HA Resolution 2018-002RESOLUTION NO. HA 2018 - 002
A RESOLUTION OF THE LA QUINTA HOUSING AUTHORITY
APPROVING A BUDGET FOR FISCAL YEAR 2018/19
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 2018/19 Budget, which is on file with the La Quinta Housing
Authority 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 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 Executive Director approval. These carry-over
appropriations are for prior year Housing Authority approved capital projects and
shall not exceed the approved project budget.
Resolution No. HA 2018-002
Budget Approval FY 2018/19
Adopted: June 19, 2018
Page 2 of 2
SECTION I The Executive Director shall render a monthly report on the status of City
operations as it relates to the approved budget and any amendments thereto.
SECTION 4. Continuing Appropriations which remain unspent and were authorized by
Authority in Fiscal Year 2017/18 are approved in the Fiscal Year 2018/19 Budget in an
amount not to exceed $10,277,200 (Exhibit A).
PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta Housing
Authority held on this 19th day of June, 2018, by the following vote:
AYES: Authority Members Evans, Fitzpatrick, Pena, Radi, Chairperson Sanchez
NOES: None
ABSENT: None
ABSTAIN: None
STEVE SA hairperson
La Qui ousing Authority, California
ATTEST:
MONIKA ADEV /Acting A[ thority Secretary
La Quinta Housing Authority, California
(SEAL)
APPROVED AS TO FORM:
WILLIAM H. IHRKE, Authority Legal Counse
La Quinta Housing Authority, California
EXHIBIT A
RESOLUTION NO. HA 2018-002
Continuing Appropriations/Corryovers from 2017118 to 2018119
Vendor/Program
Account Number
Description
Amount
Washington Street Apts Rehabilition Project
248-9102-60103
Professional Services
145,000
Washington Street Apts Rehabilition Project
248-9102-60159
Relocation Benefits
190,000
Washington Street Apts Rehabilition Project
248-9102-60185
Design/Construction
240,200
Washington Street Apts Rehabilition Project
248-9102-60198
Planning & Development
807,000
Washington Street Apts Rehabilition Project
249-9102-60188
Construction
8,895,000
TOTAL CARRYOVERS
$10,277,200
NOTE. All carryovers are estimates based on projected invoices to end 2017118. Upon completion of the final audit (October
2018), Finance will verify account balances and carryover remaining funds. In no event shall a carryover exceed the per account
amount noted above.