2001 07 17 FAw�
CE`y OF
Financing Authority
Agenda
City Council Chamber
78-495 Calle Tampico
La Quinta, California 92253
July 17, 2001
3:00 PM
CALL TO ORDER
Beginning Res. No. FA 2001-03
ROLL CALL: Board Members: Adolph, Henderson, Perkins, Sniff, Chairman Pena
PUBLIC COMMENT
At this time, members of the public may address the Finance Authority on any
matter not listed on the agenda or scheduled for public hearing. Please complete a
"request to speak" form and limit your comments to three minutes.
For all Public Hearings on the agenda, a completed "request to speak" form must be
filed with the City Clerk prior to the Council beginning consideration of that item.
Please watch the timing device on the podium.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1. APPROVAL OF THE MINUTES OF JUNE 26, 2001.
2. APPROVAL OF THE MINUTES OF JULY 3, 2001.
CONSENT CALENDAR
1. TRANSMITTAL OF THE TREASURER'S REPORT DATED MAY 31, 2001.
2. TRANSMITTAL OF THE REVENUE AND EXPENDITURES REPORT DATED MAY 31,
2001 AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING JUNE
30. 2001.
001
BUSINESS SESSION
CONSIDERATION OF A RESOLUTION APPROVING THE FISCAL YEAR 2001-02
LA QUINTA FINANCING AUTHORITY BUDGET.
A. RESOLUTION ACTION
DEPARTMENT REPORTS - None
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
ADJOURNMENT -Adjourn to a Regular Meeting of the Financing Authority to be held on August 7,
2001, in the City Council Chambers, 78-495 Calle Tampico, CA 92253.
DECLARATION OF POSTING
I, June S. Greek, Secretary of the La Quinta Financing Authority, do hereby declare that the
foregoing agenda for the La Quinta Financing Authority meeting of July 17, 2001, was posted on
the outside entry to the Council Chamber, 78-495 Calle Tampico and on the bulletin board at the
La Quinta Chamber of Commerce and at Stater Bros., 78-630 Highway 111, on Friday, July 13,
2001.
DATED: July 13 2001
JUNE S. GREEK, CMC
Secretary, La Quinta Financing Authority
Q�I3jlC9�Gii[N�
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 777-7025, 24-hours in advance of the
meeting and accommodations will be made.
Finance Authority Agenda Page 2 July 3, 2001 002
Tit�t44Q"
AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: July 17, 2001 CONSENT CALENDAR:
ITEM TITLE: STUDY SESSION:
PUBLIC HEARING:
Transmittal of Treasurer's
Report as of May 31, 2001
RECOMMENDATION:
Receive and file.
BACKGROUND AND OVERVIEW:
Transmittal of Treasurer's Report dated May 31, 2001 for the La Quinta Financing
Authority.
FINDINGS AND ALTERNATIVES:
I certify that this report accurately reflects all pooled investments and is in compliance
with California Government Code Section 53645 as amended 1 /1 /86; and is in conformity
with City Code 3.08.010 to 3.08.070 Investment of Money and Funds.
I hereby certify that sufficient investment liquidity and anticipated revenues are available
to meet next month's estimated expenditures.
n M. Falcon , Finance Director
Approved for submission by:
Thomas P. Genovese, City Manager
Attachment: Treasurer's Report, La Quinta Financing Authority
003
MEMORANDUM
TO: La Quinta City Council
FROM: John M. Falconer, Finance Director/Treasurer
SUBJECT: Treasurer's Report for May 31, 2001
DATE: June 20, 2001
Attached is the Treasurer's Report for the month ending May 31, 2001. The report is submitted to
the City Council each month after a reconciliation of accounts is accomplished by the Finance Dept.
The following table summarizes the changes in investment types for the month:
Investment
Beginning
Purchased
Notes
Sold/Matured
Other
Ending
Change
Cash
$1,842,622
(1)
($1,076,072)
$766,550
i
($1,076,072)
LAIF
$8,859,754
0
8,859,754
0
US Treasuries (2)
$28,960,566
10,000,000
(9,000,000)
(84,351)
29,876,215
915,649
US Gov't Agencies (2)
$12,929,508
7,164,000
(5,000,000)
28,854
15,122.362
2,192,854
Commercial Paper (2)
$3,493,054
10,500,000
(3,500,000)
(19,920)
10,473,134
6,980,080
Mutual Funds_
$10,624,606
0
1)
71,985)
10,552,621
71,985
Total
$66 710 110
1 $27 664 000
$18 648 057
$75 417
$75 650 636
$8 940 526
I certify that this report accurately reflects all pooled investments and is in compliance with the California
Government Code; and ins in conformity with the City Investment Policy.
As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated
revenues are available to meet the pools expenditure requirements for the next six months. the City of
La Quinta used the Bureau of the Public Debt, U.S. Bank Monthly Statement and the Bank of New York
Monthly Custodian Report to determine the fair market value of investments at month end.
M.
Director/Treasurer
i ,I/ __
ate
(1) The amount reported represents the net increase (decrease) of deposits and withdrawals from
the previous month.
(2) The amount reported in the other column represents the amortization of premium/discount for the
month on US Treasury, Commercial Paper and Agency investments.
004
062
C
'
O
N
N
N
C
d
C
d
C
Z
Z
Z
Z
Z
Z
Z
Z
W
O_
O
d
c
d a
@
oyU
a o 0
o
m
y
i
o c
c
H
m
@
�a
cm
E
E'
m
N
T
O
O
C
.`
nTm
Eo
0 3
0.0
m
o
m
o
m
LL1E>
of E
o
m
m
o2m2�
N
oo
V
ICI
V
O O^
ZSCiW N
qM
Q
m
N
ci
ui
z
O
0
"'
R
z
LL=
Q >
Oml
07
O
W
1Vµ0f
O
�
N
�
Z
O
o
m
o
o
v
N
m
`"
Fsm
r
o
o
Z
m
n
a Q
m
m
m
�,
a �
LL X
r
m
Q�11
v
y
a
J
L
N
O
A Ty
2
0
i
E
U
.�
EU Rm
E--o ?¢i
N
E�
n
C
°
LL C j
2 R
u
O
N
$
E
m
m°i0 oc am
oa N d
o
o>
d
`m
pv
a
10
L
LLmE mx mU ccg
g
`—°�`g
E
-
c
.Nv.
L
o
Z
n o
N O
;
a
? C C
E
C
E
^v oV
>
N
o
c
E c E 2 x LL 2
U
6
v
O
E
c
O�t5ooaaaaa
map
mum
LL LL LL LL LL 11
C
V
O X p O1
>
O
o omen
N m m m
vi of v ci
005
0ol
x
0.
$
-S
e$SSSSSsS
�SSeoSS
....
F
$mmm'
F
$$$mm
`,yy`�yy,���mgo
HE
b
.H
�`1
wowHcvANm-N�
OH
OB
09ry
SSr�
yyu�
�p�p�3�3p�s8s484484g�g
gp�p�❑�❑p�p❑�p�p�
n>'
4�p4�4�p�Q�
n>i58.
n>i5�25
tl i5bg
ES$S$
3,_�zi, S.SW
w�»tiw
dE----r
F,»f�S �'�
>
F>Ao
SiR.� So
F>S�,e�
g9aaaa
9
w$e
vJ�$^��'-gym
a c'z
3iz
?c
c»�:
?�'z
33z
x'c
ac
QEw'O
Sri NHS Fyn
`a'S
�w
�m^Q."-�"
��
E3���,`a
�>`a
b�fi �a �'a Efi 25m
E>A°iA$$•1ya
Q
¢
�H
°�'
as
888
d�888
888
Ez
���
in
",�:
>nc$mmm
Yacmmm
�BcY
8a 'B
2
°p$q
pI:
--p19 ss9
zzzzzzz
o}=r4o
ss
o�Boa
os
r
�z�U
samz
2��
^��rF�wE
NU)V/NNNN,N
�SFiN
-56N
Y
Cyy
JJ7JJ�J
y¢�� QQ
U U
ELL
JF
V{S
§zz
WMIil
,
we
N�FF
c $z
HUM
HUM.
...o..
yN
Fg<<<<<g
iv�i
9
�'.-ooEb�
8
q
0000�
fi'1'��C
z_00000a
_oaoomop
L'�'Y'Y`�'id'E
m E"u¢2m
� ��4
d
yraEEEEffCr
,��iiiii>'>
rci������J
pQ
E
iriiaa
RIME
$�
zzzz
N
NH
c`o `o`o c6
ye 9
0 0 a S`O SN
3
�
mm'mmy
F
m'$m"$m"m'~
_
E
o
F
a
Fa mm
$$0000000
�'%�rcrcrcrcarc
°hrcrc$gg$$$m°
$$
iiaE'g�°'
IS
UUA ggmg
�3 PA��ififfi bi Yd
Df
y3
jy�m
vuOi3 n$^�
�2
ow000000000
:ma¢¢¢¢aaaa
3z'z i'z 3'z z3
ac
l
yy
mgN
ga gggg gv g�gg22
F
_2 da E Ea
-
vC6ggv
N
iiir>r>aa
F�jOwnNynv�ia
A
nEEUaaUc'U Rc
F
c cx a
�QymNyNmNmais
p��'=2
2�J�¢lym$"#m
J�aJyaj¢-
oaao¢o9
¢K $AnK�gn
UU�
006
004
~
0 0 0 0 0 0 0
p
)
0 C) C)C O O O O C�
Q Q Q 0 0 0 0 0 0 0
0
C y
0 0 0 0 0 0 0 0 0
0 0
p
LLr
Z Z Z 0 0 0 0 0 0 0 (6O 0
(D J
m
O N 0 0 0 0 0
2
N-7 N 1 N N L6 N 0
N
T
a o 0 0
� r
� o 0 0 0
Q Q a 0 0 (O C)
T mm7m
�
i2
0Z 0oj Cq(ND
y-�ZZZ�mr
(r0
O
M M m M M V M M M
O
a C V a (O
�
0 0 0 0 0 0 0 0 0 N
O O O O O O O O O J
Q Q Q
m
C) O C
O O OO O N
O O O O O J
Q Q Q N N N N N
0
N N N N N N N N N O
Z Z Z r�h0 O
mzzzww
O
j
m
M M M >
i0 ll] (n In N (O
0 0 0 0 0 0 0 0 0
N� M m m
0 0 0 0 0
0 0 0 0 0 0 0 0 0
O
C) 0 0 0 0 0
r0
N
O.
0 0 0 0 0 0 0 0
C)O O C) C) C) C)O
O
2.
O O O O O N
O O O O
O
�cc
00000000v00o(o
0pl?
a
00
0)000000
�(0000ooc
C o0000-o
6
w
a
N N N N 0 N
NN
d
N N (O a
N
a N
O TC C
Umo
N
O U
0 0
J
W U> @ cc m Y LL
,�
O) U y LL
C O C ...0 C
4 Co C m
m o o V E U N m m Co .J.
C O Q N
>
m o o a) U
m
.L..
(n O O 0 Q O J (..% 0« m J
„
_rn
(n O o
U
4.LL 0
Jy
�m0
m mZO
yOTO��
rn°~
N m
o FLOZm
m
C m B o H
C
�N3iwoExE m
-OZm
m
Y0
i0
m LL Y C N m
LL
U
m LL m N
o) o
m
Cl
W
L O
N
U m
m
u
� y
m W p) N 0 0 m a) m 'C 'C =( m
U
O
N m O] m m 'C -- m
Z
f
M
0
m
N L
'�
N
z C C a a a a a a J J m L
m m m m m m m m U U U
C C a a J CO CO L
m (p m m U U
C
0
N
m J 0
m
y LLaaLLLLaLL m m 6
a U m (n m 0
U
a
0
�_
NLL LLd m m w
O) U U m m m y
N
m
E
7
a(n
m
C m m m m (a N o Z
o .` .` '` C c
c
9
C N O O Z
Q) c .` '` C
c
E
C •N• .N-
c c
IL
o m m Z
m Z Z
m
O
H
> o Z Z
m Z Z
w
L
c o m
m m m m m m
U E E E E E E E c
N
m
m m
E E c> j v
y
(L
L y y
c
°6�QEEEEEEymm,d
c
of
��QEEm(nm�y
v
of
00
c>>
m
E
rn— 000000>>m
cUx UUU UUU O O 2LL
>
C
E
rn—000>mm
C U d' U U O E E LL
>
C
N
O C C
al
Y m a1 m m m mU' 0m—--
� �LLLLL
E E E E E �vivi ri D
o
> Er-"�
� EC6U5 0
c
E
w
c��
=zUggaaa`a`a`a»>��
SzUgga`a`»>��
Q
CaLLJ
o
009
OO2�mmIA
n
O
c6c
OANtOO �COQ
OfhN
N
O
N
f0
IO
NOp
ON
W N
O
m
IG
H
<ON O 0O Ol
aavninoov�orovi
1"1
H
�
HM
W y
N
N
N
N
0 m- 0,p
N W Z
O
O T V
Q
N N , O
—
dN
a_
O N —
R
V
a
N
J
DC LL C
J
D LL
pJ It
u'
C
LL E
yE y
D C i O (J O J
L
Q
N U O
C
J p U
SLLj LLZ.2dO1LL
C
O
O
D C N C j D N U C K W
E
WE
LL
Oje
LLLLLL Fim a�`E��c
aCLL d`O N
o
�R
CLL
xx ��ppQ
vs`001� pN�a
N,M N OI
b
�N�l]
cm N�L
pN
C N E N N N N E.N m J C U
N N J w= o O
o
m
a
'a 'n ;
m m
J
c '
a J
m
3
O
UU'
6 m Um-0
C70 �>(n �UQQ W JF
K
o
UOJ
U/
LLd0
fq
H
M
c
m
N
U
MOO],O1
001
n m q NNO
O�$O
N
tnp
O
Q V T P
of °'
&o�
n •-
u m
F
Nmp�01O
M n t+i
Nnmm
Ip Vl Qm
m I�
W N
N NQQMA
mm�NNA
b
a
Tnoe
v m�nm�u
n mQv�m
o
b
b
ao
O �
'^_
in
n
y
boo
p ppp_ Vm
�tp C>ryn
ppttOO
I�t01Om0�
N
� N
LL
N N N
N N m (O
M
N
T1100
nmmNN
mm
NVC�N
qp
6
�
pq
N M
00_OOI
Ct
T
n
N m
O
d OT
m0Q
m
Q�OmOm
m�
O
N
o O
T
N
I
�S�pO
Nmr00
VV
�m�c'in0
�
b
b
OHO
m'omm'.
dim w°'Q
"'
O
LL,
� NbNfVry
N
b
N
6l
b N
d
M mN�OM
v�O mQMy
O
M O
O
W �OQ
N
�.Q �OiM
mN-m Om�NM
O
a O
b
d% m0
ON
rym� RoON�M
M'. M�mmd)M
10
M
b
CI
0 ri
NI ri
0
N
b
i
O nmm
cl NONn
lk
q
N
q
M N
N
b Sb
O m
M m (O V t0
ci
m
N V
b n W
m m M
O
b
C b
LL
n
n
N
b
d M
d
NON�n
O
NOI�mOq
�
Q �
ry
�ipb
W
N
(O N N VVOr
mM�OMO
0
ON)N��Q
N m
O
b O
IL n
n_O
10
10
"pM
N�OmM
QmtQtQpp VlmQ
10
O 0
N
mj
O
H
I��
(7mNb
QNI��mQ
v
n m
anC
N
o
�
e
N
d
N
m
_
d cto
d
J C
v
m
d
c
N
J
U L
C
ct
Xd
N
'�
Cz
d
V O
I%
N v
0 t
m"
in6rc
u'S inx25Uo�
009
now
Elflon
Sx $ >
El
e2
1
o10 go$0000 Pros saaaaaaa i2a.2€e0000....
€iNo�oo,"" ego$000000o eg000MUMS all ezo
>W �MHm"s-
gggg ;
E iiz°gzzzz m88m �
odffi�Asaaaa�aaa
UU Vu 22-u
�'-wiffiffiffiffiffivffi
>>�rJaa' - ,aaaaaarrr
Fp FBEEEEF 59 E2 c E y oin yyuH°
v g gg g€ F aona0000a u�
QEEM goo d,' MI ``y StooCfyN - .8 `O b`Obbbbba O`3 `O `°b9 .� 6 4•Yp 2&EOpymmmm
VU�
�e`o'a$m�
ffi
m�A
s
s
�o�e�mx
�
mix
b E
ee
0�;30
e
s`�g°3A
as
��EqS�
"Eay
3,w�
�Kfi
my
ffi iiiii
E
#$ooggg�`�
ryry g
pz28
Q
S
000000
YYrrra�
_¢£am
222222N
m'm'm'm'a
nns
CITY OF LA QUINTA
CITY CITY
FIXED LONGTERM
RDA RDA FA
FIXED LONGTERM FINANCING LONGTERM
GRAND
BALANCE SHEET 06I31/01
CITY
ASSETS DEBT
RDA
ASSETS DEBT AUTHORITY DEBT
TOTAL
ASSETS:
POOLED CASH
(10,288 549 25)
18,864,583A3
ID1,09221
8,6]],126.39
LDRP INVESTMENT IN POOLED CASH
805,000 00
805,000.00
INVESTMENT T-BILUNOTES B OTHER
55S",000.00
55644,000. 00
AUTO MALL CASH
160,981.67
160,98167
LDRP CASH
(17,805. 19)
(17 805 19)
ID305.
BOND REDEMPTION CASH
185,013.54
154096
186,554.50
BOND RESERVE CASH
9 825,927.82
540.136.34
10,366,064. ifi
BOND PROJECT CASH
BOND ESCROW CASH
1000.03
PETTY CASH
CASH S INVESTMENT TOTAL
1,000.00
45.517,43242
29662, 71960
642,769.51
75.822,921.53
INVESTMENT IN LAND HELD FOR RESALE
ACCOUNTS RECEIVABLE
42,248.26
60,900.00
&010, 00000
8.. 113, 148.25
PREMIUM/DISCOUNT ON INVESTMENT
(172,286,15)
0.50
0.49
(172,285. 16)
LDRP-ACCOUNTS RECEIVABLE
83, 443.81
8344381
INTEREST RECEIVABLE
2,681 706.20
2.615
LOAN/NOTES RECEIVABLE
000 00
DUE FROM OTHER AGENCIES
16 ODD DO
DUE FROM OTHER AGENCIES -CVAG
2,299,096.69
9909669
2, 2.
CVAG ALLOWANCE
(2,299,096.69)
(2299,09fi 6fi9g)
DUE FROM OTHER GOVERNMENTS
DUE FROM OTHER FUNDS
856,604.19
551 038.04
DUE FROM RDA
8,497,550.2D
8497,55020
INTEREST ADVANCE -DUE FROM RDA
2,799,744.46
297,550.
)99.I44A6
ADVANCES TO OTHER FUNDS
3,138 6fi
NSF CHECKS RECEIVABLE
3,13866
83340
ACCRUED REVENUE
833.40
2228.50
TRAVEL ADVANCES
2,228,W
EMPLOYEE ADVANCES
PREPAID EXPENSES
RECEIVABLE TOTAL
12.0",228.11
3,377,921.95
8,010,00049
23432, 150.55
WORKER COMPENSATION DEPOSIT
RENT DEPOSITS
75 00
UTILITY DEPOSITS
75.00
2.100.00
MISC. DEPOSITS
2,100.00
DEPOSITS TOTAL
2, 17500
2, 175.00
GENERAL FIXED ASSETS
1386,33167
15, 590,699. 00
9,988279.05
26 965.309 72
ACCUMULATED DEPRECIATION
(812,743.27)
(812, 74327)
AMOUNT AVAILABLE TO RETIRE L/T DEBT
3,395, 117.03
3,395, 11 ].03
AMOUNT TO BE PROVIDED FOR<R DEBT
16/564734
95479505.68 _ 8010, 00000
105, 135_153.02
TOTAL OTHER ASSETS
673,588,40
15,590,699.00 1,645.64734
9,988,27905 98 874,622 71 8,DID, 000. DO
134,ON 83650
TOTAL ASSETS
58 137 423 93
15 WS0 DO 1 US 647.34
33 040.64155
9 988 279 05 98 874 622.71 8 652770. 00 8 010 000 00
_233940083 58
LIABILITIES:
TS
AGE
3 311 34
DUE TO OTHER AGENCIES
DUE TO OTHER
3,311 34
589434.26
40764223
1.407,642.23
DUE TO OTHER FUNDS
89,d34.26
1,318207.91
INTEREST ADVANCE -DUE TO CITY
fi029.1
ACCRUED EXPENSES
6,029.10
5 18
PAYROLL LIABILITIES
5,006,18
11790
STRONG MOTION INSTRUMENTS
1,175,90
78, 98198150
FRINGE TOED LIZARD FEES
78,981.SO
4527.85
SUSPENSE
4, 527.85
DUE TO THE CITY OF LA OUINTA
-
PAYABLESTOTAL
766, 125.97
1318,20797
2,084333.94
ENGINEERING TRUST DEPOSITS
SO. COAST AIR QUALITY DEPOSITS
774 87
414
ARTS IN PUBLIC PLACES DEPOSITS
467,774,87
66300
LORP DEPOSITS
14, 663.00
t, 594 46
DEVELOPER DEPOSITS
1068594.46
43983950
MISC. DEPOSITS
439,839. SO
56 784 3
2056p-
AGENCY FUND DEPOSITS
2,056,784.30
TOTALDEPOSITS
4,032,993.13
14,663.00
4047,65613
DEFERRED REVENUE
8,270.67
8010, 00000
8, 018.270.67
OTHER LIABILITIES TOTAL
8,270.67
8,010,00000
8,018, 270.67
COMPENSATED ABSENCES PAYABLE
321,991.94
32199194
DUE TO THE CITY OF I A OUINTA
1,323,655 40
11,297, 298. 46
12, 620.953 86
DUE TO COUNTY OF RIVERSIDE
12249,102. 00
12,249, 102.00
DUE TO C V. UNIFIED SCHOOL DIST.
9, 418 222.25
9,418 222.25
DUE TO DESERT SANDS SCHOOL DIST.
65,910, 00000 8,010000.00
73920,00000
BONDS PAYABLE
TOTAL LONG TERM DEBT
1,645,64734
98,874 622 71 8010,000.00
108,5302]005
TOTAL LIABILITIES
4,807,389.77
1, 645647.34
1332,87097
98 874,622 71 8,010,00000 8,010, DOD 00
122, 680530.79
EQUITY -FUND BALANCE
53,330,034.16 15,590,699.00 31, 707,770. 58 9, 988 279 05 642770.00 111, 259, 55279
TOTAL LIABILITY S EQUITY _ 58 137 423 93 15 590,699 DO 1 646 647 34 33 040 641 55 9 988 279.0 998 874 622 71 8652.77000 _., 8 010 00000 _ _233 940 083.58no
CASH S INVESTMENT TOTAL 76,822,921.53 O
PREMIUMIDISCOUNT ON INVESTMENT 1172 206.161
il
TOTAL 75,660,636.37
n0q
T ty444"
AGENDA CATEGORY:
July 17, 2001 BUSINESS SESSION:
COUNCIL/RDA MEETING DATE:
ITEM TITLE:
Transmittal of Revenue and
Expenditure Reports dated
May 31, 2001 and Investment
Summary Report for the Quarter
Ending June 30, 2001.
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
CONSENT CALENDAR: D--
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the May 31, 2001 Statement of Revenue and Expenditures for the La
Quinta Financing Authority and Investment Summary Report for the Quarter Ending June
30, 2001.
'ully submitted:
M- Lx'�"
M. Fah
, Finance Director
Approved for Submission by:
Thomas P. Genovese
City Manager
Attachments:
1. Revenue and Expenditures Report, May 31, 2001
2. Investment Summary Report for the Quarter Ending June 30, 2001
012
ATTACHMENT 1
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
Non Allocated Interest
TOTAL CIP REVENUE
REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
9,175.00
27,615.35
(18,440.35)
301.0%
0.00
1,508.81
(1,508.81)
0.0%
678,955.00
678,955.00
0.00
100.0%
0.00
0.00
0.00
0.0%
688,130.00
708,079.16
(19,949.16)
102.9%
0.00 0.19 (0,19) 0.0%
0.00 45,170.94 (45,170.94) 0.0%
0.00 45,171.13 (45,171.13) 0.0%
TOTAL FINANCING AUTHORITY 688,130.00 753 250.29 (65 120 29) 109 5%
013
001
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL
BONDINTEREST
TRANSFER OUT
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
TRANSFER OUT
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
07/01/2000. 5/31/2001 REMAINING %
BUDGET EXPENDITURES ENCUMBERED BUDGET EXPENDED
9,175.00
9,132.50
0.00
42.50
99.5%
260,000,00
260,000.00
0.00
0.00
100.0%
418,955.00
418,955.00
0.00
0.00
100.0%
_ 00o
000
000
000
00%
688, 130.00
688,087.50
0.00
42.50
100.0%
517,731.78 0.00 0.00 517,731.78 0.0%
517,731.78 0,00 0.00 517,731.78 0.0%
1 205 861.78 688 087.50 000 517 774 28 57 06 %
014
ok�'l
City of La Counts
Quarterly Investment Summary
June 30, 21
Redevelopment Agency
U.S. Bank - 1994 Dot Svc
U.S. Bank - 1995 CIP
U.S. Bank - 1995 Dot Svc
U.S. Bank - 1998 RDA 1 Obt Svc
U.S. Bank - 1998 RDA 2 Obt Svc
U.S. Bank - 1998 RDA 1 CIP
Money Markel Mutual Fund
Money Market Mutual Fund
Money Market Mutual Fund
Money Markel What
Fund
Money Market Mutual Fund
Money Market Mutual Fund
Plus %Attributable to RDA from City Pooled Investments
Total RDA Investments
Footnote t - The Quarterly Investment Report does not include the City of La
Quints checking account, sweep account , Housing Program account or petty
cash account. Market value is based upon most current information available.
Maturity
Date
Next Day
Next Day
Ne Day
Next Day
Next Day
NextDay
Next Da
ATTACHMENT 2
Par Value Market Value Amortizetl Cost
7,880 1,880 1,880
3,941,286 3, 941,286 3, 941, 286
2,764 2,764 2,764
195757 195, 757 195, 757
1,698 1,698 1,698
5,357.019 5,357,Of9 5.357,019
16,205,046
$25 919 846
015
`-it(t 4 4Qum&
AGENDA CATEGORY:
BUSINESS SESSION:
COUNCILIRDA MEETING DATE: July 17, 2001
CONSENT CALENDAR:
ITEM TITLE: STUDY SESSION:
PUBLIC HEARING:
Consideration of a Resolution
Approving the Fiscal Year 2001-2002
La Quinta Financing Authority Budget
RECOMMENDATION:
Adopt a Resolution of the Financing Authority approving Fiscal Year 2001-2002 City of La
Quinta Financing Authority Budget.
FISCAL IMPLICATIONS:
All Fiscal Year 2001-2002 revenues, operational appropriations and capital project funding
are included in the Proposed Fiscal Year 2001-2002 City of La Quinta Budget.
BACKGROUND AND OVERVIEW:
See City Council Staff Report
Respectfully submitted,
Thomas P. Genovese, City Manager
01F
RESOLUTION NO. FA2001-
A RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY
APPROVING A BUDGET FOR FISCAL YEAR 2001-2002
WHEREAS, each year the La Quinta Financing Authority adopts a Budget for
Revenues and Expenditures for the upcoming Fiscal Year; and
WHEREAS, the Financing Authority desires to make provisions for a level of
services commensurate with the needs of the City; and
WHEREAS, the Financing Authority has reviewed said budget and has had
several public meetings to receive public input; and
WHEREAS, the Financing Authority 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 Financing Authority to
adopt, as follows:
SECTION 1. The Fiscal Year 2001-2002 Budget which is on file with the La
Quinta Financing 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 Financing Authority approval.
B. Transfers of budgeted appropriations between divisions or capital
projects shall be made only upon Financing 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 Financing Authority approved capital projects and
shall not exceed the approved project budget.
017
002
SECTION 3. The Executive Director shall render a monthly report to the
Financing Authority on the status of City operations as it relates to the approved
budget and any amendments thereto.
PASSED, APPROVED AND ADOPTED this
following vote:
/ill*3
NOES:
ABSENT:
ABSTAIN:
ATTEST:
JUNE GREEK, City Clerk
City of La Quinta, California
APPROVED AS TO FORM:
KATHY JENSON, City Attorney
City of La Quinta, California
day of 2001, by the
JOHN J. PENA, Mayor
City of La Quinta, California
018