RDA Resolution 2003-12RESOLUTION NO. RA 2003-12
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY APPROVING A BUDGET FOR FISCAL YEAR
2003-2004
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 2003-2004 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 2002-03, are approved in the Fiscal Year
2003/2004 Budget in an amount not to exceed $659,196 ( Attachment 1).
SECTION 3. Encumbrances for Fiscal Year 2002-03 for committed
appropriations are approved in the Fiscal Year 2003-04 budget in an amount not to
exceed $3,539,296 (Attachment 1).
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 2003-12
Budget FY 2003/2004
Adopted: July 22, 2003
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 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 at a regular meeting of the La Quinta
Redevelopment Agency held on this 22 "d day of July, 2003, by the following vote:
AYES: Council Members Henderson, Osborne, Perkins, Sniff, Mayor Adolph
NOES: None
ABSENT: None
ABSTAIN: None
TERRY ENDERSON, Chair
c
La Quin a Redevelopment Agency
ATTEST:
JUNE t-AGOEEK, CMC, Agenc"ecretary-
La Quinta Redevelopment Agency
(AGENCY SEAL)
Resolution No. RA 2003-12
Budget FY 2003/2004
Adopted: July 22, 2003
Page 3
APPROVED AS TO FORM:
/<
M. KA-fHERINE JEWSON, )kgency, Counsel
La Quinta Redevelopment Agency
ATTACHMENT 1
La Quinta Redevelopment Agency
�',scal Year 2002/03 Continuing Appropriations/Encumbrances -Note 1 08-Jul-03
As presented in Budget Documents
Department
Account
Description
Continuing
Appropriation
Encumbrances
Total
RDA
Redevelopment Agency
245-903-684-000
Apartment Rehabilitation
350,000
350,000
350,000
246-906-684-000
47th/Adams Project
247,296
247,296
247,296
246-906-685-000
48th/Adams Planning
480,000
480,000
480,000
405-902-692-000
Ranch Planning/ Development
100,000
100,000
100,000
405-902-692-000
Commercial Property Improvement Prog
12,000
12,000
12,000
245-903-683-676
Rental Program 2nd Trust Deeds
659,196
659,196
659,196
245-903-676-000
Low/Mod Village Apartments
2,350,000
2,350,000
2,350,000
Subtotal - Redevelopment Agency,
I
r 659,196
-3,539,296
4,198,492
4,198,492
Note 1 - The appropriations and encumbrances listed will be adjusted to reflect actual expenditures as of June 30, 2003