2007 04 17 FAO� �i1'V/' •C� '� � IL,I,1'J'' sA
U ry
OF
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, APRIL 17, 2007 - 4:00 P.M.
Beginning Resolution No. FA 2007-001
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 MARCH 20, 2007.
Financing Authority Agenda 1 April 17, 2007
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 FEBRUARY 28, 2007.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED FEBRUARY
28, 2007, AND INVESTMENT SUMMARY REPORT FOR THE QUARTER
ENDING MARCH 31, 2007.
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
May 15, 2007, at 4:00 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 April 17,
2007, 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 April 13, 2007.
DATED: April 13, 2007
VERONICA J. MONTECINO, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 April 17, 2007
0
Y144
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COUNCIL/RDA MEETING DATE: April 17, 2007 AGENDA CATEGORY:
ITEM TITLE: Receive and File Treasurer's Report
as of February 28, 2007
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
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: April 17, 2007 AGENDA CATEGORY:
ITEM TITLE: Receive and File Revenue and
Expenditure Report for February 28, 2007 and
Investment Summary Report for the Quarter Ending
March 31, 2007
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
BUSINESS SESSION: ee^^
CONSENT CALENDAR: C0L
STUDY SESSION:
PUBLIC HEARING:
Receive and File the Statement of Revenue and Expenditures for February 28, 2007
and Investment Summary Report for the Quarter ending March 31, 2007 for the La
Quinta Financing Authority.
Respectfully submitted,
John M. Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachment 1. Revenue and Expenditures for February 28, 2007 and
Investment Summary Report dated March 31, 2007
.w-0, 5
2
LA OUINTA FINANCING AUTHORITY
REVENUE DETAIL
0710112006 - 212812007 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
A 1 1 AUNIVICIV 1 1
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
15.000
00
0.00
15,000 00
0 000%
10000
1220
8780
12 200%
678.865
00
516,245 00
162,620 00
76 050%
5 930
430 00
3,740,006 21
2J90,423 79
63 060 %
6,624,39500
4,256,26341
2,368,131.59
64250%
0.00 000 000 0 D00%
000 000 0 00 0 000%
000 000 0 00 0 000%
TOTAL FINANCING AUTHORITY 6,624.39500 4,256,26341 2,368,13159 64250%
.K7
LA GUINTA FINANCING AUTHORITY 0710112006-2/2812007 REMAINING
EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
1512500
10,12116
000
5,00384
BOND PRINCIPAL-19M
345.00000
345, 00000
000
000
BOND PRINCIPAL -2004
1,520,00000
1,520,00000
000
000
BONDINTEREST-1996
333,66500
171,24600
000
162,62000
BOND INTEREST -2004
0,403,15600
2,212,97813
000
2,190,17787
TRANSFER OUT
000
000
000
000
TOTAL DEBT SERVICE
6,617,14600
4,269,34429
000
2,357,80171
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS 000 000 000 000
TRANSFER OUT 727300 7273 d0 000 (040)
TOTAL CAPITAL IMPROVEMENT 727300 727340 000 (0 AO)
TOTAL FINANCING AUTHORITY 6,624 419 DO 4,266,61 2,357,801 1
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