2011 01 18 FA� T
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, JANUARY 18. 2011 — 4:00 P.M
Beginning Resolution No. FA 2011-001
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 DECEMBER 21, 2010.
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
RECEIVE AND FILE TREASURER'S REPORT DATED NOVEMBER 30, 2010.
Financing Authority Agenda 1 January 18, 2011
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED
NOVEMBER 30, 2010, AND INVESTMENT SUMMARY REPORT FOR
QUARTER ENDING DECEMBER 31, 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 February 15,
2011, 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 January 18,
2011, 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 January 14, 2011.
DATE January 14, 2011
VERONICA . MONTECINO, 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 January 18, 2011
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COUNCIL/RDA MEETING DATE: January 18, 2011 AGENDA CATEGORY:
ITEM TITLE: Transmittal of Treasurer's Report as of BUSINESS SESSION:
November 30, 2010 CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and File.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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COUNCIL/RDA MEETING DATE: January 18, 2011 AGENDA CATEGORY:
ITEM TITLE: Transmittal of Revenue and Expenditure
Report for November 30, 2010 and Investment
Summary Report for the Quarter Ending December 31,
2010
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
BUSINESS SESSION:
CONSENT CALENDAR: p�
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the November 30, 2010 Statement of Revenue and Expenditures and
Investment Summary Report for the Quarter Ending December 31, 2010 for the La
Quinta Financing Authority.
Respectfully submitted,
/ l
John M. Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditure Report, November 30, 2010
2. Investment Summary for the Quarter Ending December
31, 2010
N
A I I AGHIVItN I "I
LA QUINTA FINANCING AUTHORITY
07/01/2010-11130/2010
REVENUE DETAIL
ADJUSTED
REMAINING
%
BUDGET
RECEIVED
BUDGET
RECEIVED
DEBT SERVICE REVENUE:
Contractual Services Fees
15,800,00
0.00
15.800.00
0.000%
Non Allocated Interest
0.00
0.00
0.00
0.000%
Rental Income
672,525.00
552,090.00
120,435.00
82.090%
Transfer In
5,915,131.00
3,844,965.63
2,070,165.37
65000%
TOTAL DEBT SERVICE
6,603,456.00
4,397,055.63
2,206,400.37
66.590%
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
0.00
0.00
0.00
0.000%
Non Allocated Interest
0.00
0.00
0.00
0.000%
TOTAL CIP REVENUE
0.00
0.00
0.00
0.000%
TOTAL FINANCING AUTHORITY 6,603,456.00 4,397,055.63 2,206,400.37 66 590%
3
LA GUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
ADJUSTED 11130110 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL -19%
BOND PRINCIPAL - 2004
BOND INTEREST - 1996
BOND INTEREST - 2004
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
12,800.00
5,215.73
0.00
7,584.27
420,000,00
420,000.00
0,00
0,00
1,740,000.00
1,740,000. 00
0,00
0.00
252,525.00
132,090,00
0,00
120,435.00
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 D00 000
TOTAL CAPITAL IMPROVEMENT 000
TOTAL FINANCING AUTHORITY
0
ATTACHMENT 2
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