2011 04 19 FAU
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY. APRIL 19, 2011 — 4:00 P.M.
Beginning Resolution No. FA 2011-003
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
APPROVAL OF THE REGULAR MEETING MINUTES OF MARCH 15, 2011
2. . APPROVAL OF THE SPECIAL MEETING MINUTES OF APRIL 5, 2011
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 FEBRUARY 28, 2011
0101
Financing Authority Agenda 1 April 19, 2011
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT FOR FEBRUARY
28, 2011 AND INVESTMENT SUMMARY REPORT FOR THE QUARTER
ENDING MARCH 31, 2011
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 May 17, 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 April 19,
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 April 15, 2011.
DATED:
VERONICA J. MP$TECINO, 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 April 19!'2011 0302
F`y OF TNF'O
COUNCIL/RDA MEETING DATE: April 19, 2011 AGENDA CATEGORY:
BUSINESS SESSION:
ITEM TITLE: Receive and File Treasurer's Report
dated February 28, 2011 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
0;03
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F`y OF
COUNCIL/RDA MEETING DATE: April 19, 2011
ITEM TITLE: Receive and File Revenue and Expenditure
Report for February 28, 2011 and Investment
Summary Report for the Quarter Ending March 31,
2011
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION: _
CONSENT CALENDAR: 2-
STUDY SESSION:
PUBLIC HEARING:
Receive and File the Statement of Revenue and Expenditures for February 28, 2011
and Investment Summary Report for the Quarter ending March 31, 2011 for the La
Quinta Financing Authority.
Respectfully submitted,
John M. Falconer, Finance Director
0)04
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1 . Revenue and Expenditures for February 28, 2011
2. Investment Summary Report dated March 31, 2011
0)05 2
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
07/01/2010 - 02/28/2011
ADJUSTED
BUDGET RECEIVED
A I I AL;HIVItN 1 -1
REMAINING %
BUDGET RECEIVED
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
Non Allocated Interest
TOTAL CIP REVENUE
TOTAL FINANCING AUTHORITY
15,800.00
6,807.00
8,993.00
43.080%
0.00
0.00
0.00
0.000%
672,525.00
552.090.00
120,435.00
82,090%
5,915,131.00
3,844,966.63
2,070,165.37
65.000%
6,603,456,00
4,403,862.63
2,199,593.37
66.690%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
6,603,456.00 4,403,862.63 2,199,593.37 66.690%
NES
3
LA OUINTA FINANCING AUTHORITY
ADJUSTED
OV28111
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
12.800,00
8,557,00
0.00
4.243.00
BONO PRINCIPAL - 1996
420,00000
420,000.00
0.00
0.00
BOND PRINCIPAL -20N
1,740,000.00
1,740,000.00
0.00
0.00
BONDINTEREST-19M
252, 525.00
132, 090.00
000
120,435.00
BOND INTEREST -20N
4,175, 131.00
2,104,%5.63
0.00
2,070, 165,37
TRANSFER OUT
0.00
O.DO
0.00
000
TOTAL DEBT SERVICE
6,60045600
4,405,6120.
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
000
0.00
0.D0
0,00
TRANSFER OUT
000
000
O00
0,00
TOTAL CAPITAL IMPROVEMENT
555
000
000
0,00
TOTAL FINANCING AUTHORITY
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