2011 07 19 FAa�
s
OF
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
REGULAR MEETING
TUESDAY, JULY 19, 2011 — 4:00 P.M.
Beginning Resolution No. FA 2011-005
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 MEETING MINUTES OF JUNE 21, 2011
2. APPROVAL OF MEETING MINUTES OF JULY 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 MAY 31, 2011
FINANCING AUTHORITY AGENDA 1 JULY 19, 2011
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MAY 31,
2011 AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING
JUNE 30, 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 SEPTEMBER
20, 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 JULY 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 JULY 15, 2011:
DATED: LILY 15, 2011
VERONICA J. NTECINO, 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 JULY 19, 2011
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COUNCIL/RDA MEETING DATE: July 19, 2011
ITEM TITLE: Receive and File Transmittal of
Treasurer's Report dated May 31, 2011
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: I
STUDY SESSION:
PUBLIC HEARING:
Receive and File the Treasurer's Report dated May 31, 2011.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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AGENDA CATEGORY:
COUNCHJRDA MEETING DATE: July 19, 2011 BUSINESS SESSION: _
ITEM TITLE: Receive and File Transmittal of Revenue CONSENT CALENDAR: Z
and Expenditure Reports dated May 31, 2011 and
Investment Summary Report for the Quarter Ending STUDY SESSION: _
June 30, 2011
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
BACKGROUND AND OVERVIEW:
Receive and File Transmittal of the May 31, 2011 Statement of Revenue and
Expenditures for the La Quinta Financing Authority and Investment Summary Report
for the Quarter Ending June 30, 2011.
Respectfully submitted,
Ix- —4— i vl(��
John M. Falconer, Finance Director
Approved for Submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, May 31, 2011
2. Investment Summary Report for the Quarter Ending June 30,
2011
ATTACHMENT 1 a
LA OUINTA FINANCING AUTHORITY
07101QOIO •OW3112011
REVENUE DETAIL
ADJUSTED
BUDGET
RECEIVED
REMAINING
BUDGET
%
RECEIVED
DEBT SERVICE REVENUE:
Contractual Services Fees
15.800.00
6SO7.00
8,993.00
43,080%
Non Allocated Interest -
0,00
0.00
0.00
0,000%
Rental Income
672,52500
672,52500
0,00
100.000%
Transfer In
5915131.00
591513126
(026)
100000%
TOTAL DEBT SERVICE
6,603,456.00
6,594,463.26
8,992]4
99 NO%
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
0.00
0.00
0.00
0.000%
Non Allocated interest
000
0.00
000
0000%
TOTAL CIP REVENUE
0.00
000
000
0000%
TOTAL FINANCING AUTHORITY
6,603,456.00
6,594,463.26
8992 ]4
99860%
2
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
ADJUSTED 05/31/11 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
12BWD0
9,194.69
0,00
3,605.31
420,000.00
420,000.00
000
0.00
1, 740,000.00
1,740,000.00
0,00
0.00
252,525.00
252,525.00
0.00
0.00
4, 175,131,00
4,175,13126
0.00
(026)
0.00
TOTAL DEBT SERVICE
0.00
0.00
0,00
0.00 0,00 0,00 000
TOTAL CAPITAL IMPROVEMENT 0,00 0.00 000 DW
TOTAL FINANCING AUTHORITY
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