2011 12 20 FAF
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
REGULAR MEETING
TUESDAY, DECEMBER 20, 2011 AT 4:00 P.M.
Beginning Resolution No. FA 2011-005
CALL TO ORDER
Roll Call:
Board Members: Evans, Franklin, Henderson, and Chairperson 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 NOVEMBER 15, 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 OCTOBER 31, 2011
.„StJv 001
FINANCING AUTHORITY AGENDA 1 DECEMBER 20, 2011
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
OCTOBER 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 January 17,
2012 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 December
20, 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 December 16, 2011.
DATED:
4/-�/
VERONICA J
City of La QL
Public Notice
DECEMBER 16, 2011 i
JTECINO, City Clerk
California
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.
002
FINANCING AUTHORITY AGENDA 2 DECEMBER 20, 2011
s
COUNCIL/RDA MEETING DATE: December 20, 201 1 AGENDA CATEGORY:
IT TITLE: Receive and File Treasurer's Report BUSINESS SESSION:
dated October 31, 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
003
ce-iat 4 4-v QuiNAL
COUNCIL/RDA MEETING DATE: December 20, 201 1 AGENDA CATEGORY:
ITEM TITLE: Receive and File Revenue and BUSINESS SESSION:-7
Expenditure Report dated October 31, 2011 CONSENT CALENDAR: 7i
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
BACKGROUND AND OVERVIEW:
Transmittal of the October 31, 2011 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
Respectfully submitted,
John M. Falconer, Finance Director
Approved for submission by:
Mark Weiss, Interim Executive Director
Attachment: 1. Revenue and Expenditures, October 31, 2011
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LA OUINTA FINANCING AUTHORITY
07/01/2011-10/31/2011
REVENUE DETAIL
ADJUSTED
REMAINING
%
BUDGET
RECEIVED
BUDGET
RECEIVED
DEBT SERVICE REVENUE:
Contrsdual Services Fees
11,600.00
0.00
11,600,00
0.1=16
Non Allocated Interest
000
355.00
(355.00)
0,000%
Rental lnwme
673,521,00
565,435.00
108.085.00
83950%
Transfer In
7,479,250.00
436381327
3,115.436,73
58.350%
TOTAL DEBT SERVICE
8,164,37100
4,929,60327
3,234,767.73
60.380%
CAPITAL IMPROVEMENT REVENUE:
PwI.d Cash Allocated Interest
0.00
0w
0.00
0,000%
Non Allocated Interest
0.00
0,00
000
0.000%
TOTAL CIP REVENUE
0.00
0.00
0.00
0000%
TOTAL FINANCING AUTHORITY 8, 164,37100 4,929,60327 3,234,767.73 60.380%
••x.0 �, 005
2
L.A GUINTA FINANCING AUTHORITY
ADJUSTED
IW31111
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
11600.00
5,512.30
0.00
6,08770
BOND PRINCIPAL -19%
445,000.00
445,000.00
0.00
0,00
BOND PRINCIPAL - 2004
1,805,000.00
1,805000.00
0,00
0.DO
BOND PRINCIPAL - 2011
000
-0.00
000
0,00
BOND INTEREST - 1996
228,521.00
120.435.00
0.00
108.088.00
BOND INTEREST - 2004
4,099, 719.00
2,070,16563
0.00
2,029,563. 37
BOND INTEREST - 2011
1,574,531.00
488,64764
0,00
1085,883.36
TRANSFER OUT
0.00
0,00
0.00
0.00
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
000
0.00
0.00
0.00
TRANSFER OUT
0,00
0.00
0,00
0.00
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
"•' 006
3