RDA Resolution 1995-12^# RESOLUTION NO. RA 95- 12
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
APPROVING A BUDGET FOR FISCAL YEAR 95-96
WHEREAS, each year the La Quinta Redevelopment Agency adopts a Budget for
Revenues and Expenditures for the upcoming Fiscal Year; and
WHEREAS, the La Quinta Redevelopment Agency desires to make provisions for
a level of services commensurate with the needs of the City; and
WHEREAS, the Agency has reviewed said budget and has had several public
meetings to receive public input; and
WHEREAS, the 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 La Quinta Redevelopment Agency
to adopt, as follows:
SECTION 1. The Fiscal Year 1995-96 Budget which is on file with the La Quinta
Redevelopment Agency Secretary, is hereby approved.
SECTION 2. Continuing Appropriations which remain unspent and were authorized
by Council in Fiscal year 1994-95, are approved in the amount not to exceed $4,800.
SECTION 3. Encumbrances for Fiscal Year 1994-95 for committed appropriations
are approved in the Fiscal Year 1995-96 Budget in an amount not to exceed $151,185.
SECTION 4. Budget adjustment procedures are approved as follows:
A. Additional appropriations and the transfer of cash or unappropriated
fund balance from on fund to another shall be made only upon
Redevelopment Agency approval.
B. Transfers of budgeted appropriations between divisions or capital
projects shall be made only upon Board 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
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Director approval. These carry-over appropriations are for prior year
Board approved capital projects and shall not exceed the approved
project budget.
SECTION 5. The Executive Director shall render a monthly report to the La Quinta
Redevelopment Agency Board on the status of Agency operations as relates to the
approved budget and any amendments thereto.
PASSED, APPROVED AND ADOPTED this 18th day of July, 1995, by the following
vote:
AYES: Board Members Bangerter, Cathcart, Pena, Perkins, Chairman Sniff
NOES None:
ABSENT: None
ABSTAIN: None
La Quinta Redevelopment gency
A ST:
AUNDRAL.JUH LA,Secretary
La Quinta Redevelopment Agency
APPROVED AS TO FORM:
DAWN HONEYWELL, Attorney
La Quinta Redevelopment Agency
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