2010 11 16 FA� T
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La auinta, California 92253
Regular Meeting
TUESDAY, NOVEMBER 16, 2010 - 4:00 P.M.
Beginning Resolution No. FA 2010-003
CALL TO ORDER
Roll Call:
Board Members: Evans, Franklin, Henderson, Sniff, and Chairman Adolph
PUBLIC COMMENT
At this time members of the public may address the Financing Authority on any matter not
listed on the agenda. Please complete a "request to speak" form and limit your comments
to three minutes.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1. APPROVAL OF MINUTES OF OCTOBER 19, 2010.
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1 . RECEIVE AND FILE TREASURER'S REPORT DATED SEPTEMBER 30, 2010.
Financing Authority Agenda 1 November 16, 201Q, 001
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED
SEPTEMBER 30, 2010.
BUSINESS SESSION-- NONE
CHAIR AND BOARD MEMBERS' ITEMS - NONE
PUBLIC HEARINGS - NONE
ADJOURNMENT
The next regular meeting of the Financing Authority will be held on December 21,
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 Financing Authority meeting of November
16, 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 1 1 1, on November 12, 2010.
DATED:,/lovember 12, 2010
VERONICA J ONTECINO, City Clerk
City of La Quinta, California
Public Notice
Any writings or documents provided to a majority of the Financing Authority regarding any
item on this agenda will be made available for public inspection at the City Clerk counter at
City Hall located at 78-495 Calle Tampico, La Quinta, California, 92253, during normal
business hours.
Financing Authority Agenda 2 November 16, 2010
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COUNCIL/RDA MEETING DATE: November 16, 2010
ITEM TITLE: Receive and File Transmittal of
Treasurer's Report dated September 30, 2010
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: November 16, 2010 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Revenue CONSENT CALENDAR:
and Expenditure Report dated September 30, 2010
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
BACKGROUND AND OVERVIEW:
Transmittal of the September 30, 2010 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
Respectfully submitted,
John M. Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachment: 1. Revenue and Expenditures, September 30, 2010
004
ATTACHMENT 1
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
Non Allocated Interest
TOTAL CIP REVENUE
07/01 /2010 - 09/30/2010
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,800.00
0.00
15,800.00
0.000%
0.00
0.00
0.00
0.000%
672,525.00
0.00
672,525.00
0.000%
5,915,131.00
3,844,965.63
2,070,165.37
65.000%
6,603,456.00
3,844,965.63
2,758,490.37
58.230%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
TOTAL FINANCING AUTHORITY 6,603,456.00 3,844,965.63 2,758,490.37 58.230%
"-. ' 005
2
LA QUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
ADJUSTED 9130110 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL - 1996
BOND PRINCIPAL - 2004
BOND INTEREST - 1996
BOND INTEREST - 2004
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
12,800.00
4,791.08
0.00
8,008.92
420,000.00
0.00
0.00
420,000.00
1,740,000.00
1,740,000.00
0.00
0.00
252,525.00
0.00
0.00
252,525.00
4,175,131.00
2,104,965.63
0.00
2,070,165.37
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
3