RDA Resolution 2011-029RESOLUTION NO. RA 2011-029
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY APPROVING A BUDGET FOR FISCAL YEAR
2011/2012
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 2011/2012 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
the Agency in Fiscal Year 2010/2011 are approved in the Fiscal Year 2011/2012
Budget in an amount not to exceed $1,658,500 and encumbrances are approved in
the Fiscal Year 2011/2012 Budget in an amount of 5,425 (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,
Agency approval.
B. Transfers of budgeted appropriations between divisions or capital projects shajl
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 RA 2011 -029
Approving FY 2011/2012 Budget
Adopted: July 5, 2011
Page 2 of 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 Quints
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 5 day of July, 2011, by the following vote:
AYES: Agency Members Adolph, Evans, Franklin, Sniff, Chair Henderson
NOES: None
ABSENT: None
ABSTAIN: None
TERRY
La Quii
A'
NCY SEAL)
J, CIVIC, Agency Secretary
Agency
FORM:
, Chairperson
rnent Agency
M. KATHER1NE JENSPN, Agency Counsel
La Quints Redevelopment Agency