2008 11 18 FAv S
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, NOVEMBER 18, 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 OCTOBER 21, 2008.
Financing Authority Agenda 1 November 18, 2008
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
RECEIVE AND FILE TREASURER'S REPORT DATED SEPTEMBER 30, 2008.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED
SEPTEMBER 30, 2008.
BUSINESS SESSION — NONE
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
The next regular meeting of the Financing Authority will be held on December 16,
2008, 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 November
18, 2008, 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 November 14, 2008.
DATED: November 14, 2008
ERONICA J. N CINO, City Clerk
City of La Quinta, California
Public Notice
Any writings or documents provided to a majority of the Financing Authority regarding any
item on this agenda will be made available for public inspection at the City Clerk counter at
City Hall located at 78-495 Calls Tampico, La Quints, California, 92253, during normal
business hours.
002
Financing Authority Agenda 2 November 18, 2008
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COUNCIL/RDA MEETING DATE: November 18, 2008
ITEM TITLE: Receive and File Transmittal of
Treasurer's Report dated September 30, 2008
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
003
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COUNCIL/RDA MEETING DATE: November 18, 2008
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Report dated September 30, 2008
RECOMMENDATION:
Receive and File.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the September 30, 2008 Statement of Revenue and Expenditures 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, September 30, 2008
004
LA OUINTA FINANCING AUTHORITY
REVENUE DETAIL
0710112008-09130/2008 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
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
15,000 00
0.00
15,0D0 00
0.000 %
0D0
0.00
000
0000%
675,880.00
000
675,880 00
0000%
5,919994.00
3,781,62813
2,138,36587
63880%
6,610,874.00
3,781,62813
2,829,24587
57200%
0.00 0.00 0.00 0.000%
0.00 000 000 0000%
0.00 0.00 0 00 0 000 %
8,610,87400 3,781,628.13 2,829,245.87 57.200%
E
07/0112006 - 09/3012008
LA OUINTA FINANCING AUTHORITY
ADJUSTED
BUDGET
EXPENDITURES
ENCUMBERED
REMAINING
BUDGET
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
15,80000
6.20242
000
9,59758
SERVICES
BOND PRINCIPAL - 1996
380,0D0.00
000
000
380,000.00
BOND PRINCIPAL - 2004
1,615,00000
1,615,00000
0.00
0.00
BOND INTEREST - 1996
296,45000
0.00
000
296,45000
BOND INTEREST - 2004
4,304,99400
2,166,628.13
0.00
2,138,36587
TRANSFER OUT
000
0.00
0.00
000
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
000
000
000
000
BOND ISSUANCE COSTS
000
000
0.00
0.00
TRANSFER OUT
TOTAL CAPITAL IMPROVEMENT
000
000
0.00
0.015-
TOTAL FINANCING AUTHORITY
0,06
3