RDA Resolution 1997-03^# I
RESOLUTION NO. RA 97-03
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY BOARD APPROVING A BUDGET FOR FISCAL
YEAR 1997/98.
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 La Quinta Redevelopment Agency has reviewed said budget
and has had several public meetings to receive public input; and
WHEREAS, 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 La Quinta Redevelopment
Agency to adopt, as follows:
SECTION 1. The Fiscal Year 1 997-98 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 1 996-97, are approved in the Fiscal Year
1997/98 Budget in an amount not to exceed $10,000 Attachment 1).
SECTION 3. Encumbrances for Fiscal Year 1 996-97 for committed
appropriations are approved in the Fiscal Year 1 997-98 Budget in an amount not to
exceed $216,500 Attachment No.1).
SECTION 4 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 Redevelopment Agency approval.
B. Transfers of budgeted appropriations between divisions or
capital projects shall be made only upon Redevelopment Agency
approval.
BIB]
11-03-1997-U01
04:33:44PM-U01
ADMIN-U01
RDARES-U02
97-U02
03-U02
^# I
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.
SECTION 5. The Executive Director shall render a monthly report 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 this 1 5th day of July, 1 997, by the
following vote:
AYES: Members Adolph, Henderson, Holt, Perkins, Chairman Sniff
NOES: None
ABSENT: None
ABSTAIN: None
La Quinta Redevelopment t Agency
ATT T:
SAUNDRA L. JUH*retary
La Quinta Redevelopment Agency
APPROVED AS TO FORM:
*
DAWN C. HONEYW*LL,Attorney
La Quinta Redevelopment Agency
2
BIB]
11-03-1997-U01
04:33:44PM-U01
ADMIN-U01
RDARES-U02
97-U02
03-U02