2003 01 21 FAo� o
OF f
Financing Authority
Agenda
CITY COUNCIL CHAMBER
78-495 Calle Tampico
La Quinta, California 92253
Tuesday January 21, 2003 - 3:00 p.m.
Beginning Res. No. FA 2003-001
CALL TO ORDER
ROLL CALL:
Board Members: Henderson, Osborne, Perkins, Sniff, Chairperson Adolph
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 (3) 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
MINUTES OF THE MEETING OF DECEMBER 17, 2002
CONSENT CALENDAR
TRANSMITTAL OF TREASURER'S REPORT DATED NOVEMBER 30, 2002.
2. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED NOVEMBER 30,
2002, AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING DECEMBER i
31, 2002. l
BUSINESS SESSION
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 February 18,
2003 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, January 21,
2003, 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, January 17, 2002.
DATED: January 17, 2003
J N REEK, CMC, Authorit ecretary
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 CleWs Office at 777-7025, 24-hours in advance of the meeting
and accommodations will be made
002
La Quinta Finance Authority Page 2. January 21, 2003
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COUNCIL/RDA MEETING DATE: ,January 21, 2003
ITEM TITLE:
Transmittal of Treasurer's Report
as of November 30, 2002
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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COUNCIL/RDA MEETING DATE:
ITEM TITLE:
Transmittal of Revenue and
Expenditure Report November
30, 2002 and Investment
Summary Report for the Quarter
Ending December 31, 2002
RECOMMENDATION:
Receive and File
AGENDA CATEGORY:
BUSINESS SESSION:
January 21, 2002 CONSENT CALENDAR: LZ
STUDY SESSION:
BACKGROUND AND OVERVIEW:
PUBLIC HEARING:
Transmittal of the November 30, 2002 Statement of Revenue and Expenditures and
Investment Summary Report for the Quarter Ending December 31, 2002 for the La
Quinta Financing Authority.
Respec ully submitted:
ohn M. Falcorkr, Finance Director
Approved for Submission by:
Thomas P. Genovese, City Manager
Attachments 1 : Revenue and Expenditures Report, November 30, 2002
2. Investment Summary Report for the Quarter Ending December 31,
2002
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ATTACHMENT 1
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
REMAINING
BUDGET
RECEIVED
BUDGET
RECEIVED
DEBT SERVICE REVENUE:
Contractual Services Fees
9,175.00
0.00
9,175.00
0.000%
Non Allocated Interest
(141,28)
141,28
0.000%
Rental Income
678,955.00
485,492.56
193,462.44
71.510%
Transferin
0.00
0,00
0.000%
TOTAL DEBT SERVICE
688,130.00
485,351.28
202,778.72
70.530%
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
(1.56)
1.56
0.000
Non Allocated Interest
115.12
(115.12)
0.000
TOTAL CIP REVENUE
0.00
113.56
(113.56)
0.000%
TOTAL FINANCING AUTHORITY 688,130.00 485,464.84 202,665.16 70.550%
uG3
LA QUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL
BONDINTEREST
TRANSFER OUT
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
TRANSFER OUT
TOTAL CAPITAL IMPROVEMENT
07/01/2002 - 11/30/02 REMAINING %
BUDGET EXPENDITURES ENCUMBERED BUDGET EXPENDED
9,686.00
1,622.49
0.00
8,063.51
16.8%
285,000.00
285,000.00
0.00
0.00
100.0%
394,435.00
200,495.00
0.00
193,940.00
50.8%
0.00
0.00
0.00
0.0°%
689,121.00
487,117.49
0.00
202,003.51
70.7%
(131,792.42) 0.00 0.00 (131,792.42) 0.0%
(131,792.42) 0.00 0.00 (131,792.42) 0.0%
TOTAL FINANCING AUTHORITY 557,328.58 487,117.49 0.00 70,211.09 87.40%
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ATTACHMENT 2
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