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HA Resolution 2023-003 Budget FY 2023-24RESOLUTION NO. HA 2023 — 003 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. Resolution No. HA 2023 - 003 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: Authority Members Evans, Fitzpatrick, McGarrey, Sanchez, and Chairperson Pena NOES: None ABSENT: None ABSTAIN: None -('l I- , - JO ENChairperson La Quinta Ho sing Authority, California ATTEST: MONIKA RADEVA, Author' ,Secretary La Quinta Housing Authorit California (AUTHORITY SEAL) APPROVED AS TO FORM: WILLIAM H. IHRKE, Authority Attorney La Quinta Housing Authority, California