SA Resolution 2012-009RESOLUTION NO. SA 2012 - 009
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE LA
QUINTA REDEVELOPMENT AGENCY APPROVING A
BUDGET FOR FISCAL YEAR 2012/2013
WHEREAS, each year the Successor Agency to the La Quinta Redevelopment
Agency adopts a Budget for Revenues and Expenditures for the upcoming Fiscal Year;
and
WHEREAS, the Successor Agency to the La Quinta Redevelopment Agency
desires to make provisions for a level of services commensurate with the needs of the
City; and
WHEREAS, the Successor Agency to the La Quinta Redevelopment Agency
has reviewed said budget and has had several public meetings to receive public input;
and
WHEREAS, the Successor Agency to 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 Successor Agency to the La Quinta
Redevelopment Agency to adopt, as follows:
SECTION 1. The Fiscal Year 2012/2013 Budget which is on file with the Successor
Agency to 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 2011 /2012 are approved in the Fiscal Year 2012/2013
Budget in an amount not to exceed $1,000,702 and encumbrances are approved in
the Fiscal Year 2012/2013 Budget in an amount of $0 (Exhibit A).
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 Redevelopment Agency approval.
B. Transfers of budgeted appropriations between divisions or capital
projects shall be made only upon Redevelopment Agency approval.
Resolution No. SA 2012-009
Budget Approval FY 2012/2013
Adopted: July 3, 2012
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 Successor
Agency 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 ate regular meeting of the Successor
Agency to the La Quinta Redevelopment Agency held on this 3rd day of July, 2012,
by the following vote:
AYES:Agency Members Evans, Franklin, Henderson, Osborne, Chair Adolph
NOES: None
ABSENT: None
ABSTAIN: None
DON ADOLPH, Chair
City of La Quinta Acting as Successor
Agency to the Dissolved La Quinta
Redevelopment Agency
Resolution No. SA 2012-009
Budget Approval FY 2012/2013
Adopted: July 3, 2012
Page 3
ATTEST:
SUSAN MAYSELS, Inter Secretary
City of La Quinta Acting as Successor Agency
to the Dissolved La Quinta Redevelopment Agency
(AUTHORITY SEAL)
AS
V. KATHERI JEN N, Agency Counsel
City of La Q cting as Successor Agency to
the Dissolved La Quinta Redevelopment Agency
Successor Agency to the La Quints Redevelopment Agency
Fiscal Year 2011M2 Continuing AppropriattonslEncumbrances - Note 1
cs resented in Bu at Documents
Continuing
ccount Descri fion
ro riation Encumbrances Tota2-702.80-05
L14
Tone Nissan Agreement
1,0007otal
1000,70
1,000,702
0
1 000 70T
Note 1 - The appropriations and encumbrances listed will be adjusted to reflect actual expenditures as of June 30, 2012 in Fiscal Year 2011-2012