2008 09 16 FACF`y OF TtiF'�
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, SEPTEMBER 16, 2008 — 4:00 P.M.
Beginning Resolution No. FA 2008-003
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 JULY 15, 2008.
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 REPORTS DATED JUNE 30 AND JULY
31, 2008.
Financing Authority Agenda 1 September 16, 2008 1
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: September 16, 2008
BUSINESS SESSION: _
ITEM TITLE: Receive and File Transmittal of Treasurers CONSENT CALENDAR:
Reports as of June 30, 2008 and July 31, 2008
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
3
ceit!t 4 4,u Qumrcv
COUNCIL/RDA MEETING DATE: September 16, 2008
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Report dated June 30, 2008 and July
31, 2008
RECOMMENDATION:
Receive and File
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION: _
CONSENT CALENDAR: CPI
STUDY SESSION:
PUBLIC HEARING:
Receive and File Transmittal of the June 30, 2008 and July 31, 2008 Statement of
Revenue and Expenditures for the La Quinta Financing Authority.
Respectfully submitted,
?Lhn M. Falcon r, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report for June 30, 2008
2. Revenue and Expenditures Report for July 31, 2008
•60-. 004
LA OUINTA FINANCING AUTHORITY
REVENUE DETAIL
ATTACHMENT 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
TOTAL FINANCING AUTHORITY
0710112007 - 06/30/2008 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,000.00
9.64123
5,358.77
64.270%
0.00
15885
(158.85)
0,000%
675,88000
675,880.00
000
100000%
5,92fi 806.00
5,926,806 25
(0.25)
100 000 %
6,617,686.00
6,612,466.33
5,19967
99920%
000 000 0.00 0.000%
0 00 0.00 000 0 000%
0.00 0.00 0.00 0000%
6,617,68600 6,512,486.33 5,199.67 99920%
0 05
2
LA QUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL- 1996
BOND PRINCIPAL - 2004
BOND INTEREST- 1996
BOND INTEREST - 2004
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
07/01/2007 - 06/30/2008 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
.24 0.00 6,158.76
00 000 0.00
.00 0.00 0.00
Goo 0.00 0.00 000
0.00 0.00 0.00 0.00
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
�. 006
3
ATTACHMENT 2
LA OUINTA 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
TOTAL FINANCING AUTHORITY
0710112008.0713112008 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,000 00
000
15,000 DO
0.000 %
000
0.00
0.00
00DO%
675,880.00
0.00
675,880.00
0ODD%
5,919,994.00
0.00
5 919 994 00
0 000%
6,610,874.00
000
6.610,87400
0.000%
0OO 0.00 0OD 0.000%
000 0.00 000 0000%
000 0.00 0.00 0 000%
6,610.874 GO 0.00 6,610,874.00 00DD%
u' 007
LA QUINTA FINANCING AUTHORITY
07/01/2008-07131/2008
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
15,800.00
65528
000
15.14472
BOND PRINCIPAL- 1996
380,000 00
0.00
000
380,000 00
BOND PRINCIPAL - 2004
1,615,000.00
0.00
0.00
1,615,000.00
BOND INTEREST - 1996
296,450.00
0.00
0.00
296,4%00
BOND INTEREST - 2004
4,304.99400
000
0.00
4,304,994.00
TRANSFER OUT
0.00
0.00
000
000
TOTAL DEBT SERVICE .00
655.28
000661158872
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS 000 000 000 000
TRANSFER OUT 000 0.00 0.00 000
TOTAL CAPITAL IMPROVEMENT-0-0 000 000 000
TOTAL FINANCING AUTHORITY
J