RDA Resolution 1998-04d_ RESOLUTION NO. RA 98-04
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
APPROVING A BUDGET FOR FISCAL YEAR 1998-99
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 1 998-99 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 1 997-98, are approved in the Fiscal Year 1 998-99
Budget in an amount not to exceed $1,918,125 Attachment 1).
SECTION 3. 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.
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 4. 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.
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d_Resolution No. RA 98-04
Adopted: 7/7/98
Page 2
PASSED, APPROVED and ADOPTED this 7th day of July, 1 998 by the following
vote:
AYES: Members Adolph, Henderson, Pena, Sniff, Chairman Perkins
NOES: None
ABSENT: None
ABSTAIN: None
RON PERKINS, Chairman
La Quinta Redevelopment Agency
ATTEST:
UNDRA L. JU OLA, Secretary
La Quinta Redevelopment Agency
APPROVED AS TO FORM:
&/??
DAWN C. HONEYWEL?, Attorney
La Quinta Redevelopment Agency
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