2011 07 05 FANOTICE AND CALL OF SPECIAL MEETING
OF THE LA QUINTA FINANCING AUTHORITY
TO THE MEMBERS OF THE FINANCING AUTHORITY OF THE CITY OF LA QUINTA
AND TO THE CITY CLERK:
NOTICE IS HEREBY GIVEN that a special meeting of the Financing Authority
of the City of La Quinta is hereby called to be held on July 5,. 2011 at 4:00 p.m.,
at La Quinta Civic Center, City Council Chamber, 78495 Calle Tampico, La Quinta,
CA 92253.
Said special meeting shall be for the purpose of adopting
a resolution approving the fiscal year 201 1-2012 La
Quinta Financing Authority budget.
Dated: June 30, 2011 1 - . �'—p
Chair I irsonj—
Attes
Veronica J. ontecino, CMC
Secretary
DECLARATION OF POSTING
I, Veronica J. Montecino, CIVIC, Secretary of the Housing Authority, do hereby
declare that the foregoing agenda for the Special La Quinta Housing Authority
meeting of July 5, 2011, was posted on the outside entry to the Council Chamber
at 78-495 Calle Tampico and on the bulletin boards at 51-321 Avenida Bermudas
and 78-630 Highway 1 1 1 on June 30, 2011.
DATED: une 30, 2011
Veronica J. tecino, Secretary 001
La Quinta ousing Authority, California
Housing Authority Agenda 1 May 17, 2011
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OF
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
SPECIAL MEETING
TUESDAY, JULY 5, 2011 — 4:00 P.M.
Beginning Resolution No. FA 2011-004
CALL TO ORDER
Roll Call:
Board Members: Evans, Franklin, Henderson, Sniff, and Chairman Adolph
PUBLIC COMMENT
At this time members of the public may address the Financing Authority on any matter not
listed on the agenda. Please complete a "request to speak" form and limit your comments
to three minutes.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES - NONE
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1. ADOPTION OF A RESOLUTION APPROVING THE FISCAL YEAR 2011/2012
LA QUINTA FINANCING AUTHORITY BUDGET
BUSINESS SESSION — NONE
002
FINANCING AUTHORITY AGENDA 1 JULY 5, 2011
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
The next regular meeting of the Financing Authority will be held on JULY 19, 2011
at 4:00 p.m. in the City Council Chambers, 78-495 Calle Tampico, La Quinta, CA
92253.
DECLARATION OF POSTING
I, Veronica Montecino, City Clerk of the City of La Quinta, do hereby declare that
the foregoing agenda for the La Quinta Financing Authority meeting of JULY 5,
2011, was posted on the outside entry to the Council Chamber at 78-495 Calle
Tampico and on the bulletin boards at 51-321 Avenida Bermudas and 78-630
Highway 111, on JULY 1, 2011.
17119:111
VERONICA
City of La i
Public Notice
Any writings or documents provided to a majority of the Financing Authority regarding any
item on this agenda will be made available for public inspection at the City Clerk counter at
City Hall located at 78-495 Calle Tampico, La Quinta, California, 92253, during normal
business hours.
003
FINANCING AUTHORITY AGENDA 2 JULY 5, 2011
ceitij/ 4 XP Qumrcv
COUNCHJRDA MEETING DATE: July 5, 2011
ITEM TITLE: Adoption of a Resolution Approving the
Fiscal Year 201 1 /2012 La Quinta Housing Authority
Budget
RECOMMENDATION:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Adopt a Resolution of the La Quinta Housing Authority approving the Fiscal Year
2011 /2012 La Quinta Housing Authority Budget.
SEE CITY COUNCIL STAFF REPORT
M
RESOLUTION NO. HA 2011-
A RESOLUTION OF THE LA QUINTA HOUSING
AUTHORITY APPROVING A BUDGET FOR FISCAL
YEAR 2011 /2012
WHEREAS, each year the La Quinta Housing Authority adopts a Budget for
Revenues and Expenditures for the upcoming Fiscal Year; and
WHEREAS, the Housing Authority desires to make provisions for a level of
services commensurate with the needs of the City; and
WHEREAS, the Housing Authority has reviewed said budget and has had several
public meetings to receive public input; and
WHEREAS, the Housing Authority 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 Housing Authority to
adopt, as follows:
SECTION 1. The Fiscal Year 201 1 /2012 Budget which is on file with the La
Quinta Housing Authority Secretary is hereby approved.
SECTION 2. Continuing Appropriations which remain unspent and were
authorized by Council in Fiscal Year 2010/2011 are approved in the Fiscal Year
201 1 /2012 Budget in an amount not to exceed $0.
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 Housing Authority approval.
B. Transfers of budgeted appropriations between divisions or capital
projects shall be made only upon Housing Authority 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
005
Resolution No. HA 2011-
Budget Approval FY 2011/2012
Adopted: July 5, 2011
Page 2
Executive Director approval. These carry-over appropriations are
for prior year Housing Authority approved capital projects and shall
not exceed the approved project budget.
SECTION 4. The Executive Director shall render a monthly report to the Housing
Authority on the status of City operations as it relates to the approved budget and any
amendments thereto.
PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta Housing
Authority held on this 51" day of July, 2011, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
KRISTY FRANKLIN, Chair
La Quinta Housing Authority
ATTEST:
VERONICA J. MONTECINO, CMC, Secretary
La Quinta Housing Authority
(SEAL)
Resolution No. HA 2011-
Budget Approval FY 2011 /2012
Adopted: July 5, 2011
Page 3
APPROVED AS TO FORM:
M. KATHERINE JENSON, Authority Counsel
La Quinta Housing Authority
007