2007 05 15 FAa,
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calls Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, MAY 15, 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 APRIL 17, 2007
Financing Authority Agenda 1 May 15, 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 MARCH 31, 2007.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED 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
June 19, 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 May 15,
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 May 11, 2007.
DATED: May 11, 2007
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VERONICA J. NTECINO, City Clerk
City of La Quinta, California
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Financing Authority Agenda 2 May 15, 2007
COUNCIL/RDA MEETING DATE: Mav 15, 2007
ITEM TITLE: Receive and File Transmittal of
Treasurer's Report as of March 31, 2007
RECOMMENDATION:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
It is recommended the La Quinta Financing Authority Board:
Receive and File the Treasurer's Report as of March 31, 2007.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: May 15, 2007 BUSINESS SESSION:
ITEMTITLE: Receive and File Transmittal of Revenue and
Expenditure Report for March 31, 2007 CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
Transmittal of the March 31, 2007 Statement of Revenue and Expenditures for the
La Quinta Financing Authority.
Respectfully submitted, ,
John M. (Falconer, Finance Director
Approved for submissio by:
Thomas P. Genovese, Executive Director
Attachment 1: Revenue and Expenditures Report, March 31, 2007
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LA OUINTA FINANCING AUTHORITY
REVENUE DETAIL
0710112006 - 313112007 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
H 1 1 H1.Mvir1V 1 1
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
15,000 00
000
1500000
0 000%
10000
1329
8671
13290%
678,86500
516,245.00
162,62000
76050%
5 930 430 00
5,930,182 23
24777
100 000%
6,624,39500
6,446.44052
177,954.48
97.310%
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest 000 000 000 0 000%
Non Allccatecl Interest 000 000 000 0000%
TOTAL CIP REVENUE 000 000 000 0000%
TOTAL FNANCING AUTHORITY 6,624,39500 6,44644052 177,95448 97310%
4,
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%A
LA OUINTA FINANCING AUTHORITY 0710112006-313112007 REMAINING
EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDIT URES
SERVICES
15.12500
1D.12116
000
5,003M
BONOPRINCIPAL 1996
345,00000
345,00000
000
000
BONDPRINCIPAL 2004
1,520,00000
3710,17813
000
(2,190, 17813)
BOND INTEREST - 1996
333,86500
17124500
000
16262000
BOND INTEREST - 2004
4.403, 15600
2,212,97813
000
2,190,1]]87
TRANSFER OUT
000
000
000
000
TOTAL DEBT SERVICE
6,61],14600
6,449,52242
000
16]62358
CAPITAL IMPROVEMENT (EXPENDITURES
BOND ISSUANCE COSTS
000
000
000
000
TRANSFER OUT
]2]300
]2]340
000
(]40)
TOTAL CAPITAL IMPROVEMENT
]2]300
727340
000
O4U_
TOTAL FINANCING AUTHORITY 6,52441 Y 6,79582 0OD 167,62318
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