2005 11 15 FAH �1
U rY e4
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
November 15, 2005 — 3:00 p.m.
Beginning Resolution No. FA 2005-03
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 18, 2005.
Financing Authority Agenda 1 November 15, 2005 001
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1 . RECEIVE AND FILE TREASURER'S REPORT AS OF SEPTEMBER 30, 2005.
2. RECEIVE AND FILE REVENUE AND EXPENDITURES REPORT DATED SEPTEMBER
30, 2005.
BUSINESS SESSION - NONE
CHAIR AND BOARD MEMBERS' ITEMS -
PUBLIC HEARINGS - NONE
ADJOURNMENT
Adjourn to a regularly scheduled meeting of the Financing Authority to be held on
December 20, 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 November 15, 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 111, on Thursday, November
10, 2005.
DATED: November 10, 2005
—&- '-�
a
. GREEK, CMC, City Clerk
City of La Quinta, California
Financing Authority Agenda 2
November 15, 2005 0 0
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: November 15, 2005
BUSINESS SESSION:
ITEM TITLE: Transmittal of Treasurer's Report
dated September 30, 2005 CONSENT CALENDAR: J
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
003
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COUNCIL/RDA MEETING DATE: November 15, 2005
ITEM TITLE: Transmittal of Revenue and Expenditure
Report dated September 30, 2005
RECOMMENDATION:
Receive and File.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the September 30, 2005 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
Respectfully submitted,
YJohAn�MFalcbner, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures, September 30, 2005
004
ATTACHMENT 1
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
REMAINING
BUDGET RECEIVED BUDGET
15,000.00
0.00
15,000.00
0.00
(358.64)
358.64
680,575.00
0.00
680,575.00
5171981.00
2,959,003.00
2,212,978.00
5,867,556.00
2,958,644.36
2,908,911.64
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest 0.00 0.00 0.00
Non Allocated Interest 0.00 12.10 (12.10)
TOTAL CIP REVENUE 0.00 12.10 (12.10)
TOTAL FINANCING AUTHORITY 5,867,556.00 2,958,656.46 2,908,899.54
0 0Is
2
LA QUINTA FINANCING AUTHORITY
07/01/2005 - 09/30/05
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
15,000.00
4,925.00
0.00
10,075.00
SERVICES
BOND PRINCIPAL - 1996
330,000.00
0.00
0.00
330,000.00
BOND PRINCIPAL - 2004
735,000.00
735,000.00
0.00
0.00
BOND INTEREST -1996
350,575.00
0.00
0.00
350,575.00
BOND INTEREST - 2004
4,436,981.00
2,224,003.13
0.00
2,212,977.87
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE
5,867,556.00
2,963,928.13
0.00
2,903,627.87
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 2,963,928.13 0.00 2,903,627.87
0C,6
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