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FINANCING AUTHORITY
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CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday, January 18, 2005 - 3:00 P.M.
Beginning Resolution No. FA 2005-001
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 DECEMBER 21, 2004
Financing Authority Agenda 1 January 18, 2005
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 DATED NOVEMBER 30, 2004.
2. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED NOVEMBER 30,
2004 AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING
DECEMBER 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 February
15, 2005 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, January 18, 2005, was
posted on the outside entry to the Council Chamber at 78-495 Calle Tampico and on the
bulletin boards at 51-321 Avenida Bermudas and 78-630 Highway 1 1 1, on Friday, January
14, 2005.
DATED: January 14, 2005
JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 January 18, 2005
4 Sep tit,
COUNCIL/RDA MEETING DATE: January 18, 2005
ITEM TITLE: Transmittal of Treasurer's Report as of
November 30, 2004
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: January 18, 2005 AGENDA CATEGORY:
BUSINESS SESSION:
ITEM TITLE: Transmittal of Revenue and Expenditure
Report for November 30, 2004 and Investment CONSENT CALENDAR: v�-
Summary Report for the Quarter Ending December 31,
STUDY SESSION:
2004
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
Transmittal of the November 30, 2004 Statement of Revenue and Expenditures and
Investment Summary Report for the Quarter Ending December 31, 2004 for the La
Quinta Financing Authority.
Respectfully submitted,
M ulew��
. Falconer, inance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditure Report, November 30, 2004
2. Investment Summary for the Quarter Ending December
31, 2004
2
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
10,000.00
0.00
10,000.00
0.00
15.57
(15.57)
681,200.00
501,890.00
179,310.00
2,990,049.00
766,045.53
2,224,003.47
3,681,249.00
1,267,951.10
2,413,297.90
0.00 0.00 0.00
0.00 40.59 (40.59)
0.00 40.59 (40.59)
3,681,249.00 1,267,991.69 2,413,257.31
LA GUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL
BONDINTEREST
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
07/01/2004-11130104 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
9,686.00
1,951.00
0.00
7,735.00
315,000.00
315,000.00
0.00
0.00
3,356,269.00
952,935.53
0.00
2,403,333.47
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE 3,680,955.00
1,269,886.53
0.00
2,411,068.47
55,000.00 49,997.09 0.00 5,002.91
0.00 0.00 0.00 0.00
TOTAL CAPITAL IMPROVEMENT 55,000.00 49,997.09 0.00 5,002.91
TOTAL FINANCING AUTHORITY 3,735,955.00 1,319,883.62 0.00 2,416,071.38
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