HomeMy WebLinkAbout2026 06 10 FAC Special Meetingta Qa�fra
GEM of the DESERT —
NOTICE AND CALL OF SPECIAL MEETING
OF THE LA QUINTA FINANCIAL ADVISORY COMMISSION
TO THE MEMBERS OF THE LA QUINTA FINANCIAL ADVISORY COMMISSION AND
TO THE COMMISSION SECRETARY:
NOTICE IS HEREBY GIVEN that a Special Meeting of the La Quinta Financial
Advisory Commission is hereby called to be held on Wednesday, June 10, 2026,
commencing at 2:30 p.m. at La Quinta City Hall located at 78495 Calle Tampico, La
Quinta, CA 92253 for the following purpose:
ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS
1. RECOGNITION OF SERVICE FOR OUTGOING CHAIRPERSON WAY
CONSENT CALENDAR
1. RECEIVE AND FILE SPECIAL MEETING MINUTES DATED MAY 13, 2026
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
MARCH 31, 2026
BUSINESS SESSION
1. APPROVE FINANCIAL ADVISORY COMMISSION MEETING SCHEDULE
FOR FISCAL YEAR 2026/27
2. REVIEW ESTABLISHMENT OF AN INVESTMENT ACCOUNT WITH THE
CALIFORNIA COOPERATIVE LIQUID ASSETS SECURITIES SYSTEM AND
RECOMMEND LA QUINTA FINANCING AUTHORITY APPROVAL
3. RECOMMEND COUNCIL APPROVAL OF FISCAL YEAR 2026/27 PROPOSED
BUDGET AND APPROVE ALLOCATION OF MEASURE G SALES TAX
REVENUE
DEPARTMENTAL REPORTS
1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
FINANCIAL ADVISORY COMMISSION 1 June 10, 2026
SPECIAL MEETING
Dated: June 5, 2026
Attest:
AMANDA GUERRERO, Commission Secretary
lsl ECle n ay
ELLEN WAY, Chairperson
DECLARATION OF POSTING
I, Amanda Guerrero, Commission Secretary, do hereby declare that the foregoing
Agenda for the Commission meeting was published in accordance with the Brown Act
[Gov. Code § 54954.2] on the City's website, accessible directly from the City's home
page through the "Calendar/ Public Meetings" icon link, and posted at the City Hall bulletin
board, located near the entrance to the Council Chamber at 78495 Calle Tampico, La
Quinta, CA 92253, on June 5, 2026, which is freely accessible to members of the public.
AMANDA GUERRERO, Commission Secretary
FINANCIAL ADVISORY COMMISSION 2 June 10, 2026
SPECIAL MEETING
t(V Qa 0
GE•M oftha DESERT' —
Financial Advisory Commission agendas and staff
reports are now available on the City's website at
www. LaQuintaCA. pov/PublicMeetings
FINANCIAL ADVISORY COMMISSION
AGENDA
CITY HALL COUNCIL CHAMBER
78495 Calle Tampico, La Quinta
SPECIAL MEETING
WEDNESDAY, JUNE 10, 2026, AT 2:30 P.M.
Members of the public may listen to this meeting by tuning -in live via
www. lag uintaca.gov/livemeetings; past meetings are available through the video archive via
www.laguintaca.gov/pastmeetings Closed captions in English and Spanish are available
to all users through this video streaming service.
CALL TO ORDER
Roll Call: Commissioners Anderson, Dorsey, Kiehl, Lee, Mast, Niblo, and Chair Way
PLEDGE OF ALLEGIANCE
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 at the end of the
agenda. 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 [Gov. Code § 54954.2(b)].
CONFIRMATION OF AGENDA
ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS
1. RECOGNITION OF SERVICE FOR OUTGOING CHAIRPERSON WAY
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
PAGE
1. RECEIVE AND FILE SPECIAL MEETING MINUTES DATED MAY 13, 2026
FINANCIAL ADVISORY COMMISSION Page 1 of 5 JUNE 10, 2026
SPECIAL MEETING —AGENDA
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
MARCH 31, 2026
BUSINESS SESSION
PACZF
1. APPROVE FINANCIAL ADVISORY COMMISSION MEETING SCHEDULE
FOR FISCAL YEAR 2026/27
2. REVIEW ESTABLISHMENT OF AN INVESTMENT ACCOUNT WITH THE
CALIFORNIA COOPERATIVE LIQUID ASSETS SECURITIES SYSTEM AND
RECOMMEND LA QUINTA FINANCING AUTHORITY APPROVAL
3. RECOMMEND COUNCIL APPROVAL OF FISCAL YEAR 2026/27
PROPOSED BUDGET AND APPROVE ALLOCATION OF MEASURE G
SALES TAX REVENUE
STUDY SESSION — None
DEPARTMENTAL REPORTS
PAGE
1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
COMMISSIONERS' ITEMS
ADJOURNMENT
The next meeting of the Commission will be held on August 12, 2026, commencing at 3:30
p.m., at the La Quinta City Hall Council Chamber, 78495 Calle Tampico, La Quinta, CA
92253.
DECLARATION OF POSTING
I, Amanda Guerrero, Secretary of the Financial Advisory Commission of the City of La
Quinta, do hereby declare that the foregoing Agenda for the Commission meeting was
published in accordance with the Brown Act [Gov. Code § 54954.2] on the City's website,
accessible directly from the City's home page through the "Calendar/ Public Meetings" icon
link, and posted at the City Hall bulletin board, located near the entrance to the Council
Chamber at 78495 Calle Tampico, La Quinta, CA 92253, on June 5, 2026, which is freely
accessible to members of the public.
DATED: June 5, 2026
Amanda Guerrero, Commission Secretary
City of La Quinta, California
FINANCIAL ADVISORY COMMISSION Page 2 of 5 JUNE 10, 2026
SPECIAL MEETING —AGENDA
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, CA 92253; and 2) on the
City's website at www.laguintaca.gov/publicmeetings in accordance with the Brown Act
[Gov. Code §§ 54954.2, 54956, and 54957.5].
The La Quinta City Council Chamber is wheelchair accessible. If hearing assistance
equipment is needed, please contact the City Clerk's office at (760) 777-7147, 24-hours
in advance of the meeting and accommodation 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.
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 Finance -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.
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). Only one person at a time may speak
and only after being recognized 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.
FINANCIAL ADVISORY COMMISSION Page 3 of 5 JUNE 10, 2026
SPECIAL MEETING —AGENDA
Members of the public who utilize a translator shall be provided at least twice of the allotted
time to ensure non-English speakers receive the same opportunity to directly address the
Commission.
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 website 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 [Gov. Code § 7920.000
et seq.].
TELECONFERENCE ACCESSIBILITY — INSTRUCTIONS
Teleconference accessibility may be triggered in accordance with the Brown Act "during a
proclaimed state of emergency or local emergency," as defined [Gov. Code § 54953.8.2]; or
if a member of the Commission requests to attend and participate in this meeting remotely
pursuant to any of the following: (1) "disability" [Gov. Code § 54953(c)], or (2) "just cause"
[Gov. Code § 54953.8.3], as defined. In such instances, remote public accessibility and
participation will be facilitated via the Zoom Webinar audio-visual platform as detailed at the
end of this agenda.
*** TELECONFERENCE AND TELEPHONIC PROCEDURES***
APPLICABLE ONLY WHEN TELECONFERENCE ACCESSIBILITY IS IN EFFECT
ZOOM LINK: https://us06web.zoom.us/s/88164609917
Meeting ID: 881 6560 9917
Or join by phone: (253) 215 — 8782
VERBAL PUBLIC COMMENTS — members of the public may attend and participate in
this meeting by teleconference or telephonic accessibility via the Zoom Webinar audio-
visual platform and must activate the "Raise Hand" feature on their electronic device (*9 for
telephonic participation) when public comments are prompted by the Chair, and will be
queued in consecutive order; the City will facilitate the ability for a member of the public to be
audible to the Commission and general public and allow them to speak on the item(s)
FINANCIAL ADVISORY COMMISSION Page 4 of 5 JUNE 10, 2026
SPECIAL MEETING —AGENDA
requested. Members of the public must unmute themselves via the "Audio" feature on
their electronic device (*6 for telephonic participation) when prompted upon being
recognized by the Chair, in order to become audible to the Commission and the public.
!' Audio W
WRITTEN PUBLIC COMMENTS can be provided either in person during the meeting or
emailed to Finance(c�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 Commission
Secretary can accommodate such request.
CLOSED CAPTION AND TRANSLATION
Closed Caption and Translation are accessible through the Zoom Webinar audio-visual
platform and accessible in real-time to all teleconference attendees. Members of the public
must activate the "Show Captions" feature on their device for closed caption; and may use
the "Options Arrow" to select from the list of available languages for translation.
FINANCIAL ADVISORY COMMISSION Page 5 of 5 JUNE 10, 2026
SPECIAL MEETING —AGENDA
CONSENT CALENDAR ITEM NO. 1
FINANCIAL ADVISORY COMMISSION
SPECIAL MEETING
MINUTES
WEDNESDAY, MAY 13, 2026
CALL TO ORDER
A special meeting of the La Quinta Financial Advisory Commission (Commission) was
called to order at 4.00 p.m. by Chair Way.
PRESENT: Commissioners Anderson, Dorsey, Kiehl, Lee, Mast, and Chair Way
ABSENT: Commissioner Niblo
PLEDGE OF ALLEGIANCE
Commissioner Mast led the audience in the Pledge of Allegiance.
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA — None
CONFIRMATION OF AGENDA — Confirmed
ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS — None
CONSENT CALENDAR ITEMS
1. RECEIVE AND FILE SPECIAL MEETING MINUTES DATED APRIL 8, 2026
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
FEBRUARY 28, 2026
MOTION — A motion was made and seconded by Commissioners Dorsey/Anderson to
approve the Consent Calendar as presented. Motion passed: ayes — 6, noes — 0,
abstain — 0, absent — 1 (Niblo).
BUSINESS SESSION
1. RECOMMEND COUNCIL APPROVAL OF FISCAL YEAR 2026/27
INVESTMENT POLICY
Principal Management Analyst Hallick presented the staff report, which is on file in the
Finance Department.
The Commission clarified that no formal subcommittee review was conducted for the
proposed Investment Policy revisions prior to presentation to the Commission, as the
revisions were limited to minor edits and formatting updates and did not include
substantive policy modifications.
FINANCIAL ADVISORY COMMISSION Page 1 of 3 MAY 13, 2026
SPECIAL MEETING — MINUTES
MOTION — A motion was made and seconded by Commissioners Kiehl/Lee to
recommend Council approval of the fiscal year 2026/27 Investment Policy, as presented.
Motion passed: ayes — 6, noes — 0, abstain — 0, absent — 1 (Niblo).
2. RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2025/26 TREASURY
REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2O26
Principal Management Analyst Hallick presented the staff report, which is on file in the
Finance Department.
The Commission discussed banking security protocols and safeguards related to wire
transfers and fraud prevention as well as the City's investment holdings from the 2020-
2022 period; current market conditions and interest rate trends, future investment
considerations and Federal Reserve monetary policy discussions; the Public Agency
Retirement Services (PARS) trust fund and California Public Employees' Retirement
System (CaIPERS) funding levels, including considerations related to long-term pension
obligations, investment performance, and reserve strategies.
MOTION —A motion was made and seconded by Commissioners Kiehl/Dorsey to receive
and file the third quarter fiscal year 2025/26 Treasury Reports for January, February, and
March 2026, as presented. Motion passed: ayes — 6, noes — 0, abstain — 0, absent — 1
(Niblo).
STUDY SESSION
1. DISCUSS FISCAL YEAR 2026/27 PRELIMINARY PROPOSED BUDGET
Finance Director Martinez presented the staff report, which is on file in the Finance
Department.
The Commission discussed projected General Fund revenues and expenditures for fiscal
year 2026/27; conservative revenue forecasting related to sales tax, transient occupancy
tax (TOT), and property tax revenues; the City's continued investment in its infrastructure,
public safety, and community facilities; planned use of Measure G reserves for capital
improvement projects; and increases in investment earnings are due to favorable interest
rate environments.
Finance Director Martinez introduced Public Safety Deputy Director Mendez who
provided information regarding contract services with Riverside County Sheriff's Office
(RSO), including Community Service Officers and the City's Citizens on Patrol program.
The Commission also discussed staffing allocations and departmental expenditures,
including public safety contract services with RSO and Cal Fire; adjustments to contracted
patrol hours; crime statistics and response times; ongoing contract escalation costs;
election -related expenditures; tourism promotion funding through Visit Greater Palm
Springs; long-term considerations related to pension obligations and public safety service
FINANCIAL ADVISORY COMMISSION Page 2 of 3 MAY 13, 2026
SPECIAL MEETING — MINUTES
models; and the sphere of influence master planning process, related public outreach
efforts, and potential future annexation considerations.
The Commission expressed appreciation for staff's detailed presentation and continued
conservative fiscal management practices.
CHAIR WAY LEFT THE MEETING AT 5:12 P.M. AND TURNED OVER
PRESIDING OFFICER DUTIES TO VICE -CHAIR ANDERSON FOR THE
REMAINDER OF THE MEETING
DEPARTMENTAL REPORTS
1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
Staff reported completion of the City's interim audit conducted May 4 — 8, 2026, including
internal control testing, review of financial transactions and compliance processes;
updates were provided on fiscal year 2026/27 budget development, including the General
Fund Operating Budget Subcommittee meeting. Additional updates included ongoing City
projects and upcoming events, noting the Shred and E-Waste Collection event on
May 23, 2026, and the Fritz Burns Park ribbon cutting ceremony on June 3, 2026.
2. FOURTH QUARTER 2025 (OCTOBER — SEPTEMBER) SALES TAX UPDATE
Staff provided an update on the fourth quarter sales tax report, noting continued activity
in major industry sectors, including restaurants, hotels and consumer goods, as well as
fluctuations in sales tax -generating businesses. Staff noted the use of sales tax auditing
and forecasting to support revenue monitoring and projections.
COMMISSIONERS' ITEMS
The Commission discussed the 2026 Commission recruitment and vacancy timelines,
noting the application deadline of June 8, 2026, and interviews are scheduled for June
18, 2026.
ADJOURNMENT
There being no further business, it was moved and seconded by Commissioners
Dorsey/Mast to adjourn this meeting at 5:48 p.m. Motion passed: ayes — 5, noes — 0,
abstain — 0, absent — 2 (Niblo and Way).
Respectfully submitted,
Amanda Guerrero, Commission Secretary
City of La Quinta, California
FINANCIAL ADVISORY COMMISSION Page 3 of 3 MAY 13, 2026
SPECIAL MEETING — MINUTES
10
CONSENT CALENDAR ITEM NO. 2
City of La Quinta
FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: June 10, 2026
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
MARCH 31, 2026
RECOMMENDATION
Receive and file revenue and expenditure report dated March 31, 2026.
EXECUTIVE SUMMARY
• The report summarizes the City's year-to-date (YTD) and month -to -date (MTD) revenues
and expenditures for March 2026 (Attachment 1).
• These reports are also reviewed by the City Council.
FISCAL IMPACT — None.
BACKGROUND/ANALYSIS
Below is a summary of the column headers used on the Revenue and Expenditure Summary
Reports:
Original Total Budget — represents revenue and expenditure budgets the Council
adopted in June 2025 for fiscal year 2025/26.
Current Total Budget— represents original adopted budgets plus any Council approved
budget amendments from throughout the year, including any carryovers from fiscal
year 2024/25.
Period Activity — represents actual revenues received and expenditures outlaid in the
reporting month.
Fiscal Activity— represents actual revenues received and expenditures outlaid YTD.
Variance Favorable/(Unfavorable) — represents the dollar difference between YTD
collections/expenditures and the current budgeted amount.
Percent Used — represents the percentage activity as compared to budget YTD.
General Fund (GF)
March 2026 Revenues
MTD YTD
$ 10,796,471 $ 57,217,237
YTD
Percent of
Budget
59.18%
Comparison to 2025
YTD
Percent of
YTD Budget
$ 51,763,122 59.02%
All Funds
$
21,009,019
$
112,422,030
43.29%
$
83,000,116
38.18%
March 2026 Expenditures
Comparison to 2025
YTD
YTD
Percent of
Percent of
MTD
YTD
Budget
YTD
Budget
$
41,141,639
38.77%
General Fund $ 9,150,058 $ 62,530,951 45.72%
Payroll (GF)
$
1,072,851
$
9,250,389
60.73%
$
8,562,291
60.60%
All Funds
$
20,412,594
$
118,595,266
42.10%
$
91,433,627
37.99%
Top Five Revenue/Income Sources for March
General Fund
Non -General Fund
Transient Occupancy (Hotel) Tax
$
1,828,651
Allocated Interest
$
1,300,965
Measure G Sales Tax
$
1,495,809
County Government Revenue -Library/Museum
$
1,259,029
Sales Tax
$
1,269,613
SilverRock Green Fees
$
541,894
Franchise Taxes - Burrtec
$
446,539
County Sales Tax (Measure A)
$
199,079
Document Transfer Tax
$
104,453
Gas Tax
$
167,752
General Fund
Non -General Fund
Sheriff Contract (Dec -Jan)
$
1,263,090
Capital Improvement Program - Construction(l)
$ 3,047,844
Marketing & Tourism Promotions
$
113,436
Debt Service Payments- Successor Agency Bonds(2)
$ 1,534,685
Parks Landscape Maintenance Contract
$
95,819
SilverRock Maintenance
$ 181,730
Community Experiences
$
92,236
Lighting & Landscape Maintenance Contract
$ 133,083
Parks Maintenance/Services
$
45,698
Capital Improvement Program - Design (3)
$ 99,148
(1)CIP Construction: Fritz Burns Park and pavement management plan (PMP) slung seal/pavement rehab.
(2)Interest and principal payments for redevelopment bonds, funded by dedicated Redevelopment Property Tax Trust Fund (RPTTF) revenue.
(3)CIP Design: Design services associated with multiple ongoing projects including Washington St./CV Link connector, Village
parking study, Avenue 52/Jefferson roundabout, Avenue 50/Washington St. sidewalks, and Avenue 50 bridge.
Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For
example, large property tax payments are usually received in December and May. Similarly,
Redevelopment Property Tax Trust Fund payments are typically received in January and
June. Any timing imbalance of revenue receipts versus expenditures is funded from the City's
cash flow reserve. Unlike revenues, expenditures are more likely to be consistent from month
to month. However, large debt service payments or CIP expenditures can cause swings.
Prepared by: Rosemary Hallick, Principal Management Analyst
Approved by: Claudia Martinez, Finance Director/City Treasurer
Attachment: 1. Revenue and Expenditure Report for March 31, 2026
IF
ATTACHMENT 1
taQaiak City Council Month Revenue Report
CALIFORNIA Group Summary
For Fiscal: 2025/26 Period Ending: 03/31/2026
Variance
Original Current Period Fiscal Favorable Percent
Fun... Total Budget Total Budget Activity Activity (Unfavorable) Used
101-GENERAL
FUND
92,242,254.00
96,677,254.00
10,796,471.43
57,217,237.06
-39,460,016.94
59.18%
105 -
DISASTER RECOVERY FUND
172,000.00
5,165,504.00
0.00
88,207.53
-5,077,296.47
1.71%
201-GAS
TAX FUND
3,217,705.00
3,217,705.00
1,167,751.82
2,378,306.93
-839,398.07
73.91%
202 -
LIBRARY & MUSEUM FUND
4,420,000.00
4,420,000.00
1,259,362.50
2,150,166.68
-2,269,833.32
48.65%
203 -
PUBLIC SAFETY FUND (MEASURE G)
6,000.00
6,000.00
0.00
3,043.40
-2,956.60
50.72%
210-
FEDERAL ASSISTANCE FUND
160,100.00
314,033.00
0.00
138,248.03
-175,784.97
44.02%
212 -
SLESA (COPS) FUND
121,000.00
121,000.00
0.00
163,807.66
42,807.66
135.38%
215 -
LIGHTING & LANDSCAPING FUND
3,862,100.00
3,862,100.00
2,800,000.00
3,358,812.41
-503,287.59
86.97%
221-
AB 939 - CALRECYCLE FUND
91,000.00
91,000.00
13,899.67
51,607.86
-39,392.14
56.71%
223 -
MEASURE A FUND
1,900,000.00
1,900,000.00
199,078.51
1,226,540.88
-673,459.12
64.55%
226 -
EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)
10,000.00
10,000.00
0.00
7,217.00
-2,783.00
72.17%
227 -
STATE HOMELAND SECURITY PROGRAMS (SHSP)
5,400.00
5,400.00
0.00
0.00
-5,400.00
0.00%
230 -
CASp FUND, AB 1379
24,000.00
24,000.00
1,692.00
16,163.55
-7,836.45
67.35%
231-
SUCCESSOR AGCY PA 1 RORF
20,333,000.00
20,333,000.00
736.72
5,156,168.42
-15,176,831.58
25.36%
235 -
SO COAST AIR QUALITY FUND
57,000.00
57,000.00
0.00
31,739.41
-25,260.59
55.68%
237 -
SUCCESSOR AGCY PA 1 ADMIN
12,320.00
12,320.00
0.00
3,145.00
-9,175.00
25.53%
241-
HOUSING AUTHORITY
1,666,000.00
1,666,000.00
27,555.00
1,023,335.87
-642,664.13
61.42%
243 -
RDA LOW -MOD HOUSING FUND
130,000.00
130,000.00
0.00
70,744.32
-59,255.68
54.42%
247 -
ECONOMIC DEVELOPMENT FUND
109,000.00
109,000.00
8,179.97
95,391.10
-13,608.90
87.51%
249 -
SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)
86,000.00
86,000.00
22,542.07
71,206.76
-14,793.24
82.80%
250-TRANSPORTATION
DIF FUND
579,000.00
579,000.00
135,528.30
582,410.50
3,410.50
100.59%
251-
PARKS & REC DIF FUND
203,000.00
203,000.00
53,196.00
254,686.15
51,686.15
125.46%
252 -
CIVIC CENTER DIF FUND
160,000.00
160,000.00
32,047.32
167,640.79
7,640.79
104.78%
253 -
LIBRARY DEVELOPMENT DIF
30,500.00
30,500.00
10,026.00
42,918.00
12,418.00
140.71%
254 -
COMMUNITY & CULTURAL CENTERS DIF
95,000.00
95,000.00
24,148.00
117,707.54
22,707.54
123.90%
257 -
FIRE PROTECTION DIF
51,000.00
51,000.00
9,586.04
51,512.45
512.45
101.00%
259 -
MAINTENANCE FACILITIES DIF FUND
47,000.00
47,000.00
9,864.06
37,634.48
-9,365.52
80.07%
270 -
ART IN PUBLIC PLACES FUND
181,000.00
181,000.00
55,256.56
136,433.34
-44,566.66
75.38%
299-
INTEREST ALLOCATION FUND
0.00
0.00
1,300,964.90
2,617,100.98
2,617,100.98
0.00%
310 -
LQ FINANCE AUTHORITY DEBT SERVICE
1,000.00
10,001,000.00
0.00
10,000,000.00
-1,000.00
99.99%
401-
CAPITAL IMPROVEMENT PROGRAMS
24,293,033.00
96,060,407.98
0.00
13,843,871.49
-82,216,536.49
14.41%
501-
FACILITY & FLEET REPLACEMENT
1,745,500.00
1,745,500.00
397,375.00
1,308,926.20
-436,573.80
74.99%
502 -
INFORMATION TECHNOLOGY
4,195,000.00
4,195,000.00
1,059,082.97
3,347,556.98
-847,443.02
79.80%
503 -
PARK EQUIP & FACILITY FUND
1,035,000.00
1,035,000.00
246,250.00
799,358.78
-235,641.22
77.23%
504 -
INSURANCE FUND
1,395,941.00
1,395,941.00
344,735.25
1,042,542.26
-353,398.74
74.68%
601-SILVERROCKRESORT
5,470,000.00
5,470,000.00
1,221,184.52
4,373,389.87
-1,096,610.13
79.95%
760-
SUPPLEMENTAL PENSION PLAN
7,000.00
7,000.00
5,000.00
5,851.04
-1,148.96
83.59%
761-
CERBT OPEB TRUST
40,000.00
40,000.00
8,983.04
150,600.24
110,600.24
376.50%
762 -
PARS PENSION TRUST
200,000.00
200,000.00
-201,478.21
290,799.29
90,799.29
145.40%
Report Total:
168,353,853.00
259,703,664.98
21,009,019.44
112,422,030.25
-147,281,634.73
43.29%
Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited
numbers.
Page 1 of 3
13
City Council Month Expense Report
Group Summary
For Fiscal: 2025/26 Period Ending: 03/31/2026
Variance
Original
Current
Period
Fiscal
Favorable
Percent
Fun...
Total Budget
Total Budget
Activity
Activity
(Unfavorable)
Used
101-GENERAL
FUND
92,822,188.00
136,774,095.58
9,150,058.44
62,530,951.10
74,243,144.48
45.72%
105 -
DISASTER RECOVERY FUND
4,993,504.00
4,993,504.00
4,993,504.00
4,993,504.00
0.00
100.00%
201-
GAS TAX FUND
3,224,885.00
5,369,867.76
292,886.78
2,321,570.96
3,048,296.80
43.23%
202 -
LIBRARY & MUSEUM FUND
3,149,391.00
5,187,850.74
49,847.03
1,044,846.62
4,143,004.12
20.14%
210 -
FEDERAL ASSISTANCE FUND
160,000.00
313,933.00
0.00
138,248.03
175,684.97
44.04%
212 -
SLESA (COPS) FUND
100,000.00
100,000.00
0.00
0.00
100,000.00
0.00%
215 -
LIGHTING & LANDSCAPING FUND
3,854,500.00
4,354,500.00
275,925.09
2,427,799.07
1,926,700.93
55.75%
221-AB939-CALRECYCLEFUND
205,000.00
205,000.00
7,193.41
62,834.31
142,165.69
30.65%
223 -
MEASURE A FUND
1,124,132.00
4,834,347.80
0.00
715,566.67
4,118,781.13
14.80%
226 -
EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)
10,000.00
10,000.00
0.00
10,335.00
-335.00
103.35%
227-
STATE HOMELAND SECURITY PROGRAMS (SHSP)
5,000.00
5,000.00
0.00
4,496.98
503.02
89.94%
230 -
CASp FUND, AB 1379
5,500.00
5,500.00
0.00
892.80
4,607.20
16.23%
231-
SUCCESSOR AGCY PA 1 RORF
4,271,147.00
4,271,147.00
1,534,685.24
16,650,330.06
-12,379,183.06
389.83%
235 -
SO COAST AIR QUALITY FUND
40,000.00
40,000.00
9,907.34
9,907.34
30,092.66
24.77%
237 -
SUCCESSOR AGCY PA 1 ADMIN
11,000.00
11,000.00
0.00
3,725.00
7,275.00
33.86%
241-
HOUSING AUTHORITY
1,709,533.00
2,127,233.00
109,574.03
1,178,669.56
948,563.44
55.41%
243 -
RDA LOW -MOD HOUSING FUND
325,000.00
374,200.00
0.00
375,000.00
-800.00
100.21%
247 -
ECONOMIC DEVELOPMENT FUND
31,500.00
31,500.00
0.00
3,583.85
27,916.15
11.38%
249 -
SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)
150,000.00
150,000.00
0.00
0.00
150,000.00
0.00%
250-TRANSPORTATION
DIF FUND
979,109.00
3,377,883.19
0.00
520,297.93
2,857,585.26
15.40%
251-
PARKS & REC DIF FUND
0.00
648,950.00
0.00
0.00
648,950.00
0.00%
252 -
CIVIC CENTER DIF FUND
0.00
249,925.00
0.00
0.00
249,925.00
0.00%
253 -
LIBRARY DEVELOPMENT DIF
15,000.00
15,000.00
0.00
25,467.00
-10,467.00
169.78%
254 -
COMMUNITY & CULTURAL CENTERS DIF
482,561.00
792,914.42
0.00
0.00
792,914.42
0.00%
259 -
MAINTENANCE FACILITIES DIF FUND
362,526.00
362,526.00
0.00
331,895.68
30,630.32
91.55%
270-ART
IN PUBLIC PLACES FUND
233,000.00
689,252.37
13,583.19
107,464.47
581,787.90
15.59%
310 -
LQ FINANCE AUTHORITY DEBT SERVICE
1,000.00
1,000.00
750.00
750.00
250.00
75.00%
401-
CAPITAL IMPROVEMENT PROGRAMS
24,293,033.00
91,418,185.87
3,322,755.56
17,315,436.99
74,102,748.88
18.94%
501-
FACILITY & FLEET REPLACEMENT
1,745,913.00
2,477,526.55
46,528.08
556,593.30
1,920,933.25
22.47%
502 -
INFORMATION TECHNOLOGY
4,195,820.00
4,295,820.00
50,672.63
1,579,106.90
2,716,713.10
36.76%
503 -
PARK EQUIP & FACILITY FUND
935,000.00
1,435,000.00
2,613.31
520,911.23
914,088.77
36.30%
504-
INSURANCE FUND
1,242,600.00
1,242,600.00
408.78
1,185,001.86
57,598.14
95.36%
601-SILVERROCKRESORT
5,517,000.00
5,517,000.00
548,124.55
3,938,549.85
1,578,450.15
71.39%
760-SUPPLEMENTAL
PENSION PLAN
12,850.00
12,850.00
0.00
12,832.86
17.14
99.87%
761-
CERBT OPEB TRUST
1,500.00
1,500.00
415.79
1,229.66
270.34
81.98%
762 -
PARS PENSION TRUST
30,000.00
30,000.00
3,160.59
27,466.83
2,533.17
91.56%
Report Total:
156,239,192.00
281,726,612.28
20,412,593.84
118,595,265.91
163,131,346.37
42.10%
Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited
numbers.
Page 2 of 3
14
Fund Descriptions
Fund #
Name
Notes
101
General Fund
The primary fund of the City used to account for all revenue and expenditures of the City; a broad range of municipal
activities are provided through this fund.
105
Disaster Recovery Fund
Accounts for use of one-time federal funding designed to deliver relief to American workers and aid in the economic
recovery iin the wake of COVID-19. The American Rescue Plan Act (ARPA) was passed by Congress in 2021 to
provide fiscal recovery funds to state and local governments.
201
Gas Tax Fund
Gasoline sales tax allocations received from the State which are restricted to street -related expenditures.
202
Library and Museum Fund
Revenues from property taxes and related expenditures for library and museum services.
203
Public Safety Fund
General Fund Measure G sales tax revenue set aside for public safety expenditures.
210
Federal Assistance Fund
Community Development Block Grant (CDBG) received from the federal government and the expenditures of those
resources.
212
SLESF (COPS) Fund
Supplemental Law Enforcement Services Funds (SLESF) received from the State for law enforcement activities.
Also known as Citizen's Option for Public Safety (COPS).
215
Lighting & Landscaping Fund
Special assessments levied on real property for city-wide lighting and landscape maintenance/improvements and the
expenditures of those resources.
220
Quimby Fund
Developer fees received under the provisions of the Quimby Act for park development and improvements.
221
AB939 Fund/Cal Recycle
Franchise fees collected from the city waste hauler that are used to reduce waste sent to landfills through recycling
efforts.
223
Measure A Fund
Coun sales tax allocations which are restricted to street -related expenditures.
224
TUMF Fund
Developer -paid Transportation Uniform Mitigation Fees (TUMF) utilized for traffic projects in Riverside County.
225
Infrastructure Fund
Developer fees for the acquisition, construction or improvement of the City s infrastructure as defined by Resolution
226
Emergency Mgmt. Performance Grant (EMPG)
Federal Emergency Management Agency (FEMA) grant for emergency preparedness.
227
State Homeland Security Programs (SHSP)
Federal Emergency Management Agency FEMA rant for emergency re aredness.
230
CASP Fund, AB1379 / SB1186
Certified Access Specialist (CASp) program fees for ADA Accessibility Improvements; derived from Business
License renewals. Assembly Bill AB 1379 and Senate Bill SB 1186.
231
Successor Agency PA 1 RORF Fund
Successor Agency (SA) Project Area (PA) 1 Redevelopment Obligation Retirement Fund (RORF) for Redevelopment
Property Tax Trust Fund (RPTTF) taxes received for debt service payments on recognized obligations of the former
Redevelopment Agency (RDA).
235
SO Coast Air Quality Fund (AB2766, PM10)
Contributions from the South Coast Air Quality Management District. Uses are limited to the reduction and control of
airborne pollutants. Assembly Bill AB 2766.
237
Successor Agency PA 1 Admin Fund
Successor Agency (SA) Project Area (PA) 1 for administration of the Recognized Obligation Payment Schedule
ROPS associated with the former Redevelopment A enc (RDA).
241
Housing Authority
Activities of the Housing Authority which is to promote and provide quality affordable housing.
243
RDA Low -Moderate Housing Fund
Activities of the Housing Authority which is to promote and provide quality affordable housing. Accounts for RDA loan
repayments 20 /a for Housing) and housing ro rams .
244
Housing Grants
Activites related Local Early Action Planning (LEAP) and SB2 grants for housing planning and development.
247
Economic Development Fund
Proceeds from sale of City -owned land and transfers from General Fund for future economic development.
249
SA 2011 Low/Mod Bond Fund
Successor Agency SA low/moderate housing fund; 2011 bonds refinanced in 2016.
250
Transportation DIF Fund
Developer impact fees collected for specific public improvements - transportation related.
251
Parks & Rec. DIF Fund
Developer impact fees collected for specific public improvements - parks and recreation.
252
Civic Center DIF Fund
Developer impact fees collected for specific public improvements - Civic Center.
253
Library Development DIF Fund
Developer impact fees collected for specific public improvements - library.
254
Community Center DIF Fund
Developer impact fees collected for specific public improvements - community center.
255
Street Facility DIF Fund
Developer impact fees collected for specific public improvements - streets.
256
Park Facility DIF Fund
Developer impact fees collected forspecific public improvements - parks.
257
Fire Protection DIF Fund
Developer impact fees collected for specific public improvements - fire protection.
259
Maintenance Facilities DIF Fund
Developer impact fees collected forspecific public improvements - maintenance facilities.
270
Art In Public Places Fund
Developer fees collected in lieu of art placement; utilized for acquisition, installation and maintenance of public
artworks.
275
LQ Public Safety Officer Fund
Annual transfer in from General Fund; distributed to public safety officers disabled or killed in the line of duty.
299
Interest Allocation Fund
Interest earned on investments.
310
LQ Finance Authority Debt Service Fund
Accounted for the debt service the Financing Authority's outstanding debt and any related reporting requirements.
This bond was fully paid in October 2018.
401
Capital Improvement Program Fund
Planning, design, and construction of various capital projects throughout the City.
405
SA PA 1 Capital Improvement Fund
Successor Agency (SA) Project Area (PA) 1 bond proceeds restricted by the bond indenture covenants. Used for
SilverRock infrastructure improvements.
501
Equipment Replacement Fund
Internal Service Fund for vehicles, heavy equipment, and related facilities.
502
Information Technology Fund
Internal Service Fund for computer hardware and software and phones stems.
503
Park Equipment & Facility Fund
Internal Service Fund for park equipment and facilities.
504
Insurance Fund
Internal Service Fund for city-wide insurance coverages.
601
SilverRock Resort Fund
Enterprise Fund for activities of the city -ow ed golf course.
602
SilverRock Golf Reserve Fund
Enterprise Fund for golf course reserves for capital improvements.
760
Supplemental Pension Plan PARS Account
Supplemental pension savings plan for excess retiree benefits to general employees of the City.
761
Other Post Benefit Obligation Trust (OPEB)
For retiree medical benefits and unfunded liabilities.
762
Pension Trust Benefit (PARS Account)
For all pension -related benefits and unfunded liabilities.
15
Page 3 of 3
16
BUSINESS SESSION ITEM NO. 1
City of La Quinta
FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: June 10, 2026
STAFF REPORT
AGENDA TITLE: APPROVE FINANCIAL ADVISORY COMMISSION MEETING
SCHEDULE FOR FISCAL YEAR 2026/27
RECOMMENDATION
Approve Financial Advisory Commission meeting schedule for fiscal year 2026/27.
EXECUTIVE SUMMARY
• Annually the Financial Advisory Commission (Commission) and Staff discuss and
select meeting dates for the following fiscal year.
• The Commission shall meet quarterly with the ability to schedule special meetings
as needed throughout the year.
FISCAL IMPACT
Commission members are eligible to receive $75 per member per meeting attended. The
proposed 2026/27 budget will be $3,700 for four regularly scheduled quarterly meetings
plus an allowance for three special meetings per year for a seven -member Commission.
BACKGROUND/ANALYSIS
The Commission shall meet quarterly, generally on the 2nd Wednesday in the months of
August, November, February, and May, starting at 3:30 p.m., and may schedule special
meetings as needed.
Meeting dates for the current fiscal year 2025/26 are as follows:
August 13, 2025
September 11, 2025
November 5, 2025
November 11, 2025
December 3, 2025
February 11, 2026
February 11, 2026
April 8, 2026
May 13, 2026
May 13, 2026
June 10, 2026
quarterly meeting — cancelled (Wednesday)
special meeting
(Wednesday)
special meeting
(Wednesday)
quarterly meeting — cancelled
(Wednesday)
special meeting
(Wednesday)
special meeting (2:30 pm)
(Wednesday)
quarterly meeting — cancelled
(Wednesday)
special meeting
(Wednesday)
quarterly meeting — cancelled
(Wednesday)
special meeting (4 p.m.)
(Wednesday)
special meeting
(Wednesday)
17
Proposed Meeting dates for the next fiscal year 2026/27 are as follows:
August 12, 2026
September 9, 2026
November 4, 2026
November 11, 2026
December 9, 2026
February 10, 2027
April 14, 2027
May 12, 2027
June 9, 2027
ALTERNATIVES
quarterly meeting — cancelled (Wednesday)
special meeting
(Wednesday)
special meeting
(Wednesday)
quarterly meeting — cancelled
(Wednesday)
special meeting
(Wednesday)
quarterly meeting
(Wednesday)
special meeting
(Wednesday)
quarterly meeting
(Wednesday)
special meeting
(Wednesday)
The Commission may amend the proposed meeting dates.
Prepared by: Claudia Martinez, Finance Director/City Treasurer
18
BUSINESS SESSION ITEM NO. 2
City of La Quinta
FINANCIAL ADVISORY COMMISSION SPECIAL MEETING .tune 10, 2026
STAFF REPORT
AGENDA TITLE: REVIEW ESTABLISHMENT OF AN INVESTMENT ACCOUNT WITH
THE CALIFORNIA COOPERATIVE LIQUID ASSETS SECURITIES SYSTEM AND
RECOMMEND LA QUINTA FINANCING AUTHORITY APPROVAL
RECOMMENDATION
Review establishment of an investment account with the California Cooperative Liquid
Assets Securities System (California CLASS) and recommend La Quinta Financing
Authority approval.
EXECUTIVE SUMMARY
• On December 16, 2025, the City Council authorized up to $10 million from General
Fund unassigned reserves as a loan to the Financing Authority (Fund 310) to
purchase equipment for the Avenue 58 substation expansion, to be reimbursed by
developers under the Funding and Reservation of Capacity Agreement.
• The ability to segregate the funds from General Fund assets to facilitate recording
of payments made and received will enhance transparency and allow for ease in
tracking and auditing.
• California CLASS is a Local Government Investment Pool (LGIP) as authorized
under California Government Code § 53601(p), with Public Trust Advisors, LLC
serving as the Investment Advisor and Administrator.
FISCAL IMPACT — None.
BACKGROUND/ANALYSIS
La Quinta residents have identified electrical infrastructure and equipment needs as their
top priority. With electrical use rising, power substations in La Quinta and throughout the
Coachella Valley are near capacity, which has stalled new and expanded development.
One area identified as needing additional equipment to meet the City's power demands
is the Avenue 58 substation, subsequently the City worked with Imperial Irrigation District
(IID) and private developers to create a cost -share plan to expand electrical power
capacity. On December 16, 2025, the City Council appropriated up to $10 million from
General Fund Unassigned Reserves to be loaned by the City to the Financing Authority
(Fund 310) for the procurement of the equipment. These funds would be reimbursed by
IID/developers in accordance with the Funding and Reservation of Capacity Agreement.
To ensure accurate tracking of the General Fund loan to the Financing Authority, related
payments to IID, reimbursements, and associated interest earnings, City staff has
determined it is prudent to segregate these monies into a separate account, and proposes
opening a California CLASS Prime Fund account. California CLASS is a California joint
powers authority formed under the Joint Exercise of Powers Act to provide a
professionally -managed pooled investment program for participating public agencies.
California CLASS is a local government investment pool authorized under California
Government Code § 53601(p), sponsored by the League of California Cities and the
California Special Districts Association, and offers:
• Professional investment management by Public Trust Advisors, LLC, an SEC -
registered investment advisor;
• Custodial services provided by U.S. Bank, N.A.;
• Governed by a Board of Trustees consisting of California public agency officials;
• Daily liquidity with same -day access to funds for approved transactions;
• No wire fees for deposits or withdrawals;
• A stable $1.00 net asset value (NAV);
• Annual independent financial audits; and
• An AAAm rating from S&P Global Ratings, the highest principal stability rating
available.
Additional details regarding California CLASS can be found in Attachment 1.
Establishing a dedicated account will improve financial reporting, facilitate audit tracking,
and ensure funds remain readily available for project expenditures while earning a
competitive rate of return.
ALTERNATIVES
The Commission may direct staff to seek alternatives to California CLASS.
Prepared by: Rosemary Hallick, Principal Management Analyst
Approved by: Claudia Martinez, Finance Director/City Treasurer
Attachment: 1. California CLASS Fact Sheet
20
ATTACHMENT 1
Get to Know California CLASS
California CLASS is a local government investment pool that
Holistic-•' was created under the Joint Powers Act. It allows eligible
designed • • public agencies to invest their funds in a professionally
managed Joint Powers Authority.
Portfolio Allocation
Repurchase
Agreements
-
25.94%
Mone Market
pJ Insured
6E.�p3kkDeposit Commercial
Account Paper A-1+
1.39% 12.78%
Certificates of
Deposit
27.29%
Commercial
Paper A-1
25.81%
Collateralized Bank
Deposits
0.06%
Participant Breakdown by Type
Balance Entity
79.18%
62.36%
30.08%
13.38%
7.00% ■ 5.58%
0.56% 1.86% -
■ County • Municipality ■ County ■ Municipality
■ Other Special District • Other • Special District
California CLASS welcomes all public agencies without
favor to one type. The Board membership represents the
diversity of such agencies and works to maintain a product
that services the needs of all California public agencies.
Participation is available to any California public
agency under California Government Code 6500
and 6509.7. Investments are made in
accordance with California Government Code
Section 53601 and the California CLASS
Investment Policies.
The California CLASS portfolio investment
strategy prioritizes minimizing market risk and
enhancing safety via diversified investments.
Funds of the Participants are invested in prime
or high grade, short-term fixed income
instruments as illustrated to the left. We aim to
provide competitive yields while adhering to all
objectives of safety and liquidity. The California
CLASS Prime Fund carries a 'AAAm' rating from
S&P Global Ratings.
California CLASS Board of Trustees
George Harris, Board Margaret Moggia, Board
Chair Vice Chair
Director of Finance Finance Manager
City of Lancaster Town of Discovery Bay
Community Services District
Kevin Phillips, Board Christina Turner, Board
Treasurer Secretary
Chief Financial Officer City Manager
Paradise Irrigation District City of Morgan Hill
Ryan Clausnitzer
General Manager
Alameda County Mosquito
Abatement District
Data as of 04/30/2026. Data unaudited. Charts and/or values presented may not add up precisely to absolute figures due to rounding. Many factors affect performance including changes in market
conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss of principal. No assurance can be given that the
performance objectives of a given strategy will be achieved. California CLASS is not a bank. An investment in California CLASS is not insured or guaranteed by the Federal Deposit Insurance Corporation or
any other government agency. Although the California CLASS stable NAV fund(s) seek to preserve the value of your investment at $1.00 per share, this is not guaranteed. A `AAAm' rating by S&P Global
Ratings is obtained after S&P evaluates a number of factors including credit quality, market price exposure, and management. For a full description on rating methodology, please visit www.soalobal.com.
Ratings are subject to change and do not remove credit risk. Please review the applicable Information Statement(s) before investing. Past performance is no guarantee of future results. Any financial
and/or investment decision may incur losses.
Public Trust Advisors, LLC, PMA Financial Network, LLC, PMA Securities, LLC and PMA Asset Management, LLC are under common ownership as part of PTMA Financial Solutions, LLC ("PTMA"). Public Trust
Advisors, LLC and PMA Asset Management, LLC, are two separate SEC registered investment advisers, both doing business as PTMA Investment Advisors. PMA Securities, LLC is a broker -dealer and municipal
advisor registered with the SEC and MSRB and is a member of FINRA and SIPC. Registration with the SEC does not imply a certain level of skill or training. Marketing, securities, institutional brokerage
services and municipal advisory services are offered through PMA Securities, LLC. PTMA Investment Advisors provides investment advisory services to local government investment pools ("Funds") and
separate accounts. All other products are provided by PMA Financial Network, LLC. 21
What is California CLASS?
California Cooperative Liquid Assets Securities System (California
CLASS) is a joint exercise of powers entity authorized under
Section 6509.7, California Government Code. California CLASS is
a pooled investment option that was created via a joint exercise of
powers agreement by and among California public agencies.
California CLASS offers public agencies a convenient method for
investing in highly liquid, investment -grade securities carefully
selected with the goal of optimizing yields while prioritizing safety
and liquidity. The California CLASS Prime and Enhanced Cash
funds help assist public agencies in strengthening and diversifying
their cash management programs in accordance with the safety,
liquidity, and yield hierarchy that provides the framework for the
investment of public funds.
How is it governed and managed?
California CLASS is overseen and governed by a Board of
Trustees. The Board is made up of public agency finance
professionals who participate in California CLASS and are
members of the Joint Powers Authority (JPA). The Board of
Trustees has entered into an Investment Advisor and
Administrator Agreement with Public Trust Advisors, LLC. Public
Trust is responsible to the Board for all program investment and
administrative activities as well as many of the services provided
on behalf of the Participants.
How can we participate?
Enrolling in California CLASS is simple. Public agencies may
become Participants simply by filling out the Participant
Registration Form that can be found in the document center on
the California CLASS website. Public agencies may submit the
completed registration packet to California CLASS Client Services
for processing at clientservices@californiaclass.com. To obtain
account forms and fund documents, visit
www.californiaclass.com/document-center/.
Sponsored By:
$k LEAGUE OF ♦_
CALIFORNIA California Special
CITI ES Districts Association
BOMB Districts Stronger Together
www.calcities.org www.csda.net
T (877) 930-5213 1 F (877) 930-5214 1 www.californiaclass.com I clientservices@californiaclass.com
22
What are the objectives of California CLASS?
Safety
The primary investment objective of the California
CLASS Prime Fund is preservation of principal. Both
California CLASS portfolios are managed by a team of
investment professionals who are solely focused on the
management of public funds nationwide. The custodian
for California CLASS is U.S. Bank, N.A.
Liquidity
When you invest in the California CLASS Prime Fund,
you have access to your funds on any business day. You
must notify California CLASS of your funds transaction
requests by 11:00 a.m. PT via the online transaction
portal. There are no redemption notices for the
daily -liquid California CLASS Prime Fund. The California
CLASS Enhanced Cash Fund is a variable NAV fund that
provides next -day liquidity and requires a one -day
notification of redemption.
Competitive Returns
California CLASS strives to provide competitive yields
while adhering to the objectives of safety and liquidity.
Participants can benefit from the investment expertise
and institutional knowledge provided by the team of
Public Trust professionals. The portfolio performance
objective is strengthened by the knowledge of
California public agency cash flows that the Public Trust
team possesses.
Ease of Use
To make cash management streamlined and efficient,
California CLASS includes many features that make it
easy to access account information and simplify record
keeping. Participants can transact on any business day
via the California CLASS Online Transaction Portal at
www.californiaclass.com.
Flexibility
You may establish multiple California CLASS
subaccounts. You will receive comprehensive monthly
statements that show all of your transaction activity,
dividend accruals, and yield summaries. These
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Legality
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California State Code Section 53601; permitted
investments are further restricted to those approved by
the Board of Trustees as set forth in the California
CLASS Investment Policies.
Have Questions? Contact us or visit www.californiaclass.com for more information.
Bob Shull crystal Lynn Sarah Meacham
Senior Director, Director, Investment Services Senior Director,
Investment Services Investment Services
crystal.lynn@californiaclass.com
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0(213) 378-2070 (626)737-3727
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and indicates the highest underlying credit quality of the pool's investments. The'S1' volatility rating is Fitch's opinion on the relative sensitivity of a portfolio's total return and/or net asset value to
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23
24
BUSINESS SESSION ITEM NO. 3
City of La Quinta
FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: June 10, 2026
STAFF REPORT
AGENDA TITLE: RECOMMEND COUNCIL APPROVAL OF FISCAL YEAR 2026/27
PROPOSED BUDGET AND APPROVE ALLOCATION OF MEASURE G SALES TAX
REVENUE
RECOMMENDATION
Recommend Council approval of fiscal year 2026/27 proposed budget and approve allocation
of Measure G Sales Tax revenue.
EXECUTIVE SUMMARY
The May 19, 2026, Council budget study session focused on the General Fund and
Internal Service Funds.
• This session focuses on a review of Special Revenue Funds, Enterprise Fund, Capital
Funds of the City, and updates to the General Fund.
• Final budget adoption is scheduled for the June 16, 2026, Council meeting.
FISCAL IMPACT
The updated General Fund budget anticipates a surplus of $3,301,265 with projected General
Fund revenues of $96,019,600 (including Measure G sales tax) and proposed operational and
capital expenditures of $94,718,335 including use of Measure G reserves in the amount of
$2,000,000. The projected surplus provides financial flexibility to address future capital,
reserve, or operational priorities. Staff will present options for Commission consideration
during the budget discussion.
BACKGROUND/ANALYSIS
The goal of the June 10, 2026, session is to provide an overview of updates since May 13,
2026, for all funds and approve the use of Measure G sales tax revenues.
The Fiscal Year 2026/27 Proposed Budget Overview (Attachment 1) provides a narrative for
all Special Funds and an update to the General Fund. Exhibit A includes line -item details for
revenues and expenditures for the Special Revenue Funds, Enterprise Fund, and Capital
Improvement Funds.
The budget updates were presented to the City Council on June 2, 2026. Staff will provide a
verbal update of those discussions to the Commission during this meeting.
25
ALTERNATIVES
The Commission may wish to request further information regarding specific items, prior to
budget adoption scheduled for June 16, 2026.
Prepared by: Claudia Martinez, Finance Director/City Treasurer
Approved by: Jon McMillen, City Manager
Attachment: 1. Fiscal Year 2026/27 Proposed Budget Overview
ATTACHMENT 1
FISCAL YEAR 2026/27
SECOND BUDGET STUDY SESSION OVERVIEW eca Q"&a
CALIFORNIA
The second budget study session provides an overview of the Special Revenue funds, Capital Fund,
and Enterprise Fund (SilverRock Golf Resort) of the City. Exhibit A to this report provides line -item
details. A one -page summary, found on Exhibit A with the proposed budget, provides a quick reference
of all proposed revenues and expenditures by fund. The Supplemental Information section of the
Proposed Budget provides a description of each fund.
The FY 2026/27 budget will continue to be refined throughout the budget process, with all updates
incorporated into the final adopted budget. The City remains committed to strategic investments in
infrastructure, responsive community services, and maintaining La Quinta's strong long-term financial
position through disciplined fiscal planning.
GENERAL FUND UPDAT=
Since the last budget study session,
the following adjustments resulted in a $3,250,000 expense
decrease to the General Fund as detailed below:
Revenues
$ 92,769,600
Less Operating/CIP Expenses
94,718,335
Preliminary Budget Surplus/(Deficit)
(1,948,735)
Use of Measure G Reserves
2,000,000
BUDGET SURPLUS (DEFICIT)
$ 51,265
GENERAL FUND AS OF
Transfer out to CIP
$ (1,000,000)
Police Services
$ (2,250,000)
Total Adjustments
(3,250,000)
. _
-Transfers Out in Centralized Services is
decreasing by $1,000,000 due to the removal of
General Fund contribution of $500,000 for the
Miles Avenue Pavement Rehabilitation Project,
as project estimates came in lower than
anticipated and sufficient budget remains
available within the existing project
appropriation, and $500,000 reduction to
supplement operations for the Lighting and
Landscaping District.
-A decrease of $2,250,000 in the Police division is primarily attributable to the proposed adjustment in
Riverside County Sheriff's Office daily patrol hours (DPH) from the contracted 130 DPH to 108 DPH,
consistent with the current service level that has been maintained since 2021 due to staffing constraints.
The adjustment reflects recent analysis of calls for service, response times, and crime trends, which
indicate current community needs continue to be met at the existing operational level while maintaining
public safety service standards.
After adjustments, the updated budget surplus is $3,301,265. Budget amounts, including salaries and
benefits, are still being finalized. Any additional surplus identified as part of the final budget balancing
process will be allocated to Measure G reserves and presented to the City Council as part of the June
16, 2026 budget adoption meeting.
2026/27 Second Budget Study Session Page 1
27
SPECIAL REVENUE FUNDS
Special Revenue Funds account for specific revenues and their related expenditures that are legally
required to be held in separate funds. Revenues may be derived from various sources such as
developer impact fees, property tax assessments, State and Federal programs, housing income, or
operations. These restricted funds are for road repairs, recycling programs, art in public places, housing
activities, police programs, library/museum operations, and the administration of retiree benefits
through trusts. A summary of revenues and expenditures by Special Fund is provided on the final page
of this report.
Gas Tax Fund Revenue projections are provided by the State and are expected to grow at a modest
pace; it is estimated that total local streets and roads allocations will increase by about $113,000 in
2026/27. However, long-term projections indicate that future revenue growth may slow due to
increasing fuel -efficient and alternative fuel vehicles, which are expected to reduce fuel consumption
and corresponding gas tax revenues over time. The General fund is anticipated to transfer $800,000
into the Gas Tax Fund to supplement operations, this amount will be updated upon completion of salary
and benefit projections.
Expenditures in the Gas Tax Fund are primarily related to street and traffic operations, including
personnel costs, roadway maintenance materials, traffic control signage, striping, and equipment. The
FY 2026/27 proposed budget also includes ongoing capital funding for machinery and equipment
replacement. Overall expenditures are decreasing by approximately $2.3 million, primarily due to lower
planned transfers out for street improvement projects and related capital activities, while operational
service levels for street maintenance and traffic operations remain generally consistent with the prior
year. Transfers out for CIP projects total $1,000,000 for the Citywide Arterial Slurry Seal Improvements.
The Lighting and Landscape District (LLD) Fund is partially funded with $1,000,000 from property
tax assessments. To ensure continued citywide landscaping standards are upheld, the General Fund
is projected to contribute $3,000,000 in 2026/27.
Expenditure increases are driven by landscape contract costs due to enhanced service levels and rising
prices for materials, supplies, labor, and utilities. These increases are partially offset by a reduction in
tree maintenance costs, as funding for the ongoing project in FY 2025/26 will carry over into FY
2026/27.
Housing Authority Funds will be presented to the Housing Authority in detail on June 2, 2026. A
preliminary review of the proposed budget will be presented to the Housing Commission on June 10,
2026 and is scheduled for adoption on June 16, 2026.
Finance Authority Fund expenditures remain limited and primarily consist of annual administrative
and compliance -related costs, including the required filing of the annual State Controller's Report,
estimated at approximately $1,000 in FY 2026/27.
2026/27 Second Budget Study Session Page 2
28
Overall expenses are decreasing for the Library and Museum Fund compared to FY 2025/26 primarily
due to CIP carryovers from FY 2024/25 to FY 2025/26 for the Village Art Promenade & Cultural Campus
project of about $1.9 million. Increases are attributed to contract services, salaries and benefits,
operational expenses, and the addition of a Library Resource Van to expand mobile library services,
community outreach, and educational programming throughout the City.
OTHER SPECIAL REVENUE FUNDS
Measure A Fund provides the City with funding for street maintenance and operations, street repairs
and improvements, and new infrastructure of the streets and roads systems. The Riverside County
Transportation Commission (RCTC) allocates funds to local agencies to be used on specific capital
projects pre -approved by RCTC. County sales tax revenue is expected to increase by $144,000 or 8%
from the prior year based on estimates from RCTC's Measure A Program Allocation projection report.
Development Impact Fee (DIF) Funds are restricted to capital improvement program expenses.
Funds with no expenses in 2026/27 either have no current project commitments or are saving revenues
for future fiscal year capital projects.
For FY 2026/27, the Art in Public Places Fund proposed budget includes the continued maintenance
contract for citywide art installations, maintenance and engraving of honorary monuments at the Civic
Center Campus, and the continuance of art purchases and enhancements.
ENTERPRISE FUND
The SilverRock Golf Resort operates under two funds, an operating fund and a capital replacement
reserve fund. Landmark Golf Management LLC (Landmark) manages the SilverRock Resort golf course
and is required to provide an annual operations plan for Council's review and approval, which was
presented to City Council on May 5, 2026. Readers are encouraged to read the full annual plan for
details on revenues and expenditures. Highlights include impacts from ongoing construction and
development affecting operations, turf renovation project, golf course management fee increase of five
percent (5%), and continuing the 2% annual contribution to the capital reserve fund. It is anticipated
that SilverRock operations and the budget will require continuous monitoring and adjustments during
the 2026/27 fiscal year as ongoing construction will affect operations.
CAPITAL IMPROVEMENT PROGRAM (CIP)
The preliminary Capital Improvement Programs Fund includes revenues and expenditures for
projects as presented to City Council on April 7, 2026. The total CIP budget for FY 2026/27 is
$23,299,653, representing a $500,000 decrease from the previously presented CIP plan due to the
removal of General Fund funding for the Miles Avenue Pavement Rehabilitation project. Developer
reimbursements totaling $939,723 for DIF eligible improvements are budgeted in DIF funds and
$500,000 for median landscape improvements is expended out of the LLD fund.
2026/27 Second Budget Study Session Page 3
29
a
D
101
GENERAL FUND
92,769,6097�
0
91,468,335
1,301,265
105
DISASTER RECOVERY FUND
194,000
-
194,000
201
GAS TAX FUND
3,103, 300
3,063,700
39,600
202
LIBRARY & MUSEUM FUND
4,558,000
3,346,300
1,211,700
203
PUBLIC SAFETY FUND
7,000
-
7,000
210
FEDERAL ASSISTANCE FUND (CDBG)
157,200
180,800
(23,600)
212
SLESF (COPS)
130,000
100,000
30,000
215
LIGHTING & LANDSCAPING FUND
4,000,000
3,841,200
158,800
220
QUIMBY FUND
-
-
-
221
AB 939 - CALRECYCLE
92,000
200,000
(108,000)
223
MEASURE A FUND
2,103, 000
1,790,730
312,270
225
INFRASTRUCTURE FUND
1,000
-
1,000
226
EMERGENCY MANAGEMENT
PERFORMANCE FUND
5,000
11,000
(6,000)
227
STATE HOMELAND SECURITY PROGRAM
5,400
7,000
(1,600)
230
CASp FUND, AB 1379
20,000
5,500
14,500
235
SO COAST AIR QUALITY FUND
57,500
40,000
17,500
241
HOUSING AUTHORITY FUND
1,686,000
2,782,400
(1,096,400)
243
RDA LOW -MOD HOUSING FUND
156,000
375,000
(219,000)
247
ECONOMIC DEVELOPMENT FUND
124,000
31,000
93,000
249
SA 2011 LOW/MOD BOND
90,000
150,000
(60,000)
250
TRANSPORTATION DIF
554,000
1,439,700
(885,700)
251
PARKS & RECREATION DIF
214,000
-
214,000
252
CIVIC CENTER DIF
173,000
-
173,000
253*
LIBRARY DEVELOPMENT DIF
31,000
22,000
9,000
254
COMMUNITY CENTER DIF
94,000
-
94,000
255
STREET FACILITY DIF
3,000
-
3,000
256
PARK FACILITY DIF
-
-
-
257
FIRE PROTECTION DIF
53,000
-
53,000
259
MAINTENANCE FACILITIES DIF FUND
30,000
-
30,000
270
ART IN PUBLIC PLACES FUND
182,000
255,000
(73,000)
275
LQ PUBLIC SAFETY OFFICER FUND
4,000
-
4,000
310
LQ FINANCE AUTHORITY FUND
1,000
1,000
-
401
CAPITAL IMPROVEMENT PROGRAMS
21,859,930
21,859,930
-
405
SA PA1 CAPITAL IMPROVEMENT BOND
-
-
-
501
FACILITY & FLEET REPLACEMENT FUND
1,784,700
1,800,300
(15,600)
502
INFORMATION TECHNOLOGY FUND
2,864,000
2,864,500
(500)
503
PARK EQUIP & FACILITY FUND
1,415,000
1,131,200
283,800
504
INSURANCE FUND
1,473,300
1,310,400
162,900
601
SILVERROCK RESORT FUND
5,709,000
5,706,000
3,000
602
SILVERROCK GOLF RESERVE FUND
110,000
-
110,000
760
SUPPLEMENTAL PENSION PLAN
7,000
12,900
(5,900)
761
CERBT OPEB TRUST (HEALTH BENEFITS)
100,000
1,500
98,500
762
PARS PENSION TRUST
300,000
30,000
270,000
1
• see
Is 1
* This fund has an outstanding inter -agency loan due to the Successor Agency.
2026/27 Second Budget Study Session
1911"
Page 4
am
EXHIBIT A
%tcv
Qa 0 &a
GEM OF THE DESERT
City of La Quinta
ob 2026/27
Proposed Budget
AD Special Funds
Rt",
THIS PAGE INTENTIONALLY LEFT BLANK
KVA
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 25/26
Budget
105 - DISASTER RECOVERY FUND
0000 - Undesignated
330 - Intergovernmental
105-0000-41700 Federal Government Revenue
4,993,504
0
4,993,504
0
0
(4,993,504)
-100%
330 - Intergovernmental Totals:
4,993,504
0
4,993,504
0
0
(4,993,504)
-100%
360 - Use of Money & Property
105-0000-41900 Allocated Interest
248,922
172,000
172,000
88,208 I
194,000
22,000
13%
105-0000-41910 GASB 31 Interest
151,478
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
400,400
172,000
172,000
88,208
194,000
22,000
13%
0000 - Undesignated Totals:
5,393,904
172,000
5,165,504
88,208
194,000
(4,971,504)
-96%
105 - DISASTER RECOVERY FUND Totals:
5,393,904
172,000
5,165,504
88,208
194,000
(4,971,504)
-96%
201 - GAS TAX FUND
0000 - Undesignated
330 - Intergovernmental
201-0000-42900 Section 2105, Gas Tax
238,386
248,000
248,000
175,787
251,000
3,000
1%
201-0000-42905 Section 2106, Gas Tax
157,488
160,000
160,000
115,237
162,200
2,200
1%
201-0000-42910 Section 2107, Gas Tax
316,241
338,000
338,000
231,126
335,500
(2,500)
-1%
201-0000-42915 Section 2107.5, Gas Tax
6,000
6,000
6,000
6,000
6,000
0
0%
201-0000-42920 Section 2103, Gas Tax
366,563
359,000
359,000
273,840
384,000
25,000
7%
201-0000-42922 SIB 1, Road Maint. Rehab
1,047,083
1,006,705
1,006,705
700,642
1,091,600
84,895
8%
330 - Intergovernmental Totals:
2,131,760
2,117,705
2,117,705
1,502,633
2,230,300
112,595
5%
360 - Use of Money & Property
201-0000-41900 Allocated Interest
103,963
100,000
100,000
39,180 I
73,000
(27,000)
-27%
201-0000-41910 GASB 31 Interest
50,111
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
154,073
100,000
100,000
39,180
73,000
(27,000)
-27%
390 - Other Financing Sources
201-0000-49500 Transfers In
500,000
1,000,000
1,000,000
1,000,000
800,000
(200,000)
-20%
390 - Other Financing Sources Totals:
500,000
1,000,000
1,000,000
1,000,000
800,000
(200,000)
-20%
0000 - Undesignated Totals:
2,785,834
3,217,705
3,217,705
2,541,813
3,103,300
(114,405)
-4%
201 - GAS TAX FUND Totals:
2,785,834
3,217,705
3,217,705
2,541,813
3,103,300
(114,405)
-4%
202 - LIBRARY & MUSEUM FUND
0000 - Undesignated
330 - Intergovernmental
202-0000-41720 County Government Revenue
4,062,489
4,000,000
4,000,000
1,909,040
4,000,000
0
0%
330 - Intergovernmental Totals:
4,062,489
4,000,000
4,000,000
1,909,040
4,000,000
0
00/0
33
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 25/26
Budget
340 - Charges for Services
202-0000-42218 MakerSpace Membership 6,072
5,000
5,000
5,600
5,000
0
0%
340 - Charges for Services Totals: 6,072
5,000
5,000
5,600
5,000
0
00/0
360 - Use of Money & Property
202-0000-41900 Allocated Interest
202-0000-41910 GASB 31 Interest
360 - Use of Money & Property Totals
525,346 415,000 415,000 236,213 I 553,000 138,000 33%
198,666 0 0 0 0 0 0%
724,012 415,000 415,000 236,213 553,000 138,000 330/0
0000 - Undesignated Totals: 4,792,573 4,420,000 4,420,000 2,150,853 4,558,000 138,000 3%
202 - LIBRARY & MUSEUM FUND Totals: 4,792,573 4,420,000 4,420,000 2,150,853 4,558,000 138,000 3%
203 - PUBLIC SAFETY FUND (MEASURE G)
0000 - Undesignated
360 - Use of Money & Property
203-0000-41900 Allocated Interest 7,307 6,000 6,000 3,043 I 7,000 1,000 17%
203-0000-41910 GASB 31 Interest 3,013 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 10,320 6,000 6,000 3,043 7,000 1,000 17%
0000 - Undesignated Totals: 10,320 6,000 6,000 3,043 7,000 1,000 17%
203-PUBLIC SAFETY FUND (MEASURE G) Totals: 10,320 6,000 6,000 3,043 7,000 1,000 17%
210 - FEDERAL ASSISTANCE FUND
0000 - Undesignated
330 - Intergovernmental
210-0000-43105 CDBG 0 160,000 313,933 138,248 I 157,200 (156,733) -50%
330 - Intergovernmental Totals: 0 160,000 313,933 138,248 157,200 (156,733) -50%
360 - Use of Money & Property
210-0000-41900 Allocated Interest 53 100 100 0 I 0 (100) -100%
210-0000-41910 GASB 31 Interest 30 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 82 100 100 0 0 (100) -100%
0000 - Undesignated Totals: 82 160,100 314,033 138,248 157,200 (156,833) -500/0
210 - FEDERAL ASSISTANCE FUND Totals: 82 160,100 314,033 138,248 157,200 (156,833) -500/0
34
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 25/26
Budget
212 - SLESA (COPS) FUND
0000 - Undesignated
330 - Intergovernmental
212-0000-43115 SLESA (COPS) Grant
194,663
100,000
100,000
201,537
100,000
0
0%
330 - Intergovernmental Totals:
194,663
100,000
100,000
201,537
100,000
0
0%
360 - Use of Money & Property
212-0000-41900 Allocated Interest
25,133
21,000
21,000
12,271 I
30,000
9,000
43%
212-0000-41910 GASB 31 Interest
10,004
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
35,138
21,000
21,000
12,271
30,000
9,000
43%
0000 - Undesignated Totals:
229,801
121,000
121,000
213,808
130,000
9,000
7%
212 - SLESA (COPS) FUND Totals:
229,801
121,000
121,000
213,808
130,000
9,000
7%
215 - LIGHTING & LANDSCAPING FUND
0000 - Undesignated
340 - Charges for Services
215-0000-42305 Miscellaneous Reimbursement 31,441
0
0
18,989
0
0
0%
340 - Charges for Services Totals:
31,441
0
0
18,989
0
0
00/0
350 - Fines, Forfeitures & Abatements
215-0000-43210 LLD Assessments
991,288
1,002,100
1,002,100
540,325
1,000,000
(2,100)
0%
ines, Forfeitures & Abatements Totals:
991,288
1,002,100
1,002,100
540,325
1,000,000
(2,100)
00/0
360 - Use of Money & Property
215-0000-41900 Allocated Interest
18,102
60,000
60,000
(502) I
0
(60,000)
-100%
215-0000-41910 GASB 31 Interest
14,190
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
32,292
60,000
60,000
(502)
0
(60,000)
-1000/0
390 - Other Financing Sources
215-0000-49500 Transfers In
2,500,000
2,800,000
2,800,000
2,800,000
3,000,000
200,000
7%
390 - Other Financing Sources Totals:
2,500,000
2,800,000
2,800,000
2,800,000
3,000,000
200,000
7%
0000 - Undesignated Totals:
3,555,020
3,862,100
3,862,100
3,358,812
4,000,000
137,900
4%
215- LIGHTING & LANDSCAPING FUND Totals: 3,555,020 3,862,100 3,862,100 3,358,812 4,000,000 137,900 4%
221 - AB 939 - CALRECYCLE FUND
0000 - Undesignated
310 - Tax Revenues
221-0000-41506 Burrtec AB 939 Fee 71,611 70,000 70,000 49,044 70,000 0 0%
310 - Tax Revenues Totals: 71,611 70,000 70,000 49,044 70,000 0 00/0
35
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 25/26
Budget
330 - Intergovernmental
221-0000-43120 Cal Recycle Grant 9,902
0
0
0 I
0
0
0%
330 - Intergovernmental Totals: 9,902
0
0
0
0
0
0%
360 - Use of Money & Property
221-0000-41900 Allocated Interest
221-0000-41910 GASB 31 Interest
360 - Use of Money & Property Totals
25,401 21,000 21,000 10,313 I 22,000 1,000 5%
10,725 0 0 0 0 0 0%
36,126 21,000 21,000 10,313 22,000 1,000 50/0
0000 - Undesignated Totals: 117,639 91,000 91,000 59,357 92,000 1,000 10/0
221 - AB 939 - CALRECYCLE FUND Totals: 117,639 91,000 91,000 59,357 92,000 1,000 10/0
223 - MEASURE A FUND
0000 - Undesignated
310 - Tax Revenues
223-0000-41320 County Sales Tax 1,909,693 1,773,000 1,773,000 1,153,044 1,917,000 144,000 8%
310 - Tax Revenues Totals: 1,909,693 1,773,000 1,773,000 1,153,044 1,917,000 144,000 80/0
360 - Use of Money & Property
223-0000-41900 Allocated Interest 159,234 127,000 127,000 73,497 I 186,000 59,000 46%
223-0000-41910 GASB 31 Interest 53,023 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 212,257 127,000 127,000 73,497 186,000 59,000 46%
0000 - Undesignated Totals: 2,121,950 1,900,000 1,900,000 1,226,541 2,103,000 203,000 110/0
223 - MEASURE A FUND Totals: 2,121,950 1,900,000 1,900,000 1,226,541 2,103,000 203,000 110/0
225 - INFRASTRUCTURE FUND
0000 - Undesignated
360 - Use of Money & Property
225-0000-41900 Allocated Interest 773 1,000 1,000 322 I 1,000 0 0%
225-0000-41910 GASB 31 Interest 318 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 1,091 1,000 1,000 322 1,000 0 00/0
0000 - Undesignated Totals: 1,091 1,000 1,000 322 1,000 0 00/0
225 - INFRASTRUCTURE FUND Totals: 1,091 1,000 1,000 322 1,000 0 00/0
36
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25 2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change in
Actuals Original Budget
Current Budget
YTD Activity*
Proposed
Current 25/26
Budget
226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)
0000 - Undesignated
330 - Intergovernmental
226-0000-43120 EMP Grant
11,343 10,000
10,000
7,217
5,000
(5,000)
-50%
330 - Intergovernmental Totals:
11,343 10,000
10,000
7,217
5,000
(5,000)
-50%
0000 - Undesignated Totals: 11,343 10,000 10,000 7,217 5,000 (5,000) -50%
226- EMERGENCY MANAGEMENT PERFORMANCE 11,343 10,000 10,000 7,217 5,000 (5,000) -500/0
GRANT (EMPG) Totals:
227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)
0000 - Undesignated
330 - Intergovernmental
227-0000-43120 SHSP Grant 0 5,400 5,400 0 5,400 0 0%
330 - Intergovernmental Totals: 0 5,400 5,400 0 5,400 0 0%
0000 - Undesignated Totals: 0 5,400 5,400 0 5,400 0 0%
227- STATE HOMELAND SECURITY PROGRAMS
0
5,400
5,400
0
5,400
0
00/0
(SHSP) Totals:
230 - CASp FUND, AB 1379
0000 - Undesignated
360 - Use of Money & Property
230-0000-41900 Allocated Interest
4,371
4,000
4,000
1,988
I
5,000
1,000
25%
230-0000-41910 GASB 31 Interest
1,688
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
6,059
4,000
4,000
1,988
5,000
1,000
25%
380 - Transfers In
230-0000-42130 SB 1186 Revenue 16,994 20,000 20,000 16,252 15,000 (5,000) -25%
380 - Transfers In Totals: 16,994 20,000 20,000 16,252 15,000 (5,000) -25%
0000 - Undesignated Totals: 23,053 24,000 24,000 18,240 20,000 (4,000) -17%
230 - CASp FUND, AB 1379 Totals: 23,053 24,000 24,000 18,240 20,000 (4,000) -17%
235 - SO COAST AIR QUALITY FUND
0000 - Undesignated
330 - Intergovernmental
235-0000-43410 SCAQ Contribution 51,144 52,500 52,500 25,289 52,500 0 0%
330 - Intergovernmental Totals: 51,144 52,500 52,500 25,289 52,500 0 0%
360 - Use of Money & Property
235-0000-41900 Allocated Interest
235-0000-41910 GASB 31 Interest
360 - Use of Money & Property Totals:
5,391 4,500
2,179 0
4,500 2,247 5,000
0 0 0
500 11%
0 0%
7,571 4,500 4,500 2,247 5,000 500 110/0
37
CITY OF LA QUINTA
SPECIAL FUND REVENUE DETAIL
FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26 2025/26
2026/27
26/27 vs.
% Change in
Actuals
Original Budget
Current Budget YTD Activity*
Proposed
Current 25/26
Budget
390 - Other Financing Sources
235-0000-49500 Transfers In
0
0
0 4,203
0
0
0%
390 - Other Financing Sources Totals:
0
0
0 4,203
0
0
0%
0000 - Undesignated Totals: 58,715 57,000 57,000 31,739 57,500 500 1%
235 - SO COAST AIR QUALITY FUND Totals: 58,715 57,000 57,000 31,739 57,500 500 1%
241 - HOUSING AUTHORITY
9101 - Housing Authority - Admin
360 - Use of Money & Property
241-9101-41900 Allocated Interest
443,240
365,000
365,000
179,994
385,000
20,000
5%
241-9101-41910 GASB 31 Interest
187,425
0
0
0
0
0
0%
241-9101-42706 Loan Repayments
151,621
0
0
0
0
0
0%
241-9101-43504 2nd Trust Deed Repayments
56,003
100,000
100,000
37,343
100,000
0
0%
360 - Use of Money & Property Totals:
838,288
465,000
465,000
217,337
485,000
20,000
4%
9101 - Housing Authority - Admin Totals: 838,288 465,000 465,000 217,337 485,000 20,000 4%
9103 - Housing Authority - LQRP
360 - Use of Money & Property
241-9103-43502 Rent Revenue/LQRP 328,144
350,000
350,000
272,048
350,000
0
0%
360 - Use of Money & Property Totals: 328,144
350,000
350,000
272,048
350,000
0
00/0
9103 - Housing Authority - LQRP Totals: 328,144
350,000
350,000
272,048
350,000
0
00/0
9104 - Dune Palms Mobile Estates
360 - Use of Money & Property
241-9104-42112 Rent Revenue/Tenant/Dune Palms 849,943
850,000
850,000
562,327
I
850,000
0
0%
241-9104-42302 Miscellaneous Revenue/Dune Palms 0
1,000
1,000
0
1,000
0
0%
360 - Use of Money & Property Totals: 849,943
851,000
851,000
562,327
851,000
0
00/0
9104 - Dune Palms Mobile Estates Totals: 849,943
851,000
851,000
562,327
851,000
0
00/0
241 - HOUSING AUTHORITY Totals: 2,016,376 1,666,000 1,666,000 1,051,712 1,686,000 20,000 10/0
243 - RDA LOW -MOD HOUSING FUND
0000 - Undesignated
360 - Use of Money & Property
243-0000-41900 Allocated Interest 168,213 130,000 130,000 70,744 I 156,000 26,000 20%
243-0000-41910 GASB 31 Interest 71,028 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 239,241 130,000 130,000 70,744 156,000 26,000 20%
370 - Miscellaneous
243-0000-48500 Extraordinary Gain 14,169 0 0 0 I 0 0 0%
370 - Miscellaneous Totals: 14,169 0 0 0 0 0 00/0
0000 - Undesignated Totals: 253,410 130,000 130,000 70,744 156,000 26,000 20%
6 38
CITY OF LA QUINTA
2024/25
Actuals
SPECIAL FUND REVENUE DETAIL
2025/26 2025/26
Original Budget Current Budget
2025/26
YTD Activity*
2026/27
Proposed
FY 2026/27 PROPOSED BUDGET
26/27 vs. % Change in
Current 25/26 Budget
243 - RDA LOW -MOD HOUSING FUND Totals:
253,410
130,000
130,000
70,744
156,000
26,000
20%
247 - ECONOMIC DEVELOPMENT FUND
0000 - Undesignated
350 - Fines, Forfeitures & Abatements
247-0000-42706 Loan Repayments
24,610
0
0
44,335
0
0
0%
350- Fines, Forfeitures & Abatements Totals:
24,610
0
0
44,335
0
0
00/0
360 - Use of Money & Property
247-0000-41900 Allocated Interest
133,936
109,000
109,000
56,035 I
124,000
15,000
14%
247-0000-41910 GASB 31 Interest
55,143
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
189,080
109,000
109,000
56,035
124,000
15,000
14%
0000 - Undesignated Totals:
213,689
109,000
109,000
100,371
124,000
15,000
14%
247 - ECONOMIC DEVELOPMENT FUND Totals:
213,689
109,000
109,000
100,371
124,000
15,000
14%
249 - SA 2011 LOW/MOD BOND FUND
0000 - Undesignated
340 - Charges for Services
249-0000-42301 Miscellaneous Revenue
4,483
0
0
0 I
0
0
0%
340 - Charges for Services Totals:
4,483
0
0
0
0
0
00/0
360 - Use of Money & Property
249-0000-41910 GASB 31 Interest
10,509
0
0
0
0
0
0%
249-0000-41915 Non -Allocated Interest
99,527
86,000
86,000
71,207
90,000
4,000
5%
360 - Use of Money & Property Totals:
110,035
86,000
86,000
71,207
90,000
4,000
50/0
0000 - Undesignated Totals:
114,518
86,000
86,000
71,207
90,000
4,000
50/0
249 - SA 2011 LOW/MOD BOND FUND Totals:
114,518
86,000
86,000
71,207
90,000
4,000
50/0
250 - TRANSPORTATION DIF FUND
0000 - Undesignated
360 - Use of Money & Property
250-0000-41900 Allocated Interest
220,085
179,000
179,000
89,028
204,000
25,000
14%
250-0000-41910 GASB 31 Interest
92,514
0
0
0
0
0
0%
250-0000-43200 Developer Fees
421,135
400,000
400,000
509,419
350,000
(50,000)
-13%
360 - Use of Money & Property Totals:
733,734
579,000
579,000
598,446
554,000
(25,000)
-40/o
0000 - Undesignated Totals: 733,734 579,000 579,000 598,446 554,000 (25,000) -40/o
250 - TRANSPORTATION DIF FUND Totals: 733,734 579,000 579,000 598,446 554,000 (25,000) -40/o
39
CITY OF LA QUINTA
SPECIAL FUND REVENUE DETAIL
FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 25/26
Budget
251 - PARKS & REC DIF FUND
0000 - Undesignated
360 - Use of Money & Property
251-0000-41900 Allocated Interest
62,925
53,000
53,000
27,004
64,000
11,000
21%
251-0000-41910 GASB 31 Interest
26,170
0
0
0
0
0
0%
251-0000-43200 Developer Fees
120,042
150,000
150,000
236,106
150,000
0
0%
360 - Use of Money & Property Totals:
209,137
203,000
203,000
263,110
214,000
11,000
50/0
0000 - Undesignated Totals: 209,137 203,000 203,000 263,110 214,000 11,000 50/0
251 - PARKS & REC DIF FUND Totals: 209,137 203,000 203,000 263,110 214,000 11,000 50/0
252 - CIVIC CENTER DIF FUND
0000 - Undesignated
360 - Use of Money & Property
252-0000-41900 Allocated Interest
73,699
60,000
60,000
31,931
73,000
13,000
22%
252-0000-41910 GASB 31 Interest
29,645
0
0
0
0
0
0%
252-0000-43200 Developer Fees
82,724
100,000
100,000
140,629
100,000
0
0%
360 - Use of Money & Property Totals:
186,068
160,000
160,000
172,561
173,000
13,000
80/0
0000 - Undesignated Totals: 186,068 160,000 160,000 172,561 173,000 13,000 80/0
252 - CIVIC CENTER DIF FUND Totals: 186,068 160,000 160,000 172,561 173,000 13,000 80/0
253 - LIBRARY DEVELOPMENT DIF
0000 - Undesignated
360 - Use of Money & Property
253-0000-41900 Allocated Interest 0 500 500 0 I 1,000 500 100%
253-0000-43200 Developer Fees 22,629 30,000 30,000 44,5030,000 0 0%
360 - Use of Money & Property Totals: 22,629 30,500 30,500 44,506 31,000 500 2%
0000 - Undesignated Totals: 22,629 30,500 30,500 44,506 31,000 500 2%
253 - LIBRARY DEVELOPMENT DIF Totals: 22,629 30,500 30,500 44,506 31,000 500 2%
254 - COMMUNITY & CULTURAL CENTERS DIF FUND
0000 - Undesignated
360 - Use of Money & Property
254-0000-41900 Allocated Interest
39,361
35,000
35,000
14,354
34,000
(1,000)
-3%
254-0000-41910 GASB 31 Interest
16,808
0
0
0
0
0
0%
254-0000-43200 Developer Fees
54,492
60,000
60,000
107,178
60,000
0
0%
360 - Use of Money & Property Totals:
110,661
95,000
95,000
121,532
94,000
(1,000)
-10/0
0000 - Undesignated Totals: 110,661 95,000 95,000 121,532 94,000 (1,000) -10/0
254- COMMUNITY & CULTURAL CENTERS DIF Totals:110,661 95,000 95,000 121,532 94,000 (1,000) -10/0
40
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 25/26
Budget
255 - STREET FACILITY DIF FUND
0000 - Undesignated
360 - Use of Money & Property
255-0000-41900 Allocated Interest
3,222
3,000
3,000
1,342
I
3,000
0
0%
255-0000-41910 GASB 31 Interest
1,328
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
4,551
3,000
3,000
1,342
3,000
0
00/0
0000 - Undesignated Totals: 4,551 3,000 3,000 1,342 3,000 0 00/0
255 - STREET FACILITY DIF FUND Totals: 4,551 3,000 3,000 1,342 3,000 0 00/0
256 - PARK FACILITY DIF FUND
0000 - Undesignated
360 - Use of Money & Property
256-0000-41900 Allocated Interest
256-0000-41910 GASB 31 Interest
360 - Use of Money & Property Totals:
303 500 500 126
125 0 0 0
(500) -100%
0 0%
429 500 500 126 0 (500) -1000/0
0000 - Undesignated Totals: 429 500 500 126
-100%
256 - PARK FACILITY DIF FUND Totals: 429 500 500 126 0 (500) -100%
257 - FIRE PROTECTION DIF
0000 - Undesignated
360 - Use of Money & Property
257-0000-41900 Allocated Interest
25,151
21,000
21,000
10,845
25,000
4,000
19%
257-0000-41910 GASB 31 Interest
10,149
0
0
0
0
0
0%
257-0000-43200 Developer Fees
24,682
30,000
30,000
42,143
28,000
(2,000)
-7%
360 - Use of Money & Property Totals:
59,982
51,000
51,000
52,988
53,000
2,000
4%
0000 - Undesignated Totals: 59,982 51,000 51,000 52,988 53,000 2,000 4%
257 - FIRE PROTECTION DIF Totals: 59,982 51,000 51,000 52,988 53,000 2,000 4%
259 - MAINTENANCE FACILITIES DIF FUND
0000 - Undesignated
360 - Use of Money & Property
259-0000-41900 Allocated Interest
10,658
12,000
12,000
367
0
(12,000)
-100%
259-0000-41910 GASB 31 Interest
5,077
0
0
0
0
0
0%
259-0000-43200 Developer Fees
28,896
35,000
35,000
38,519
30,000
(5,000)
-14%
360 - Use of Money & Property Totals:
44,631
47,000
47,000
38,886
30,000
(17,000)
-36%
0000 - Undesignated Totals: 44,631 47,000 47,000 38,886 30,000 (17,000) -36%
259- MAINTENANCE FACILITIES DIF FUND Totals: 44,631 47,000 47,000 38,886 30,000 (17,000) -36%
41
CITY OF LA QUINTA
SPECIAL FUND REVENUE DETAIL
FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 25/26
Budget
270 - ART IN PUBLIC PLACES FUND
0000 - Undesignated
360 - Use of Money & Property
270-0000-41900 Allocated Interest
36,002
31,000
31,000
15,044
32,000
1,000
3%
270-0000-41910 GASB 31 Interest
15,321
0
0
0
0
0
0%
270-0000-43201 APP Fees
101,383
100,000
100,000
78,373
100,000
0
0%
360 - Use of Money & Property Totals:
152,705
131,000
131,000
93,416
132,000
1,000
10/0
390 - Other Financing Sources
270-0000-49500 Transfers In 50,000 50,000 50,000 50,000 50,000 0 0%
390 - Other Financing Sources Totals: 50,000 50,000 50,000 50,000 50,000 0 0%
0000 - Undesignated Totals: 202,705 181,000 181,000 143,416 182,000 1,000 10/0
270 - ART IN PUBLIC PLACES FUND Totals: 202,705 181,000 181,000 143,416 182,000 1,000 10/0
275 - LQ PUBLIC SAFETY OFFICER
0000 - Undesignated
360 - Use of Money & Property
275-0000-41900 Allocated Interest 2,257 2,000 2,000 952 I 2,000 0 0%
275-0000-41910 GASB 31 Interest 917 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 3,174 2,000 2,000 952 2,000 0 00/0
390 - Other Financing Sources
275-0000-49500 Transfers In 2,000 2,000 2,000 2,000 2,000 0 0%
390 - Other Financing Sources Totals: 2,000 2,000 2,000 2,000 2,000 0 00/0
0000 - Undesignated Totals: 5,174 4,000 4,000 2,952 4,000 0 00/0
275 - LQ PUBLIC SAFETY OFFICER Totals: 5,174 4,000 4,000 2,952 4,000 0 00/0
310 - LQ FINANCE AUTHORITY DEBT SERVICE
0000 - Undesignated
360 - Use of Money & Property
310-0000-41900 Allocated Interest
310-0000-42111 Rental Income
(1) 0 0
750 1,000 1,000
1,000
0%
0%
360 - Use of Money & Property Totals: 749 1,000 1,000 0 1,000 0 00/0
390 - Other Financing Sources
310-0000-49500 Transfers In 0 0 10,000,000 10,000,000 0 (10,000,000) -100%
390 - Other Financing Sources Totals: 0 0 10,000,000 10,000,000 0 (10,000,000) -100%
0000 - Undesignated Totals: 749 1,000 10,001,000 10,000,000 1,000 (10,000,000) -1000/0
310- LQ FINANCE AUTHORITY DEBT SERVICE Totals: 749 1,000 10,001,000 10,000,000 1,000 (10,000,000) -1000/0
10 42
CITY OF LA QUINTA
SPECIAL FUND REVENUE DETAIL
FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 25/26
Budget
401 - CAPITAL IMPROVEMENT PROGRAMS
0000 - Undesignated
330 - Intergovernmental
401-0000-41716 Highway Bridge Program
7,051,290
0
17,578,368
1,547,360
0
(17,578,368)
-100%
401-0000-41719 Federal Earmark Funding
0
0
4,000,000
3,230,845
0
(4,000,000)
-100%
401-0000-41721 CVAG
36,793
0
3,520,675
689,679
0
(3,520,675)
-100%
401-0000-43634 CV Water District
117,646
0
543,480
9,900
0
(543,480)
-100%
330 - Intergovernmental Totals:
7,205,729
0
25,642,523
5,477,784
0
(25,642,523)
-100%
360 - Use of Money & Property
401-0000-43133 Developer Agreement Funding 0 0 956,150 0 0 (956,150) -100%
360 - Use of Money & Property Totals: 0 0 956,150 0 0 (956,150) -100%
390 - Other Financing Sources
401-0000-49500 Transfers In 6,807,199 24,293,033 69,461,734 8,424,386 21,859,930 (47,601,804) -69%
390 - Other Financing Sources Totals: 6,807,199 24,293,033 69,461,734 8,424,386 21,859,930 (47,601,804) -69%
0000 - Undesignated Totals:14,012,928 24,293,033 96,060,408 13,902,171 21,859,930 (74,200,478) -77%
401-CAPITAL IMPROVEMENT PROGRAMS Totals: 14,012,928 24,293,033 96,060,408 13,902,171 21,859,930 (74,200,478) -77%
405 - SA PA 1 CAPITAL IMPRV FUND
0000 - Undesignated
360 - Use of Money & Property
405-0000-41900 Allocated Interest 243 500 500 101 I 0 (500) -100%
405-0000-41910 GASB 31 Interest 100 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 343 500 500 101 0 (500) -1000/0
0000 - Undesignated Totals: 343 500 500 101 0 (500) -1000/0
405 - SA PA 1 CAPITAL IMPRV FUND Totals: 343 500 500 101 0 (500) -1000/0
501 - FACILITY & FLEET REPLACEMENT
0000 - Undesignated
360 - Use of Money & Property
501-0000-41900 Allocated Interest
198,168
155,000
155,000
87,747
200,000
45,000
29%
501-0000-41910 GASB 31 Interest
84,163
0
0
0
0
0
0%
501-0000-42000 Insurance Recoveries
0
0
0
1,196
0
0
0%
360 - Use of Money & Property Totals:
282,331
155,000
155,000
88,943
200,000
45,000
29%
390 - Other Financing Sources
501-0000-42207 Capital Contributions
49,566
0
0
0
0
0
0%
501-0000-43636 FMP Equipment Charges
1,559,000
1,589,500
1,589,500
1,192,125
1,584,700
(4,800)
0%
501-0000-45000 Gain/Loss on Asset Disposal
30,000
1,000
1,000
42,859
0
(1,000)
-100%
390 - Other Financing Sources Totals:
1,638,566
1,590,500
1,590,500
1,234,984
1,584,700
(5,800)
0%
0000 - Undesignated Totals: 1,920,897 1,745,500 1,745,500 1,323,926 1,784,700 39,200 2%
501- FACILITY & FLEET REPLACEMENT Totals: 1,9 20,897 1,745,500 11 1,745,500 1,323,926 1,784,700 39,200 43 2%
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change in
502 - INFORMATION TECHNOLOGY
0000 - Undesignated
340 - Charges for Services
502-0000-43611 Technology Enhancement 109,049 30,000 30,000 164,275 100,000 70,000 233%
340 - Charges for Services Totals: 109,049 30,000 30,000 164,275 100,000 70,000 233%
360 - Use of Money & Property
502-0000-41900 Allocated Interest
170,419
12,500
12,500
84,743 I
219,000
206,500
1,652%
502-0000-41910 GASB 31 Interest
65,326
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
235,745
12,500
12,500
84,743
219,000
206,500
1,652%
390 - Other Financing Sources
502-0000-42207 Capital Contributions
90,409
0
0
O I
0
0
0%
502-0000-43610 Technology Support Charges
3,150,000
4,152,500
4,152,500
3,114,375
2,545,000
(1,607,500)
-39%
390 - Other Financing Sources Totals: 3,240,409
4,152,500
4,152,500
3,114,375
2,545,000
(1,607,500)
-39%
0000 - Undesignated Totals: 3,585,203 4,195,000 4,195,000 3,363,393 2,864,000 (1,331,000) -32%
502 - INFORMATION TECHNOLOGY Totals: 3,585,203 4,195,000 4,195,000 3,363,393 2,864,000 (1,331,000) -32%
503 - PARK EQUIP & FACILITY FUND
0000 - Undesignated
360 - Use of Money & Property
503-0000-41900 Allocated Interest 119,435 50,000 50,000 60,609 I 144,000 94,000 188%
503-0000-41910 GASB 31 Interest 60,891 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 180,326 50,000 50,000 60,609 144,000 94,000 1880/0
390 - Other Financing Sources
503-0000-43620 Park Facility Charges
2,050,000
985,000
985,000
738,750 I
1,271,000
286,000
29%
503-0000-45000 Sale of Other Assets
(22,889)
0
0
0
0
0
0%
390 - Other Financing Sources Totals:
2,027,111
985,000
985,000
738,750
1,271,000
286,000
29%
0000 - Undesignated Totals:
2,207,437
1,035,000
1,035,000
799,359
1,415,000
380,000
37%
503 - PARK EQUIP & FACILITY FUND Totals:
2,207,437
1,035,000
1,035,000
799,359
1,415,000
380,000
37%
504-INSURANCE FUND
0000 - Undesignated
360 - Use of Money & Property
504-0000-41900 Allocated Interest 29,597 17,000 17,000 8,337 I 36,000 19,000 112%
504-0000-41910 GASB 31 Interest 14,801 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 44,398 17,000 17,000 8,337 36,000 19,000 112%
12 44
CITY OF LA QUINTA
2024/25
Actuals
SPECIAL FUND REVENUE DETAIL
2025/26 2025/26
Original Budget Current Budget
2025/26
YTD Activity*
2026/27
Proposed
FY 2026/27 PROPOSED BUDGET
26/27 vs. % Change in
Current 25/26 Budget
390 - Other Financing Sources
504-0000-43637 Insurance Charges
1,369,842
1,378,941
1,378,941
1,034,206
1,437,300
58,359
4%
390 - Other Financing Sources Totals:
1,369,842
1,378,941
1,378,941
1,034,206
1,437,300
58,359
4%
0000 - Undesignated Totals:
1,414,240
1,395,941
1,395,941
1,042,542
1,473,300
77,359
6%
504 - INSURANCE FUND Totals:
1,414,240
1,395,941
1,395,941
1,042,542
1,473,300
77,359
6%
601 - SILVERROCK RESORT
0000 - Undesignated
340 - Charges for Services
601-0000-44000 Green Fees
3,760,221
4,328,000
4,328,000
3,715,081
4,652,000
324,000
7%
601-0000-44001 Range Fees
135,582
176,000
176,000
119,241
176,000
0
0%
601-0000-44002 Merchandise
186,544
216,000
216,000
194,412
231,000
15,000
7%
601-0000-44004 Resident Card
146,615
150,000
150,000
131,731
150,000
0
0%
340 - Charges for Services Totals:
4,228,962
4,870,000
4,870,000
4,160,465
5,209,000
339,000
7%
390 - Other Financing Sources
601-0000-49500 Transfers In
1,650,000
600,000
600,000
600,000
500,000
(100,000)
-17%
390 - Other Financing Sources Totals:
1,650,000
600,000
600,000
600,000
500,000
(100,000)
-17%
0000 - Undesignated Totals:
5,878,962
5,470,000
5,470,000
4,760,465
5,709,000
239,000
4%
601 - SILVERROCK RESORT Totals:
5,878,962
5,470,000
5,470,000
4,760,465
5,709,000
239,000
4%
602 - SILVERROCK GOLF RESERVE
0000 - Undesignated
360 - Use of Money & Property
602-0000-41900 Allocated Interest 25,292 26,000 26,000 7,773 I 17,000 (9,000) -35%
602-0000-41910 GASB 31 Interest 11,000 0 0 0 0 0 0%
360 - Use of Money & Property Totals: 36,292 26,000 26,000 7,773 17,000 (9,000) -35%
390 - Other Financing Sources
602-0000-49500 Transfers In 88,000 87,000 87,000 87,000 93,000 6,000 7%
390 - Other Financing Sources Totals: 88,000 87,000 87,000 87,000 93,000 6,000 7%
0000 - Undesignated Totals: 124,292 113,000 113,000 94,773 110,000 (3,000) -3%
602 - SILVERROCK GOLF RESERVE Totals: 124,292 113,000 113,000 94,773 110,000 (3,000) -3%
13 45
CITY OF LA QUINTA SPECIAL FUND REVENUE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change in
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed
Current 25/26
Budget
760 - SUPPLEMENTAL PENSION PLAN
0000 - Undesignated
360 - Use of Money & Property
760-0000-41900 Allocated Interest
2,452
2,000
2,000
851
I
2,000
0
0%
760-0000-41910 GASB 31 Interest
1,149
0
0
0
0
0
0%
360 - Use of Money & Property Totals:
3,601
2,000
2,000
851
2,000
0
00/0
390 - Other Financing Sources
760-0000-49500 Transfers In 5,000 5,000 5,000 5,000 5,000 0 0%
390 - Other Financing Sources Totals: 5,000 5,000 5,000 5,000 5,000 0 00/0
0000 - Undesignated Totals: 8,601 7,000 7,000 5,851 7,000 0 00/0
760 - SUPPLEMENTAL PENSION PLAN Totals: 8,601 7,000 7,000 5,851 7,000 0 00/0
761 - CERBT OPEB TRUST
0000 - Undesignated
360 - Use of Money & Property
761-0000-41915 Non -Allocated Interest 212,969 40,000 40,000 150,600 100,000 60,000 150%
360 - Use of Money & Property Totals: 212,969 40,000 40,000 150,600 100,000 60,000 1500/0
0000 - Undesignated Totals: 212,969 40,000 40,000 150,600 100,000 60,000 1500/0
761 - CERBT OPEB TRUST Totals: 212,969 40,000 40,000 150,600 100,000 60,000 1500/0
762 - PARS PENSION TRUST
0000 - Undesignated
360 - Use of Money & Property
762-0000-41915 Non -Allocated Interest 539,793 200,000 200,000 290,799 300,000 100,000 50%
360 - Use of Money & Property Totals: 539,793 200,000 200,000 290,799 300,000 100,000 500/0
0000 - Undesignated Totals: 539,793 200,000 200,000 290,799 300,000 100,000 500/0
762 - PARS PENSION TRUST Totals: 539,793 200,000 200,000 290,799 300,000 100,000 500/0
14 46
CITY OF LA QUINTA SPECIAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET
REVENUE NOTES BY FUND NUMBER —
105 Disaster Recovery Fund This fund was created due to the passage of the American
Rescue Plan Act (ARPA) in March 2021. The $1.9 trillion federal stimulus package included
funding for local governments to address the health and economic impacts caused by the
pandemic. The City received a total of about $9.9 million in one-time Coronavirus State and
Local Fiscal Relief Funds. The funds were received as revenue replacement funds under the
Treasury's Final Rule and can be used for the provision of general government services. The
City elected to use the funding for police services in FY 2024/25 and 2025/26.
201 Gas Tax Fund This fund includes both Highway Users Tax Account (HUTA) and Road
Maintenance & Rehabilitation Account (RMRA, also known as S131) Revenues. The projections
are provided by the State and despite lower fuel consumption, scheduled rate increases
stipulated in SB1 have kept local allocations of revenue growing at a modest pace; current
estimates show total statewide local streets and roads allocations will grow by 2%. Streets and
Highways Code Sections 2103-2108 HUTA are allocated to counties and cities based on
designated allotments and population. Each January and May, the State provides initial and
revised projections and the City adjusts revenue projections accordingly.
• Section 2105 allocates 11.5 percent of tax revenues in excess of 9 cents per gallon
monthly among cities based on population.
• Section 2106 revenues equal to 1.04 cent per gallon are allocated to the State
Bicycle Transportation Account (7.2 million per year), $400 per month to each City,
$800 per month to each County, and the residual amount is allocated to cities and
counties based on registered vehicles and population.
• Section 2107 provides monthly allocations to cities of 1.315 cents per gallon of
gasoline, 1.8 cents per gallon of diesel, and 2.59 cents per liquefied petroleum gas
allocated based on population.
• Section 2107.5 is residual revenue remaining after Sections 2103 - 2107 are
allocated to cities annually in July based on population ranges. A range of 25,000 to
49,999 residents receives $6,000.
• After State transportation debt service is paid, 44% of the remaining excise taxes are
evenly split between cities and counties using the current HUTA formulas. Section
2103 funds are allocated to cities on a per capita basis.
• This revenue source is derived from the Road Repair and Accountability Act of 2017
(SB1 Beall). On July 1, 2020, and every July 1 thereafter, the gasoline and diesel
fuel excise tax rates and vehicle registration taxes will be increasing by the change in
the California Consumer Price Index (CPI). S131 funds are subject to a special annual
audit and a minimum annual maintenance of effort contribution for road
improvements paid from the General Fund, which is $1,786,109.
202 Library and Museum Fund operational revenues are derived from property taxes, which
are used to support activities of the Library, Museum, and Makerspace.
203 Public Safety Fund revenue is derived from Measure G Sales Taxes for public safety
expenditures. There are no proposed transfers in for 2026/27.
210 Federal Assistance Fund revenues are derived from federal allocations for Community
Development Block Grants (CDBG); 15% can be used for public service projects and 85% for
public improvement or housing services.
15 47
CITY OF LA QUINTA SPECIAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET
212 SLESA COPS Fund revenues are derived from the State of California and are received for
law enforcement activities of the Riverside County's Sheriff's Department, also known as
Supplemental Law Enforcement Services Fund Activities (SLESA).
215 Lighting and Landscape Fund assessments are based on an annual assessment rate of
$35.60 per Equivalent Benefit Unit (EBU, which is generally one EBU per Single Family
Residence parcel), which was established in 1997 and remains unchanged. The district was
formed pursuant to the 1972 Act, which permits the establishment of assessment districts by
cities for the purpose of providing for the maintenance of certain public improvements. Changes
to the assessment rate are bound by Proposition 218 regulations. Each year the assessment
information is submitted to the County Auditor/Controller and included in property tax rolls. The
Fund is largely supported by the General Fund with transfer in contributions for operational
expenses.
220 Quimby Fund fees are established under Government Code Section 66477 which predates
the Mitigation Fee Act and authorizes a city or county to require dedication of land, payment of
fees in -lieu of dedication, or a combination of both, for park and recreational purposes as a
condition of approval of a residential subdivision.
221 AB 939 CalRecycle Fund is used to account for franchise fees collected from the city
waste hauler that are used to reduce waste sent to landfills through recycling efforts. The City
has a Franchise Agreement with Burrtec Waste and Recycling Services, LLC effective July
2022 through June 2037.
223 Measure A Fund Revenue received is derived from a half -cent sales tax first passed by
voters in 1988 and extended by vote in 2002 to continue to fund transportation improvements
through 2039. Funds are distributed proportionately to three geographic areas based on the
sales tax collected within each. In the Coachella Valley, 50% goes to Highways & Regional
Arterials, 35% to Local Streets & Roads, and 15% to Public Transit.
225 Infrastructure Fund is being phased out and not subject to collection of future revenue
from developments.
226 Emergency Management Performance Fund revenues are received from the State
Homeland Security Grant Program to local governments to further assist the State of California's
efforts to prepare for natural and man-made disasters and terrorism related impacts to
communities.
227 State Homeland Security Programs (SHSP) Fund revenue and expenditures are
recognized when grants are awarded. Funds are received from the State Homeland Security
Grant Program to local governments to further assist State of California's efforts to prepare for
natural and man-made disasters and terrorism related impacts to communities.
230 CASp, AB 1379 Fund SB 1186 revenue is derived from a $4 per business license renewal
fee and its purpose is to increase disability access and compliance with construction -related
accessibility requirements at businesses and facilities that are open to the public. The fee is
divided between the City, which retains 90 percent, and the Division of the State Architect
(DSA), which receives 10 percent.
16 48
CITY OF LA QUINTA SPECIAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET
235 South Coast Air Quality Fund revenues recognize contributions from the South Coast Air
Quality Management District. Uses are limited to the reduction and control of airborne pollutants.
241 Housing Authority Fund Second Silent Trust Deed Payments and Home/Land Sale
Proceeds vary from year-to-year. Additional repayment of silent second trust deeds are
recognized upon receipt.
243 RDA Low -Mod Housing Fund The total FY 2026/27 former Redevelopment Agency loan
repayment is $3,647,452. In accordance with Redevelopment dissolution requirements, 20% or
$729,490 will be recognized in reserves within this Housing Fund, while the remaining 80% or
$2,917,962 will be allocated to the General Fund.
247 Economic Development Fund revenues can be used for future economic development;
fiscal year 2026/27 revenues will be used for additional economic development outreach.
249 Successor Agency (SA) 2011 Low/Mod Bond Fund In FY 2023/24, this 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.
250 Transportation Fees Fund are dependent upon new development. California Complete
Streets Act requires local governments in the state to address the transportation needs of all
users, including pedestrians, cyclists, and transit riders.
251 Park and Recreation DIF Fund fees are dependent upon new residential development.
Impact fees for parkland acquisition apply to residential projects not involving a subdivision, and
impact fees for construction of park improvements apply to all residential development projects.
Fees collected are used to provide additional parks to mitigate the impact of new development
in the City.
252 Civic Center DIF Fund fees are dependent upon new development. The purpose of the
impact fee is to pay for new development' s proportionate share of the cost of providing Civic
Center facilities to serve residents and businesses in La Quinta. Impact fees will be used to pay
for future expansion of the Civic Center Campus.
253 Library DIF Fund fees are dependent upon new residential development. Impact fees are
collected for the La Quinta Library, which is owned by the City of La Quinta and operated by the
Riverside County Library System.
254 Community and Cultural Center DIF Fund fees are dependent upon new residential
development. This fee was formerly known as the Community Centers impact fee. In 2020, the
scope of the fee was broadened to include cultural facilities such as the La Quinta Museum.
255 Street Facility DIF Fund fees were dependent upon new development. An updated DIF
Study was adopted on February 4, 2020 with an effective date of July 1, 2020. The updated DIF
Study phased out the Street Facility DIF and the Park Facility DIF and replaced these fees with
one Maintenance Facilities DIF fee.
17 49
CITY OF LA QUINTA SPECIAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET
256 Park Facility DIF Fund fees were dependent upon new development. An updated DIF
Study was adopted on February 4, 2020 with an effective date of July 1, 2020. The updated DIF
Study phased out the Street Facility DIF and the Park Facility DIF and replaced these fees with
one Maintenance Facilities DIF fee.
257 Fire Facility DIF Fund fees are dependent upon new development. The City contracts with
the Riverside County Fire Department for fire protection, fire prevention, rescue, Fire Marshall,
and medical emergency services. The City builds and owns the fire stations in La Quinta. Those
stations are part of an integrated system of fire protection facilities used by the Riverside County
Fire Department to provide fire protection to La Quinta and surrounding communities, including
unincorporated portions of the County. There are three existing fire stations in the City and
preliminary plans call for a fourth fire station to be constructed in or near the southeastern
quadrant of La Quinta. That station will be needed to provide an acceptable level of service to
development in that part of the City and in portions of unincorporated Riverside County.
259 Maintenance Facilities Fund was created in FY 2020/21 after the updated DIF Study was
adopted on February 4, 2020 with an effective date of July 1, 2020. The updated DIF Study
phased out the Street Facility DIF and the Park Facility DIF and replaced these fees with one
Maintenance Facilities DIF fee. Fees are dependent upon new development and are used for
the corporate yard maintenance facilities and equipment needed to serve future development in
La Quinta.
270 Art in Public Places Fund transfers in are from the General Fund for operational
expenses. Fees are dependent upon new development. These fees require a separate study
from other development impact fees.
275 LQ Public Safety Officer Fund transfers in are from the General Fund. Annual transfer in
from General Fund; distributed to public safety officers disabled or killed in the line of duty.
310 LQ Finance Authority Debt Service Fund is used to account for the debt service that will
be used for the principal and interest payments of the Financing Authority's outstanding debt
and any related reporting requirements. The 1996 Civic Center Bond was paid off in October
2018, resulting in savings to the General Fund. An annual State Controller's Report and audit
are required.
401 Capital Improvement Programs Fund has large variances annually because of multi -year
project carryovers. A listing of 2026/27 projects is presented within the Capital Improvement
Fund expenditures.
501, 502, 503, and 504 Internal Services Funds in which revenues are largely derived from
the General Fund based on employee and equipment allocations by division.
601 SilverRock Resort Fund transfers in budget of $500,000 is derived from the General Fund
as a contribution for anticipated operational expenses.
602 SilverRock Golf Reserve Fund transfers in budget of $93,000 is derived from the
SilverRock Resort Fund as a 2% annual contribution to the capital reserve as specified in the
agreement.
760 Supplemental Pension Plan Fund transfers are from the General Fund.
18 50
CITY OF LA QUINTA SPECIAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET
761 Supplemental Pension Plan Fund The City participates in the California Employers'
Retiree Benefit Trust (CERBT) for the purpose of accumulating funding for OPEB obligations.
The CERBT is a multiple employer tax exempt trust organized under Section 115 of the Internal
Revenue Code for those electing to prefund OPEB obligations. Revenues in this fund can
come from earnings on the portfolio or additional contribution transfers in from the General
Fund.
762 Pension Trust Fund In 2019, the City established a Section 115 Trust Agreement with
U.S. Bank National Association and Public Agency Retirement Services (PARS), Trust
Administrator. The Section 115 Trust was established to set aside monies to fund the City's
pension obligations. Contributions to the Section 115 Trust are irrevocable, the assets provide
benefits to plan members, and the assets are protected from creditors of the City. The purpose
of the Trust is to address the City's pension obligations by accumulating assets to reduce the
net pension liability. Revenues in this fund can come from earnings on the portfolio or
additional contribution transfers in from the General Fund.
19 51
CITY OF LA QUINTA
LIBRARY & MUSEUM FUND EXPENSE DETAIL
FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
0/b Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
202 - LIBRARY &
MUSEUM FUND
3004 - Library
50 - Salaries and
Benefits
202-3004-50101
Permanent Full Time
55,472
58,300
58,300
52,465
60,300
2,000
3%
202-3004-50200
PERS - City Portion
6,258
6,900
6,900
5,905
7,300
400
6%
202-3004-50215
Other - Fringe Benefits
518
520
520
456
300
(220)
-42%
202-3004-50221
Medical Insurance
6,731
11,000
11,000
6,262
8,100
(2,900)
-26%
202-3004-50222
Vision Insurance
39
0
0
37
0
0
0%
202-3004-50223
Dental Insurance
226
0
0
201
200
200
0%
202-3004-50224
Life Insurance
28
0
0
25
0
0
0%
202-3004-50225
Long Term Disability
367
400
400
362
400
0
0%
202-3004-50230
Workers Comp Insurance
2,000
1,900
1,900
1,425
2,100
200
11%
202-3004-50240
Social Security Medicare
804
900
900
761
900
0
0%
50 - Salaries and Benefits Totals:
72,444
79,920
79,920
67,899
79,600
(320)
00/0
60 - Contract Services
202-3004-60112 Landscape Contract
33,213
35,800
35,800
28,369
36,000
200
1%
202-3004-60114 County of Riverside - Library
1,351,107
1,683,600
1,683,600
650,011
1,683,600
0
0%
202-3004-60115 Janitorial
39,172
65,000
65,000
33,441
65,000
0
0%
202-3004-60116 Pest Control
923
1,000
1,000
2,908
3,000
2,000
200%
202-3004-60123 Security & Alarm
1,680
4,000
4,000
1,590
4,000
0
0%
202-3004-61400 Cable/Internet - Utilities
8,393
1,500
1,500
6,957
3,000
1,500
100%
60 - Contract Services Totals:
1,434,488
1,790,900
1,790,900
723,276
1,794,600
3,700
0%
62 - Mainter
202-3004-60420
202-3004-60424
202-3004-60431
202-3004-60664
202-3004-60665
202-3004-60667
202-3004-60691
62 - Mainten
ance & Operations
Operating Supplies
Materials- New Exhibits
Materials/Supplies
Fire Extinguisher Service
Maint-Other Equipment
HVAC
Maintenance/Services
ance & Operations Totals:
1,280
0
133
188
0
18,064
100,000
100,000
2,290
100,000
0
0%
15,000
15,000
0
15,000
0
0%
5,000
5,000
95
5,000
0
0%
500
500
0
500
0
0%
1,000
1,000
0
0
(1,000)
-100%
95,000
170,000
27,689
150,000
(20,000)
-12%
32,752 165,000 165,000 9,692 165,000 0 0%
52,417 381,500 456,500 39,767 435,500 (21,000) -50/0
66 - Utilities
202-3004-61100
Gas - Utilities
3,889
3,000
3,000
260
3,000
0
0%
202-3004-61101
Electricity - Utilities
61,549
60,000
60,000
44,031
60,000
0
0%
202-3004-61200
Water - Utilities
0
500
500
0
500
0
0%
66 - Utilities Totals:
65,438
63,500
63,500
44,291
63,500
0
0%
68 - Capital Expenses
202-3004-71020 Furniture
202-3004-72110 Building Improvements
68 - Capital Expenses Totals
1,555 10,000 10,000
119,320 150,000 150,000
10,000 0 0%
150,000 0 0%
120,875 160,000 160,000 0 160,000 0 0%
20 52
CITY OF LA QUINTA LIBRARY & MUSEUM FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
0/b Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
69 - Internal Service Charges
202-3004-91842 Liability Insurance & Claims
13,500
21,500
21,500
16,125
21,700
200
1%
202-3004-91843 Property & Crime Insurance
5,600
3,900
3,900
2,925
3,900
0
0%
202-3004-91844 Earthquake Insurance
12,008
6,019
6,019
4,514
6,100
81
1%
202-3004-98110 Information Tech Charges
12,000
15,600
15,600
11,700
9,500
(6,100)
-39%
69 - Internal Service Charges Totals:
43,108
47,019
47,019
35,264
41,200
(51819)
-12%
3004 - Library Totals: 1,788,769 2,522,839 2,597,839 910,497 2,574,400 (23,439) -10/0
3006 - Museum
60 - Contract Services
202-3006-60105
Museum Operations
202-3006-60112
Landscape Contract
202-3006-60115
Janitorial
202-3006-60116
Pest Control
202-3006-60123
Security & Alarm
60 - Contract Services Totals:
62 - Mainter
202-3006-60420
202-3006-60431
202-3006-60664
202-3006-60667
202-3006-60691
62 - Mainten
ance & Operations
Operating Supplies
Materials/Supplies
Fire Extinguisher Service
HVAC
Maintenance/Services
ance & Operations Totals:
229,553
228,100
228,100
116,073
235,000
6,900
3%
20,760
25,500
25,500
17,732
22,500
(3,000)
-12%
12,370
15,750
15,750
10,749
15,800
50
0%
1,851
4,000
4,000
616
4,000
0
0%
3,050
4,000
4,000
2,085
4,000
0
0%
267,583 277,350 277,350 147,255 281,300 3,950 10/0
296
5,000
5,000
2,170
5,000
0
0%
1,657
15,000
15,000
268
15,000
0
0%
202
500
500
0
500
0
0%
14,953
20,000
20,000
0
40,000
20,000
100%
4,715 20,000 20,000 14,159 30,000 10,000 50%
21,824 60,500 60,500 16,597 90,500 30,000 500/0
66 - Utilities
202-3006-61101
Electricity - Utilities
17,000
17,000
17,000
12,245
17,000
0
0%
202-3006-61200
Water - Utilities
4,276
3,500
3,500
2,649
3,500
0
0%
202-3006-61300
Telephone - Utilities
2,137
1,700
1,700
1,858
1,800
100
6%
66 - Utilities Totals:
23,413
22,200
22,200
16,753
22,300
100
0%
68 - Capital Expenses
202-3006-71020 Furniture
202-3006-72110 Building Improvements
68 - Capital Expenses Totals:
17
100,000 100,000 0%
0 0 0%
0 0 0 17,531 100,000 100,000 0%
69 - Internal Service Charges
202-3006-91842 Liability Insurance & Claims
23,824
30,100
30,100
22,575
30,400
300
1%
202-3006-91843 Property & Crime Insurance
9,000
5,752
5,752
4,314
5,800
48
1%
202-3006-91844 Earthquake Insurance
15,000
12,450
12,450
9,338
12,600
150
1%
202-3006-98110 Information Tech Charges
1,300
10,000
10,000
7,500
10,000
0
0%
69 - Internal Service Charges Totals:
49,124
58,302
58,302
43,726
58,800
498
1%
99 - Transfers Out
202-3006-99900 Transfers Out 341,285 0 1,963,460 51,203 0 (1,963,460) -100%
99 - Transfers Out Totals: 341,285 0 1,963,460 51,203 0 (1,963,460) -100%
3006 - Museum Totals: 703,229 418,352 21 2,381,812 293,065 552,900 (1,828,912)3 -77%
CITY OF LA QUINTA LIBRARY & MUSEUM FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. 0/b Change
Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget
3009 - MakerSpace Operations
60 - Contract Services
202-3009-60105 Makerspace Operations 182,212 191,200 191,200 86,277 I 197,000 5,800 3%
202-3009-60122 Credit Card Fees 0 1,000 1,000 0 1,000 0 0%
60 - Contract Services Totals: 182,212 192,200 192,200 86,277 198,000 5,800 3%
62 - Maintenance & Operations
202-3009-60420 Operating Supplies 0 10,000 10,000 1,305 10,000 0 0%
62 - Maintenance & Operations Totals: 0 10,000 10,000 1,305 10,000 0 00/0
65 - Repair & Maintenance
202-3009-60691 Maintenance/Services 2,988 6,000 6,000 5,421 6,000 0 0%
65 - Repair & Maintenance Totals: 2,988 6,000 6,000 5,421 6,000 0 00/0
68 - Capital Expenses
202-3009-80100 Machinery & Equipment 0 0 0 0 5,000 5,000 0%
68 - Capital Expenses Totals: 0 0 0 0 5,000 5,000 00/0
3009 - MakerSpace Operations Totals: 185,200 208,200 208,200 93,003 219,000 10,800 50/0
202 - LIBRARY & MUSEUM FUND Totals: 2,677,198 3,149,391 5,187,851 1,296,565 3,346,300 (1,841,551) -35%
22 54
CITY OF LA QUINTA LIBRARY & MUSEUM FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET
Fund: 202 - LIBRARY & MUSEUM FUND
202-3004-50101 PermanenqolW"'
202-3004-60112
202-3004-60114
202-3004-72110
202-3006-60112
Full Time 60,300
20% - Community Services Deputy Director (40% Community Services Administration
40% Wellness Center)
20% - Senior Management Analyst (80% Community Services Administration)
Landscape Contract 36,000
Contract for landscaping of Library facility
County of Riverside - Library
1,683,600
Library services and programs are contracted with the County of Riverside through
June 30, 2029
Building Improvements 150,000
For planned updating of facility and general maintenance of facility
Landscape Contract 22,500
Contract for landscaping of Museum facility
23 55
CITY OF LA QUINTA
GAS TAX FUND EXPENSE DETAIL
FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
201 - GAS TAX FUND
7003 - Streets-
Traffic
50 - Salaries and
Benefits
201-7003-50101
Permanent Full Time
357,314
564,900
564,900
491,173
599,700
34,800
6%
201-7003-50105
Salaries - Overtime
15,065
2,500
2,500
1,174
2,500
0
0%
201-7003-50106
Standby
9,717
10,000
10,000
10,267
10,000
0
0%
201-7003-50107
Standby Overtime
14,694
20,000
20,000
10,044
20,000
0
0%
201-7003-50150
Other Compensation
457
480
480
0
500
20
4%
201-7003-50200
PERS-City Portion
38,098
56,500
56,500
45,094
56,500
0
0%
201-7003-50215
Other Fringe Benefits
5,296
10,400
10,400
6,837
10,400
0
0%
201-7003-50221
Medical Insurance
121,386
221,200
221,200
138,360
180,800
(40,400)
-18%
201-7003-50222
Vision Insurance
1,442
0
0
1,579
2,300
2,300
0%
201-7003-50223
Dental Insurance
6,821
0
0
6,240
9,400
9,400
0%
201-7003-50224
Life Insurance
346
0
0
504
600
600
0%
201-7003-50225
Long Term Disability
2,673
3,600
3,600
3,787
4,400
800
22%
201-7003-50230
Workers Comp Insurance
38,100
37,800
37,800
28,350
41,200
3,400
9%
201-7003-50240
Social Security -Medicare
6,458
9,000
9,000
7,521
9,000
0
00/0
201-7003-50251
Temporary
44,091
52,100
52,100
0
0
(52,100)
-100%
50 - Salaries and Benefits Totals:
661,957
988,480
988,480
750,931
947,300
(41,180)
-40/o
60 - Contract Services
201-7003-60103 Professional Services
201-7003-60141 Street Striping
60 - Contract Services Totals
62 - Maintenance & Operations
201-7003-60320
Travel & Training
201-7003-60427
Safety Gear
201-7003-60428
Barricades
201-7003-60429
Traffic Control Signs
201-7003-60430
Asphalt
201-7003-60431
Materials/Supplies
201-7003-60433
Paint/Legends
201-7003-60672
Storm Drains
201-7003-60690
Uniforms
62 - Maintenance & Operations Totals
10,020 3,300 3,300 3,500
3,200 20,000 20,000 0
3,300 0 0%
0,000 0 0%
13,220 23,300 23,300 3,500 23,300 0 00/0
59
500
500
0
500
0
0%
5,817
10,000
10,000
7,752
10,000
0
0%
5,610
5,000
5,000
7,819
5,000
0
0%
105,560
50,000
50,000
59,344
50,000
0
0%
20,140
15,000
15,000
6,216
15,000
0
0%
5,655
40,000
40,000
11,577
40,000
0
0%
8,006
8,500
8,500
14,011
20,000
11,500
135%
1,958
5,000
5,000
2,063
5,000
0
0%
6,607
10,000
10,000
5,457
10,000
0
0%
159,412 144,000 144,000 114,239 155,500 11,500 80/0
66 - Utilities
201-7003-61101 Electricity - Utilities 12,070 9,000 9,000 10,262 9,000 0 0%
66 - Utilities Totals: 12,070 9,000 9,000 10,262 9,000 0 00/0
68 - Capital Expenses
201-7003-61701 Equipment Rental
1,989
5,000
5,000
1,448
5,000
0 0%
201-7003-72111 Road Improvements
81,444
0
0
0
0
0 0%
201-7003-80100 Machinery & Equipment
10,767
200,000
200,000
19,888
200,000
0 0%
68 - Capital Expenses Totals:
94,200
205,000
205,000
21,335
205,000
0 00/0
24 56
CITY OF LA QUINTA GAS TAX FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
69 - Internal Service Charges
201-7003-98110 Information Tech Charges
239,200
311,600
311,600
233,700
I
188,500
(123,100)
-40%
201-7003-98140 Facility & Fleet Maintenance
526,500
536,800
536,800
402,600
535,100
(1,700)
0%
69 - Internal Service Charges Totals:
765,700
848,400
848,400
636,300
723,600
(124,800)
-150/0
99 - Transfers Out
201-7003-99900 Transfers Out 972,945 1,006,705 3,151,688 943,026 1,000,000 (2,151,688) -68%
99 - Transfers Out Totals: 972,945 1,006,705 3,151,688 943,026 1,000,000 (2,151,688) -68%
7003 - Streets- Traffic Totals: 2,679,505 3,224,885 5,369,868 2,479,594 3,063,700 (2,306,168) -43%
201 - GAS TAX FUND Totals: 2,679,505 3,224,885 5,369,868 2,479,594 3,063,700 (2,306,168) -43%
25 57
CITY OF LA QUINTA GAS TAX FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET
Fund: 201 - GAS TAX FUND
201-7003-50101 Permanent
Full Time
599,700
100% - Maintenance & Operations Superintendent
100% - Maintenance & Operations Crew Leader
100% - Senior Maintenance & Operations Worker (2)
100% - Maintenance Worker I (4)
201-7003-60103
Professional Services
3,300
Annual State report and audit requirement
201-7003-60141
Street Striping
20,000
Citywide street striping updates as needed
201-7003-60429
Traffic Control Signs
50,000
Replace street signs as needed and temporary signage for special events
201-7003-60431
Materials/Supplies
40,000
Used to purchase supplies and materials for repairs and maintenance projects that
are generally
completed by City staff
201-7003-99900
Transfers Out
1,000,000
CIP- Citywide Arterial Slurry Seal Improvements
26 58
CITY OF LA QUINTA
LIGHTING & LANDSCAPING EXPENSE DETAIL
FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
215 - LIGHTING & LANDSCAPING FUND
7004 - Lighting
& Landscaping
50 - Salaries and
Benefits
215-7004-50101
Permanent Full Time
196,067
229,600
229,600
200,506
239,700
10,100
4%
215-7004-50105
Salaries - Overtime
15,271
10,000
10,000
4,705
10,000
0
0%
215-7004-50106
Standby
10,802
10,000
10,000
8,111
10,000
0
0%
215-7004-50107
Standby Overtime
49,541
30,000
30,000
28,029
30,000
0
0%
215-7004-50150
Other Compensation
49
0
0
0
1,000
1,000
0%
215-7004-50200
PERS-City Portion
15,606
18,200
18,200
15,600
19,400
1,200
7%
215-7004-50215
Other Fringe Benefits
3,433
3,900
3,900
3,417
3,900
0
0%
215-7004-50221
Medical Insurance
56,819
81,800
81,800
61,570
82,900
1,100
1%
215-7004-50222
Vision Insurance
467
0
0
555
700
700
0%
215-7004-50223
Dental Insurance
2,641
0
0
2,811
3,400
3,400
0%
215-7004-50224
Life Insurance
182
0
0
188
200
200
0%
215-7004-50225
Long Term Disability
1,738
1,500
1,500
1,743
1,800
300
20%
215-7004-50230
Workers Comp Insurance
14,300
14,200
14,200
10,650
18,000
3,800
27%
215-7004-50240
Social Security -Medicare
4,019
3,400
3,400
3,498
2,900
(500)
-15%
215-7004-50251
Temporary
4,536
0
0
0
0
0
0%
50 - Salaries and Benefits Totals:
375,471
402,600
402,600
341,385
423,900
21,300
5%
60 - Contract Services
215-7004-60102 Administration
14,847
15,500
15,500
14,033
15,500
0
0%
215-7004-60104 Consultants
79,927
84,000
84,000
68,271
84,500
500
1%
215-7004-60112 Landscape Contract
1,557,354
1,645,500
1,645,500
1,330,832
1,645,000
(500)
0%
215-7004-60143 SilverRock Way Landscape
68,052
87,000
87,000
58,128
95,500
8,500
10%
60 - Contract Services Totals:
1,720,181
1,832,000
1,832,000
1,471,264
1,840,500
8,500
0%
62 - Maintenance & Operations
215-7004-60320
Travel & Training
7,202
4,500
4,500
4,785
215-7004-60420
Operating Supplies
3,516
15,000
15,000
7,673
215-7004-60423
Supplies -Graffiti and Vandalism
14,008
10,000
10,000
0
215-7004-60427
Safety Gear
1,582
3,000
3,000
1,567
215-7004-60431
Materials/Supplies
574,321
550,000
550,000
273,269
215-7004-60432
Tools/Equipment
5,626
4,000
4,000
585
215-7004-60673
Tree Maintenance/Palm Trees
250,071
60,000
560,000
16,750
5,000
500
110/0
15,000
0
00/0
10,000
0
00/0
3,000
0
0%
550,000
0
00/0
4,000
0
0%
50,000
(510,000)
-910/0
215-7004-60690 Uniforms 1,499 3,500 3,500 609 I 3,500 0 0%
215-7004-60691 Maintenance/Services 453,832 400,000 400,000 283,505 400,000 0 00/0
62 - Maintenance & Operations Totals: 1,311,657 1,050,000 1,550,000 588,743 1,040,500 (509,500) -33%
66 - Utilities
215-7004-61116
215-7004-61117
215-7004-61211
100,742
39,033
275,245
92,000
49,000
250,000
Electric - Utilities
Electric - Medians - Utilities
Water - Medians - Utilities_
66 - Utilities Totals: 415,019 391,000 391,000 329,760 392,000 1,000 0%
92,000
49,000
250,000
85,714
36,674
207,371
92,000 0 00/0
50,000 1,000 2%
250,000 0 00/0
27 59
CITY OF LA QUINTA LIGHTING & LANDSCAPING EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
69 - Internal Service Charges
215-7004-98110 Information Tech Charges
89,700
116,900
116,900
87,675 I
82,500
(34,400)
-29%
215-7004-98140 Facility & Fleet Maintenance
60,800
62,000
62,000
46,500
61,800
(200)
0%
69 - Internal Service Charges Totals:
150,500
178,900
178,900
134,175
144,300
(34,600)
-190/0
7004 - Lighting & Landscaping Totals: 3,972,828 3,854,500 4,354,500 2,865,327 3,841,200 (513,300) -12%
215- LIGHTING & LANDSCAPING FUND Totals: 3,972,828 3,854,500 4,354,500 2,865,327 3,841,200 (513,300) -12%
28 60
CITY OF LA QUINTA LIGHTING & LANDSCAPING FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET
Fund: 215 - LIGHTING & LANDSCAPING FUND 215-7004-50101
Permanent Full Time 239,700
50% - Maintenance & Operations Superintendent (50% Parks Maintenance)
50% - Maintenance & Operations Crew Leader (50% Parks Maintenance)
50% - Senior Maintenance & Operations Worker (50% Parks Maintenance)
50% - Maintenance & Operations Worker (3) (50% Parks Maintenance)
215-7004-60102 Administration 15,500
Annual required report for LLD
215-7004-60104 _ Consultants 84,500
Lighting contract
215-7004-60112 �Vandscape Contract 1,645,000
Contract for citywide landscape, medians, and lighting element
215-7004-60320 Travel & Training 5,000
Safety training
215-7004-60431 Materials/Supplies 550,000
Continued median landscape improvements and turf removal approved as part of the 5-
year CIP Program
215-7004-60432 Tools/Equipment 4,000
Used for all tools and equipment (other than capital
expenditures) including small hand tools and/or power tools
such as drills, blowers, saws, etc.
29
61
CITY OF LA QUINTA
HOUSING AUTHORITY EXPENSE DETAILS
FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
241 - HOUSING AUTHORITY
9101 - Housing Authority - Admin
50 - Salaries and Benefits
241-9101-50101 Permanent Full Time
340,726
352,600
352,600
322,144
322,100
(30,500)
-9%
241-9101-50105 Salaries - Overtime
111
0
0
0
0
0
0%
241-9101-50110 Commissions & Boards
600
1,800
1,800
450
1,800
0
0%
241-9101-50150 Other Compensation
144
200
200
189
500
300
150%
241-9101-50200 PERS-City Portion
30,445
32,500
32,500
28,421
33,300
800
2%
241-9101-50215 Other Fringe Benefits
9,372
9,380
9,380
19,691
15,900
6,520
70%
241-9101-50221 Medical Insurance
53,791
70,900
70,900
49,145
55,400
(15,500)
-22%
241-9101-50222 Vision Insurance
465
0
0
429
400
400
0%
241-9101-50223 Dental Insurance
2,581
0
0
2,230
2,000
2,000
0%
241-9101-50224 Life Insurance
185
0
0
166
200
200
0%
241-9101-50225 Long Term Disability
2,117
2,300
2,300
2,090
2,400
100
4%
241-9101-50230 Workers Comp Insurance
12,400
12,300
12,300
9,225
11,400
(900)
-7%
241-9101-50240 Social Security -Medicare
4,951
5,200
5,200
4,678
4,800
(400)
-80/o
241-9101-50241 Social Security -FICA
82
0
0
58
0
0
00/0
50 - Salaries and Benefits Totals:
457,971
487,180
487,180
438,914
450,200
(36,980)
-80/0
60 - Contract Services
241-9101-60103 Professional Services
241-9101-60106 Auditors
241-9101-60153 Attorney
60 - Contract Services Totals
103,597 110,000 110,000 94,287 I 160,000 50,000 45%
5,000 5,000 5,000 5,000 5,000 0 00/0
50,085 25,000 25,000 30,042 25,000 0 00/0
158,682 140,000 140,000 129,329 190,000 50,000 36%
62 - Maintenance & Operations
241-9101-60320 Travel & Training 688 1,000 1,000 78 1,000 (1,000) I 1,000 0 0%
241-9101-60420 Operating Supplies 1,166 2,000 2,000 31-50%
62 - Maintenance & Operations Totals: 1,854 3,000 3,000 397 2,000 (1,000) -33%
69 - Internal Service Charges
241-9101-91843 Property & Crime Insurance
9,300
9,600
9,600
7,200
9,700
100
1%
241-9101-91844 Earthquake Insurance
18,475
18,453
18,453
13,840
18,600
147
1%
241-9101-98110 Information Tech Charges
77,800
101,300
101,300
75,975
51,900
(49,400)
-49%
69 - Internal Service Charges Totals:
105,575
129,353
129,353
97,015
80,200
(49,153)
-38%
99 - Transfers Out
241-9101-99900 Transfers Out 0 0 0 0 I 1,000,000 1,000,000 0%
99 - Transfers Out Totals: 0 0 0 0 1,000,000 1,000,000 0%
9101 - Housing Authority - Admin Totals: 724,081 759,533 759,533 665,654 1,722,400 962,867 127%
9103 - Housing Authority - LQRP
62 - Maintenance & Operations
241-9103-60157 Rental Expenses 272,295 350,000 350,000 238,437 350,000 0 0%
62 - Maintenance & Operations Totals: 272,295 350,000 350,000 238,437 350,000 0 00/0
9103 - Housing Authority - LQRP Totals: 272,295 350,000 350,000 238,437 350,000 0 00/0
30 62
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE DETAILS FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
9104 - Dune Palms Mobile Estates
60 - Contract Services
241-9104-60103 Professional Services
115,349
100,000
100,000
74,661
210,000
110,000
110%
241-9104-60157 Rental Expense
417,253
400,000
400,000
294,454
400,000
0
0%
241-9104-60159 Relocation/Temp Housinc
2,381
0
0
0
0
0
0%
60 - Contract Services Totals:
534,984
500,000
500,000
369,115
610,000
110,000
22%
65 - Repair & Maintenance
241-9104-60691 Maintenance/Services 0 0 0 4,779 0 0 0%
65 - Repair & Maintenance Totals: 0 0 0 4,779 0 0 00/0
68 - Capital Expenses
241-9104-72110 Building/Site Improvements 32,285 100,000 517,700 12,285 100,000 (417,700) -81%
68 - Capital Expenses Totals: 32,285 100,000 517,700 12,285 100,000 (417,700) -81%
104 - Dune Palms Mobile Estates Totals: 567,269 600,000 1,017,700 386,179 710,000 (307,700) -30%
241 - HOUSING AUTHORITY Totals: 1,563,645 1,709,533 2,127,233 1,290,270 2,782,400 655,167 31%
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.
31 63
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE DETAILS FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
243 - RDA LOW -MOD HOUSING FUND
0000 - Undesignated
64 - Other Expenses
243-0000-60532 Homelessness Assistance
301,600
325,000
374,200
375,000
375,000
800
0%
64 - Other Expenses Totals:
301,600
325,000
374,200
375,000
375,000
800
0%
0000 - Undesignated Totals: 301,600 325,000 374,200 375,000 375,000 800 0%
243 - RDA LOW -MOD HOUSING FUND Totals: 301,600 325,000 374,200 375,000 375,000 800 00/0
243 RDA Low -Mod Housing Fund: The 2026/27 former Redevelopment Agency loan repayment of $729,490 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.
32 64
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE DETAILS FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
249 - SA 2011 LOW/MOD BOND FUND
0000 - Undesignated
68 - Capital Expenses
249-0000-80050 Affordable Housing Projects
746,407
150,000
150,000
0
150,000
0
0%
68 - Capital Expenses Totals:
746,407
150,000
150,000
0
150,000
0
00/0
0000 - Undesignated Totals: 746,407 150,000 150,000 0 150,000 0 00/0
249 SA 2011 LOW/MOD BOND FUND Totals: 746,407 150,000 150,000 0 150,000 0 00/0
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 2026/27, the budget
will be used for investment in design and development of projects.
33 65
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE NOTES FY 2026/27 PROPOSED BUDGET
Fund: 241 - HOUSING AUTHORITY
241-9101-50101 Permanent Full Time
241-9101-60103
322,100
20% - City Manager (80% City Manager)
10% - Finance Director (90% Finance)
10% - City Clerk Director (90% City Clerk)
40% - Director- Business Unit & Housing Development (60% City Manager)
60% - Sr. Management Analyst (40% Information Technology Fund)
60% - Management Specialist (40% City Manager)
80% - Administrative Technician (20% City Manager)
Professional Services
160,000
Funding for housing compliance services, regulatory filings, and related County
recorder fees.
241-9101-60320 Travel & Training 1,000
For housing related training and staff development
241-9103-60157 Rental Expenses 350,000
Expenses associated with 28 homes owned by the Authority which are located
in the La Quinta Cove
241-9104-60103 Professional Services 210,000
For residential property management services at Dune Palms Mobile Estates
241-9104-60157 Rental Expense 400,000
Expenses associated with 102 units owned by the Authority which are located
in North La Quinta
34 66
CITY OF LA QUINTA FINANCE AUTHORITY EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
310 - LQ FINANCE AUTHORITY DEBT SERVICE
0000 - Undesignated
60 - Contract Services
310-0000-60181 Contract Services Fees
750
1,000
1,000
750
1,000
0
0%
60 - Contract Services Totals:
750
1,000
1,000
750
1,000
0
0%
0000 - Undesignated Totals: 750 1,000 1,000 750 1,000 0 0%
310- LQ FI NANCE AUTHORITY DEBT SERVICE Totals: 750 1,000 1,000 750 1,000 0 0%
Contract Services fee: Annual State Controller's report and audit requirement
35 67
CITY OF LA QUINTA
SILVERROCK RESORT FUND EXPENSE DETAIL
FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
601 - SILVERROCK RESORT
0000 - Undesignated
60 - Contract Services
601-0000-60200
Cart Barn/Range
566,372
622,000
622,000
445,154
630,000
8,000
1%
601-0000-60201
Golf Shop
417,514
420,000
420,000
333,136
427,000
7,000
2%
601-0000-60203
Maintenance
3,813,385
2,540,000
2,540,000
1,912,111
2,584,000
44,000
2%
601-0000-60205
General & Administrative
473,554
563,000
563,000
454,791
593,000
30,000
5%
601-0000-60206
Marketing
133,910
173,000
173,000
125,156
175,000
2,000
1%
601-0000-60207
Temporary Club House
152,246
172,000
172,000
123,999
175,000
3,000
2%
601-0000-60208
Management Fee
125,807
144,000
144,000
107,509
151,000
7,000
5%
601-0000-60209
Insurance
86,892
91,000
91,000
80,092
91,000
0
0%
601-0000-60210
Property Tax
5,455
6,000
6,000
5,455
6,000
0
0%
601-0000-60211
Rental Payment
240,221
354,000
354,000
266,076
354,000
0
0%
601-0000-60213
Interest Payment
2,821
0
0
0
0
0
0%
601-0000-60217
Food & Beverage
171,555
40,000
40,000
0
72,000
32,000
80%
60 - Contract
Services Totals:
6,189,732
5,125,000
5,125,000
3,853,479
5,258,000
133,000
3%
62 - Maintenance & Operations
601-0000-60214 Equipment Repairs
0
5,000
5,000
0
5,000
0 0%
601-0000-60455 Bank Fees
143,464
150,000
150,000
135,619
150,000
0 0%
601-0000-60660 Repair & Maintenance
41,800
150,000
150,000
57,840
150,000
0 00/0
62 - Maintenance & Operations Totals:
185,263
305,000
305,000
193,459
305,000
0 00/0
65 - Repair & Maintenance
601-0000-60667 HVAC 0 0 0 0 I 50,000 50,000 0%
65 - Repair & Maintenance Totals: 0 0 0 0 50,000 50,000 00/0
68 - Capital Expenses
601-0000-71030 Vehicles
601-0000-71122 Depreciation Expense - CS
601-0000-72011 Depreciation Expense
68 - Capital Expenses Totals: 510,346 0 0 0 0 0 O%
2,790 0 0 0 0 0 0%
241,729 0 0 0 0 0 0%
265,828 0 0 0 0 0 0%
99 - Transfers Out
601-0000-99900 Transfers Out 88,000 87,000 87,000 87,000 93,000 6,000 7%
99 - Transfers Out Totals: 88,000 87,000 87,000 87,000 93,000 6,000 7%
0000 - Undesignated Totals: 6,973,342 5,517,000 5,517,000 4,133,938 5,706,000 189,000 3%
601 - SILVERROCK RESORT Totals: 6,973,342 5,517,000 5,517,000 4,133,938 5,706,000 189,000 3%
36 68
CITY OF LA QUINTA SILVERROCK RESORT FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
602 - SILVERROCK GOLF RESERVE
0000 - Undesignated
99 - Transfers Out
602-0000-99900 Transfers Out
350,000
0
0
0 I
0
0
0%
99 - Transfers Out Totals:
350,000
0
0
0
0
0
0%
0000 - Undesignated Totals: 350,000 0 0 0 0 0 0%
602 - SILVERROCK GOLF RESERVE Totals: 350,000 0 0 0 0 0 0%
37 69
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
105 - DISASTER RECOVERY FUND
0000 - Undesignated
99 - Transfers Out
105-0000-99900 Transfers Out
4,993,504
4,993,504
4,993,504
4,993,504
0
(4,993,504)
-100%
99 - Transfers Out Totals:
4,993,504
4,993,504
4,993,504
4,993,504
0
(4,993,504)
-100%
0000 - Undesignated Totals: 4,993,504 4,993,504 4,993,504 4,993,504 0 (4,993,504) -100%
105 - DISASTER RECOVERY FUND Totals: 4,993,504 4,993,504 4,993,504 4,993,504 0 (4,993,504) -100%
38 70
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
210 - FEDERAL ASSISTANCE FUND
0000 - Undesignated
60 - Contract Services
210-0000-60135 CDBG Public Service Grants
23,500
24,000
24,000
0
23,600
(400)
-2%
60 - Contract Services Totals:
23,500
24,000
24,000
0
23,600
(400)
-2%
99 - Transfers Out
210-0000-99900 Transfers Out 0 136,000 289,933 138,248 157,200 (132,733) -46%
99 - Transfers Out Totals: 0 136,000 289,933 138,248 157,200 (132,733) -46%
0000 - Undesignated Totals: 23,500 160,000 313,933 138,248 180,800 (133,133) -42%
210 - FEDERAL ASSISTANCE FUND Totals: 23,500 160,000 313,933 138,248 180,800 (133,133) -42%
39 71
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
212 - SLESA (COPS) FUND
0000 - Undesignated
60 - Contract Services
212-0000-60178 COPS Robbery Prevention
8,200
10,000
10,000
154 I
10,000
0
0%
212-0000-60179 COPS Burglary/Theft Prevention
85,144
90,000
90,000
79,253
90,000
0
0%
60 - Contract Services Totals:
93,344
100,000
100,000
79,406
100,000
0
0%
0000 - Undesignated Totals: 93,344 100,000 100,000 79,406 100,000 0 0%
212 - SLESA (COPS) FUND Totals: 93,344 100,000 100,000 79,406 100,000 0 0%
40 72
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
221 - AB 939 - CALRECYCLE FUND
0000 - Undesignated
60 - Contract Services
221-0000-60127 AB 939 Recycling Solutions
99,798
205,000
205,000
91,206
200,000
(5,000)
-2%
60 - Contract Services Totals:
99,798
205,000
205,000
91,206
200,000
(5,000)
-2%
0000 - Undesignated Totals: 99,798 205,000 205,000 91,206 200,000 (5,000) -2%
221 - AB 939 - CALRECYCLE FUND Totals: 99,798 205,000 205,000 91,206 200,000 (5,000) -2%
41 73
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
223 - MEASURE A FUND
0000 - Undesignated
64 - Other Expenses
223-0000-60510 Signal Knockdowns, Contingency
0
0
0
27,783
0
0
0%
64 - Other Expenses Totals:
0
0
0
27,783
0
0
00/0
99 - Transfers Out
223-0000-99900 Transfers Out 430,042 1,124,132 4,834,348 694,556 1,790,730 (3,043,618) -63%
99 - Transfers Out Totals: 430,042 1,124,132 4,834,348 694,556 1,790,730 (3,043,618) -63%
0000 - Undesignated Totals: 430,042 1,124,132 4,834,348 722,339 1,790,730 (3,043,618) -63%
223 - MEASURE A FUND Totals: 430,042 1,124,132 4,834,348 722,339 1,790,730 (3,043,618) -63%
42 74
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25 2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)
0000 - Undesignated
62 - Maintenance & Operations
226-0000-60432 Tools/Equipment
11,373 10,000
10,000
10,335
11,000
1,000
10%
62 - Maintenance & Operations Totals:
11,373 10,000
10,000
10,335
11,000
1,000
100/0
0000 - Undesignated Totals: 11,373 10,000 10,000 10,335 11,000 1,000 100/0
226- EMERGENCY MANAGEMENT PERFORMANCE 11,373 10,000 10,000 10,335 11,000 1,000 100/0
GRANT (EMPG) Totals:
43 75
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)
0000 - Undesignated
60 - Contract Services
227-0000-60320 Travel & Training
8,024
5,000
5,000
4,497
7,000
2,000
40%
60 - Contract Services Totals:
8,024
5,000
5,000
4,497
7,000
2,000
40%
0000 - Undesignated Totals: 8,024 5,000 5,000 4,497 7,000 2,000 40%
227- STATE HOMELAND SECURITY 8,024 5,000 5,000 4,497 7,000 2,000 40%
PROGRAMS (SHSP) Totals:
44 76
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
230 - CASp FUND, AB 1379
0000 - Undesignated
60 - Contract Services
230-0000-60320 Travel & Training
0
2,500
2,500
0
2,500
0
0%
60 - Contract Services Totals:
0
2,500
2,500
0
2,500
0
0%
64 - Other Expenses
230-0000-60480 Contributions to State Agencies 1,696 2,000 2,000 1,418 2,000 0 0%
64 - Other Expenses Totals: 1,696 2,000 2,000 1,418 2,000 0 0%
68 - Capital Expenses
230-0000-90020 Service & Supply 0 1,000 1,000 0 1,000 0 0%
68 - Capital Expenses Totals: 0 1,000 1,000 0 1,000 0 0%
0000 - Undesignated Totals: 1,696 5,500 5,500 1,418 5,500 0 0%
230 - CASp FUND, AB 1379 Totals: 1,696 5,500 5,500 1,418 5,500 0 0%
45 77
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
235 - SO COAST AIR QUALITY FUND
0000 - Undesignated
60 - Contract Services
235-0000-60186 CVAG
38,358
40,000
40,000
9,907 I
40,000
0
0%
60 - Contract Services Totals:
38,358
40,000
40,000
9,907
40,000
0
0%
66 - Utilities
235-0000-61101 Electricity - Utilities 4,203 0 0 0 I 0 0 0%
66 - Utilities Totals: 4,203 0 0 0 0 0 0%
0000 - Undesignated Totals: 42,561 40,000 40,000 9,907 40,000 0 0%
235 - SO COAST AIR QUALITY FUND Totals: 42,561 40,000 40,000 9,907 40,000 0 0%
46 78
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
247 - ECONOMIC DEVELOPMENT FUND
0000 - Undesignated
60 - Contract Services
247-0000-60320 Travel & Training
3,010
6,500
6,500
85 I
6,000
(500)
-8%
247-0000-60351 Membership Dues
1,650
5,000
5,000
0
5,000
0
0%
60 - Contract Services Totals:
4.660
11.500
11.500
85
11.000
15001
-4%
64 - Other Expenses
247-0000-60461 Marketing & Tourism Promotions 11,354 20,000 20,000 9,690 20,000 0 0%
64 - Other Expenses Totals: 11,354 20,000 20,000 9,690 20,000 0 0%
0000 - Undesignated Totals: 16,014 31,500 31,500 9,775 31,000 (500) -2%
247 - ECONOMIC DEVELOPMENT FUND Totals: 16,014 31,500 31,500 9,775 31,000 (500) -2%
47 79
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
250 - TRANSPORTATION DIF FUND
0000 - Undesignated
68 - Capital Expenses
250-0000-80105 Developer Reimbursements
400,000
400,000
400,000
400,000
939,700
539,700
135%
68 - Capital Expenses Totals:
400,000
400,000
400,000
400,000
939,700
539,700
135%
99 - Transfers Out
250-0000-99900 Transfers Out 38,968 579,109 2,977,883 120,298 500,000 (2,477,883) -83%
99 - Transfers Out Totals: 38,968 579,109 2,977,883 120,298 500,000 (2,477,883) -83%
0000 - Undesignated Totals: 438,968 979,109 3,377,883 520,298 1,439,700 (1,938,183) -57%
250 - TRANSPORTATION DIF FUND Totals: 438,968 979,109 3,377,883 520,298 1,439,700 (1,938,183) -57%
48 80
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
251 - PARKS & REC DIF FUND
0000 - Undesignated
99 - Transfers Out
251-0000-99900 Transfers Out
194,665
0
648,950
0
0
(648,950)
-100%
99 - Transfers Out Totals:
194,665
0
648,950
0
0
(648,950)
-100%
0000 - Undesignated Totals: 194,665 0 648,950 0 0 (648,950) -100%
251 - PARKS & REC DIF FUND Totals: 194,665 0 648,950 0 0 (648,950) -100%
49 81
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
252 - CIVIC CENTER DIF FUND
0000 - Undesignated
99 - Transfers Out
252-0000-99900 Transfers Out
0
0
249,925
0 I
0
(249,925)
-100%
99 - Transfers Out Totals:
0
0
249,925
0
0
(249,925)
-100%
0000 - Undesignated Totals: 0 0 249,925 0 0 (249,925) -100%
252 - CIVIC CENTER DIF FUND Totals: 0 0 249,925 0 0 (249,925) -100%
50 82
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
253 - LIBRARY DEVELOPMENT DIF
0000 - Undesignated
68 - Capital Expenses
253-0000-83500 Advance Interest Expense
23,423
15,000
15,000
25,467
22,000
7,000
47%
68 - Capital Expenses Totals:
23,423
15,000
15,000
25,467
22,000
7,000
47%
0000 - Undesignated Totals: 23,423 15,000 15,000 25,467 22,000 7,000 47%
253 - LIBRARY DEVELOPMENT DIF Totals: 23,423 15,000 15,000 25,467 22,000 7,000 47%
51 83
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
254 - COMMUNITY & CULTURAL CENTERS DIF
0000 - Undesignated
99 - Transfers Out
254-0000-99900 Transfers Out
314,647
482,561
792,914
0
0
(792,914)
-100%
99 - Transfers Out Totals:
314,647
482,561
792,914
0
0
(792,914)
-1000/0
0000 - Undesignated Totals: 314,647 482,561 792,914 0 0 (792,914) -1000/0
254- COMMUNITY & CULTURAL 314,647 482,561 792,914 0 0 (792,914) -1000/0
CENTERS DIF Totals:
52 84
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
259 - MAINTENANCE FACILITIES DIF FUND
0000 - Undesignated
99 - Transfers Out
259-0000-99900 Transfers Out
280,000
362,526
362,526
331,896
0
(362,526)
-100%
99 - Transfers Out Totals:
280,000
362,526
362,526
331,896
0
(362,526)
-1000/0
0000 - Undesignated Totals: 280,000 362,526 362,526 331,896 0 (362,526) -1000/0
259- MAINTENANCE FACILITIES DIF FUND Totals: 280,000 362,526 362,526 331,896 0 (362,526) -1000/0
53 85
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
270 - ART IN PUBLIC PLACES FUND
0000 - Undesignated
64 - Other Expenses
270-0000-60482 Operating Supplies
966
8,000
8,000
490
10,000
2,000
25%
64 - Other Expenses Totals:
966
8,000
8,000
490
10,000
2,000
25%
65 - Repair & Maintenance
270-0000-60683 APP Maintenance & Display 77,012 75,000 75,000 63,641 95,000 20,000 270/b
65 - Repair & Maintenance Totals: 77,012 75,000 75,000 63,641 95,000 20,000 27%
68 - Capital Expenses
270-0000-74800 Art Purchases 43,900 150,000 150,000 43,900 150,000 0 0%
68 - Capital Expenses Totals: 43,900 150,000 150,000 43,900 150,000 0 0%
99 - Transfers Out
270-0000-99900 Transfers Out 52,547 0 456,252 0 0 (456,252) -100%
99 - Transfers Out Totals: 52,547 0 456,252 0 0 (456,252) -1000/0
0000 - Undesignated Totals: 174,424 233,000 689,252 108,031 255,000 (434,252) -63%
270 - ART IN PUBLIC PLACES FUND Totals: 174,424 233,000 689,252 108,031 255,000 (434,252) -63%
54 86
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
760 - SUPPLEMENTAL PENSION PLAN
0000 - Undesignated
50 - Salaries and Benefits
760-0000-50199 Annual PARS Contribution
12,833
12,850
12,850
12,833
12,900
50
0%
50 - Salaries and Benefits Totals:
12,833
12,850
12,850
12,833
12,900
50
00/0
0000 - Undesignated Totals: 12,833 12,850 12,850 12,833 12,900 50 00/0
760 - SUPPLEMENTAL PENSION PLAN Totals: 12,833 12,850 12,850 12,833 12,900 50 00/0
55 87
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
761 - CERBT OPEB TRUST
0000 - Undesignated
60 - Contract Services
761-0000-60102 Administration
1,555
1,500
1,500
1,230
1,500
0
0%
60 - Contract Services Totals:
1,555
1,500
1,500
1,230
1,500
0
0%
0000 - Undesignated Totals: 1,555 1,500 1,500 1,230 1,500 0 0%
761 - CERBT OPEB TRUST Totals: 1,555 1,500 1,500 1,230 1,500 0 0%
56 88
CITY OF LA QUINTA SPECIAL FUND EXPENSE DETAIL FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
% Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
762 - PARS PENSION TRUST
0000 - Undesignated
60 - Contract Services
762-0000-60102 Administration
34,063
30,000
30,000
27,467
30,000
0
0%
60 - Contract Services Totals:
34,063
30,000
30,000
27,467
30,000
0
0%
0000 - Undesignated Totals: 34,063 30,000 30,000 27,467 30,000 0 0%
762 - PARS PENSION TRUST Totals: 34,063 30,000 30,000 27,467 30,000 0 0%
57 89
CITY OF LA QUINTA SPECIAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET
EXPENSE NOTES BY FUND NUMBER
201 Gas Tax Fund Transfers Out for Capital Improvement Project (CIP) — Citywide Arterial
Slurry Seal Improvements of $1,000,000.
203 Public Safety Fund There are no transfers out for CIP proposed for FY 2026/27.
210 Federal Assistance Fund Transfers Out for CIP — City Hall miscellaneous interior ADA
improvements. This is a continuation of implementing ADA improvements at City parks,
buildings, intersection curb ramps and sidewalks based upon the City's ADA Transition Plan
Report. Expenses include the Boys and Girls Club Fee Waiver Reduction Program (CDBG) in
the amount of $24,000.
212 Federal Assistance Fund There are no changes for expenditures from FY 2025/26,
expenses include COPS robbery and burglary/theft prevention.
220 Quimby Fund does not have CIP funding allocated in FY 2026/27.
221 AB 939 CalRecycle Fund is used for recycling solutions at schools & City parks.
223 Measure A Fund Transfers Out for CIP — Citywide traffic signal maintenance
improvements of $235,000; Miles Avenue Pavement Rehabilitation of $250,000; Avenue 47
Pavement Rehabilitation of $900,000; and Frances Hack Lane Pavement Rehabilitation of
$405,730.
225 Infrastructure Fund is a Development Impact Fee Fund used for capital improvements. No
additional projects are anticipated in FY 2026/27.
226 Emergency Management Performance Grant (EMPG) Fund expenses are for
emergency operations center (EOC).
227 State Homeland Security Programs (SHSP) Fund expenses utilize State grant funds to
provide Community Emergency Response Team (CERT) training and emergency preparedness
education to residents and businesses within the City.
230 CASp, AB 1379 Fund expenses are for training for Americans with Disability guidelines
and a pass -through payment of 10% to the State Architect Office based a $4 per business
license tax.
235 South Coast Air Quality Fund expenses are for an agreement between CVAG and
member jurisdictions which contribute 100% of AB2766 South Coast Air Quality Management
District (AQMD) revenues.
247 Economic Development Fund There are no transfers out for CIP proposed for FY
2026/27. Expenses are for general economic development activities.
250 Transportation DIF Fund Transfers Out are for CIP — Corporate Centre Drive Gap Closure
project of $500,000 and the existing developer impact fee reimbursement agreement of
$939,723. The proposed funding expedites the remaining reimbursement payments and will
allow the City to complete all remaining payments in 2026/27.
58 90
CITY OF LA QUINTA SPECIAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET
251 Parks & Rec DIF Fund is a Development Impact Fee Fund used for capital improvements.
No additional projects are anticipated in FY 2026/27.
252 Civic Center DIF Fund is a Development Impact Fee Fund used for capital improvements.
No additional projects are anticipated in FY 2026/27.
253 Library Development DIF Fund Advance Interest Expense is for outstanding Successor
Agency loan repayment.
254 Community & Cultural Centers DIF Fund is a Development Impact Fee Fund used for
capital improvements. No additional projects are anticipated in FY 2026/27.
255, 256, and 257, and 259 Development Impact Fee Funds are used for capital
improvements. No additional projects are anticipated in FY 2026/27.
270 Art in Public Places Fund (APP) covers the maintenance contract, updated inventory of all
art in public places, internal city inspections and engineering services for new art installations.
405 SA PA 1 Capital Improvement Fund Bond proceeds designated for SilverRock Way
improvements.
760 Supplemental Pension Plan Fund — The Supplemental Pension Savings Plan is a defined
contribution pension plan established by the City to provide retirement excess benefits to general
employees of the City. Annual PARS Trust contributions are currently for one plan member as
established in 2012.
761 CERBT Other Post Employment Benefit (OPEB) Trust Fund— The City participates in the
California Employers' Retiree Benefit Trust (CERBT) for the purpose of accumulating funding for
OPEB obligations. The CERBT is a multiple employer tax exempt trust organized under Section
115 of the Internal Revenue Code for those electing to prefund OPEB obligations. Expenses in
this fund can come from losses on the portfolio and fees paid to administer the portfolio.
762 PARS Pension Trust Fund — In 2019, the City established a Section 115 Trust Agreement
with U.S. Bank National Association and Public Agency Retirement Services (PARS), Trust
Administrator. The Section 115 Trust was established as a means to set aside monies to fund the
City's pension and OPEB obligations. Contributions to the Section 115 Trust are irrevocable, the
assets are dedicated to providing benefits to plan members, and the assets are protected from
creditors of the City. The purpose of the Trust is to address the City's pension obligations by
accumulating assets to reduce the net pension liability. Expenses in this fund can come from
losses on the portfolio and fees paid to administer the portfolio.
59 91
CITY OF LA QUINTA
CAPITAL IMPROVEMENT PROGRAM EXPENSE DETAIL
FY 2026/27 PROPOSED BUDGET
2024/25
2025/26
2025/26
2025/26
2026/27
26/27 vs.
0/b Change
Actuals
Original Budget
Current Budget
YTD Activity*
Proposed Budget
Current 25/26
in Budget
401 - CAPITAL IMPROVEMENT PROGRAMS
0000 - Undesignated
60 - Contract Services
401-0000-60103 Professional Services
544,381
1,443,482
5,427,661
458,389
1,295,696
(4,131,965)
-76%
401-0000-60108 Technical
115,415
1,623,917
5,962,199
317,116
1,457,658
(4,504,541)
-76%
401-0000-60185 Design
1,969,365
1,744,207
6,701,980
1,455,470
1,595,632
(5,106,348)
-76%
401-0000-60188 Construction
15,094,690
17,075,623
60,741,229
19,858,422
15,351,451
(45,389,778)
-75%
60 - Contract Services Totals:
17,723,850
21,887,229
78,833,069
22,089,396
19,700,437
(59,132,632)
-75%
62 - Maintenance & Operations
401-0000-60510 Contingency 0 2,405,804 10,633,818 0 2,159,493 (8,474,325) -80%
62 - Maintenance & Operations Totals: 0 2,405,804 10,633,818 0 2,159,493 (8,474,325) -800/0
64 - Other Expenses
401-0000-60480 Contributions to Other Agencies 7,848 0 34,987 90,030 I 0 (34,987) -100%
401-0000-62005 Bad Debt Expense 955,905 0 0 0 0 0 0%
64 - Other Expenses Totals: 963,753 0 34,987 90,030 0 (34,987) -1000/0
68 - Capital Expenses
401-0000-74010 Land Acquisition 0 0 1,916,311 0 I 0 (1,916,311) -100%
68 - Capital Expenses Totals: 0 0 1,916,311 0 0 (1,916,311) -100%
0000 - Undesignated Totals: 18,687,604 24,293,033 91,418,186 22,179,427 21,859,930 (69,558,256) -76%
401-CAPITAL IMPROVEMENT PROGRAMS Totals: 18,687,604 24,293,033 91,418,186 22,179,427 21,859,930 (69,558,256) -76%
60 92
CITY OF LA QUINTA CAPITAL IMPROVEMENT PROGRAM EXPENSE NOTES FY 2026/27 PROPOSED BUDGET
Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS
401-0000-49500 Transfers In
21,859,930
General Fund - Sidewalk & ADA Ramp Improvements
General Fund - Citywide Pavement Management Plan (PMP) Street Improvements
General Fund - Citywide Drainage Enhancements
General Fund - Citywide Irrigation Upgrades
General Fund - Avenue 47 Pavement Rehabilitation
General Fund -Avenue 52 Pavement Rehabilitation
Measure G - Citywide PMP Street Improvements
Measure G - Maintenance & Operations Yard
Measure G - Cultural Campus
Measure G - Hwy 111 Corridor Implementation
Measure G - SilverRock Park Lake & Irrigation Conversion
SB 1 Road Maintenance/Rehab - Citywide Arterial Slurry Seal Improvements
DIF Transportation - Corporate Centre Drive Gap Closure
Measure A - Citywide Traffic Signal Maintenance Improvements
Measure A - Miles Avenue Pavement Rehabilitation
Measure A - Avenue 47 Pavement Rehabilitation
Measure A - Frances Hack Lane Pavement Rehabilitation
Equipment Replacement Fund - Citywide Preventative Maintenance Plan Improvement
Housing Authority Funds- Dune Palms Mobile Home Estates Improvements
CDBG Funds- Citywide Misc. ADA Improvements
$75,000
$1,000,000
$477,000
$250,000
$30,000
$30,000
$1,000,000
$8,000,000
$4,000,000
$1,000,000
$1, 500,000
$1,000,000
$500,000
$235,000
$250,000
$900,000
$405,730
$50,000
$1,000,000
$157,200
61 93
CITY OF LA QUINTA
FY 2026/27 PROPOSED BUDGET
FUND TYPE - GENERAL FUND
101 - GENERAL FUND - The primary fund of the City used to account for all revenue and
expenditures of the City not legally restricted as to use. A broad range of municipal activities are
provided through this fund including City Manager, City Attorney, Finance, City Clerk, Community
Development, Public Safety (Police and Fire), Public Works, and Community Services.
FUND TYPE - SPECIAL REVENUE FUNDS
105 — DISASTER RECOVERY FUND — This fund was created to recognize one-time federal
funding passed by Congress in 2021, an act designed to deliver relief to American workers and aid
in economic recovery in the wake of COVID-19 by providing Coronavirus state and local fiscal
recovery funds for state and local governments.
201 - GASOLINE TAX FUND - To account for gasoline sales tax allocations received from the
State of California. These revenues are restricted by the State to expenditures for street related
purposes only.
202 - LIBRARY AND MUSEUM FUND — This fund accounts for the revenues from property taxes
generated for library and museum services.
203 - PUBLIC SAFETY FUND — General Fund Measure G sales tax revenue set aside for public
safety expenditures.
210 - FEDERAL ASSISTANCE FUND - This fund is used to account for revenues from the
Community Development Block Grant (CDBG) received from the federal government and the
expenditures of those resources.
212 — CITIZENS FOR PUBLIC SAFETY (COPS) FUND - This fund is used to account for State of
California funds received for law enforcement activities of the Riverside County Sheriff's
Department, also known as Supplemental Law Enforcement Services Fund (SLESF).
215 — LIGHTING AND LANDSCAPE FUND — This fund accounts for special assessments levied
on real property and the expenditure therefore from city-wide lighting and landscape maintenance
and improvements.
220 - QUIMBY FUND - This fund is used to account for the accumulation of developer fees
received under the provisions of the Quimby Act for park development and improvements. Capital
projects to be funded from this source will be budgeted and expended in a separate Capital
Projects Fund.
221 - AB 939 CAL -RECYCLE FUND - This fund is used to account for franchise fees collected
from the city waste hauler that are used to reduce waste sent to landfills through recycling efforts.
62 94
CITY OF LA QUINTA
FY 2026/27 PROPOSED BUDGET
223 - MEASURE A FUND — In 1988, Riverside County voters approved a half cent sales tax,
known as Measure A, to fund a variety of highway improvements, local street and road
maintenance, commuter assistance and specialized highway transit projects. This fund is used to
collect this tax and pursuant to the provision of Measure A, it is restricted for local street and road
expenditures.
226 — EMERGENCY MANAGEMENT PERFORMANCE FUND — Revenue received from the
California Office of Emergency Services (CaIOES) and restricted for emergency operations center
(EOC) materials and trainings.
227 — STATE HOMELAND SECURITY PROGRAM (SHSP) FUND — Revenue received from the
State Homeland Security Grant Program to local governments to assist to further the State of
California's efforts to prepare for natural and man-made disasters and terrorism related impacts to
communities.
230 — CASp FUND, AB 1379 — This fund was established as required under Assembly Bill 1379
and Senate Bill 1186 for the collection of the annual $4.00 business license accessibility fee.
Funds shall be utilized for expenses related to enhancing accessibility requirements.
235 - SOUTH COAST AIR QUALITY FUND - This fund is used to account for contributions from
the South Coast Air Quality Management District. Uses are limited to the reduction and control of
airborne pollutants.
244 — HOUSING GRANTS - This fund is used to account for housing related grants as required by
outside agencies for reporting purposes.
247 — ECONOMIC DEVELOPMENT FUND — This fund accounts for revenues and expenditures
related to proceeds from sale of City owned land and future economic development.
270 - ART IN PUBLIC PLACES - This fund accounts for development fees paid in lieu of
acquisition and installation of approved artworks in a development with expenditures restricted to
acquisition, installation, maintenance, and repair of artworks at approved sites.
275 — PUBLIC SAFETY OFFICERS FUND - This fund may be used for payments to survivors of
deceased police or fire personnel serving the City of La Quinta.
241 and 243 HOUSING AUTHORITY - These funds are used to account for the housing activities
of the Housing Authority which are to promote and provide quality affordable housing.
249 SUCESSOR AGENCY BOND FUNDS - This fund is restricted per individual bond covenants.
405 — SUCCESSOR AGENCY PROJECT AREA 1 CAPITAL IMPROVEMENT FUNDS — This
fund is restricted per individual bond covenants.
760 -SUPPLEMENTAL PENSION PLAN FUND —This fund is a defined contribution pension plan
established by the City to provide retirement excess benefits to general employees of the City.
63 95
CITY OF LA QUINTA
FY 2026/27 PROPOSED BUDGET
761 — OTHER POST EMPLOYMENT BENEFIT (OPEB) TRUST — The City participates in the
California Employers' Retiree Benefit Trust (CERBT) for the purpose of accumulating funding
for OPEB obligations. The CERBT is a multiple employer tax exempt trust organized under
Section 115 of the Internal Revenue Code for those electing to prefund OPEB obligations.
762 — PENSION TRUST FUND — In 2019, the City established a Section 115 Trust Agreement
with U.S. Bank National Association and Public Agency Retirement Services (PARS), Trust
Administrator. The Section 115 Trust was established as a means to set aside monies to fund the
City's pension and OPEB obligations. Contributions to the Section 115 Trust are irrevocable, the
assets are dedicated to providing benefits to plan members, and the assets are protected from
creditors of the City. The purpose of the Trust is to address the City's pension obligations by
accumulating assets to reduce the net pension liability.
FUND TYPE — DEBT SERVICE FUND
310 - FINANCING AUTHORITY, DEBT SERVICE - This fund is used to account for the debt
service that will be used for the principal and interest payments of the Financing Authority's
outstanding debt and any related reporting requirements.
FUND TYPE - CAPITAL PROJECTS FUNDS
225 - INFRASTRUCTURE FEE FUND - This fund is used to account for the accumulation of
resources, provided through developer fees for the acquisition, construction or improvement of the
City's infrastructure as defined by Resolution. Capital projects to be funded from this source will
be budgeted and expended in a separate Capital Projects Fund.
250 — TRANSPORTATION DIF, 251 - PARK & RECREATION DIF, 252 - CIVIC CENTER DIF,
253 - LIBRARY COMMUNITY CENTER, 254 — COMMUNITY CENTER DIF, 255 - STREET
FACILITIY DIF, 256 - PARK FACILITY DIF, 257 - FIRE DIF FUNDS, AND 259 — MAINTENANCE
FACILITIES DIF FUND- These funds are used to account for developer impact fees collected for
specific public improvements and may not be utilized for ongoing operational expenses.
401 - CAPITAL PROJECTS FUND — This fund is used to account for the planning, design, and
construction of various capital projects throughout the City of La Quinta.
FUND TYPE - INTERNAL SERVICE FUNDS
501 - FACILITY AND FLEET REPLACEMENT FUND - This fund is used to account for the
ultimate replacement of city owned and operated vehicles, heavy equipment, and facilities.
502 - INFORMATION TECHNOLOGY FUND - This fund is used to account for the ultimate
replacement of city owned and operated computer hardware, software and computer maintenance
and operations.
64 96
CITY OF LA QUINTA
FY 2026/27 PROPOSED BUDGET
503 -PARK EQUIPMENT & FACILITIES FUND -This fund is used to account for the replacement
of city owned and operated park equipment and facilities.
504 — INSURANCE FUND — This fund is used to account for the city's insurance coverages.
FUND TYPE — ENTERPRISE FUNDS
601 - SILVERROCK GOLF COURSE FUND - This account is used to account for the activities of
the SilverRock Golf course.
602 - SILVERROCK GOLF COURSE RESERVE FUND - This fund is used to account for golf
course reserves for future capital improvements of the SilverRock Golf course.
65 97
CITY OF LA QUINTA FY 2026/27 PROPOSED BUDGET
The following is a list of commonly used financial terms:
ALLOCATE - To divide a lump -sum appropriation which is designated for expenditure by
specific organization units and/or for specific purposes, activities, or objects.
APPROPRIATION - An authorization made by the council which permits the City to incur
obligations and to make expenditures of resources.
ASSESSED VALUATION - A dollar value placed on real estate or other property by
Riverside County as a basis for levying property taxes.
ASSET - Anything having commercial or exchange value that is owned by a business,
institution or individual.
AUDIT - Conducted by an independent Certified Public Accounting (CPA) Firm, the primary
objective of an audit is to determine if the City's Financial Statements present the City's
financial position fairly and results of operations are in conformity with Generally Accepted
Accounting Principles (GAAP).
BALANCED BUDGET - A budget in which planned expenditures do not exceed projected
funds available.
BALANCE SHEET - A financial statement reporting the organization's assets, liabilities and
equity activities.
BUDGET - The document created by staff and approved by the City Council which
establishes the broad policy guidance on the projection of revenues and the allocation
toward various types of expenditures.
BUDGET CALENDAR — This is a schedule of the dates which is followed in the
preparation, adoption, and administration of the budget.
BUDGET MESSAGE - Included in the opening section of the Financial Plan, the Message
provides the Council and the public with a general summary of the most important aspects
of the document, changes from the previous fiscal years, and the views and
recommendations of the City Manager.
CONSUMER PRICE INDEX (CPI) - A measure used to reflect the change in the price of
goods and services.
CONTINGENCY - An appropriation of funds to cover unforeseen events that occur during
the fiscal year such as flood emergencies, Federal mandates, shortfalls in revenue, and
similar eventualities.
66 98
CITY OF LA QUINTA
FY 2026/27 PROPOSED BUDGET
CONTINUING APPROPRIATION - Funds committed for a previous fiscal year expenditure
which were not spent in the year of appropriation but are intended to be used in the
succeeding year.
CONTRACTUAL SERVICES - Services rendered to City activities by private firms,
individuals or other governmental agencies. Examples of these services include
engineering, law enforcement, and city attorney services.
DEPARTMENT - A major organizational unit of the City which has been assigned overall
management responsibility for an operation or a group of related operations within a
functional area.
DESIGNATED FUND BALANCE - A portion of unreserved fund balance designated by
City policy for specific future use.
ENCUMBRANCE - The legal commitment of appropriated funds to purchase an item or
service. To encumber funds means to set aside or commit funds for a future expenditure.
EXPENDITURE - The outflow of funds paid for goods or services obtained.
FEES FOR SERVICES - Charges paid to the City by users of a service to help support the
costs of providing that service.
FISCAL YEAR - The fiscal year is defined as the beginning and ending period for recording
financial transactions. The City has specified July 1 to June 30 as its fiscal year.
FIXED ASSETS — Fixed Assets are assets of a long-term nature such as land, buildings,
machinery, furniture, and other equipment. The City has defined such assets as those with
an expected life in excess of one year and an acquisition cost in excess of $5,000.
FRANCHISE FEE - A franchise fee is charged for the privilege of using public right-of-way
and property within the City for public or private purposes. The City currently accesses
franchise fees on cable television, utilities, and trash collection contractors.
FUND - An accounting entity that records all financial transactions for specific activities or
government functions. The fund types used by the City are: General, Special Revenue,
Capital Project, Debt Service, Enterprise, and Internal Service Funds.
FUND BALANCE — Fund Balance is the excess of current assets over current liabilities
and represents the cumulative effect of revenues and other financing sources over
expenditures and other financing uses.
67 99
CITY OF LA QUINTA
FY 2026/27 PROPOSED BUDGET
GENERAL FUND - The General Fund is the primary operating fund of the City. All
revenues that are not allocated by law or contractual agreement to a specific fund are
accounted for in the General Fund. With the exception of subvention or grant revenues
restricted for specific uses, General Fund resources can be utilized for any legitimate
governmental purpose.
GOAL - A goal is a statement of broad, direction, purpose, or intent.
GRANT - Contributions of cash or other assets from another governmental agency to be
used or expended for a specified purpose, activity, or facility.
INFRASTRUCTURE - Fund contributions of cash or other assets from development -
oriented applicants used for the City's basic system of its physical plant, (i.e., streets, water
drainage, public buildings and parks).
INVESTMENT REVENUE — Investment revenue that is received as interest from the
investment of funds not immediately required to meet cash disbursement obligations.
JOINT POWERS AUTHORITY (J.P.A.) - A joint venture that is comprised of two or more
governmental entities sharing the cost of providing a public service.
LIABILITY - A claim on the assets of an entity.
LINE -ITEM BUDGET - A budget that lists detailed expenditure categories (salary,
materials, telephone service, travel, etc.) separately, along with the amount budgeted for
each specified category. The City uses a program rather than line -item budget, although
detail line -item accounts are maintained and recorded for financial reporting and control
purposes.
MUNICIPAL - In its broadest sense, municipal is an adjective which denotes the state and
all subordinate units of government. In a more restricted sense, an adjective which denotes
a city or village as opposed to other local governments.
OPERATING BUDGET — This is the portion of the budget that pertains to daily operations
providing governmental services.
PERSONNEL SERVICES - Costs associated with providing the staff necessary to provide
the desired levels of services. Included in personnel services are both salary and benefit
costs.
POLICY - A direction that must be followed to advance toward a goal. The direction can be
a course of action or a guiding principal.
PROGRAM - A grouping of activities organized to accomplish basic goals and objectives.
68 100
CITY OF LA QUINTA
FY 2026/27 PROPOSED BUDGET
PROGRAM BUDGET — This is a budget that focuses upon the goals and objectives of an
agency or jurisdiction.
PROPERTY TAX - A statutory limited tax levy which may be imposed for any purpose.
QUARTERLY BUDGET REPORT —This is a comprehensive report providing an update of
the City's financial position.
RESERVE - An account used to indicate that a portion of a fund's balance is legally
restricted for a specific purpose and is, therefore, not available for general appropriation.
REVENUE - Funds that the government receives as income. It includes such items as tax
payments, fees from specific services, receipts from other governments, fines, forfeitures,
grants, shared revenues, and interest income.
RISK MANAGEMENT — This is an organized attempt to protect an organization's assets
against accidental loss in the most cost-effective manner.
SALES TAX - A tax on the purchase of goods.
SPECIAL ASSESSMENT - A compulsory levy made against certain properties to defray
part or all of the costs of a specific improvement or service deemed to primarily benefit
those parties. (Special Assessments are also known as benefit fees.)
SPECIAL REVENUE FUNDS - Funds used to account for the proceeds from specific
revenue sources (other than trusts or major capital projects) that are legally restricted to
expenditures for specific purposes.
SUPPLIES AND SERVICES - A general category used for clarifying expenditures for
various supplies and services which are normally used within a fiscal year.
TRUST AND AGENCY FUNDS - Also known as Fiduciary Fund Types, these funds are
used to account for assets held by the City in a trustee capacity or as an agent for private
individuals, organizations, or other governmental agencies.
USER FEES - The payment of a fee for direct receipt of a service by the party benefiting
from the service.
69 101
M,
City of La Quinta
FINANCIAL ADVISORY COMMISSION SPECIAL MEETING
DEPARTMENTAL REPORT
TO: Members of the Financial Advisory Commission
FROM: Claudia Martinez, Finance Director/City Treasurer
DATE: June 10, 2026
SUBJECT: FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
The Finance Department would like to provide updates on the following matters.
AUDIT & FINANCIAL REPORTING
• Citywide Comprehensive Audit for fiscal year 2025/26 is scheduled to take place
from October 5, 2026 to October 16, 2026
o Finance staff are actively preparing for the audit, including completing
year-end accounting entries, reconciling accounts, and assembling
supporting documentation to facilitate an efficient audit process.
o Staff remains on schedule to meet all year-end financial reporting and
audit deadlines.
COMMITTEE UPDATES
• Financial Projections Task Force (Commissioners Anderson and Dorsey)
o The Fiscal Year (FY) 2026/27 budget will be updated in the TrueComp
(Govinvest) Financial Forecasting software, with related meetings to be
scheduled.
FY 2026/27 General Fund Operating Budget Subcommittee (Commissioners
Dorsey and Niblo)
o Conducted meetings on May 1, 2026 and June 4, 2026
CITY UPDATES
SilverRock Update — The City has a dedicated website which includes updates,
documents, and a timeline outlining the Talus/SilverRock Resort project. The City
Manager and City Attorney provide regular case updates during Council meetings,
and those updates will also be posted on the website.
City Website: www.laguintaca.gov/taluslq
• Hwy 111 Corridor Specific Plan — The City has a dedicated website which includes
updates and meeting documents.
City website: https://www.laguintaca.gov/our-city/city-departments/design-and-
development/planning-division/highway-111-specific-plan
103
o Council and Planning Commission joint meeting held on September 26,
2023.
o Planning Commission meeting held on October 14, 2025 and City Council
meeting held on November 18, 2025, with a continuation on January 20,
2026.
o To date, expenditures related to the project are detailed in the Project
Activity Report (Attachment 1), in the amount of $1,431,877.80. Revenue
allocations of Measure G do not yet include the most recent quarter entry.
Imperial Irrigation District (IID) power distribution substations in La Quinta, cost -
share options for upgrades; prior Council study sessions held on January 16, 2024
and February 18, 2025. On December 16, 2025, Council adopted a resolution to
appropriate $10 million from General Fund Unassigned Reserves; approved the
transfer of funding from the City to the La Quinta Financing Authority through a
Financing Agreement between the 2 entities; and approved the following two
agreements with IID related to the Avenue 58 substation expansion and
improvements, and the purchase of certain power equipment:
■ Engineering and Procurement Agreement (for certain long lead-time
equipment to be paid for by the City), subject to reimbursement by
developers; and
■ Funding and Reservation of Capacity Agreement for the Avenue 58
Transformer Bank Addition.
In March 2026, the City processed the first deposit of approximately $5.1 million to
support the initial phase of the substation expansion project. This funding allows
IID to immediately begin engineering and procurement of critical long -lead
equipment, including transformers, breakers, and switchgear, which are estimated
to take 14 to 16 months for delivery. The deposit is structured as a loan to the La
Quinta Financing Authority and is expected to be repaid as developers fulfill their
required milestone payments, with the City's advance prioritized for
reimbursement.
o Coachella Valley Power Agency (CVPA):
■ March 18, 2025 — Approval of the proposed Coachella Valley Power
Agency (CVPA) Joint Powers Agreement to establish an
independent public agency for Riverside County and the Coachella
Valley to give stakeholders the authority they have sought to address
electrical infrastructure needs and services.
■ April 1, 2025 — Council authorized the City as the first member of
CVPA via Resolution No. 2025-0007
■ October 7, 2025 — The Coachella Valley Public Agency (CVPA) Joint
Powers Authority (JPA) currently includes the Cities of La Quinta and
Indio, and the County of Riverside. The CVPA has contracted with
the Coachella Valley Association of Governments (CVAG) to
oversee the administration and management of the CVPA while the
CVPA JPA works to hire its own staff. For FY 2025/26, the CVPA
104
JPA members approved a $500,000 budget, and agreed that the
three members would contribute $166,666 each.
It is important to note the items mentioned in this update are in addition to the daily
functions of the Finance Department, which include, but are not limited to, staff report
writing/review, payroll, accounts payable, accounts receivable, revenue processing,
journal entries, capital accounting, project accounting, purchasing, investing,
cash/treasury management, bank reconciliations, budgeting, research and analysis, staff
training and development, and general financial support for all City departments.
Attachment: 1. Project Activity Report
105
ATTACHMENT 1
cza Qai a
-GEM ufk,DESERT — City of La Quinta
Project Number
201905
Revenues
Account Key
201905MG
GL Account Number
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
401-0000-49500
Project Name
Group
Type
Highway 111 Corridor Area Plan Implementati Fund 401 Construction in Process St Improvements
Account Name
Category
Measure G Funding
Measure G - Measure G Funding
GL Account Name
Post Date
Description Vendor Name
Transfers In
03/31/2020
MG 201905 HWY 111 CORRIDOR PLAN
Transfers In
06/30/2020
MG 201905 HIGHWAY 111 CORRIDOR AREA PLAN
Transfers In
09/30/2020
MG 201905 HIGHWAY 111 CORRIDOR AREA PLAN
Transfers In
12/31/2020
MG 201905 HIGHWAY 111 CORRIDOR AREA PLAN
Transfers In
03/31/2021
MG 201905 HIGHWAY 111 CORRIDOR AREA PLAN
Transfers In
06/30/2021
MG HIGHWAY 111 CORRIDOR AREA PLAN
Transfers In
09/30/2021
MG 201905 HIGHWAY 111 CORRIDOR PLAN
Transfers In
12/31/2021
MG 201905 HWY CORRIDOR AREA PLAN
Transfers In
03/31/2022
MG 201905 HWY CORRIDOR AREA PLAN
Transfers In
06/30/2022
MG 201905 HWY CORRIDOR AREA PLAN
Transfers In
09/30/2022
MG 201905 HWY CORRIDOR AREA PLAN
Transfers In
12/31/2022
MG 201905 HIGHWAY 111 CORRIDOR AREA
Transfers In
03/31/2023
MG 201905 HIGHWAY 111 CORRIDOR AREA
Transfers In
06/30/2023
MG 201905 HIGHWAY 111 CORRIDOR AREA
Transfers In
09/30/2023
MG 201905 HIGHWAY 111 CORRIDOR AREA
Transfers In
12/31/2023
MG 201905 HIGHWAY 111 CORRIDOR AREA
Transfers In
03/31/2024
MG 201905 HIGHWAY 111 CORRIDOR AREA
Transfers In
06/30/2024
CORR SBl FUNDING FOR 201905 PROJECT
Transfers In
09/30/2024
CORR MG 201905/202225 HIGHWAY 111 CORRIDOR A
Transfers In
12/31/2024
MG 201905 HIGHWAY 111 CORRIDOR AREA
Transfers In
03/31/2025
MG 201905 HIGHWAY 111 CORRIDOR AREA
Transfers In
06/30/2025
MG 201905 HIGHWAY 111 CORRIDOR AREA
Transfers In
09/30/2025
MG 201905 HIGHWAY 111 CORRIDOR AREA
Project Activity Report
By Project Number
Report Dates: 07/01/2O19 - 06/04/2026
Status
Active
Total Activity
-1,372,845.30
Item Number
Activity
-1,980.00
-5,006.25
FY 19/20 Total:
-6,986.25
-11,715.00
-41,035.00
-7,955.00
-230,049.59
FY 20/21 Total:
-290,754.59
-2,995.00
-30,468.25
-3,020.00
-130,479.46
FY 21/22 Total:
-166,962.71
-14,775.00
-4,537.50
-145,350.50
-120,554.00
FY 22/23 Total:
-285,217.00
-49,950.15
-1,662.50
-58,634.71
-237,691.79
FY 23/24 Total:
-347,939.15
73,042.37
-25,166.00
-96,466.25
-82,132.22
FY 24/25 Total:
-130,722.10
-71,086.25
6/4/2026 11:00:43 AM Page 1 of 6
106
Project Activity Report
Report Dates: 07/01/2019 - 06/04/2026
GL Account Number
GL Account Name
Post Date
Description
Vendor Name
Item Number
Activity
401-0000-49500
Transfers In
12/31/2025
MG 201905 HIGHWAY 111 CORRIDOR AREA
-73,177.25
FY 25/26 Total:
-144,263.50
201905SB1
SBl Maintenance Funding
SB1
Maint Fund - SBl Maintenance Funding
0.00
GL Account Number
GL Account Name
Post Date
Description
Vendor Name
Item Number
Activity
401-0000-49500
Transfers In
06/30/2024
CORR SB1 FUNDING FOR 201905 PROJECT
237,691.79
401-0000-49500
Transfers In
06/30/2024
SB1 201905 HIGHWAY 111 CORRIDOR AREA
-102,565.49
401-0000-49500
Transfers In
06/30/2024
SB1 201905 HIGHWAY 111 CORRIDOR AREA
-57,573.80
401-0000-49500
Transfers In
06/30/2024
SB1 201905/202223 HIGHWAY 111 CORRIDOR AREA
-77,552.50
FY 23/24 Total:
0.00
Total Revenues:
-1,372,845.30
Expenses
Account Key
Account Name
Category
Total Activity
201905D
Design Expense
Design - Design Expense
1,337,751.55
GL Account Number
GL Account Name
Post Date
Description
Vendor Name
Item Number
Activity
401-0000-60185
Design
12/18/2020
2019-05 HWY 111 CORRIDOR PROJECT (PLAN&ENG)
GHD INC.
153361
25,600.00
401-0000-60185
Design
12/18/2020
2019-05 HWY 111 CORRIDOR PROJECT (PLAN&ENG)
GHD INC.
151505
8,290.00
401-0000-60185
Design
04/16/2021
02/2021 - HWY 111 PLANNING/ ENGINEERING SVCS
GHD INC.
158460
78,461.25
401-0000-60185
Design
04/16/2021
12/2020 - HWY 111 PLANNING/ ENGINEERING SVCS
GHD INC.
155454
32,923.75
401-0000-60185
Design
06/11/2021
04/2021 - HWY 111 PLANNING/ENGINEERING SVCS
GHD INC.
161990
75,409.84
401-0000-60185
Design
06/25/2021
05/2021 - HWY 111 PLANNING/ENGINEERING SVCS
GHD INC.
163575
34,827.25
FY 20/21 Total:
255,512.09
401-0000-60185
Design
10/08/2021
06/2021 - HWY 111 PLANNING/ENGINEERING SVCS
GHD INC.
165668
19,315.75
401-0000-60185
Design
10/29/2021
07/2021 - HWY 111 PLANNING/ENGINEERING SVCS
GHD INC.
380-0000621
8,620.00
401-0000-60185
Design
04/22/2022
03/24/22 - HWY 111 SITE TOUR LUNCH
BANK OF THE WEST (PLEASE SEE
MAR'2269256M
207.43
401-0000-60185
Design
04/22/2022
03/24/22 - HWY 111 SITE TOUR TRANSPORTATION
BANK OF THE WEST (PLEASE SEE
MAR'2269256M
460.00
401-0000-60185
Design
06/30/2022
03/2022 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0012735
41,235.83
401-0000-60185
Design
06/30/2022
06/2022 HWY 111 CORRIDOR PLANNING/ENGINERRI
GHD INC.
380-0016011
84,123.70
FY 21/22 Total:
153,962.71
401-0000-60185
Design
09/02/2022
07/2022 - HWY 111 CORRIDOR PLANNING/ENGINERRI
GHD INC.
380-0017688
12,962.50
401-0000-60185
Design
03/03/2023
09/2022 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0020901
49,617.50
401-0000-60185
Design
03/03/2023
10/2022 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0023845
51,571.25
401-0000-60185
Design
03/03/2023
11/2022 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0024095
18,251.25
401-0000-60185
Design
03/03/2023
12/2022 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0025445
9,171.25
401-0000-60185
Design
03/17/2023
01/2023 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0027217
12,726.75
401-0000-60185
Design
06/30/2023
02/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERI
GHD INC.
380-0028778
18,667.58
401-0000-60185
Design
06/30/2023
03/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERI
GHD INC.
380-0030405
9,366.25
401-0000-60185
Design
06/30/2023
04/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERI
GHD INC.
380-0031910
22,207.51
401-0000-60185
Design
06/30/2023
05/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERI
GHD INC.
380-0033492
22,721.95
6/4/2026 11:00:43 AM
Page 2 of 6
107
Project Activity Report
Report Dates: 07/01/2019 - 06/04/2026
GL Account Number
GL Account Name
Post Date
Description
Vendor Name
Item Number
Activity
401-0000-60185
Design
06/30/2023
06/2023 - HWY 111 CORRIDOR PLANNING/ENGINERRI
GHD INC.
380-0035378
42,803.21
FY 22/23 Total:
270,067.00
401-0000-60185
Design
09/08/2023
07/2023 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0036834
49,312.65
401-0000-60185
Design
O1/26/2024
10/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERI
GHD INC.
380-0041445
54,534.71
401-0000-60185
Design
05/24/2024
01/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0047294
32,062.36
401-0000-60185
Design
05/24/2024
03/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0048891
53,767.93
401-0000-60185
Design
06/30/2024
04/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0051494
13,082.70
401-0000-60185
Design
06/30/2024
05/01-06/30/24 - ONCALL PLANNING SERVICES
TERRA NOVA PLANNING & RESE
TN1198158
877.50
401-0000-60185
Design
06/30/2024
ACCRUE 05/2024 HWY 111 CORRIDOR PLANNING
20,296.30
401-0000-60185
Design
06/30/2024
ACCRUE 06/2024 HWY 111 CORRIDOR PLANNING
37,277.50
FY 23/24 Total:
261,211.65
401-0000-60185
Design
09/20/2024
05/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0054142REV
20,296.30
401-0000-60185
Design
09/20/2024
06/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0054348
37,277.50
401-0000-60185
Design
09/20/2024
HWY 111 CONSTRUCTION SIGNAGE
BEST SIGNS INC
98554
3,540.13
401-0000-60185
Design
09/30/2024
ACCRUE 05/2024 HWY 111 CORRIDOR PLANNING
-20,296.30
401-0000-60185
Design
09/30/2024
ACCRUE 06/2024 HWY 111 CORRIDOR PLANNING
-37,277.50
401-0000-60185
Design
11/08/2024
08/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0057493
22,993.50
401-0000-60185
Design
02/07/2025
09/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0063398
9,563.75
401-0000-60185
Design
02/07/2025
12/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0063431
83,940.00
401-0000-60185
Design
06/30/2025
04/2025 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0072463
78,989.72
401-0000-60185
Design
06/30/2025
5/O1-6/30/25 HWY 111 CORRIDOR PLANNING/ENGIN
GHD INC.
380-0076089
70,173.75
FY 24/25 Total:
269,200.85
401-0000-60185
Design
12/05/2025
09/2025 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0079261
72,112.25
401-0000-60185
Design
O1/23/2026
HWY 111 CORRIDOR PLANNING/ENGINEERING SVCS
GHD INC.
380-0083152
32,746.25
401-0000-60185
Design
04/10/2026
02/2026 HWY 111 CORRIDOR PLANNING/ENGINEERIN
GHD INC.
380-0087931
22,938.75
FY 25/26 Total:
127,797.25
201905P
Professional Expense
Professional - Professional Expense
94,126.25
GL Account Number
GL Account Name
Post Date
Description
Vendor Name
Item Number
Activity
401-0000-60103
Professional Services
03/20/2020
02/2020 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
8 JOB 2019-08
1,980.00
401-0000-60103
Professional Services
04/24/2020
03/2020 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
9 JOB 2019-08
825.00
401-0000-60103
Professional Services
06/12/2020
05/2020 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
11 JOB 2019-08
330.00
401-0000-60103
Professional Services
06/30/2020
06/2020 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
12 JOB 2019-08
3,851.25
FY 19/20 Total:
6,986.25
401-0000-60103
Professional Services
09/04/2020
07/2020 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
13 JOB 2019-08
9,240.00
401-0000-60103
Professional Services
09/25/2020
08/2020 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
14 JOB 2019-08
2,475.00
401-0000-60103
Professional Services
10/09/2020
09/2020 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
15 JOB 2019-08
2,182.50
401-0000-60103
Professional Services
12/04/2020
10/2020 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
16 JOB 2019-08
4,962.50
401-0000-60103
Professional Services
O1/15/2021
HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
17 JOB 2019-08
2,657.50
401-0000-60103
Professional Services
O1/22/2021
HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
18 JOB 2019-08
720.00
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108
Project Activity Report
Report Dates: 07/01/2019 - 06/04/2026
GL Account Number
GI. Account Name
Post Date
Description
Vendor Name
Item Number
Activity
401-0000-60103
Professional Services
03/05/2021
HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
19 JOB 2019-08
980.00
401-0000-60103
Professional Services
03/19/2021
HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.20
3,597.50
401-0000-60103
Professional Services
04/23/2021
HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.21
2,072.50
401-0000-60103
Professional Services
05/28/2021
HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.22
1,657.50
401-0000-60103
Professional Services
06/18/2021
HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.23
1,850.00
401-0000-60103
Professional Services
06/30/2021
HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.24
2,847.50
FY 20/21 Total: 35,242.50
401-0000-60103
Professional Services
09/17/2021
07/2021 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.25
630.00
401-0000-60103
Professional Services
09/17/2021
08/2021 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.26
2,365.00
401-0000-60103
Professional Services
11/05/2021
09/2021 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.27
790.00
401-0000-60103
Professional Services
12/03/2021
10/2021 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.28
1,742.50
401-0000-60103
Professional Services
O1/14/2022
11/2021 - HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.29
620.00
401-0000-60103
Professional Services
O1/14/2022
12/2021 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.30
930.00
401-0000-60103
Professional Services
02/25/2022
01/2022 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.31
192.50
401-0000-60103
Professional Services
03/18/2022
02/2022 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.32
1,277.50
401-0000-60103
Professional Services
04/15/2022
03/2022 - HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.33
1,860.00
401-0000-60103
Professional Services
06/30/2022
05/2022 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.35
967.50
401-0000-60103
Professional Services
06/30/2022
06/2022 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.36
1,625.00
FY 21/22 Total: 13,000.00
401-0000-60103
Professional Services
08/26/2022
07/2022 2019-05 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.37
1,812.50
401-0000-60103
Professional Services
10/07/2022
08/2022 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.38
1,700.00
401-0000-60103
Professional Services
10/28/2022
09/2022 - 2019-05 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019.08.39
1,962.50
401-0000-60103
Professional Services
12/16/2022
12/2022 - 2019-05 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.41
875.00
401-0000-60103
Professional Services
02/03/2023
12/2022 - 2019-05 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.42
3,312.50
401-0000-60103
Professional Services
02/24/2023
01/2023 - 2019-05 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.43
700.00
401-0000-60103
Professional Services
05/05/2023
03/2023 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.44
725.00
401-0000-60103
Professional Services
05/05/2023
03/2023 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.45
2,137.50
401-0000-60103
Professional Services
06/23/2023
05/2023 - 2019-05 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.47
1,250.00
401-0000-60103
Professional Services
06/30/2023
06/2023 - 2019-05 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.48
675.00
FY 22/23 Total: 15,150.00
401-0000-60103
Professional Services
08/25/2023
07/2023 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.49
637.50
401-0000-60103
Professional Services
10/13/2023
08/2023 - 2019-05 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.50
437.50
401-0000-60103
Professional Services
10/27/2023
09/2023 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.51
700.00
401-0000-60103
Professional Services
11/17/2023
10/2023 - 2019-05 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.52
525.00
401-0000-60103
Professional Services
O1/19/2024
11/2023 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.53
887.50
401-0000-60103
Professional Services
O1/19/2024
12/2023 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.54
875.00
401-0000-60103
Professional Services
02/23/2024
01/2024 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.55
2,337.50
401-0000-60103
Professional Services
04/26/2024
03/2024 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.57
500.00
401-0000-60103
Professional Services
05/31/2024
04/2024 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.58
750.00
401-0000-60103
Professional Services
06/30/2024
05/2024 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.59
537.50
6/4/2026 11:00:43 AM Page 4 of 6
109
Project Activity Report
Report Dates: 07/01/2019 - 06/04/2026
GLAccount Number
GLAccount Name
Post Date
Description
Vendor Name
Item Number
401-0000-60103
Professional Services
06/30/2024
06/2024 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2019-08.60
FY 23/24 Total:
401-0000-60103
Professional Services
09/06/2024
07/2024 - HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.01
401-0000-60103
Professional Services
10/04/2024
08/2024 - HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.02111
401-0000-60103
Professional Services
11/08/2024
09/2024 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.03
401-0000-60103
Professional Services
12/06/2024
10/2024 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.04
401-0000-60103
Professional Services
12/27/2024
11/2024 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.05
401-0000-60103
Professional Services
02/07/2025
12/2024 - PROFESSIONAL ENGINEERING SERVICES
NAI CONSULTING INC
2024-03.06
401-0000-60103
Professional Services
02/28/2025
01/2025 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.07
401-0000-60103
Professional Services
03/21/2025
02/2025 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.08
401-0000-60103
Professional Services
05/02/2025
03/2025 - HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.09
401-0000-60103
Professional Services
05/16/2025
04/2025 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.10
401-0000-60103
Professional Services
06/13/2025
05/2025 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.11
401-0000-60103
Professional Services
06/30/2025
06/2025 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.12
FY 24/25 Total:
401-0000-60103
Professional Services
08/29/2025
07/2025 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.13111
401-0000-60103
Professional Services
09/26/2025
08/2025 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.14
401-0000-60103
Professional Services
10/24/2025
09/2025 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.15
401-0000-60103
Professional Services
12/05/2025
10/2025 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.16
401-0000-60103
Professional Services
01/23/2026
12/2025 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.18111
401-0000-60103
Professional Services
03/27/2026
01/2026 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.19
401-0000-60103
Professional Services
04/17/2026
03/2026 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.21
401-0000-60103
Professional Services
05/22/2026
04/2026 HIGHWAY 111 CORRIDOR
NAI CONSULTING INC
2024-03.22
FY 25/26 Total:
Total Expenses:
201905 Total:
Activity
987.50
9,175.00
970.00
475.00
1,407.50
47.50
242.50
195.00
1,260.00
1,507.50
1,602.50
780.00
427.50
332.50
7,L4/.DU
142.50
770.00
390.00
675.00
432.50
1,022.50
722.50
1,170.00
5,325.00
1,431,877.80
59,032.50
6/4/2026 11:00:43 AM Page 5 of 6
110
Project Activity Report
6/4/2026 11:00:43 AM
Report Dates: 07/01/2019 - 06/04/2026
Summary
Project Summary
Revenue Over/
Project Number
Project Name Total Revenue
Total Expense
(Under) Expenses
201905
Highway 111 Corridor Area Plan Imr 1,372,845.30
1,431,877.80
-59,032.50
Project Totals: 1,372,845.30
1,431,877.80
-59,032.50
Group Summary
Revenue Over/
Group
Total Revenue
Total Expense
(Under) Expenses
Fund 401 Construction in Process 1,372,845.30
1,431,877.80
-59,032.50
Group Totals: 1,372,845.30
1,431,877.80
-59,032.50
Type Summary
Revenue Over/
Type
Total Revenue
Total Expense
(Under) Expenses
St Improvements
1,372,845.30
1,431,877.80
-59,032.50
Type Totals: 1,372,845.30
1,431,877.80
-59,032.50
Page 6 of 6
ill
POWER POINTS
FINANCIAL
ADVISORY
COMMISSION
SPECIAL MEETING
JUNE 10, 2026
June 10, 2026
1
Financial Advisory Commission
Special Meeting
June 10, 2026
1
2
June 10, 2026
2
Financial Advisory Commission Special Meeting
June 10, 2026
Public Comment
Financial Advisory Commission Special Meeting
June 10, 2026
Confirmation of Agenda
3
4
June 10, 2026
3
Financial Advisory Commission Special Meeting
June 10, 2026
Announcements, Presentations, and Written Communications
Recognition of Service for Outgoing Chairperson Way
Financial Advisory Commission Special Meeting
June 10, 2026
Consent Calendar
5
6
June 10, 2026
4
Financial Advisory Commission Special Meeting
June 10, 2026
Business Item No. 1
Approve Financial Advisory Commission Meeting Schedule
for Fiscal Year 2026/27
Proposed Meeting Dates
TypeDate
Quarterly meeting - cancelledWednesday- August 12, 2026
Special MeetingWednesday- September 9, 2026
Special meetingWednesday- November 4, 2026
Quarterly meeting - cancelledWednesday- November 11, 2026
Special meetingWednesday- December 9, 2026
Quarterly meeting Wednesday- February 10, 2027
Special meetingWednesday- April 14, 2027
Quarterly meeting Wednesday- May 12, 2027
Special meetingWednesday- June 9, 2027
7
8
June 10, 2026
5
Financial Advisory Commission Special Meeting
June 10, 2026
Business Item No. 2
Review Establishment of an Investment Account with the
California Cooperative Liquid Assets Securities System &
Recommend La Quinta Financing Authority Approval
Rationale
• The City has re-activated the Financing Authority
• The City wishes to segregate Financing Authority
Funds from General Funds
– Enhanced transparency
– Ease of tracking and auditing
– Improved financial reporting
– Ensures funds are available for project expenditures
9
10
June 10, 2026
6
California CLASS
• Local government investment pool (LGIP)
• Professionally managed and governed by
a board of public agency officials
• Daily liquidity
• Stable net asset value (NAV)
• AAAm S&P rating
California CLASS
• Total assets under management (AUM)
approximately $1.85 billion
• 272 participating public agencies in
California
• Sponsored by League of California Cities
and California Special Districts Association
11
12
June 10, 2026
7
Yield Comparison
Financial Advisory Commission Special Meeting
June 10, 2026
Business Item No. 3
Recommend Council Approval of Fiscal Year 2026/27 Proposed
Budget and Approve Allocation of Measure G Sales Tax Revenue
13
14
June 10, 2026
8
Discussion
Topics
General Fund Update
Special Funds
Capital Improvement
Fund
General Fund Update
Revenues 92,769,600$
Less Operating/CIP Expenses (94,718,335)
Preliminary Budget Surplus/(Deficit)(1,948,735)
Less Measure G Reserves 2,000,000
BUDGET SURPLUS (DEFICIT) 51,265$
Transfer out to CIP (1,000,000)$
Police Services (2,250,000)$
Total Adjustments (3,250,000)
AMENDED BUDGET SURPLUS (DEFICIT) 3,301,265$
GENERAL FUND
FY 2026/27 PROPOSED BUDGET SUMMARY
GENERAL FUND AS OF 6/2/2026
Updates since last session:
$500,000 reduction in
Miles Avenue Pavement
Rehabilitation funding
$500,000 reduction in
LLD support
$2.25 million reduction in
Police Services due to
adjusting patrol hours
from 130 DPH to 108
DPH
15
16
June 10, 2026
9
Special Funds
•Gas Tax Fund
– $1M CIP transfer, $800k General Fund support, street maintenance
continues
•Lighting and Landscape Fund
– $3M General Fund support, increased landscape contract costs
•Finance Authority Fund
•Library & Museum Fund
– Library Resource Van added, continued Cultural Campus implementation
•Measure A Fund
– Revenue projected to increase 8%
•Development Impact Fee (DIF) Funds
Capital Improvement Plan
2026/27 through 2030/31CIP Plan discussed on April7, 2026
Revised amount reflectsremoval of General Fundfunding for the Miles AvenuePavement RehabilitationProject
Focus on transportation andparks & facilities projects
2026/27 Summary Funding Amount
Capital Projects 23,299,653$
Landscape Improvements (500,000)
Developer Reimbursements (939,723)
TOTAL 21,859,930$
17
18
June 10, 2026
10
Measure G Update
Fiscal Year (FY)
2016/17 Actual 1,462,650$
2017/18 Actual 9,967,657
2018/19 Actual 10,958,118
2019/20 Actual 10,310,526
2020/21 Actual 12,594,389
2021/22 Actual 15,615,802
2022/23 Actual 16,088,087
2023/24 Actual 15,471,183
2024/25 Actual 15,638,218
2025/26 Budget (Current)14,400,000
2026/27 Budget (Proposed)16,000,000
TOTAL 138,506,630$
H
Fiscal Year Operational Capital Reserves Total by Year
2016/17-2023/24 Total Operational- Public Safety 25,908,000
Total Capital- Various 33,075,038 33,485,374 92,468,412
2026/27 Public Safety Contract Services -
Pavement Management Plan Street Improvements 1,000,000
Maintenance & Operations Yard 8,000,000
Cultural Campus 4,000,000
SilverRock Park Lake & Irrigation Conversion 1,500,000
Highway 111 Corridor Area Plan Implementation 1,000,000
Electrical Infrastructure Improvements 5,000,000
Measure G Reserves 2026/27 (4,500,000) 16,000,000
TOTAL 33,208,000$ 80,775,038$ 24,523,592$ 138,506,630$
MEASURE G
REVENUE AND USES SUMMARY
FY 2026/27
REVENUE SUMMARY
MEASURE G USES- Historical
Project Description
MEASURE G USES
Recommendation
Staff recommends the Commission provide feedback on the
proposed use of projected surplus funds, including:
1) Allocating $5 million of Measure G funding to the Finance
Authority Fund to increase funding capacity for future
electrical infrastructure improvements.
2) Preserving projected surplus funds to maintain financial
flexibility for future capital investments, reserve funding,
and operational priorities.
19
20
June 10, 2026
11
General Fund Update
Revenues 92,769,600$
Less Operating/CIP Expenses (96,922,570)
Preliminary Budget Deficit (4,152,970)
Use of Measure G Reserves 4,500,000
BUDGET SURPLUS 347,030$
GENERAL FUND
FY 2026/27 PROPOSED BUDGET SUMMARY
Proposed Motion
Recommend Council approval of the FY 2026/27
Budget, including increasing the allocation of Measure
G reserve funds from $2 million to $4.5 million, with $5
million allocated to the Finance Authority Fund to
support future electrical infrastructure improvements.
21
22
June 10, 2026
12
Discussion & Questions
June 10 Housing Commission
Final Review of Housing Budget
June 16 City Council
Final Budget Adoption
Financial Advisory Commission Special Meeting
June 10, 2026
Departmental Report Item No. 1
Finance Department Current and Future Initiatives
23
24
June 10, 2026
13
Financial Advisory Commission Special Meeting
June 10, 2026
Commissioners’ Items
Next Financial Advisory Commission
Special Meeting will be on
September 9, 2026
25
26
June 10, 2026
14
27