The URL can be used to link to this page

2000 01 04 RDA� T � OZ V S i 14�r nn OF TN�O Redevelopment Agency Agenda CITY COUNCIL CHAMBER 78-495 Calle Tampico La O.uinta, California 92253 Regular Meeting January 4. 2000 - 2:00 P.M. CALL TO ORDER Beginning Res. No. RDA 2000-01 a. Roll Call: Board Members: Adolph, Pena, Perkins, Sniff, Chairperson Henderson PUBLIC COMMENT This is the time set aside for public comment on any matter not scheduled for a public hearing. Please complete a "request to speak" form and limit your comments to three minutes. Please watch the timing device on the podium. CLOSED SESSION - NONE NOTE: TIME PERMITTING, THE REDEVELOPMENT AGENCY BOARD MAY CONDUCT CLOSED SESSION DISCUSSIONS DURING THE DINNER RECESS. ADDITIONALLY, PERSONS IDENTIFIED AS NEGOTIATING PARTIES WHERE THE CITY IS CONSIDERING ACQUISITION OF THEIR PROPERTY ARE NOT INVITED INTO THE CLOSED SESSION MEETING. PUBLIC COMMENT - 3:00 PM This is the time set aside for public comment on any matter not scheduled for a public hearing. Please complete a "request to speak" form and limit your comments to three minutes. Please watch the timing device on the podium. CONFIRMATION OF AGENDA APPROVAL OF MINUTES a. Approval of Minutes of December 21, 1999. CONSENT CALENDAR Note: Consent Calendar items are considered to be routine in nature and will be approved by one motion. APPROVAL OF DEMAND REGISTER DATED JANUARY 4, 2000. BUSINESS SESSION 1. CONSIDERATION OF THE APPROVAL OF COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 1999. A) MINUTE ORDER ACTION 2. CONSIDERATION OF AUTHORIZATION TO DISTRIBUTE A REQUEST FOR PROPOSALS FOR PHASE II ARCHAEOLOGICAL SERVICES FOR AGENCY LAND LOCATED AT THE SOUTHEAST CORNER OF WASHINGTON STREET AND MILES AVENUE. A) MINUTE ORDER ACTION STUDY SESSION - NONE DEPARTMENT REPORTS - NONE CHAIR AND BOARD MEMBERS' ITEMS PUBLIC HEARINGS - NONE ADJOURNMENT DECLARATION OF POSTING I, June S. Greek, Secretary of the La Quinta Redevelopment Agency, do hereby declare that the foregoing agenda for the La Quinta Redevelopment Agency meeting of January 4, 2000 was posted on the outside entry to the Council Chamber, 78-495 Calle Tampico and on the bulletin board at the La Quinta Chamber of Commerce and at Stater Bros., 78-630 Highway 1 1 1, on Thursday, December 30, 1999. DATED: December 30, 1999 NE S. GREEK, Secretary La Quinta Redevelopment Agency -2- PUBLIC NOTICE The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed for the hearing impaired, please call the City Clerk's Office at 777-7025, 24-hours in advance of the meeting and accommodations will be made. -3- Titit 4 4 Q" COUNCIL/RDA MEETING DATE: JANUARY 4, 2000 ITEM TITLE: Demand Register Dated January 4, 2000 AGENDA CATEGORY: BUSINESS SESSION CONSENT CALENDAR STUDY SESSION PUBLIC HEARING RECOMMENDATION. Approve Demand Register Dated January 4, 2000 BACKGROUND: Prepaid Warrants: 39526 - 39529) 6,649.51 39530 - 395371 94,441.50 39538 - 39543) 16,222.81 Wire Transfers} 100,037.59 P/R 4246 - 43211 90,012.63 P/R Tax Transfers} 27,965.16 CITY DEMANDS $302,695.57 Payable Warrants: 39544 - 396591 200,007.64 RDA DEMANDS 232,641.27 FISCAL IMPLICATIONS: Demand of Cash - RDA John M. Falconer, Financ Director $535,336.84 $232,641.27 $535,336.84 CITY OF LA QUINTA BANK TRANSACTIONS 12/17/99 - 12/29/99 12/23/99 WIRE TRANSFER - DEFERRED COMP 12/23/99 WIRE TRANSFER - PERS 12/23/99 WIRE TRANSFER - CREDIT UNION 12/23/99 WIRE TRANSFER - RDA ESCROW 12/23/99 WIRE TRANSFER - RDA ESCROW TOTAL WIRE TRANSFERS OUT $5,670.53 $13,492.74 $5,874.32 $25,000.00 $50,000.00 $100,037.59 ACCOUNTS PAYABLE - AP5005 CHECK REGISTER 09:52AM 12/29/99 CITY OF LA QUINTA BANK ID: DEF PAGE 1 CHECK NUMBER CHECK DATE VENDOR NO. NAME ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** PAYMENT AMOUNT 39544 12/29/99 &00964 ALICIA AGUIRRE-TAPIN 112.00 39545 12/29/99 &00965 MAXINE BORG 224.00 39546 12/29/99 &00966 MARILYN BOWLES 110.00 39547 12/29/99 &00967 TAMMY CAPONE 25.00 39548 12/29/99 &00968 FOOTHILL DRYWALL INC 50.00 39549 12/29/99 &00969 LESLIE'S POOL MART 25.00 39550 12/29/99 &00970 GOLDENSTATE MORTGAGE CO 250.00 39551 12/29/99 &00971 BRUCE MARQUETTE 56.00 39552 12/29/99 &00972 FRANCINE MATHY 15.00 39553 12/29/99 &00973 HOWARD MUSASHI 25.00 39554 12/29/99 &00974 ROBERT WAYMAN 122.00 39555 12/29/99 &00975 MELBA COLMER 15.00 39556 12/29/99 &00976 FEIRO ENGINEERING INC 50.00 39557 12/29/99 &00977 ROSE GUERRA 30.00 39558 12/29/99 ABL001 ABLE RIBBON TECH 69.91 39559 12/29/99 AFF200 AFFIRMED MEDICAL SVC 86.16 39560 12/29/99 ALC050 BOB ALCALA 42.00 39561 12/29/99 AME200 AMERIPRIDE UNIFORM SVCS 192.22 39562 12/29/99 AND050 ANDY'S AUTO REPAIR 325.14 39563 12/29/99 ATT075 AT&T WIRELESS SERVICES 303.30 39564 12/29/99 AUT030 AUTOMATED TELECOM 281.59 39565 12/29/99 BER150 BERRYMAN & HENIGAR INC 672.00 39566 12/29/99 BES205 BEST WESTERN JOHN JAY INN 132.00 39567 12/29/99 BOG100 SHARON BOGAN 112.00 39568 12/29/99 BOU050 FRED BOUMA 25.00 39569 12/29/99 BRI100 BRINKS INC 265.00 39570 12/29/99 CAD010 CADET UNIFORM SUPPLY 297.72 39571 12/29/99 CAT040 CATERING BY SHARON 2542.82 39572 12/29/99 CEN050 CENTURY CROWELL 150.00 39573 12/29/99 COA080 COACHELLA VALLEY WATER 497.09 39574 12/29/99 COA081 COACHELLA VALLEY WATER 55825.00 39575 12/29/99 COM015 COMPUTER U LEARNING CENTR 168.75 39576 12/29/99 COM040 COMMERCIAL LIGHTING IND 1079.66 39577 12/29/99 COS050 COSTCO BUSINESS DELIVERY 330.96 39578 12/29/99 DAR100 DARTNELL CORPORATION 89.97 39579 12/29/99 DESO40 DESERT JANITOR SERVICE 4028.50 39580 12/29/99 DES060 DESERT SUN PUBLISHING CO 3627.17 39581 12/29/99 DES065 DESERT TEMPS INC 998.40 39582 12/29/99 EAG100 EAGLE/HOUSEHOLD BANK FSB 174.19 39583 12/29/99 ECO010 ECONO SEWER SERVICES 4509.50 39584 12/29/99 FED010 FEDERAL EXPRESS CORP 53.05 39585 12/29/99 GAR005 GARNER IMPLEMENT CO 214.70 39586 12/29/99 GAS010 GASCARD INC 56.04 39587 12/29/99 GEN100 THOMAS P GENOVESE 75.00 39588 12/29/99 GRE020 GREAT SCOTT'S CATERING 200.00 39589 12/29/99 GTE020 GTE TELEPHONE OPERATIONS 511.83 39590 12/29/99 GUM050 BRAD GUMMER 267.75 3 ACCOUNTS PAYABLE - AP5005 CHECK REGISTER 09:52AM 12/29/99 CITY OF LA QUINTA BANK ID: DEF PAGE 2 CHECK NUMBER 39591 39592 39593 39594 39595 39596 39597 39598 39599 39600 39601 39602 39603 39604 39605 39606 39607 39608 39609 39610 39611 39612 39613 39614 39615 39616 39617 39618 39619 39620 39621 39622 39623 39624 39625 39626 39627 39628 39629 39630 39631 39632 39633 39634 39635 39636 39637 39638 39639 CHECK DATE 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 12/29/99 NO. HIG010 HIL150 HOA010 HOM030 HON050 H00050 IDE050 IMPO10 IND030 JUD010 KEL010 KIL100 KIN050 KIN100 KRI100 KUL050 LAQ100 L00010 LUB050 MCDO10 MCKO10 MOB100 MOM100 MUNO10 NAW010 NIC100 OKS100 OWE020 PAP050 PAR030 PIT015 POW100 PRI020 PR1070 RAL050 RAN100 RAS020 RIE200 RIV080 RIV089 RIV101 RIV150 SAX100 SCE100 SIM025 SMAO10 SM0010 SOU007 SPI010 VENDOR NAME HIGH TECH IRRIGATION INC HILTON FARNKOPF & HUGH HOARD INC HOME DEPOT DAWN C HONEYWELL FAYE HOOPER IDEA ART IMPERIAL IRRIGATION DIST INDIO SHOE STORE INC JUDICIAL DATA SYSTEMS COR KELLY SERVICES INC KILLER BEE SWARM REMOVAL KINKO'S KINER/GOODSELL ADVERTISNG BRUCE KRIBBS CONSTRUCTION KULI IMAGE INC LA QUINTA VOLUNTEER FIRE LOCK SHOP INC LUBE SHOP MC DOWELL AWARDS McKESSON WATER PRODUCTS MOBILE COMM MOM'S GAS STATION MUNI FINANCIAL SERV INC RON NAWROCKI NICKERSON, DIERCKS & ASSC JACK OKSNEE OWEN & BRADLEY PAPERDIRECT INC PARKHOUSE TIRE INC PITNEY BOWES POWERS AWARDS THE PRINTING PLACE PRINTING SOLUTIONS RALPHS GROCERY CO CITY OF RANCHO MIRAGE RASA - ERIC NELSON PAT RIENSCHE RIVERSIDE COUNTY HEALTH RIVERSIDE COUNTY RECORDER RIV COUNTY SHERIFF/INDIO RIV COUNTY TRANSPORTATION SAXON ENGINEERING SERVICE SCESA SIMON MOTORS INC SMART & FINAL DONNALDA SMOLENS SOUTHWEST NETWORKS, INC CRISTAL SPIDELL PAYMENT AMOUNT 58.20 4877.75 1275.02 402.00 11310.00 75.00 112.90 18847.90 332.95 100.00 1094.80 450.00 825.02 2469.77 3200.00 137.45 492.25 19.40 28.34 68.53 241.65 57.24 621.88 1350.00 1700.00 4455.00 84.00 317.03 373.45 364.14 616.10 10.78 179.94 587.44 58.95 15.00 1675.00 51.80 2890.00 10.00 1037.53 3467.56 3710.00 50.00 371.76 107.98 137.75 3079.23 19.84 ►,J L ACCOUNTS PAYABLE - AP5005 CHECK REGISTER 09:52AM 12/29/99 CITY OF LA QUINTA BANK ID: DEF PAGE 3 CHECK NUMBER CHECK DATE VENDOR NO. NAME PAYMENT AMOUNT 39640 12/29/99 STA020 STANDARD REGISTER 424.45 39641 12/29/99 STA045 STAN'S AUTO TECH 676.34 39642 12/29/99 STA050 STAPLES 443.99 39643 12/29/99 STR050 EDWARD STREZLCZYK 100.00 39644 12/29/99 SUN065 SUNDANCE STUDIO 453.35 39645 12/29/99 SUN075 SUNLINE TRANSIT AGENCY 1430.68 39646 12/29/99 TER100 TERRA NOVA PLANNING & 11563.35 39647 12/29/99 TOP010 TOPS'N BARRICADES INC 181.19 39648 12/29/99 TOT050 TOT STOP PRE-SCHOOL 300.00 39649 12/29/99 TRA020 TRANSAMERICA INTELLITECH 140.74 39650 12/29/99 TRIO10 TRI LAKE CONSULTANTS INC 21960.00 39651 12/29/99 TR0050 GREG TROUSDELL 24.32 39652 12/29/99 TRU010 TRULY NOLEN INC 156.00 39653 12/29/99 USO100 US OFFICE PRODUCTS 960.92 39654 12/29/99 VAN075 VANDORPE CHOU ASSOC INC 450.00 39655 12/29/99 VER010 ROMANO VERLENGIA 55.45 39656 12/29/99 WAL010 WAL MART STORES INC 90.00 39657 12/29/99 WHE050 WHEELER'S 105.00 39658 12/29/99 WIS020 WISE MAINTENANCE & CONST 1412.50 39659 12/29/99 XER010 XEROX CORPORATION 5947.61 CHECK TOTAL 200,007.64 R rl N t'1 V' l0 h a0 rn f'1 z rn rn rn H ry W Pi H N � El N H N H N H H N N EA H H H H H H H ri H ri H ri E+ N '-i H 0 O ray O N O N O p ry O O N o O�II O O .-1 O O N O N O Ln •--I �y a 0 p 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 rn W Fi H 7 0 W W Q H H H W Ho vzi f� O a Q 00 W[z1 z W N H N H a W Eo rzn H a a q A W a > O W N a Q oNo a q A Z W7 a H VIl W Q �a W offo a no WW a O O H a a offo P a on W7 a N O H a z EQQ w a O Q W PI o Ei a offo Q H w a no Z' W !U) offoE% Qi �-I U a q A W7 a L-� U a Q o W Q a a C" > O q o jZij N H {EYi z z W off fZ!)[i A O q Q W V1 Ua U zQ w W W H q a O p V-i Q H H 41 Z D7 Ul rn in Vn h in lD t� Ifl N r-i rn rn N N m N N o7 tl'1 N 4 W Pi a O Ei U W P, W d' in ul O O O O 0 O O 0 O co H O 0 O O 0 O O o O d' ut d' O O O U � O O p H O O O O 0 O O O r O O o O H O O O O O o O O o 0 O O O O O O 0 O O O H O O O O 0 O 0 O 0 O 0 0 0 U H U H Ej U 0 a H sC dap I W°' m .�- O U U 4 .,C z � a o ?i H H U O z �rC+•71' J H a d' ID rn o O W o w W H Ul ID 0) 0 O w rA W ?� aHW, ID 0 rn 0 O W 0 U H h LD rn 0 O W Q a H °w co lD rn 0 O W a p P. m W a (TI ID 01 0 O W E z A c� O rn 0 W a w QI 0 W P73-I zH U rn 0 W 3 x rn 0 W P'i a O W 0 FC tW-1 O o W I m N rl N N M d' In M U3 r M d' ifl m T . 10 rn 14 N x M M m m M M M M m M M m m m M 0 ur a H H .--I H ri E+ ri H H H .-+ H H H H H ri Ei .--I H '-i H fi H H H •y H EA H 0 0 In Cn a o o ti [i] k' El O O rl rn tp 10 m N �N M Ott N d' d' In rt M N +O ate', O O O U1 H O ttt 0 O M 0) 10 lD m co N -t N Ol Ill N M M O M H m N Di E" U n O ti z z ED U v El W�uH a a H10H, , N �] H O HpHa Ea wwsu) y o o El z 8 x H E w x� a[AaCwJ pHO xwx7. o a O aO O a O O O O a 1p O z > W W z W m 7 5 aa > O �C o a> �> a z > u a s a m W U w W In +D N H N rn N N O lO O N M ."+ rn 0) d' N rn O pq 'IVIn tD N t0 M .-i M .-i h 0 O 10 M 1� lO 0) rn m N O ul fn O 0 i() tf1 rn to 0 to to O N O In N l0 .-I � H N O In a wro a 0 o Ei w a If) M O O O O In m In ID LO W m +D In rn y d' M 'd' O h M O r rn O tp rn O Lfl rn rn O O ID tD rn O rn iO In M N N 10 .--I N w H N lD O l0 O Q O O O O O O ri In M M In M N O N r ill M N N O O N N I In M - O In m In ri I in M —I—I In M In M N I[1 d' C) ri .-1 .-1 •-1 .-1 .-i H r1 r+ H �'+ ri H p O p O O O O O O O O 0 0 O O u N > u u > > > w z w In to w H H z H m a� h O w o 0 w w 0 w rn o u 0 u 0 u H m W Wu Ei H z z z z Ww m a a a W .n (yda J a ( H H H a PI RC O RO,i H w rn oa w I-7 H w PO om % P�j a a a za Ei ti t'� Ly W w H PR w �a a a +D O o o o O o o O O o o In in I o M O M o M O In 0>1 U -AO rn rn p pm o N In O N N N .�jI cm)O O O O a PO Fy' �C ai a' a' A.' lD 0) O H N M d' « 1 l0 r N r OD O Ol • m o, z rn � m x N U F � N m N m N m N m N m (V m N m N M N M N m N N N OD N Q1 N M N M N m m N N M .-1 H H H '-1 H N E+ H H E+ E+ H E+ H H H E+ H H H H H 0 N O O O O IO O t0 N a0 m .-I O O lD N O M N O O r O W O OD r r r O N O O 01 N N 44 by O O O O O N N O 0 N 0 N 0 N H 0 Ifl o IC1 r r m N a O O w o, N o w q a w N ti W ]rj W x ° po Cvx�i pp �p-I I�q�-I p� [Rp�C pF H w E RC z H a H N HC " H H a W ° E C9 a w H a ° a z a a 5 a Q a Q q a �, 0 F' m m �wd (n � mow' A x (n a n° n wF' aE dF dF dam' n° qW Q Da q o z z Z z z z 5 z 5 z x x 3 3 W f,+ kD m o cw a o o I W H h o r H h O O O o O] o 01 o 01 1D O H dt m M h H H H n H In h 'd' O1 01 O 01 Ol O O O h h r H q z lD N N O M O M o H o H o H o M O M o .-1 O <0 O (D o m N o o 1C1 ICI a w w w a I O o w H a O N O o O o o O o o O O o o O aD m m 0 o cn Irl o o 0 0 o 0 0 0 0 0 o 0 o 0 0 0 o 0 o 0 o 0 0 0 o m In In o h rn m r r r r h r r r r r r r m rn rn z m O 10 lD N O lD H N H ID .1 0 I 10 .-I W .--1 tD I W H 0 I l0 .-I 0 m 10 d' d' O o lD 10 `Jy M N O r1 M r m m d' M cJ• r r M r1 O O O O U O H O N O O I[1 Ifl ICl l[l l[l ifl ICl I[) ICl IC) In O O Ill Ifl U Q,' H O O o O o H O O o H O O o O o H O O o H O O o H O O o H O O o o H O O z z H a a H H >+ ?+ N >+ >+ >+ >+ >+ >+ w W w w w w w w w w z 3 3 0 z 04 m w m w m w m a m w m w vi w of w m a m O o m a w w (7 0 O°°° H o H O° H H 0 H 0 0 H > pq H v' O w z H H H za H oya O O U o z » a �a7 >+ 01 o In o o o 0 o o 0 o 0 0 0 o 0 0 0 o 0 z O >. O N o H In O O •-1 o Oq Oq O oq oq O O o O O m W O O a Q q n qO n Q q q 8 Q Q a. W O 'Cl) U IE-I a; U W W O P7 O W Rl U U U U U U U U U i) U U U U O h m M O H. °z rn m m � p,• m m m m m m m M m N m N M N m m m m m m m m N N N N N N N N N N N H H 0 pl w EI rC p4 N H N H N H N H (V H N H N H H H H H H H H H H H H H H HHHHH H O H O H O H O H O H d N O H O O O � .-1 H Ifl m O N O O m s1' O O O O Ln r m • to to ([1 01 ' M h ' O ifl H h H N Ql co m h H IIl H N m ID ri ill m N h 01 N m m d' 1p h m N � n a LD 0 Ol 0 O 0 L9 � • Irl 0i o rn w o a m 01 a Ili o N ao 1D h M m m C/) U u pq o I m .-+ off W a m d' z p H w 0, a W \ \ In w H ° El U° z 0 H H PillEp U H U U U U U u U U Z Ou p a u m v] m m m rn zn rn O Ca O 0 a z u O n 0 z[�7 "1 O v] q DI H Pi H 0 a A O O O O 0 a H a a a a H a H a E+ a a z � W H H H rl) � `n y y m O O H q a o H N o O O o O O I I C� C O F� 'y M H O H 6l N m H m N O m m t0 O M l0 O m l0 O m l0 O H Ill N ill 0 O Ol m O lT h N Ol Ol Ol mO H o H A z H h h h h M 0 H H N H H H H N U1 z O O O O 0 0 O O O 10 Ill In In l0 L 00 2j P+ w a 0 o o w a o a W m In u M In v m In u N m o 0 o 0 o 0 0 o 0 0 o 0 0 O o o N Gl h m h m � m m o o o 0 0 0 m 10 r m 10 a M 10 M 10 m 10 o 0 •r„ T O 1D Ol O 10 of 0 o H m 10 H M 10 H m 10 H m 10 H M ID H h 10 of 0 10 m O h 0 h m O h O H h 10 00 l0 0 1D 0 1D 00 l0 O 1O In 10 ] m ul m m O O ul In O Ol O In In In O In In O In In ul O p 10 W 10 d' N N m M H U H H H H H H H H In H H H H O H O H O H O H O O O p y o O O O o O O O d O H O H O r+ 0 H 0 H H H H H H H •-I a a 0 U W W W W W W U H " I!C^awl, U U U U U O W W W U' U' U' H o > > x> H M 3 3 3 3 3 3 3 3 37H, H H� q q H [AW w W w En Wa Wa WW7 W W W [ x V] r4 U] UI U1 U] U1 Io�nyy fy+ dal z `C FWD t FC IW� rC � .a a IH7 z z p�, O H H H N > > > > 0UIEO w H F�4 F4 4 F4 j< F4F4 a w w a a z �+ a a a a a a a a a a a a a a a a a a w a z o o x a z a 0 a a � W m m wn m aHc wn rwn 044 O FC � RC h 4 0 0 0 0 0 0° w w w w w '' a g o o 0 o u 0 U 0 u 0 u 0 u U U U u U U cl o 0 o a o 0 m u 0 U 0 u 0 0 0 0 o O o 0 0 0 o 0 O o 0 0 0o 100 ] Op H mmmmmmmm 0 0 0 0 0 0 0 0 P� 0 0 0 Om Om 0 Wm 0 Wm 0 mW 0 Wm 0 m W 0 rWn Cl p i U U U u U U U U A G L a E rn p rn O H N H N N Ifl lO lO N N xro W rl t�l N co N (rl ('1 OJ N N .+ H .-� H H H .� H .-+ H F E H F H •-� N E H H H H H H H H F 0 N a O O N rn O O d' O O m H lD u'1 1n r o z H O OJ 1 m rn rn n m �fl n r O O .-1 H H rn � O � .-1 N p rn o o O p o r r d rn m O o0 co 0) O N LO N O � o O U I rn z oaw E aff H H Ha ��Q aHp WoW q WE�p W z(n -1 HH aU z oo z pp Wo P8 pq WHp aU ov U) H E aa aQa O a aw AU H H O Q W O H O 9 O O Q U a a a a z p4 z 7 7 �7 � 4 z z z[H] z 0 z P4 z V 2 � ty [q.7 W Z Wj aU [� 'Z P z z QyC W R O E' CD�l w �1 CC 0 � rn H Cl a l0 l0 N N r0 ('1 Q W m m rn r rn r O O (fl Oto r r 0 0 o r r r m H r n po CO itl H O z H Q H H H H H H rn H 1n m O N a H 04 � W R1 a I O U W d' d' O O O o o O a � o O 0 O 0 0 O o O O O P/ r1 O O O O O o I p p O [.j O o 0 0 0 1n 1n o 0 0 0 0 O u1 rn rn r rn O O -0 MO H N mo r1r d' O (p 0 r � z to w d' LO d' 10 d' w 1n ul r r (O r (O l0 (O O H H O O O J vt O O O R/ itl ifl ul O N O H N .-1 Q N N N d H U .-1 H H H •-I O O N 0 0 0 o z0w w za�EU8N.a^U77, z z pqm a QQH a o HW0w0 a WW 0 H0 c� ID 10 1O N ID l0 0 O r r-1 r N r N N Ifl N 1p N r N m N O N N M n N M M M m rn rn I lD to m N H W a; 0 w x U E-1 a' ao M N H M N I-i H M N P M N EA H M N H H m N r7 EA M N H H M N i H M N H H M N EA H M N .i H m N •-i H m N rl H m N H E m N H E m N ei H m m N N f-I H H E m N r-I H m N H H m m N N '-I H E E N OE-i Alt r O N Itl r O O ID O Q� O O� H ID N O l�1 O O O O Ir) ul M m M r �p m In r O O r Ul N D\ H lD If) m O O M H m lD rl O lD Ifl r .-+ N O m m cy H H O n Ifl d' m m L4 N1 m Irt r O N «t r N O O O H ul r D N m V z 0 H z 0 H r r m r N H N O d' z H O H W a H O O H UVl a O m w a Om a q oQ q a w wa w Wm Wv] H H FC H H H H H HFC Fri zW CG zW FG WW W MW a W m a s > [o \E-' N A G H w �a H Rc H Rc n 7 m m� m a a a a a a a F7 a n07 a 10-7 la a w w U Fr] H G a I O I M O I W R1 i' M m lo In r N m N r 61 N O 0 O M Itl Ifl .t M m N m O� m m Ol 01 0 D� 0 6� m m rn D� Ql O� m O� m 0 m 01 D� H q q H z �D N -r o r rn o r rn d0 10 N ID io N O o H r H M d d, iO o r rl N r H H U O N O H O E V O H U O H H O H O H O H E O O n r m w w a I o o w H a N r N N O O r r O O r O O O O O O O O O O O Itl m I[7 In O O tD to m m m m O O O O m m O O O O O O O O O O O O O O O O O O O O O O '�.. N O io M O r I[1 O 10 IIl O �o .-1 N w 0)M O 0 O r M O r ID O r I O r M O r � O ID . O ko H O to . O ID H O iD H .--I O O to t0 .-I O LO H O LO . r O O ID m J O V In In U O ul O ul In Itl ul Itl O O 0 O H 0 H 0 0 0 O (J y' H O H 0 H I O O '-I o O e-I O 0 .-I H O rV O 0 H H O H 0 O ri O 0 H O 0 H o O H o O O d� d� ep V� O o O o o In O �9� U z H U M LOp� N w w .414 a W30 a �0 0 [0 a �3O F4 I w H a H m �� H O EEII O H O EI O H O w O w O w O w O w O w w O O w O w O w w O O li z '1 a w E w o w o x x w q w w Q w Q[ w q x 0 x U x 0 x 0 x m x U x U x U m x U W � oq L0 x H H im.� FCs]] O o �50+ �OS+ a �su m m x x x x m x 0 q q Ll W q Y A q (] A W q q z 0 0 0 0 0 o O O o O o 0 O o 0 0 0 0 0 0 0 0 0 ] O ?+ 0 o H o H Itl H H Ifl H H H o O 0 0 O M 0 M 0 M 0 M 0 O 0 0 0 0 O 0 0 O 0 a O 0 0 O 0 0 O 0 0 0 0 O O 0 0 O 0 0 O 0 0 0 0 O O u c� x x x x x x x x x x x x m m x x m x m m m J- In 0 r m M O H N M N no co m m z [(� 0. m a rn N r N x U 110 m W m m m M M M M M M M M M M M f+l CO m m r m H W F [V N N N N N N N N N N N N N N N N N N N C. NH N N N C7 rZ r-I H H 1 H H H H H H H H H i H H H i H N r1 H W H H H H H H H H H H H H H H H F H H H H H H E H 0+ 0 N M c1� rn � l0 O O 10 0) O O Ol H r ul l0 .-1 m O O O rn M O m O `LL F r- •'1' rn fY H d' Ol Ifl N r M d' In .-i M N N O «) N In r O J .0O M d' N M �1 m r H N [0 N l0 N [O ut m O [-- r d' m 0) rn r H N [O H W O O O O n O 0 o rn rn rn o U O N r N O Q .i r •i d' M O Ei .1 m � z H H N z W n E+ W x P." N z O p p O zz K, O Ho U 7 U > U > U > u > U > U > CJ > U U U pE �V11 EU]1 toi pH ff0-0� U z z W W H H H m m m in m m 00 U H EA W w w w W QPQ: a Ei a fq Pi U U U U U U U U O U U a W W % a F O H a z W z W z w 3 O 3 O P4 W H Pj O U q 5 O Q W H O q H a H a H a H a H a H a H a H a H a H a H a O Q S+ y' O Q Z p 2 H 0 a a z H H H H E H E E F H H z H H z H WFy w c� a a N a N N Pa Wa o m a a a N N N N H m a w a w a w a w a w a w a w a w w a w s w m m a u WW m rn M H O 0) r'1 HP a O M l0 �1' Ifl U1 U1 N U7 O ff1 M m U 1 > W w rn rn rn rn Ol rn Ol rn rn rn rn rn fP rn N r Ift 1� O .-i In H In O O O O O O d' �' z z F E.N N 0 0 .-1 O a H µ'�(Y. H H H (� H (Y. H (Y. O LonCHGJ H p 11 z [HJ EA H F O O O O q O O O O O O O W In vl In Itl � � � � > 0 P, w Pa 1 O 0 o w H P: 0 O 0 0 O O M N O O O M M O N M l0 O r r O w O O O O O O N 0)ul O O O ul O .-� H M [� [0 10 [O O N N O 1 M O O O OH OH O lfl In OM Or Or Im In01 O l0r 10r l0r COr 10 O m (MID O ul H H H 01 r r M Ill O O 0 O O 0 O 0 O N N O O [V N N N N " N N O O 0 O w [o �o [) IP m [o [o r [o [P [o fo [o [o w [o 0 [o to r r [o [n E1 p O �� Ol O rn H rn O rn H Ol m l0 O H O N O N M m O N LLD ID m l0 Ill d' lfl y' I11 V In d' l(1 V' Ifl V' In M In C' In d' m M In <F U U -I1' 10 r f0 r H H H H H H H H H H 00 0 00 0 0 0 0 0 0 0 0 0 00 0 0 0 0 a H F H H H H H F H H H O N ul fl] U1 fI] O U1 w U] U [Q U H H H H H H H H H H H rl z O z O z O z O z O z O z O z O z O z U z O z H z H H U O H N H H H H H H H H H Vi z o a a a a a a a H E H H E E E E E H E > H (3x]�+7 f$+] 1�3j 1�3j pH: pH: RNA RHj (H� RHj QHj (H� RHj PHj (H� Ulu) u H W E O O z%. O O Z O Z O Z O W P. H H H H H H H H H H H W O W O Q a 11 z WW H x VI x tV 0; x H N 4 A'i ] W a'i FC Q'i Fti a sC FC Rf'i ai x V1 x to w [q N a a a a a a a a a a a w 00 u t7 z Q Q p Q q W fn [] Q Fn-i H H H H H H H H H H H H H O O O 0 0 O O O O O O O 0 O O O O O O O O O O O O :-] O y1 l(1 O lfl O In 0 lfl O Ifl O Ifl O Ifl O Ill op In O H 0 H 0a e O . 0(� H a(� H 0w H 0w H H o A 0 H M O M 0 H O H O QVA p0(� a Poi (i U 0 0 0'+ T. 0 O � O H H H H H H 12 to r k C, m m aay Q z m N N 0 N OD w CC r N PP r N r N H r N H r N H H r N H H r .-1 H m N e-1 H r N '-1 H r N �i H m N r-1 H r N 1-1H H r N H r N H r n N N H H N N N W W m m N O 0 O r N m O 04 0 o N r m o in in 0 d' m O 0 O Z 2 aa E a qq 6 as t1i H W E o wo E a E� W E �+ H a H o H H H m m w H Q z W H U a O zz o o Ci O a. z U z o ai O 0 H m W z O H w W �+ pq O ai z 0 as ai a PG O O Pi O 0 cwa Vl f4 rn H q W 'mw W R: w W H H a w- O a D w a z z H H m m w H p W A Pi W N 0 0 O ,y ,-� O d' m � co O Oi n m m r m m N r w m m m Hq n y co co O m .-� m O .7 H m m m m 04 w z �C m a 1 O O w (� O O O O O O N m N m N m N m O O 0 O m ifl 0 O dD �D O b O O O O O O z m o lD a` o �D .1 lO 0 la 0 ID 0 0 m 0 10 m 0 ID m 0 r m 0 LO m 0 0) b o O O ^a U In l0 O m O m O m O m O d' m ,'o O O O 0 0 U F4 O O O O O O O O O O O H 0 O O O O H 0 Ln gPio z H z a m m V) V1 Vwl a N a U! a ZWq ul W H u a z pq w pi wpqpq m o 0 0 0 c� �'i �z a co a Cali In a a a a N � W m a x z W a � 14 x x (cQij7 z x [cQ�ai77 $ [c�.i7j i. x x 5 aa0 fH-1 °� U WW N q q A C] OH ¢ p Q wj 0 H H x 0 .� H 0 0 H x 0 .1 H z 0 H H u 0 H H u 0 H H x 0 �+ t% u 0 0 a4 0 ti �i a 0 0 0 a 0 0 a 0 0 A 0 0 A 0 0 0 0 A A 13 m d' rn d' O d' Ill 1 10 H r O H Nl m H m H O .-1 N r'1 1' 11 O N N m m N I'1 m rn Ill 10 rl r•1 N N N N N N N N rn m x N H W U H m N m N m N rl)Cq N m N N N N N [` N r N N N N N [N N N N N N N N N N N N N N N N N N t` N r N F4 0 m E E E H H PE-4 pp H H E H H H E H H H H H H E N In o o m o 0 0 0 0 0 0 0 0 0 0 0 0 O 0 O 0 O 0 O 0 O m EI E m 1D N N m O O O O 111 Ifl O O O O O O [rj £ z j 10 r Ill m m 1D 1� Ill N N O O O In O 00 O N .-i N .-I - Io m O m I .-1 O m O m O m O d' Ill H O d' It m Pi I'1 In d' m O O O I00 ll l0 N m O OO N N 1D ul O O W Y �i Q'i ffi �i W W ri d' U 5 r-1 H U H U H U U H FI U zH U H U H U N U H U H U H H z dT u u u u u u u u u u [sU[s77 OH W w H w H w W H H W H W H w H w H w E+ w H w H H \ 2co H H H H W Fq W Ww O po E 3 3 3 H pHp pp U H U W s" is i a H Pi a z z z a q In m a pupGG a o rC.�7 a a �-1 U U U U �-1 [y U a Q H �H4 a" QW ] a A In - Q Q] t) U CH) fJ U U U pO; H ul W > H N z c� 9 O U U O a O O O O q U U a U a WA 9 in A CWl O O W U' r r- H V1 H m x W a W a OM PI a N a Pi a M a W a W a W W W z H W w O W M O lD m m d' rn •:1' m N I-1 m m m 10 Nl N ID 1'1 m N I 'O .-1 o .-i \ \ ID i0 rl .� \ i0 H \ lD e i \ 10 .-1 \ lD H \ 10 \ ID10 \ \ 10 H A H H R 7 m f1 - !"1 - O m m 1D m r m r 1 m I m 1 I 01 m 0) 0) 1 m m I m I m 1 m 1 m q Ol Ol of Ol m m m m m m 0m m m Lu a Lai w m a I o o w H [w N (V [V O l0 O O O O O O O O O O O N O O N m m m m m m 1D l0 - lO LD 00 O O n tll Ill Ill m Ill O O O O O O O O O O O O O O O O O O mo Ill O O O O m 111 Z .+1 O 1 m O 1 rl O 111 r <D Ol m 1 LO I O m O O m O d' O � O f Ill O O Ill O Ill O I O - O m O I O I O - O m O r'1 /'1 t` nl r1 ri N O 10 1 [ w r m m m N 10 0 - I lD d kD f l0 m W m 0 w W m l0 O l0 m 10 N p U Ill ul In In o - o O - m r- M In O m O m lO In r- d' LD W W m O r tD r LD m 10 -r tO m kD iO tD o N U 0 O 0 O 0 O OH OH 0 OH OH 0 OH OH 0 0 OH 0 0 0 0 U U U U U U U U U U U U UJ U1 U U m m m m m m m m V2 U? V] m U �U�1i1 U U W W W W W W W W W .31 W W CQ Q Q ✓� .� o w w a o m m u u u u u u u u u u u u a a a a a a a a a a a a � w w w w w w w H H w H w H w H w H w w H w H w H m H Q H A O Q A Q A A H Q Q A A 1 KC r.0 U U d4 O Y. O [DI [a z z z z OU a' H H P4 P: z O z O O z O z z t r z LD s a q [n O vi 0 w u7 w w 3rG $� a a U) a a w a m a A x m a U) a w a m a In x o w o a w m z z z z[[[ x A 1-1 m U U U i O z O a z O s u H z u H z u u H H z z u H z u H z u z u z u z u z u z u z U ti O b O O O O O O O O O O O O O O O O O O O O o O ' H O . O O O H OO . Orl OH 0 .-1 OH O.-+ OH 0 .-1 Orl OH 0 .-1 OH O O. U H U x iJ x U O O n 3 u H u H u H u H u H 4U x i 7- Z z O 14 7. M cr ri 1n rn N (n In In U3 M d' In h In W In rn M O .-1 N - a a rn rn p O m rn N � N H g O e-i W (� rg x u H 4 Cq r- N H H h N H H h N H H t0 N 1 H OJ N ri H h N H H IN N H H r N f-I H h H ' i H h N r-i H h N EA H h N .-I H h h N N f-I 1-�I H H FC 0 N Cu In N O O Z In I I to O-1 I- H m In rn N rn .-I O --1 O O In o O h rn a 0 N 0 In In rn H H d lo o H rn r In LnID 'n .1 n o � h n rn a n io N H N z w z o a R 3 H 8 w 8 �� 3 H 8 x a� a w w H aa a U O Ca z a o o It r) r z a H o a ra z U[x1j a o ca Ul u a o S z a a o a, c] z a c� o z Q H a w o 04 Q u m w H N m w H r7 ol w Cio H r7 z a o C] x x u u '-' A Wp� Ri [zx7 a 'J H C�] (r`zl' ✓ FQ-7 a a m H H W Cy z z a w m o rn N ul N u a s () H O iZ� W C] I a N f{ N rn N rn O o rn co to r � N O In N o rn N H ID h o H H ID r o N l0 r O r o) rn 01 11 C] H H Z �-i O l0 l0 O Cl) rn d' O O O h h a; PI 7 w as o a w E a w O o O N ip � rn w tD rn LD w N O IDO o O O o o O O O O o o O o O o o O O o O h h In In J 7 O O N In O r rn H l0 a, �i �O a)r o (0 d' (O r l0 h l0 I o h I h In h h to rn rn to 10 O 0 O O In N O In o In In in r-1 In In Ln rl In In In N o N O N in O In In O O .1 O o In O In O O O O O O O W In O U%+ H z H U 0 0 0 0 r"i o 0 F-1 Fa w H Go o o H w a w a w z z a w H w w w H Fz w `z a x °x w vvCll a Wul H W If) a ul a O FC mEi z 0 H �j o N 0 o In 0 n�,! 0 N o C��! 0 N o Q In H 0 E H o O{ 3 O 0 O a 0 O a 0 `O� 0 O 0 In O 0 OH 0 0 O O ti U O p� p4 W M a a ep in LD r m rn O )n to r m o) O H H N N rn (31 • O rn N 0 •-� W U• W .'� H F4 � r N .--1 H r r N N 1 H H H r N I H r N H O r N E r r N H tD m N E to m N H 0 m N H 0 m N H 0 m N H O m N H O r N H p 0 m N P H tD m N ri EA O n N •-i H N D, o H z H O m H 0 0 o 0 O 0 rn 0 0 0 rn o 0 H r n d' to r O) m I 1n r 10 o 0 O n 0 0 d' .-i 0 0 0)tD d' 0 O m 0 O N d' 0 O 1f) o N ID r rn r ro a 0 .0 O O m H o 0o in � u�l o O10 r O ID H U U m N U W O pq �4 H O H 0 V' Z H r'1 •�. H0 Ei `l' Ei ° r>/) r>il Wa� aWW Ei N ww il r>In aW H N w Wa W 4 H Ei ; 8a H > r �+a U E r8a NU z N H 8a U) rl) u7 x > U] x 4 > rC rO H x 8a 14a FC H 8a FC EA 8a �C q N x w z EA 0 0 aao 00 0 N o WkWWWU ] 0 o0 rA w w G] [z z H a a a a a Q a Pi W W H H Q H H a m mrn m c9 UE O a Q o o N Mm�r rn rn D1 rn O) rn O) rn H 1 l� ma k o O a o rt ,! a' a w wm o a 0 w rn r r r n n O rn o) O W rt1 rn )tl 00 m co m ul �n m �fl H l0 r )Il r ul H �O , � n , 0 rn w rn tUD rn 0 n z rn O rn rn O O O tD rn O ID rn O 0 rn O ko rn O LD H N W If) O to Ifl O to If) O to Ifl O tD In o w ID ID W to ] 0 U 0 N )n )n f'1 r+1 )n r•1 )n r'1 O r�) O f'1 )n t' u) r'1 ul r'1 ul t+) i[) r'1 ifl r•1 H u) t`1 0 �n r-1 O N .-1 O N U H O H �1 r-1 O O .--I 'i H O ri e--1 O 'i H O .-i •-1 O H H O H H O H H O rl H O fi .-i O •-I O �i .-1 O .-i O In O )fl 0 ri H H H W O O z O Q H Q H Q H U H Q H o O x x x wW H N z z z z %. U U W O O O O v) E� Wz 'z 'z '�-• W a H H rUA w W W H o W Q W A evil H o � o �Hi H 0z� HU' w � w CH7 w � w CH7 w H m a O H f H y H z] W z z z U z H z H o p O 0 0 o) H .+ O 4 0 m 0 m 0 m 0 x 0 x 0 n n m m m o U H 0 0 H a m m H H a a m H a m H a O H a 0 H H s ifl .--I H a O .-) m O H w O I w O .-I m O H m O w U En0 0 H 0 H 0 2. rn 16 m m 'l • z rl d' ,n �D r m m o rl d' '� ,D . m 0 �o 0 r w O m lD LD f•l w .1 0 w r w w w w m O N W PO h H H H H ifl El El P H ,n O ,Il ,tl H H O r'1 H d' El ,n N H ,n N H O N H O O N N H H O i[1 N H m N N H H N O N H lD N lD a El �D 1D O N O O p ,n LLl 1'- r m h m m N ul .-, N m ,n f- r N tD .fl r i rt m N M1 O lD .-1 OD d n D z 0 O z w y Q � a H 0 � H P+ n+ m a a a+ w m U) a P+ w U O a W � w w H ul w � H v a H a � W a H •� w a w ran W 1-1 w H a V) H w H a vi a FAQ a s s o r)Q zD�� a a a a a a a a �Z a a zH U a a 'HHw a w°H ,l Q a w H a H w Ha H C-)W w Q V) H U1 H O O U ''� w w DI O U U V O H U U O O U U HM N 0 O O n n H Q H H z p Nl h O N H O N N H H O O N N e-1 ri O O N N fi H O O m m N H O H O r-i O H O 0 H O N . N N N F4 a p w w w 0 O H a o W a p N N H H H O O H O 0 H O m m m m m O O O O O O O O wH fO•i m w Op m,n mifl OlD 1D lD lD D O lD 10 W 1D .-, M n o .z M1 N lD m p lD m O ID m O to m m O 0 10 w m m O o 1D ID m O O ko r ri d' wD m O lD N m H H m H w H m H wD H m 10 a+ `--� 1D .-+ O h N O M1 N O M1 .-i o h t�l 0 r r•t H ] O O 0 ."1 ,fl rl e•1 �n Ifl .'1 r+) ,I1 ,fl rvt nt .-1 H O O O O O O 0 O 0 O 0 O 0 O O O O U � p O O O O O O O O O O O H H H z H H H 0 p O ,n ul z z o 0 0 0 o a W a G7 H H xWW H xWW H xWW N �x77 H Gx� H w a OR a OR m m z m m Q 04 ,a� 0 p `_° 0 `_" 0 `� 0 El `-z° 0 `-� m a w a u, m a uz a wp� O a O H V1 zz 0 Q zz 0 Q Ei 0 VJ HH 0 0 V) V7 H 0 0 V] Vl ,E.' 0 0 V1 V1 EnRC a U •� rC pay rE m vHi t/1 O u w0 H p i o p H OR£ p •-i r O O h r O O O O M1 r O O O O m m h h 0 O O O m In 0 w In o H m �n O E+ m to O H m ul O H m ,fl O H m �I1 p H m 0 O H o O H m O O H m o O H rn 0 0 N uJ my) m m m 17 (3) � O .i N H N Ma h h m h h �n h io h h r ao h h m . z � h h h r• h Ol 0 W x h H h H H h N H CO N H ao N H r- r N N H E+ h N H h N H m N H oo N H d' ao N H O ao N H O ro N H O ao N H O h H N >+ .z J O p H m itl O h d' a V' Ol m d' m d' rn O to ^ h Oi O O O O O O O l0 O d' m 04 Ol O O O m d' p O •'"� m m O M � H c H H O H m '�' H 10 0) z O H H p poH W a r a H pp H m m a a H FC FC pp a H pp F W O 1 El W H N p a FC H po w z w � m 5 N vl a FC 'L H H W m !n R: H A w a H a. �q >+ L� ai �A a vv)� FG w W W�77 w W Q w�ss]] o 0 to In Q O H A a. 2 z a� 0 w o 0 w o 0 Vl R 0 a VI z U' 41 rn a �' O > x L4 m O IA 3 N 3 m o o Ro 0: W C4 D H (n co'� �'' H m U� W [H+j a. P'. U H O W q Pi W N N M 0 O O O Q) CD O1 O, 0 � OD h c} m m M M �] H z 01 N H .i ri Ol 01 H rri a w � 7fy m o4 o o H w P4 W o O OD 0 O rn '{ N �D 10 o T �D Om 0 M O �n m m OD h M ul o O O 0 O O o O O o O O o O O a �n 0 O O H z .-1 � 61 � lD � m npi 01 �o Ol io w ifl �n o 0 uo m M 0 r m �o io m io N O� 0 w Ol 0 io d' 0 0 LD H 0 uo Ifl 0 io N d' 10 N U ifl ,yr in ry O .-1 O O O H O �n H O In N H O O d' d' M v) d' H �n N O O O .-i in M kO 1p m 1p �n l0 m d' O d' O U y' O O p O O O O O O O O O O O O O m U W O U W O U W0 O of w O U H U H 8 u �1 W z H z H RG z H �c z H FC 0 O x r q V1 m v77yy1 H H ��777 U1 w 9 v U) w 9 ua x U a o a mmm a z a z a ,� W a [Wir] CL4 H ai U (rY. U U U U) � r.0 O pW Oqq zaa zaa z z z z W z W 04 O .7 ,�1r.�Gj H O a FC O FC 3 Z 2 z z H 0 O 4 H O O H In n' µO; O N O M o In O In o 0 W W PH 0 " O O H 0 H O O H 0 In 0 O H 0 N 0 C4' H O " O a H o H o a H 0 H O a H 0 H O s H In O a H 18 to O1 r m 01 0 "D r m O N m O •7' r r r r r m m m m m m m m m m m m m 0) m 0 Z. rn rn \ rn N 'y' \ T CV U r m r r r r r r r r r r r r m m m r r m N N CA N N CA N N N N N N N N N N fJ N N N w m .-1 H H H H .-i H r+ H .-1 H rl H N H e l H r+ H r+ H .-1 H H H H H FA H eY H H H E+ H H P H 0 N O O m m O m O H C'1 ul O N r N O m r O O O p1 F-1 O O d� m Ol N 01 r1 .-1 111 Ol 01 N O O H N O O 1f1 0 7 E O CD In M O m d' .-1 N CD w d' T Ol 6 u'I O In In O O) ICl N r m '-1 N In r'1 I d' H 1 N N rl w N w k� 0 a N O N O n O 0 r.l O 0: O O y N iO In O CD 0 Ill n IIt 0 DI n O ai E H �o r a s off o c� w u E H z z w D m x a x x O H O O O x w O W m W m W m W w W m W m W m w m W m W m w w w a 0 M a O W 0 O W O H O O H z u u zWW N a a 4 a aww a a a a 0 a z u zW �' H z a z um z a H > q 7 wma w a bm H m a a y E w w U W O d' N d CP ri O In V- Ill In H ❑ Psi I In ul r'1 w m Ol m ID r Ol m r N r DC r N U I W CD D C. OD CD m r m m a N N a C•1 t'1 a N C'1 a d' m a rvl .-1 a r d' a m m N r Ill O a m Ol a Ill m a CD m rn m H q H 01 Ol Qr �i m H nl N N H O 0 0 0 0 O O O O O O O O N m N P+ m W m a 1 0 o w H a r r r+ 0 0 0 0 0 0 0 0 0 0 0 r 0 0 0 0 0 w n lD m CD m 0 O 0 O 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 O In 0 O 0 O 0 O 0 O 0 o 'X. O ID O CD O r O r O r O r O r O r O r O r O r O r O r O r O CD w CD r+l CD O r In CD In m N r m H N N N d' N N I'1 N r O 0 In In O o In In Irl ul In In 0 O O v/ vl In In N o H In fh U U .-I H H H H r1 .i H y' O 0 O 0 O O a 0 O O 0 O 0 O 0 O O O O 0 0 O O O 0 O 0 O O 0 O O H u H m O U rl m m m m w w w m m m m m U O U z w 0 H H H H H H H H H H H H w H o In U U U D u 'J u 5 U 5 U .7 U U .7 U D U U D U O U O � H H H H w w U 'Z, H 7. H ❑ 0 ❑ 0 ❑ 0 ❑ 0 ❑ 0 0 ❑ 0 ❑ 0 ❑ 0 Q ❑ 0 ❑ 0 ❑ 0 ❑ 0 0 z Z U' W [G 1 z c� w x w ac a x w x w a w x w ac a 04 w a w a w x a o x w yw w w yw z pq W H W Iw-1 PQ I,4 W W W W W W W W W W W W U m H a z 0 z o z u u u u u u u u u u u U w H > a r r w w w w w w w w w w w w w w w w w w w w w w w w o o o a w Naja O O O O O O O O O O O O W 4qOq a a�a 3 H 3 w Z E H ] 7 5 5 a a w0 O O o O O o 0 o O 0 0 o O O In O O O O 0 o O O O . O . O I O H O H O . O . O H O I O H O r O . r O .'+ O .-+ O .-+ O Ill O N O U H l 0 0 0 0 0 0 0 0 O O O 0 Z P. a w U H lC U a. E+ P'. E+ w D w O m D w D w D m O w O m O w O w D m D w D 9 W > 3 H 3 I9 rn rn m m m z rn rn rn r r m m m c9 w H H H H H N O1 Q1 m 6� N o z zrn O H H 0 H 1 H 10 �n a a O H N H r y' �a H w z z z w H o w w w w z u z w C1 U O 0 O 0 U U U U U UW n o �n rn m H Q Q ai W Ol N C r1 l0 LD rn r+l ul rn o N ra in H Q H N N H H 1D H Q z n O r O n O r O m ifl H Q a m m a 1 0 o li. H a W 0 0 0 0 0 0 0 o 1D m lD 10 lD D` rn rn Q1 m Z O 10 O 10 O 10 O Ln O 1D ri rn U U H H H H H y' OOOQQ H H H H H O 0 0 O 0 0 Ham' Ham' O O O �H' O O a z 0 0 0 0 0 U U U Fi x o wll� m W z O > 0 0 0 0 0 O H H H H H ° H a a z a a wx u u to r 0 O 0 N Hp� H H z w w Q H W W I P,0 ACCOUNTS PAYABLE - AP5005 CHECK REGISTER CITY OF LA QUINTA BANK ID: DEF CHECK CHECK VENDOR NUMBER DATE NO. NAME ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** 39538 12/28/99 &00978 MIGUEL DIAZ 39539 12/28/99 COA080 COACHELLA VALLEY WATER 39540 12/28/99 GTE010 GTE CALIFORNIA 39541 12/28/99 RIV045 RIVERSIDE CNTY ECONOMIC 39542 12/28/99 UNU050 UNUM LIFE INS 39543 12/28/99 WEL025 WELLS FARGO BANKCARD CHECK TOTAL 10:27AM 12/28/99 PAGE 1 PAYMENT AMOUNT 200.00 8736.72 361.81 5000.00 1498.55 425.73 16,222.81 21 dD 01 O z rn m co N Fes. H H H H F H H H H E H E H a N In OJ OJ In N lD lD O In M O H O OJ d' N N N O1 N N M lD O In r 7[�]• H O O M N O� .-a �'1' N r r r �O O dD In N O M N O d' d� M In a O N H O u M O r N O r O lD �-i O aD In O M D O D N W co Ul W W q o O p o WH H z H �H H H z U [O[�� P4 U U U U V w U U U V E H H w a r 5 > > R"i > > 'J .7 P'i Ui R'i a zo O a oao n1 W m On Ul H U1 m m v1 Q W nq Q H q a A ca p Q 1�C�47 x ]°c o o m Z 3 3 3 3 a H w a a a A a H W W i1 q p; V1 tJl UI U] O O N .-i N O o N rn o O O O O lo ID 10 O n In In o a � Pi a O p w In O N M In M m O O O O N O O w .-I O O O o N O O ID w O o O O OJ O O In h In In in In M O) h C' LD 1D M w M N w w M lD M LO M LD M 1p d' ID M N M �9 o M "t d' d' d' d' M M M M M O N o In in In in In in In in In In o 0 o o .� V o o O o O O O 0 o U ri 3 3 3 3 U 0 0 U H O W F H FC FC W W W 0 W pa w w `-1 z Q a a a a H H H H H H H (a W a W a m w o a w w w w w wa p wj co 0 o o o o o o o o o In o In a r OD ()o w N I .-i .-I ri 11 1 d' In N t Oo O O O O OWW OWW OWW O O O O H O O U O O WO H H WOW H WO H H H H r7 U W U U U U U' C7 C7 C9 C7 C7 a. O 22 ACCOUNTS PAYABLE - AP5005 CHECK REGISTER CITY OF LA QUINTA BANK ID: DEF CHECK CHECK VENDOR NUMBER DATE NO. NAME ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** 39530 12/21/99 ART090 ARTIFICIAL NATURE MAKERS 39531 12/21/99 BUI010 BUILDING HORIZONS 39532 12/21/99 CAL050 STATE OF CALIFORNIA 39533 12/21/99 INT005 INTERNAL REVENUE SVC-ACS 39534 12/21/99 LAQ050 LA QUINTA CITY EMPLOYEES 39535 12/21/99 RIV040 RIV CNTY DISTRICT ATTORNY 39536 12/21/99 SUP100 SUPPORT PAYMENT CLEARING- 39537 12/21/99 UNIO05 UNITED WAY OF THE DESERT CHECK TOTAL 3:38PM 12/21/99 PAGE 1 PAYMENT AMOUNT 431.00 92700.00 25.00 200.00 377.00 426.50 150.00 132.00 94,441.50 23 l� W H N rl d' ifl 1p • O� O� ri N H x N U o C� Ol Q) Oi 01 Ol Ol rn rn Qi rn rn -�4 PEI H H H H H H H El a n, r 0 0 0 0 0 0 0 0 0 0 O N H r•1 O O ul O r ip a N d' 0)0 0 0 0 0 0 0 0 0 0 0 0 0 1 o 0 ri c? �n v1 0 5 r- p io W o iv Q�"1 O H N O Q l� N O Ift rl 1" q $ WW FzI Hz H U H Hz W W `� z a C H o a o o o o o O O w z N N H a a a N a a a ,, a• a N a H a O H O t� Cs O q m O In In m O m O m O U H z H z Q z Q z Q z Q z Q z Q z a a Q o x w w w w w w Q w w H o a w p W z H W w o q N P a w w w 0 o o o w Ei a o 0 0 0 0 0 0 0 w o 0 0 0 0 0 0 0 O O o O O O O O OJ l0 N N N N N N r o 0 0 0 0 0 0 0 0 0 0 0 o O U U H ifl H H H H H O O O O O H N H H H H H .-i >Z4 U ul WWW ap zPi a 7 M i£C F4 �7 14 CO W zp M p ] H H xO H z a o H v z o o a w a w [] �D a u w H W o H H d [� > 134 �a o]o ai z xH vi Hn p Wz > 0 0 0 0 0 �n y p 0)1 O O in O 0 O O 0 0 i 0 O r>4 24 ACCOUNTS PAYABLE - AP5005 CHECK REGISTER CITY OF LA QUINTA BANK ID: DEF CHECK CHECK VENDOR NUMBER DATE NO. NAME ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** 39526 12/16/99 ART090 ARTIFICIAL NATURE MAKERS 39527 12/16/99 CAN050 CANADA LIFE ASSURANCE CO 39528 12/16/99 COA080 COACHELLA VALLEY WATER 39529 12/16/99 TRA030 TRANSAMERICA INSURANCE CHECK TOTAL 10:53AM 12/16/99 PAGE 1 PAYMENT AMOUNT 2801.50 496.63 3300.00 51.38 6,649.51 25 m rn N w rEr�, U3 H H H H W P ID N O M O OD p H vi io o M H H (D o o rn o �n » O aD N M M n d 0 M O aD 0 O M 1 Goo N H H M � C�7 H w o n E Wz Ei ca ,Oy pH, a ul a. U H H H z N Z [za �7 (0 W W r� u i H n w a m a W ❑ x O 0 O W O � M � H "L m 1I1 h a; w w a i O O W H � 0 o M o z 40 M N o 10 M N r o 0 0 n o rn 0 p M o D 0 U p H H H H O H 3 .Q w z z w u W a W H 7 z u a F4 a7 a rya o+ H 0 O "t' of 0 if'1 OD M CD CO.. H H a' I nr, A/P AP6002 CHECKS TO BE VOIDED 11:11AM 12/22/99 CITY OF LA QUINTA BANK ID: DEF PAGE 1 CHECK BK INVOICE VENDOR VENDOR NUMBER ID DATE AMT. PAID NUMBER NAME 38550 DEF 09/15/99 20.00 &00894 MICHEL FERRIER TOTAL VOIDED 20.00 INVOICE DESCRIPTION REFUND CLASS 27 Tity/ 4 4 Q" COUNCIL/RDA MEETING DATE: ITEM TITLE: January 4, 2000 Consideration of the Comprehensive Annual Financial Report for the year ended June 30, 1999 RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Approve, receive and file the Comprehensive Annual Financial Report for the year ended June 30, 1999 (Attachment 1). See City Council Staff Report '. ATTACHMENT NO. 1 1 0 1i L 1 L LA QUINTA REDEVELOPMENT AGENCY Financial Statements and Supplemental Data Year ended June 30, 1999 (with Independent Auditors' Report Thereon) t 0 G3 LA QUINTA REDEVELOPMENT AGENCY ' Financial Statements and Supplemental Data Year ended June 30, 1999 ' TABLE OF CONTENTS Page ' Independent Auditors' Report 1 Financial Statements: • Combined Balance Sheet - All Fund Types and Account Groups 4 • Combined Statement of Revenues, Expenditures and Changes ' in Fund Balances - All Governmental Fund Types 5 • Combined Statement of Revenues, Expenditures and Changes ' in Fund Balances - Budget and Actual - All Governmental Fund Types 6 • Notes to the Financial Statements 8 Required Supplementary Information 25 Supplemental Data: Special Revenue Funds: • Combining Balance Sheet 28 1 Statement Revenues, Changes • Combining of Expenditures and in Fund Balances 29 ' Debt Service Funds: ' • Combining Balance Sheet 30 • Combining Statement of Revenues, Expenditures and Changes in Fund Balances 31 ' Capital Projects Funds: ' • Combining Balance Sheet 32 • CombiningStatement of Revenues Expenditures and Changes � P in Fund Balances 33 Internal Control Over Financial Reporting Report on Compliance and on Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 34 0GJ CONRADV%0 CERTIFIED PUBLIC ACCOUNTANTS ' 1100 MAIN STREET, SUITE C ASSOCIATES, L.L.P. I IRVINE, CALIFORNIA 92614 ' (949) 474-2020 Fax (949) 263-5520 Board of Directors ' La Quinta Redevelopment Agency La Quinta, California INDEPENDENT AUDITORS' REPORT We have audited the accompanying financial statements of the La Quinta Redevelopment Agency, a component unit of the City of La Quinta, California as of and for the year ended June ' 30, 1999, as listed in the table of contents. These financial statements are the responsibility of the management of the La Quinta Redevelopment Agency. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, ' on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above prevent fairly, in all material respects, the financial position of the La Quinta Redevelopment Agency at June 30, 1999, and the results ' of its operations for the year then ended, in conformity with generally accepted accounting principles. ' The supplementary information regarding the year 2000 issue presented on page 25 is not a required part of the basic financial statements, but is supplementary information required by the Governmental Accounting Standards Board. We did not audit and do not express an opinion on t such information. Further, we were unable to apply to this information the procedures prescribed by professional' standards because of the difficulty in ascertaining whether the information presented includes a sufficiently complete description of the year 2000 issue as it relates to the reporting government. In addition, we do not provide assurance that the La Quinta ' Redevelopment Agency is or will become year 2000 compliant, that the Agency's year 2000 remediation efforts will be successful in whole or in part, or that parties with which the Agency does business are or will become year 2000 compliant. ' Our audit was made for the purpose of forming an opinion on the financial statements taken as a whole. The supplemental data listed in the table of contents is presented for purposes of additional analysis and is not a required part of the financial statements of the La Quinta ' Redevelopment Agency. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and, in our opinion, is fairly presented in all material respects in relation to the financial statements taken as a whole. 007 ' MEMBERS OF AICPA AND'CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS MEMBER OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS PRIVATE COMPANIES PRACTICE SECTION Board of Directors La Quinta Redevelopment Agency Page Two In accordance with Government Auditing Standards, we have also issued a report dated August 13, 1999 on our consideration of the Agency's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts and grants. �sr�ads,•�/J�mu�� L. G. August 13, 1999 2 008 LA QUINTA REDEVELOPMENT AGENCY Combined Balance Sheet - All Fund Types and Account Groups June 30, 1999 Governmental Fund Types Account Groups General General Totals Special Debt Capital Fixed Long -Term (Memorandum Only) Assets and Other Debits Revenue Service Projects Assets Debt 1999 1998 Assets: Cash and investments (note 3) $ 5,950,451 3,641,336 2,384,351 - - 11,976,138 12,022,037 Cash with fiscal agent (note 3) 6,110,194 183,946 7,909,930 - - 14,204,070 16,082,890 Accounts receivable 44,006 - 60,900 - - 104,906 104,570 Interest receivable 229,099 37,465 23,619 - - 290,183 177,582 Notes receivable (note 4) 2,556,508 - 112,343 - - 2,668,851 2,528,967 Due from other funds (note 5) - - 591 - - 591 62,192 Due from other governments - 11 - - - 11 - Advances to other funds (note 6) 551,038 - - - - 551,038 551,038 Property, plant and equipment (note 7) - - - 10,233,506 - 10,233,506 11,438,745 Other debits: Amount available in debt service funds - - - - 3,306,726 3,306,726 4,286,709 Amount to be provided for retirement of long-term debt - - - - 94,586,137 94,586,137 96,690,084 Total assets and other debits $ 15,441,296 3,862,758 10,491,734 10,233,506 97,892,863 137,922,157 143,944,814 Liabilities. Equity and Other Credits Liabilities: Accounts payable $ 40,807 4,403 9,718 - - 54,928 87,894 Accrued expenses - - - - - - 504,731 Deposits payable 15,596 - - - - 15,596 14,426 Due to other funds (note 5) - 591 - - - 591 62,192 Due to the City of La Quinta 775,406 - 71 - - 775,477 162,702 Advances from other funds (notes 6) - 551,038 - - - 551,038 551,038 Long-term debt (notes 9 through 15) - - - - 97,892,863 97,892,863 100,976,793 Total liabilities 831,809 556,032 9,789 - 97,892,863 99,290,493 102,359,776 Equity and other credits: Investment in general fixed assets - - 10,233,506 - 10,233,506 11,438,745 Fund balances: Reserved for. Debt service - 3,306,726 - - - 3,306,726 4,286,709 Bond projects 6,110,194 - 7,909,930 - - 14,020,124 16,008,655 Advances to other funds 551,038 - - - - 551,038 551,038 Notes receivable 2,556,508 - 112,343 - - 2,668,851 2,528,967 Unreserved: Designations 6,003,850 - 2,459,672 - - 8,463,522 6,851,646 Undesignated (612,103) - - - - (612,103) (80,722) Total equity and other'credits 14,609,487 3,306,726 10,481,945 10,233,506 - 38,631,664 41,585,038 Total liabilities, equity and other credits $ 15,441,296 3,862,758 _10,491,734 10,233,506 97,892,863 _137,922,157 _143,944,814 See accompanying notes to financial statements. 4 010 ' LA QUINTA REDEVELOPMENT AGENCY Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types ' Year ended June 30, 1999 ' Special Debt Capital Totals (Memorandum Only) Revenue Service Projects 1999 1998 Revenues: ' Taxes $ 3,592,472 14,369,887 - 17,962,359 16,269,234 Developer fees 638,215 - 5,000 643,215 11,127 Investment income 1,044,786 212,862 274,710 1,532,358 1,079,031 ' Rental income 414,236 414,236 395,414 Gain (loss) on sale of land 195,945 195,945 (22,678) Litigation settlement proceeds - - 821,589 821,589 204 ' Total revenues 5,885,654 14,582,749 1,101,299 21,569,702 17,732,332 Expenditures: Current: Planning and development 2,704,025 261,530 677,515 3,643,070 3,584,866 Capital projects - - - - 2,691,777 Debt service: ' Principal - 3,160,000 - 3,160,000 1,675,000 Interest - 4,561,667 - 4,561,667 4,584,546 ' Payments under pass -through obligations - 8,728,082 - 8,728,082 9,255,220 Total expenditures 2,704,025 16,711,279 677,515 20,092,819 21,791,409 Excess (deficiency) of revenues over (under) expenditures 3,181,629 (2,128,530) 423,784 1,476,883 (4,059,077) ' Other financing sources (uses): Operating transfers in - 1,569,263 1,397,868 2,967,131 7,148,980 Operating transfers out (1,302,637) (1,254,118) (410,376) (2,967,131) (7,148,980) ' Transfers from the City of La Quinta - - - 25,570 Transfers to the City of La Quinta (3,501,574) _ (556,846) (4,058,420) Proceeds of bonds (net of issuance costs) - - - - 21,565,688 Payments to refunded bond escrow agent - _ - (13,430,939) ' Proceeds of advances from City 833,402 833,402 810,006 1 1 1 1 Total other financing sources (uses) (4,804,211) 1,148,547 430,646 (3,225,018) 8,970,325 Excess (deficiency) of revenues and other financing sources over (under) expenditures and other financing uses (1,622,582) (979,983) 854,430 (1,748,135) 4,911,248 Fund balances at beginning of year 16,232,069 4,286,709 9,627,515 30,146,293 25,235,045 Fund balances at end of year $ 14,609,487 3,306,726 10,481,945 28,398,158 30,146,293 See accompanying notes to financial statements. O i 1 5 LA QUINTA REDEVELOPMENT AGENCY Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - All Governmental Fund Types Year ended June 30, 1999 Revenues: Taxes Developer fees Investment income Rental income Gain (loss) on sale of land Litigation settlement proceeds Total revenues Expenditures: Current: Planning and development Debt service: Principal Interest Payments under pass -through obligations Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Operating transfers in Operating transfers out Transfer to the City of La Quinta Proceeds of advances Total other financing sources (uses) Excess (deficiency) of revenues and other financing sources over (under) expenditures and other financing uses Fund balances at beginning of year Fund balances at end of year Special Revenue Funds Variance Favorable/ Budget Actual (Unfavorable) $ 3,429,250 3,592,472 163,222 - 638,215 638,215 422,500 1,044,786 622,286 341,000 414,236 73,236 150,000 195,945 45,945 4,342,750 5,885,654 1,542,904 3,501,426 2,704,025 797,401 3,501,426 2,704,025 797,401 841,324 3,181,629 2,340,305 (3,219,687) (1,302,637) 1,917,050 (8,613,984) (3,501,574) 5,112,410 (11,833,671) 4 804 211 7,029,460 (10,992,347) (1,622,582) 92369,765 16,232,069 16,232,069 - $ 5,239,722 14,609,487 91369,765 See accompanying notes to financial statements. C F, 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Debt Service Funds Variance Favorable/ Budget Actual (Unfavorable) 13,716,999 14,369,887 652,888 - 212,862 212,862 865,750 14,582,749 13,716,999 280,350 261,530 18,820 3,160,000 3,160,000 - 4,561,667 4,561,667 - 8,675,938 8,728,082 (52,144) 16,677,955 16,711,279 (33,324) (2,960,956 2 128 530 832,426 2,077,475 1,569,263 (508,212) (1,254,118) (1,254,118) - 833,402 833,402 - 1,656,759 1,148,547 (508,212) (1,304,197) (979,983) 324,214 4,286,709 4,286,709 - 2,982,512 3,306,726 324,214 7 Capital Projects Funds Variance Favorable/ Budget Actual (Unfavorable) - 5,000 5,000 216,800 274,710 57,910 - 821,589 821,589 216,800 1,101,299 884,499 2,873,836 677,515 2,196,321 2,873,836 677,515 2,196,321 (2,657,036) 423,784 3,080,820 1,254,118 1,397,868 143,750 (5,218,529) (410,376) 4,808,153 (556,846) (556,846) - (4,521,257) 430,646 4,951,903 (7,178,293) 854,430 8,032,723 9,627,515 9,627,515 - 2,449,222 10,481,945 8,032,723 013 LA QUINTA REDEVELOPMENT AGENCY Notes to the Financial Statements June 30, 1999 (1) Summga of Significant Accounting Policies The following is a summary of the significant accounting policies of the La Quinta Redevelopment Agency: (a) Fund Accounting The basic accounting and reporting entity is a "fund". A fund is defined as an independent fiscal and accounting entity with a self -balancing set of accounts, recording resources, related liabilities, obligations, reserves and equities segregated for the purpose of carrying out specific activities or attaining certain objectives in accordance with special regulations, restrictions or limitations. The accounting records of the Agency are organized on the basis of funds and account groups classified for reporting purposes as follows: GOVERNMENTAL FUNDS Special Revenue Funds The Special Revenue Funds consist of the Low and Moderate Income Housing Funds of the Redevelopment Agency and are used to account for the portion of the Agency's tax increment revenue that is legally restricted for increasing or improving housing for low or moderate income households. Debt Service Funds The Debt Service Funds account for tax increment revenues, bond proceeds and any related interest income required to be set aside for future debt service. The funds are used to repay principal and interest on indebtedness of the Agency. Under provisions of the Health and Safety Code and the Agency's bond resolutions, these funds are referred to as "Special Funds". Capital Projects Funds The Capital Projects Funds account for bond proceeds available for project improvements, interest income on invested funds and certain other income. The funds are expended primarily for redevelopment project costs and administrative expenses. Under provisions of the Health and Safety Code and the Agency's bond resolutions, these funds are referred to as "Redevelopment Funds". 014 1 ' LA QUINTA REDEVELOPMENT AGENCY ' Notes to the Financial Statements (Continued) ' (1) Summary of Significant Accounting Policies. (Continued) ACCOUNT GROUPS ' General Long -Term Debt Account Group This account group is used to account for all long-term debt of the Agency. The proceeds of the indebtedness are recorded in the Capital Projects (Redevelopment) funds and serve as a financing source for redevelopment expenditures. ' General Fixed Assets Account Group The General Fixed Assets Account Group is used to account for the cost of fixed assets acquired to perform general government functions. ' Assets purchased are recorded as expenditures in the governmental funds and capitalized at cost in the general fixed assets account group. Contributed fixed assets are recorded in general fixed assets at fair market value at the time received. Fixed assets acquired under a capital lease are recorded at the net present value of future lease payments. No depreciation has been provided on general fixed assets. I(b) Basis of Accounting ' The modified accrual basis of accounting is utilized by all funds of the Agency. Under the modified accrual basis of accounting, expenditures are recorded when a current liability is incurred and revenues are recorded when received in cash unless ' susceptible to accrual (i.e., measurable and available to finance the Agency's operations). ' (c) Relationship to the City of La Ouinta The Agency is an integral part of the reporting entity of the City of La Quinta. The funds and account groups of the Agency have been included within the scope of the financial statements of the City because the City Council of the City of La Quinta exercises oversight responsibility over the operations of the Agency. Only the funds and account groups of the Agency are included herein and these financial statements, and therefore, do not purport to represent the financial position or results of .operations of the City of La Quinta, California. 01J FI L LA QUINTA REDEVELOPMENT AGENCY ' Notes to the Financial Statements ' (Continued) (11 Summary of Significant Accounting Policies. (Continued) (d) Cash and Investments Investments are reported in the accompanying balance sheet at fair value. ' Changes in fair value that occur during a fiscal year are recognized as investment income reported for that fiscal year. Investment income includes interest earnings, changes in fair value, and any gains or losses realized upon the liquidation or sale of investments. (e) Budgetary Reporting ' The Agency adopts an annual budget prepared on the modified accrual basis for all ' of its governmental funds. (f) Memorandum Only Totals Columns in the accompanying financial statements captioned "Totals (Memorandum ' Only)" are not necessary for a fair presentation of the financial statements in accordance with generally accepted accounting principles, but are presented as ' additional analytical data. (2) Organization and Tax Increment Financing I Redevelopment Goals and Obiectives The general objective of the Redevelopment Plan adopted by the Agency is to encourage ■ investment in the Redevelopment Project Areas by the private sector. The Redevelopment Plan provides for the demolition of buildings and improvements, the relocation of any , displaced occupants, and the construction of streets, parking facilities, utilities and other public improvements. The Redevelopment Plan also includes the ability to redevelop land by private enterprise or public agencies, the rehabilitation of structures, the rehabilitation or construction of single family and low and moderate income housing, and participation by owners and tenants of properties in the Redevelopment Project. Redevelopment Proiect Areas The Agency has established two redevelopment project areas. On November 29, 1983 the City Council approved and adopted the Redevelopment Plan for the La Quinta ' Redevelopment Project Area No. 1. On May 16, 1989 the City Council approved and adopted the Redevelopment Plan for the La Quinta Redevelopment Project Area No. 2. These plans provide for the elimination of blight and deterioration which was found to exist in the project areas. ' �1t7 10 , I. LA QUINTA REDEVELOPMENT AGENCY ' Notes to the Financial Statements (Continued) I (2) Organization and Tax Increment Financing, (Continued) The Coachella Valley Water District is jointly financing projects with the Agency to help ' prevent the potential flooding of the project areas. Tax Increment Financing The Law provides a means for financing redevelopment projects based upon an allocation of taxes collected within a redevelopment project. The assessed valuation of a redevelopment project last equalized prior to adoption of a redevelopment plan or amendment to such ' redevelopment plan, or "base roll', is established and, except for any period during which the assessed valuation drops below the base year level, the taxing bodies, thereafter, receive the taxes produced by the levy of the current tax rate upon the base roll. Taxes collected upon any increase in assessed valuation over the base roll ("tax increment") are paid and ' may be pledged by a redevelopment agency to the repayment of any indebtedness incurred in financing or refinancing a redevelopment project. Redevelopment agencies themselves have no authority to levy property taxes. (3) Cash and Investments ' Cash and investments held by the Agency at June 30, 1999 consisted of the following: State of California Local Agency Investment Fund $ 4,944,921 ' Equity in City cash and investment pool 7,031,217 Total cash and investments held by the Agency $11,976,13 8 ' Cash and investments held b ,fiscal agent at June 30 1999 consisted of the following: Y g � g. ' United States Treasury Notes $11,049,252 Mutual funds - First American Treasury Obligations 3,154,818 ' Total cash and investments held by fiscal agent $14,204,070 1 1 017 LA QUINTA REDEVELOPMENT AGENCY Notes to the Financial Statements (Continued) (3) Cash and Investments. (Continued) The City and its component units are authorized by its investment policy to invest in the following types of investments: Investment Tune Maximum % Savings/operating accounts 85% Local Agency Investment Fund (LAIF) 35% U.S. government and agency securities 75% Commercial Paper 30% Mutual Funds 20% Certificates of Deposit 60% Investments of cities in securities are classified in three categories to give an indication of the level of custodial risk assumed by the entity. Category 1 - includes investments that are insured or registered or for which the securities are held by the City or the City's custodial agent (which must be a different institution other than the party through which the City purchased the securities) in the City's name. Investments held "in the City's name" include securities held in a separate custodial or fiduciary account and identified as owned by the City in the custodian's internal accounting records. Category 2 - includes uninsured and unregistered investments for which the securities are held in the City's name by the dealer's agent (or by the trust department of the dealer if the dealer was a financial institution and another department of the institution purchased the securities for the City.) Category 3 - includes uninsured and unregistered investments for which the securities are held by the dealer's trust department or agent, but not in the City's name. Category 3 also includes all securities held by the broker -dealer agent of the City (the party that purchased the securities for the City) regardless of whether or not the securities are being held in the City's name. 013 12 I. iLA QUINTA REDEVELOPMENT AGENCY Notes to the Financial Statements (Continued) (3) Cash and Investments, (Continued) Category 1 2 3 CgMing Amount Investments held by fiscal agent: U.S. Treasury Notes $— 11,049,252 - 11,049,252 Investments held by the City not subject to categorization: Investment in State of California Local ' Agency Investment Fund 4,944,921 Equity in City cash and investment pool 7,031,217 Investments held by fiscal agent not subject to categorization: Investment in mutual funds: First American Treasury Obligations 3,154,818 $26,180,208 The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the State of California. The fair value of the City's investment in this pool is reported in the accompanying financial statements at amounts based upon the City's pro-rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relation to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis. Included in LAIF's investment portfolio are collateralized mortgage obligations, mortgage - backed securities, other asset -backed securities, loans to certain state funds, and floating rate securities issued by federal agencies, government -sponsored enterprises, and corporations. 1 (4) Notes Receivables In September 1994, the Agency sold certain real property to E.G. Williams Development Corporation for $2,112,847. The property was used to construct single-family homes and rental units to increase the City's supply of low and moderate income housing. The note bear interest at 6% per annum and is due in full on June 15, 2029. At June 30, 1999, the ' outstanding balance plus accrued interest is $2,556,508. At June 30, 1999, the total outstanding balance of all notes receivable (including other notes aggregating $112,343) is $2,668,851. 1 0119 1 13 LA QUINTA REDEVELOPMENT AGENCY Notes to the Financial Statements (Continued) (5) Due From and To Other Funds Current interfund receivables and payables balances at June 30, 1999 are as follows: Debt Service Fund: Redevelopment Agency - PA No. 2 Capital Projects Fund: Redevelopment Agency - PA No. 2 6) Advances to and From Other Funds Current Current Interfund Interfund Receivables Payables $ - 591 591 591 591 The Agency elected to borrow $511,903, and $39,135 from Project Area No. 1 and Project Area No. 2, respectively, of the Low/Moderate Income Housing Funds to make the ERAF payment in fiscal year ended June 30, 1994. The Redevelopment Agency Project Area No. 1 and Project Area No. 2 Debt Service Funds will repay the Low/Moderate Income Housing Special Revenue Funds. The Agency has ten years to repay this loan. The Agency has elected to make repayment in the tenth year (2003-04). (7) Changes in General Fixed Assets The Agency has purchased land which is intended to be used for community facilities. A summary of general fixed assets transactions for the fiscal year ended June 30, 1999 is as follows: Balances at Balances at July 1. 1998 Additions Deletions June 30, 1999 Land $11,438,745 - (1,205,239) 10,233,506 14 I. LJ n J LA QUINTA REDEVELOPMENT AGENCY Notes to the Financial Statements (Continued) (8) Property Taxes Under California law, property taxes are assessed and collected by the counties up to 1 % of assessed value, plus other increases approved by the voters. The property taxes are recorded initially in a pool, and are then allocated to the cities based on complex formulas. Accordingly, the City of La Quinta accrues only those taxes which are received from the County within sixty days after year end. Lien date Levy date Due dates Collection dates March 1 June 30 November 1 and February 1 December 10 and April 10 The La Quinta Redevelopment Agency's primary source of revenues'comes from property taxes. Property taxes allocated to the Agency are computed in the following manner: (a) The assessed valuation of all property within the project area is determined on the date of adoption of the Redevelopment Plan. (b) Property taxes related to the incremental increase in assessed values after the adoption of the Redevelopment Plan are allocated to the Agency; all taxes on the "frozen" assessed valuation of the property are allocated to the City and other districts. ' The Agency has no power to levy and collect taxes and any legislative property tax shift might reduce the amount of tax revenues that would otherwise be available to pay the principal of, and interest on, debt. Broadened property tax exemptions could have a similar ' effect. Conversely, any increase in the tax rate or assessed valuation, or any reduction or elimination of present exemptions would increase the amount of tax revenues that would be available to pay principal and interest on debt. fl 15 LA QUINTA REDEVELOPMENT AGENCY Notes to the Financial Statements (Continued) (9) General Long -Term Debt Changes in general long-term debt for the year ended June 30, 1999, were as follows: Balance at Balance at July 1, 1998 Additions Deletions June 30, 1999 Project Area No. 1: Tax allocation bonds $ 39,885,000 - (1,035,000) 38,850,000 Housing tax allocation bonds 17,429,406 - (257,128) 17,172,278 Pass through agreements payable: Due to County of Riverside 10,322,052 - (205,815) 10,116,237 Coachella Valley Unified School District 10,690,125 - (621,976) 10,068,149 Advances from City of La Quinta 4,014,837 371,521 (800,000) 3,586,358 Project Area No. 2: Tax allocation bonds 6,750,000 - - 6,750,000 Housing tax allocation bonds 4,710,594 - (67,872) 4,642,722 Due to County of Riverside 2,279,540 70,460 - 2,350,000 Advances from City of La Quinta 4,895,239 461,880 1 000 000 4,357,119 Total long-term debt $100,976,793 903,861 3 987 791 97.892,863 (10) Tax Allocation Bonds Tax Allocation Refunding Bonds, Series 1994 Tax allocation refunding bonds, Series 1994, in the amount of $26,665,000 were issued by the Agency to refund the outstanding aggregate principal amount of the Agency's Tax Allocation Bonds, Series 1989 and 1990. The remaining proceeds were used to finance certain capital improvements within the La Quinta Redevelopment Project Area No. 1. Interest rates on the bonds ranges from 3.80% to 8% and are payable semi-annually on March 1 and September 1 of each year until maturity. The interest and principal of the bonds are payable solely from pledged tax increment revenues. The bonds are not subject to redemption prior to maturity. A portion of the proceeds was used to obtain a surety agreement to satisfy the bond reserve requirement. The principal balance of outstanding bonds at June 30, 1999 is $23,090,000. ' LA QUINTA REDEVELOPMENT AGENCY Notes to the Financial Statements (Continued) ' (10) Tax Allocation Bonds, (Continued) Tax Allocation Refunding Bonds, Series 1994, (Continued) ' A portion of the bond proceeds, in the amount of $27,922,526, was deposited in an irrevocable trust with an escrow agent to provide for all future debt service payments on the 1989 and 1990 Tax Allocation Bonds. As a result, the bonds are considered to be defeased and the liability for those bonds has been removed from the general long-term debt account group. As of June 30, 1999, $15,250,000 of 1990 defeased bonds are outstanding. Tax Allocation Refunding Bonds Series 1998 - Project Area No. 1 Tax allocation refunding bonds, Series 1998, in the amount of $15,760,000 were issued by the Agency to refund the outstanding aggregate principal amount of the Agency's Tax Allocation Bonds, Series 1991. The remaining proceeds were used to finance certain capital improvements within the La Quinta Redevelopment Project Area No. 1. Interest rates on the bonds range from 5.20% to 5.25% and are payable semi-annually on ' March 1 and September 1 of each year until maturity. The interest and principal of the bonds are payable from pledged tax increment revenues on a parity with the Agency's previously issued Tax Allocation Refunding Bonds, Series 1994. ' Term Bonds maturing September 1, 2028 are subject to mandatory sinking fund redemption, in part by lot, on September 1, 2013 and on each September 1 thereafter, through September 1, 2028, at a price equal to the principal amount thereof plus accrued interest. A portion of the proceeds was used to obtain a surety agreement to satisfy the bond reserve requirement. The principal balance of outstanding bonds at June 30, 1999 is $15,760,000. ' A portion of the bond proceeds, in the amount of $7,822,592, was deposited in an irrevocable trust with an escrow agent to provide for all future debt service payments on the 1991 Tax Allocation Bonds. As a result, the bonds are considered to be defeased and ' the liability for those bonds has been removed from the general long-term debt account group. As of June 30, 1999, $7,205,000 of the defeased bonds are outstanding. tTax Allocation Refunding Bonds, Series 1998 - Project Area No. 2 Tax allocation refunding bonds, Series 1998, in the amount of $6,750,000 were issued by ' the Agency to refund the outstanding aggregate principal amount of the Agency's Tax Allocation Bonds, Series 1992. The remaining proceeds were used to finance certain capital improvements within the La Quinta Redevelopment Project Area No. 2. 17 043 LA QUINTA REDEVELOPMENT AGENCY Notes to the Financial Statements (Continued) (10) Tax Allocation Bonds. (Continued) Tax Allocation Refunding Bonds, Series 1998 - Project Area No. 2, (Continued) Interest rates on the bonds range from 3.75% to 5.25% and are payable semi-annually on March 1 and September 1 of each year until maturity. The interest and principal of the bonds are payable solely from pledged tax increment revenues of Project Area No. 2. Term Bonds maturing September 1, 2028 and September 1, 2033 are subject to mandatory sinking fund redemption, in part by lot, on September 1, 2009 and September 1, 2019, respectively, and on each September 1 thereafter at a price equal to the principal amount thereof plus accrued interest. A portion of the proceeds was used to obtain a surety agreement to satisfy the bond reserve requirement. The principal balance of outstanding bonds at June 30, 1999 is $6,750,000. A portion of the bond proceeds, in the amount of $5,608,347, was deposited in an irrevocable trust with an escrow agent to provide for all future debt service payments on the 1992 Tax Allocation Bonds. As a result, the bonds are considered to be defeased and the liability for those bonds has been removed from the general long-term debt account group. As of June 30, 1999, $5,240,000 of the defeased bonds are outstanding. (11) 1995 Housing Tax Allocation Bonds La Quinta Redevelopment Project Areas Nos. 1 and 2 1995 Housing Tax Allocation Bonds, were issued by the Agency, July 1, 1995, in the amount of $22,455,000 to increase, improve and/or preserve the supply of low and moderate income housing in the City. . Interest is payable semi-annually on March 1 and September 1 of each year commencing March 1, 1996. Interest payments range from 4% to 6% per annum. Tern Bonds maturing on September 1, 2025 are subject to mandatory sinking fund r...mption, in part by lot, on September 1, 2011 and on each September 1, thereafter, through September 1, 2025, at a price equal to the principal amount plus accrued interest. A portion of the proceeds was used to obtain a surety agreement to satisfy the bond reserve requirement. The principal balance of outstanding bonds at June 30, 1999 is $21,815,000. 0 W2- l8 ' LA QUINTA REDEVELOPMENT AGENCY Notes to the Financial Statements (Continued) 7 L ' (12) Due to County of Riverside Proiect Area No. 1 ' Based on an agreement amended December 21, 1993 between the Agency, the City of La Quinta, and the County of Riverside (County), the Agency will pay to the County $10,517,138 from tax increment revenue relating to Project Area No. 1. This agreement ' is in consideration of the tax revenues lost by the County as a result of the formation of Project Area No. 1. The tax increment is to be paid to the County over a payment schedule through June 30, 2006 in annual amounts ranging from $386,764 to $2,190,473. ' Unpaid balances accrue interest at 5.5% per annum. The balance at June 30, 1999 is $10,116,235. ' Project Area No. 2 Based on an agreement dated July 5, 1989 between the Agency and the County, until the tax increment reaches $5,000,000 annually in Project Area No. 2, the Agency will pay to the County 50% of the County portion of tax increment. At the County's option, the County's pass -through portion can- be retained by the Agency to finance new County ' facilities or land costs that benefit the County and serve the La Quinta population. Per the agreement, the Agency must repay all amounts withheld from the County. The tax increment is to be paid to the County in amounts ranging from $100,000 to $250,000 over a payment schedule through June 30, 2015. Interest does not accrue on this ' obligation. The balance at June 30, 1999 is $2,350,000. ' (13) Notes Payable to Coachella Valley Unified School District An agreement was entered into in 1991 between the Agency, the City of La Quinta and the Coachella Valley Unified School District (District) which provides for the payment to ' the District of a portion of tax increment revenue associated with properties within District confines. Such payments are subordinate to other indebtedness of the Agency incurred in furtherance of the Redevelopment Plan for Project Area No. 1. This tax ' increment is paid to the District over a payment schedule through August 1, 2012 in amounts ranging from $474,517 to $834,076 for a total amount of $15,284,042. Tax increment payments outstanding at June 30, 1999 totaled $10,068,149. The District ' agrees to use such funds to provide classroom and other construction costs, site acquisition, school buses, expansion or rehabilitation of current facilities. 1 1 ' 19 0 ; 5 LA QUINTA REDEVELOPMENT AGENCY Notes to the Financial Statements (Continued) (14) Advances from the City of La Quinta The following represents a summary of the various transactions between the City of La Quinta and the Agency, accounted for as advances from the City: Balances at Balances at July 1, 1998 Proceeds Repayments June 30, 1999 Agency expenditures incurred by the City: Project Area No. 1 $4,014,837 371,521 (800,000) 3,586,358 Project Area No. 2 4,895,239 461,880 1 000 000 4,357,119 Totals JaIL0,076 833.401 1 800 000 7,943,477 There is no stipulated repayment date established for the City advance. Interest is paid at 10% per year. 15) Debt Service Requirements to Maturi The minimum annual requirements (including sinking fund requirements) to amortize the long-term debt of the Agency as of June 30, 1999 are as follows (advances payable to the City have been excluded since minimum annual debt service payments have not been established): 0 02 6 20 11 1 rI LA QUINTA REDEVELOPMENT AGENCY Notes to the Financial Statements (Continued) 15) Debt Service Reauirements to Maturitv. (Continued Redevelopment Agency RDA RDA PA No. 1 Proiect Area No. 1 PA No. 2 and No. 2 Tax Tax Tax Allocation Allocation Allocation 1995 Bonds Bonds Bonds Housing Tax Fiscal Series Series Series Allocation Year 1994 1998 1998 Bonds 1999-00 $ 2,624,696 819,520 420,507 1,592,570 2000-01 2,624,885 819,520 417,467 1,592,187 2001-02 2,620,315 819,520 419,249 1,590,690 2002-03 2,620,855 819,520 420,747 1,592,820 2003-04 2,599,465 819,520 417,080 1,588,538 2004-05 2,612,140 819,520 418,264 1,587,990 2005-06 2,597,700 819,520 419,167 1,590,890 2006-07 2,593,456 819,520 419,785 1,645,502 2007-08 2,590,816 819,520 420,135 1,646,470 2008-09 2,584,232 819,520 420,184 1,645,125 2009-10 2,578,160 819,520 419,550 1,641,540 2010-11 2,571,868 819,520 418,272 1,640,840 2011-12 2,569,442 819,520 416,738 1,641,650 2012-13 2,560,155 819,520 419,819 1,638,750 2013-14 - 1,457,490 417,516 1,638,300 2014-15 - 1,457,520 414,956 1,635,150 2015-16 - 1,455,730 417,012 1,634,150 2016-17 - 1,456,990 418,556 1,630,150 2017-18 - 1,451,300 414,716 1,632,850 2018-19 - 1,453,530 415,491 1,627,100 2019-20 - 1,453,420 415,631 1,627,750 2020-21 - 1,450,970 415,131 1,624,500 2021-22 - 1,451,050 414,106 1,622,200 2022-23 - 1,448,530 417,425 1,620,550 2023-24 - 1,448,280 415,088 1,619,250 2024-25 - 1,445,170 417,094 1,613,150 2025-26 - 1,444,070 413,444 1,611,950 2026-27 - 1,439,850 414,137 - 2027-28 - 1,437,380 414,044 - 2028-29 - 1,436,400 413,162 - 2029-30 - - 411,494 - 2030-31 - - 413,906 - 2031-32 - - 410,400 - 2032-33 - - 410,975 - 2033-34 410,500 Principal and interest 36,348,185 Less: Pass -through Agreements Coachella Valley Unified County School of District Riverside 649,927 773,528 670,817 1,803,705 684,233 1,903,705 697,918 1,903,705 711,877 2,290,473 726,114 2,290,473 740,636 2,290,473 755,449 100,000 770,558 150,000 785,968 200,000 801,688 200,000 817,722 200,000 834,076 250,000 421,166 250,000 250,000 250,000 Total 6,880,748 7,928,581 8,037,712 8,055,565 8,426,953 8,454,501 8,458,386 6,333,712 6,397,499 6,455,029 6,460,458 6,468,222 6,531,426 6,109,410 3,763,306 3,757,626 3,506,892 3,505,696 3,498,866 3,496,121 3,496,801 3,490,601 3,487,356 3,486,505 3,482,618 3,475,414 3,469,464 1,853,987 1,851,424 1,849,562 411,494 413,906 410,400 410,975 410,500 34,660,960 14,571,748 43,772,612 10,068,149 15,106,062 154,527,716 Interest (13,258,185) (18,900,960) 7 821 748 (21,957,612) (2,639,825) (64,578,330) Total Principal $23,090,000 15,760,000 6,750,000 21.815,000 10,068,149 12,466,237 89,949,386 21 0.7 LA QUINTA REDEVELOPMENT AGENCY Notes to the Financial Statements (Continued) 16) Pled¢ed Tax Revenues All tax revenues received by the Agency other than the amount required by law to be deposited in a low and moderate income housing fund, are required to be used to meet debt service requirements of the bond indentures before any payments may be made on other obligations of the Agency. 22 0 02 8 LA QUINTA REDEVELOPMENT AGENCY ' Required Supplementary Information Year ended June 30, 1999 ' Risk Mitieation for the Year 2000 Issue The Agency is a component unit of the City of La Quinta. The City is in the process of evaluating its computer systems and other equipment that may contain embedded chips to ascertain which of these might be impacted by a failure to properly recognize and process ' transactions dated on or after the year 2000. As of June 30, 1999, the unexpended portion of contracts entered into by the City with various vendors to replace or upgrade its computer systems and other equipment to reduce the risk of year 2000 difficulties was approximately $30,950. Additional amounts may be expended for the City's year 2000 assessment, ' remediation, and testing activities, as well as amounts that may need to be expended after January 1, 2000 to correct problems not previously detected and corrected by the City. Because of the unprecedented nature of the year 2000 issue, it is not possible to provide assurances that ' the City has or will achieve complete year 2000 compliance, even after completing all planned year 2000 corrective actions and related testing. Nor can the City determine the effect, if any, on Agency operations should entities external to the Agency (other governments, significant ' vendors, suppliers, service providers, customers, taxpayers,, businesses, etc.) fail to achieve year 2000 compliance in a timely manner. An audit is not designed to substantiate the assertions of management with respect to this issue or to evaluate the adequacy of management's plans with respect to this issue. Equipment and systems considered by management to be critical to ' conducting operations include the following: Data Processing Systems - The data processing systems under evaluation include ' Accounting Systems, Animal License Software, Builders Square Program, Questas City Clerk Program, and the Code Track Program. As of June 30, 1999, the Agency has assessed one hundred percent of their data processing systems and identified options for ' replacing obsolete systems or locating new vendors to correct non -compliant systems. Ninety percent of data processing hardware and software systems have been tested for year 2000 compliance. Roughly ninety-five percent of upgrades have been implemented for non -compliant data processing systems, with the remaining five percent to be completed by July 1999. Non -Data Processing Systems - The non -data processing systems under evaluation include Heating and Air Conditioning, Phone Systems, Mobile Phones, Street Lights, Traffic Signals, Irrigation Software, Stadium Lights, Drainage Pumps, and the Civic Center Alarm System. As of June 30, 1999, the Agency has assessed ninety percent of non -data processing systems for year 2000 compliance. The systems still to be assessed ' for year 2000 compliance include mobile phones, traffic signals and the Civic Center alarm system. Assessment of non -data processing systems will continue through July 1999. The Agency has identified options for replacing systems or locating new vendors to correct non -compliant systems for ninety percent of non -data processing systems. Seventy percent of non -data processing systems have been tested for year 2000 compliance, with the exception of traffic signals, Civic Center alarms, and mobile phones. As of June 30, 1999, fifteen percent of non -data processing systems have been upgraded, and the remaining eighty-five percent will be upgraded by September 1999. ��1 25 1 LA QUINTA REDEVELOPMENT AGENCY ' Special Revenue Funds Combining Balance Sheet ' June 30, 1999 Low/ Low/ ' Moderate Moderate Low/ Low/ Income Income Moderate Moderate Housing- Housing- Bond- Bond- Totals , PA No. 1 PA No. 2 PA No. 1 PA No. 2 1999 1998 Assets , Cash and investments $ 3,167,751 2,782,700 - - 5,950,451 5,304,639 Cash with fiscal agent - - 3,839,690 2,270,504 6,110,194 8,129,831 Accounts receivable 44,006 - - - 44,006 23,301 , Interest receivable 22,659 29,209 140,046 37,185 229,099 34,626 Notes receivable 2,556,508 - - - 2,556,508 2,420,750 Due from other funds - - - - - 62,192 ' Advances to other funds 511,903 39,135 - - 551,038 551,038 Total assets $ 6,302,827 2,851,044 3,979,736 2,307,689 15,441,296 16,526,377 ' Liabilities and Fund Balances Liabilities: Accounts payable $ 18,935 7,919 6,171 7,782 40,807 54,988 Deposits payable 15,596 - - - 15,596 ' 14,426 Due to other funds - - - - - 62,192 Due to the City of La Quint 15 10 6261800 148,581 775,406 162,702 Total liabilities 34,546 7,929 632,971 156,363 831,809 294,308 Fund balances: , Reserved for: Bond projects - - 3,839,690 2,270,504 6,110,194 8,129,831 Advances to other. funds 511,903 39,135 - - 551,038 551,038 ' Notes receivable 2,556,508 - - - 2,556,508 2,420,750 Unreserved: Designations 3,199,870 2,803,980 - - 6,003,850 5,211,172 ' Undesignated - - (492,925) 119,178 612,103 (80,722 Total fund balances 6,268,281 2,843,115 3,346,765 2,151,326 14,609,487 16,232,069 Total liabilities and ' fund balances $ 6,302,827 2,851,044 3,979,736 2,307,689 15,441,296 16,526,377 .1 28 0 %S 1 1 - I fl 1 LA QUINTA REDEVELOPMENT AGENCY Special Revenue Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances Year ended June 30, 1999 Revenues: Taxes Developer fees Investment income Rental income Gain (loss) on sale of land Total revenues Expenditures: Current: Planning and development Capital projects Total expenditures Excess (deficiency) of revenues over (under) expenditures Other financing sources (uses): Operating transfers in Operating transfers out Transfer to the City of La Quinta Total other financing sources (uses) Excess (deficiency) of revenues and other financing sources over (under) expenditures and other financing uses Fund balances at beginning of year Fund balances at end of year Low/ Low/ Moderate Moderate Low/ Low/ Income Income Moderate Moderate Housing- Housing- Bond- Bond- Totals PA No. 1 PA No. 2 PA No. 1 PA No. 2 1999 1998 $ 2,575,456 1,017,016 - - 3,592,472 3,253,847 15,911 622,304 - - 638,215 11,127 275,497 139,342 490,032 139,915 1,044,786 679,976 414,236 - - - 414,236 395,414 195,945 - - - 195,945 (22,678 3,477,045 1,778,662 490,032 139,915 5,885,654 4,317,686 2,127,114 471,575 45,011 60,325 2,704,025 2,729,873 - - - - - 2,691,777 2,127,114 471,575 45,011 60,325 2,704,025 5,421,650 1,349,931 1,307,097 445,021 79,590 3,181,629 1103,964 3,280,377 (1,099,888) (202,749) - - (1,302,637) (5,364,051) 2 392 558 1 109 016 3 501 574 - (1,099,888 (202,749 2,392 558 1 109 016 4 804 211 2,083 674 250,043 1,104,338 (1,947,537) (1,029,426) (1,622,582) (3,187,638) 6,018,238 1,738,777 5,294,302 3,180,752 16,232,069 19,419,707 $ 6,268,281 2,843,115 3,346,765 2,151,326 14,609,487 16,232,069 29 0 3- LA QUINTA REDEVELOPMENT AGENCY Debt Service Funds Combining Balance Sheet June 30, 1999 Redevelopment Redevelopment Totals Agency -PA No. 1 Agency -PA No. 2 1999 1998 Assets Cash and investments $ 2,996,002 645,334 3,641,336 5,272,572 Cash with fiscal agent 183,946 - 183,946 74,235 Accounts receivable - - - 11 Interest receivable 26,453 11,012 37,465 - Due from other governments 11 - 11 - Total assets $ 3,206,412 656,346 3,862,758 5,346,818 Liabilities and Fund Balances Liabilities: Accounts payable $ 4,403 - 4,403 4,340 Accrued expenses - - - 504,731 Due to other funds - 591 591 - Advances from other funds 511,903 39,135 551,038 551,038 Total liabilities 516,306 39,726 556,032 1,060,109 Fund balances: Reserved for: Debt service 2,690,106 616,620 3,306,726 4,286,709 Total fund balances 2,690,106 616,620 3,306,726 4,286,709 Total liabilities and fund balances $ 3,206,412 656,346 3,862,758 5,346,818 30 0J6 t 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 LA QUINTA REDEVELOPMENT AGENCY Debt Service Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances Year ended June 30, 1999 Redevelopment Redevelopment Totals Agency -PA No. 1 Agency -PA No.2 1999 1998 Revenues: Taxes $ 10,301,824 4,068,063 14,369,887 13,015,387 Investment income 131,849 81,013 212,862 110,618 Total revenues 10,433,673 4,149,076 14,582,749 13,126,005 Expenditures: Current: Planning and development 193,047 68,483 261,530 203,161 Debt service: Principal 2,092,128 1,067,872 3,160,000 1,675,000 Interest 3,578,729 982,938 4,561,667 4,584,546 Payments under pass - through obligations 5,882,820 2,845,262 8,728,082 9,255,220 Total expenditures 11,746,724 4,964,555 16,711,279 15,717,927 Excess (deficiency) of revenues over (under) expenditures (1,313,051) (815,479 (2,128,530) (2,591,922 Other financing sources (uses): Operating transfers in 1,366,514 202,749 1,569,263 2,957,882 Operating transfers out (511,509) (742,609) (1,254,118) (910,721) Proceeds of advances from City 371,521 461,881 833,402 810,006 Total other financing sources (uses) 1,226,526 (77,979 1,148,547 2,857,167 Excess (deficiency) of revenues and other financing sources over (under) expenditures and other fmancing uses (86,525) (893,458) (979,983) 265,245 Fund balances at beginning of year 2,776,631 1,510,078 4,286,709 4,021,464 Fund balances at end of year $ 2,690,106 616,620 3,306,726 4,286,709 31 0 `J 7 LA QUINTA REDEVELOPMENT AGENCY Capital Projects Funds Combining Balance Sheet June 30, 1999 Redevelopment Redevelopment Totals Agency -PA No.1 Agency -PA No.2 1999 1998 Assets Cash and investments $ 1,000,971 1,383,380 2,384,351 1,444,826 Cash with fiscal agent 7,307,105 602,825 7,909,930 7,878,824 Accounts receivable - 60,900 60,900 81,258 Interest receivable 9,974 13,645 23,619 142,956 Notes receivable - 112,343 112,343 108,217 Due from other funds - 591 591 - Total assets $ 8,318,050 2,173,684 10,491,734 9,656,081 Liabilities and Fund Balances Liabilities: Accounts payable $ 6,196 3,522 9,718 28,566 Due to the City of La Quints 47 24 71 - Total liabilities 6,243 3,546 9,789 28,566 Fund balances: Reserved for: Bond projects 7,307,105 602,825 7,909,930 7,878,824 Notes receivable - 112,343 112,343 108,217 Unreserved: Designations 1,004,702 1,454,970 2,459,672 1,640,474 Total fund balances 8,311,807 2,170,138 10,481,945 9,627,515 Total liabilities and fund balances $ 8,318,050 2,173,684 10,491,734 9,656,081 32 0J8 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 LA QUINTA REDEVELOPMENT AGENCY Capital Projects Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances Year ended June 30, 1999 Redevelopment Redevelopment Totals Agency -PA No.1 Agency -PA No.2 1999 1998 Revenues: Developer fees $ - 5,000 5,000 - Investment income 164,275 110,435 274,710 288,437 Litigation settlement proceeds 821,589 - 821,589 204 Total revenues 985,864 115,435 1,101,299 288,641 Expenditures: Current: Planning and development 356,105 321,410 677,515 651,832 Total expenditures 356,105 321,410 677,515 651,832 Excess (deficiency) of revenues over (under) expenditures 629,759 (205,975) 423,784 (363,191) Other financing sources (uses): Operating transfers in 655,259 742,609 1,397,868 910,721 Operating transfers out (266,626) (143,750) (410,376) (874,208) Transfers from the City of La Quinta - - - 25,570 Transfer to the City of La Quinta (12,261) (544,585) (556,846) - Proceeds 'of bonds (net of issuance costs) - - - 21,565,688 Payments to refunded bond escrow agent - - - (13,430,939) Total other financing sources (uses) 376,372 54,274 430,646 8,196,832 Excess (deficiency) of revenues and other financing sources over (under) expenditures and other financing uses 1,006,131 (151,701) 854,430 7,833,641 Fund balances at beginning of year 7,305,676 2,321,839 9,627,515 1,793,874 Fund balances at end of year $ 8,311,807 2,170,138 10,481,945 9,627,515 33 CONRADAND CERTIFIED PUBLIC ACCOUNTANTS 1100 MN STREETSUITE C ASSOCIATES, L..L.P. IRVINEE,CA IFORN,IA92614 (949)474-2020 Fax (949) 263-SS20 Board of Directors La Quinta Redevelopment Agency La Quinta, California We have audited the financial statements of the La Quinta Redevelopment Agency as of and for the year ended June 30, 1999, and have issued our report thereon dated August 13, 1999. We conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Compliance As part of obtaining reasonable assurance about whether the financial statements of the La Quinta Redevelopment Agency are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grants, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. Such provisions include those provisions of laws and regulations identified in the Guidelines for Compliance Audits of California Redevelopment Agencies, issued by the State Controller. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reporting In planning and performing our audit, we considered the La Quinta Redevelopment Agency's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide assurance on the internal control over financial reporting. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control over financial reporting that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more misstatements in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control over financial reporting and its operation that we consider to be material weaknesses. 34 MEMBERS OF AICPA AND CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS MEMBER OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS PRIVATE COMPANIES PRACTICE SECTION I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Board of Directors La Quinta Redevelopment Agency Page Two This report is intended for the information of the Audit committee, management, and the State Controller. However, this report is a matter of public record and its distribution is not limited. August 13, 1999 35 0.11 T4ht 4 4 Q" AGENDA CATEGORY: BUSINESS SESSION: C ' COUNCIL/RDA MEETING DATE: January 4, 2000 CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: PUBLIC HEARING: Consideration of Authorization to Distribute a Request for Proposals for Phase II Archaeological Services for Agency Land Located at the Southeast Corner of Washington Street and Miles Avenue RECOMMENDATION: Authorize the distribution of a Request For Proposal (Attachment 1) and appropriation of up to $30,000 from the Project Area No. 2 Low Mod Fund for the preparation of a Phase II Archaeological Report. FISCAL IMPLICATIONS: The appropriation of up to $30,000 would be made from the Project Area No. 2 Low Mod Fund (Account #406-905-692-000). BACKGROUND AND OVERVIEW: The Phase I Archaeological Study conducted by the Archaeological Advisory Group in 1999, identified three prehistoric archaeological sites and three isolated artifacts. The result of the Phase I Study recommended a Phase II Study be conducted on the entire site. As development of this site is anticipated in the near future, staff is requesting to proceed with a Phase II Study at this time to allow time to develop any constraints that may be necessary on the site due to the results of the Phase II Study. FINDINGS AND ALTERNATIVES The alternatives available to the Agency Board include: 1. Authorize the distribution of a RFP and appropriation of up to $30,000 from the Project Area No. 2 Low Mod Fund for the preparation of a Phase II Archaeological Report; or C:\My Documents\WPD0CS\ccjh019.wpd 2. Do not authorize the distribution of a RFP or appropriation of up to $30,000 from the Project Area No. 2 Low Mod Fund for the preparation of a Phase II Archaeological Report; or 3. Provide staff with alternative direction. Respectfully submitted, 4rry HerocYn mmunity Development Director Approved for submission by; Thomas P. Genovese, Executive Director Attachment: 1. Request for Proposals C:\My Documents\WPDOCS\ccjh019.wpd + �' ATTACHMENT 1 REQUEST FOR PROPOSALS PHASE II ARCHAEOLOGICAL TEST PROGRAM INTRODUCTION: The Community Development Department of the City of La Quinta Redevelopment Agency invites qualified archaeologists to submit proposals to prepare a Phase II Archaeological Test Program for the 54.65 acres of City property at the southeast corner of Miles Avenue and Washington Street. Three prehistoric archaeological sites and three isolated artifacts have recently been identified on the study area in a Phase I Survey conducted by Archaeological Advisory Group in 1999. BACKGROUND: The City of La Quinta surrounded on the west and south by the rugged and dramatic slopes of the Santa Rose Mountains, was incorporated in 1982. With approximately 31.18 square miles and a current population estimate of approximately 21,000, the City has maintained a healthy annual growth rate over the last five years. It is anticipated that he City will continue to be a prime growth area in the desert, while preserving the natural open space of the Santa Rosa Mountains. The growing population of La Quinta and the Coachella Valley provides 'ample potential for commercial development. High quality residential and resort developments offering golf, tennis, and other amenities will continue to establish La Quinta as the "Gem of the Desert". SCOPE OF SERVICES: The following is a list of basic services that are anticipated. The final Scope of Work will be negotiated with the selected firm. The consultant will be responsible for the completion of all work outlined in the Scope of Services in a timely fashion, which shall be reflected in the project schedule and submitted as part of this proposal. The selected archaeologist will be responsible for complying with all laws which apply to this project. The final report shall include the following: • Site Map and project description. • Research methods for evaluating the potentially significant sites. • Resumes of all personnel in compliance with the City of La Quinta's Archaeological Consultant Qualifications (attached). • Conform to the Archaeological Resource Management Report (ARMR) recommended contents and format. CAMy Documents\WPDOCS\RFP-BiologicalMiles-Wash.wpd • Rationale for the Test Program and Methodology inclusive of; 1) a 50 meter interval grid over the property; 2) systematic backhoe test excavation (excluding previously disturbed and low potential areas); 3) test excavation of at least ten one by one meter excavation units in deposits that appear to have the greatest research potential. • Evaluation of potential significance of all sites and features through artifact/ecofact cataloging and analysis and special studies. • Written analysis of recovered data The properties include Assessor Parcel Numbers 604-040-012, 013, 022, 023. Within one week of selection of the consultant, the consultant will be required to begin the -- survey to assess current conditions. Proposals are to be submitted to the City of La Quinta Community Development Department. PROPOSALS ARE DUE BY 5:00 P.M., JANUARY 17, 2000 Mail to: Jerry Herman, Community Development Director City of La Quinta P. O. Box 1504 78-495 Calle Tampico La Quinta, CA 92253 CAMy Documents\WPDOCS\RFP-BiologicalMiles-Wash.wpd 1 So -v s b o ----- - - - - -- =-� k- - - - - -- au O « .ii ooa,�.�o i 16 - oossoo � i 1 ° I d N r w .. ! `2 c U06 I