2004 03 16 FAOF
9sV
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday, March 16, 2004 - 3:00 P.M.
Beginning Resolution No. FA 2004-02
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
APPROVAL OF MINUTES OF FEBRUARY 17, 2004.
Financing Authority Agenda 1 March 16, 2004
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1. TRANSMITTAL OF THE TREASURER'S REPORT DATED JANUARY 31, 2004.
2. TRANSMITTAL OF THE REVENUE AND EXPENDITURES REPORT DATED JANUARY
31, 2004.
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 Tuesday,
April 20, 2004 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, March 16, 2004 was
posted on the outside entry to the Council Chamber, 78-495 Calle Tampico and on the
bulletin board at the La Quinta Chamber of Commerce and at Stater Bros. 78-630 Highway
111, on Friday, March 12, 2004.
DATED: March 12, 2004
ba),
JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 March 16, 2004
5
4
OFOw AGENDA CATEGORY:
March 18, 2003 BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: CONSENT CALENDAR:
Transmittal of Treasurer's Report
as of January 31, 2004
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
T4ht 4 4 Qu&&
COUNCIL/RDA MEETING DATE: March 16, 2004
Transmittal of Revenue and Expenditure
Report January 31, 2004
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: I:P'
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the January 31, 2004 Statement of Revenue and Expenditures for the
La Quinta Financing Authority.
Respectfully submitted,
John M. Falcon6r, Finance Director
Approved for Submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, January 31, 2004
ATTACHMENT 1
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated interest
Non Allocated Interest
TOTAL CIP REVENUE
REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
9,500.00
9,686.00
(186.00)
101.960%
0.00
5.90
(5.90)
0.000%
680,830.00
493,882.32
186,947.68
72.540%
0.00
0.00
0.000%
690,330.00
503,574.22
186,755.78
72.950%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
TOTAL FINANCING AUTHORITY 690,330.00 503,574.22 186,755.78 72.950%
LA QUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL
BONDINTEREST
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
TRANSFER OUT
07/01/2003-1131104 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
9,686.00
4,454.00
0.00
5,232.00
300,000.00
300,000.00
0.00
0.00
380,830.00
193,940.00
0.00
186,890.00
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE 690,516.00
498,394.00
0.00
192,122.00
(131792.42) 0.00 0.00 (131,792.42)
TOTAL CAPITAL IMPROVEMENT (131 792.42) 0.00 0.00 (131,792.42)
TOTAL FINANCING AUTHORITY 558,723.58 498,394,000.00 60,329.58
K3