RDA Resolution 2009-004RESOLUTION NO. RA 2009 - 004
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY APPROVING A BUDGET FOR FISCAL YEAR
2009/2010
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 2009/2010 Budget which is on file with the La Quinta
Redevelopment Agency Secretary is hereby approved.
SECTION 2. Continuing Appropriations which remain unspent and were -a'uthorized by
Council in Fiscal Year 2008/2009 are approved in the Fiscal Year �0'0'9�'k"4*0'�Budget
in an amount not to exceed $1,238,800 (Attachment 1).
SECTION 3. 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 ' :Redevelop rment
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.
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.
Resolution No. RDA 2009-004
FY 2009/2010 Budget Adoption
Adopted: July 7, 2009
Page 2
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 7th day of July, 2009, by the following vote:
AYES: Agency Members Adolph, Evans, Henderson, Sniff, Chairperson Franklin
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
J.
LarQui�fa'-Reffevelopme
(AGENCY SEAL)�
KRISTY)FRTNKLIN, Agency Chairperson
La Quinta Redevelopment Agency
D, CMC, Agency Secretary
Agency
1�4,�ATIJARINE�JfNSON, Agency Counsel
L�a'9�la Redevelopment Agency
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