
Public Notices
• Agenda packet materials are available for public inspection: 1) at the Clerk's Office at
La Quinta City Hall, located at 78495 Calle Tampico, La Quinta, California 92253; and
2) on the City's website at https://www.laguintaca.gov/business/boards-and-
Commissions/housing-commission, in accordance with the Brown Act [Government
Code § 54957.5; AB 2647 (Stats. 2022, Ch. 971)].
• The La Quinta City Council Chamber is handicapped accessible. If special equipment
is needed for the hearing impaired, please contact Commission Secretary at (760) 777-
7162, 24-hours in advance of the meeting and accommodations will be made.
• If background material is to be presented to the Commission during a Commission
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.
*** TELECONFERENCE PROCEDURES — PURSUANT TO AB 2449***
APPLICABLE ONLY WHEN TELECONFERENCE ACCESSIBILITY IS IN EFFECT
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/they 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.
ZOOM LINK: https://us06web.zoom.us/m/84928069200
Meeting ID: 849 2806 9200
Or join by phone: (253) 215 - 8782
Written public comments — can be provided in person during the meeting or emailed to
LMcGinley(a)LaQuintaCA.Gov any time prior to the adjournment of the meeting, and will be
distributed to the Commission, made public, 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 Committee can
accommodate such request.
HOUSING COMMISSION AGENDA Page 4 of 4 JUNE 14, 2023
CONSENT CALENDAR ITEM NO. 1
HOUSING COMMISSION
MINUTES
WEDNESDAY, MARCH 8, 2023
CALL TO ORDER
A regular meeting of the La Quinta Housing Commission was called to order at 4:03 p.m.
by Chairperson Gaeta-Mejia
PRESENT: Commissioners, Chapman, Pacheco and Chairperson Gaeta-Mejia
ABSENT: Commissioners Casto and Davidson
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 — None
ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS — None
CONSENT CALENDAR
1. APPROVE MEETING MINUTES DATED DECEMBER 14, 2022
MOTION — A motion was made and seconded by Commissioners Chapman/Pacheco to
approve the Consent Calendar as recommended. Motion passed: ayes — 3; noes — 0;
abstain — 0; absent — 2 (Casto and Davidson).
BUSINESS SESSION
1. RECOMMEND HOUSING AUTHORITY APPROVAL FOR LOCAL HOMELESS
PREVENTION PROGRAMS FUNDING FOR FISCAL YEAR 2023/24
Management Analyst Kinley presented the staff report, which is on file in the Clerk's
Office.
Staff answered questions regarding grant funding sources; homeless prevention services
and programs offered by Lift to Rise; and the Coachella Valley Rescue Mission's portable
laundry program.
MOTION — A motion was made and seconded by Commissioners Pacheco/Chapman to
recommend Housing Authority funding approval to provide assistance to local homeless
service providers and homeless prevention partners to Coachella Valley Rescue Mission,
HOUSING COMMISSION MINUTES Page 1 of 2 MARCH 8, 2023
5
Martha's Village and Kitchen, and Coachella Valley Association of Governments for fiscal
year 2023/24, as recommended. Motion passed: ayes — 3; noes — 0; abstain — 0; absent
— 2 (Casto and Davidson).
COMMISSIONERS' ITEMS
Management Analyst Kinley thanked Commissioners for attending the City's Annual
Community Workshop held on February 15, 2023.
ADJOURNMENT
There being no further business, a motion was made and seconded by Commissioners
Pacheco/Chapman to adjourn at 4:18 p.m. Motion passed: ayes — 3; noes — 0; abstain —
0; absent — 2 (Casto and Davidson).
Respectfully submitted,
Laurie McGinley, Commission Secretary
City of La Quinta, California
HOUSING COMMISSION MINUTES Page 2 of 2 MARCH 8, 2023
City of La Quinta BUSINESS SESSION ITEM NO. 1
HOUSING COMMISSION MEETING: June 14, 2023
STAFF REPORT
AGENDA TITLE: DISCUSS AND APPROVE FISCAL YEAR 2023/24 PROPOSED
HOUSING AUTHORITY BUDGET
RECOMMENDATION
Approve the fiscal year 2023/24 Housing Authority Budget and recommend approval by the
Housing Authority.
EXECUTIVE SUMMARY
The proposed 2023/24 Housing Authority Budget is presented to the Commission
for review and approval, the Housing Authority reviewed the proposed budget on
June 6, 2023.
• The proposed budget has a surplus of $95,448.
• Final budget adoption is scheduled for June 20, 2023.
FISCAL IMPACT
The preliminary Housing Authority budget projects revenues of $2,154,915 (inclusive of the
annual loan repayment of $687,415) and expenditures of $2,059,467, resulting in a surplus
of $95,448.
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 2021/22 actuals, changes in 2022/23, and
projections for 2023/24. 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 20, 2023 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 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, Housing Authority Finance Director
Approved by: Jon McMillen, Housing Authority Executive Director
Attachment: 1. Fiscal Year 2023/24 Proposed Budget
s
HOUSING AUTHORITY
2023/24 PROPOSED BUDGET
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CALIFORNIA
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 6, 2023 and is scheduled for
adoption on June 20, 2023.
The 2023/24 Authority budget has three active funds restricted to housing operations. Estimated
Fund Balance, revenues, and expenditures for each fund are summarized below:
CITY OF LAQUINTA ESTIMATED ENDING FUND BALANCES
FISCAL YEAR ENDING JUNE 30, 2023
ESTIMATED
AVAILABLE
ESTIMATED
FUND
ENDING FUND
FUND
BALANCE
ESTIMATED
ESTIMATED
BALANCE
#
FUND NAME
July 1, 2023
REVENUES
EXPENDITURES
June 30, 2024
241
HOUSING AUTHORITY FUND
12,000,000
1,401,500
1,559,467
11,842,033
243*
RDA LOW -MOD HOUSING FUND
3,000,000
717,415
250,000
3,467,415
249
SA 2011 LOW/MOD BOND
800,000
36,000
250,000
586,000
GRAND TOTALI
15,800,000
1 2,154,9151
2,059,467
1 15,895,448
* 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 2023/24 is $687,415.
REVENUES
When all funds are combined, there is a 49% decrease in revenues from the current 2022/23 current
budget to the proposed 2023/24 budget. All three funds show an increase in allocated interest due
to current capital market conditions and anticipated upward growth.
The Housing Authority Fund (241) has an overall decrease of $50,000 with an increase in allocated
interest along with a decrease in anticipated sale of other assets. A slight increase in rent revenue
for La Quinta Palms Realty and Dune Palms Mobile Home Estates is expected due to current year-
to-date activity.
The RDA Low -Mod Housing Fund (243) recognizes the annual loan repayment from the Last and
Final Recognized Obligation Payment Schedule (ROPS) for the Successor Agency (former
Redevelopment Agency). For 2023/24 the total loan repayment is $3,437,076, which is allocated
80% to the General Fund ($2,749,661) and 20% to the Housing Authority Fund ($687,415). Any of
the Housing Authority portion of the revenue not expended will be recognized in reserves in Fund
243. The final loan repayment is scheduled for fiscal year 2029/30. Remaining outstanding loan
41
repayments after 2023/24 total $21,679,735 of which $4,335,947 will be allocated to the Housing
Authority. The overall increase in this fund of $10,000 is attributed to allocated interest.
The SA 2011 Low/Mod Bond (249) has an overall decrease of $1,376,009 and is attributed to a
one-time transfer from the General Fund in fiscal year 2022/23 for the acquisition of a vacant property
on Highway 111 and Dune Palms Road to be used for an affordable housing development and
connecting thoroughfare to CV Link.
EXPENSES
The Housing Authority Fund (241) has an overall estimated increase of 9% which is attributed to
operational expenses for La Quinta Palms Realty and Dune Palms Mobile Home Estates compared
to current year projections. Increases in salary and benefits and professional services are attributed
to the current economy and inflationary impacts. For fiscal year 2022/23, $400,000 will be carried
over into fiscal year 2023/24 to continue building improvements at Dune Palms Mobile Home
Estates.
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. Pursuant
to California Health and Safety Code's Community Development and Housing law, which states if
the Authority has fulfilled certain obligations, may expend up to $250,000 per fiscal year for
homelessness prevention, proposed budget for 2023/24 homelessness programs is $250,000.
The SA 2011 Low/Mod Bond (249) is anticipated to have a balance of $800,000 at June 30, 2023
and a $250,000 budget for 2023/24 provides for the ability to evaluate future affordable housing
projects and programs. The decrease in expenses as compared to FY 22/23 is due to the one-time
purchase of a vacant property on Highway 111 and Dune Palms Road.
lull
Housing Authority
Proposed Budget
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CITY OF LA QUINTA HOUSING AUTHORITY
FY 2023/24 PROPOSED BUDGET
HOUSING AUTHORITY 2023/24 BUDGET SUMMARY
1 - Housing Authority
1,451,500
1,451,500
3 - RDA Low -Mod Housing
20,000
20,000
9 - SA 2011 Low/Mod Bond
25,000
1,412,009 1,387,009
Total Revenues
1,496,500
2,883,509 1,387,009
RDA Loan Repayment
673,936
673,936 -
1,401,500
(50,000)
-3%
30,000
10,000
50%
36,000
(1,376,009)
-97%
1,467,500
(1,416,009)
-49%
Housing Fund Expenditures 2022/23
Original 2022/23
Current Variance
Original 2023/24 Proposed Variance
vs. Current vs.
Current % Change
Proposed
241 - Housing Authority
1,712,670
1,712,670
1,559,467
(153,203) -9%
243 - RDA Low -Mod Housing
250,000
305,000
(55,000) 250,000
(55,000) -18%
249 - SA 2011 Low/Mod Bond
20,000
3,644,192
(3,394,192) -93%
Total Expenditures
i
i
i
Budget Surplus/(Deficit)
187,766
(2,104,417)
(2,182,183) 95,448
CITY OF LA QUINTA ESTIMATED ENDING FUND BALANCES
FISCAL YEAR ENDING JUNE 30, 2fl23
ESTIMATED
AVAILABLE
ESTIMATED
FUND
ENDING FUND
FUND
BALANCE
ESTIMATED
ESTIMATED
BALANCE
#
FUND NAME
July 1, 2023
REVENUES
EXPENDITURES
Ju , 2024
241
HOUSING AUTHORITY FUND
12.000.000
1,401,500
1.559.4-67
11,842,G33
24Y
RDA LOW -MOD HOUSING FUND
3,000,000
717,415
250.000
31467 415
249
SA 2011 LOW/MOD BOND
800.000
36.000
250.000
586.000
G
154,915
2,059,467
5,448
x 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 2.023124 is $687,415.
1 12
CITY OF LA QUINTA
HOUSING AUTHORITY REVENUE DETAIL
FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23 2022/23
2023/24
23/24 vs.
% Change in
Actuals
Original Budget
Current Budget YTD Activity*
Proposed
Current 22/23
Budget
241 - HOUSING AUTHORITY
9101 - Housing Authority - Admin
340 - Charges for Services
241-9101-42301 Miscellaneous Revenue
226
0
0 0 I
0
0
0%
340 - Charges for Services Totals:
226
0
0 0
0
0
00/0
360 - Use of Money & Property
241-9101-41900 Allocated Interest
99,822
100,000
100,000
(7,689)
150,000
50,000
50%
241-9101-41910 GASB 31 Interest
(385,817)
0
0
268,385
0
0
0%
241-9101-41915 Non -Allocated Interest
430
500
500
0
500
0
0%
241-9101-42706 Loan Repayments
96,215
0
0
102,185
0
0
0%
241-9101-43504 2nd Trust Deed Repayment
130,179
100,000
100,000
50,253
100,000
0
0%
241-9101-45000 Sale of Other Assets
367,078
200,000
200,000
0
0
(200,000)
-100%
360 - Use of Money & Property Totals:
307,908
400,500
400,500
413,134
250,500
(150,000)
-37%
101 - Housing Authority - Admin Totals: 308,134 400,500 400,500 413,134 250,500 (150,000) -37%
9102 - Housing Authority - Wash St Apt:
340 - Charges for Services
241-9102-42305 Miscellaneous Reimburse (1,820) 0 0 0 I 0 0 0%
340 - Charges for Services Totals: (1,820) 0 0 0 0 0 00/0
lousing Authority - Wash St Apts Totals: (1,820) 0 0 0 0 0 0%
9103 - Housing Authority - LQRP
360 - Use of Money & Property
241-9103-43502 Rent Revenue/LQRP 306,372 300,000 300,000 300,706 I 350,000 50,000 17%
360 - Use of Money & Property Totals: 306,372 300,000 300,000 300,706 350,000 50,000 17%
9103 - Housing Authority - LQRP Totals: 306,372 300,000 300,000 300,706 350,000 50,000 17%
9104 - Dune Palms Mobile Estates
360 - Use of Money & Property
241-9104-42112 Rent Revenue/Tenant/Du
241-9104-42302 Miscellaneous Revenue/C
360 - Use of Money & Property Totals:
791,261 750,000 750,000 682,079 800,000
0 1,000 1,000 0 1,000
50,000 7%
0 0%
791,261 751,000 751,000 682,079 801,000 50,000 7%
104 - Dune Palms Mobile Estates Totals: 791,261 751,000 751,000 682,079 801,000 50,000 7%
241 - HOUSING AUTHORITY Totals: 1,403,947 1,451,500 1,451,500 1,395,919 1,401,500 (50,000) -30/o
243 - RDA LOW -MOD HOUSING FUND
0000 - Undesignated
360 - Use of Money & Property
243-0000-41900 Allocated Interest 24,081 20,000 20,000 (2,155) 30,000 10,000 50%
243-0000-41910 GASB 31 Interest (102,401) 0 0 75,210 0 0 0%
360 - Use of Money & Property Totals: (78,320) 20,000 20,000 73,055 30,000 10,000 500/0
13
CITY OF LA QUINTA HOUSING AUTHORITY REVENUE DETAIL FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23 2022/23
2023/24
23/24 vs.
% Change in
Actuals
Original Budget
Current Budget YTD Activity*
Proposed
Current 22/23
Budget
370 - Miscellaneous
243-0000-48500 Extraordinary Gain 121,903
0
0 0 I
0
0
0%
370 - Miscellaneous Totals: 121,903
0
0 0
0
0
00/0
0000 - Undesignated Totals: 43,583 20,000 20,000 73,055 30,000 10,000 500/0
243 - RDA LOW -MOD HOUSING FUND Totals: 43,583 20,000 20,000 73,055 30,000 10,000 500/0
249 - SA 2011 LOW/MOD BOND FUND (Re
0000 - Undesignated
340 - Charges for Services
249-0000-42301 Miscellaneous Revenue 0 0 0 1,106 I 0 0 0%
340 - Charges for Services Totals: 0 0 0 1,106 0 0 00/0
360 - Use of Money & Property
249-0000-41900 Allocated Interest
5,494
5,000
5,000
(544)
6,000
1,000
20%
249-0000-41910 GASB 31 Interest
(26,759)
0
0
25,881
0
0
0%
249-0000-41915 Non -Allocated Interest
29,442
20,000
20,000
31,172
30,000
10,000
50%
360 - Use of Money & Property Totals:
8,177
25,000
25,000
56,509
36,000
11,000
44%
390 - Other Financing Sources
249-0000-49500 Transfers In 0 0 1,387,009 0 I 0 (1,387,009) -100%
390 - Other Financing Sources Totals: 0 0 1,387,009 0 0 (1,387,009) -1000/0
0000 - Undesignated Totals: 8,177 25,000 1,412,009 57,615 36,000 (1,376,009) -97%
BOND FUND (Refinanced in 2016) Totals: 8,177 25,000 1,412,009 57,615 36,000 (1,376,009) -97%
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 2021/2022 reflects the purchase and sale agreement between the City of La Quinta and the
La Quinta Housing Authority for vacant parcels to be used for future low/moderate affordable housing.
243 RDA Low -Mod Housing Fund: The 2023/24 former Redevelopment Agency loan repayment of $687,415 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 west of the Home Depot Center on
Highway 111, on the northeast corner of Highway 111 and Dune Palms Road proposed to be developed as an affordable housing development with a
connecting thoroughfare to CV Link. Remaining bond funds continue to earn interest and are available for future housing projects.
14
CITY OF LA QUINTA HOUSING AUTHORITY
HOUSING AUTHORITY EXPENSE DETAIL
FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
241 - HOUSING AUTHORITY
9101 - Housing Authority - Admin
50 - Salaries and Benefits
241-9101-50101 Permanent Full Time
252,219
278,970
278,970
248,586
305,327
26,357
9%
241-9101-50105 Salaries - Overtime
172
0
0
0
0
0
0%
241-9101-50110 Commissions & Boards
550
1,800
1,800
400
1,800
0
0%
241-9101-50150 Other Compensation
103
200
200
84
200
0
0%
241-9101-50200 PERS-City Portion
20,432
24,200
24,200
19,507
28,000
3,800
16%
241-9101-50215 Other Fringe Benefits
2,000
0
0
4,415
3,640
3,640
0%
241-9101-50221 Medical Insurance
44,830
69,300
69,300
42,846
67,000
(2,300)
-3%
241-9101-50222 Vision Insurance
415
0
0
348
0
0
0%
241-9101-50223 Dental Insurance
2,337
0
0
2,277
0
0
0%
241-9101-50224 Life Insurance
151
0
0
159
0
0
0%
241-9101-50225 Long Term Disability
1,320
1,700
1,700
1,433
1,800
100
6%
241-9101-50230 Workers Comp Insurance
5,900
5,900
5,900
4,425
5,900
0
0%
241-9101-50240 Social Security -Medicare
3,697
4,000
4,000
3,639
4,200
200
5%
241-9101-50241 Social Security -FICA
66
0
0
50
0
0
0%
50 - Salaries and Benefits Totals:
334,191
386,070
386,070
328,168
417,867
31,797
8%
60 - Contract Services
241-9101-60103 Professional Services
241-9101-60106 Auditors
241-9101-60153 Attorney
60 - Contract Services Totals
74,532
5,000
15,792
60,000
5,000
60,000
5,000
20,000
57,777
3,780
75,000 15,000 25%
5,000 0 0%
20,000 0 0%
95,324 85,000 85,000 72,220 100,000 15,000 180/0
62 - Maintenance & Operations
241-9101-60320 Travel & Training 0 1,000 1,000 293 1,000 0 0%
241-9101-60420 Operating Supplies 94 2,000 2,000 61 2,000 0 0%
62 - Maintenance & Operations Totals: 94 3,000 3,000 354 3,000 0 00/0
69 - Internal Service Charges
241-9101-91843 Property & Crime Insurar
241-9101-91844 Earthquake Insurance
241-9101-98110 Information Tech Charge
69 - Internal Service Charges Totals:
8,100 8,100 8,100 6,075
16,100 16,100 16,100 12,075
53,400 64,400 64,400 48,300
8,100 0 0%
16,100 0 0%
64,400 0 0%
77,600 88,600 88,600 66,450 88,600 0 00/0
101 - Housing Authority - Admin Totals: 507,209 562,670 562,670 467,192 609
97 8%
9103 - Housing Authority - LQRP
62 - Maintenance & Operations
241-9103-60157 Rental Expenses 251,793 250,000 250,000 641,364 I 300,000 50,000 20%
62 - Maintenance & Operations Totals: 251,793 250,000 250,000 641,364 300,000 50,000 20%
9103 - Housing Authority - LQRP Totals: 251,793 250,000 250,000 641,364 300,000 50,000 20%
9104 - Dune Palms Mobile Estates
60 - Contract Services
241-9104-60103 Professional Services 101,257 100,000 100,000 98,515 I 100,000 0 0%
4 15
CITY OF LA QUINTA HOUSING AUTHORITY
HOUSING AUTHORITY EXPENSE DETAIL
FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24 23/24 vs. % Change
Actuals
Original Budget
Current Budget
YTD Activity*
Pro osed Budget Current 22 23 in Budqet
241-9104-60157 Rental Expense 360,523
300,000
300,000
354,699
350,000 50,000 17%
60 - Contract Services Totals: 461,780
400,000
400,000
453,214
450,000 50,000 13%
68 - Capital Expenses
241-9104-72110 Building/Site Improveme 0 500,000 500,000 66,728 I 200,000 (300,000) -60%
68 - Capital Expenses Totals: 0 500,000 500,000 66,728 200,000 (300,000) -60%
104 - Dune Palms Mobile Estates Totals: 461,780 900,000 900,000 519,943 650,000 (250,000) -28%
241 - HOUSING AUTHORITY Totals: 1,220,781 1,712,670 1,712,670 1,628,499 1,559,467 (153,203) -90/0
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.
16
CITY OF LA QUINTA HOUSING AUTHORITY HOUSING AUTHORITY EXPENSE NOTES FY 2023/24 PROPOSED BUDGET
Fund: 241 - HOUSING AUTHORITY
241-9101-50101 Permanent Full Time
305,327.00
20% - City Manager (80% City Manager)
10% - Finance Director (90% Finance)
10% - City Clerk (90% City Clerk)
40% - Director- Business Unit & Housing Development (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
241-9101-60103 Professional Services 75,000.00
Housing compliance services
241-9101-60320 Travel & Training 1,000.00
For housing related training and staff development
241-9103-60157 Rental Expenses 300,000.00
Expenses associated with 28 homes owned by the Authority
which are located in the La Quinta Cove
241-9104-60103 Professional Services 100,000.00
For residential property management services at Dune Palms
Mobile Estates
241-9104-60157 Rental Expense 350,000.00
Expenses associated with 102 units owned by the Authority
which are located in North La Quinta
6 17
CITY OF LA QUINTA HOUSING AUTHORITY
HOUSING AUTHORITY EXPENSE DETAIL
FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24 23/24 vs. % Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget Current 22/23 in Budget
243 - RDA LOW -MOD HOUSING FUND
0000 - Undesignated
64 - Other Expenses
243-0000-60532 Homelessness Assistance
50,700
250,000
305,000
255,000 I
250,000 (55,000) -18%
64 - Other Expenses Totals:
50,700
250,000
305,000
255,000
250,000 (55,000) -18%
0000 - Undesignated Totals: 50,700 250,000 305,000 255,000 250,000 (55,000) -18%
3 - RDA LOW -MOD HOUSING FUND Totals: 50,700 250,000 305,000 255,000 250,000 (55,000) -18%
243 RDA Low -Mod Housing Fund: The 2023/24 former Redevelopment Agency loan repayment of $687,415 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.
18
CITY OF LA QUINTA HOUSING AUTHORITY
HOUSING AUTHORITY EXPENSE DETAIL
FY 2023/24 PROPOSED BUDGET
2021/22
2022/23
2022/23
2022/23
2023/24
23/24 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 22/23
in Budget
249 - SA 2011 LOW/MOD BOND FUND (Re
0000 - Undesignated
68 - Capital Expenses
249-0000-74010 Land Acquisition
8,631,040
0
3,624,192
50,000
0
(3,624,192)
-100%
249-0000-80050 Affordable Housing Proje
25,035
20,000
20,000
12,290
250,000
230,000
1,150%
68 - Capital Expenses Totals:
8,656,075
20,000
3,644,192
62,290
250,000
(3,394,192)
-93%
0000 - Undesignated Totals: 8,656,075 20,000 3,644,192 62,290 250,000 (3,394,192) -93%
BOND FUND (Refinanced in 2016) Totals: 8,656,075 20,000 3,644,192 62,290 250,000 (3,394,192) -93%
249 Successor Agency Bond Fund: These funds are restricted per individual bond covenants and were used for the acquisition of the vacant property located
west of the Home Depot Center on Highway 111, on the northeast corner of Highway 111 and Dune Palms Road. This property is proposed to be developed as
an affordable housing development with a connecting thoroughfare to CV Link. Remaining funds are available for future housing projects. For FY 2023/24,
budget will be used for investment in design and development of projects.
19
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20
POWER POINTS
HOUSING
COMMISSION
MEETING
DUNE 14, 2023
Housing Commission Meeting
Regular Quarterly Meeting
June 14, 2023
RIO
Pledge of Allegiance
Housing Commission Meeting
June 14, 2023
B1 - Discuss Fiscal Year 2023/24 Proposed
Budget
Revenue Projections
■ Fund 241 —Adjustments to rent revenue & interest earnings
■ Fund 243 — Includes annual loan repayment $687,415 & interest earnings
■ Fund 249 — Reduction due to land purchase on HWY 111 & Dune Palms Rd
Variance Variance
2022/23 2022/23 2023/24
Housing Fund Revenues Original Current Proposed Original vs. Current vs. % Change
Expense Projections
■ Fund 241 — Professional services, legal fees, upgrades and
repairs, insurances, and salaries & benefits
■ Fund 243 — Homelessness funding
■ Fund 249 - Evaluate future affordable housing projects, no anticipated land
purchases
2022/23 2022/23 Variance 2023124 Variance
Housing Fund Expenditures Original Current Proposed Original vs. Current vs. % Change
_
Expenditures = 1,982,670 5,661,862 3,569,192 2,059,467 (3,602,395)
Housing Fund Balances
CITY OF LAQUINTA ESTIMATED ENDING FUND BALANCES
FISCAL YEAR ENDING JUNE 30, 2024
ESTIMATEDw
AVAILABLE ESTIMATED
FUND
BALANCE ESTIMATED ESTIMATED
July J.,2023 REVENUES
- -
241 HOUSING AUTHORITY FUND '0=2,000,0MW 1,401,5M�1,559,46'MPF 11,842,0:1
243* RDA LOW -MOD HOUSING FUND E- 3,000,000 M 717,415 41r 250,000 3,467,415
249 SA2011 LOW/MOD BOND A1111116iwo,000 V 36,000 V 250,000 586,000
* 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 2023/24 is $687,415.
FY 2023/24
Proposed Budget i
Next Steps j ■��.
• Housing Commission review &
approval on 06/14/2023
• Budget Adoption on 06/20/2023 i
• Monitor and adjust as needed y
3 atilt r
For the latest budget information visit:
www.laquintaca.gov/business/finance/budget� P.,
Housing Commission Meeting
Next Regular Quarterly Meeting
September 13, 2023
fCA
06/14/2023