2023 06 20 HA Special Meeting— GEM of the DESERT —
NOTICE AND CALL OF SPECIAL MEETING
OF THE LA QUINTA HOUSING AUTHORITY
TO THE MEMBERS OF THE LA QUINTA HOUSING AUTHORITY AND TO THE AUTHORITY
SECRETARY:
NOTICE IS HEREBY GIVEN that a Special Meeting of the La Quinta Housing Authority is
hereby called to be held on Tuesday, June 20, 2023, commencing at 4:00 p.m. (or thereafter)
at La Quinta City Hall located at 78495 Calle Tampico, La Quinta, CA 92253 for the following
purpose:
CONSENT CALENDAR
APPROVE SPECIAL HOUSING AUTHORITY MEETING MINUTES DATED JUNE 6,
2023
BUSINESS SESSION
ADOPT RESOLUTION TO APPROVE FISCAL YEAR 2023/24 LA QUINTA HOUSING
AUTHORITY BUDGET [RESOLUTION NO. HA 2023-0031
Dated: June 16, 2023
/sl Tohn Pena
JOHN PENA, Chairperson
Attest:
-ft r
MONIKA RADEVA, Authority Secretary
DECLARATION OF POSTING
I, Monika Radeva, Authority Secretary, do hereby declare that the foregoing notice for the
Special Meeting of the Housing Authority of the City of La Quinta on June 20, 2023, was posted
on the City's website, near the entrance to the Council Chamber at 78495 Calle Tampico, and
the bulletin board at the La Quinta Cove Post Office at 51321 Avenida Bermudas, on June 16,
2023.
MONIKA RADEVA, Authority Secretary
La Quinta Housing Authority
LA QUINTA HOUSING AUTHORITY
SPECIAL MEETING Page 1 of 1 JUNE 20, 2023
ta Qa�fra
— GEM of the DESERT —
Housing Authority agendas and staff
reports are available on the City's
web site: www.laauintaca.gov
HOUSING AUTHORITY
AGENDA
CITY HALL COUNCIL CHAMBER
78495 Calle Tampico La Quinta
SPECIAL MEETING
TUESDAY, JUNE 20, 2023 AT 4:00 P.M. (or thereafter)
Members of the public may listen to this meeting by tuning -in live via
http://laquinta.12milesout.com/video/live.
CALL TO ORDER
ROLL CALL: Authority Members: Evans, Fitzpatrick, McGarrey, Sanchez, and
Chairperson Pena
VERBAL ANNOUNCEMENT — AB 23 [AUTHORITY SECRETARY]
PUBLIC COMMENTS - INSTRUCTIONS
Members of the public may address the Housing Authority on any matter listed or not
listed on the agenda as follows:
WRITTEN PUBLIC COMMENTS can be provided either in -person during the meeting by
submitting 15 copies to the Authority Secretary, it is requested that this takes place prior
to the beginning of the meeting; or can be emailed in advance to
CityClerkMail(o)LaQuintaCA.gov, no later than 12:00 p.m., on the day of the meeting.
Written public comments will be distributed to the Housing Authority, made public, and
will be incorporated into the public record of the meeting, but will not be read during the
meeting unless, upon the request of the Chairperson, a brief summary of public
comments is asked to be reported.
HOUSING AUTHORITY AGENDA Page 1 of 4 JUNE 20, 2023
SPECIAL MEETING
If written public comments are emailed, the email subject line must clearly state "Written
Comments" and should include: 1) full name, 2) city of residence, and 3) subject
matter.
VERBAL PUBLIC COMMENTS can be provided in -person during the meeting by
completing a "Request to Speak" form and submitting it to the Authority Secretary; it is
requested that this takes place prior to the beginning of the meeting. Please limit your
comments to three (3) minutes (or approximately 350 words). Members of the public shall
be called upon to speak by the Chairperson.
In accordance with City Council Resolution No. 2022-027, a one-time additional speaker
time donation of three (3) minutes per individual is permitted; please note that the member
of the public donating time must: 1) submit this in writing to the Authority Secretary by
completing a "Request to Speak" form noting the name of the person to whom time is
being donated to, and 2) be present at the time the speaker provides verbal comments.
Verbal public comments are defined as comments provided in the speakers' own voice
and may not include video or sound recordings of the speaker or of other individuals or
entities, unless permitted by the Chairperson.
Public speakers may elect to use printed presentation materials to aid their comments;
15 copies of such printed materials shall be provided to the Authority Secretary to be
disseminated to the Housing Authority, made public, and incorporated into the public
record of the meeting; it is requested that the printed materials are provided prior to the
beginning of the meeting. There shall be no use of Chamber resources and technology
to display visual or audible presentations during public comments, unless permitted by
the Chairperson.
All writings or documents, including but not limited to emails and attachments to emails,
submitted to the City regarding any item(s) listed or not listed on this agenda are public
records. All information in such writings and documents is subject to disclosure as being
in the public domain and subject to search and review by electronic means, including but
not limited to the City's Internet Web site and any other Internet Web -based platform or
other Web -based form of communication. All information in such writings and documents
similarly is subject to disclosure pursuant to the California Public Records Act
[Government Code § 7920.000 et seq.].
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
At this time, members of the public may address the Housing Authority on any matter not
listed on the agenda pursuant to the "Public Comments — Instructions" listed above. The
Housing Authority values your comments; however, in accordance with State law, no
action shall be taken on any item not appearing on the agenda unless it is an emergency
item authorized by the Brown Act [Government Code § 54954.2(b)].
HOUSING AUTHORITY AGENDA Page 2 of 4 JUNE 20, 2023
SPECIAL MEETING
TELECONFERENCE ACCESSIBILITY — INSTRUCTIONS
Teleconference accessibility may be triggered in accordance with AB 2449 (Stats. 2022,
Ch. 285), codified in the Brown Act [Government Code § 549531, if a member of the
Housing Authority requests to attend and participate in this meeting remotely due to `just
cause" or "emergency circumstances, " as defined, and only if the request is approved. In
such instances, remote public accessibility and participation will be facilitated via Zoom
Webinar as detailed at the end of this Agenda.
CONFIRMATION OF AGENDA
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
PAGE
APPROVE SPECIAL HOUSING AUTHORITY MEETING MINUTES DATED
JUNE 6, 2023
BUSINESS SESSION
PAGE
ADOPT RESOLUTION TO APPROVE FISCAL YEAR 2023/24 LA QUINTA
HOUSING AUTHORITY BUDGET [RESOLUTION NO. HA 2023-003]
HOUSING AUTHORITY MEMBERS' ITEMS
ADJOURNMENT
***************************************
The next regular quarterly meeting of the Housing Authority will be held on July 18, 2023,
at 4:00 p.m. in the City Council Chamber, 78495 Calle Tampico, La Quinta, CA 92253.
DECLARATION OF POSTING
I, Monika Radeva, Authority Secretary of the La Quinta Housing Authority, do hereby
declare that the foregoing agenda for the La Quinta Housing Authority was posted on the
City's website, near the entrance to the Council Chamber at 78495 Calle Tampico, and
the bulletin board at the La Quinta Cove Post Office at 51321 Avenida Bermudas, on
June 16, 2023.
DATED: June 16, 2023
Vit
MONIKA RADEVA, Authority Secretary
La Quinta Housing Authority
HOUSING AUTHORITY AGENDA Page 3 of 4 JUNE 20, 2023
SPECIAL MEETING
Public Notices
• Agenda packet materials are available for public inspection: 1) at the Clerk's Office at
La Quinta City Hall, located at 78495 Calle Tampico, La Quinta, California 92253; and
2) on the City's website at https://www.laguintaca.gov/business/city-council/housing-
authority-agendas/, in accordance with the Brown Act [Government Code § 54957.5;
AB 2647 (Stats. 2022, Ch. 971)].
The La Quinta City Council Chamber is handicapped accessible. If special equipment
is needed for the hearing impaired, please call the City Clerk's office at (760) 777-
7123, 24-hours in advance of the meeting and accommodations will be made.
If background material is to be presented to the Housing Authority during a Housing
Authority meeting, please be advised that 15 copies of all documents, exhibits, etc.,
must be supplied to the Authority Secretary for distribution. It is requested that this
takes place prior to the beginning of the meeting.
*** TELECONFERENCE PROCEDURES — PURSUANT TO AB 2449***
APPLICABLE ONLY WHEN TELECONFERENCE ACCESSIBILITY IS IN EFFECT
Verbal public comments via Teleconference — members of the public may attend
and participate in this meeting by teleconference via Zoom and use the "raise your
hand" feature when public comments are prompted by the Chair; the City will facilitate the
ability for a member of the public to be audible to the Housing Authority and general public
and allow him/her/them to speak on the item(s) requested. Please note — members of
the public must unmute themselves when prompted upon being recognized by the
Chairperson, in order to become audible to the Housing Authority and the public.
Only one person at a time may speak by teleconference and only after being recognized by
the Chair.
ZOOM LINK: https://us06web.zoom.us/m/82540879912
Meeting ID: 825 4087 9912
Or join by phone: (253) 215 — 8782
Written public comments — can be provided in person during the meeting or emailed to
the City Clerk's Office at CityClerkMail(a-)-LaQuintaCA.gov any time prior to the
adjournment of the meeting, and will be distributed to the Housing Authority, made public,
incorporated into the public record of the meeting, and will not be read during the meeting
unless, upon the request of the Chairperson, a brief summary of any public comment is
asked to be read, to the extent the City Clerk's Office can accommodate such request.
HOUSING AUTHORITY AGENDA Page 4 of 4 JUNE 20, 2023
SPECIAL MEETING
COSENT CALENDAR ITEM NO. 1
HOUSING AUTHORITY
SPECIAL MEETING
MINUTES
TUESDAY, JUNE 6, 2023
CALL TO ORDER
A special meeting of the La Quinta Housing Authority (Authority) was called to order at
7:29 p.m. by Chairperson Pena.
PRESENT: Authority Members: Evans, Fitzpatrick, McGarrey, Sanchez, and
Chairperson Pena
ABSENT: None
VERBAL ANNOUNCEMENT — AB 23 was made by the Authority Secretary
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA — None
CONFIRMATION OF AGENDA — Confirmed
CONSENT CALENDAR
1. APPROVE SPECIAL HOUSING AUTHORITY MEETING MINUTES OF MAY 16,
2023
2. ADOPT RESOLUTION TO APPROVE AGREEMENT FOR PURCHASE AND
SALE AND ESCROW INSTRUCTIONS BETWEEN THE LA QUINTA HOUSING
AUTHORITY AND DEAN FAMILY TRUST FOR VACANT PARCEL LOCATED AT
52155 AVENIDA VILLA; ASSESSOR'S PARCEL NUMBER 773-233-019
[RESOLUTION NO. HA 2023-0021
MOTION — A motion was made and seconded by Authority Members Evans/Sanchez to
approve the Consent Calendar as recommended, with Item No. 2 adopting Resolution
No. HA 2023-002. Motion passed unanimously.
STUDY SESSION
1. DISCUSS FISCAL YEAR 2023/24 PROPOSED HOUSING AUTHORITY
BUDGET
Finance Director Martinez presented the staff report which is on file at the Clerk's Office.
The Authority discussed the recent land acquisitions of various vacant parcels and the
Dune Palms Mobil Estates; the State's partial repayment of the Redevelopment Agency
loan; and looking forward to coming up with ideas to build workforce housing projects on
HOUSING AUTHORITY MINUTES
SPECIAL MEETING
Page 1 of 2
JUNE 6, 2023
5
the acquired parcels to help meet the City's Regional Housing Needs Allocation mandates
imposed by the State; requested that staff provide a summary at a future meeting,
regarding the operational expenses and improvement investments related to the Dune
Palms Mobile Estate property to better understand how it is progressing; and the City's
opposition to Senate Bill 584 (2023, Limon), which was discussed by Council and Staff
as potentially being placed in the suspense file, proposing to impose a 15% transient
occupancy tax on short-term rentals, in addition to existing tax requirements, to be
collected by the state for affordable housing projects, to be distributed to regional and
local agencies depending on qualifying criteria.
HOUSING AUTHORITY MEMBERS' ITEMS — None
ADJOURNMENT
There being no further business, it was moved and seconded by Authority Members
Fitzpatrick/McGarrey to adjourn at 7:39 p.m. Motion passed unanimously.
Respectfully submitted,
MONIKA RADEVA, Authority Secretary
La Quinta Housing Authority
HOUSING AUTHORITY MINUTES Page 2 of 2 JUNE 6, 2023
SPECIAL MEETING
BUSINESS SESSION ITEM NO. 1
City of La Quinta
HOUSING AUTHORITY MEETING: June 20, 2023
STAFF REPORT
AGENDA TITLE: ADOPT RESOLUTION TO APPROVE FISCAL YEAR 2023/24 LA
QUINTA HOUSING AUTHORITY BUDGET
RECOMMENDATION
Adopt a Resolution of the La Quinta Housing Authority approving the fiscal year 2023/24
Housing Authority Budget.
EXECUTIVE SUMMARY
• Annually, the budget for the La Quinta Housing Authority is prepared and submitted
for the Housing Authority's review and approval.
• The Housing Commission reviewed and approved the Housing Authority's Budget.
• The Housing Fund (241) includes operating revenue of $1,401,500 and total
expenditures of $1,596,340. The shortfall ($194,840) will be covered by fund
balance (estimated at $11.8 million).
• The RDA Low -Mod Fund (243) recognizes loan repayments in unassigned reserves.
The loan repayment for 2023/24 will be $687,415. Expenditures for this fund total
$250,000.
• Low/Moderate Bond Funds (249) are for the acquisition of real property and the
evaluation of future affordable housing projects.
FISCAL IMPACT
Project expenditures for all Housing Funds are $2,096,340 with revenues of $2,154,915
(inclusive of the loan repayment). Twenty percent ($687,415) of the annual loan
repayments from the Successor Agency are designated for housing (eighty percent goes to
the General Fund).
BACKGROUND/ANALYSIS
The Housing Authority reviewed and commented on the proposed budget on June 6, 2022.
Staff provided an overview of the proposed budget to the Housing Commission on June 14,
2023. There were no further recommendations for adjustments from these study sessions.
Line item details for revenues and expenses are located in Attachment 1.
ALTERNATIVES
The Authority may further adjust the various appropriations.
Prepared by: Claudia Martinez, Housing Authority Finance Director
Approved by: Jon McMillen, Housing Authority Executive Director
Attachment: 1. Fiscal Year 2023/24 Housing Authority Budget
RESOLUTION NO. HA 2023 — XXX
A RESOLUTION OF THE HOUSING AUTHORITY OF THE
CITY OF LA QUINTA, CALIFORNIA, APPROVING FISCAL
YEAR 2023/24 BUDGET
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.
NOW, THEREFORE, BE IT RESOLVED by the La Quinta Housing Authority to
adopt, as follows:
SECTION 1. The Fiscal Year 2023/24 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.
SECTION 3. 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.
M
Resolution No. HA 2023 - XXX
Budget Approval FY 2023/24
Adopted: June 20, 2023
Page 2 of 2
PASSED, APPROVED, and ADOPTED at a special meeting of the La Quinta Housing
Authority held on this 20th day of June 2023, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
JOHN PENA, Chairperson
La Quinta Housing Authority,
California
ATTEST:
MONIKA RADEVA, Authority Secretary
La Quinta Housing Authority, California
(AUTHORITY SEAL)
APPROVED AS TO FORM:
WILLIAM H. IHRKE, Authority Attorney
La Quinta Housing Authority, California
`Nl
Housing Authority
Adopted Budget
ta QUL&(V
CITY OF LA QUINTA
FY 2023/24 ADOPTED BUDGET
HOUSING AUTHORITY 2023/24 BUDGET SUMMARY
Housing Fund Revenues 2022/23
Current 2023/24
Proposed 2023/24
AdoptedVariance
Adopted
241 - Housing Authority
1,451,500
1,401,500
1,401,500
(50,000)
-3%
243 - RDA Low -Mod Housing
20,000
30,000
30,000
10,000
50%
249 - SA 2011 Low/Mod Bond
1,412,009
36,000
36,000
(1,376,009)
-97%
Total Revenues
2,883,509
1,467,500
1,467,500
(1,416,009)
-49%
RDA Loan Repayment
673,936
687,415
687,415
13,479
OperatingTotal
Variance
Housing Fund Expenditures i2023/24
Adopted
Current vs. O/o
Change
Adopted
241 - Housing Authority
1,712,670
1,559,467
1,596,340
(116,330)
-7%
243 - RDA Low -Mod Housing
305,000
250,000
250,000
(55,000)
-18%
249 - SA 2011 Low/Mod Bond
3,644,192
250,000
250,000
3 394 192
-93%
Total Expenditures
5,661,862
2,059,467
0.
Budget Surplus/(Deficit)
(2,104,417)
58,575
sF LAJMRIITA■ ■ ■ -
■ -
EW
ESTIMATED
ESTIMATED
AVAILABLE
ENDING FUND
FUND
FUND BALANCE
ESTIMATED
ESTIMATED
BALANCE
#
FUND NAME
July 1, 2023
REVENUES
EXPENDITURES
d0une30,2024
241
HOUSING AUTHORITY FUND
12,000,000
1,401,500
1,596,340
11,805,160
243*
RDA LOW -MOD HOUSING FUND
3,000,000
717,415
250,000
3,467,415
249
SA 2011 LOWIMOD BOND
800,000
36,000
250,000
586,000
GRAND TOTAL
15,800,000
2,154,915
2,096,340
15,858,575
* General Fund and RDA Low -Mod Housing Fund estimates are for unappropriated reserves and included annual Successor
Agency loan repayments as approved with the last and final recognized obligation payment schedule. The repayment for FY
2023/24 is $687,415.
ilK
CITY OF LA QUINTA
HOUSING AUTHORITY REVENUE DETAIL
FY 2023/24 ADOPTED BUDGET
2021/22
2022/23
2023/24
2023/24
Actuals
Current
Proposed
Adopted
241 - HOUSING AUTHORITY
241-9101-41900
Allocated Interest
99,822
100,000
150,000
150,000
241-9101-41910
GASB 31 Interest
(385,817)
0
0
0
241-9101-41915
Non -Allocated Interest
430
500
500
500
241-9101-42301
Miscellaneous Revenue
226
0
0
0
241-9101-42706
Loan Repayments
96,215
0
0
0
241-9101-43504
2nd Trust Deed Repayments
130,179
100,000
100,000
100,000
241-9101-45000
Sale of Other Assets
367,078
200,000
0
0
241-9102-42305
Miscellaneous Reimbursements
(1,820)
0
0
0
241-9103-43502
Rent Revenue/LQRP
306,372
300,000
350,000
350,000
241-9104-42112
Rent Revenue/Tenant/Dune Palms
791,261
750,000
800,000
800,000
241-9104-42302
Miscellaneous Revenue/Dune Palrr
0
1,000
1,000
1,000
Tota 1:
1,403,947
1,451,500
1,401,500
1,401,500
243 - RDA LOW -MOD HOUSING FUND
243-0000-41900 Allocated Interest
24,081
20,000
30,000
30,000
243-0000-41910 GASB 31 Interest
(102,401)
0
0
0
243-0000-48500 Extraordinary Gain
121,903
0
0
0
Total:
43,583
20,000
30,000
30,000
249 - SA 2011 LOW/MOD BOND FUND (Refinances
249-0000-41900 Allocated Interest
5,494
5,000
6,000
6,000
249-0000-41910 GASB 31 Interest
(26,759)
0
0
0
249-0000-41915 Non -Allocated Interest
29,442
20,000
30,000
30,000
249-0000-49500 Transfers In
0
1,387,009
0
0
Total:
8,177
1,412,009
36,000
36,000
HOUSING AUTHORITY REVENUE
1,455,707
2,883,509
1,467,500
1,467,500
The Housing Authority budget invests in programs and projects that preserve and increase the supply of affordable
housing in the City.
241 Housing Authority Fund: Second Trust Deed Payments and Home Sale Proceeds vary from year-to-year. Additional
repayment of silent second trust deeds are recognized upon receipt.
241-9101-45000, Sale of Other Assets revenues in FY 2021/2022 reflects the purchase and sale agreement between
the City of La Quinta and the La Quinta Housing Authority for vacant parcels to be used for future low/moderate
affordable housing.
243 RDA Low -Mod Housing Fund: The 2023/24 former Redevelopment Agency loan repayment of $687,415 will be
recognized in reserves within this Fund.
249 Successor Agency (SA) 2011 Low/Mod Bond Fund was used for the acquisition of the vacant property located west
of the Home Depot Center on Highway 111, on the northeast corner of Highway 111 and Dune Palms Road proposed to
be developed as an affordable housing development with a connecting thoroughfare to CV Link. Remaining bond funds
continue to earn interest and are available for future housing projects.
13
CITY OF LA QUINTA
HOUSING AUTHORITY EXPENSE DETAIL
FY 2023/24 ADOPTED BUDGET
2021/22
2022/23
2023/24
2023/24
Actuals
Current
Proposed
Adopted
241 - HOUSING AUTHORITY
9101 - Housing
Authority - Admin
50 - Salaries and
Benefits
241-9101-50101
Permanent Full Time
252,219
278,970
305,327
312,700
241-9101-50105
Salaries - Overtime
172
0
0
0
241-9101-50110
Commissions & Boards
550
1,800
1,800
1,800
241-9101-50150
Other Compensation
103
200
200
200
241-9101-50200
PERS-City Portion
20,432
24,200
28,000
29,600
241-9101-50215
Other Fringe Benefits
2,000
0
3,640
3,640
241-9101-50221
Medical Insurance
44,830
69,300
67,000
67,000
241-9101-50222
Vision Insurance
415
0
0
0
241-9101-50223
Dental Insurance
2,337
0
0
0
241-9101-50224
Life Insurance
151
0
0
0
241-9101-50225
Long Term Disability
1,320
1,700
1,800
2,000
241-9101-50230
Workers Comp Insurance
5,900
5,900
5,900
13,400
241-9101-50240
Social Security -Medicare
3,697
4,000
4,200
4,600
241-9101-50241
Social Security -FICA
66
0
0
0
50 - Salaries and Benefits Totals
334,191 386,070 417,867 434,940
60 - Contract Services
241-9101-60103 Professional Services
74,532
60,000
75,000
75,000
241-9101-60106 Auditors
5,000
5,000
5,000
5,000
241-9101-60153 Attorney
15,792
20,000
20,000
20,000
60 - Contract Services Totals:
95,324
85,000
100,000
100,000
62 - Maintenance & Operations
241-9101-60320 Travel & Training
0
1,000
1,000
1,000
241-9101-60420 Operating Supplies
94
2,000
2,000
2,000
62 - Maintenance & Operations Totals:
94
3,000
3,000
3,000
69 - Internal Service Charges
241-9101-91843 Property & Crime Insurance
8,100
8,100
8,100
9,300
241-9101-91844 Earthquake Insurance
16,100
16,100
16,100
18,200
241-9101-98110 Information Tech Charges
53,400
64,400
64,400
80,900
69 - Internal Service Charges Totals:
77,600
88,600
88,600
108,400
9101 - Housing Authority - Admin Totals:
507,209
562,670
609,467
646,340
9103 - Housing Authority - LQRP
62 - Maintenance & Operations
241-9103-60157 Rental Expenses
251,793
250,000
300,000
300,000
62 - Maintenance & Operations Totals:
251,793
250,000
300,000
300,000
9103 - Housing Authority - LQRP Totals:
251,793
250,000
300,000
300,000
9104 - Dune Palms Mobile Estates
60 - Contract Services
241-9104-60103 Professional Services
101,257
100,000
100,000
100,000
241-9104-60157 Rental Expense
360,523
300,000
350,000
350,000
60 - Contract Services Totals:
461,780
400,000
450,000
450,000
68 - Capital Expenses
241-9104-72110 Building/Site Improvements
0
500,000
200,000
200,000
68 - Capital Expenses Totals:
0
500,000
200,000
200,000
9104 - Dune Palms Mobile Estates Totals: 461,780 900,000 650,000 650,000
241 - HOUSING AUTHORITY Totals: 1,220,781 1,712,670 1,559,467 1,596,340
241 Housing Authority Fund: These funds are used to account for the housing activities of the Housing Authority which are
to promote and provide quality affordable housing.
14
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE NOTES
Fund: 241 - HOUSING AUTHORITY
Permanent Full Time 312,700.00
FY 2023/24 ADOPTED BUDGET
20% - City Manager (80% City Manager)
10% - Finance Director (90% Finance)
10% - City Clerk (90% City Clerk)
40% - Director- Business Unit & Housing Development (60% City Manager)
60% - Management Analyst (40% Information Technology Fund)
60% - Management Specialist (40% City Manager)
80% - Management Assistant (20% City Manager)
Housing Authority Member Stipends (5)
Housing Commissioner Stipends
241-9101-60103 Professional Services 75,000.00
Housing compliance services
241-9101-60320 Travel & Training 1,000.00
For housing related training and staff development
241-9103-60157 Rental Expenses 300,000.00
Expenses associated with 28 homes owned by the Authority
which are located in the La Quinta Cove
241-9104-60103 Professional Services 100,000.00
For residential property management services at Dune Palms
Mobile Estates
241-9104-60157 Rental Expense 350,000.00
Expenses associated with 102 units owned by the Authority
which are located in North La Quinta
15
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE DETAIL
FY 2023/24 ADOPTED BUDGET
2021/22
2022/23
2023/24
2023/24
Actuals
Current
Proposed
Adopted
243 - RDA LOW -MOD HOUSING FUND
0000 - Undesignated
64 - Other Expenses
243-0000-60532 Homelessness Assistance
50,700
305,000
250,000
250,000
64 - Other Expenses Totals:
50,700
305,000
250,000
250,000
0000 - Undesignated Totals: 50,700 305,000 250,000 250,000
243 - RDA LOW -MOD HOUSING FUND Totals: 50,700 305,000 250,000 250,000
243 RDA Low -Mod Housing Fund: The 2023/24 former Redevelopment Agency loan repayment of $687,415 will be
recognized in reserves within this Fund. These funds are used to account for the housing activities of the Housing
Authority which are to promote and provide quality affordable housing.
16
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE DETAIL
FY 2023/24 ADOPTED BUDGET
2021/22
2022/23
2023/24
2023/24
Actuals
Current
Proposed
Adopted
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in
0000 - Undesignated
68 - Capital Expenses
249-0000-74010 Land Acquisition
8,631,040
3,624,192
0
0
249-0000-80050 Affordable Housing Project Developme
25,035
20,000
250,000
250,000
68 - Capital Expenses Totals:
8,656,075
3,644,192
250,000
250,000
0000 - Undesignated Totals: 8,656,075 3,644,192 250,000 250,000
L LOW/MOD BOND FUND (Refinanced in 2016) Totals: 8,656,075 3,644,192 250,000 250,000
249 Successor Agency Bond Fund: These funds are restricted per individual bond covenants and were used for the
acquisition of the vacant property located west of the Home Depot Center on Highway 111, on the northeast corner of
Highway 111 and Dune Palms Road. This property is proposed to be developed as an affordable housing development
with a connecting thoroughfare to CV Link. Remaining funds are available for future housing projects. For FY 2023/24,
budget will be used for investment in design and development of projects.
17
POWER POINTS
HOUSING
AUTHORITY
SPECIAL MEETING
DUNE 201 2023
Housing Authority Special Meeting
June 20, 2023
B1 —Adopt Fiscal Year 2023/24 Budget
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Budget Summary
7Housinghority
1,451,500
1,401,500
(50,000)
od Housing
20,000
30,000
10,000w/Mod
Bond
1,412,009
36,000
1,376,009
• •
Total Revenues
2,883,509
1,467,500
(1,416,009)
RDA Loan Repayment
673,936
687,415
13,479
• • • • • • •
• _
,I I
Housing Fund Expenditures
2022/23 2023/24 Variance
Current Proposed Current vs.
Total Expenditures 5,661,862 2,096,340
Budget Surplus/(Deficit)
• Focus on improvements and
design of affordable housing
• Continuous monitoring as
6 economic situation fluctuates
Fund Balance Summary
CITY OF LA QUINTA ESTIMATED ENDING FUND BALANCES
FISCAL YEAR ENDING JUNE 30, 2024
GRAND TOTAL 15,800,000 2,154,915 2,096,340 15,858,575
General Fund and RDA Low -Mod Housing Fund estimates are for unappropriated reserves and included annual Successor
Agency loan repayments as approved with the last and final recognized obligation payment schedule. The repayment for FY
2023/24 is $687,415.
46
- CALIFORNIA
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