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1993 10 13 IAB78-495 CALLE TAMPICO — LA QUINTA, CALIFORNIA 92253 - (619) 777-7000 2N7ESTMENT ADV2SORY BOARD AGENDA Study Session Room 78-495 Calle Tampico La Quinta, CA 92253 October 13, 1993 - 5:30 p.m. I CALL TO ORDER a. Pledge of Allegiance b. Roll Call II PUBLIC COMMENT (This is the time set for public comment on any matter not scheduled on the agenda.) III PRESENTATION A. Presentation by Cynthia L. Bonneau of C L Bonneau & Co. regarding Investment Opportunities. IV CONSENT CALENDAR (Consent Calendar Items are considered routine in nature and will be approved by one motion.) A. Approval of Minutes from the meeting of September 8, 1993. V BUSINESS SESSION A. Transmittal of Treasurer's Report Dated July 31, 1993. B. Appointment of Investment Advisory Board Member to the Arbitrage Services Selection Committee. C. Consideration of request to have the La Quinta City Council appoint an Investment Advisory Board L ason. D. Consideration of consolidating the City and the RDA Bank Accounts. VI STUDY SESSION VII OTHER A. Staff Information Reports. a. Update on Time Capsule. VIII ADJOURNMENT PRESENTATION BY CYNTHIA L. BONNEAU OF C L BONNEAU & CO. C L BONNEA U & Co. October 4, 1993 Mr. Thomas O'Reilly, Finance Director CITY OF LA QUINTA 78-495 Calle Tampico La Quinta, California 92253 Dear Tom: In preparation for the meeting on October 13, 1993, I have enclosed the following: 1) Informational material which describes investment agreements along with the advantages and disadvantages of various investment options. 2) Sample Request For Bids document. Even though this information has been prepared by C L Bonneau and Company, it is understood that the purpose of the presentation is to educate and inform the committee members on investment agreements, as well as answer questions. I have taken the liberty of preparing the bid document to use as a tool in helping the committee members to understand the structure and process involved when entering into an investment agreement. I will have rate indications for investment agreements on the City's outstanding reserve funds at the time of the meeting. This will allow us to compare various investment options in the current market environment. Please let me know if you would like any additional information and I look forward to seeing you on October 13th. Sincerely, Cynthia L. Bonneau Enclosures. cc: Tom DeMars 17202 Erwin, Huntington Beach, California 92647 • (714) 848-2771 • FAX (714) 841-4188 NOW THAT YOU HAVE ISSUED TAX-EXEMPT DEBT, YOU NEED TO MAKE AN INFORMED DECISION ON HOW TO INVEST THE PROCEEDS. Structuring tax exempt debt is a complex process that requires the coordination and completion of many different factors. One very important issue, how will the bond proceeds be invested during the construction of the project or how will the debt service reserve funds be invested, is often not an area of focus until just prior to closing. Funds to be invested may include: • Debt Service Reserve Funds • Construction Funds Escrow Accounts Acquisition/Loan Origination/Lease Funds • Float Funds • Capitalized Interest Accounts Making an informed decision on investment requires an understanding of a variety of options. One option to consider is an investment agreement which is tailor-made to the needs of your financing. An investment agreement may be collateralized or un-collateralized and can take the form of: Certificates of Deposits Bank Investment Contracts Repurchase Agreements • Funding Agreements Investment Agreements The yield on investment agreements can 1) be fixed until the maturity of the fund (with interest paid semi-annually or monthly) or 2) be based upon a floating rate matched against an index (Kenny or Libor) . C L BONNEA U & Co. WHAT ARE THE BENEFITS OF USING AN INVESTMENT AGREEMENT? Investment agreements, whether they take the form of a certificate of deposit, repurchase agreement, bank investment contract or funding agreement, offer an investment vehicle which is structured specifically to handle the needs of your financing. Investment Agreements have these qualities: SAFETY - All agreements can be collateralized. Uncollateralized agreements placed by C L Bonneau & Company are always done with providers who have long term debt ratings in one of the three highest rating categories by both rating agencies and have downgrade language which allows the trustee/fiscal agent to immediately withdraw funds (without penalty) if the provider's rating falls below a specified level and collateral is not pledged and delivered within 48 hours. Qualified broker/dealers may only bid under a repurchase agreement structure. Collateral will be delivered to an independent third party custodial agent or to the trustee/fiscal agent. FLEXIBILITY - • DEBT SERVICE RESERVE FUNDS: The investment agreement for reserve funds can be written to the stated maturity of the financing, while at the same time, allow withdrawal of funds at par for any reason required under the documents, including a refunding of the bonds. If the reserve fund is tapped to make interest payments on the financing, the funds may be redeposited at the same guaranteed yield. This option is far superior to the direct purchase of a security. The security, when liquidated, may have lost value and any funds remaining for reinvestment would have to be placed at current market rates, which may be well below bond yield. • CONSTRUCTION FUNDS: Several options on withdrawal of funds are available. These range from complete flexibility to scheduled draws. The more an issuer can predict the draw schedule, the greater the yield will be on the investment agreement. VALUE - Unlike the direct purchase of a security, the value of an investment agreement never deminishes. Withdrawals are always allowed at par. Collateral is always marked to market. YIELD - The yield on investment agreements will most often meet or exceed the yields on treasury obligations. EASE OF REBATE CALCULATION - Because the yield on the investment agreement is fixed until maturity, the calculation of the arbitrage rebate is greatly simplified. C L BONNEA U & Co. COMPARISON OF INVESTMENT OPTIONS TYPE OF INVESTMENT ADVANTAGES DISADVANTAGES Direct Purchase of Securities / Structured Portfolio Money Market / Pools / Float Account 1) 2) 3) Investment Agreements(Collateralized 1) and Uncollateralized) 2) Repurchase Agreements 3) 4) 5) 6) May provide higher yields 1) Issuer owns a marketable security 2) 3) 4) 5) 6) 7) Collateralized* with high-grade 1) securities Flexibility 2) Arbitrage service may be 3) Yields comparable to treasuries 1) Can be collateralized** Flexibility of withdrawals AT PAR (funds must be used for purposes outlined in bond documents) No interest rate risk No reinvestment rate risk Tailor-made to the needs of the financing Allows redeposits Maturity of the securties may not match the draws needed for the financing Fixed draws Securities are purchased at premiums & discounts/not marked to market Interest rate risk Reinvestment rate risk Unknown actual yield (if security is liquidated) Fees paid for purchase and sale of security Collateral is not delivered /there is no perfected interest Low yields which change daily Interest rate risk Unless collateralized, the agreement is secured by the creditworthiness of the provider (ALWAYS rated "A" or better) Downgrage Language, requiring collateral to be pledged and delivered if a downgrade occurs will eliminate this risk A trustee's float account may not be collateralized, in which case the funds are secured only by the creditworthiness of the trustee bank. On collateralized investment agreements or repurchase agreements, the securities are delivered to a third party custodial agent (or to the trustee); securities are marked to market; securities are delivered to over-collateralize the principal amount of the deposit. C L BONNEAU - & Co. 4FNOTE: This is an example of a bid document. This document has beenprepared for informational purposes only - to allow the committee to understand and discuss how investment agreements are structured and how the bidding process works. REQUEST FOR BIDS $5,845,000.00 LA QUINTA REDEVELOPMENT AGENCY La Quinta Redevelopment Project Area No. 2 Tax Allocation Bonds, Issue of 1992 (Bank Qualified) The La Quinta Redevelopment Agency (the "Issuer") is soliciting your interest in providing the investment agreement (the "Agreement") for the Reserve Account on the above referenced financing through C L Bonneau & Company. BIDDING WILL BE RESTRICTED TO FINANCIAL INSTITUTIONS CONFORMING TO LEGAL AND PERMITTED INVESTMENTS AS DESCRIBED HEREIN AND AS APPROVED BY THE ISSUER. BACKGROUND & PURPOSE OF FINANCING The Bonds are dated December 1, 1992. The proceeds from the sale of the Bonds will be used to: (1) f inance a portion of the cost of implementing the Agency's Redevelopment Plan (refer to page 11 of the POS)• (2) make a deposit to the Reserve Account; (3) make an initial deposit to the Escrow Fund; and (4) pay costs of issuance of the Bonds. TIMING AND RESPONSE Bidding for the Agreement will be held on , , 1993. Firm bids will be due at 9:00 a.m. Pacific Time in care of: Cynthia L. Bonneau C L Bonneau & Company 17202 Erwin Huntington Beach, Telephone: ( 714 ) FAX: ( 714 ) California 92647 848-2771 841-4188 Telephonic or facsimile transmitted bids will be accepted. The winning bidder (the "Agreement Provider") will be notified and the Agreement awarded no later than 11:00 a.m. Pacific Time that same day. The Agreement will close and monies wired no later than , , 1993. 17202 Erwin, Huntington Beach, California 92647 • (714) 848-2771 Page 2 of 4 RFB - La Quinta RDA October 13, 1993 QUALIFIED PROVIDER Financial institutions, approved by the Issuer whose current long- term unsecured debt obligations are rated "AA" or better by Standard & Poor's Corporation ("S&P") and Moody's Investors Service ("Moody's"). UPON DOWNGRADING - The Agreement Provider will be required to notify the Trustee and Issuer of a rating downgrade by S&P or Moody's within ten (10 ) business days. This notification will also apply to a withdrawal or suspension of rating. Should the Agreement Provider's long-term unsecured debt rating fall below the "AA" category by S&P and Moody's, the Agreement Provider must pledge collateral (within ten business days) as follows: Treasuries/GNMA'S FNMA'S/FHLMC/S 105% Frequency of valuation: Weekly Cure period: One (1) day Collateral must be delivered to the Trustee or to a third party custodian, approved by the Issuer, giving the Trustee a perfected first lien security interest for the benefit of the Issuer. Should collateral not be pledged (or during the term of the Agreement restored) to the required levels, the Trustee will have the right to immediately withdraw funds without penalty or breakage fee. Notwithstanding the above, should the Agreement Provider's rating fall below one of the top three rating categories by S&P or Moody's, the Issuer, with a notice period of ten (10) business days, shall have the right to withdraw all funds without penalty or breakage fee. NOTE: Proceeds of collateral may be released by the Trustee or third party custodial agent to the Agreement Provider only to the extent of any excess over the collateral requirement. FUNDS FOR INVESTMENT 1. RESERVE ACCOUNT: a. Dollar Amount: Approximately $389,440.00 b. Maturity: December 1, 2017. First optional redemption is December 1, 1999. C. Withdrawals: Will be permitted for any purpose outlined in the Bond documents. Funds must be available at par upon such withdrawals with no penalty, conditions or breakage fees to either the Page 3 of 4 RFB - La Quinta RDA October 13, 1993 Issuer or Trustee. Withdrawals will also be permitted with no penalty in connection with an election by the Issuer to effect an optional redemption, partial redemption or mandatory redemption of the Bonds (also see "Additional Requirements"). d. Replenishments: Replenishments by the Issuer or the Trustee will be permitted at the contract interest rate of the Agreement. Replenishments may be made within a twelve (12) month period. e. Deposits: Deposits may be made up to the reserve requirement under the Bond documents. f . Interest: Will be calculated on a 30/360 day basis (based upon twelve 30 day months) and paid semi- annually one (1) business day prior to December 1 and June 1, beginning on December 1, 1993. ADDITIONAL REQUIREMENTS 1. Notice: Bids must provide for a notice period of seven (7) days or less for withdrawals. Facsimile notice followed by written notice must be acceptable. 2. Documentation: The Agreement Provider will be required to circulate a draft of the Agreement (along with sample legal opinions) to all persons on the distribution list no later than , , 1993. The Agreement must conform to the requirements of the Trust Agreement. The Agreement Provider must be prepared to execute a final Agreement that conforms to the requirements of this Request For Bids and is in a form acceptable to the Issuer. 3. Provider's Certificate: The Agreement Provider will be required to execute a certificate in the form attached as Appendix A which states that based upon the Agreement Provider's reasonable expectations on the date the Agreement is entered into, obligations will not be purchased pursuant to the Agreement at a price in excess of their fair market value. 4. Legal Opinion: The Agreement Provider must provide an opinion of counsel addressed to the Issuer that the Agreement constitutes a valid, legal and binding obligation of the Agreement Provider, enforceable by its Page 4 of 4 RFB - La Quinta RDA October 13, 1993 terms in a form acceptable to the Issuer. 5. Expenses: All expenses incurred by the Agreement Provider associated with the preparation and execution of the Agreement and legal opinions will be paid by the Agreement Provider. All custodial fees and expenses with regard to the pledging and valuation of collateral, if required, will be paid by the Agreement Provider. 6. All amounts may be withdrawn at no penalty to the Issuer or Trustee, and in immediately available funds, for any reason specified in the Bond documents including, but not limited to, withdrawals made (1) in the event of a deficiency in the Installment Payment Fund; (2) upon acceleration after any event of default; (3) upon a defeasance and/or refunding of the Bonds in whole or in part; (4) in the event the reserve requirement for such Bonds is reduced; and (5) if a determination is later made by nationally recognized bond counsel that investments must be yield -restricted. 7. The Agreement may not be assigned or amended by any party without the prior written consent of the Issuer. 8. The Agreement must state that it is unconditional and must expressly disclaim any right of set-off or counter- claim. 9. The Issuer, Trustee, Bond Counsel, Financial Advisor and C L Bonneau & Company will not have any liability if the Agreement closing does not occur as scheduled. THE ISSUER RESERVES THE RIGHT TO REJECT ALL BIDS. 10. C L Bonneau & Company will be paid a fee of 5 basis points on the dollar amount of funds placed for representing the Agreement Provider in the placement of the Reserve Fund. This fee will be paid by the Agreement Provider. BIDS Upon meeting the requirements specified herein, the selection of the Agreement Provider will be made on the basis of yield. Very truly yours, Cynthia L. Bonneau Attachments - Appendix A APPENDIX A AGREEMENT PROVIDER CERTIFICATE I, The undersigned, do hereby certify (the "Bank") execute and such officer deliver this Certificate I do further certify as that I am an officer of and as such am authorized to on behalf of the Bank. As follows: 1. The Bank and the Trustee entered into an Investment Agreement on the date hereof (the "Investment Agreement") concerning the investment by the Trustee of Bond proceeds. 2. Based on my reasonable expectations on the date hereof, non -purpose obligations will not be purchased pursuant to the Investment Agreement at a price in excess of their fair market value nor sold pursuant to the Investment Agreement at a price less than their fair market value. 3. The yield on the Investment Agreement is at least equal to the yield offered on similar obligations under similar investment contracts and is the same yield as would ordinarily be paid by the Bank to persons other than governmental units or 501(c)(3) organizations with respect to obligations of comparable expected average life in transactions in which yield on tax-exempt bonds is not relevant to either party. 4. We are paying to C L Bonneau & Co. (the "Broker") a fee which has been negotiated without regard to the yield on the Bonds or the current level of tax-exempt rates. In our experience, the fee is customary for transactions such as the Investment Agreement. No payments will be made by or on behalf of the Bank to or for the benefit of the Issuer other than as specified in the Investment Agreement. 5. The fee being paid to the Broker was determined as the result of arm's length negotiations between the Bank and the Broker. 6. We understand that the Issuer and its Bond Counsel will rely on this certification in accepting the Investment Agreement and consent to such reliance. Date: October , 1993 By. Its: PROFESSIONAL BIOGRAPHY CYNTHIA BONNEAU: Managing Director Cynthia Bonneau, Managing Director of C L Bonneau & Company, has been directly involved with assisting issuers of tax exempt debt and taxable debt in the reinvestment of bond proceeds since 1981. Ms. Bonneau has over 20 years of experience in finance and real estate analysis. She was operating officer of Westwood Savings and Loan Association, as part of the management team installed by the Federal Home Loan Bank and F.S.L.I.C.. Ms. Bonneau was a past member of the Orange County Bond Advisory Committee. She was also President of the Orange County Housing Task Force and Chairman of the Platform Sub - Committee on Housing Finance. Ms. Bonneau is on the board of directors of one of the financial institutions acquired by William Simon, former Secretary of the Treasury. Ms. Bonneau has recently been appointed Arbitrator for the Municipal Securities Rulemaking Board. CORPORATE AFFILIATIONS: California Society of Municipal Finance Officers California Municipal Treasurer's Association Government Finance Officer's Association Arbitrator -Municipal Securities Rulemaking Board L BONNEA U & Co. REFERENCES Mr. John Gibson Stone & Youngberg 4350 La Jolla Village Drive, Ste.840 San Diego, CA 92122 (619) 452-0504 Mr. Don Travis Mr. Dudley Roski Societe Generale 50 Rockefeller Plaza, 14th Floor New York, NY 10020 (212) 830-6820 Mr. Stuart Chuharski Director of Finance California Higher Education Loan Authority 388 Market Street, Suite 1250 San Francisco, CA 94111 (415) 391-0543 Mr. Peter Aweeky Hessische Landesbank 499 Park Avenue, 19th Floor New York, NY 10022 (212) 371-0640 Ms. Gloria Anderson City of Fontana Redevelopment Agency 8353 Sierra Avenue Fontana, CA 92335 (909) 350-7695 Mr. Gary Kitahata Kelling, Northcross & Nobriga 595 Market Street, Suite 1350 San Francisco, CA 94105 Mr. Richard Chirls Orrick, Herrington & Sutcliffe 599 Lexington Avenue, 29th Floor New York, NY 10022 (212) 326-8815 Mr. Tom DeMars Fieldman, Rolapp & Associates 2100 S.E. Main Street, 2nd Floor Irvine, CA 92714 (714) 660-8500 Additional references will be provided upon request C L BONNEA U & Co. Partial listing of completed transactions where C. Bonneau has handled the reinvestment of bond funds. 125,000,000 CALIFORNIA HIGHER EDUCATION LOAN AUTHORITY, INC. Student Loan Revenue Adjustable Mode Bonds 1987 Refunding Series A $60j000,000 EAST BAY REGIONAL PARK DISTRICT (Alameda and Contra Costa Counties, California) General Obligation Bonds, Series 1992B $65 ,000,000 CITY OF FONTANA-COMMUNITY FACILITIES DISTRICT NO. 2 Special Tax Bonds, Series B $46,240,000 CITY OF FONTANA-COMMUNITY FACILITIES DISTRICT NO. 90-3 (Empire Center) Special Tax Bonds, Series A $103,720,000 COUNTY OF RIVERSIDE - PUBLIC FACILITIES FINANCING PROJECT 1986 Cross -Over Refunding COP Type I and Type II $200,.000,000 CALIFORNIA HIGHER EDUCATION LOAN AUTHORITY, INC. Student Loan Revenue Rate Adjustable Mode Bonds 1987 Refunding Series B 1987 Refunding Series C $75 ,000,000 CALIFORNIA HIGHER EDUCATION LOAN AUTHORITY, INC. Student Loan Revenue Rate Adjustable Mode Bonds Series 1988 A r r unArArFA TT X rn Transaction listing Page Two. $50,000,000 CALIFORNIA HIGHER EDUCATION LOAN AUTHORITY, INC. Student Loan Revenue Rate Adjustable Mode Bonds 1988 Refunding Series B $40,000,000 CALIFORNIA HIGHER EDUCATION LOAN AUTHORITY, INC. Student Loan Revenue Adjustable Mode Bonds 1992 Refunding Series D $17,080,000 EAST BAY REGIONAL PARK DISTRICT (Alameda and Contra Costa Counties, California) 1993 Limited Obligation Refunding Bonds $8,370,000 RIVERSIDE UNIFIED SCHOOL DISTRICT Community Facilities District No. 2 1993 Series A $13,100,000 REDEVELOPMENT AGENCY OF THE CITY OF RIALTO Tax Allocation Bonds (Subareas A and B) 1993 Series A 7 830 000 CITY OF CALIFORNIA CITY REDEVELOPMENT AGENCY 1993 Tax Allocation Bonds, Series A and B $8, 820.000 CITY OF CHINO Central City Redevelopment Project 1991 Tax Allocation Bonds, Series A $6,775.000 CITY OF CHINO Refunding Certificates of Participation (Storm Drain Project) Transaction Listing Page Three. $6,185,000 CITY OF CHINO Central City Redevelopment Project 1987 Tax Allocaiton Refunding Bonds $5,620,000 CITY OF CHINO Central City Redevelopment Project 1988 Tax Allocation Bonds 5 395 000 CITY OF CHINO Certificates of Participation (Water System Improvement Project) AMBAC Insured $2,285,000 CITY OF CHINO Central City Redevelopment Project 1991 Tax Allocation Bonds, Series B $45,000,000 REDEVELOPMENT AGENCY OF THE CITY OF WEST COVINA 1989 Special Tax Bonds Community Facilities District No. 1989-1 $14,720,000 CITY OF MORENO VALLEY, CALIFORNIA Community Facilities District No. 2 (Moreno Valley Auto Mall) Special Tax Bonds $12,1853000 CITY OF MORENO VALLEY, CALIFORNIA Certificates of Participation - Capital Projects Series 1989 $12,000,000 CITY OF MORENO VALLEY, CALIFORNIA Towngate Community Facilities District No. 87-1 Special Tax Bonds, Series B Transaction Listing Page Four. $6,858,539 CITY OF MORENO VALLEY, CALIFORNIA Assessment District No. 87-4 Limited Obligation Improvement Bonds $8,465,000 CITY OF DAVIS, CALIFORNIA Redevelopment Agency of the City of Davis Tax Allocation Bonds, Series 1990 9,540,000 FRANKLIN-McKINLEY SCHOOL DISTRICT SANTA CLARA COUNTY, CALIFORNIA Certificates of Participation $4,565,000 CITY OF MISSION VIEJO, CALIFORNIA Certificates of Participation 1990 City Hall Financing Project Mission Viejo Public Improvement $1493995,467 CULVER CITY REDEVELOPMENT AUTHORITY Revenue Bonds Series A and B of 1989 4,715,000 BAKERSFIELD CITY SCHOOL DISTRICT KERN COUNTY, CALIFORNIA Certificates of Participation 1989 Financing Project County of Kern Bakersfield City Schools Health Insurance Funding Corporation $12,000,000 KETCHIKAN GATEWAY BOROUGH, ALASKA 1989 Series A & B General Obligation Bonds Transaction Listing Page Five. $80,000,000 CITY OF OLATHE, KANSAS Educational Facilities Revenue Bonds Kansas Independent College Association Loan Educational Program Series A - Floating Rate Pool $50,000,000 CITY OF OAK FOREST, COOK COUNTY, ILLINOIS Homewood Pool - South Suburban Mayors and Managers Association Program Revenue Bonds, Series 1989 $439903000 NEVADA JOINT UNION HIGH SCHOOL DISTRICT NEVADA COUNTY, CALIFORNIA Certificates of Participation Lease Purchase Agreement $13451,000 ALABAMA HOUSING FINANCE AUTHORITY Multi -family residential Development Bonds Bragg Apartments, Series B $59 3005 ,000 EASTERN MUNICIPAL WATER DISTRICT, CALIFORNIA Certificates of Participation $39,.650,000 EASTERN MUNICIPAL WATER DISTRICT, CALIFORNIA Certificates of Participation $9,.300,000 CITY OF SAN MATEO, CALIFORNIA Sewer Revenue Bonds 1989 Series A Transaction Listing Page Six. $6,270,000 REDEVELOPMENT AGENCY OF THE CITY OF HAYWARD, CALIFORNIA Downtown Hayward Redevelopment Project, 1989 3 , 600,000 REDEVELOPMENT AGENCY OF THE CITY OF ROCKLIN, CALIFORNIA Redevelopment Project 1989 Tax Allocation Bonds $3 , 330,000 CALIFORNIA URBAN WATERFRONT AREA RESTORATION FINANCING AUTHORITY 1990 Revenue Bonds Series A Santa Monica International AYH -Hostel 25,875,000 COUNTY OF TULARE, CALIFORNIA 1987 Acquisition and Refunding Certificates of Participation $12 , 300,000 HEALTH AND EDUCATION FACILITIES AUTHORITY OF THE STATE OF MISSOURI Insured Educational Facilities St. Louis University, 1987 Series B $20,970,000 HEALTH AND EDUCATION FACILITIES AUTHORITY OF THE STATE OF MISSOURI Insured Educational Facilities St. Louis University, 1987 Series A $39,000,569 HEALTH AND EDUCATIONAL FACILITIES AUTHORITY OF THE STATE OF MISSOURI Missouri College Savings Bonds University of Missouri Projects 1989 Series A (Zero Coupon Bonds) Transaction Listing Page Seven. $35,000,000 NEW MEXICO HOSPITAL EQUIPMENT LOAN COUNCIL Variable Rate Weekly Demand Health Facility Equipment and Improvement Revenue Bonds Series 1989 $23,980,000 CONTRA COSTA COUNTY, CALIFORNIA Certificates of Participation 1991 County Building Acquisition Project $102095,000 HOUSING AUTHORITY OF THE CITY OF UPLAND, CALIFORNIA Revenue Bonds 1990, Series A $12,300,000 CARLSBAD UNIFIED SCHOOL DISTRICT Special Tax Bonds Community Facilities District No.1 (AVIARA) Series 1990 140 500 CITY OF MISSION VIEJO, CALIFORNIA Mini -Certificates of Participation 1990 City Hall Financing Project Mission Viejo Public Improvement $15,0003000 ACALANES UNION HIGH SCHOOL DISTRICT CONTRA COSTA COUNTY, CALIFORNIA 1990 General Obligation Bonds, Series B $25 % 115,000 RAMONA MUNICIPAL WATER DISTRICT, CALIFORNIA Certificates of Participation Ramona Public Facilities Corporation Series 1990 Transaction Listing Page Eight. $12,.500,000 CITY OF CORONADO, CALIFORNIA Coronado Community Development Agency 1990 Tax Allocation Bonds $163090,000 CITY OF RIALTO, CALIFORNIA 1988 Certificates of Participation (Wastewater Treatment Plant Project) $8,750,000 CITY OF RIALTO, CALIFORNIA Community Facilities District No. 87-1 Limited Tax Obligation Bonds U:1 Bank of America BANK OF AMERICA NT&SA LA QUINTA FINANCING AUTHORITY . fWAL�A"w"' REVENUE BONDS SERIES 199i, IdTrHALL PRO- JECT) BOND FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD°`"08.-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117355200 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117355200 LA QUINTA-CITY HALL 91 BOND FD CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 0.87 318,697.00 RECEIPTS DIVIDENDS 709.50 TOTAL RECEIPTS 709.50 * 0.00 * DISBURSEMENTS COST OF PURCHASES 710.00- 710.00 TOTAL DISBURSEMENTS 710.00-* 710.00 * TOTAL PRINCIPAL BALANCE 0.37 * 319,407.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT 117355200 LA QUINTA-CITY HALL 91 BOND FD PAR VALUE /SHARES BALANCE LAST STATEMENT TOTAL 318,697.87 PRINCIPAL CASH RECEIPTS DIVIDENDS FIDELITY INSTITUTIONAL DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE 08/03/93 CASH DIVIDEND FIDELITY INSTITUTIONAL DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE PAID 07/31/93 TOTAL DIVIDENDS TOTAL RECEIPTS DISBURSEMENTS COST OF PURCHASES FIDELITY INSTITUTIONAL DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE 08/03/93 710 PURCHASED 08/03/93 FIDELITY INSTITUTIONAL DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE TOTAL COST OF PURCHASES TOTAL DISBURSEMENTS CURRENT BALANCE TOTAL 319,407.37 CASH AMOUNT PAGE 2 INVESTMENT VALUE 0.87 318,697.00 709.50 709.50 * 0.00 709.50 * 0.00 710.00- 710.00 710.00-* 710.00 710.00-* 710.00 0.37 319,407.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117355200 LA QUINTA-CITY HALL 91 BOND FD PAR VALUE NUMBER OF SHARES ASSET DESCRIPTION OUTSIDE MANAGED STIFS 319,407 FIDELITY INSTITUTIONAL DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE TOTAL OUTSIDE MANAGED STIFS TOTAL OUTSIDE MANAGED STIFS TOTAL ASSETS EXCLUDING CASH TOTAL CASH TOTAL ASSETS PAGE 3 INVESTMENT VALUE 319,407.00 319,407.00 * 319,407.00 * 319,407.00 .37 319,407.37 M Bank of America BANK OF AMERICA NT&SA LA QUINTA FINANCING AUTHORITY LOCAL AGENCY REVENUE BONDS SERIES 1991, (CITY HALL PRO_ JECT) RESERVE FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117355201 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ---------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117355201 LA QUINTA-CITY HALL 91 RESERVE CASH PRINCIPAL BALANCE LAST STATEMENT 0.52 RECEIPTS DIVIDENDS 1,648.42 TOTAL RECEIPTS 1,648.42 DISBURSEMENTS COST OF PURCHASES 1,648.00- TOTAL DISBURSEMENTS 1,648.00-* TOTAL PRINCIPAL BALANCE 0.94 * INVESTMENT VALUE 740,444.00 • •• 1,648.00 1,648.00 * 742,092.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117355201 LA QUINTA-CITY HALL 91 RESERVE 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL 740,444.52 0.52 740,444.00 PRINCIPAL CASH RECEIPTS DIVIDENDS FIDELITY INSTITUTIONAL DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE 08/03/93 CASH DIVIDEND 1,648.42 FIDELITY INSTITUTIONAL DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE PAID 07/31/93 TOTAL DIVIDENDS 1,648.42 * 0.00 TOTAL RECEIPTS 1,648.42 * 0.00 DISBURSEMENTS COST OF PURCHASES FIDELITY INSTITUTIONAL DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE 08/03/93 1,648 PURCHASED 08/03/93 FIDELITY INSTITUTIONAL DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE TOTAL COST OF PURCHASES TOTAL DISBURSEMENTS CURRENT BALANCE TOTAL 742,092.94 1,648.00- 1,648.00 1,648.00-* 1,648.00 1,648.00-* 1,648.00 0.94 742,092.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT PAGE 117355201 LA QUINTA-CITY HALL 91 RESERVE 3 PAR VALUE INVESTMENT NUMBER OF SHARES ASSET DESCRIPTION VALUE OUTSIDE MANAGED STIFS 742,092 FIDELITY INSTITUTIONAL 742,092.00 DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE TOTAL OUTSIDE MANAGED STIFS 742,092.00 * TOTAL OUTSIDE MANAGED STIFS 742,092.00 * TOTAL ASSETS EXCLUDING CASH 742,092.00 TOTAL CASH .94 TOTAL ASSETS 742,092.94 J7 u ns Bank of America BANK OF AMERICA NT&SA LA QUINTA FINANCING AUTHORITY LOCAL AGENCY REVENEU BONDS SERIES 1991, (CITY HALL PRO- JECT) CONSTRUCTION FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117355202 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------------------------- ACCOUNT 117355202 PRINCIPAL BALANCE LAST STATEMENT RECEIPTS DIVIDENDS TOTAL RECEIPTS DISBURSEMENTS COST OF PURCHASES TOTAL DISBURSEMENTS TOTAL PRINCIPAL BALANCE 08/01/93 THROUGH 08/31/93 LA QUINTA-CITY HALL 91 CONST CASH INVESTMENT VALUE 0.40 2,154.00 4.49 4.49 * 0.00 4.00- 4.00 4.00-* 4.00 * 0.89 * 2,158.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117355202 LA QUINTA-CITY HALL 91 CONST 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL 2,154.40 0.40 2,154.00 PRINCIPAL CASH RECEIPTS DIVIDENDS FIDELITY INSTITUTIONAL DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE 08/03/93 CASH DIVIDEND 4.49 FIDELITY INSTITUTIONAL DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE PAID 07/31/93 TOTAL DIVIDENDS 4.49 * 0.00 TOTAL RECEIPTS 4.49 * 0.00 DISBURSEMENTS COST OF PURCHASES FIDELITY INSTITUTIONAL DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE 08/03/93 4 PURCHASED 08/03/93 4.00- 4.00 FIDELITY INSTITUTIONAL DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE TOTAL COST OF PURCHASES 4.00-* 4.00 TOTAL DISBURSEMENTS 4.00-* 4.00 CURRENT BALANCE TOTAL 2,158.89 0.89 2,158.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117355202 LA QUINTA-CITY HALL 91 CONST PAR VALUE INVESTMENT NUMBER OF SHARES ASSET DESCRIPTION VALUE OUTSIDE MANAGED STIFS 2,158 FIDELITY INSTITUTIONAL 2,158.00 DAILY MONEY FUND U.S. TREASURY PORTFOLIO NON -ARBITRAGE TOTAL OUTSIDE MANAGED STIFS 2,158.00 * TOTAL OUTSIDE MANAGED STIFS 2,158.00 * TOTAL ASSETS EXCLUDING CASH 2,158.00 TOTAL CASH .89 TOTAL ASSETS 2,158.89 PAGE 3 V.� Bank of America BANK OF AMERICA NT&SA LA QUINTA FINANCING AUTHORITY LOCAL AGENCY REVENUE BONDS SERIES 1991, (CITY HALL PRO- JECT) REBATE FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117355203 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117355203 LA QUINTA-CITY HALL 91 REBATE CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 0.00 0.00 TOTAL 0.00 * 0.00 * TOTAL PRINCIPAL BALANCE 0.00 * 0.00 * CORPTR STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117355203 LA QUINTA-CITY HALL 91 REBATE 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL .00 0.00 0.00 PRINCIPAL CASH TOTAL 0.00 * 0.00 TOTAL 0.00 * 0.00 CURRENT BALANCE TOTAL .00 0.00 0.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT PAGE 117355203 LA QUINTA-CITY HALL 91 REBATE 3 PAR VALUE INVESTMENT NUMBER OF SHARES ASSET DESCRIPTION VALUE TOTAL ASSETS EXCLUDING CASH .00 TOTAL CASH .00 TOTAL ASSETS .00 Trust Division TOM O'REILLY CITY OF LA QUINTA 78.105 CALLE ESTADO LA QUINTA, CA 92253 Trust Division ® First In 1, - -&-t+e Bank LA OUINTA REDEVELOPMENT PROJECT AREA NO. 2 TAX ALLOCATION BONDS, ISSUE OF 1992 REDEVELOPMENT FUND. ENCLOSED IS YOUR: TRANSACTION STATEMENT ASSET STATEMENT FOR THE PERIOD ENDING 09/31/93 FOR ADDITIONAL INFORMATION, PLEASE CONTACT YOUR ADMINISTRATIVE OFFICER: MONICA ESPINOZA Trust Division p,,, ,// rArw lips! Iwo, faiwomm LA QUINTA RDYP 92 REDEVELOPMENT FO ACCOUNT NUMBER: 8116202.000 SUMMARY OF TRANSACTIONS FROM 07/31/93 TO 08/31/93 INCOME PRINCIPAL ...... ......... YOUR LAST STATEMENT SHOWED BALANCES OF 0.00 0.00 SINCE THEN CASH HAS BEEN RECEIVED TOTALING 0.00 123,932.98 CASH DISBURSEMENTS WERE MADE TOTALING 0.00 129,932.98- ---------------- .....----------- LEAVING CASH ON HAND OF 0.00 0.00 Trust Division ® 0rwst /Itt+erSfate Bank PAGE 1 LA QUINTA RDYP 92 REDEVELOPMENT FO ACCOUNT NUMBER: $116202.000 TRANSACTION DETAIL FROM 07/31/93 TO 09/31/93 DATE ---- DESCRIPTION ........... PRINCIPAL ......... 07/31/93 BALANCE FROM PRIOR PERIOD 0.00 08/02/93 CASH RECEIPT OF INTEREST EARNED ON 9,699.52 PACIFIC AMERICAN FUND U S TREASURY INTEREST FROM 7/1/93 TO 7/31/93 08/02/93 PURCHASED 8,699.52 UNITS OF 8,699.52- PACIFIC AMERICAN FUND U S TREASURY 03/12/93 CASH DISBURSEMENT 121,233.46- PAID TO CITY OF LA QUINTA PAYMENT REQUISTION-CHECK REQN04,OTD 8/5/93, SEC 303(C)(3) INDT DTD 12/16/92 08/12/93 SOLD 121,233.46 UNITS OF 121,233.46 PACIFIC AMERICAN FUND U S TREASURY ................. 0.00 s Trust Division /�� Bank STATEMENT OF ASSETS 8/31/93 FACE AMOUNT OR NUMBER OF SHARES ................ PAGE 2 LA QUINTA ROVP 92 REDEVELOPMENT FO ACCOUNT NUMBER; $116202.000 FEDERAL MARKET DESCRIPTION COST VALUE ........... ....... ...... CASH 0.00 CASH EQUIVALENTS 0.00 3,594,524.26 PACIFIC AMERICAN FUND 3,594,524.26 3,594,524.26 U S TREASURY ................ TOTAL ASSETS 3,594,524.26 ................ 3,594,524.26 ---------------- ---------------- Trust Division First /ntersta-te Bank TOM O'REILLY CITY OF LA QUINTA 79-105 CALLE ESTADO LA QUINTA, CA 92253 Trust Division Fast /ni+erstate Bank LA QUINTA REDEVELOPMENT PROJECT AREA NO. 2 TAX ALLOCATION BONDS, ISSUE OF 1992 REDEVELOPMENT ESCROW FUND. ENCLOSED IS YOUR: TRANSACTION STATEMENT ASSET STATEMENT FOR THE PERIOD ENDING 08/31/93 FOR ADDITIONAL INFORMATION, PLEASE CONTACT YOUR ADMINISTRATIVE OFFICER: MONICA ESPINOZA Trust Division ® runt ImmBalk LA QUINTA RDVP 92 ESCROW FD SUMMARY OF TRANSACTIONS FROM 07/31/93 TO 09/31/93 YOUR LAST STATEMENT SHOWED BALANCES OF SINCE THEN CASH HAS BEEN RECEIVED TOTALING CASH DISBURSEMENTS WERE MADE TOTALING LEAVING CASH ON HAND OF ACCOUNT NUMBER: 8116202.001 INCOME 0.00 0.00 0.00 ---------------- 0.00 PRINCIPAL 0.00 3,239.99 3,239.99- ................ 0.00 DATE 07/31/93 08/02/93 08/02/93 Trust Division First b;ftmaw9w- Bark LA QUINTA RDVP 92 ESCROW FD TRANSACTION DETAIL FROM 07/31/93 TO 08/31/93 DESCRIPTION BALANCE FROM PRIOR PERIOD CASH RECEIPT OF INTEREST EARNED ON PACIFIC AMERICAN FUND U S TREASURY INTEREST FROM 7/1/93 TO 7/31/93 PURCHASED 3,239.99 UNITS OF PACIFIC AMERICAN FUND U S TREASURY PAGE ACCOUNT NUMBER: $116202.001 PRINCIPAL 0.00 3,239.99 3,239.99- 0.00 STATEMENT OF ASSETS 8/31/93 FACE AMOUNT OR NUMBER OF SHARES ................ 1,383,871.83 Trust Division VAIW /rlfMatalte Bank PAGE 2 LA QUINTA ROVP 92 ESCROW FD ACCOUNT NUMBER: 8116202.001 FEDERAL MARKET DESCRIPTION COST VALUE ........... ....... ...... CASH 0.00 CASH EQUIVALENTS ................ PACIFIC AMERICAN FUND 1,383,871.83 U S TREASURY ................ TOTAL ASSETS 1,383,871.83 ---------------- 0.00 1,333,871.83 ................ 1,383,871.83 ---------------- ---------------- Trust Division ®Rmt 1189=a6m9wB8nk TOM O'REILLY CITY OF LA QUINTA 78.105 CALLE ESTAOO LA QUINTA, CA 92253 Trust Division ® runt to1am. rstago- Bank LA OUINTA REDEVELOPMENT PROJECT AREA NO. 2 TAX ALLOCATION BONDS, ISSUE OF 1992 SPECIAL FUND ENCLOSED IS YOUR: TRANSACTION STATEMENT ASSET STATEMENT FOR THE PERIOD ENDING 08/31/93 FOR ADDITIONAL INFORMATION, PLEASE CONTACT YOUR ADMINISTRATIVE OFFICER: MONICA ESPINOZA &Trust Division 0frw8tbiftml-wBat* LA QUINTA ROMP 92 SPECIAL FO SUMMARY OF TRANSACTIONS FROM 07/31/93 TO 09/31/93 YOUR LAST STATEMENT SHOWED BALANCES OF SINCE THEN CASH HAS BEEN RECEIVED TOTALING CASH DISBURSEMENTS WERE MADE TOTALING LEAVING CASH ON HAND OF ACCOUNT NUMBER: 8116202.002 INCOME 0.00 0.00 0.00 ................ 0.00 PRINCIPAL 0.00 0.00 0.00 ................ 0.00 Trust Division ®First /nfrerstaw Bank TOM O'REILLY CITY OF LA OUINTA 7E-105 CALLE ESTADO LA OUINTA, CA 92253 Trust Division s first Inawwaptate Bank LA QUINTA REDEVELOPMENT PROJECT AREA NO. 2 TAX ALLOCATION BONDS, ISSUE OF 1992 SPECIAL FUND -INTEREST ACCOUNT ENCLOSED IS YOUR: TRANSACTION STATEMENT ASSET STATEMENT FOR THE PERIOD ENDING 08/31/93 FOR ADDITIONAL INFORMATION, PLEASE CONTACT YOUR ADMINISTRATIVE OFFICER: MONICA ESPINOZA Trust Division Rmt III ftft Bar* LA QUINTA RDYP 92 SPEC FO-INT ACCT SUMMARY OF TRANSACTIONS FROM 07/31/93 TO 09/31/93 YOUR LAST STATEMENT SHOWED BALANCES OF SINCE THEN CASH HAS BEEN RECEIVED TOTALING CASH DISBURSEMENTS WERE MADE TOTALING LEAVING CASH ON HAND OF ACCOUNT NUMBER: 9116202-003 INCOME 0.00 0.00 0.00 ................ 0.00 PRINCIPAL 0.00 0.18 0.18- ................ 0.00 Trust Division ®first / alb Bank PAGE LA QUINTA RDYP 92 SPEC FD-INT ACCT . ACCOUNT NUMBER: 8116202.003 TRANSACTION DETAIL FROM 07/31/93 TO 08/31/93 DATE DESCRIPTION 07/31/93 BALANCE FROM PRIOR PERIOD PRINCIPAL 0.00 08/02/93 CASH RECEIPT OF INTEREST EARNED ON 0.18 PACIFIC AMERICAN FUND U S TREASURY INTEREST FROM 7/1/93 TO 7/31/93 08/02/93 PURCHASED 0.18 UNITS OF 0.18- PACIFIC AMERICAN FUND U S TREASURY 0.00 Trust Division ® Rmt InfleMtaft Bank PAGE 2 STATEMENT OF ASSETS LA QUINTA RDYP 92 SPEC FD-INT ACCT ACCOUNT NUMBER: $116202.003 8/31/93 FACE AMOUNT OR FEDERAL MARKET NUMBER OF SHARES DESCRIPTION COST VALUE ---------------- ........... ....... ...... CASH 0.00 0.00 CASH EQUIVALENTS ................ 76.66 PACIFIC AMERICAN FUND 76.66 76.66 U S TREASURY ................ ................ TOTAL ASSETS 76.66 76.66 Trust Division Bar* TOM O'REILLY CITY OF LA QUINTA 7E-105 CALLE ESTAOO LA QUINTA, CA 92253 Trust Division ®first inf+erstaf+e Bank LA QUINTA REDEVELOPMENT PROJECT AREA NO. 2 TAX ALLOCATION BONDS, ISSUE OF 1992 SPECIAL FUND -PRINCIPAL ACCOUNT ENCLOSED IS YOUR: TRANSACTION STATEMENT ASSET STATEMENT FOR THE PERIOD ENDING 08/31/93 FOR ADDITIONAL INFORMATION, PLEASE CONTACT YOUR ADMINISTRATIVE OFFICER: MONICA ESPINOZA 0Trust Division ,Fwstlip dateBank LA QUINTA ROMP 92 SPEC FD-PRIN ACCT SUMMARY OF TRANSACTIONS FROM 07/31/93 TO 08/31/93 YOUR LAST STATEMENT SHOWED BALANCES OF SINCE THEN CASH HAS BEEN RECEIVED TOTALING CASH DISBURSEMENTS WERE MADE TOTALING LEAVING CASH ON HAND OF ACCOUNT NUMBER: 8116202.004 INCOME 0.00 0.00 0.00 0.00 PRINCIPAL 0.00 0.00 0.00 ................ 0.00 FjTrust Division . first Ini+erstaste Bank TOM O'REILLY CITY OF LA QUINTA 78-105 CALLE ESTADO LA QUINTA, CA 92253 Trust Division first Interstate Bank LA QUINTA REDEVELOPMENT PROJECT AREA NO. 2 TAX ALLOCATION BONDS, ISSUE OF 1992 SPECIAL FUND RESERVE ACCOUNT ENCLOSED IS YOUR: TRANSACTION STATEMENT ASSET STATEMENT FOR THE PERIOD ENDING 08/31/93 FOR ADDITIONAL INFORMATION, PLEASE CONTACT YOUR ADMINISTRATIVE OFFICER: MONICA ESPINOZA Trust Division ® Fnat Interstate Bank LA QUINTA ROVP 92 SPEC FD-RESERYE ACCOUNT NUMBER; $116202.005 SUMMARY OF TRANSACTIONS FROM 07/31/93 TO 08/31/93 INCOME PRINCIPAL YOUR LAST STATEMENT SHOWED BALANCES OF 0.00 0.00. SINCE THEN CASH HAS BEEN RECEIVED TOTALING 0.00 927.78 CASH DISBURSEMENTS WERE MADE TOTALING 0.00 927.78- ................................ LEAVING CASH ON HAND OF 0.00 0.00 Trust Division ® Rmt kderstatae Bank PAGE 1 LA OUINTA RDYP 92 SPEC FD-RESERVE ACCOUNT NUMBER: 8116202.005 TRANSACTION DETAIL FROM 07/31/93 TO 08/31/93 DATE DESCRIPTION PRINCIPAL .... ........... ......... 07/31/93 BALANCE FROM PRIOR PERIOD 0.00 08/02/93 CASH RECEIPT OF INTEREST EARNED ON 927.78 PACIFIC AMERICAN FUND U S TREASURY INTEREST FROM 7/1/93 TO 7/31/93 08/02/93 PURCHASED 927.78 UNITS OF 927.78- PACIFIC AMERICAN FUND U S TREASURY ................. 0.00 Trust Division ® Rmt lnfieMiato Bank STATEMENT OF ASSETS 8/31/93 FACE AMOUNT OR NUMBER OF SHARES ---------------- PAGE 2 LA QUINTA ROVP 92 SPEC FD-RESERVE ACCOUNT NUMBER: 8116202-005 FEDERAL MARKET DESCRIPTION COST VALUE ........... ....... ...... CASH 0.00 CASH EQUIVALENTS ................ 0.00 396,275.77 PACIFIC AMERICAN FUND 396,275.77 396,275.77 U S TREASURY ................ TOTAL ASSETS 396,275.77 ................ 396,275.77 BTrust Division .MmUrl tale Bank TOM O'REILLY CITY OF LA QUINTA 79-105 CALLE ESTADO LA QUINTA, CA 92253 Trust Division ® vim /nterstat+e Bank LA QUINTA REDEVELOPMENT PROJECT AREA NO. 2 TAX ALLOCATION BONDS, ISSUE OF 1992-REBATE FUND ENCLOSED IS YOUR: TRANSACTION STATEMENT ASSET STATEMENT FOR THE PERIOD ENDING 08/31/93 FOR ADDITIONAL INFORMATION, PLEASE CONTACT YOUR ADMINISTRATIVE OFFICER: MONICA ESPINOZA FjTrust Division Bank , f romt —Ba ll1A LA QUINTA RDYP 92 REBATE FD SUMMARY OF TRANSACTIONS FROM 07/31/93 TO 08/31/93 YOUR LAST STATEMENT SHOWED BALANCES OF SINCE THEN CASH HAS BEEN RECEIVED TOTALING CASH DISBURSEMENTS WERE MADE TOTALING LEAVING CASH ON HAND OF ACCOUNT NUMBER; $116202-006 INCOME 0.00 0.00 0.00 ---------------- 0.00 PRINCIPAL 0.00 0.00 0.00 ---------------- 0.00 ' U � Bank of America BANK OF AMERICA NT&SA LA QUINTA REDEVELOPMENT AGENCY LA QUINTA RDA PROJECT TAX ALLOC BONDS SERIES 1991 BOND INTEREST FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117349300 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117349300 LA QUINTA RDA 91 BD INTEREST CASH PRINCIPAL BALANCE LAST STATEMENT RECEIPTS DIVIDENDS MISCELLANEOUS RECEIPTS TOTAL RECEIPTS DISBURSEMENTS COST OF PURCHASES TOTAL DISBURSEMENTS TOTAL PRINCIPAL BALANCE 0.13 272,055.49 272,055.00- 0.05 272,055.62 272,055.00-* 0.67 * INVESTMENT VALUE 60.00 272,055.00 272,055.00 * 272,115.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117349300 LA QUINTA RDA 91 BD INTEREST 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL 60.05 0.05 60.00 PRINCIPAL CASH RECEIPTS DIVIDENDS PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/03/93 CASH DIVIDEND .13 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES PAID 07/31/93 TOTAL DIVIDENDS 0.13 * 0.00 MISCELLANEOUS RECEIPTS 08/31/93 TRANSFER FROM PRINCIPAL 259,977.31 ACCOUNT # 117204600 LA QUINTA RDA TABS 89' LA QUINTA RDA 91 BD INTEREST PER RESOLUTION SECTION 15A FOR PAYMENT OF 9-1-93 BOND INTEREST ON SERIES 1991 08/31/93 TRANSFER FROM PRINCIPAL 12,072.55 ACCOUNT # 117349303 LA QUINTA RDA 91 DEBT SRV RESV LA QUINTA RDA 91 BD INTEREST PER RESOLUTION SECTION 15C FUNDS IN EXCESS OF RESERVE REQUIREMENT 08/31/93 TRANSFER FROM PRINCIPAL 5.63 ACCOUNT # 117349304 LA QUINTA RDA 91 DBT SERV SPEC LA QUINTA RDA 91 BD INTEREST FOR 9-1-93 BOND INTEREST TOTAL MISCELLANEOUS RECEIPTS 272,055.49 * 0.00 TOTAL RECEIPTS 272,055.62 * 0.00 DISBURSEMENTS COST OF PURCHASES PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/31/93 272,055 PURCHASED 08/31/93 272,055.00- 272,055.00 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL COST OF PURCHASES 272,055.00-* 272,055.00 TOTAL DISBURSEMENTS 272,055.00-* 272,055.00 STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117349300 LA QUINTA RDA 91 BD INTEREST 3 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE CURRENT BALANCE TOTAL 272,115.67 0.67 272,115.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117349300 LA QUINTA RDA 91 BD INTEREST PAR VALUE NUMBER OF SHARES ASSET DESCRIPTION OUTSIDE MANAGED STIFS OUTSIDE MANAGED STIFS 272,115 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL OUTSIDE MANAGED STIFS TOTAL OUTSIDE MANAGED STIFS TOTAL ASSETS EXCLUDING CASH TOTAL CASH TOTAL ASSETS INVESTMENT VALUE 272,115.00 272,115.00 * 272,115.00 * 272,115.00 .67 272,115.67 PAGE 4 Bank of America BANK OF AMERICA NT&SA LA QUINTA REDEVELOPMENT AGENCY LA QUINTA RDA PROJECT TAX ALLOC BONDS SERIES 1991 BOND PAYMENT FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117349301 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT, 117349301 LA QUINTA RDA 91 BD PAYMENT CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 0.00 0.00 RECEIPTS MISCELLANEOUS RECEIPTS 190,000.00 TOTAL RECEIPTS 190,000.00 * 0.00 * DISBURSEMENTS COST OF PURCHASES 190,000.00- 190,000.00 TOTAL DISBURSEMENTS 190,000.00-* 190,000.00 * TOTAL PRINCIPAL BALANCE 0.00 * 190,000.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117349301 LA QUINTA RDA 91 BD PAYMENT 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL .00 0.00 0.00 PRINCIPAL CASH RECEIPTS MISCELLANEOUS RECEIPTS 08/31/93 TRANSFER FROM PRINCIPAL 190,000.00 ACCOUNT # 117204600 LA QUINTA RDA TABS 89' LA QUINTA RDA 91 BD PAYMENT PER RESOLUTION SECTION 15B FOR 9-1-93 MATURING BOND PRINCIPAL ON SERIES 1991 TOTAL MISCELLANEOUS RECEIPTS 190,000.00 * 0.00 TOTAL RECEIPTS 190,000.00 * 0•00 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/31/93 190,000 TOTAL COST OF PURCHASES TOTAL DISBURSEMENTS CURRENT BALANCE DISBURSEMENTS COST OF PURCHASES PURCHASED 08/31/93 190,000.00- 190,000.00 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 190,000.00-* 190,000.00 190,000.00-* 190,000.00 TOTAL 190,000.00 0.00 190,000.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117349301 LA QUINTA RDA 91 BD PAYMENT PAR VALUE NUMBER OF SHARES ASSET DESCRIPTION OUTSIDE MANAGED STIFS 190,000 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL OUTSIDE MANAGED STIFS TOTAL OUTSIDE MANAGED STIFS TOTAL ASSETS EXCLUDING CASH TOTAL CASH TOTAL ASSETS PAGE 3 INVESTMENT VALUE 190,000.00 190,000.00 * 190,000.00 * 190,000.00 .00 190,000.00 UnBank of America BANK OF AMERICA NT&SA LA QUINTA REDEVELOPMENT AGENCY LA QUINTA RDA PROJECT TAX ALLOC BONDS SERIES 1991 REDEMPTION FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117349302 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117349302 LA QUINTA RDA 91 REDEMPTION FD CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 0.00 0.00 TOTAL 0.00 * 0.00 * TOTAL PRINCIPAL BALANCE 0.00 * 0.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117349302 LA QUINTA RDA 91 REDEMPTION FD 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL .00 0.00 0.00 PRINCIPAL CASH TOTAL 0.00 * 0.00 TOTAL 0.00 * 0.00 CURRENT BALANCE TOTAL .00 0.00 0.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT PAGE 117349302 LA QUINTA RDA 91 REDEMPTION FD 3 PAR VALUE INVESTMENT NUMBER OF SHARES ASSET DESCRIPTION VALUE TOTAL ASSETS EXCLUDING CASH .00 TOTAL CASH .00 TOTAL ASSETS .00 u n" Bank of America BANK OF AMERICA NT&SA LA QUINTA REDEVELOPMENT AGENCY LA QUINTA RDA PROJECT TAX ALLOC BOND SERIES 1991 DEBT SERVICE RESERVE CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117349303 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY ---------------------------------------------------------------------------------------------------------------- OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT 117349303 LA QUINTA RDA 91 DEBT SRV RESV CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 1.07 744,892:.-OO RECEIPTS zr DIVIDENDS 1,660.50 PROCEEDS FROM SALES 12,073.00 12,073.00- TOTAL RECEIPTS 13,733.50 * 12,073.00-* DISBURSEMENTS MISCELLANEOUS DISBURSEMENTS 12,072.55- COST OF PURCHASES 1,661.00- 1,661.00 TOTAL DISBURSEMENTS 13,733.55-* 1,661.00 * TOTAL PRINCIPAL BALANCE 1.02 * 734,480.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117349303 LA QUINTA RDA 91 DEBT SRV RESV 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL 744,893.07 1.07 744,892.00 PRINCIPAL CASH RECEIPTS DIVIDENDS PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/03/93 CASH DIVIDEND 1,660.50 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES PAID 07/31/93 TOTAL DIVIDENDS 1,660.50 * 0.00 PROCEEDS FROM SALES PACIFIC HORIZON TREASURY FIND PACIFIC HORIZON SHARES 08/31/93 12,073- SOLD 08/31/93 12,073.00 12,073.00- PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL PROCEEDS FROM SALES 12,073.00 * 12,073.00-* TOTAL RECEIPTS 13,733.50 * 12,073.00-* DISBURSEMENTS MISCELLANEOUS DISBURSEMENTS 08/31/93 TRANSFER TO PRINCIPAL 12,072.55- ACCOUNT !# 117349300 LA QUINTA RDA 91 BD INTEREST LA QUINTA RDA 91 DEBT SRV RESV PER RESOLUTION SECTION 15C FUNDS IN EXCESS OF RESERVE REQUIREMENT TOTAL MISCELLANEOUS DISBURSEMENTS 12,072.55-* 0.00 COST OF PURCHASES PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/03/93 1,661 PURCHASED 08/03/93 1,661.00- 1,661.00 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL COST OF PURCHASES 1,661.00-* 1,661.00 * TOTAL DISBURSEMENTS 13,733.55-* 1,661.00 * CURRENT BALANCE TOTAL 734,481.02 1.02 734,480.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117349303 LA QUINTA RDA 91 DEBT SRV RESV PAR VALUE NUMBER OF SHARES ASSET DESCRIPTION OUTSIDE MANAGED STIFS 736,140 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL OUTSIDE MANAGED STIFS TOTAL OUTSIDE MANAGED STIFS TOTAL ASSETS EXCLUDING CASH TOTAL CASH TOTAL ASSETS PAGE 3 INVESTMENT VALUE 736,140.00 736,140.00 * 736,140.00 * 734,480.00 1.02 734,481.02 -- 1 ffl, Bank of America BANK OF AMERICA NT&SA LA QUINTA REDEVELOPMENT AGENCY LA QUINTA RDA PROJECT TAX ALLOC BOND SERIES 1991 DEBT SERVICE RESERVE CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117349303 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117349303 LA QUINTA RDA 91 DEBT SRV RESV CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 1.07 744,892.00 RECEIPTS DIVIDENDS 1,660.50 PROCEEDS FROM SALES 12,073.00 12,073.00- TOTAL RECEIPTS 13,733.50 * 12,073.00-* DISBURSEMENTS MISCELLANEOUS DISBURSEMENTS 12,072.55- COST OF PURCHASES 1,661.00- 1,661.00 TOTAL DISBURSEMENTS 13,733.55-* 1,661.00 * TOTAL PRINCIPAL BALANCE 1.02 * 734,480.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT 117349303 LA QUINTA RDA 91 DEBT SRV RESV PAR VALUE /SHARES BALANCE LAST STATEMENT TOTAL 744,893.07 PRINCIPAL CASH RECEIPTS DIVIDENDS PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/03/93 CASH DIVIDEND PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES PAID 07/31/93 TOTAL DIVIDENDS PROCEEDS FROM SALES PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/31/93 12,073- SOLD 08/31/93 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL PROCEEDS FROM SALES TOTAL RECEIPTS DISBURSEMENTS MISCELLANEOUS DISBURSEMENTS 08/31/93 TRANSFER TO PRINCIPAL ACCOUNT # 117349300 LA QUINTA RDA 91 BD INTEREST LA QUINTA RDA 91 DEBT SRV RESV PER RESOLUTION SECTION 15C FUNDS IN EXCESS OF RESERVE REQUIREMENT TOTAL MISCELLANEOUS DISBURSEMENTS COST OF PURCHASES PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/03/93 1,661 PURCHASED 08/03/93 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL COST OF PURCHASES TOTAL DISBURSEMENTS CURRENT BALANCE TOTAL 734,481.02 CASH AMOUNT PAGE 2 INVESTMENT VALUE 1.07 744,892.00 1,660.50 1,660.50 * 0.00 * 12,073.00 12,073.00- 12,073.00 * 12,073.00-* 13,733.50 * 12,073.00-* 12,072.55- 12,072.55-* 0.00 * 1,661.00- 1,661.00 1,661.00-* 1,661.00 * 13,733.55-* 1,661.00 * 1.02 734,480.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117349303 LA QUINTA RDA 91 DEBT SRV RESV PAR VALUE INVESTMENT NUMBER OF SHARES ASSET DESCRIPTION VALUE OUTSIDE MANAGED STIFS 736,140 PACIFIC HORIZON TREASURY FUND 736,140.00 PACIFIC HORIZON SHARES TOTAL OUTSIDE MANAGED STIFS 736,140.00 * TOTAL OUTSIDE MANAGED STIFS 736,140.00 * TOTAL ASSETS EXCLUDING CASH 734,480.00 TOTAL CASH 1.02 TOTAL ASSETS 734,481.02 PAGE 3 U � Bank of America BANK OF AMERICA NT&SA LA QUINTA REDEVELOPMENT AGENCY LA QUINTA RDA PROJECT TAX ALLOC BONDS SERIES 1991 DEBT SERVICE SPECIAL CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117349304 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117349304 LA QUINTA RDA 91 DBT SERV SPEC CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 0.61 5•00 RECEIPTS DIVIDENDS 0.01 PROCEEDS FROM SALES 5.00 5.00- TOTAL RECEIPTS 5.01 * 5.00-* DISBURSEMENTS MISCELLANEOUS DISBURSEMENTS 5.63- TOTAL DISBURSEMENTS 5.63-* 0.00 * TOTAL PRINCIPAL BALANCE 0.01-* 0.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117349304 LA QUINTA RDA 91 DBT SERV SPEC 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL 5.61 0.61 5.00 PRINCIPAL CASH RECEIPTS DIVIDENDS PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/03/93 CASH DIVIDEND .01 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES PAID 07/31/93 TOTAL DIVIDENDS 0.01 * 0.00 PROCEEDS FROM SALES PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/31/93 5- SOLD 08/31/93 5.00 5.00- PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL PROCEEDS FROM SALES 5.00 * 5.00-* TOTAL RECEIPTS 5.01 * 5.00-* DISBURSEMENTS MISCELLANEOUS DISBURSEMENTS 08/31/93 TRANSFER TO PRINCIPAL 5.63- ACCOUNT # 117349300 LA QUINTA RDA 91 BD INTEREST LA QUINTA RDA 91 DBT SERV SPEC FOR 9-1-93 BOND INTEREST TOTAL MISCELLANEOUS DISBURSEMENTS 5.63-* 0.00 * TOTAL DISBURSEMENTS 5.63-* 0.00 * CURRENT BALANCE TOTAL .01- 0.01- 0.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117349304 LA QUINTA RDA 91 DBT SERV SPEC PAR VALUE NUMBER OF SHARES ASSET DESCRIPTION TOTAL ASSETS EXCLUDING CASH TOTAL CASH TOTAL ASSETS INVESTMENT VALUE .00 .01- .01- PAGE 3 4 Bank of America BANK OF AMERICA NT&SA LA QUINTA REDEVELOPMENT AGENCY LA QUINTA RDA PROJECT TAX ALLOC REFUNDING BONDS SER 1990 90 BOND INTEREST FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117283400 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117283400 LA QUINTA RDA 90 BD INTEREST F CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 0.25 154.00 RECEIPTS DIVIDENDS 0.34 MISCELLANEOUS RECEIPTS 697,858.25 TOTAL RECEIPTS 697,858.59 * 0.00 * DISBURSEMENTS COST OF PURCHASES 697,858.00- 697,858.00 TOTAL DISBURSEMENTS 697,858.00-* 697,858.00 * TOTAL PRINCIPAL BALANCE 0.84 * 698,012.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117283400 LA QUINTA RDA 90 BD INTEREST F 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL 154.25 0.25 154.00 PRINCIPAL CASH RECEIPTS DIVIDENDS PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/03/93 CASH DIVIDEND .34 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES PAID 07/31/93 TOTAL DIVIDENDS 0.34 * 0.00 MISCELLANEOUS RECEIPTS 08/31/93 TRANSFER FROM PRINCIPAL 697,858.25 ACCOUNT # 117204600 LA QUINTA RDA TABS 89' LA QUINTA RDA 90 BD INTEREST F PER RESOLUTION SECTION 15A FOR PAYMENT OF BOND INTEREST DUE 9-1-93 ON SERIES 1990 TOTAL MISCELLANEOUS RECEIPTS 697,858.25 * 0.00 TOTAL RECEIPTS 697,858.59 * 0.00 DISBURSEMENTS COST OF PURCHASES PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/31/93 697,858 PURCHASED 08/31/93 697,858.00- 697,858.00 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL COST OF PURCHASES 697,858.00-* 697,858.00 TOTAL DISBURSEMENTS 697,858.00-* 697,858.00 CURRENT BALANCE TOTAL 698,012.84 0.84 698,012.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117283400 LA QUINTA RDA 90 BD INTEREST F PAR VALUE NUMBER OF SHARES ASSET DESCRIPTION OUTSIDE MANAGED STIFS 698,012 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL OUTSIDE MANAGED STIFS TOTAL OUTSIDE MANAGED STIFS TOTAL ASSETS EXCLUDING CASH TOTAL CASH TOTAL ASSETS PAGE 3 INVESTMENT VALUE 698,012.00 698,012.00 * 698,012.00 * 698,012.00 .84 698,012.84 1 M. Bank of America BANK OF AMERICA NT&SA LA QUINTA REDEVELOPMENT AGENCY LA QUINTA RDA PROJECT TAX ALLOC REFUNDING BONDS SER 1990 BOND PAYMENT FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117283401 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS -------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117283401 LA QUINTA RDA 90 BD PAYMENT FD CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 0.01 1.00 RECEIPTS MISCELLANEOUS RECEIPTS 459,998.99 TOTAL RECEIPTS 459,998.99 * 0.00 * DISBURSEMENTS COST OF PURCHASES 459,999.00- 459,999.00 TOTAL DISBURSEMENTS 459,999.00-* 459,999.00 * TOTAL PRINCIPAL BALANCE 0.00 * 460,000.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117283401 LA QUINTA RDA 90 BD PAYMENT FD 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL 1.01 0.01 1.00 PRINCIPAL CASH RECEIPTS MISCELLANEOUS RECEIPTS 08/31/93 TRANSFER FROM PRINCIPAL 459,998.99 ACCOUNT # 117204600 LA QUINTA RDA TABS 89' LA QUINTA RDA 90 BD PAYMENT FD PER RESOLUTION SECTION 15B FOR PAYMENT OF MATURING BOND PRINCIPAL DUE 9-1-93 ON SERIES 1990 TOTAL MISCELLANEOUS RECEIPTS 459,998.99 * 0.00 TOTAL RECEIPTS 459,998.99 * 0.00 DISBURSEMENTS COST OF PURCHASES PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/31/93 459,999 PURCHASED 08/31/93 459,999.00- 459,999.00 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL COST OF PURCHASES 459,999.00-* 459,999.00 TOTAL DISBURSEMENTS 459,999.00-* 459,999.00 CURRENT BALANCE TOTAL 460,000.00 0.00 460,000.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117283401 LA OUINTA RDA 90 BD PAYMENT FD PAR VALUE NUMBER OF SHARES ASSET DESCRIPTION OUTSIDE MANAGED STIFS 460,000 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL OUTSIDE MANAGED STIFS TOTAL OUTSIDE MANAGED STIFS TOTAL ASSETS EXCLUDING CASH TOTAL CASH TOTAL ASSETS PAGE 3 INVESTMENT VALUE 460,000.00 460,000.00 * 460,000.00 * 460,000.00 .00 460,000.00 l7/ Bank of America BANK OF AMERICA NT&SA LA QUINTA REDEVELOPMENT AGENCY LA QUINTA RDA PROJECT TAX ALLOC REFUNDING BONDS SER 1990 DEBT SERVICE RESERVE CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117283402 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117283402 LA QUINTA RDA 90 DEBT SER RESV CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 0.00 1.00 TOTAL 0.00 * 0.00 * TOTAL PRINCIPAL BALANCE 0.00 * 1.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117283402 LA QUINTA RDA 90 DEBT SER RESV 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL 1.00 0.00 1.00 PRINCIPAL CASH TOTAL 0.00 * 0.00 TOTAL 0.00 * 0.00 CURRENT BALANCE TOTAL 1.00 0.00 1.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT PAGE 117283402 LA QUINTA RDA 90 DEBT SER RESV 3 PAR VALUE INVESTMENT NUMBER OF SHARES ASSET DESCRIPTION VALUE SUNDRY ASSETS SUNDRIES 1 MUNICIPAL BOND INVESTORS 1.00 ASSURANCE SURETY BOND # 7905 05/08/90 09/01/2012 TOTAL SUNDRIES 1.00 * TOTAL SUNDRY ASSETS 1.00 * TOTAL ASSETS EXCLUDING CASH 1.00 TOTAL CASH .00 TOTAL ASSETS 1.00 u�l Bank of America BANK OF AMERICA NT&SA LA QUINTA REDEVELOPMENT AGENCY LA QUINTA RDA PROJECT TAX ALLOC REFUNDING BONDS SER 1990 EXCESS INVESTMENT EARNINGS CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 ACCOUNT NUMBER - 117283403 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ---------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117283403 LA QUINTA RDA 90 EX INVST EARN CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 0.00 0.00 TOTAL 0.00 * 0.00 * TOTAL PRINCIPAL BALANCE 0.00 * 0.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117283403 LA QUINTA RDA 90 EX INVST EARN 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL .00 0.00 0.00 PRINCIPAL CASH TOTAL 0.00 * 0.00 TOTAL 0.00 * 0.00 CURRENT BALANCE TOTAL .00 0.00 0.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT PAGE 117283403 LA QUINTA RDA 90 EX INVST EARN 3 PAR VALUE INVESTMENT NUMBER OF SHARES ASSET DESCRIPTION VALUE TOTAL ASSETS EXCLUDING CASH TOTAL CASH TOTAL ASSETS o N ffl, Bank of America BANK OF AMERICA NT&SA LA QUINTA REDEVELOPMENT AGENCY LA QUINTA RDA PROJECT TAX ALLOC REFUNDING BONDS SER 1990 REDEMPTION FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. JOHN RISLEY 78-105 CALLE ESTADO LA QUINTA. CALIFORNIA 92253 ACCOUNT NUMBER - 117283404 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ---------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117283404 LA QUINTA RDA 90 REDEMPTION FD CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 0.00 0.00 TOTAL 0.00 * 0.00 * TOTAL PRINCIPAL BALANCE 0.00 * 0.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117283404 LA QUINTA RDA 90 REDEMPTION FD 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL .00 0.00 0.00 PRINCIPAL CASH TOTAL 0.00 * 0.00 TOTAL 0.00 * 0.00 CURRENT BALANCE TOTAL .00 0.00 0.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT PAGE 117283404 LA QUINTA RDA 90 REDEMPTION FD 3 PAR VALUE INVESTMENT NUMBER OF SHARES ASSET DESCRIPTION VALUE TOTAL ASSETS EXCLUDING CASH •00 TOTAL CASH •00 TOTAL ASSETS •00 M Bank of America BANK OF AMERICA NT&SA LA QUINTA RDA TABS 89' LA QUINTA SPECIAL FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. TOM GENOVESE 78-105 CAILE ESTADO LA QUINTA, CALIFORNIA 92253 92253 ACCOUNT NUMBER - 117204600 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------- -------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117204600 LA QUINTA RDA TABS 89' CASH PRINCIPAL BALANCE LAST STATEMENT RECEIPTS DIVIDENDS MISCELLANEOUS RECEIPTS PROCEEDS FROM SALES TOTAL RECEIPTS DISBURSEMENTS MISCELLANEOUS DISBURSEMENTS COST OF PURCHASES TOTAL DISBURSEMENTS TOTAL PRINCIPAL BALANCE 0.46 2,037,467.92 2,037,677.00 2,037,677.31- 2,037,468.00- 0.52 4,075,145.38 * 4,075,145.31-* 0.59 * INVESTMENT VALUE 209.00 2,037,677.00- 2,037,677.00-* 2,037,468.00 2 , 037 , 468.00 - * 0.00 * CORPTR STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117204600 LA QUINTA RDA TABS 89' 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL 209.52 0.52 209.00 PRINCIPAL CASH RECEIPTS DIVIDENDS PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/03/93 CASH DIVIDEND .46 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES PAID 07/31/93 TOTAL DIVIDENDS 0.46 * 0.00 MISCELLANEOUS RECEIPTS 08/30/93 RECEIVED IN ACCOUNT 2,037,467.92 FROM LA QUINTA REDEVELOPMENT AGENCY - TAX REVENUES FOR 9-1-93 DEBT SERVICE TOTAL MISCELLANEOUS RECEIPTS 2,037,467.92 * 0.00 PROCEEDS FROM SALES PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/31/93 2,037,677- SOLD 08/31/93 2,037,677.00 2,037,677.00- PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL PROCEEDS FROM SALES 2,037,677.00 * 2,037,677.00-* TOTAL RECEIPTS 4,075,145.38 * 2,037,677.00-* DISBURSEMENTS MISCELLANEOUS DISBURSEMENTS 08/31/93 TRANSFER TO PRINCIPAL 190,000.00- ACCOUNT # 117349301 LA QUINTA RDA 91 BD PAYMENT LA QUINTA RDA TABS 89' PER RESOLUTION SECTION 15B FOR 9-1-93 MATURING BOND PRINCIPAL ON SERIES 1991 08/31/93 TRANSFER TO PRINCIPAL 259,977.31- ACCOUNT #f 117349300 LA QUINTA RDA 91 BD INTEREST LA QUINTA RDA TABS 89' PER RESOLUTION SECTION 15A FOR PAYMENT OF 9-1-93 BOND INTEREST ON SERIES 1991 rnu STATEMENT OF TRANSACTIONS ACCOUNT 08/01/93 THROUGH 08/31/93 117204600 LA QUINTA RDA TABS 89' PAR VALUE /SHARES CASH AMOUNT PAGE 3 INVESTMENT VALUE 08/31/93 TRANSFER TO PRINCIPAL 264,842.89- ACCOUNT # 117204601 LA QUINTA BOND INTEREST FUND LA QUINTA RDA TABS 89' PER RESOLUTION SECTION 15A FOR PAYMENT OF 9-1-93 BOND INTEREST ON 1989 SERIES 08/31/93 TRANSFER TO PRINCIPAL 164,999.87- ACCOUNT # 117204602 LA QUINTA BOND PYMT FUND LA QUINTA RDA TABS 89' PER RESOLUTION SECTION 15B FOR PAYMENT OF 9-1-93 MATURING BOND PRINCIPAL ON SERIES 1989 08/31/93 TRANSFER TO PRINCIPAL 459,998.99- ACCOUNT # 117283401 LA QUINTA RDA 90 BD PAYMENT FD LA QUINTA RDA TABS 89' PER RESOLUTION SECTION 15B FOR PAYMENT OF MATURING BOND PRINCIPAL DUE 9-1-93 ON SERIES 1990 08/31/93 TRANSFER TO PRINCIPAL 697,858.25- ACCOUNT # 117283400 LA QUINTA RDA 90 BD INTEREST F LA QUINTA RDA TABS 89' PER RESOLUTION SECTION 15A FOR PAYMENT OF BOND INTEREST DUE 9-1-93 ON SERIES 1990 TOTAL MISCELLANEOUS DISBURSEMENTS 2,037,677.31-* 0.00 COST OF PURCHASES PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/30/93 2,037,468 PURCHASED 08/30/93 2,037,468.00- 2,037,468.00 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL COST OF PURCHASES 2,037,468.00-* 2,037,468.00 TOTAL DISBURSEMENTS 4,075,145.31-* 2,037,468.00 CURRENT BALANCE TOTAL .59 0.59 0.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117204600 LA QUINTA RDA TABS 89' PAR VALUE INVESTMENT NUMBER OF SHARES ASSET DESCRIPTION VALUE TOTAL ASSETS EXCLUDING CASH .00 TOTAL CASH •59 TOTAL ASSETS •59 PAGE 4 ffl- Bank of America BANK OF AMERICA NT&SA LA QUINTA RDA TABS 89' LA QUINTA BOND INTEREST FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. TOM GENOVESE 78-105 CAILE ESTADO LA QUINTA, CALIFORNIA 92253 92253 ACCOUNT NUMBER - 117204601 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 1.17204601 LA QUINTA BOND INTEREST FUND CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 0.31 63.00 RECEIPTS DIVIDENDS 0.14 MISCELLANEOUS RECEIPTS 283,414.19 TOTAL RECEIPTS 283,414.33 * 0.00 * DISBURSEMENTS COST OF PURCHASES 283,414.00- 283,414.00 TOTAL DISBURSEMENTS 283,414.00-* 283,414.00 * TOTAL PRINCIPAL BALANCE 0.64 * 283,477.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117204601 LA QUINTA BOND INTEREST FUND 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL 63.31 0.31 63.00 PRINCIPAL CASH RECEIPTS DIVIDENDS PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/03/93 CASH DIVIDEND .14 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES PAID 07/31/93 TOTAL DIVIDENDS 0.14 * 0.00 MISCELLANEOUS RECEIPTS 08/31/93 TRANSFER FROM PRINCIPAL 18,571.30 ACCOUNT # 117204603 LA QUINTA DEBT SERVICE RESERVE LA QUINTA BOND INTEREST FUND PER RESOLUTION SECTION 15C AMOUNTS IN EXCESS OF RESERVE REQUIREMENT 08/31/93 TRANSFER FROM PRINCIPAL 264,842.89 ACCOUNT # 117204600 LA QUINTA RDA TABS 89' LA QUINTA BOND INTEREST FUND PER RESOLUTION SECTION 15A FOR PAYMENT OF 9-1-93 BOND INTEREST ON 1989 SERIES TOTAL MISCELLANEOUS RECEIPTS 283,414.19 * 0.00 TOTAL RECEIPTS 283,414.33 * 0.00 DISBURSEMENTS COST OF PURCHASES PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/31/93 283,414 PURCHASED 08/31/93 283,414.00- 283,414.00 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL COST OF PURCHASES 283,414.00-* 283,414.00 * TOTAL DISBURSEMENTS 283,414.00-* 283,414.00 * CURRENT BALANCE TOTAL 283,477.64 0.64 283,477.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117204601 LA QUINTA BOND INTEREST FUND PAR VALUE NUMBER OF SHARES ASSET DESCRIPTION OUTSIDE MANAGED STIFS 283,477 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL OUTSIDE MANAGED STIFS TOTAL OUTSIDE MANAGED STIFS TOTAL ASSETS EXCLUDING CASH TOTAL CASH TOTAL ASSETS PAGE 3 INVESTMENT VALUE 283,477.00 283,477.00 * 283,477.00 * 283,477.00 .64 283,477.64 U, � Bank of America BANK OF AMERICA NT&SA LA QUINTA RDA TABS 89' LA QUINTA BOND PYMT FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. TOM GENOVESE 78-105 CAILE ESTADO LA QUINTA, CALIFORNIA 92253 92253 ACCOUNT NUMBER - 117204602 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117204602' LA QUINTA BOND PYMT FUND CASH INVESTMENT PRINCIPAL BALANCE LAST STATEMENT RECEIPTS MISCELLANEOUS RECEIPTS TOTAL RECEIPTS DISBURSEMENTS COST OF PURCHASES TOTAL DISBURSEMENTS TOTAL PRINCIPAL BALANCE 164,999.87 VALUE 0.13 0.00 164,999.87 * 0.00 * 165,000.00- 165,000.00 165,000.00-* 165,000.00 * 0.00 * 165,000.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117204602 LA QUINTA BOND PYMT FUND 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL .13 0.13 0.00 PRINCIPAL CASH RECEIPTS MISCELLANEOUS RECEIPTS 08/31/93 TRANSFER FROM PRINCIPAL 164,999.87 ACCOUNT # 117204600 LA QUINTA RDA TABS 89' LA QUINTA BOND PYMT FUND PER RESOLUTION SECTION 15B FOR PAYMENT OF 9-1-93 MATURING BOND PRINCIPAL ON SERIES 1989 TOTAL MISCELLANEOUS RECEIPTS 164,999.87 * 0.00 * TOTAL RECEIPTS 164,999.87 * 0.00 * DISBURSEMENTS COST OF PURCHASES PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/31/93 165,000 PURCHASED 08/31/93 165,000.00- 165,000.00 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL COST OF PURCHASES 165,000.00-* 165,000.00 * TOTAL DISBURSEMENTS 165,000.00-* 165,000.00 * CURRENT BALANCE TOTAL 165,000.00 0.00 165,000.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117204602 LA QUINTA BOND PYMT FUND PAR VALUE INVESTMENT NUMBER OF SHARES ASSET DESCRIPTION VALUE OUTSIDE MANAGED STIFS 165,000 PACIFIC HORIZON TREASURY FUND 165,000.00 PACIFIC HORIZON SHARES TOTAL OUTSIDE MANAGED STIFS 165,000.00 * TOTAL OUTSIDE MANAGED STIFS 165,000.00 * TOTAL ASSETS EXCLUDING CASH 165,000.00 TOTAL CASH .00 TOTAL ASSETS 165,000.00 PAGE 3 M", Bank of America BANK OF AMERICA NT&SA LA QUINTA RDA TABS 89' LA QUINTA DEBT SERVICE RESERVE CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. TOM GENOVESE 78-105 CAILE ESTADO LA QUINTA, CALIFORNIA 92253 92253 ACCOUNT NUMBER - 117204603 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117204603 LA QUINTA DEBT SERVICE RESERVE CASH PRINCIPAL BALANCE LAST STATEMENT RECEIPTS DIVIDENDS PROCEEDS FROM SALES TOTAL RECEIPTS DISBURSEMENTS MISCELLANEOUS DISBURSEMENTS COST OF PURCHASES TOTAL DISBURSEMENTS TOTAL PRINCIPAL BALANCE 1,677.44 18,571.00 18,571.30- 1,677.00- 0.30 20,248.44 * 20,248.30-* 0.44 * INVESTMENT VALUE 754,171.00 18,571.00- 18,571.00-* 1,677.00 1,677.00 * 737,277.00 * STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT PAGE 117204603 LA QUINTA DEBT SERVICE RESERVE 2 PAR VALUE CASH INVESTMENT /SHARES AMOUNT VALUE BALANCE LAST STATEMENT TOTAL 754,171.30 0.30 754,171.00 PRINCIPAL CASH RECEIPTS DIVIDENDS PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/03/93 CASH DIVIDEND 1,677.44 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES PAID 07/31/93 TOTAL DIVIDENDS 1,677.44 * 0.00 PROCEEDS FROM SALES PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/31/93 18,571- SOLD 08/31/93 18,571.00 18,571.00- PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL PROCEEDS FROM SALES 18,571.00 * 18,571.00-* TOTAL RECEIPTS 20,248.44 * 18,571.00-* DISBURSEMENTS MISCELLANEOUS DISBURSEMENTS 08/31/93 TRANSFER TO PRINCIPAL 18,571.30- ACCOUNT # 117204601 LA QUINTA BOND INTEREST FUND LA QUINTA DEBT SERVICE RESERVE PER RESOLUTION SECTION 15C AMOUNTS IN EXCESS OF RESERVE REQUIREMENT TOTAL MISCELLANEOUS DISBURSEMENTS 18,571.30-* 0.00 COST OF PURCHASES PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES 08/03/93 1,677 PURCHASED 08/03/93 1,677.00- 1,677.00 PACIFIC HORIZON TREASURY FUND PACIFIC HORIZON SHARES TOTAL COST OF PURCHASES 1,677.00-* 1,677.00 TOTAL DISBURSEMENTS 20,248.30-* 1,677.00 CURRENT BALANCE TOTAL 737,277.44 0.44 737,277.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117204603 LA QUINTA DEBT SERVICE RESERVE PAR VALUE INVESTMENT NUMBER OF SHARES ASSET DESCRIPTION VALUE OUTSIDE MANAGED STIFS 737,277 PACIFIC HORIZON TREASURY FUND 737,277.00 PACIFIC HORIZON SHARES TOTAL OUTSIDE MANAGED STIFS 737,277.00 * TOTAL OUTSIDE MANAGED STIFS 737.277.00 * TOTAL ASSETS EXCLUDING CASH 737,277.00 TOTAL CASH .44 TOTAL ASSETS 737,277.44 PAGE 3 V. � Bank of America BANK OF AMERICA NT&SA LA QUINTA RDA TABS 89' LA QUINTA HOLDING FUND CATEGORIZED ACCOUNTING STATEMENT COVERING THE PERIOD 08-01-93 THROUGH 08-31-93 CITY OF LA QUINTA ATTN: MR. TOM GENOVESE 78-105 CAILE ESTADO LA QUINTA. CALIFORNIA 92253 92253 ACCOUNT NUMBER - 117204604 ADMINISTRATOR - M. ESPINOZA (213)345-3990(00) SUMMARY OF TRANSACTIONS ----------------------------------------------------------------------------------------------------------------- 08/01/93 THROUGH 08/31/93 ACCOUNT 117204604 LA QUINTA HOLDING FUND CASH INVESTMENT VALUE PRINCIPAL BALANCE LAST STATEMENT 0.00 0.00 TOTAL TOTAL PRINCIPAL BALANCE 0.00 * 0.00 * 0.00 * 0.00 * CORPTR STATEMENT OF TRANSACTIONS 08/01/93 THROUGH 08/31/93 ACCOUNT 117204604 LA QUINTA HOLDING FUND PAR VALUE /SHARES BALANCE LAST STATEMENT TOTAL .00 PRINCIPAL CASH PAGE 2 CASH INVESTMENT AMOUNT VALUE 0.00 0.00 TOTAL 0.00 * 0.00 TOTAL 0.00 * 0.00 CURRENT BALANCE TOTAL .00 0.00 0.00 STATEMENT OF ASSETS AS OF 08/31/93 ACCOUNT 117204604 LA QUINTA HOLDING FUND PAR VALUE INVESTMENT NUMBER OF SHARES ASSET DESCRIPTION VALUE TOTAL ASSETS EXCLUDING CASH •00 TOTAL CASH .00 TOTAL ASSETS .00 PAGE 3 rQD$TD - ._�. ---- --..-------------._ --- ---. vl cc • , r Ou w � V 4 or INVESTMENT ADVISORY BOARD MEETING DATE: October 13, 1993 ITEM TITLE: TRANSMITTAL OF TREASURER'S REPORT DATED JULY 3-1,, 1993 FROM THE CITY COUNCIL MEETING OF SEPTEMBER 21, 1993. ISSUE AND DISCUSSION: AGENDA CATEGORY: CONSENT CALENDAR: BUSINESS SESSION: STUDY SESSION: The attached Treasurer's Report of July 31, 1993 was received and filed by the La Quinta City Council at the September 21, 1993 City Council Meeting. Additional attachments in the form of correlating statements are included with the copy presented here. RECOMMENDATION: Review, receive, and file. Approved for submission to the Investment Advisory Board: Thomas J. O'Reilly - Finance Director � a sce4t 4a 4 QaiKra OF9ti COUNCIL MEETING DATE: ITEM TITLE: DEPARTMENT STAFF REPORT FINANCE DIRECTOR SEPTEMBER 211 1993 AGENDA CATEGORY: - TRANSMITTAL OF TREASURER'S REPORT PUBLIC HEARING: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: Transmital of July 31, 1993 Treasurer's Report. 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 Moneys and Funds. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet next month's estimated expenditures. c Thomas J. o6l(eillyl Da City Treasurer RECOMMENDATION: Receive and File Submitted by: No, ma I ffov- � cmle, S ignp!! ture Approved for submission to City Council .cam t . - -IL ROBERT L. HUNT 4A CITY MANAGER CITY OF LA QUINTA TREASURER'S REPORT JULY 31, 1993 ASSETS UNDER THE INVESTMENT DIRECTION OF THE CITY TREASURER. TYPE OF INVESTMENT PETTY CASH & REGISTER DRAWER CHECKING ACCOUNT MONEY MARKET ACCOUNT LOCAL AGENCY INVESTMENT FUND EMPLOYEES - DEFFERED COMPENSATION MATURITY INTEREST INSTITUTUION ------------ DATE -------- RATE -------- AMOUNT ------ RANK ---- N/A N/A N/A $ 700 1 BANK OF AMERICA N/A N/A 218,639 1 BANK OF AMERICA DEMAND 2.36 25,709 1 STATE OF CALIF. DEMAND 4.438 8,106,528 N/A ICMA DEMAND 1.9 AVG INT ------------ 250,726 2 TOTAL $ 8,602,302 DISTRIBUTION OF CASH AND INVESTMENTS GENERAL FUND GAS TAX FUND COMMUNITY SERVICES PROJECTS QUIMBY FUND INFRASTRUCTURE FUND EQUIPMENT REPLACEMENT FUND VILLAGE PARKING FUND ASSESSMENT DIST FUNDS TRUST AND AGENCY FUNDS TOTAL $366,531 (26,094) 1,204,106 651,718 3,138,354 82,057 26,561 1,546,738 1,612,331 $8,602,302 LA QUINTA REDEVELOPMENT AGENCY TREASURER'S REPORT JULY 31, 1993 ASSETS UNDER THE INVESTMENT DIRECTION OF THE AGENCY TREASURER. TYPE OF MATURITY INTEREST INVESTMENT ---------- INSTITUTUION ------------ DATE -------- RATE -------- CHECKING ACCOUNT BANK OF AMERICA N/A N/A MONEY MARKET ACCOUNT BANK OF AMERICA DEMAND 2.33 LOCAL AGENCY INVESTMENT FUND STATE OF CALIF. DEMAND 4.438 RESTRICTED CASH - BANK OF AMERICA TRUSTEE: 89,90,91 SERIES BONDS PACIFIC HORIZONS RESTRICTED 1.84 RESTICTED CASH - 1st INTERSTATE BANK TRUSTEE: 92 SERIES BOND PAC AMERICAN FUND RESTRICTED 1.94 CONSTRUCTION - 1st INTERSTATE BANK TRUSTEE: 92 SERIES BOND PAC AMERICAN FUND RESTRICTED 1.94 92 SERIES BOND INTEREST PAC AMERICAN FUND RESTRICTED 1.94 DISTRIBUTION OF CASH AND INVESTMENTS ------------------------------------ PROJECT AREA #1: CAPITAL IMPROVEMENT FUNDS DEBT SERVICE FUNDS LOW/MOD FUNDS PROJECT AREA #2: CAPITAL IMPROVEMENT FUNDS DEBT SERVICE FUNDS LOW/MOD FUNDS TOTAL $5,340,178 64,057 4,075,602 ------------ $3,896,139 2,241,688 918,459 ------------ AMOUNT RANK ------ ---- $ 5,522 1 54,670 1 9,507,385 N/A 1,498,030 2 1,771,997 2 3,698,443 2 76 2 ------------ $16,536,123 $9,479,837 7,056,286 ------------ $16,536,123 LA QUINTA FINANCING AUTHORITY TREASURER'S REPORT JULY 31, 1993 ASSETS UNDER THE INVESTMENT DIRECTION OF THE FINANCING AUTHORITY TREASURER. TYPE OF MATURITY INVESTMENT INSTITUTUION DATE ---------- ------------ -------- CIVIC CENTER BOND PROCEEDS: CASH - CONSTRUCTION BANK OF AMERICA DEMAND CASH - RESERVE BANK OF AMERICA DEMAND CASH - REDEMPTION BANK OF AMERICA DEMAND INTEREST RATE AMOUNT RANK -------- ------ ---- 1.84 $1,282 2 1.84 738,855 2 1.84 318,014 2 ------------ TOTAL $1,058,15l CITY OF LA QUINTA BANK OF AMERICA CHECKING ACCOUNT # 9160-15464 BANK RECONCILEMENT JULY , 1993 BALANCE PER BANK STATEMENT LESS OUTSTANDING CHECKS: LESS OUTSTANDING TRANSFERS OUT (FED WITH) PLUS OUTSTANDING DEPOSITS: ADJUSTED BANK BALANCE GENERAL LEDGER ACCOUNT BALANCE ADJUSTMENTS: RDA PREWRITES: JE NOT COMPLETED SEE 8/93 JE #\\ JE REVERSE STOP PAYMENT 7.93 MM INT CORRECTION 7.93 MM INTEREST CORRECTION 7.93 JE TO BALANCE REC. ADJUSTED G/L BALANCE 847,618.90 (655,705.72) (41576.75) 29,474.09 ---------------- 216,810.52 ---------------- ---------------- 218, 639.09 (11022.82) (675.00) (0.05) (130.05) (0.65) 216,810.52 $ Bank of America Statement P. 0. BOX 30746 LOS ANGELES, CA 90030-0746 24 HR CUSTOMER SERVICE 619-340-1867 DATE OF THIS STATEMENT 07/30/93 PAGE 1 OF 5 E330 CITY OF LA QUINTA 0916 P 0 BOX 1504 LA QUINTA CA 92253-1504 b.. ..�AM 5 t ,tk4N r;y YOU MAY NOT NEED TO STAND IN LINE!i"` • • i. •••er.� r� r Ana/ P T LIST CC I CrM f11l� ATM Co0NI c1111E ZC�. C.urIES T O 8�.,��.ES., CCHECKI..... ASK HOW A FREE BUSINESS BANKING VERSATELLER ATM DEPOSIT CARD::, ?...w.a+. _Jai4ir,✓":'r'w,,,,w. z . »s'¢ ,:Si�w 8 z',s ".,,�`.,.s.. .,.s' ».N �%,?p"' CHECKZNG 09160-1546 N 5 ANALYZED`, a TAX ID 95-3740431 CUSTOMER ZZNW 1982 ik'r ✓ i'i t �� 'ffi $' �; SUMMARY STATEMENT POI �,° J,,QkY O1 THROU&.-., 'Y 30, 1993 PREVIOUS STWlM,,.l,E,,NT':,-,-RALANCE ON ;....... a ............161,374.46 TOTAL OF 26kti 'OSITS: FOR.......,: w .»�y,p ., / 4470457.16 �r Ilz � 1� Ay�p R •;4 .' .� �:,. "• � }I • • • • • • • • • • . TOTAL OF 2-OTHER CREDITS FOR. , h.: • ,� .....''.„ b,� 5�. .......... 2, 250, 000.00 a ram..,.,, A /r [q/?A TOTAL OF 32wECKS ,FOR.....: N�a:, ........ .. • .... • ..5,272,517.74 TOTAL OF 5 iM-DEB-ITS FOR... �� ... ..361,294.98 b ..... ..... . STATEMENT BALANCE ON` 07-30-93 . • +,•.w„+►..•`• • • • • • • �`• •wF:�», • • • • • • • • • • • .847,618.90 CHECKS/ CHECKS" OTHER Mq DEBITS CtECK:. DATE GUECK DATE NUMBER POSTED a�ouNT NUMBER POSTED AMOUNT 8•78 ' 07=Q6 Q39.52„74 A 07-07 724.26 8701*07-6 ArU�° 37 07-01 1P615.17 8714* Ofi 06 24.44 3 07-07 772.65 8?16M 07-06 8711 0?-06 776.20 8717 07-12 1,572.59 8745 07-06 682.46 8718 07-12 313.66 8746 07-07 1,054.97 8719 07-02 860.15 8747 07-07 1P073.15° 8720 07-02 991.32 8748 07-06 1,125.15 8721 07-06 670.53 8749 07-06 1,253.92 8722 07-08 1,118.14 8750 07-06 1,294.00 8723 07-02 303.90 8751 07-02 10305.70 8724 07-06 683.47 8752 07-07 1,310.85 8725 07-02 799.26 8753 07-02 1,194.59 8726 07-06 1,913.76 8754 07-02 990.42 8727 07-02 522.00 8755 07-02 1,232.33 8728 07-06 1,394.32 8756 07-06 721.71 8729 07-06 581.25 8757 07-06 1,816.09 8730 07-02 1P047.51 8758 07-06 1,426.39 8731 07-06 1,655.32 8759 07-07 549.79 8732 07-02 220.42 8760 07-30 1,266.07 8733 07-06 865.18 8761 07-06 915.71 8734 07-06 1,435.54 8762 07-06 866.52 8735 07-19 1,034.52 8763 07-06 1,041.49 8736 07-02 910.32 8764 07-06 956.10 8737 07-08 941.74 8765 07-06 817.10`' 8738 07 -06 961.43 8766 07-06 809.34 8739 07-07 755.48 8767 07-02 136.69 8740 07-06 1,087.39 8769 07-06 ,,641.54 Bank of America NTBSA • Member FDIC m-- I Bank of America Statement P. 0. BOX 30746 LOS ANGELES, CA 90030-0746 24 HR CUSTOMER SERVICE 619-340-1867 DATE OF THIS STATEMENT 07/30/93 PAGE 2 OF 5 CHECKING CHECKS/ OTHER DEBITS CITY OF LA QUINTA 09160-15464 BUSINESS ANALYZED CHECKING (CONTINUED) CHECKS CHECK DATE NUMBER POSTED AMOUNT 8769 07-02 760.42 8771* 07-1.9 924.42 8772 07-21 17771.66 87'97 8798 3799 8800 8801 8802 8803 8804 8805 8806 8807 8808 8809 8810 8811 8812 8813 8814 8815 8816 8817 8818 8819 8920 8821 8822 8823 07-2L 07-16 07-20 07-16 07-20 07-21 07-19 07-19 07-19 07-16 07-21 07-16 07-15 07-16 07-19 07-26 07-20 07-20 07-30 07-19 07-16 07-19 07-19 07-19 07-19 1,615...5 772.63 781.20 687.44 17103.73 17078.15 17130.15 17258.90 17299.00 17310.70 17315.84 17240.58 990.42 17232.30 726.69 17355.31 17426.37 571.01 1,271.05 921.30 904.96 17058.32 981.54 822.10 814.32 CHECK DATE NUMBER POSTED 8824 07-26 8825 07-19 8826 07-16 8827 07-16 8828 07-20 834* 07-30 37* 07-30 8 07-30 1* 07-30 * 07-30 A, 07-30 * 07-30 * 07-30 * 07-30 * 07-30 ;i 07-30 * 07-30 6i* 07-30 -* 07-30 6q 07-30 ltl 07-30 75* 07-30 82* 07-30 * 07-30 * 07-30 n5* 07-30 9.. 07-30 Q* 07-30 0 07-30 8904* "07-30 8907* 07-30 8909* 07-30 8910 07-30 8911 07-30 8914* 07-30 8921* 07-30 15388* 07-06 15498* 07-02 15540* 07-12 15547* 07-02 15594* 07-13 15643* 07-07 15652* 07-28 15678* 07-07 15697* 07-08 15699* 07-08 15700 07-15 15701 07-15 15702 07-12 15703 07-12 15704 07-13 15705 07-12 15706 07-14 15707 07-16 AMOUNT 182.39 646.54 765.40 2 277.85 104.09 865.19 792.95 481.01 538.63 553.23 877.69 578.22 391.76 532.54 434.89 565.73 898.68 957.20 841.39 539.67 916.63 736.07 760.85 731.78 533.10 462.50 389.44 368.32 475.01 654.90- 793.87 622.37 450.75 770.64 565.56 551.76 750.00 750.00 3,659.80 65,505.00 29.00 146.50 125.00 35.00 30.00 690.00 599.73 - 266.50 189.00 371.21 88.94 264.64 971.90 373.00 Bank of America NTBSA • Member FDIC M-., Bank of America Statement P. 0. BOX 30746 LOS ANGELES, CA 90030-0746 24 HR CUSTOMER SERVICE 619-340-1867 DATE OF THIS STATEMENT 07/30/93 PAGE 3 OF 5 CHECKING CITY OF LA QUINTA 09160-15464 BUSINESS ANALYZED CHECKING (CONTINUED) CHECKS/ CHECKS OTHER DEBITS CHECK DATE NUMBER POSTED AMOUNT 15708 07-09 95.96 15709 07-20 64.65 15710 07-13 100.21 15�1.35 3 157 3b %° . 15737 15738 07-09 15739 07-13 15740 07-14 15741 07-13 15742 07-08 15743 07-12 15745* 07-14 15746 07-09 15747 07-19 15748 07-13 15749 07-12 15750 07-23 15751 07-13 15752 07-13 15753 07-09 15754 07-14 15755 07-13 15757* 07-12 15758 07-13 15759 07-12 15760 07-14 15762* 07-15 15764* 07-09 15765 07-09 15766 07-13 1,C48.93 1,205.00 1,375.94 211.79 543,774.59 19,520.00 165.68 10893.00 540.00 262.28 7,660.13 758.88 407.81 302.44 220.18 1,590.73 6,000.00 1,383.51 794,502.35 118.00 453.24 121.79 3,500.84 36.13 895.80 CHECK DATE NUMBER POSTED AMOUNT 15767 07-20 15768 07-13 15769 07-12 15770 07-13 15771 07-13 772 07-27 73 07-15 4 07-14 5 07-13 07-13 07-20 07-12 07-09 07-09 07-13 07-13 07-09 07-19 07-12 $* 07-12 9 07-12 „9'0 07-14 El ?"91 07-13 1792 07-14 07-09 07 -15 07-13 7 07-12 fi9'7 07-13 15798 07-26 15799 07-14 15800 07-13 15801 07-12 15802 07-16 15803 07-12 15804 07-12 15805 07-09 15810* 07-12 15811 07-06 15812 07-19 15813 07-07 15814 07-15 15815 07-02 15816 07-07 15817 07-09 15818 07-12 15819 07-19 15820 07-20 15821 07-07 15822 07-07 15823 07-07 15824 07-08 15825 07-09 15826 07-07 5,413.08 17.89 1,461.60 35.00 2,000.00 371.99 5,808.00 323.01 119.60 7,398.00 1,240.80 4,335.00 25,902.21 1,437.75 194.69 91.13 5.26 252.47 21.54 333.55 130,056.48 106.58 960.00 4,269.93 3,886.75 790.23 15,336.00 43.10 20.00 64.89 806.66 43.10 145.55 46.85 48.49 293.73 1,506.44 50.00 687.91 100.00 50.00 50.00 54.92 3,341.87 150.00 200.00 50.00 100.00 2,950.00 50.00 2,062.50 1,450.00 25.00 150.00 Bank of America NUSA • Member FDIC En. Bank of America Statement P. 0. BOX 30746 LOS ANGELES, CA 90030-0746 24 HR CUSTOMER SERVICE 619-340-1867 DATE OF THIS STATEMENT, 07/30/93 PAGE 4 OF 5 CHECKING CITY OF LA QUINTA 09160-15464 BUSINESS ANALYZED CHECKING (CONTINUED) CHECKS/ CHECKS OTHER DEBITS CHECK DATE NUMBER POSTED 15828* 07-12 15829 07-13 15830 07-14 1 i sS 158 OTHER DEBITS DATE TRANSACTION POSTED DESCRIPTION AMOUNT 685.91 100.00 50.00 .29 CHECK DATE NUMBER POSTED AMOUNT 15865* 07-30 297.14 15872* 07-30 108.29 15883* 07-29 2,766.30 15885* 07-30 5,634.73 15889* 07-29 10050.00 891* 07 -29 I,474.80 95* 07 -30 1,650.00 9* 07-29 I,568.81 1* 07-30 433.92 * 07-29 2,983.94 * 07-30 87.08 * 07-30 28.48 * 07-30 47,761.59 * 07-30 10,900.80 8 * 07-30 28.00 07-29 60.00 * 07-27 35.00 i* 07-30 1,220.90 07-23 291P613.32 $* 07-30 365.50 r r ?60* 07-30 85.00 �8:1 07-27 270.00 963* 07-26 175.00 r965* 07-27 462.23 9.66 07-30 500.00 07-28 3r3 * 07-02 t 2,882.. 000.00 -- AMOUNT 07-08 TAX PYMT CALL-818-6668000 070893 941 95-3740431.............15,577.59 07-14 TELEPHONE/TELEGRAPHIC TRANSFERS.............................720000.00 07-20 TAX PYMT CALL-818-6668000 072093 941 95-3740431... ..... .....13,717.39 07-20 TELEPHONE/TELEGRAPHIC TRANSFERS............................180,000.00 07-22 TELEPHONE/TELEGRAPHIC TRANSFERS ................... 9... ...... 80,000.00 DEPOSITS/ DEPOSITS OTHER CREDITS DATE DATE POSTED AMOUNT POSTED AMOUNT 07-01 6,753.60 07-12 29.00 07-01 45,000.00 07-13 2,057.97 07-02 2,179.78 07-14 20,212.44 07-02 70400.00 07-15 14,833.17 07-02 2,881,964.52 07-16 3,245.58 07-06 174,671.25 07-16 65,000.00 07-07 521.28 07-19 194,716.02 07-08 248.67 07-20 13,229.49 07-09 7,234.37 07-21 756.20 Bank of America NTBSA • Member FDIC Bank of America Statement P. 0. BOX 30746 LOS ANGELES, CA 90030-0746 24 HR CUSTOMER SERVICE 619-340-1867 DATE OF THIS STATEMENT 07/30/93 PAGE 5 OF 5 CITY OF LA QUINTA CHECKING 09160-15464 BUSINESS ANALYZED CHECKING (CONTINUED) DEPOSITS/ DEPOSITS OTHER CREDITS OTHER CRED� DATE TI POSTED DI 07-07 Cl 07-26 Cl DATE POSTED AMOUNT yl r;d DATE POSTED°` `AMOUNT 07-27 3I402.61 07-28 87374.26 07-29 40,476.78 07-30 41,207.06 AMOUNT ..........I,600,000.00 ............650 400.00 Bank of America NT&SA • Member FDIC • 1 Ln ►- j r ,I r ( r r r r r r r r r r ►+ r r ►+ tr to to u1 tr to OD -J -4 O W UI to to tr V' 07 to CJt p ,p W W W zr; W W N N N N r r O O tr O J O COO O1 O Co tb (b O J J J J J J J to 01 01 Q1 tD tD ! i t 01 I A CD CD C) Ll CJ O J W r O A W 01 r tD O tr 01 01 01 01 tll l71 A N O J 01 O1 to A OD t0 �t W t-+ W O W I to CO •T N w W N O r Cn O W to O � r O W W N r O 01 N 01 J J t0 W r 01 •P O N1 W 'A N 1p v - I tD j W W �Jt C) 7 O A O W Ln 01 W r O O1 A J N tl i 'tiro •fro i ° 'a i 'i �i 'i •��' 1�0y 'i i 'i i .�� 'i �' i i i 'i �•�° tro«ve� •V to r r = y . J J J J J J J J 01 01 01 01 01 O 01 01 01 01 T rJ1 W N r 0 0 0 o tD o1 A r o o O o 0 0 o O 0 Jt ; n 0 rn a o+ to IN \ \ \ \ \ N. \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ l0 t0 t0 t0 lD tD• tD lD t0 t0 tD tD lD tD to W t0 tD 10 to tc .D to tD r A N 01 W 10 O 01 W N tD 01 lD ao N O N :l A 01 Q1 01 lD 01 O r A A J to 01 J A N 0 O N N W N N r O A to W N O W A O 01 tr tr F-r A w N A J w D A O Aew yy 0 a 02 xd 00 CD O 9 0 8 IF G ~ 2 H$ Z y-3 � 80,11O O o d x x " K ro y 4 n x 7"i w H rA x y tv rn O C t4 o �m Ea O z n w C x O n 14 t+K�J ' m O z O y �t<! ��tt vi ui CxA z n o ah K r.A I-, I.., .. I... 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EMPLOYEE AMOUNT 6/19/92 7193 88 SAWA, STANLEY B. 1369.68 6/19/92 TOTAL 1369.68 * 7/02/93 8713 78 GENOVESE, THOMAS 3132.27 7/02/93 TOTAL 3132.27 * 7/30/93 8829 141 TUCKER, SHERRY L. 709.56 8831 110 BANKS, KERRY P. 566.40 8832 78 GENOVESE, THOMAS 1390.77 8833 138 HUNT, ROBERT L. 1375.38 8835 140 CHER, LINDA L. 474.44 8836 115 DOMINGUEZ, ANNA A. 400.11 8839 94 CHRISTIANSEN, SEARCH K 594.31 8840 118 CROFT, GENIENE D. 594.31 8842 135 O'REILLY,THOMAS J. 1133.02 8845 107 GASTON, GINGER L. 300.63 8847 124 BOHLEN, CLINTON M. 923.28 8849 6 HARTUNG, THOMAS A. 950.95 8850 8 HIRDLER, ROGER T. 892.41 8851 47 SHEPHERD,ELEANOR L 572.48 8852 125 TROPPLE, KELLY S. 511.23 8853 66 GATES, WILLIAM L. 601.74 8854 122 PELLETIER, BRUCE A. 538.63 8856 81 WHELCHEL, DONALD L. 583.69 8857 20 VREEKEN, JOHN R. 575.16 8858 58 HERMAN, JEROLD D. 1065.65 8861 92 HAROLD, MARK S. 600.48 8862 45 KIRKEMM, RICHARD L. 629.26 8864 132 MOURIQUAND-CHERRY,L J 784.19 8865 27 NESBIT, WALLACE H. 818.80 8867 120 TROUSDELL,GREG S 788.27 8871 105 GUZMAN, HECTOR 594.31 8872 65 REYNOLDS, FRANK R. 349.95 8873 90 SPEER, STEVEN D. 1197.40 8874 137 STULL, PAMELA JO 349.92 8876 1 CABRERA, ADOLFO 626.06 8877 30 GARCIA, MICHAEL 617.64 8878 10 KOCHELL, STEVE M. 1035.62 8879 15 PORTER, JOHN W. 587.64 8880 87 ANGULO, JULIO C. 441.56 Seel 71 CONTRERAS, GEORGE 510.82 8883 96 MIRANDA, ROBERT M. 399.30 8884 75 PONCE, MARIO 445.05 8886 110 BANKS, KERRY P. 488.60 8887 78 GENOVESE, THOMAS 1028.31 8888 115 DOMINGUEZ, ANNA A. 355.98 8890 118 CROFT, GENIENE D. 571.83 8892 135 O'REILLY,THOMAS J. 896.49 8895 8 HIRDLER, ROGER T. 659.54 8896 125 TROPPLE, KELLY S. 428.47 8897 65 GATES, WILLIAM L. 462.06 8898 122 PELLETIER, BRUCE A. 458.36 8899 81 WHELCHEL, DONALD L. 535.26 8902 92 BARDLD, MARK S. 480.87 1 CHECKS 1 CHECKS PAGE 1 10.36.51 -PR23 OUTSTANDING CHECKS 9/02iz,3 CHECK DATE CHECK NO. EMPLOYEE AMOUNT 8903 45 KIRKLAND, RICHARD L. 495.89 8905 132 MOURIQUAND-CHERRY,L J 595.96 8906 27 NESBIT, WALLACE H. 613.70 8908 120 TROUSDELL,GREG S 588.31 8912 105 GUZMAN, HECTOR 524.46 8913 137 STULL, PAMELA JO 325.09 8915 1 CABRERA, ADOLFO 422.16 8916 30 GARCIA, MICHAEL 468.74 8917 10 KOCHELLI STEW M. 512.80 8918 15 PORTER, JOHN W. 458.50 8919 87 ANGULO, JULIO C. 380.54 8920 71 CONTRERAS, GEORGE 428.08 8922 96 MIRANDA, ROBERT M. 355.24 8923 75 PONCE, MARIO 403.43 7/30/93 TOTAL 38469.09 8/1 93 8925 110 BANKS, KERRY P. 886.86 8926 78 GENOVESE, THOMAS 1692.57 8927 138 HUNT, ROBERT L. 2099.17 8928 113 LICALSI, PAMELA J. 1572.59 29 129 BOYD, BARBARA D. 355.27 89 0 140 CEHR, LINDA L. 852.25 6931 115 DOMINGUEZ, ANNA A. 643.15 8932 67 JUHOLA, SAUNDRA L. 1061.85 8933 69 CEBALLOS, MISAELA 271.71 8934 94 CHRISTIANSEN, SHARON K 683.47 8935 18 CROFT, GENIENE D. 755.27 8936 DERENARD,DEBORAH 935.16 8937 135 'REILLY,THOMAS J. 1844.80 8938 128 P , PATSY L. 479.15 8939 84 RI , JOHN J. 1394.32 8940 107 GAS GINGER L. 572.93 8941 89 SMITH, ILYN 1047.51 8942 124 BOHLEN, NTON M. 1655.32 8943 102 SPIDELL, C TAL C. 746.24 8944 6 HARTUNG, THO A. 865.18 8945 8 HIRDLER, ROGER 1384.81 8946 47 SHEPHERD,ELEANOR 1034.52 8947 125 TROPPLE, KELLY S. 877.36 8948 66 GATES, WILLIAM L. 952.34 8949 122 PELLETIER, BRUCE A. 926.17 8950 123 STEINER, EDWARD J. 755.48 8951 81 WHELCHEL, DONALD L. 1046.22 8952 20 VREEKEN, JOHN R. 24.26 8953 58 HERMAN, JEROLD D. 16 .17 8954 63 SAWYER, BETTY J. 744. 2 8955 119 DAY, LONNIE R. 645.9 8956 92 HAROLD, MARK S. 1042.36 8957 45 KIRKLAND, RICHARD L. 1035.00 8958 109 BAKER, FREDERIC M. 1074.77 8959 132 MOURIQUAND-CHERRY,L J 1208.08 8960 27 NESBIT, WALLACE H. 1246.79 8961 88 SAWA, STANLEY B. 1244.63 8962 120 TROUSDELL,GREG S 1265.60 PAGE 2 10.36.51 62 CHECKS L\Z \ �\,O� CITY OF LA QUINTA BANK OF AMERICA MONEY MARKET ACCOUNT #09168-16233 BANK RECONCILEMENT JULY , 1993 BALANCE PER BANK STATEMENT $ 25,831.60 LESS OUTSTANDING CHECKS: $ 0.00 DEPOSITS IN TRANSIT $ 0.00 ADJUSTMENTS: 2/26 SERVICE CHG. IN ERROR $ 7.50 ---------------- AJUSTED BANK BALANCE 25,839.10 GENERAL LEDGER ACCOUNT #1000-000-200 $ 25,709.05 ADJUSTMENTS: 7/93 INTEREST EARNED (8/93 JE #13) 130.05 ---------------- ADJUSTED LEDGER BALANCE 25,839.10 Bank of America Statement 11 HOMEY 'MARKET 09168-1 SUMMARY CHECKS/ OTHER DEBITS DEPOSITS/ OTHER CREDITS STATEMENI PREVIOUS TOTAL OF TOTAL OF TOTAL OF STATEM SS MONEY COUNT TAX ID 95--3740431 ULAL 01 LY 30, 1!�lW�I� B � ..............I23,701.5.5 ... •..__.,.,,,,..1�1 . . . . ........ l3.32,000.QO- EDIT FOR'�l........M a .............. :130.05 J BITS FOR....... ........ ...... 430,000. Iff N 07-30-9 �� �, i�lli ...... ...............25,831.60 ANNUAL P IELD EARN ATEMEN .............. 04..`02.36X INTEREST STATEMENT ........ INTEREST P EAR.... ......... ..................130.05 ................2163.09 OTHER DEBITS ..... __._..._ ....... DATE TRANSACTION POSTED DESCRIPTION AMOUNT 07-01 TELEPHONE/TELEGRAPHIC TRANSFERS .......................... N45,000.00: 07-02 TELEPHONE/TELEGRAPHIC •TRANSFERS...................-..........70000.00. 07-16 i Ell. EP1L!ONE/TFLE.GRAPHIC TRANSFERS ........................ .:�.65; 000 < Do 07-26 TELEPHONE/TELEGRAPHIC TRANSFERS.........................�j,250,000:00 DEPOSITS. DATE 'POSTE AMOUNT 47-14 72400.00 07-20 '*�N1.80,000.00 DATE POSTED .AMOUNT 07-22 80400.00 OTHER CREDITS DATE TRANSACTION POSTED DESCRIPTION AMOUNT 07-30_ INTEREST PAID FROM 07/01/93 THROUGH 07/30/93........ .�130.05 ti Bank of America NTBSA • Member FDIC Bank of America Statement i P . 0. , BOX 30746 LOS ANGELES, CA 90030-0746 ._.' 24 HR CUSTOMER SERVICE 619-340-1867 PATE OF.THIS STATEMENT 07/30/93 , PAGE.2 OF.2. z CITY OF LA:QUINTA ;... MONEY MARKET 09168-16233 BUSINESS MONEY MARKET ACCOUNT (CONTINUED) DAILY DATE AMOUNT DATE AMOUNT . DATE ,AMOUNT_ 07-01 78,701.55 07-16 ......... 15,701.55 07-26 = 25701.55 07-02 07-14, 8,701.55 80,701.55 07-20 07-22 195..701.55 275,701.55 07-30 25 831 60 ' DAILY INTEREST DATE AMOUNT RATE DATE AMOUNT RATE CALCULATION BALANCE 07-01 07-02. 5 12M25P -20 "` 195,701.55 2 .350 07-14 .55 2- 275,701.55 701:55-107-16.55 2..350 _ ■■■■Ills �,. �■■�` � 1� _ Bank of America NUSA • Member FDIC ACCOUNT 1000-000-200 CITY MONEY MARKET 7/01/93 TO 7/31/93 -BALANCE FORWARD OPTION- - - - T R A N S A C T I O N S - - - - - - BALANCES AND TOTALS TO DATE - - - - - SRC INVOICE# REF# ENCUMBERED DEB/CRED UNLIQUIDATED TOTAL UNENCUMBERED DATE DESCRIPTION ENCUMBRANCES TRANSACTIONS BUDGET BALANCE 7/01/93 BALANCE FORWARD -GENERATED 123709.05 123709.05 123709.05- 7/01/93 TRNS MM TO CKING 2 1 45000.00- 78709.05 76709.05- 7/02/93 TRNS MM TO CKING 2 1 70000.00- 8709.05 8709.05- 7/14/93 TRNS CKING TO MM 2 1 - 72000.00 80709.05 80709.05- 7/17/93 REV S/B MM TO CKING 2 3 65000.00- 7/17/93 TRNS CKING TO MM 2 3 65000.00 7/17/93 TRNS MM TO CKING 2 3 65000.00- 15709.05 15709.05- 7/20/93 TRNS CKING TO MM 2 3 ".180000.00 195709.05 195709.05- 7/22/93 TRNS CKING TO MM 2 1 - 80000.00 275709.05 275709.05- 7/26/93 TRNS MM TO CKING 2 1 "-250000.00- 25709.05 25709.05- STATE OF CALIFORNIA KATHLEEN BROWN, Treasurer OFFICE OF THE TREASURER SACRAMENTO ~' s LOCAL AGENCY INVESTMENT FUND P.O. BOX 942809 Date: 07/31/93 SACRAMENTO, CA 94209-0001 - Page: 01 JULY, 1993 STATEMENT ACCOUNT NUMBER: 98-33-434 CITY OF LA QUINTA ATTN: FINANCE DIRECTOR P.O. BOX 1504 LA QUINTA CA 92253 EFFECTIVE TRANSACTION TRAN DATE DATE TYPE BEGINNING BALANCE - REG 07/02/93 07/01/93 RD 07/07/93 07/06/93 RW 07/15/93 07/14/93 DD 07/26/93 07/23/93 RW ENDING BALANCE - REG NO BOND PROCEEDS GRAND TOTAL REG B/P TOTAL TRAN COUNT 3 0 3 CONF AUTH TRANSACTION NO CALLER - AMOUNT --------------- BALANCE --------------- $7,393,283.63 566 TPG $2,882,000.00 $10,275,283.63 567 TJO -$1,600,000.00 $8,675,283.63 568 SYS $81,244.38 $8,756,528.01 569 TJO� --$650,000.00 $8,106,528.01 --------------- $8,106,528.01 --------------- $8,106,528.01 SUMMARY TOTAL DEPOSIT AMT TOTAL WITHDRAWAL AMT ------- -------------------- $2,963,244.38 $2,250,000.00 $0.00 $0.00 ------ -------------------- $2,963,244.38-$2,250,000.00 457 DEFERRED C % PENSATION .PLAN STATEMENT FOR 1'HE QUARTER ENDING 3/31/93 (CMA " RETIREMENT CORPORATION ACCOUNT NUMBER: 2425 TAX ID # : 953740431 Corporate Headquarters 1 777 North Capitol Street, NE. Suite Washington, DC 20002-4240 (202) 962-4600 Toll -Free 1-800-669 001 9714-70-0002143 CITY OF LA QUINTA P 0 BOX 1504 LA QUINTA, CA 92253 Summary of Activity for 1sus $) for 457 Deferred Compensation Plan Balance on 1/ 1 /93 2 357O7.28 , Contributions , day, too m> : in:..taxes:::ahis .his.-can..save more on Acct Maint Fee 3 0 6. 0 0- Fund Transfers arour�t due next Rri �y maxaizing your 457 Adjustments . Coutlon If 3 v .are -ei ati to :�ircrease . your deferral. Disbursements � �Cl�� _ Earnings 1 /31 0, 2, 0 6 2.4 7 ur em tc er:tor. at; 2/28 184.42 YQ � P � Y � Change Form. 3/31 2f497.36 Balance on 3111/93 250, 725. 53 CITY OF LA QUINTA Summary Detail for 4st Quarter (in $) ACCT.#2425. TAX ID#: 953740431 GROWTH. S.TQCK :: . 0MUJTY� .1NDEX-..: A&5L'�' :AE:E:IQCATJQN<> CORE BOi�D.'. FUN©: > M. ND.: : fNQ <:: FUND* Balance -:-on - - 1 1 193--: 28, 401. 79 41908.06 ........................... . 25, 935. 33 11,774. Contributions 2f287.50 498.00 11716.00 531. Acct Maint Fee- 72. 27- 13. 74- 36.06- 28. Fund:: Transfers 41795.30 354. Adjustments i Disbursements - Earnings .1131 ........... Ct Gp 3131 Balance on 3/31193 Balance: on. -111 t93 Contributions ACCt::Maint-:Fee Fuhd. � Transfers Adjustments D16bursernents EAtntrigs':1131' 2128 3131: 282.71 1,627.06- 961.67 35,029.64 48.65 48.37 95.83 5,585.17 367.52 49`t . 62 433.94 28,911.35 237. 13. 12,429. TREASURY— CASH MAniAGEMEJ<fT: ` PLUS ::` GUARANTEED. -FUND FEJND::;. _ IND.::<. FEND 4,270.76. 4,711.75 86,743.39 68,961. 263.90 521.00 41761.70 16.04- 21.52- 96.65- 21. 4,634.60- 194.10 882.55 21748.27 3,630. 110.53 48.74 527.55 439. 107.84 41.21 474.31 390. 3.05 9.00 545.32 434. Balance. =::3131-193::: I 987.99 1 51310.18 1 95,897.99 1 66,573. 4 4. LA QUINTA REDEVELOPMENT AGENCY BANK OF AMERICA CHECKING ACCOUNT #09168-15323 BANK RECONCILEMENT JULY , 1993 BALANCE PER BANK STATEMENT LESS OUTSTANDING CHECKS: DEPOSITS IN TRANSIT AJUSTED BANK BALANCE GENERAL LEDGER ACCOUNT #1000-000-000 FUND 60 $ 7,563,100.66 FUND 62 4,075,602.36 FUND 63 ,(1312181951.64) FUND 66 1,847,150.37 FUND 67 (1,179,839.26) FUND 68 918,459.47 --------------- ADJUSTMENTS: RDA P/R PREWRITES: JE NOT COMPLETED IN JULY SEE 8/93 JE # ADJUSTED LEDGER BALANCE $ 6,544.78 $ 0.00 $ 0.00 ---------------- 61544.78 ---------------- ---------------- $ 5,521.96 1,022.82 ---------------- 6,544.78 H1. .Bank of America Statement CWCKZNG 09168-15 SS ANALYZ W-921110=0 TAX ID 95-3740431 CUSTOMER SINCE 1983 SUMMARY STATEMENULY 01 T K� .° Y 30, 1111111 " R PREVIOUSWN BALANCE-, "93...... .............•.••.465.65 TOTAL OF ,VS ` ............••67,531 65 TOTAL OF ' EDT O f- , . .. . 3, 452, 000.00 TOTAL OF OR....... •••. ''" ... .3,492,452.52 TOTAL OF T HITFOR...:°"' .••,•. ....21,000.00 STATEMEN N 07-30-93 -" ...... ................6, 544.78 CHECKS/ CHECKS OTHER , DEBITS ', ATE - STED VNT= CK ER DATE POSTED AMOUNT _._.._ f79 64.52 47 07-29 113, 097.60 545 07-09 45,000.00 548 07-28 84,823.20 546 07-29 282,744.00 549 07-29 84,823.20 OTHER DEBITS DATE TRANSACTION POSTED DESCRIPT10IN 07-14 TELEPHONE/TELEGRAPHIC TRANSFERS Amnt'4T ................... ........ •.21 000.00 DEPOSITS/ DEPOSITS OTHER CREDITS DATE DATE POSTED AMOUNT POSTED AMOUNT 07-12 45#000.00 07-28 1465.16 07-13 21,466.49 OTHER CREDITS DATE TRANSACTION POSTED DESCRIPTION _AMOUNT 07-02 CREDIT ADJUSTMENT ............................. i ........... 2,882,000.00 07-26 CREDIT ADJUSTMENT..........................................570#000.00 Bank of America NUSA • Merrier FDIC OL53 A88ET LEDGER PAGE 1 9/02/93 --FUND 060-- 13.03.04 ACCOUNT 1000-000-000 CASH -CHECKING 7/01/93 TO 7/31/93 -BALANCE FORWARD OPTION- - - - T R A N S A C T I O N 8 - - - - - - BALANCES AND TOTALS TO DATE - - - - - SRC INVOICE# REF# ENCUMBERED DEB/CRED UNLIQUIDATED TOTAL UNENCUMBERED DATE DESCRIPTION ENCUMBRANCES TRANSACTIONS BUDGET BALANCE 7/01/93 BALANCE FORWARD -GENERATED 4110269.19 4110269.19 4110269.19- 7/01/93 PAYNE" AGAINST A/P 1 619.10- 7/01/93 TRNS LAIF TO CKING 2 1 2882000.00 v 7/01/93 DUE FROM RDA 7/1 2 11 619.10J/ 6992269.19 6992269.19- 7/08/93 LA QUINTA CHAMBER 2 CK545 1 22500.00- 6969769.19 6969769.19- 7/13/93 TRNS MM TO CKING 2 1 45000.00J 7014769.19 7014769.19- 7/14/93 TRNS CKING TO Md 2 1 21000.00-✓ 6993769.19 6993769.19- 7/23/93 CTNS LAIF TO CKING 2 1 570000.00 7563769.19 7563769.19- 7/27/93 PETTY CASH 5 15967 — 11.41- 7563757.78 7563757.78- 7/30/93 BANGBRTER, GLENDA L 5 16028 — lZ3.82- •Z 7/30/93 MC CARTNEY, MICH= 5 16029 - 123.82- 3 7/30/93 PENA, JOHN 5 16030 — 123.82- It 7/30/93 PERKINS, RONALD A. 5 16031 — 123.82- S 7/30/93 SNIFF, STANLEY 5 16032 123.82- 7563138.68 7563138.68- 7/31/93 INT 7/93 2 3 38.02- 7P63�00.66 7563100.66- 00* 11.41- 123.82- 123.82- 3 123.82- y 123.82- 3' 123.82- o- 52- +% 9. 52- 9. 52- 9. 52- 10 9-52- // 11.41- /4 66 - 66- 15 66.66- /y 66.66- /S 66.66- & 66.66- 17 -01 7 -1,022 - 82 GL53 ASSET LEDGER PAGE 1 9/02/93 --FUND 062-- 13.03.04 ACCOUNT 1000-000-000 CASH -CHECKING 7/01/93 TO 7/31/93 -BALANCE FORWARD OPTION- - - - T R A N S A C T I 0 N S - - - - - - BALANCES AND TOTALS TO DATE - - - - - SRC INVOICED REF# ENCUMBERED DEB/CRED UNLIQUIDATED TOTAL UNENCUMBERED DATE DESCRIPTION ENCUMBRANCES TRANSACTIONS BUDGET BALANCE 7/01/93 BALANCE FORWARD -GENERATED 4075613.24 4075613.24 4075613.24- 7/01/93 PAYMENT AGAINST A/P 1 47.60- / `� ' 7/01/93 DUE FROM RDA 7/1 2 11 47.60 ,f 4075613.24 4075613.24- 7/30/93 BANGERTER, GLENDA L 5 16028 7/30/93 MC CARTNEY, MICHAEL 5 16029 7/30/93 PENA, JOHN 5 16030 7/30/93 PERKINS, RONALD A. 5 16031 7/30/93 SNIFF, STANLEY 5 16032 7/31/93 INT 7/93 2 3 - 9.52- - 9.52- - 9.52- ' - 9.52- %0 - 9.52- j' 4075565.64 4075565.64- 36.72 J 4075602.36 4075602.36- GL53 ASSET LEDGER PAGE 1 9/Q2/93 --FUND 063-- 13.03.04 ACCOUNT 1000-000-000 CASE -CHECKING 7/01/93 TO 7/31/93 -BALANCE FORWARD OPTION- - - - T R A N S A C T I 0 N S - - - - - - BALANCES AND TOTALS TO DATE - - - - - SRC INVOICE# REF# ENCUMBERED DEB/CRED UNLIQUIDATED TOTAL UNENCUMERED DATE DESCRIPTION ENCUMBRANCES TRANSACTIONS BUDGET BALANCE 7/01/93 BALANCE FORWARD -GENERATED 13240481.21- % 13240481.21- 13240481.21 7/27/93 JULY RECEIPTS 6 1065.16 ✓� 13239416.05- 13239416.05 7/31/93 INT 7/93 2 3 12.92- 7/31/93 5/93 P/Y & C/Y 2 8 20477.33 ✓ 13218951.64- 13218951.64 1 1 GL53 ASSET LEDGER PAGE 1 9/02/93 --FUND 066-- 13.03.04 ACCOUNT 1000-000-000 CASH -CHECKING 7/01/93 TO 7/31/93 -BALANCE FORWARD OPTION- - - - T R A N 8 A C T I O N S - - - - - - BALANCES. AND TOTALS TO DATE - - - - - SRC INVOICE* REF# ENCUMBERED DEB/CRED UNLIQUIDATED TOTAL UNENCUMBERED DATE DESCRIPTION ENCUMBRANCES TRANSACTIONS BUDGET BALANCE 7/01/93 BALANCE FORWARD -GENERATED 1846144.57 1846144.57 1846144.57- 7/31/93 INT 7/93 2 3 16.64 1/// 7/31/93 5/93 P/Y 2 8 989.16 ✓ 1847,150.37 1847150.37- GL53 ASSET LEDGER PAGE 1 9/02/93 --FUND 067-- 13.03.04 ACCOUNT 1000-000-000 CASH -CHECKING 7/01/93 TO 7/31/93 -BALANCE FORWARD OPTION- - - - T R A N S A C T I 0 N S - - - - - - BALANCES AND TOTALS TO DATE - - - - - SRC INVOICE# REF# ENCIAfBERED DEB/CRED UNLIQUIDATED TOTAL UNENCUMBERED DATE DESCRIPTION ENCUMBRANCES TRANSACTIONS BUDGET BALANCE 7/01/93 BALANCE FORWARD -GENERATED 591495.92- 591495.92- 591495.92 / 7/01/93 PAYMENT AGAINST A/P 1 333.30- J 7/01/93 DUE FROM RDA 2 11 333.30 ✓ 591495.92- 591495.92 7/08/93 LA QUINTA CHAMBER 2 CK545 1 22500.00-✓ 613995.92- 613995.92 7/27/93 PETTY CASH 5 15967 11.41- 14 614007.33- 614007.33 / 7/28/93 FRANK 14WHY TRUST 2 CK546 1 282744.00- �// 7/28/93 FRANK MURPHY TRUST 2 CK547 1 113097.60- V/ 7/28/93 JEAN M. DALES 2 CK548 1 84823.20- v / ✓ 7/28/93 PATRICIA M. LANE 2 CK549 1 84823.20- 1179495.33- 1179495.33 7/30/93 BANGERTER, GLENDA L 5 16028 66.66- 13 7/30/93 MC CARTNEY, MICHAEL 5 16029 66.66- 7/30/93 PENA, JOHN 5 16030 66.66- 7/30/93 PERKINS, RONALD A. 5 16031 66.66- y 7/30/93 SNIFF, STANLEY 5 16032 66.66- 17 1179828.63- 1179828.63 7/31/93 INT 7/93 2 3 10.63- v1r 1179�839.26- 1179839.26 01,53 ASSET LEDGER PAGE 1 9/02/93 . --FUND 068-- 13.03.04 ACCOUNT 1000-000-000 CASH -CHECKING 7/01/93 TO 7/31/93 -BALANCE FORWARD OPTION- - - - T R A N S A C T I 0 N S - - - - - - BALANCES AND TOTALS TO DATE - - - - - SRC INVOICE• REF# ENCUMBERED DEB/CRED UNLIQUIDATED TOTAL UNENCUMBERED DATE DESCRIPTION ENCUMBRANCES TRANSACTIONS BUDGET BALANCE 7/O1/93 BALANCE FORWARD -GENERATED 918451.26 / 918451.26 918451.26- 7/31/93 INT 7/93 2 3 8.21 ✓ 918�459.47 918459.47- LA QUINTA REDEVELOPMENT AGENCY BANK OF AMERICA MONEY MARKET ACCOUNT #09161-15398 BANK RECONCILEMENT JULY , 1993 BALANCE PER BANK STATEMENT $ 54,667.34 LESS OUTSTANDING CHECKS: $ 0.00 DEPOSITS IN TRANSIT $ 0.00 ADJUSTMENT: RETURN FEE i% a re! OM &%p siot. 3.00 ---------------- AJUSTED BANK BALANCE 54,670.34 GENERAL LEDGER ACCOUNT #1000-000-100 $ 54,670.34 ADJUSTMENTS: ---------------- ADJUSTED LEDGER BALANCE 54,670.34 Iffl, Bank of America q � r�vr-\ P. 0 BOX 30746 LOS ANGELES, CA 90030-0746 24-HR CUSTOMER SERVICE 619-340-1867 DATE OF THIS STATEMENT 07/30/93 PAGE I OF 2 LA QUINTA REDEVELOPMENT AGENC E1 78 105 CALLE ESTADO 0916 LA QUINTA CA 92253 Statement GET A MINI-STATEMENT'WHENEVER YOU WANT. QUICK LOOK(R) SERVICE GIVES YOU ANSWERS ABOUT YOUR RECENT CHECKING OR MONEY MARKET ACCOUNT ACTIVITY, RIGHT AT THE VERSATELLER(R) ATM. WITH A QUICK LOOK 'aiINI-STA i EMEN T , YOU CAN ACCESS INFORMATION ON YOUR LA D R„�DEBIT PURCHASES, YOU b DEPO YOUR COUNT BALANCE. ' FOR. $1 P LOOK f4 ENT! DEYL�ITS% DEPO iTS OTHER CREDITS DATE DATE POSTED AMOUNT POSTED AMOUNT 07-14 21400.00 OTHER CREDITS DATE TRANSACTION POSTED DESCRIPTION AMOUNT 07-30 INTEREST PAID FROM 07/01/93 THROUGH 07/30/93...................117.23 DAILY DATE AMOUNT DATE AMOUNT DATE AMOUNT BALANCE 07-12 33,550.11 07-14 540550.11 07-30 54,667.34 i 1 Bank of America NT&SA • Member FDIC Bank of America Statement P. 0. BOX30746 LOS ANGELES, CA 90030-0746 24 HR CUSTOMER SERVICE 619-340-1867 DATE OF THIS STATEMENT 07/30/93 i PAGE 2 OF 2 LA QUINTA REDEVELOPMENT AGENC MONEY MARKET 09161-15398 BUSINESS MONEY MARKET ACCOUNT (CONTINUED) Bank of America NTBSA • Member FDIC GL53 ASSET LEDGER PAGE 1 9/14/93 10.15.45 ACCOUNT 1000-000-100 RDA MONEY MARKET 7/01/93 TO 7/31/93 -BALANCE FORWARD OPTION- - - - T R A N S A C T I 0 N S - - - - - - BALANCES AND TOTALS TO DATE - - - - - SRC INVOICE# REF# ENCUMBERED DEB/CRED UNLIQUIDATED TOTAL UNENCUMBERED DATE DESCRIPTION ENCUMBRANCES TRANSACTIONS BUDGET BALANCE 7/01/93 BALANCE FORWARD -GENERATED 78553.11 78553.11 78553.11- 7/13/93 TRNS MM TO CKING 2 1 45000.00- 33553.11 33553.11- 7/14/93 TRNS CKING TO MM 2 1 21000.00 54553.11 54553.11- 7/31/93 INT 7/93 2 3 117.23 54670.34 54670.34- STATE OF CALIFORNIA KATHLEEN BROWN, Treasurer OFFICE OF THE TREASURER SACRAMENTO ; s LOCAL AGENCY INVESTMENT FUND P.O. BOX 942809 Date: 07/31/93 SACRAMENTO, CA 94209-0001 Page: 01 JULY, 1993 STATEMENT ACCOUNT NUMBER: 65-33-017 LA QUINTA REDEVELOPMENT.AGENCY ATTN: FINANCE DIRECTOR P.O. BOX 1504 LA QUINTA CA 92253 EFFECTIVE TRANSACTION TRAN CONF AUTH TRANSACTION DATE --------- DATE TYPE NO CALLER AMOUNT BEGINNING ----------- ---- BALANCE - REG ------ ------ --------------- 07/02/93 07/01/93 RW 529 TJO -$2,882,000.00 07/15/93 07/14/93 DD 530 SYS $139,326.40 07/26/93 07/23/93 RW 531 TJO -$570,000.00 ENDING BALANCE - REG NO BOND PROCEEDS GRAND TOTAL TRAN COUNT REG 2 B/P 0 TOTAL 2 SUMMARY TOTAL DEPOSIT AMT ----------------- $139,326.40 $0.00 ----------------- $139,326.40 BALANCE --------------- $12,820,058.79 $9,938,058.79 $10,077,385.19 $9,507,385.19 --------------- $9,507,385.19 --------------- $9,5071385.19 TOTAL WITHDRAWAL AMT -------------------- -$3,452,000.00 $0.00 -------------------- -$3,452,000.00 Fiscal Year 93/94 file; RBABND92/3 La quinta Redevelopment Agency RDA 89 series ------------------------ bond bond debt total special interest payment service holding restricted fund fund fund reserve fund totals cash 117204600 117204601 117204602 111204603 07/01/93 BEGINNING BAL 209.08 63.18 wo,..13._._... 0.13 752,569.42 752,841.81 V" :�Ul INTEkEST��.�.�..-..-,_....___,_.� �.;4.�_.-�.,_..__ _0,00... _ ..�;60,'..$$_.. _ _ .. _ .. 11602.45 AUG INTEREST 0.46 0.14 0.00 11677.44 11678.04 rr T ,n DEPOSIT =21037,467.92 18,571.30 0.00 Oleo 21056,039.22 TRANS TO 111283401 -(459,998.99) 0.00 0.00 0.00 (459,998.99) TRANS TO 117204602 (164,999,87) Oleo 164,999.87 0.00 0.00 TRANS TO 117204601 (264,842.89) 264,842.89 0.00 (18,571.30) (18,571.30) TRANS TO 117283400 "(697,858.25) 0.00 0.00 0.00 (697,858.25) TRANS TO 111349300 (259,911.31) 0.00 0.00 Oleo (259,977,31) TRANS TO 117349301 (190,000.00) 0.00 0.00 0.00 (190,000,00) INTEREST PYNT 0.00 0.00 0.00 0.00 0..o0 PRINCIPAL PYNT 0.00 0.00 Oleo 0.00 Oleo SEPT INTEREST 0.00 0.00 0.00 0.00 0.00 OCT INTEREST 0.00 0.00 Oleo 0.00 Oleo NOV INTEREST Oleo 0.00 0.00 0.00 0.00 DEC INTEREST Oleo 0.00 0.00 0.00 0.00 JAN INTEREST 0.00 Oleo 0.00 0.00 0.00 FEB TAX INCREMENT 0.00 Oleo 0.00 0.00 0.00 FEB INTEREST 0.00' 0.00 Oleo Oleo 0.00 TRANS TO (117349300) 0.00 0.00 0.00 0.00 Oleo TRANS TO (117283400) Oleo 0.00 0.00 0.00 0.00 TRANS TO (117204601) 0.00 0.00 Oleo 0.00 Oleo INTEREST PYNT 0.00 0.00 0.00 0.00 0.00 MAR INTEREST Oleo 0.00 0.00 0.00 0.00 APR INTEREST 0.00 0.00 0.00 0.00 0.00 MAY INTEREST 0.00 0.00 Oleo 0.00 0.00 JUN INTEREST 0.00 0.00 ------------------------------------------------------------------------------------ Oleo 0.00 0.00 BALANCE 0.59 283,471.64 165,000.00 731,277.44 11185,755.67 11185,755.61 �.L - A I qo 1A is5.l : l `fig' r i ;,k,s i i Ctiil ).)1 )4 La Quinta Redevelopment Agency RDA 90 series 11ICo huAwtULP ------------------------ bond bond debt excess redemption P interest payment service investment fund fund fund reserve earnings totals 117283404 111283400 117283401 117283402 117283403 BEGINNING BA L 07/01/93 ._ . BEGINNING _-�_ _ -__.-_ 0.00 _-_ _._-----__ ---------------------- 153.92 ____...1, 0 f --------------- Q0 - 0,_00 --- - -- - JUL INTEREST 0.00 0.33 0.00 . .1....------_ 0.00 ._ 0.00 ._. �------1.55_.093 . 0,33 -.. _._... AUG INTEREST TRANS Oleo 0.34 0.00 0.00 0.00 0.34 `fie ce' }rt FROM (117204600) 697,858.25 459,998.99 0.00 0.00 11157,857.24 INTEREST PYNT Oleo Oleo 0.00 0.00 0.00 , 1 PRINCIPAL PYNT SEP INTEREST 0.00 Oleo 0.00 0.00 0.00 Oleo 0.00 �. 0.00 0.00 0.00 0.00 OCT INTEREST 0.00 Oleo 0.00 0.00 0.00 0.00 3 NOV INTEREST Oleo 0.00 Oleo 0.00 0.00 0.00 DEC INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 JAN INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 FEB INTEREST 0.00 0.00 0.00 0.00 Oleo TRANS FROM (117804600) 0.00 0.00 0.00 0.00 0.00 INTEREST PYNT Oleo 0.00 0.00 0.00 0,00 MAR INTEREST Oleo 0.00 0.00 0.00 0,00 APR INTEREST Oleo 0.00 0.00 0.00 0.00' 0.00 MAY INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 JUN INTEREST Oleo ----------------------------------------------------------------------------------- Oleo 0.00 0.00 0.00 0.00 BALANCE 0.00 698,012.84 460,000.00 1.00 0.00 11158,013.84 Fiscal Year 93/94 file; RDABNDCS La Quinta Redevelopient Agency RDA 91 series ------ - ----------------- BOND BOND INTEREST PAYMENT REDEMPTION RESERVE DEBT SERVICE FUND FUND FUND FUND FUND totals 117349300 117349301 117349302 117349303 117349304 07/01/93 BEGINNING BAL 59.92 0.00 0.00 744,966.85 ------------------------ 5.59 745,032.36 V' JUL INTEREST 0.13 0.00 0.00 11585.70 0.01 11585.84 TRANS FROM 117349303 12,072.55 0.00 0.00 (12,072.55) 0.00 0.00 �.� PC TRANS FROM 117349304 5.63 0.00 0.00 0.00 5.63 f ) 0.00 AUG INTEREST 0.13 0.00 0.00 11660.50 0.02 11660.65 , TRANS FROM 117204600 259,977.31 190,000.00 0.00 0.00 0.00 449,977.31 INTEREST PYMT 0.00 0.00 0.00 0.00 0.00 0.00 S; PRINCIPAL PYMT 0.00 0.00 0.00 0.00 0.00 0.00 SEP INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 OCT INTEREST 0.00 0.00 0.00 0.00 0.00 0100 NOV INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 DEC INTBRBST 0.00 0.00 0.00 0.00 0.00 0.00 JAN INTBRBST 0.00 0.00 0.00 0.00 0.00 0.00 FEB INTBRBST 0.00 0.00 0.00 0.00 0.00 0.00 TRANS FROM (117204600) 0.00 0.00 0.00 0.00 0.00 0.00 INTBRBST PYMT 0.00 0.00 0.00 0.00 0.00 0.00 MAR INTBRBST 0.00 0.00 0.00 0.00 0.00 0.00 APR INTBRBST 0.00 0.00 0.00 0.00, 0.00 0.00 MAY INTBRBST 0.00 0,00 0.00 0.00 0.00 0.00 JUN INTEREST 0.00 ------------------------------------------------------------------------------------ 0.00 0.00 0.00 0.00 0.00 BALANCE 272,115.67 190, 000.00 0.00 736,140.50 (0,01) 1,198, 256.16 1198256.16 La Quinta Redevelopment Agency RDA PA12 92 Series ESCROW SPECIAL SPECIAL INT PRINCIPLE RESERVE - FUND FUND FUND FUND FUND totals 8116202-000 8116202-001 8116202-002 8116202-003 8116202-004 8116202-005 01 01.__93 BEGINNING BAL 316 98,443.05 _,, _ 11317,535.44 0.00 76.31 --- ---------------------- 0.00 - -------------------- 394,461.33 -- ---------- -- 5,410,516,13 JUL INTEREST �,6....15.15 3,096,40 0,00 0,_11 0,-00 - 886.6612,5- AUG INTEREST 61699.52 31239.99 0.00 0.18 0.00 927.78 12,867,41 - CK TO CITY (121,233.46) 0.00 0.00 0.00 0.00 0.00 (121,233.46) - 0.00 0.00 Oleo Oleo Oleo 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Oleo 0.00 0.00 0.00 0.00 0.00 0.00 Oleo 0100 JAN INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 Oleo FEB INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 MAR INTEREST Oleo 0.00 ol00 0.00 Oleo 0.00 0.00 APR INTEREST- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NAY INTEREST 0.00 Oleo 0.00 0.00 0.00 0.00 0.00 BOND PYNT FROM CITY 0.00 Oleo Oleo 0.00 Oleo 0.00 JUN INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 Oleo trns to 8116202-003 0.00 0.00 0.00 0.00 0.00 0.00 debt sery int pymt 0.00 - -------------------------------------------------------------------------------------------- Oleo 0.00 0.00 0.00 Oleo BALANCE 3,594,524,26 --------- 11383,871.83 -- 0.00 76.66 0.00 396,275.11 51374,748.52 -- - - --- - -- -- -- - - -- --- - - _ - -J "I I Au ly",e�r� .1 �j s • L` 1,'�i/)(?6,77 �K 7� La Quinta Financing Authority Revenue Bonds Series 91 ------------------------ BOND RESERVE CONSTRUCTION REBATE FUND FUND FUND FUND totals 117355200 117355201 117355202 117355203 07/01/93 BEGINNING BAL .. 318,013.93 _...._683',944 738,855.48 �y 112_82.18 0.00 0.00 11058,151.59 JUL INTEREST 1,589,04 872.22 -._ 0.00 0.00 31145.20 -� AUG INTEREST 709.50 11648.42 4.49 0.00 0.00 21362.41 TRANS TO 147607 CKING 0.00 0.00 0.00 0100 0.00 0.00 SEP INTEREST 0.00 0.00 0.00 0100 0.00 0.00 INTEREST PYNT 0.00 0100 0.00 0.00 0.00 10.00 OCT INTEREST 0.00 0100 0.00 0,00 0100 0.00 NOV INTEREST 0.00 0.00 0.00 0.00 0.00 0.00 DEC INTEREST 0,00 0.00 0.00 0.00 0.00 0.00 TRANS 09160-15464 CKING 0100 0,00 0,00 0.00 0.00 0.00 JAN INTEREST 0.00 0.00 0.00 0.00 0.00 0,00 FEB INTEREST- 0.00 0.00 0.00 0.00 0.00 11AR INTEREST 0100 0.00 0.00 0.00 0,00 trans 0916-15464 CKING 0.00 0.00 0.00 0.00 0.00 APR INTEREST 0.00 0.00 0.00 0.00 0100 0.00 INTEREST PYNT 0.00 0.00 0.00 0.00 0.00 NAY INTEREST 0.00 0.00 0.00 0.00 0.00 JUN INTEREST 0100 0.00 0100 0.00 0.00 0.00 trans 0916-15464 cking 0.00 ------------------------------------------------------------------------- 0.00 0.00 0.00 BALANCE 319,407.37 742,092.94 21158.89 0.00 0.00 11063,659,20 11063,659.20 INVESTMENT ADVISORY BOARD MEETING DATE: October 13, 1993 ITEM TITLE: APPOINTMENT OF INVESTMENT ADVISORY BOARD MEMBER TO THE ARBITRAGE SERVICES SELECTION COMMITTEE. SUMMARY: AGENDA CATEGORY: CONSENT CALENDAR: BUSINESS SESSION: STUDY SESSION: The I.R.S. requires arbitrage reporting for municipal bond issues in order for those bond issues to maintain their tax-exempt status. Arbitrage is the interest earned on the Municipality's investment of bond proceeds that exceeds the interest paid to the bond holders. Excess arbitrage must be paid to the I.R.S. Selection of a firm to perform arbitrage reporting for the 10 outstanding bond issues must be done through an RFP (Request for Proposal) process managed by a selection committee. At the October 5th Council meeting, the City Council approved a selection committee comprised of 1 (one) City Council Member (Stanley Sniff) , the Finance Director (Tom O'Reilly), an Account Technician (Geniene Croft), and 1 (one) Investment Advisory Board Member. Staff will prepare an RFP for the selection committee to review before sending it out. When the RFP Is are returned, the selection committee will choose a firm based on price and capability. RECOMMENDATION: The Investment Advisory Board should nominate a member to serve on the selection committee for the acquisition of arbitrage compliance services. Approved for submission to the Investment Advisory Board: Thomas J. O'Reilly - Finance Director ��� . C� Al4+l Q. vc4j INVESTMENT ADVISORY BOARD MEETING DATE: October 13, 1993 AGENDA CATEGORY: ITEM TITLE: CONSENT CALENDAR: CONSIDERATION OF REQUEST TO HAVE THE BUSINESS SESSION: LA QUINTA CITY COUNCIL APPOINT AN STUDY SESSION: INVESTMENT ADVISORY BOARD LIAISON. ISSUE: At the September 81- 1993 Investment Advisory Board meetind n ified ofor Members requested that a method lasto specific functions process be soliciting input from the City Council b the Investment that the Council would like to see p Y Advisory Board. One possible alternative to achieve this input would be o Liaison a Council Liaison to the Investment Advisory Board. would provide the Board with the opportunity to gather performance of inpnctions from the Council concerning the created the Board. fu outlined in the Municipal Code that The attached memo, or an amendedversion, could be transmitted to the Council for their consideration. RECOMMENDATION: Direct staff to transmit the attached Investment Advisory Board memo (as amended) to the La Quinta City Council. Approved for submission to the Investment Advisory Boarc4 Thomas J. O'Reilly - Finance Director TO: FROM: DATE: RE: MEMORANDUM Honorable Mayor and Members of the City Council Investment Advisory Board October 13, 1993 Council Liaison to the Investment Advisory Board ****************************************************************** The newly established Investment Advisory Board has nth at 5:olding monthly meetings on the second Wednesday Hall. theThe Municipal Code in the Study Session room at y identifies the functions that the Board is to perform as being to: (i) review account statements to ensure accurate reporting; (ii) monitor compliance with policy and procedures; and (iii)review and make recommendations concerning investment a t e ly policies, performing those consultants. The Board has generally described functions as they see them, but 1 desel criptions e may be some specific functions within hose gene that Council may desire to be performed. As a process to relay information to the Council from ehe Board consuming, to the Board from the Council,without meetin ts,the the Board would like difficult to schedule special jointg to suggest the creation of a City Council Liaison to the Investment Advisory Board. The liaison to the Board could be a permanent or rotating Council Member that attends each Board meeting, every othermeeting, The Liaison to meeting per quarter, or randomly to the f nct ions being performed by the Board could offer input as the Board and could relay information from those Board meetings to the full Council. The Board feels that this would be a valuable process, at least until such a time that there are well established and agreeable specific procedures being performed by the Board. The Board awaits Council consideration and response to this suggestion. CQ i W 4 OF TRE��S INVESTMENT ADVISORY BOARD MEETING DATE: October 13, 1993 ITEM TITLE: Consideration of Consolidating the City and the RDA Bank Accounts. SUMMARY: AGENDA CATEGORY: CONSENT CALENDAR: BUSINESS SESSION: STUDY SESSION: Currently, there are 4 (four) accounts with Bank of America. The City has a checking and savings account and the RDA has a checking and a savings account. The City and the RDA each already use a pooled cash process for the various funds that fall under City or RDA control. This means that although each fund has its own cash balance (and set of general ledger accounts), one checking account is used and the checks specifically charge each fund per the account number coded on that check. This request is to consolidate the two separate existing pooled functions into one pooled function. This would mean that only one checking and one savings account would be required. Pooled City and RDA cash is a common industry practice (used in most of the valley cities) and is approved by the City's outside audit firm (reference the attached letter from Conrad & Associates). Staff is requesting this change to alleviate some unnecessary work load that is involved in maintaining two separate pooled functions. Two pooled LAIF accounts would still be maintained to keep the $30 million investment cap available ($15 million each), but the reconciliation process would be streamlined by reducing the 4 Bank of America accounts to 2 (one checking and one savings). The interest allocation process would also have its separate pro -ration steps consolidated and simplified. Some specific investments, though, could still remain distinct and separate as a specific RDA or City investments if desired. The warrant run process would also be simplified. Usually, only a small number of RDA checks (5 - 20) are produced by hand each month, but approximately 1/3 of the City checks that are printed have RDA charges which are paid by the City and set up in a "due - from the RDA" account. This account must be monthly reconciled and an RDA check cut by hand to repay the RDA expenditure made by the City. This already mingles the RDA and City funds to the same extent that pooled cash would. Pooling the cash account could eliminate the need to produce RDA checks by hand and the whole "due -to, due -from" monthly maintenance. Also, with the current system, large "due -from" RDA payments that must come from LAIF cause the funds to be removed from the LAIF investment to be transferred through to the City, and then re- entered into LAIF (LAIF will not due transfers from one account to another, only to and from the entity that opened the account). The integrity segregation of the RDA and City funds will not be compromised by pooling cash. This segregation is built into fund accounting concepts and is already in practice with the 30+ funds that are handled in the two existing pooled accounts. RECOMMENDATION: Recommend that the City and RDA bank accounts should be consolidated as pooled cash and that staff seek Council approval to proceed with the consolidation. Approved for submission to the Investment Advisory Board: Thomas J. O'Reilly - Finance Director �✓' (...' J 7142635520 CONRAD & ASSOC. 303 P02 MAY 26 193 15:04 Lei� ►7`�:7:fi� 4*ASSOCIATES A PAArNfR$m0 tt'1i:4U0ING PROFESSiOHAL CORPORATIOIN$ Tom O'Reilly Director of Finance City of La Quinta 79-105 Calle Estado La Quinta, California 92253 15+ear Tom: CERTIFIED PUBLIC ACCOUNTANTS May 26, 1993 1100 MAIN STREET, SUITE C IRVINE. CALIFORNIA 92714 (714) 474-202() You have indicated to me that the City is considering the use of a single cash and investment pool for both the City and the Redevelopment Agency. This is a fairly common practice and, in our opinion, does not violate generally accepted accounting principles, as long as the following is attended to: 1. ,Accounting records are kept which identify in a fund structure (such as is used by the City of La Quinta) each funds's ownership In the pooled. assets. 2. Interest earned on investments in the pool must be equitably allocated to the funds of each entity. 3. If bond proceeds are pooled in ' single LAW account, the special requirements imposed by LAIF will need to be followed.. Please give me a call should you have any further questions about this matter. KA/dc 2299H Very truly yours, CONRAD & ASSOCIATES Ken Al -Imam, C.P.A. Partner MEMBERS OF AICPA AND CAUFORN1A SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS MEMBER. OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS PRIVATE COMPANIES PRACTICE SEIrTtQN V I I O+hu"•r 4 OF iHt TO: The Honorable Mayor and Members of the city Council FROM: Pamela LiCalsil Administrative Analyst DATE: October 51 1993 RE: TIME CAPSULE CONTENT ISSUE: A time capsule was purchased to bury at the new Civic Center. The time capsule measures 21 x 31 and will be buried behind the monument sign at the corner of Washington and Calle Tampico as part of the Dedication Ceremony on November 13th. It is scheduled to be reopened in fifty years. BACKGROUND Staff has received a number of items for the time capsule. It appears that everything received will fit into the time capsule. The entities that have participated and their contributions are as follows: 0 Desert Hospital 1991 and 1992 Annual Report 0 La Quinta Hotel Property map Brochure History booklet Room key Margarita glass Maid's uniform Morgan's menu Chile Ristra turndown 0 Adams/Truman Elementary School computer story Mrs. Panawals third grade class photos, and picture 1992/93 School Annual Photo of school under construction in 1987 Copy of a photo of the Dedication Cake 0 Senior Center Photo of current center and officers of "Friends of the La Quinta Senior Center" 1 6: h • La Quinta Arts Foundation 1990 Festival T-shirt Membership brochure 1991 application for Artist Participation for Festival Program brochure from 1993 Scholarship Awards 1993 application for Artist participation in Fine Crafts, Wine & All That Jazz event 1993 Festival Program 1993. Arts Foundation Membership Festival Poster • Chamber of Commerce Letter from Executive Committee September 1993 Newsletter 1992-93 Directory Flyer for 1993 Golf Tournament • Palmer (Colony) CableVision Brochure Shirt Cable box and remote control • Soroptimists Roster Pin Newsletter • Tenth Anniversary Committee Minutes Pin T-shirt Birthday card Photos Video Stationary Business card Plaque • Historical Society "History of La Quinta" "The First Decade" "E1 Heraldo de La Quinta" (first newspaper) "Desert of the Palms" ,,Presenting La Quinta" La Quinta" (early brochure of the hotel) Audio cassette - "I Hear La Quinta Calling" Brochure of film festival for loth Anniversary Photos of third and fourth grade Adams/Truman Students, drawings of the Cahuilla Culture 2 Other Suggestions • Investment Advisory Board Real Estate multiple listings • Planning and Development General Plan Chamber of Commerce map First Elvis stamp Photos of trailer and new Civic Center Real Estate brochures PALM SPRINGS LIFE (demographics issue) PGA West Newsletter Construction plans for Civic Center Pictures of City staff 1993-94 Budget Tax Roll Photo of original City Limit sign (population 4,701) Report to Council regarding Flood Control Project (6-30-86) Specimen Copy of the Series 1985 Bond • Community Services Commission Plans for Fritz Burns, Community Park -North, and Palm Royale Park Parks and Recreation Master Plan Commission's 1993-94 Work Plan La Quinta Pageant information • Design Review Board Minutes of first meeting in Civic Center • La Quinta Rotary Club Banner Additionally, based on a suggestion by Mayor Pro Tem Sniff, The Desert Sun and Press Enterprise have been asked to do the time capsule. The issue of the newspaper that carries the story will be included in the time capsule. ANALYSIS/FISCAL IMPACT: The items must be treated and preserved before being buried in the time capsule. The cost for this process and the time capsule is approximately $4,500. The erme capsule was construction initially included as part of the Civic Center project. RECOMMENDATION: Approve the contents of the time capsule for burial at the Dedication Ceremony. 3