RDA Resolution 2002-14 RESOLUTION NO. RA 2002-14
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
APPROVING A BUDGET FOR FISCAL YEAR 2002-2003
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 2002-2003 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 2001-02, are approved in the Fiscal Year
2002/2003 Budget in an amount not to exceed $1,267,305 ( Attachment 1 ).
SECTION 3. Encumbrances for Fiscal Year 2000-01 for committed
appropriations are approved in the Fiscal Year 2001-02 budget in an amount not to
exceed $17,682 (Attachment 2).
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.
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.
Resolution No. RA 2002-14
RDA Budget / FY 2002-2003
Adopted: July 160 2002
Page 2
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 4. The Executive Director shall render a monthly report to the La
Quinta Redevelopment Agency Board on the status of Agency operations as it relates
to the approved budget and any amendments thereto.
PASSED, APPROVED and ADOPTED by the La Quinta Redevelopment Agency
at a regular meeting held this 16th day of July, 2002, by the following vote:
AYES: Members Adolph, Pe~a, Perkins, Sniff, Chair Henderson
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
JUN~-~S'. (~REEK, CMC, Agenc--~Secretary
La Quinta Redevelopment Agency
(Seal)
Resolution No. RA 2002-14
RDA Budget / FY 2002-2003
Adopted: July 16, 2002
Page 3
APPROVED AS TO FORM:
M. KATHERINE'~ENSON, Agency Counsel
La Quinta Redevelopment Agency
ATTACHMENT I
La Quinta Redevelopment Agency
Fiscal Year 2002/03 Continuing Appropriations
Continuing
Department Account Description Appropriation
Community Development 245-903-684-000 Apartment Rehabilitation 276,000
246-906-684-000 47th/Adams Project 598,000
246-906-685-000 47th/Adams Planning 50,000
405-902-692-000 Market Study PA I 35,000
405-902-692-000 Recreational Opportunities 100,000
405-902-955-000 Bond Issuance Costs 199,880
406-905-692-000 Market Study PA 2 8,425
Total 1,267,305
Note 1 - The appropriations listed will be adjusted to reflect actual expenditures as of June 30,
2002
ATTACHMENT 2
La Quinta Redevelopment Agency
Fiscal Year 2002/03 Carry-over encumbrances
Department Account Description Encumbrances
Community Development
405-902-692-000 CPIP Program 17,682
Total 17,682
Note I - The encumbrances listed will be adjusted to reflect actual expenditures as of June 30,
2002