2002 10 15 FAo0w
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Financing Authority
Agenda
CITY COUNCIL CHAMBER
78-495 Calle Tampico
La Quinta, California 92253
Tuesday, October 15, 2002 - 3:00 p.m.
Beginning Res. No. FA 2002-04
CALL TO ORDER
ROLL CALL:
Board Members: Adolph, Henderson, Perkins, Sniff, Chairman Pena
PUBLIC COMMENT
At this time, members of the public may address the Finance Authority on any matter not listed on the
agenda or scheduled for public hearing. Please complete a "request to speak" form and limit your
comments to three minutes.
For all Public Hearings on the agenda, a completed "request to speak" form must be filed with the City
Clerk prior to the Council beginning consideration of that item.
Please watch the timing device on the podium.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1. APPROVAL OF MINUTES OF SEPTEMBER 17, 2002
CONSENT CALENDAR
1. TRANSMITTAL OF TREASURER'S REPORT DATED AUGUST 31, 2002.
2. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED AUGUST 31, 2002
AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING SEPTEMBER 30,
2002.
BUSINESS SESSION - None
DEPARTMENT REPORTS - None
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
ADJOURNMENT - Adjourn to a Regular Meeting of the Financing Authority to be held on November
19, 2002, in the City Council Chambers, 78-495 Calle Tampico, CA 92253.
DECLARATION OF POSTING
I, June S. Greek, Authority Secretary of the City of La Quinta Financing Authority, do hereby declare
that the foregoing agenda for the La Quinta Financing Authority meeting of Tuesday, October 15,
2002, was posted on the outside entry to the Council Chambers, 78-495 Calle Tampico and on the
bulletin board at the La Quinta Chamber of Commerce and at Stater Bros. 78-630 Highway 111, on
Friday, October 11, 2002.
DATED: October 11, 2002
�jj ..Xx�•1r
1 JUNE S. G EK, CIVIC
Authority Secretary, City of La Quinta, California
PUBLIC NOTICES
The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed for the
hearing impaired, please call the City Clerk's Office at 777-7025, 24-hours in advance of the meeting
and accommodations will be made
City Council Agenda Page 2 September 17, 2002
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AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: October 15, 2002 /
CONSENT CALENDAR:
ITEM TITLE: STUDY SESSION:
Transmittal of Treasurer's Report PUBLIC HEARING:
as of August 31, 2002
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and File the Treasurer's Report dated August 31, 2002.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
T4ht 4 4 4"
COUNCIL/RDA MEETING DATE: October 15, 2002
Transmittal of Revenue and
Expenditure Reports dated
August 31, 2002 and Investment
Summary Report for the Quarter
Ending September 30, 2002
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the August 31, 2002 Statement of Revenue and Expenditures for the La
Quinta Financing Authority and Investment Summary Report for the Quarter Ending
September 30, 2002.
Respegtf lly submitted,
n M. Falconer; Finance Director
Approved for Submission by:
l
Thomas P. Genovese, City Manager
Attachments: 1. Revenue and Expenditures Report, August 31, 2002
2. Investment Summary Report for the Quarter Ending September 30, 2002
ATTACHMENT 1
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
Non Allocated Interest
TOTAL CIP REVENUE
TOTAL FINANCING AUTHORITY
REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
9,175.00 0.00
9,175.00
0.000%
0.00
0.00
0.000%
678,955.00 0.00
678,955.00
0.000%
0.00
0.00
0.000%
688,130.00 0.00
688,130.00
0.000%
0.00 0.00 0.000%
113.49 (113.49) 0.000%
0.00 113.49 (113.49) 0.000%
688,130.00 113.49 688,016.51 0.020%
UC3
LA OUINTA FINANCING AUTHORITY
0710112002 - OW3112002
REMAINING
%
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
EXPENDED
DEBT SERVICE EXPENDITURES
SERVICES
9,888.00
522.49
0.00
9.163.51
5.4%
BOND PRINCIPAL
285,000.00
0.00
0.00
285,000.00
0.0%
BOND INTEREST
394,435.00
0.00
0.00
394,435.00
0.0%
TRANSFER OUT
0.00
0.00
0.00
0.0%
TOTAL DEBT SERVICE 689,121.00
522.49
0.00
688,598.51
0.1%
CAPITAL IMPROVEMENT EXPENDITURES
TRANSFER OUT
(131,792.42)
0.00
0.00
(131,792.42)
0.0%
TOTAL CAPITAL IMPROVEMENT (131,792.42)
0.00
0.00
(131,792.42)
0.0%
TOTAL FINANCING AUTHORITY 557.328.58
522.49
0.00
556,806.09
0.09%
0 64
ATTACHMENT 2
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