2012 02 21 FA MinutesLA QUINTA FINANCING AUTHORITY
MINUTES
FEBRUARY 21, 2012
A regular meeting of the La Quinta Financing Authority was called to order at the
hour of 6:47 p.m. by Chairperson Adolph.
PRESENT: Authority Members Evans, Franklin, Henderson, Osborne, Chairperson
Adolph
ABSENT: None
PUBLIC COMMENT - NONE
CONFIRMATION OF AGENDA - CONFIRMED
APPROVAL OF MINUTES
MOTION — A motion was made by Authority Members Evans /Henderson to approve
the minutes of the January 17, 2012 meeting as submitted. Motion carried
unanimously.
CONSENT CALENDAR
1. RECEIVE AND FILE TREASURER'S REPORT DATED DECEMBER 31, 2011
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
DECEMBER 31, 2011
MOTION — A motion was made by Authority Members Franklin /Evans to approve
the Consent Calendar as recommended. Motion carried unanimously.
BUSINESS SESSION
1. CONSIDERATION OF MID -YEAR BUDGET
Finance Director Falconer presented the staff report.
MOTION — A motion was made by Authority Members Franklin /Henderson to
approve the Mid -Year Budget as recommended.
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
FINANCING AUTHORITY MINUTES 1 FEBRUARY 21, 2012
ADJOURNMENT
There being no further business, it was moved by Authority Members
Osborne /Franklin to adjourn at 6:49 p.m. Motion carried unanimously.
Respectfully submitted,
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Susan Maysels
Interim Financing Authority Secretary
City of La Quinta, California
FINANCING AUTHORITY MINUTES 2 FEBRUARY 21, 2012