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HOUSING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, OCTOBER 19, 2010 — 4:00 P.M.
Beginning Resolution No. HA 2010-003
CALL TO ORDER
Roll Call:
Board Members: Adolph, Franklin, Henderson, Sniff, and Chairperson Evans
PUBLIC COMMENT
At this time members of the public may address the Housing Authority on any matter not
listed on the agenda. Please complete a "request to speak" form and limit your comments
to three minutes.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1 . APPROVAL OF MINUTES OF SEPTEMBER 21, 2010.
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1 . APPROVAL OF DEMAND REGISTER DATED OCTOBER 19, 2010.
b• 001
Housing Authority Agenda 1 October 19, 2010
2. RECEIVE AND FILE TREASURER'S REPORT DATED AUGUST 31, 2010.
3. RECEIVE AND FILE REVENUES AND EXPENDITURES REPORT DATED
AUGUST 31, 2010, AND INVESTMENT SUMMARY REPORT FOR THE
QUARTER ENDING SEPTEMBER 30, 2010.
4. APPROVAL OF THE LA QUINTA HOUSING AUTHORITY FINANCIAL
STATEMENTS CONTAINED WITHIN THE COMPREHENSIVE ANNUAL
FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2010.
BUSINESS SESSION — NONE
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
The next regular meeting of the Housing Authority will be held on November 16,
2010, at 4:00 p.m. in the City Council Chambers, 78-495 Calle Tampico,
La Quinta, CA 92253.
DECLARATION OF POSTING
I, Veronica Montecino, City Clerk of the City of La Quinta, do hereby declare that
the foregoing agenda for the La Quinta Housing Authority meeting of October 19,
2010, was posted on the outside entry to the Council Chamber at 78-495 Calle
Tampico and on the bulletin boards at 51-321 Avenida Bermudas and 78-630
Highway 111, on October 15, 2010.
DATED- October 12010
VERONICA . MONTECINO, City Clerk
City of La Quinta, California
Public Notice
Any writings or documents provided to a majority of the Housing Authority regarding any item on
this agenda will be made available for public inspection at the City Clerk counter at City Hall located
at 75-495 Calla Tampico, La Quinta, California, 92253, during normal business hours.
002
Housing Authority Agenda 2 October 19, 2010
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HOUSING AUTHORITY MEETING DATE: October 19, 2010
ITEM TITLE: Demand Register Dated
October 19, 2010
RECOMMENDATION:
It is recommended the Housing Authority Board:
Receive and File the Demand Register Dated
October 19, 2010 of which $250.00
represents Housing Authority Expenditures.
AGENDA CATEGORY:
BUSINESS SESSION
CONSENT CALENDAR
STUDY SESSION
PUBLIC HEARING
PLEASE SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA
003
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COUNCIL/RDA MEETING DATE: October 19, 2010
ITEM TITLE:
Receive and File Transmittal of Treasurer's Report
as of August 31, 2010
RECOMMENDATION:
It is recommended the La Quinta Housing Authority:
AGENDA CATEGORY:
BUSINESS SESSION: _
CONSENT CALENDAR:
-
STUDY SESSION:
PUBLIC HEARING:
Receive and File the Treasurer's Report dated August 31, 2010.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
004
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COUNCIL/RDA MEETING DATE: October 19, 2010
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Report dated August 31, 2010 and
Investment Summary Report for the Quarter Ending
September 30, 2010
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Receive and File Transmittal of the August 31, 2010 Statement of Revenue and
Expenditures for the La Quinta Housing Authority and Investment Summary Report
for the Quarter Ending September 30, 2010.
Respectfully submitted,
John M. Falconer, Finance Director
'to.• 005
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1 . Revenue and Expenditures Report, August 31, 2010
2. Investment Summary Report for the Quarter Ending September
30. 2010
2
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LA QUINTA HOUSING AUTHORITY
REVENUE SUMMARY
PROJECT AREA NO i HOUSING AUTHORITY
Rental Income
Transfer In
TOTAL LQ HOUSING AUTHORITY PA 1
PROJECT AREA NO 2 HOUSING AUTHORITY
Rental Income
Transfer In
TOTAL LQ HOUSING AUTHORITY PA 2
07/01/2010 - 08/31/2010
ADJUSTED
BUDGET RECEIVED
216,000.00 40,407.00
167,075.00 9,093.99
REMAINING %
BUDGET RECEIVED
175,593.00 18.710%
157,981.01 5.440%
383,075.00 49,500.99 333,574.01 12.920%
0.00 0.00 0.00 0.000%
25,675.00 0.00 25,675.00 0.000%
25,675.00 0.00 25,675.00 0.000%
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LA GUINTA HOUSING AUTHORITY ADJUSTED W31110 REMAINING
EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET
PROJECT AREA NO 1 HOUSING AUTHORITY
INTERESTADVANCE 0.00 000
850.nm00 20 255.72 SERVICES Nk375,594.28
TOTAL PROJECT AREA NO 1 HOUSING AUTHORITY
PROJECT AREA NO 2 HOUSING AUTHORITY
INTERESTADVANCE 0.00 0.00
SERVICES 23,500,00 250.00 23,250.00
TOTAL PROJECT AREA NO 2 HOUSING AUTHORITY
TOTAL HOUSING AUTHORITY
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COUNCIL/RDA MEETING DATE: October 19, 2010
ITEM TITLE: Approval of the La Quinta Housing
Authority Financial Statements Contained Within the
Comprehensive Annual Financial Report for the Year
Ended June 30, 2010
RECOMMENDATION:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Approve, receive and file the La Quinta Housing Authority Financial Statements
contained within the Comprehensive Annual Financial Report (CAFR) for the Year
Ended June 30, 2010.
FISCAL IMPLICATIONS:
Since this is the first year of operation for the Housing Authority, there are no
significant activities to report.
BACKGROUND AND OVERVIEW:
The financial activities of the La Quinta Housing Authority are contained in the
CAFR and are reported as a Special Revenue Fund type. In addition to the CAFR,
the financial activities of the La Quinta Housing Authority have also been included
in the La Quinta Redevelopment Agency Financial Statements as a Special Revenue
Fund to report our housing efforts.
FINDINGS AND ALTERNATIVES:
The alternatives available to the La Quinta Housing Authority include:
1. Approve, receive and file the La Quinta Housing Authority Financial
Statements contained within the Comprehensive Annual Financial Report for
the Year Ended June 30, 2010, or
N. 010
2. Do not approve, receive and file the La Quinta Housing Authority Financial
Statements contained within the Comprehensive Annual Financial Report for
the Year Ended June 30, 2010; or
3. Provide staff with alternative direction
Respectfully submitted,
John M. Falconer, Finance Director
Approved for submission by:
/Thomas P. Genovese, Executive Director
2