RDA Resolution 2001-04RESOLUTION NO. RA 2001-04
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
APPROVING A BUDGET FOR FISCAL YEAR 2001-2002
WHEREAS, each year the La Quinta Redevelopment Agency adopts a Budget
for Revenues and Expenditures for the upcoming Fiscal Year; and
WHEREAS, the La Quinta Redevelopment Agency desires to make provisions for
a level of services commensurate with the needs of the City; and
WHEREAS, the La Quinta Redevelopment Agency has reviewed said budget and
has had several public meetings to receive public input; and
WHEREAS, the La Quinta Redevelopment Agency has, after due deliberation and
consideration, made such amendments in the proposed budget as it considers
desirable; and
NOW, THEREFORE, BE IT RESOLVED by the La Quinta Redevelopment Agency
to adopt, as follows:
SECTION 1. The Fiscal Year 2001-2002 Budget which is on file with the La
Quinta Redevelopment Agency Secretary, is hereby approved.
SECTION 2. Continuing Appropriations which remain unspent and were
authorized by Council in Fiscal Year 2000-2001 are approved in the Fiscal Year
2001-2002 Budget in an amount not to exceed $651,000.
SECTION 3. Encumbrances for Fiscal Year 2000-2001 for committed
appropriations are approved in the Fiscal Year 2001-2002 Budget in an amount not to
exceed $54,558.
SECTION 4. Budget adjustment procedures are approved as follows:
A. Additional appropriations and the transfer of cash or
unappropriated fund balance from one fund to another shall be
made only upon Redevelopment Agency approval.
B. Transfers of budgeted appropriations between divisions or capital
projects shall be made only upon Redevelopment Agency approval.
Resolution No. RA 2001-04
Redevelopment Agency Budget
Fiscal Year 2001-2002
Adopted: July 17, 2001
Page 2
C. Transfers of budgeted appropriations between accounts within a
division or capital project may be made with the approval of the
Executive Director or his designee.
D. Prior year budget continuing Appropriations and Encumbrances for
unexpended capital project appropriations remaining from
uncompleted prior year capital projects shall be made with
Executive Director approval. These carry-over appropriations are
for prior year Redevelopment Agency approved capital projects and
shall not exceed the approved project budget.
SECTION 5. The Executive Director shall render a monthly report to the La
Quinta Redevelopment Agency Board on the status of the Agency operations as it
relates to the approved budget and any amendments thereto.
PASSED, APPROVED and ADOPTED this 17'h day of July, 2001, by the
following vote:
AYES: Members Adolph, Pefia, Perkins, Sniff, Chair Henderson
NOES: None
ABSENT: None
ABSTAIN: None
TERRY NDERSON, Chair
v 0� t
La Qui Redevelopment Agency
ATTEST:
JUNE_V_C�EEK, CIVIC, Agency Secretary
La Quinta Redevelopment Agency
(Agency Seal)
Resolution No. RA 2001-04
Redevelopment Agency Budget
Fiscal Year 2001-2002
Adopted: July 17, 2001
Page 3
APPROVED AS TO FORM:
M KAT RINE JE N, Agency C�ounsel
La Quinta Redevelopment Agency