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CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
REGULAR MEETING
TUESDAY, SEPTEMBER 18, 2012 AT 4:00 P.M.
Beginning Resolution No. FA 2012-003
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 JULY 17, 2012
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
1. RECEIVE AND FILE TREASURER'S REPORTS DATED JUNE 30, 2012 AND
JULY 31. 2012
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORTS DATED JUNE
30, 2012 AND JULY 31, 2012
001
FINANCING AUTHORITY AGENDA 1 SEPTERMBER 18, 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 October 16, 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, 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 78495 Calle Tampico and on the bulletin boards at 51-321 Avenida
Bermudas and 78-630 Highway 111, on September 14, 2012.
DATED: September 13, 2012
SUSAN MAYSELS, 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, 92263, during
normal business hours.
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FINANCING AUTHORITY AGENDA 2 SEPTERMBER 18, 2012
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AGENDA CATEGORY:
CITY/SA/HA FBA MEETING DATE: September 18, 2012 BUSINESS SESSION: _
ITEM TITLE: Receive and File Transmittal of Treasurers CONSENT CALENDAR:
Reports as of June 30, 2012 and July 31, 2012
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDED ACTION:
It is recommended the La Quints Financing Authority:
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
003
OF AGENDA CATEGORY:
CITY/SA/HALA YIEETING DATE: September 18, 2012 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Revenue CONSENT CALENDAR:
and Expenditure Report dated June 30, 2012 and July STUDY SESSION:
31, 2012 —
PUBLIC HEARING:
RECOMMENDED ACTION:
Receive and File
EXECUTIVE SUMMARY:
Monthly and year-to-date revenues and expenditures of the La Quinta Financing
Authority.
FISCAL IMPACT:
None.
BACKGROUND/ANAYLSIS:
Receive and File Transmittal of the June 30, 2012 and July 31, 2012 Statement of
Revenue and Expenditures for the La Quinta Financing Authority.
ALTERNATIVES:
None.
Respectfully submitted,
Robbeyn Md, Finance Director
Attachments: 1. Revenue and Expenditures Report for June 30, 2012
2. Revenue and Expenditures Report for July 31, 2012
11�
A I I AGHMtNT 1
LA DUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Contractual Services Fees
Non AllocaW Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
Non Allocaled Interest
TOTAL CIP REVENUE
TOTAL FINANCING AUTHORITY
07MI12011-06p02012
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
11,600,00
9,10729
2.492]1
78.510%
0.00
1,338.00
(1,338.00)
0.000%
673,521.00
673,521.25
(025)
100000%
000
0.00
000
0000%
685.121.00
683,966.54
1,154.46
99830%
0.00 000 0,00 0000 %
000 0.00 000 0000 %
0.00 000 000 0000%
685,121.00 683 966.54 1 154 46 99 830%
005 2
LA GUINTA FINANCING AUTHORITY
ADJUSTED
&0N2012
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
1;8GD 00
807529
OM
3,52471
BOND PRINCIPAL-IIM
445,000.00
445,000.00
000
000
BOND PRINCIPAL -2004
0.00
000
000
0.00
BOND PRINCIPAL-2011
0.00
0.00
090
0.00
BOND INTEREST- 1996
228.521.0p
n8,521.25
090
(0.25)
BOND INTEREST-2094
0.00
000
000
0.00
BOND INTEREST - 2011
000
000
0.00
0w
TRANSFER OUT
2,695.71900
2,695,]19.00
000
0.00
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
0.00
0.00
0.00
000
TRANSFER OUT
000
000
000
0.00
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
006 3
H 1 1 AliP71VIC1V 1 L
LA GUINTA FINANCING AUTHORITY 07/01/2012 - 07131/2012
REVENUE DETAIL ADJUSTED . REMAINING %
BUDGET RECEIVED 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
Nan Allocated Interest
TOTAL CIP REVENUE
TOTAL FINANCING AUTHORITY
5,000.00
0,00
5,000.00
0.000%
0.00
0.00
0.00
0.000%
673,130.00
- 0.00
673,130.00
0.000%
0.00
0.00
0.00
0.000%
678,130.00
0.00
678,130.00
0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
678.130.00 0.00 678,130.00 0000%
001
4
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
ADJUSTED 1/011900 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
SERVICES
5,000.00
1.500.00
0.00
3,500.00
BOND PRINCIPAL -1996
470.000.00
0.00
O.OD
470,000.00
BOND INTEREST - 1996
203.130.00
0.00
0.00
203,130.00
TRANSFER OUT
ODD
0.00
0.00
0.00
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
0,00
OAO
0.00
0,00
TRANSFER OUT
0.00
0.00
000
0.00
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY 618.130.00
008
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