SA Resolution 2014-007RESOLUTION NO. SA 2014-007
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE LA
QUINTA REDEVELOPMENT AGENCY APPROVING A
BUDGET FOR FISCAL YEAR 2014/2015
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 that 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 2014/2015 Budget which is on file with the Successor
Agency to the La Quinta Redevelopment Agency Secretary is hereby approved.
SECTION 2. 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 Successor Agency
approval.
B. Transfers of budgeted appropriations between divisions or capital projects shall
be made only upon Successor 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
Resolution No. SA 2014-007
Budget Approval FY 2014/2015
Adopted: June 17, 2014
Page 2 of 3
appropriations are for prior year Redevelopment Agency approved capital
projects and shall not exceed the approved project budget.
SECTION 3. 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 at a regular meeting of the Successor
Agency to the La Quinta Redevelopment Agency held on this 17th day of June, 2014,
by the following vote:
AYES: Agency Members Evans, Franklin, Henderson, Osborne, Chair Adolph
NOES: None
ABSENT: None
ABSTAIN: None
DON ADOLRH, ChairlArson
City of La Quinta Acting as Successor
Agency to the La Quinta Redevelopment
Agency
ATTEST:
SUSAN MAYSELS, SecrelOry
City of La Quinta Acting as Successor
Agency to the La Quinta Redevelopment Agency
(AGENCY SEAL)
Resolution No. SA 2014-007
Budget Approval FY 2014/2015
Adopted: June 17, 2014
Page 3of3
APPROVED AS TO FO
M. K/AT-WTZ j-!MNE JENSON, Agency Counsel
City of La Quinta Acting as Successor
Agency to the La Quinta Redevelopment Agency