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CC Resolution 2025-017 Budget & Appropriations FY 2025-26RESOLUTION NO. 2025 – 017 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, ESTABLISHING THE CITY’S APPROPRIATIONS LIMIT FOR FISCAL YEAR 2025/26 AND APPROVING A BUDGET FOR FISCAL YEAR 2025/26 WHEREAS, each year the La Quinta City Council adopts a budget for Revenues and Expenditures for the upcoming Fiscal Year; and WHEREAS, the City Council desires to make provisions for a level of services commensurate with the needs of the City; and WHEREAS, the City Council has reviewed said budget and capital improvement program and has had several public meetings to receive public input; and WHEREAS, the City Council has, after due deliberation and consideration, made such amendments in the proposed budget and capital improvement program as it considers desirable; and WHEREAS, Section 7910 of the Government Code of the State of California provides that each year the governing body of each local jurisdiction shall, by resolution, establish its appropriations limit for the following fiscal year; and WHEREAS, Section 7902(b) of the Government Code sets forth the method for determining the said appropriations limit, to be based upon the limit applicable for the prior fiscal year and adjusted for changes in the cost-of-living and in City population. NOW, THEREFORE, BE IT RESOLVED by the City of La Quinta to adopt, as follows: SECTION 1. The appropriations limit for the City of La Quinta established in accordance with Section 7902(b) of the California Government Code, for Fiscal Year 2025/26 is $188,994,165 (Exhibit A). SECTION 2. It is hereby found and determined that in compliance with Government Code Section 7910, the documentation used in the determination of said appropriations limit for Fiscal Year 2025/26 was available to the public in the Finance Department of the City and in the Office of the City Clerk at least fifteen days prior to this date. SECTION 3. The Fiscal Year 2025/26 budget and capital improvement program which is on file with the City Clerk is hereby approved. Resolution No. 2025 – 017 Budget Approval FY 2025/26 Adopted: June 17, 2025 Page 2 of 3 SECTION 4. Continuing Appropriations which remain unspent and were authorized by Council in Fiscal Year 2024/25 are approved in the Fiscal Year 2025/26 budget in an amount not to exceed $3,054,200 (Exhibit B). SECTION 5. Budget adjustment procedures are approved as follows: A. Additional appropriations and the transfer of cash or unappropriated fund balance from one fund to another shall be made only upon City Council approval. B. Transfers of budgeted appropriations between funds or capital projects shall be made only upon City Council approval. C. Transfers of budgeted appropriations between accounts within a department or capital project may be made with the approval of the City Manager or his designee. D. Prior year budget continuing Appropriations and Encumbrances for unexpended capital project and grant appropriations remaining from uncompleted prior year capital projects and grant programs shall be made with City Manager approval. These carry-over appropriations are for prior year Council approved capital projects and shall not exceed the approved project budget. SECTION 6. The City Council, recognizing the need for maintaining Fund Balance reserves has established a Reserve Policy. These funds cannot be appropriated without the explicit approval of the City Council. Exhibit C General Fund Reserves Overview shows estimated amounts, final amounts will be published in the Fiscal Year 2024/25 Annual Comprehensive Financial Report (ACFR). SECTION 7. The City Manager shall render a monthly report to the City Council on the status of City operations as it relates to the approved budget and any amendments thereto. PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City Council held on this 17th day of June 2025, by the following vote: AYES: Councilmembers Fitzpatrick, McGarrey, Peña, Sanchez, and Mayor Evans NOES: None ABSENT: None ABSTAIN: None Resolution No. 2025 -017 Budget Approval FY 2025/26 Adopted: June 17, 2025 Page 3 of 3 ATTEST: MONIKA RAD VA, . y Clerk City of La Quinta, California APPROVED AS TO FORM: �� LINDA EVANS, Mayor City of La Quinta, California {&!_; tt,;_"li I �---WILLIAM H. IHRKE, City Attorney City of La Quinta, California City of La Quinta Gann Limit Appropriations Calculation FY 2025/26 (1)(2)(3)(4) (5)(6)(7)(8)(9) ($)City's City's U.S. CPI % Change in Local % Change ($)($) Prior Year Previous Year's Current Year's Population Annual Non-Residential In Per Current Year Compliance Year Gann Limit Population Population % Change % Change Construction Capita Income Gann Limit Amounts 92-93 14,240,507 12,932 14,840 14.80% N/A 0.68%-0.64% 16,452,801 4,452,292 93-94 16,452,801 14,840 15,693 5.75% N/A 0.16%2.72% 17,871,744 5,301,754 94-95 16,452,801 15,693 16,634 6.00% N/A 0.14%0.71% 19,077,886 6,561,880 95-96 19,077,886 16,634 17,101 2.81% N/A N/A 4.72% 20,539,255 7,762,496 96-97 20,539,255 17,101 18,045 5.52% N/A N/A 4.67% 22,685,183 8,257,148 97-98 22,685,183 18,045 19,217 6.49% N/A N/A 4.67% 25,286,762 9,667,831 98-99 25,286,762 19,217 20,444 6.38% N/A N/A 4.15% 28,017,719 12,222,332 99-00 28,017,719 20,444 21,763 6.45% N/A N/A 4.53% 31,176,447 9,801,749 00-01 31,176,447 21,763 24,240 10.77% N/A N/A 4.91% 36,229,777 10,785,551 01-02 36,229,777 24,240 26,321 12.66% N/A N/A 7.82% 44,008,314 12,181,391 02-03 44,008,314 26,321 28,715 10.52% N/A N/A -1.27% 48,020,286 14,233,708 03-04 48,020,286 28,715 30,452 5.99% N/A N/A 2.31% 52,072,415 14,547,338 04-05 52,072,415 30,452 32,522 5.90% N/A N/A 3.28% 56,953,433 16,507,192 05-06 56,953,433 32,522 36,145 9.19% N/A N/A 5.26% 65,458,514 22,777,443 06-07 65,458,514 36,145 38,340 5.40% N/A N/A 3.96% 71,725,407 27,384,580 07-08 71,725,407 38,340 41,092 6.44% N/A N/A 4.42% 79,718,951 32,163,100 08-09 79,718,951 41,092 42,743 4.46% N/A N/A 4.29% 86,846,889 33,562,980 09-10 86,846,889 42,743 43,778 2.42% N/A N/A 0.62% 89,500,065 33,519,652 10-11 89,500,065 43,778 37,307 (1)1.35% N/A N/A -2.54% 88,404,325 30,055,388 11-12 88,404,325 37,307 37,836 (1)1.42% N/A N/A 2.51% 91,910,124 29,884,568 12-13 91,910,124 37,688 38,075 (2)1.03% N/A N/A 3.77% 96,357,500 31,954,838 13-14 96,357,500 38,190 38,412 0.55% N/A N/A 5.12% 101,848,105 33,412,900 14-15 101,848,105 38,412 39,032 1.61% N/A N/A -0.23% 103,249,837 35,982,642 15-16 103,249,837 39,032 39,694 1.72% N/A N/A 3.82% 109,037,717 37,391,100 16-17 109,037,717 39,694 39,977 1.69% N/A N/A 5.37% 116,834,735 39,339,800 17-18 116,834,735 39,977 40,677 (2)1.25% N/A N/A 3.69% 122,660,261 48,021,600 18-19 122,660,261 40,605 41,753 1.48% N/A N/A 3.67% 129,043,889 51,452,200 19-20 129,043,889 41,753 42,098 (2)0.83% N/A N/A 3.85% 135,124,379 56,851,900 20-21 135,124,379 40,389 40,660 (2)0.67% N/A N/A 3.73% 141,103,621 49,433,000 21-22 141,103,621 40,906 41,247 (2)0.83% N/A N/A 5.73% 150,427,126 57,775,110 22-23 150,427,126 37,949 37,860 (2)-0.23% N/A N/A 7.55% 161,412,270 67,321,000 23-24 161,412,270 37,562 37,979 (2)1.11% N/A N/A 4.44% 170,450,479 75,918,000 24-25 170,450,479 37,824 38,370 (2)1.44% N/A N/A 3.62% 179,170,357 78,469,200 25-26 179,170,357 39,148 38,796 (2)-0.90% N/A N/A 6.44% 188,994,165 85,746,154 (1) The population for FY 2010/2011 and FY 2011/2012 are adjusted to the Federal 2010 Census counts. (2) The previous population is furnished by the Department of Finance. The Shaded boxes indicate the calculation factor that was used to calculate that year's Gann Limit. The Gann Limit is adjusted annually by multiplying the "Prior Year Gann Limit" (column 1) by the "% Change in Population" (column 4) and then by the greater of the "% Change in New Local Non-residential Construction or % Change in California Per Capita Income" (column 6 or 7). This Gann adjustment figure is then added to the prior year's limit amount to obtain the current year Gann limit amount in column 8. The U.S. CPI factor (column 5) was used in place of the non-residential construction (column 6) amount and the lower of the two factors, the U.S. CPI or Per Capita Income, for the calculation prior 'to FY 1990-91. The City has elected in column (2) and (3) to use the City population method versus the change in County population. CITY OF LA QUINTA (Page 1 of 2) RESOLUTION NO. 2025-017 EXHIBIT A Adopted: June 17, 2025 FY 2025/26 ADOPTED BUDGET (Page 2 of 2) In 1979, Proposition 4, the "Gann" initiative, was passed. The Proposition created Article XIIIB of the State Constitution placing limits on the amount of revenue which can be spent by all entities of Government. The Gann limit is adjusted annually by the following two factors: Annual population change and the greater of the change in: 1) State Per Capita Income, or 2) The Local Assessment roll for local non-residential construction. When a City reaches this limit, excess tax revenue must be returned to the State or Citizens through a process of refunds, rebates, or other means that may be defined at that time. The Gann limit for the City of La Quinta has increased steadily since 1984 and still provides the City with a comfortable operating margin. The revenue collection and spending limit for City of La Quinta FY 2025/26 is $188.9 million. "Proceeds of taxes" are projected to be $85.7 million in FY 2025/26 allowing the City a margin of $103.2 million. On the graph below, the highest bars represent the spending limit and the lower bars represent the appropriation of proceeds of taxes for fifteen years. 42098 0 18-19 0 40605 41204 1.48% N/A N/A 3.67% GANN APPROPRIATIONS LIMIT ANALYSIS 0 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000 140,000,000 160,000,000 180,000,000 200,000,000 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 23-24 24-25 25-26 CITY OF LA QUINTA SPENDING LIMIT VERSUS APPROPRIATION OF PROCEEDS OF TAXES Spending Limit Appropriation of Proceeds of Taxes CITY OF LA QUINTA Description/Program Account Number Account Name Estimated Fiscal analysis for citywide projects 101-1002-60510 Contingency for Operations 200,000$ Marketing efforts to attract group business to hotels 101-1007-60536 TOT Resort Rebate Program 450,000$ Fire ladder truck purchase 101-2002-80101 Machinery & Equipment 400,000$ $ 1,050,000 Tree maintenance 215-7004-60673 Tree Maintenance/Palm Trees $ 500,000 Dune Palms Mobile Estates improvements 241-9104-72110 Building/Site Improvements $ 430,000 Homelessness Assistance Programs 243-0000-60532 Homelessness Assistance $ 49,200 Vehicle upgrades 501-0000-60675 Parts, Accessories and Upfits $ 75,000 Painting/repairs 501-0000-71103 City Bldg. Replacement/Repair $ 150,000 Audio visual upgrades for meeting rooms 502-0000-80100 Machinery & Equipment $ 200,000 Aging inventory upgrades 502-0000-80103 Computers $ 100,000 Park supplies and upgrades 503-0000-71060 Parks $ 500,000 $ 2,004,200 $ 3,054,200 ESTIMATED General Fund (101)1,050,000$ Lighting & Landscape Fund (215)500,000$ Housing Authority Fund (241)430,000$ RDA Low-Mod Fund (243)49,200$ Facility & Fleet Replacement Fund (501)225,000$ Information Technology Fund (502)300,000$ Park Equipment & Facility Fund (503)500,000$ 3,054,200$ TOTAL CARRYOVERS BY FUND Continuing Appropriations/Carryovers from 2024/25 to 2025/26 GENERAL FUND CARRYOVERS SPECIAL FUNDS CARRYOVERS TOTAL CARRYOVERS FOR ALL FUNDS NOTE: In June 2025 when the budget is adopted, all carryovers are estimates based on projected invoices to end fiscal year 2024/25. Upon completion of the final audit, Finance verifies account balances and makes additional carryover recommendations based on current budgetary needs. CARRYOVER TOTALS BY FUND CITY OF LA QUINTA RESOLUTION NO. 2025-017 EXHIBIT B Adopted: June 17, 2025 FY 2025/26 ADOPTED BUDGET ESTIMATED COMMITTED & UNASSIGNED FUND BALANCE ESTIMATED AT 6-30-2025 LOAN PAYMENT TO GENERAL FUND FROM SUCCESSOR AGENCY OPERATING SURPLUS /(SHORTFALL) ESTIMATED AT 6-30-2026 NATURAL DISASTER 15,000,000$ 15,000,000$ ECONOMIC DISASTER 13,000,000$ 13,000,000$ CASH FLOW 5,000,000$ 5,000,000$ CAPITAL REPLACEMENT 12,000,000$ 12,000,000$ UNAPPROPRIATED 55,000,000$ 2,860,747$ $ 20,066 57,880,813$ TOTAL ESTIMATED RESERVES 100,000,000$ 2,860,747$ $ 20,066 102,880,813$ SUMMARY RESERVES 6/30/25 100,000,000$ NET CHANGE 2,880,813$ RESERVES 6/30/25 102,880,813$ CALCULATION FOR FORMER REDEVELOPMENT AGENCY LOAN REPAYMENT FY 2025/26 Approved Repayment Fund Total Repayment Distribution % Distribution $ General Fund 3,575,934$ x 80% =2,860,747 Housing Fund 3,575,934$ x 20% =715,187 3,575,934$ ESTIMATED ASSIGNED FUND BALANCE ESTIMATED AT 6-30-2025 ADDITIONS DELETIONS ESTIMATED AT 6-30-2026 SALES TAX (MEASURE G)29,400,000$ -$ (600,000)$ 28,800,000$ PUBLIC SAFETY FIRE SERVICE TRUST 17,000,000$ -$ -$ 17,000,000$ CARRYOVERS AND CAPITAL PROJECTS (GENERAL FUND ONLY)36,250,000$ -$ -$ 36,250,000$ PENSION TRUST FUND 5,900,000$ 200,000$ -$ 6,100,000$ OTHER POST EMPLOYMENT BENEFITS TRUST FUND 2,100,000$ 40,000$ -$ 2,140,000$ TOTAL ASSIGNED RESERVES 90,650,000$ 240,000$ (600,000)$ 90,290,000$ CITY OF LA QUINTA GENERAL FUND RESERVES OVERVIEW Based on Proposed Budget for 2025/26 ESTIMATED FOR 6-30-2026 Net change, $2,880,813 CITY OF LA QUINTA RESOLUTION NO. 2025-017 EXHIBIT C Adopted: June 17, 2025 FY 2025/26 ADOPTED BUDGET