2003 11 18 FAv �
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday November 18, 2003 - 3:00 P.M.
Beginning Resolution No. FA 2003-04
CALL TO ORDER
Roll Call:
Board Members: Henderson, Osborne, Perkins, Sniff, and Chairman Adolph
PUBLIC COMMENT
At this time members of the public may address the Financing Authority on items that
appear within the Consent Calendar or matters that are not listed on the agenda. Please
complete a "request to speak" form and limit your comments to three minutes. When you
are called to speak, please come forward and state your name for the record. Please
watch the timing device on the podium.
For all Business Session matters or Public Hearings on the agenda, a completed "request to
speak" form should be filed with the City Clerk prior to beginning consideration of that
item.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1. APPROVAL OF MINUTES OF OCTOBER 21, 2003
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Financing Authority Agenda
November 18, 2003
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1. TRANSMITTAL OF TREASURER'S REPORT AS OF SEPTEMBER 30, 2003.
2. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED SEPTEMBER
30, 2003.
BUSINESS SESSION - NONE
CHAIR AND BOARD MEMBERS' ITEMS - NONE
PUBLIC HEARINGS - NONE
ADJOURNMENT
Adjourn to a regularly scheduled meeting of the Financing Authority to be held on
December 16 at 3:00 p.m. in the City Council Chambers, 78-495 Calle Tampico,
La Quinta, CA 92253.
DECLARATION OF POSTING
I, June S. Greek, City Clerk of the City of La Quinta, do hereby declare that the foregoing
agenda for the La Quinta Financing Authority meeting of Tuesday, November 18, 2003,
was posted on the outside entry to the Council Chamber, 78-495 Calle Tampico and on
the bulletin board at the La Quinta Chamber of Commerce and at Stater Bros. 78-630
Highway 1 1 1, on Friday, November 14, 2003.
DATED: November 14, 2003
JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
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Financing Authority Agenda 2 November 18, 2003
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November 18, 2003 BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: CONSENT CALENDAR: /
ITEM TITLE: STUDY SESSION:
Transmittal of Treasurer's Report PUBLIC HEARING:
dated September 30, 2003
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: November 18, 2003
ITEM TITLE:
Transmittal of Revenue and Expenditure
Report dated September 30, 2003
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the September 30, 2003 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
hn M. Falconef, Finance Director
Approved for Submission by:
Mark A. Weiss, Acting Executive Director
Attachments 1: Revenue and Expenditures, September 30, 2003
El
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
9,500.00
0.00
9,500.00
0.00
0.07
(0.07)
680,830.00
0.00
680,830.00
0.00
0.00
690,330.00
0.07
690,329.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
690,330.00 0.07 690,329.93
LA QUINTA FINANCING AUTHORITY
07/01/2003 - 9130/03
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
9,686.00
0.00
0.00
9,686.00
BOND PRINCIPAL
300,000.00
0.00
0.00
300,000.00
BOND INTEREST
380,830.00
0.00
0.00
380,830.00
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE
690,516.00
0.00
0.00
690,516.00
CAPITAL IMPROVEMENT EXPENDITURES
TRANSFER OUT
(131 792.42)
0.00
0.00
(131,792.42)
TOTAL CAPITAL IMPROVEMENT
(131,792.42)
0.00
0.00
(131,792.42)
TOTAL FINANCING AUTHORITY 558,723.58 0.00 0.00558,723.
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