2005 10 18 FAU
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La auinta, California 92253
Regular Meeting
Tuesday, October 18, 2005
2:00 p.m.
Beginning Resolution No. FA 2005-02
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.
1. APPROVAL OF MINUTES OF SEPTEMBER 20, 2005.
Financing Authority Agenda 1 October 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 REPORTS DATED AUGUST 31, 2005.
2. TRANSMITTAL OF REVENUE & EXPENDITURES REPORTS FOR THE PERIOD
ENDING AUGUST 31, 2005 AND INVESTMENT SUMMARY REPORT FOR THE
QUARTER ENDING SEPTEMBER 30, 2005.
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
November 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 October 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, October 14,
2005.
DATED: October 14, 2005
JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
002
Financing Authority Agenda 2 October 18, 2005
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: October 18, 2005
BUSINESS SESSION:
ITEM TITLE:
Transmittal of Treasurer' s Report CONSENT CALENDAR:
as of August 31, 2005
STUDY SESSION:
PUBLIC HEARING:
. RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and File the Treasurer' s Report dated August 31, 2005.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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COUNCIL/RDA MEETING DATE: October 18, 2005
ITEM TITLE: Transmittal of Revenue and
Expenditure Report dated August 31, 2005
and Investment Summary Report for the
Quarter Ending September 30, 2005
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
IL
CONSENT CALENDAR: .
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the August 31, 2005 Statement of Revenue and Expenditures for the La
Quinta Financing Authority and Investment Summary Report for the Quarter Ending
September 30, 2005.
Respeatfully submitted,
2i l
n M. Falconer, Finance Director
Approved for submission b
zle
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, August 31, 2005
2. Investment Summary Report for the Quarter Ending September 30, 2005
o
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
15,000.00 0.00 15,000.00
0.00 0.26 (0.26)
680,575.00 0.00 680,575.00
5,171,981.00 0.00 5,171,981.00
5,867,556.00 0.26 5,867,555.74
0.00 0.00 0.00
0.00 12.10 (12.10)
0.00 12.10 (12.10)
TOTAL FINANCING AUTHORITY 5,867,556.00 12.36 5,867,543.64
2
LA QUINTA FINANCING AUTHORITY
07/0112005 - 08131/05
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
15,000.00
4,925.00
0.00
10,075.00
BOND PRINCIPAL - 1996
330,000.00
0.00
0.00
330,000.00
BOND PRINCIPAL - 2004
735,000.00
0.00
0.00
735,000.00
BOND INTEREST - 1996
350,575.00
0.00
0.00
350,675.00
BOND INTEREST - 2004
4,436,981.00
0.00
0.00
4,436,981.00
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE
5,867,556.00
4,925.00
0.00
5,862,631.00
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
0.00
0.00
0.00
0.00
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL CAPITAL IMPROVEMENT
0.00
0.00
0.00
0.00
TOTAL FINANCING AUTHORITY 5,867,556.00 4,925.00 0.00 5,862,631.00
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