RDA Resolution 2004-012
RESOLUTION NO. RA 2004-012
: A RESOLUTION OF THE LA QUINT A REDEVELOPMENT AGENCY
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> APPROVING A BUDGET FOR FISCAL YEAR 2004-2005
. 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:
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i SECTION 1. The Fiscal Year 2004-2005 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 2003-04, are approved in the Fiscal Year
2004/2005 Budget in an amount not to exceed $66,075,550 (Attachment 1).
SECTION 3. Encumbrances for Fiscal Year 2003-04 for committed
appropriations are approved in the Fiscal Year 2004-05 budget in an amount not to
exceed $883,943 (Attachment 1).
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SECTION 4. udget adjustment procedures are approved as follows:
A. dditional appropriations and the transfer of cash or
nappropriated fund balance from one fund to another shall be
ade only upon Redevelopment Agency approval.
B. ransfers of budgeted appropriations between divisions or
apital projects shall be made only upon Redevelopment Agency
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Resolution No. RA 2004-012
Budget - FY 2004/2005 l
Adopted: July 20,2004 .,
P8ge 2
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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 Encumbraryces
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 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 on this 20th day of July, 2004, .by the following ---,
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vote: 1
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AYES: Members Adolph, Osborne, Perkins, Sniff, Chair Henderson
NOES: None
ABSENT: None
ABSTAIN: None
TERRY NDERSON, Chair
La Quint Redevelopment Agency
ATTEST:
72' . J
d/1 JUN. GREEK, CMC, Agency ecretary j
U La Quinta Redevelopment Agency
(Seal) .
Resolution No. RA 2004-012
¡- Budget - FY 2004/2005
I.. Adopted: July 20, 2004
P8ge 3
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APPROVED AS TO FORM:
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