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HA Resolution 2012-006RESOLUTION NO. HA 2012 - 006 A RESOLUTION OF THE LA QUINTA HOUSING AUTHORITY APPROVING A BUDGET FOR FISCAL YEAR 2012/2013 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 2012/2013 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 201 1 /2012 are approved in the Fiscal Year 2012/2013 Budget in an amount not to exceed $65,000 (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 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 approvaI ofAhe%; Executive Director or his designee. D. Prior year budget continuing Appropriations andEricumbrances foi-_:7 unexpended capital project appropriations remaining ,;.from- Resolution No. HA 2012-006 Budget Approval FY 2012/2013 Adopted: July 3, 2012 Page 2 uncompleted prior year capital projects shall be made with 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 3rd day of July, 2012, by the following vote: AYES: Authority Members Adolph, Franklin, Henderson, Osborne, Chair Evans NOES: None ABSENT: None ABSTAIN: None ATTEST: / C LINDA EVANS, Chairperson La Quinta Housing Authority L7 SUSAN MAYSELS, Inte(#n Secretary La Quinta Housing Authority SEALâ–º Resolution No. HA 2012-006 Budget Approval FY 2012/2013 Adopted: July 3, 2012 Page 3 APPROVED AS TO FORM: M. KATHERINE JE La Quinta Housing La Quinta Housing Authority Fiscal Year 2041N2 Continuing Appropriations/Encumbrances - Note 1 EXHIBIT A 25Jun-12 As Presented in Bud et Documents Department Account Descri tion Continuing A -nation Encumbrances Total Housing Authority PA 1 241-9101-705.51-43 Total 53-645 Avenida Navarro 2nd Trust Deed 65,000 65,000 65,000 0 65000 Housing Authority PA 2 Total Total Housing Authority 65,000 0 65 000. Note 1 - The appropriations and encumbrances listed will be adjusted to reflect actual expenditures as of June 30, 2012 in Fiscal Year 2011-2012