2012 03 20 FA� 5
5
OF
Oti
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
REGULAR MEETING
TUESDAY, MARCH 20, 2012 AT 4:00 P.M.
Beginning Resolution No. FA 2012-001
CALL TO ORDER
Roll Call:
Board Members: Evans, Franklin, Henderson, Osborne 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 FEBRUARY 21, 2012
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
1. RECEIVE AND FILE TREASURER'S REPORT DATED JANUARY 31, 2012
FINANCING AUTHORITY AGENDA 1 MARCH 20, 2012
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
JANUARY 31, 2012
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 April 17, 2012
at 4:00 p.m. in the City Council Chambers, 78-495 Calle Tampico, La Quinta, CA
92253.
DECLARATION OF POSTING
I, Susan Maysels, Interim City Clerk of the City of La Quinta, do hereby declare
that the foregoing agenda for the La Quinta Financing Authority meeting 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
March 16, 2012.
DATED: March 16, 2012
SUSAN MAYSELS, In rim 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.
002
FINANCING AUTHORITY AGENDA 2 MARCH 20, 2012
oY
4
CEM OF'1'1;bOc
COUNCIL/RDA MEETING DATE: March 20, 2012
ITEM TITLE: Receive and File Treasurer's Report
dated January 31, 2012
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
-
.a 003
F �4O '
OF
COUNCIIJRDA MEETING DATE: March 20, 2012 AGENDA CATEGORY:
ITEM TITLE: Receive and File Revenue and BUSINESS SESSION:
Expenditure Report dated January 31, 2012 CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
Receive and File the January 31, 2012 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
Respectfully submitted,
LYJJ—oh—nM. Falconer, Finance Director
Approved for Submission by:
Mark Weiss, Interim Executive Director
Attachment: 1. Revenue and Expenditures Report, January 31, 2012
.% 004
A 1 1 AUMMENT 7
LA OUINTA FINANCING AUTHORITY
07101/2011-0111112012
REVENUE DETAIL -
ADJUSTED
REMAINING
%
BUDGET
RECEIVED
BUDGET
RECEIVED
DEBT SERVICE REVENUE:
Comractuel Services Fees
- 11600. DO
9,107.29
2,492,71
78.510%
Non Allocated Interest
0.DO
950.00
(950.00)
0,000%
Rental Income
673,52100
565,435,00
108,066.00
83,950%
Tmns(er in
4363,813.00
4363813,27
(027)
100000%
TOTAL DEBT SERVICE
5,048,934.00
4,939.305,56
109,628.44
97A30%
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
0.00
000
O.DO
0.000%
Nan Allocated Interest
0,00
0.00
0.00
0.000%
TOTAL CIP REVENUE
0.00
0.00
0.00
0.000%
TOTAL FINANCING AUTHORITY
5,OQ,934. 00
4939,305.56
109,628.44
97,830%
LAOUINTAFINANCINOAUTHORITY
ADJUSTED
1/3112012
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
11,600.00
7,,5]].29
0.90
4,022.71
BOND PRINCIPAL -19%
445.00000
445.WDOO
0.00
0.00
BOND PRINCIPAL -20N
1,805,00000
1,805,000.00
0.00
0.00
BOND PRINCIPAL - 2011
000
000
0,00
0.00
BOND INTEREST -19%
228,521.00
120,435.00
0.00
105086.00
BOND INTEREST -2004
2,070A66.00
2,070,165,63
000
0.37
BOND INTEREST - 2011
08,648.00
488,E4T.64
000
0,36
TRANSFER OUT
0.00
0.00
000
0.00
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
0.00
000
0.00
0.00
TRANSFER OUT
000
0.00
000
0.00
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
«� 006
3