2006 12 19 FAs
Sw
OF
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, DECEMBER 19, 2006 — 3:00 P.M.
Beginning Resolution No. FA 2006-004
CALL TO ORDER
Roll Call:
Board Members: Henderson, Kirk, Osborne, Sniff, and Chairman Adolph
PUBLIC COMMENT
At this time members of the public may address the Financing Authority on any
matter not listed on the agenda. Please complete a "request to speak" form and
limit your comments to three minutes.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1. APPROVAL OF MINUTES OF DECEMBER 5, 2006
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Financing Authority Agenda
1 December 19, 2006
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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 DATED OCTOBER 31, 2006.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED OCTOBER
31, 2006.
BUSINESS SESSION — NONE
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
For all Public Hearings on the agenda, a completed "request to speak" form must
be filed with the City Clerk prior to consideration of that item.
ADJOURNMENT
Adjourn to a regularly scheduled meeting of the Financing Authority to be held on
January 16, 2007 at 3:00 p.m. in the City Council Chambers, 78-495 Calle
Tampico, La Quinta, CA 92253.
DECLARATION OF POSTING
I, Veronica Montecino, City Clerk of the City of La Quinta, do hereby declare that
the foregoing agenda for the La Quinta Financing Authority meeting of December
19, 2006 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 December 15, 2006.
DATED:,/ D ECEM BER 15, 2006
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VERONICA J. TECINO, CMC, City Clerk
City of La Quiftfa, California
Financing Authority Agenda 2 December 19, 2006
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: December 19, 2006
BUSINESS SESSION:
ITEM TITLE: Receive and File Treasurer's Report
dated October 31, 2006 CONSENT CALENDAR:
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
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AGENDA CATEGORY:
COUNCIURDA MEETING DATE: December 19, 2006
BUSINESS SESSION: _
ITEM TITLE: Receive and File Revenue and
Expenditure Report dated October 31, 2006 CONSENT CALENDAR: C o L
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
BACKGROUND AND OVERVIEW:
Transmittal of the October 31, 2005 Statement of Revenue and Expenditures for the
La Quinta Financing Authority.
Respectfully submittt%ed,
A�
ohn M. Falconer, Finance Director
Approved for submission by:
/Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures, October 31, 2005
LA OUINTA FINANCING AUTHORITY
REVENUE DETAIL
0710112006 - 1013112006 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
DEBT SERVICE REVENUE:
Contrapual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL, DEBT SERVICE
15,000.00
000
15,000.00
0.000%
0.00
251.88
(251.88)
0.000%
678,86500
516,24500
162,62000
76.050%
5 923157 2
3 732 732 61
2 i9D 424.19
83 020%
8,617,02T.00
4,249,229.69
2,387,79231
64.220%
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest 0.00 000 0.00 0.000%
Non Allocated Interest 000 (244.44) 244.44 D ODO%
TOTAL CIP REVENUE 0.00 (244.44) 244.44 0.000%
TOM FINANCING AUTHORITY 6.617.022.00 4.248.985.25 2,368,036.75 64 210%
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LA GUINTA FINANCINGAUTHORITY
0710112000-1013112M
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
15.12500
5,27392
000
9,85108
BOND PRINCIPAL - 1996
345,00000
345,00000
0DO
000
BOND PRINCIPAL - 2004
1,520,000.00
1,520,000,00
000
0.00
BOND INTEREST -1N6
333,865.00
171,245.00
0.00
162,62000
BONDINTEREST-2004
4,403,15600
2.212,97813
0.00
2,190.17787
TRANSFER OUT
000
000025
000
000
TOTAL DEBT SERVICE 8,817,148.00
4,254.497
000
2362,648.95
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS 000 000 00) 000
TRANSFER OUT 000 000 000 000
TOTAL CAPITAL IMPROVEMENT 000 000 000 000
TOTAL FINANCING AUTHORITY
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