2020 02 18 CouncilCITY COUNCIL AGENDA 1 FEBRUARY 18, 2020
CITY COUNCIL
AGENDA
CITY HALL COUNCIL CHAMBER
78495 Calle Tampico, La Quinta
REGULAR MEETING ON TUESDAY, FEBRUARY 18, 2020
3:00 P.M. CLOSED SESSION | 4:00 P.M. OPEN SESSION
CALL TO ORDER
ROLL CALL: Councilmembers: Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
At this time, members of the public may address the City Council on any matter not
listed on the agenda. Please complete a "Request to Speak" form and limit your
comments to three minutes. The City Council values your comments; however, in
accordance with State law, no action shall be taken on any item not appearing on the
agenda unless it is an emergency item authorized by GC 54954.2(b).
CONFIRMATION OF AGENDA
CLOSED SESSION
1. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION;
SIGNIFICANT EXPOSURE TO LITIGATION PURSUANT TO PARAGRAPH (2) OR
(3) OF SUBDIVISION (d) of GOVERNMENT CODE SECTION 54956.9 (NUMBER
OR POTENTIAL CASES: 1)
2. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION PURSUANT
TO PARAGRAPH (1) OF SUBDIVISION (d) of GOVERNMENT CODE SECTION
54956.9; NAME OF CASE: WASHINGTON-111, LTD., CLAIMANT, V. CITY OF
LA QUINTA, RESPONDENT, JUDICATE WEST ALTERNATIVE DISPUTE
RESOLUTION CASE NO. A257070
City Council agendas and staff reports
are available on the City’s
web page: www.LaQuintaCA.gov
CITY COUNCIL AGENDA 2 FEBRUARY 18, 2020
3. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION PURSUANT TO
PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION
54956.9. NAME OF CASE: CITY OF LA QUINTA V. CHIN FAMILY PROPERTIES
LIMITED PARTNERSHIP, ET AL., RIVERSIDE COUNTY SUPERIOR COURT CASE
NO. PSC1803284
RECESS TO CLOSED SESSION
RECONVENE AT 4:00 P.M.
REPORT ON ACTIONS(S) TAKEN IN CLOSED SESSION
PLEDGE OF ALLEGIANCE
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
At this time, members of the public may address the City Council on any matter not
listed on the agenda. Please complete a "Request to Speak" form and limit your
comments to three minutes. The City Council values your comments; however, in
accordance with State law, no action shall be taken on any item not appearing on the
agenda unless it is an emergency item authorized by GC 54954.2(b).
ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS
1. PROCLAMATION RECOGNIZING LIEUTENANT TAPP WITH RIVERSIDE COUNTY
SHERRIFF’S DEPARTMENT FOR HIS PUBLIC SERVICE
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one
motion.
PAGE
1. APPROVE MINUTES OF JANUARY 21, 2020 MEETING
7
2. APPROVE MINUTES OF FEBRUARY 3, 2020 SPECIAL CITY COUNCIL
MEETING FOR SHORT-TERM VACATION RENTAL AD-HOC COMMITTEE
APPOINTMENTS
21
3. RECEIVE AND FILE SECOND QUARTER 2019/20 TREASURY REPORTS
FOR OCTOBER, NOVEMBER, AND DECEMBER 2019
27
4. APPROVE DEMAND REGISTERS DATED JANUARY 24 AND 31, 2020 69
5. APPROVE AMENDMENT NO. 9 TO PROFESSIONAL SERVICES
AGREEMENT WITH MICHAEL BAKER INTERNATIONAL TO PERFORM
ADDITIONAL SERVICES FOR THE SILVERROCK VENUE SITE PROJECT
NO. 2016-08
91
CITY COUNCIL AGENDA 3 FEBRUARY 18, 2020
6. AUTHORIZE OVERNIGHT TRAVEL FOR THE MARKETING MANAGER TO
ATTEND VISIT CALIFORNIA MEDIA RECEPTION IN LOS ANGELES,
CALIFORNIA, APRIL 28-29, 2020
103
BUSINESS SESSION
PAGE
1.ADOPT RESOLUTION TO AMEND TITLE AND CLASSIFICATION OF
SENIOR ACCOUNTANT TO ACCOUNTING MANAGER, ASSOCIATE
ENGINEER TO A HIGHER RATING, MANAGEMENT ASSISTANT TO AN
ADMINISTRATIVE TECHNICIAN, ADD ACCOUNT TECHNICIAN
POSITION; AND APPROVE RELATED BUDGET ADJUSTMENTS
[RESOLUTION NO. 2020-004]
105
2. RECEIVE AND FILE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR
YEAR ENDING JUNE 30, 2019
139
3.INTRODUCE AN ORDINANCE AT FIRST READING TO AMEND SECTIONS
OF CHAPTER 2.04 – COUNCIL AND CHAPTER 2.08 – CITY MANAGER OF
THE LA QUINTA MUNICIPAL CODE RELATED TO APPEALS
[ORDINANCE NO. 583]
335
STUDY SESSION
PAGE
1. DISCUSS LA QUINTA ART CELEBRATION TRAFFIC PLAN
349
PUBLIC HEARINGS – NONE
DEPARTMENTAL REPORTS
1. CITY MANAGER
2. CITY ATTORNEY
3. CITY CLERK
4. COMMUNITY RESOURCES
5. DESIGN AND DEVELOPMENT – REGULATIONS ON TEMPORARY
DECORATIONS AND HOLIDAY LIGHTS
351
6. PUBLIC WORKS – 2019 PUBLIC WORKS RECAP
355
7. FINANCE
CITY COUNCIL AGENDA 4 FEBRUARY 18, 2020
2. CVAG ENERGY AND ENVIRONMENTAL RESOURCES COMMITTEE (Evans)
3. CVAG EXECUTIVE COMMITTEE (Evans)
4. GREATER PALM SPRINGS CONVENTION AND VISITORS BUREAU (Evans)
5. LEAGUE OF CALIFORNIA CITIES DELEGATE (Evans)
6. COACHELLA VALLEY WATER DISTRICT JOINT POLICY COMMITTEE (Evans)
7. SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS (Evans)
8. ECONOMIC DEVELOPMENT SUBCOMMITTEE (Evans & Peña)
9. COACHELLA VALLEY MOUNTAINS CONSERVANCY (Fitzpatrick)
10. DESERT RECREATION DISTRICT COMMITTEE (Fitzpatrick & Radi)
11. COACHELLA VALLEY UNIFIED SCHOOL DISTRICT COMMITTEE (Fitzpatrick & Peña)
12. RIVERSIDE COUNTY TRANSPORTATION COMMISSION (Fitzpatrick)
13. SILVERROCK EVENT SITE AD HOC COMMITTEE (Fitzpatrick)
14. GREATER CV CHAMBER OF COMMERCE INFORMATION EXCHANGE
COMMITTEE (Fitzpatrick)
15. CANNABIS AD HOC COMMITTEE (Peña and Sanchez)
16. CVAG PUBLIC SAFETY COMMITTEE (Peña)
17. CVAG VALLEY-WIDE HOMELESSNESS COMMITTEE (Peña)
18. LEAGUE OF CALIFORNIA CITIES – PUBLIC SAFETY POLICY COMMITTEE (Peña)
19 IMPERIAL IRRIGATION DISTRICT – ENERGY CONSUMERS ADVISORY
COMMITTEE (Peña)
20. CVAG TRANSPORTATION COMMITTEE (Radi)
21. SUNLINE TRANSIT AGENCY (Radi)
22. CITYWIDE SECURITY CAMERAS AD HOC COMMITTEE (Radi)
23. DESERT SANDS UNIFIED SCHOOL DISTRICT COMMITTEE (Radi & Sanchez)
24. ANIMAL CAMPUS COMMISSION (Sanchez)
25. LEAGUE OF CALIFORNIA CITIES – TRANSPORTATION, COMMUNICATION
AND PUBLIC WORKS POLICY COMMITTEE (Sanchez)
26. RIVERSIDE LOCAL AGENCY FORMATION COMMISSION (Sanchez)
27. COMMUNITY SERVICES COMMISSION REGULAR MEETING MINUTES
DATED JANUARY 13, 2020
359
28. PLANNING COMMISSION REGULAR MEETING MINUTES DATED JANUARY
28, 2020
361
ADJOURNMENT
*********************************
The next regular meeting of the City Council will be held on March 3, 2020 at
4:00 p.m. at the City Hall Council Chambers, 78495 Calle Tampico, La Quinta,
CA 92253.
MAYOR’S AND COUNCIL MEMBERS’ ITEMS
REPORTS AND INFORMATIONAL ITEMS
1. CVAG CONSERVATION COMMISSION (Evans)
CITY COUNCIL AGENDA 5 FEBRUARY 18,2020
I, Monika Radeva, City Clerk, of the City of La Quinta, do hereby declare that
the foregoing Agenda for the La Quinta City Council meeting was posted on the
City’s website, near the entrance to the Council Chambers at 78495 Calle
Tampico, and the bulletin boards at the Stater Brothers Supermarket at 78630
Highway 111, and the La Quinta Cove Post Office at 51321 Avenida Bermudas,
on February 14, 2020.
DATED: February 14, 2020
MONIKA RADEVA, City Clerk
City of La Quinta, California
Public Notices
The La Quinta City Council Chamber is handicapped accessible. If special equipment
is needed for the hearing impaired, please call the City Clerk’s office at (760) 777-
7092, twenty-four (24) hours in advance of the meeting and accommodations will
be made.
If special electronic equipment is needed to make presentations to the City Council,
arrangements should be made in advance by contacting the City Clerk’s office at
(760) 777-7092. A one (1) week notice is required.
If background material is to be presented to the Councilmembers during a City
Council meeting, please be advised that eight (8) copies of all documents, exhibits,
etc., must be supplied to the City Clerk for distribution. It is requested that this take
place prior to the beginning of the meeting.
Any writings or documents provided to a majority of the City Council regarding any
item(s) on this agenda will be made available for public inspection at the Community
Development counter at City Hall located at 78495 Calle Tampico, La Quinta,
California, 92253, during normal business hours.
DECLARATION OF POSTING
CITY COUNCIL MINUTES Page 1 of 14 JANUARY 21, 2020
CITY COUNCIL
MINUTES
TUESDAY, JANUARY 21, 2020
CALL TO ORDER
A regular meeting of the La Quinta City Council was called to order at 3:30
p.m. by Mayor Evans.
PRESENT: Councilmembers Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans
ABSENT: None
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None
CONFIRMATION OF AGENDA
City Attorney Ihrke said City Manager McMillen and the City Attorney request
to pull from the agenda consideration of part of Business Session Item No. 1,
and more specifically consideration of the proposed employee
reclassifications, addition of a new position, and any related budget
adjustments thereof. Council concurred.
CLOSED SESSION
1.PUBLIC EMPLOYEE PERFORMANCE EVALUATION (QUARTERLY
REVIEW) PURSUANT TO GOVERNMENT CODE SECTION 54957,
COUNCIL APPOINTED POSITION – CITY MANAGER
COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETING
AND MOVED INTO CLOSED SESSION AT 3:31 P.M.
MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE
CITY COUNCIL MEETING AT 4:00 P.M. WITH ALL MEMBERS PRESENT
REPORT ON ACTION(S) TAKEN IN CLOSED SESSION:
Mayor Evans said no actions were taken in Closed Session that require
reporting pursuant to Government Code Section 54957.1 (Brown Act), and
Council will continue consideration of Closed Session Item No. 1 after the open
session of the meeting.
PLEDGE OF ALLEGIANCE
Councilmember Radi led the audience in the Pledge of Allegiance.
CONSENT CALENDAR ITEM NO. 1
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CITY COUNCIL MINUTES Page 2 of 14 JANUARY 21, 2020
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
PUBLIC SPEAKER: Richard (Dick) Mills, La Quinta – read written comments
he provided to Council in opposition of the proposed gas station as part of the
Pavilion Palms shopping center located at the northeast corner of Jefferson
Street and Avenue 50; the comments were incorporated into the record and
made available to the public.
PUBLIC SPEAKER: Yolanda Mills, La Quinta – said she echoes the comments
provided by her husband, Dick Mills, in opposition of the proposed gas station
as part of the Pavilion Palms shopping center; noted there is no need for a gas
station in that part of La Quinta, and it goes against the City’s “Gem of the
Desert” image.
PUBLIC SPEAKER: Leslie Young, La Quinta – said she supports the
development at the top of the Cove parking lot on the east side, and is
opposed to the public restroom at the top of the Cove, but understands the
public restroom was voted a priority project by the community; requested that
the City consider closing the parking lot at dusk and installing a barrier to
prevent vehicle access after closure; and install a barrier, via building a wall
or planting hedges, on the strip of land between Avenida Herrera and Avenida
Bermudas, across from the parking lot, to protect the residents residing on
Avenida Herrera.
PUBLIC SPEAKER: John Cummings, La Quinta – expressed his disapproval of
the ample and continuous display of decorative holiday lighting at a
neighboring residence since October 1, 2019; requested that the City review
its current regulations governing temporary seasonal decorations and
implement stricter guidelines; and asked the City for assistance in alleviating
the substantial diminution of the enjoyment, use, and value of his property
due to the excessive decorative lights of his neighbor.
PUBLIC SPEAKER: Lenard Dobrowlski, La Quinta – said he is a proud Cove
resident, and a short-term vacation rental property owner; thanked the City
for providing a balanced lifestyle for its residents, and exceptional customer
service; noted the traffic at the top of the Cove has substantially increased
since the top of the Cove parking lot construction began, and a lot of people
are speeding coming around the curb on Avenida Herrera; said he would like
to see the empty former Ralph’s building addressed, offered his assistance in
any way possible, and suggested gathering a petition from the residents to
encourage the owner to invest in the center and get it operational again;
cautioned the City that public infrastructure such as the top of the Cove public
restroom may attract homeless population; and said he has applied for the
Short-Term Vacation Rental Program Ad-Hoc Committee, and expressed his
strong interest to serve on this Committee.
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PUBLIC SPEAKER: Mary Caldwell, La Quinta – spoke about the traffic
challenges associated with the American Express Golf Tournament concerts
held this past weekend; thanked the City for taking mitigation measures based
on the challenges experienced the first day of the event, and enforcing them
immediately for the remainder of the event; noted a comprehensive review
and plan must be implemented, following suit of the City’s actions for the
Ironman 70.3 Indian Wells La Quinta triathlon event; recommended the City
appoint a committee comprised of all responsible parties to evaluate the
situation and establish a mitigation plan; suggested the City consider
examining its special event permitting process, particularly the need to
establish a separate permitting process for events that exceed a certain
number of attendees, differentiate the golf tournament permit from the
concert permit, and require a broader combined oversight that includes
stronger community participation in conjunction with the event organizer;
require that City permits be obtained much earlier prior to the event, to allow
the City sufficient time to evaluate the plans and share them with other
responsible parties; provide appropriate oversight of the access points from
PGA West to the event site, and provide additional cell tower service; and
noted overall she was pleased with the event turn-out, but there is room for
improvement for next year’s event.
PUBLIC SPEAKER: Philip Bettencourt, La Quinta – said he agrees with the
comments presented by Mary Caldwell, he is a fan of the golf tournament
event, noted there were many challenges with the event, and expressed desire
to volunteer should a committee be established to evaluate and review the
American Express Golf Tournament; and commended the City, Riverside
County Sheriff’s Department, and the volunteers for their mitigation efforts.
Mayor Evans welcomed former member of the City of Indian Wells City
Council, Mr. Percy Byrd.
ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS
City Manager McMillen said City employee AJ Ortega was appointed as the
City’s Building Official.
1. PRESENTATION BY QUEEN SCHEHERAZADE AND HER COURT ON
BEHALF OF THE RIVERSIDE COUNTY FAIR AND NATIONAL DATE
FESTIVAL
A presentation by Queen Scheherazade and her court was made on behalf of
the upcoming Riverside County Fair and National Date Festival, to be held
February 14 through 23, 2020, at 82503 Highway 111 in Indio. The 2020
representatives are:
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Queen Scheherazade – Kayley Sorano, California State University San
Bernardino
Princess Dunyazade – Alexandria Gooray, Centennial High School
Princess Jasmine – Analise Ortega, Shadow Hills High School
CONSENT CALENDAR
1. APPROVE MINUTES OF DECEMBER 17, 2019
2. APPROVE SPECIAL COMMUNITY WORKSHOP MEETING MINUTES
OF JANUARY 11, 2020
3. AUTHORIZE OVERNIGHT TRAVEL FOR COMMUNITY RESOURCES
SPECIALIST TO ATTEND CALIFORNIA PARKS AND RECREATION
SOCIETY CONNECTIONS CONFERENCE AND EXPO IN LONG
BEACH, CALIFORNIA, MARCH 10-13, 2020
4. AUTHORIZE OVERNIGHT TRAVEL FOR SENIOR EMERGENCY
MANAGEMENT COORDINATOR TO ATTEND THE NATIONAL
EMERGENCY MANAGEMENT BASIC ACADEMY IN SAN DIEGO,
CALIFORNIA, FEBRUARY 24-28, 2020
5. AUTHORIZE OVERNIGHT TRAVEL FOR TWO PARKS AND
LANDSCAPE MAINTENANCE EMPLOYEES TO ATTEND THE
CALIFORNIA PARKS AND RECREATION SOCIETY PLAYGROUND
SAFETY INSPECTOR CERTIFICATION COURSE IN LONG BEACH,
CALIFORNIA, MARCH 10-12, 2020
6. ACCEPT DUNE PALMS ROAD WIDENING PROJECT LOCATED ON
DUNE PALMS ROAD BETWEEN WESTWARD HO
DRIVE/BLACKHAWK WAY AND 330 FEET NORTH OF THE
COACHELLA VALLEY STORM WATER CHANNEL (PROJECT NO.
2009-04/091004)
7. AUTHORIZE PURCHASES WITH TOPS-N-BARRICADES FOR
TRAFFIC CONTROL EQUIPMENT FOR UP TO $80,000 FOR FISCAL
YEAR 2019/20
8. ADOPT RESOLUTION TO APPROVE FINAL PARCEL MAP NO.
37729 LOCATED SOUTH OF HIGHWAY 111 AND WEST OF DUNE
PALMS ROAD [RESOLUTION NO. 2020-001]
9. ADOPT RESOLUTION TO SUPPORT THE CITY OF LA QUINTA’S
PARTICIPATION IN THE RIVERSIDE COUNTY 2020 CENSUS
OUTREACH [RESOLUTION NO. 2020-002]
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10. APPROVE DEMAND REGISTERS DATED DECEMBER 13 AND 20,
2019, AND JANUARY 3, 2020
11. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
OCTOBER 31, 2019
CONSENT CALENDAR ITEM NO. 2
Mayor Evans said the City held its 7th Annual Community Workshop on January
11, 2020, at the La Quinta Wellness Center; commended the community for
their attendance, participation, and commitment to La Quinta in identifying
the City’s future priorities; and thanked Staff for their efforts in organizing the
workshop.
MOTION – A motion was made and seconded by Councilmembers
Peña/Fitzpatrick to approve the Consent Calendar as recommended, with Item
Nos. 9 and 10 adopting Resolution Nos. 2020-001 and 2020-002 respectively.
Motion passed unanimously.
BUSINESS SESSION
1. ADOPT RESOLUTION TO AMEND TITLE AND CLASSIFICATION OF
SENIOR ACCOUNTANT TO ACCOUNTING MANAGER, ASSOCIATE
ENGINEER TO A HIGHER RATING, MANAGEMENT ASSISTANT TO
AN ADMINISTRATIVE TECHNICIAN, HUMAN RESOURCES
MANAGER TO HUMAN RESOURCES/RISK MANAGER, AND ADD
ACCOUNT TECHNICIAN POSITION; RECEIVE AND FILE FISCAL
YEAR 2019/20 MID-YEAR BUDGET REPORT, APPROVE THE
RECOMMENDED BUDGET ADJUSTMENTS, AND DESIGNATE
RESERVE FUNDING ALLOCATIONS [RESOLUTION NO. 2020-003]
City Attorney Ihrke said per the request of the City Manager and the
City Attorney during the Confirmation of Agenda section of the Agenda,
part of Business Item No. 1 related to the proposed employee
reclassifications, addition of a new position, and any related budget
adjustments thereof was removed from consideration, and the staff
report has been modified to reflect this amendment.
Finance Director Romero and Assistant to the City Manager Villalpando
presented the staff report, which is on file in the Clerk’s Office.
Council discussed the City’s obligations under CalRecycle to promote and
monitor recycling, and provide education on composting, recycling, and re-
use, in an effort to reduce organic waste and get everyone to compost 100%
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CITY COUNCIL MINUTES Page 6 of 14 JANUARY 21, 2020
by 2024; and the City reserves and funding options as presented in the staff
report.
PUBLIC SPEAKER: Richard (Dick) Mills, La Quinta, Chairman of the City’s
Financial Advisory Commission – recommended funding Option 3 as presented
in the staff report, and said the City established a Pension Trust Fund, separate
from CalPERS, that allows the City to control the investment, and the fund is
performing better than expected.
MOTION – A motion was made and seconded by Councilmembers
Fitzpatrick/Peña to Receive and File Fiscal Year 2019/20 Mid-Year Budget
Report; approve the recommended budget adjustments, excluding any
personnel related budget adjustments; and allocate $5 million dollars of
unassigned reserve funds pursuant to Option No. 3 in the staff report as
follows - $3,460,000 to Pension Trust Benefits and $1,540,000 to Capital
Replacement Reserve. Motion passed unanimously.
2. APPROVE AGREEMENT FOR CONTRACT SERVICES WITH ALONGI
EBENISTERIE ET CG, INC FOR UPGRADES, MODIFICATIONS, AND
INSTALLATION OF CITY OWNED MODULAR STRUCTURE TO BE
USED PERMANENTLY AT SILVERROCK EVENT SITE
Management Analyst Ferreira presented the staff report, which is on file in the
Clerk’s Office.
Council discussed the modular structure is anticipated to be installed by June
2020; the SilverRock Park Venue Ad-Hoc Committee’s determination that a
permanent structure on the site will increase the site’s usability for events;
the modular building architecture is compatible with the SilverRock Resort
hotel and residential units developments; lighting around the site and on the
modular building; and safety monitoring presence due to the hotel
development.
PUBLIC SPEAKER: Lenard Dobrowlski, La Quinta – inquired whether events
held at the modular building will produce sufficient revenues to cover any
related expenses; and commended the City’s Wellness Center.
Council discussed the intent that the event center is set-up and managed in a
manner that ensures the revenues collected off-set any related maintenance
and operational expenses; this event site is larger than the current Civic
Center park and will accommodate larger events; and would likely be used by
the surrounding SilverRock hotel/resort facilities for conventions, and other
group events.
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Community Resources Manager Calderon spoke about the different event
types the building could accommodate, and Staff’s efforts to promote
partnerships with non-profit and other organizations for the site’s use, as well
as with Montage hotel for programing, and staging for food and beverage
group events.
Council discussed the total cost for the installation and modification of the
modular building is higher than originally anticipated, however, it is an
economical alternative when compared to constructing a permanent building
on the site.
MOTION – A motion was made and seconded by Councilmembers
Fitzpatrick/Radi to approve an Agreement for Contract Services with Alongi
Ebenisterie et CG, Inc. for upgrades, modifications, and installation of the City
owned modular structure to be used at the SilverRock Event Site as a
permanent facility; and authorize the City Manager to execute the agreement.
Motion passed unanimously.
STUDY SESSION
1. DISCUSS SHORT-TERM VACATION RENTAL PROGRAM AD-HOC
COMMITTEE (COMMITTEE) COMPOSITION, RECRUITMENT, AND
OBJECTIVES
City Clerk Radeva and Design and Development Director Castro presented the
staff report, which is on file in the Clerk’s Office.
Council discussed the City’s efforts to launch by the end of January 2020 its
short-term vacation rental program (STVRP) online portal providing the ability
to pay transient occupancy tax (TOT) and to apply/renew STVR permits
online; the Committee’s membership size; ability to subdivide the
Committee’s members into separate groups tasked to evaluate and review
different topics; importance to have a balanced representation of La Quinta
residents on the Committee; applicants can be grouped by categories to
ensure the Committee’s membership diversely represents the community;
input from the City’s boards and commissions could be derived by providing
them with updates of the Committee’s progress during their regularly
scheduled meetings; members currently serving on the City’s boards and
commission could bring a unique perspective; and the interview process
provides an opportunity for the applicants to share their experience and
passion for this subject.
PUBLIC SPEAKER: Richard (Dick) Mills, La Quinta – said the Committee could
act in a “steering” capacity and create a number of subcommittees tasked with
different subject matters; the subcommittees’ membership would be selected
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from the list of applicants; and recommended that Council conduct interviews
and appoint a seven-member Committee.
PUBLIC SPEAKER: Percy Byrd, Bermuda Dunes – said he is very involved in
the desert community, was a former councilmember for the City of Indian
Wells, and has served on the Sunline Transit Agency Board of Directors;
STVRP affects the entire community, and although resident input is critical, it
is also important to have non-resident input.
PUBLIC SPEAKER: Lynn Daniels, La Quinta – suggested that applicants are
grouped based on the perspective they bring and are interviewed collectively.
PUBLIC SPEAKER: Lenard Dobrowlski, La Quinta – recommended that the
Committee’s proposed objectives be streamlined; the mechanics of the STVRP
online access should not be under the purview of the Committee; further
surveying the applicants would be beneficial to ensure there is no “double-
dipping.”
PUBLIC SPEAKER: Leslie Young, La Quinta – clarified that the Committee’s
meetings will be open to the public and applicants who are not appointed
would be able to attend and participate as members of the public.
PUBLIC SPEAKER: David Dinnel, Hawthorne – said he was pleased there was
such strong interest to serve on the Committee; it is important that the
Committee’s membership represents different points of view; and expressed
his strong interest to serve on the Committee.
Council discussed the Committee could bring forth recommendations to
Council at any time during the 12-month period; conducting streamlined
interviews on February 3rd as contemplated, and establishing a strict protocol
and limit each applicant’s presentation to three-minutes; polling applicants on
their time availability to schedule their interviews, and grouping them by
category; interest to interview all applicants and get their input directly;
Council reached a consensus and directed Staff to poll the applicants on their
interview time slot availability starting at 4 p.m., their permanent residence,
whether or not they are able to attend the 12 Committee meetings, and state
the top three STVRP related topics they are interested in and explain why;
and to schedule the interviews based on 1) each applicant’s availability, and
2) group the applicants by category:
HOA Board Member
STVR Owner
Property Management Company
Current City Board/Commission Member
Neighborhood Impacted
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MAYOR EVANS CALLED FOR A BRIEF RECESS AT 6:02 P.M.
MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE
CITY COUNCIL MEETING AT 6:23 P.M. WITH ALL MEMBERS PRESENT
2. DISCUSS IRONMAN 70.3 INDIAN WELLS-LA QUINTA TRIATHLON
2019 UPDATE
Management Analyst Torres and Community Resources Director Escobedo
presented the staff report, which is on file in the Clerk’s Office.
Lieutenant Tapp with Riverside County Sheriff’s Department said the traffic
control plan was effective and worked well with the event, thus no changes
are being contemplated for future Ironman events.
Council discussed the traffic plan street closures and alternative routes;
comments related to needed improvements in the unincorporated Riverside
County (County) route areas related to community outreach and traffic control
which is under the California Highway Patrol jurisdiction; expressed desire
from triathlon participants to use more of the track in Thermal; allowing
participants to explore and get familiar with the track the day prior to the
event; importance of additional collaboration with the County to ensure the
challenges experienced are mitigated; County representation at the command
control center; outreach efforts in the Vista Santa Rosa area; athletes are
made aware that if unable to complete the triathlon within the set time
parameters for the race, have the option to be picked-up or sign a waiver
should they continue, they are subject to the rules of the road; and the City
followed the “no man gets left behind” approach to ensure everyone’s safety.
Emergency Services Analyst Johnston said he was in communication with
Riverside County Fire Department Battalion Chief De La Cruz during the event,
who was in turn communicating with American Medical Response (AMR) and
fire personnel on the course; Ironman’s AMR posts handled all occurrences
internally on the course; and there were three/four instances that needed to
be transported; transports were successful and did not impact the local system
because sufficient resources were deployed for the event based on the event
plan.
Council discussed the road condition outside of Lake Cahuilla leading up to
Jefferson Street and Avenue 58 needing improvement, Staff should
investigate who owns it and explore improvement options; Public Works
Director/City Engineer McKinney said the road is within the County’s
jurisdiction.
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CITY COUNCIL MINUTES Page 10 of 14 JANUARY 21, 2020
Council directed Staff to submit a formal request with the County requesting
that the quality of the road be improved to ensure safety.
Council further discussed general support to continue negotiations to hold
future Ironman triathlon events; explore splitting the City’s contribution of
$30,000 for additional outreach with the event organizers; look into creating
a cooperative program and marketing strategies through outreach to promote
the businesses along Highway 111 and Old Town La Quinta; Staff’s
collaborative efforts to promote and tie in the annual Tamale Festival in Indio
along with Ironman; and explore conducting the event on Saturday instead of
Sunday to allow participants and visitors to celebrate and enjoy the
community on Saturday night following the race, instead of rushing to get
back to home.
Staff responded that sharing the additional outreach costs were already under
negotiations; the Greater Palm Springs Convention and Visitors Bureau (CVB)
has committed to conduct an economic benefits study, results are anticipated
some time in February; and traffic counts are generally lower on Sundays,
which is the rationale behind holding the event on a Sunday instead of a
Saturday, to mitigate the impacts on the local community.
Council discussed Vista Santa Rosa’s community Council meeting is scheduled
for January 29, 2020, and Staff should attend to get their input and
comments; “IronKids” races offering young children and youth athletes an
opportunity to participate were very popular, and it is important to continue
offering them; businesses must launch self-promoting strategies; additional
educational and outreach options to help mitigate the “crunch” traffic points
and create more awareness; and inquire with Ironman how athletes’ racing
times are tracked, which may allow to better determine traffic impacts.
Council reached a consensus and directed Staff to continue negotiations to
hold future Ironman events in the City, to communicate that the City’s plan
will not change, and that there might be minor improvements for the
participants in the County area such as the use of the track in Thermal.
Council directed Staff to schedule a Study Session item at a future Council
meeting, to receive an update and discuss the progress of the upcoming La
Quinta Art Celebration event.
Council noted that getting things right the first time is a priority.
Council directed Staff to invite Ironman Volunteer Director and Community
Liaison Alex Napier to a Council meeting to receive a Certificate of Recognition
for her commitment, dedication, and efforts on the coordination and
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CITY COUNCIL MINUTES Page 11 of 14 JANUARY 21, 2020
community engagement for the Indian Wells La Quinta 2019 Ironman 70.3
event.
3. DISCUSS CULTURAL CAMPUS DESIGN SCOPE
Community Resources Director Escobedo presented the staff report, which is
on file in the Clerk’s Office.
Council discussed the costs for maintaining a Cultural Campus as
contemplated with adding new buildings, archival storage, programing, etc.
will be significant; is the idea to create a museum or instead a Cultural Campus
that highlights La Quinta’s history and the Coachella Valley’s development;
the museum building was not properly designed to function as a museum;
Francis Hack park is underutilized as well as the building on its grounds, and
the City should explore the need to invest in it to establish connectivity to the
Cultural Campus; the Lumber Yard building has a historical significance to the
La Quinta’s history; consult with a professional in this field to determine the
physical improvements needed on the existing historical buildings on this site;
there is a need to look at the entire area cohesively to create a master plan
to establish connectivity and continuation of design; challenges with
establishing connectivity; what is the plan for this project long term; there is
a great need for a facility to house the historical archive, for which the costs
are borne by the La Quinta Historical Society; create a preliminary sketch that
shows what the design and connectivity would look like between the
contemplated Cultural Campus as a starting point to allow the City to
concentrate on the items that can be accomplished now; staying focused on
the long term cohesive goal to make the Cultural Campus a catalyst for the
surrounding City-owned parcels around the park, and establish connectivity
and activate the entire area from the Civic Center Campus, Old Town, Old
Town Artisan Studio, the Village, Frances Hack park, integrate the Complete
Streets project, etc.; this project should be approached similar to the Highway
111 Corridor revisioning efforts; the pending grant application submitted with
the National Endowment for the Arts, if awarded would provide $200,000 in
funding contingent on a match from the City, and could be used to activate
the Art Promenade, results are anticipated in April; and there is a need to
discuss partnering with Desert Recreation District (DRD) to explore options to
re-activate the amphitheater and the park.
PUBLIC SPEAKER: Linda Williams, President of the La Quinta Historical Society
(Society) – thanked the City for purchasing the Lumber Yard building to
preserve it for the community; creating a Cultural Campus would be a dream;
the Society received a major donation from the Kennedy family couple of years
ago, which created major storage challenges in the museum; the Society is
responsible for properly storing and maintaining the archives entrusted to
them; retrofitting the Lumber Yard building to ensure it is climate controlled
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CITY COUNCIL MINUTES Page 12 of 14 JANUARY 21, 2020
and water tight to accommodate the proper storing of archives is very
expensive and would never be as secure as a new building; desire to open the
design and connect the existing buildings, as well as to increase programming
for the museum; museum artifacts could be stored off site; and it would be
exciting to see a design of how the space could be developed and what it
would look like.
Council discussed the estimated cost for the Cultural Campus and Village Art
Promenade is substantial to invest without the rest of the components being
operational; would like to accommodate the storage needs of the Society;
explore the design and connectivity of the three adjacent parcels only; and
ability to place a temporary structure behind the Lumber Yard or secure an
off-site storage location appropriate to accommodate the storing of archives
temporarily.
Council reached a consensus not to move forward with the Cultural Campus
design scope as presented for the $610,000; and expressed general support
to proceed with the preparation of a comprehensive master plan, that also
looks at the three-lot Cultural Campus as an integral piece, and allows for both
to be developed simultaneously; the master plan is the focal part of the project
and would provide a phased-in design and implementation of the Cultural
Campus which the City can implement incrementally; and identify temporary
solutions to accommodate the Society’s immediate storage needs for the
archives.
General discussion followed regarding the service and operational agreement
between the City and LS&S for the library and museum, which should be
included as part of this project’s future discussions.
4. DISCUSS AVENUE 48 ARTS AND MUSIC LINE PROJECT
Public Works Director/City Engineer McKinney presented the staff report,
which is on file in the Clerk’s Office.
PUBLIC SPEAKER: Erica Felci, Governmental Projects Manager with Coachella
Valley Association of Governments (CVAG) – said this project stretches the
imagination because it is not a simple bike trail that helps you get to a
destination, but it is a destination in and of itself; it will incorporate what the
cities of Coachella, Indio, and La Quinta have already embraced in terms of
the art and music culture; the design features will be interactive and will
include “art activation” areas along the route that may transition throughout
the year; explained the California state grant application process, and CVAG’s
efforts to get the project as competitive as possible; the project spans
approximately 10 miles across the three cities; spoke about grant funding
secured by CVAG for the CV Link project; this project will be presented for
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CITY COUNCIL MINUTES Page 13 of 14 JANUARY 21, 2020
consideration in front of the other cities in February; and CVAG is in the
process of reaching out to the school districts and the recreation/park districts.
Council discussed investing in this project now will make the project more
competitive to receive grant funding not only at the state level, but at the
federal level as well; and La Quinta’s portion of the cost would be allocated
from current General Fund surplus.
Council requested that CVAG keep them apprised of the total cost of the
project and grant request is going to be once the project design is completed,
so that La Quinta is aware of its proportionate cost share for the project.
Council reached a consensus and expressed general support for the project.
PUBLIC HEARINGS – None
DEPARTMENTAL REPORTS
All reports are on file in the City Clerk’s Office.
1. CITY ATTORNEY
City Attorney Ihrke said the Planning Commission adopted Planning
Commission Resolution No. 2020-001 at their regular meeting of January 14,
2020, amending the Planning Commission’s regular meeting time from 6:00
p.m. to 5:00 p.m.
MAYOR’S AND COUNCIL MEMBERS’ ITEMS
Council said the American Express Golf Tournament and Concert Series held
this past weekend was well attended.
Council reported Mayor Evans would be receiving the 2020 Women Leadership
Forum’s Visionary Award on January 24, 2020 at the Aqua Caliente Casino in
Palm Desert.
REPORTS AND INFORMATIONAL ITEMS
La Quinta’s representative for 2019, Mayor Evans reported on her participation
in the following organizations meeting:
CVAG COACHELLA VALLEY CONSERVATION COMMISSION
CVAG ENERGY AND ENVIRONMENTAL RESOURCES COMMITTEE
LEAGUE OF CALIFORNIA CITIES – RIVERSIDE DIVISION
MEETING
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CITY COUNCIL MINUTES Page 14 of 14 JANUARY 21, 2020
La Quinta’s representative for 2019, Councilmember Fitzpatrick reported on
her participation in the following organizations’ meetings:
COACHELLA VALLEY MOUNTAINS CONSERVANCY
GREATER CV CHAMBER OF COMMERCE INFORMATION
EXCHANGE COMMITTEE
RIVERSIDE COUNTY TRANSPORTATION COMMISSION (RCTC)
La Quinta’s representative for 2019, Councilmember Peña reported on his
participation in the following organization’s meeting:
CVAG VALLEY-WIDE HOMELESSNESS COMMITTEE
Mayor Pro Tem Peña reported the Imperial Irrigation District Board ratified his
and Lee Osborne’s appointments as the La Quinta representatives.
COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETING
AND MOVED INTO CLOSED SESSION AT 8:29 P.M.
MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE
CITY COUNCIL MEETING AT 9:22 P.M. WITH ALL MEMBERS PRESENT
REPORT ON ACTION(S) TAKEN IN CLOSED SESSION:
Mayor Evans reported no actions were taken in Closed Session that require
reporting pursuant to Government Code section 54957.1 (Brown Act).
ADJOURNMENT
There being no further business, a motion was made and seconded by
Councilmembers Peña/Fitzpatrick to adjourn at 9:24 p.m. Motion passed
unanimously.
Respectfully submitted,
MONIKA RADEVA, City Clerk
City of La Quinta, California
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CITY COUNCIL MINUTES Page 1 of 6 FEBRUARY 3, 2020
SPECIAL MEETING STVRP AD-HOC COMMITTEE
CITY COUNCIL
MINUTES
SPECIAL MEETING
MONDAY, FEBRUARY 3, 2020
SHORT-TERM VACATION RENTAL PROGRAM
AD-HOC COMMITTEE FORMATION AND RECRUITMENT
CALL TO ORDER
A special meeting of the La Quinta City Council was called to order at 4:02
p.m. by Mayor Evans.
PRESENT: Councilmembers Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans
ABSENT: None
PLEDGE OF ALLEGIANCE
City Attorney Ihrke led the audience in the Pledge of Allegiance.
CONFIRMATION OF AGENDA – Confirmed
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None
ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS
- None
BUSINESS SESSION
1. APPROVE SHORT-TERM VACATION RENTAL PROGRAM AD-HOC
COMMITTEE MEMBERSHIP; AND INTERVIEW AND APPOINT
CANDIDATES TO SERVE ON THE COMMITTEE
Council waived presentation of the staff report, which is on file in the Clerk’s
Office.
Mayor Evans thanked all applicants for their willingness to serve the City and
explained the process Council follows in conducting interviews and appointing
members.
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CONSENT CALENDAR ITEM NO. 2
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CITY COUNCIL MINUTES Page 2 of 6 FEBRUARY 3, 2020
SPECIAL MEETING STVRP AD-HOC COMMITTEE
Mayor Pro Tem Peña said should there be a need to continue this Committee
beyond the initially contemplated 12 months, unsuccessful applicants from
this round could be considered to serve on the Committee at that time.
The following applicants gave a brief presentation of their experience and
qualifications in the order listed below based on 1) interview appointment, 2)
category of the capacity in which they represent the community, and 2)
alphabetical surname order.
Interviews held from 4:00 p.m. to 5:00 p.m.
HOA Board Member
1.Deborah Brill
Neighborhood Impacted
2.Marsha Billa
3.Mary Caldwell (also Planning Commissioner)
4.Donald (Gene) Church
5.Stella Church
6.Marcia Cutchin
7.James Lambert
8.Derek Spinney
9.Les Utley
10.Leslie Young
STVR Owner
11.Elena Bonilla
12.Michele McDonough (also Housing Commissioner)
13.Sally Shelton
Property Management Company
14.Alex Chernavsky
15.Robert Davis
16.Michele Hamid
Interviews held from 5:00 p.m. to 6:00 p.m.
Commission Member
17.Richard (Dick) Mills – Financial Advisory Commission
Neighborhood Impacted
18.Lawrence Best
19.Percy Byrd
HOA Board Member
20.Gavin Schutz (also Neighborhood Impacted)
21.Sandy Robbins (also STVR Owner)
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CITY COUNCIL MINUTES Page 3 of 6 FEBRUARY 3, 2020
SPECIAL MEETING STVRP AD-HOC COMMITTEE
Property Management Company
22.Vidal Coronel (also STVR Owner)
23.Gabriel Franco
24.Fiona Quinn
25.William Ramsey
26.Shana Rider (also Neighborhood Impacted)
STVR Owner
27.Chris Baldivid
28.Lynne Daniels
29.David Dinnel
30.Lisa Hackner (also Neighborhood Impacted)
31.Linda Hagood
MAYOR EVANS CALLED FOR A BRIEF RECESS OF THE SPECIAL CITY
COUNCIL MEETING AT 5:50 P.M.
MAYOR EVANS RECONVENED THE SPECIAL CITY COUNCIL MEETING AT
5:59 P.M. WITH ALL MEMBERS PRESENT
Interviews held from 6:00 p.m. to 6:30 p.m.
HOA Board Member
32.Barbara Montavon
STVR Owner
33.Jason Goff
34.Sandra Lewis
35.Malia Monroe
36.Eunice Somerset
37.David Trapani
38.Cynthia Wolcott
MAYOR EVANS CALLED FOR A BRIEF RECESS OF THE SPECIAL CITY
COUNCIL MEETING AT 6:24 P.M.
MAYOR EVANS RECONVENED THE SPECIAL CITY COUNCIL MEETING AT
6:59 P.M. WITH ALL MEMBERS PRESENT
Interviews held from 7:00 p.m. to 8:00 p.m.
HOA Board Member
39.Brian Stone (also STVR Owner)
Committee Member
40.Paul Valenzuela – Cannabis Ad-Hoc Committee
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CITY COUNCIL MINUTES Page 4 of 6 FEBRUARY 3, 2020
SPECIAL MEETING STVRP AD-HOC COMMITTEE
Neighborhood Impacted
41.Marty Butler
42.Timothy McQuiggan
43.Jonathan (Jody) Shapiro
STVR Owner
44.Bill Austin
45.Lynne Barry
46.Alex Chuo
47.Kelly Grotsky
48.Lori Jonasson (also Neighborhood Impacted)
49.Anjali Nagarkar
50.Austin Nash (also Neighborhood Impacted)
51.Jorge Navarro
52.Jalena Tamm
MOTION – A motion was made and seconded by Councilmembers
Radi/Fitzpatrick to approve the Short-Term Vacation Rental Program Ad-Hoc
Committee membership at 15 members. Motion passed unanimously.
City Clerk Radeva announced the Results from Ballot Vote No. 1 as listed below.
Councilmember Fitzpatrick – Lawrence Best, Marty Butler, Mary Caldwell,
Robert Davis, Lisa Hackner, Lori Jonasson, Timothy McQuiggan, Richard (Dick)
Mills, Malia Monroe, Barbara Montavon, Gavin Schutz, Sally Shelton, Eunice
Somerset, Derek Spinney, and Cynthia Wolcott.
Councilmember Radi – Lawrence Best, Marty Butler, Stella Church, Vidal
Coronel, Gabriel Franco, Kelly Grotsky, Linda Hagood, Lori Jonasson, James
Lambert, Barbara Montavon, Gavin Schutz, Jonathan Shapiro, Sally Shelton,
Derek Spinney, and David Trapani.
Councilmember Sanchez – Elena Bonilla, Mary Caldwell, Vidal Coronel, Lynne
Daniels, Gabriel Franco, Kelly Grotsky, Lori Jonasson, Michele McDonough,
Malia Monroe, Jorge Navarro, Shana Rider, Sandy Robbins, Gavin Schutz,
Sally Shelton, and Cynthia Wolcott.
Mayor Pro Tem Peña – Lawrence Best, Elena Bonilla, Deborah Brill, Marty
Butler, Alex Chernavsky, Stella Church, Lisa Hackner, Lori Jonasson, Michele
McDonough, Malia Monroe, Jorge Navarro, Fiona Quinn, Gavin Schutz, Jalena
Tamm, and Melinda Travis.
Mayor Evans – Chris Baldivid, Deborah Brill, Mary Caldwell, Alex Chuo, Lynne
Daniels, Michele Hamid, Lori Jonasson, James Lambert, Austin Nash, Jorge
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CITY COUNCIL MINUTES Page 5 of 6 FEBRUARY 3, 2020
SPECIAL MEETING STVRP AD-HOC COMMITTEE
Navarro, William Ramsey, Gavin Schutz, Sally Shelton, Derek Spinney, and
Jalena Tamm.
City Clerk Radeva said there were majority votes from Ballot Vote No. 1 for
the following applicants:
Lawrence Best
Marty Butler
Mary Caldwell
Lori Jonasson
Malia Monroe
Jorge Navarro
Gavin Schutz
Sally Shelton
Derek Spinney
City Clerk Radeva announced the Results from Ballot Vote No. 2 as listed below.
Councilmember Fitzpatrick – Vidal Coronel, Gabriel Franco, Kelly Grotsky,
Barbara Montavon, Jalena Tamm, and Cynthia Wolcott.
Councilmember Radi – Stella Church, Vidal Coronel, Gabriel Franco, James
Lambert, Barbara Montavon, and Jalena Tamm.
Councilmember Sanchez – Vidal Coronel, Lynn Daniels, Gabriel Franco, Kelly
Grotsky, Michele McDonough, Cynthia Wolcott.
Mayor Pro Tem Peña – Elena Bonilla, Deborah Brill, Vidal Coronel, Lynn
Daniels, Michele McDonough, and Jalena Tamm.
Mayor Evans – Vidal Coronel, Gabriel Franco, Kelly Grotsky, James Lambert,
Michele McDonough, and Jalena Tamm.
City Clerk Radeva said there were majority votes from Ballot Vote No. 2 for
the following applicants:
Vidal Coronel
Gabriel Franco
Kelly Grotsky
Michele McDonough
Jalena Tamm
City Clerk Radeva announced the Results from Ballot Vote No. 3 as listed below.
Councilmember Fitzpatrick – Stella Church
Councilmember Radi – Stella Church
Councilmember Sanchez – Cynthia Wolcott
Mayor Pro Tem Peña – Cynthia Wolcott
Mayor Evans – Stella Church
City Clerk Radeva said Stella Church received the majority vote from Ballot
Vote No. 3.
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CITY COUNCIL MINUTES Page 6 of 6 FEBRUARY 3, 2020
SPECIAL MEETING STVRP AD-HOC COMMITTEE
MOTION – A motion was made and seconded by Councilmembers
Radi/Sanchez to appoint the following applicants to serve on the Short-Term
Vacation Rental Program Ad-Hoc Committee for a period not to exceed 12-
months:
Lawrence Best
Marty Butler
Mary Caldwell
Stella Church
Vidal Coronel
Gabriel Franco
Kelly Grotsky
Lori Jonasson
Michele McDonough
Malia Monroe
Jorge Navarro
Gavin Schutz
Sally Shelton
Derek Spinney
Jalena Tamm
Motion passed unanimously.
MAYOR’S AND COUNCIL MEMBERS’ ITEMS – None
ADJOURNMENT
There being no further business, a motion was made and seconded by
Councilmembers Radi/Sanchez to adjourn at 8:39 p.m. Motion passed
unanimously.
Respectfully submitted,
MONIKA RADEVA, City Clerk
City of La Quinta, California
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City of La Quinta
CITY COUNCIL MEETING: February 18, 2020
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE SECOND QUARTER 2019/20 TREASURY
REPORTS FOR OCTOBER, NOVEMBER, AND DECEMBER 2019
RECOMMENDATION
Receive and file the second quarter fiscal year 2019/20 Treasury Reports for
October, November, and December 2019.
BACKGROUND/ANALYSIS
Commentary and Summary of Significant Activity
The total book value of the portfolio decreased $1.97 million, from $148.23
million at the end of September to $146.26 million at the end of December.
The decrease reflects operations and capital projects expenditure activities
during the quarter. The portfolio is within policy limits for investment types
and total allocation by type (see chart below) and is also within policy
guidelines for investment ratings.
Investment Type October November December
Max
Allowed
Bank Accounts 2.60% 3.44% 6.86% 100%
Local Agency Investment Fund (LAIF) City 22.11% 20.91% 20.59%
(1)
Local Agency Investment Fund (LAIF) Housing 11.41% 11.50% 11.33%
(1)(2)
Money Market Pool Accounts-CAMP 14.24% 13.00% 12.82% 20%
Federal Agency Coupons 12.52% 13.32% 11.75% 100%
Treasury Coupons 10.58% 10.67% 9.48% 100%
Certificates of Deposit (CD's)18.21% 18.72% 18.77% 30%
Corporate Notes 2.64% 2.67% 2.62% 30%
Money Market with Fiscal Agent 0.01% 0.01% 0.01%
(2)
CERBT- OPEB Trust 1.14% 1.15% 1.18%
(3)
PARS Pension Trust 4.55% 4.62% 4.59%
(3)
Total 100% 100% 100%
(3) OPEB and pension trusts are fiduciary accounts and not subject to City Investment Policy
(1) LAIF is subjec t to maximum dollar amount not a perc entage of the portfolio
(2 ) Funds held by fiscal agent and the LAIF Housing funds are governed by bond indentures and not subject to City
Investment Policy
Portfolio Allocations
CONSENT CALENDAR ITEM NO. 3
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The market continued to react to the political climate and economic news, with
continued pressure on bond yields. The Federal Reserve cut interest rates for
the third time in October, lowering the target federal funds rate to a range of
1.50-1.75%. This rate has an impact on funds held in pooled money accounts
such as the California Asset Management Program (CAMP) and the Local
Agency Investment Fund (LAIF). The fiscal year annual effective rate of return
is 2.02% as of December, which may decline in the coming quarters as a
result of the current rate environment.
Throughout the quarter three CDs, one corporate bond, and one treasury bond
matured, three agency bonds were called, and 12 new investments were
purchased. Details of each transaction are listed in the attached reports.
Other Notes
Money market funds with the fiscal agent are bond proceeds subject to bond
indentures, not the City’s investment policy. Successor Agency (SA) funds
cannot be invested long-term; therefore, SA funds are only invested in LAIF.
Looking Ahead
The Treasurer follows a “buy and hold” Investment Policy, unless it is fiscally
advantageous to actively trade outside of maturity dates. In the short term,
the Treasurer will invest in CAMP and LAIF as needed. Longer term
investments may include Government Sponsored Enterprise (agencies)
securities, U.S. Treasuries, Corporate Notes, and Negotiable Certificates of
Deposits. All investments recognize both immediate and long-term cash flow
needs, and there is sufficient liquidity in the portfolio to meet expenditure
requirements for the next six months.
ALTERNATIVES - None
Prepared by: Rosemary Hallick, Financial Services Analyst
Approved by: Karla Romero, Finance Director/City Treasurer
Attachment: 1. Treasurer’s Report for September 1, 2019 to December 31, 2019
Total
Earnings
Avera ge
Days to
Maturity
Effective
Rate of
Return YTD
October 238,785$ 358 2.05%
November 222,740$ 373 2.02%
December 244,115$ 365 2.02%
Quarter 2 705,640$ 365 2.03%
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Attachment 1ATTACHMENT 1 29Click HERE to return to Agenda
Days to
Maturity
Page 1
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
October 31, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Bank Accounts
1Bank of the West1228 1,467,768.98 1,467,768.9808/20/2019 1,467,768.98 1059731851 0.000
1City Petty Cash1059 3,300.00 3,300.0007/01/2016 3,300.00 1SYS1059 0.000
1La Quinta Palms Realty1062 227,484.87 227,484.8707/01/2016 227,484.87 1SYS1062 0.000
1Stifel, Nicolaus & Company1183 15,788.19 15,788.1903/18/2019 15,788.19 1SYS1183 0.000
1Wells Fargo1057 2,064,325.85 2,064,325.8507/01/2016 2,064,325.85 14159282482 0.000
3,778,667.89 13,778,667.893,778,667.893,774,146.77Subtotal and Average 1 0.000
Local Agency Investment Fund-City
1Local Agency Inv Fund1055 32,112,948.14 32,112,948.14 2.19032,211,385.37 198-33-434 2.190
32,112,948.14 132,211,385.3732,112,948.1432,504,881.65Subtotal and Average 1 2.190
Local Agency Invstmnt Fund-Housing
1Local Agency Inv Fund1113 16,569,858.45 16,569,858.45 2.19016,597,869.93 125-33-005 2.190
16,569,858.45 116,597,869.9316,569,858.4516,524,046.57Subtotal and Average 1 2.190
Money Market Accounts - CAMP
1California Asset Management Pr1153 20,687,024.79 20,687,024.7909/26/2018 20,687,024.79 1SYS1153 0.000
20,687,024.79 120,687,024.7920,687,024.7920,652,196.23Subtotal and Average 1 0.000
Federal Agency Coupon Securities
670Federal Farm Credit Bank1105 1,000,000.00 992,200.00 09/01/20211.70011/09/2017 1,001,630.00 1,3923133EHWM1 1.913
189Federal Farm Credit Bank1142 500,000.00 491,750.00 05/08/20201.55005/31/2018 499,750.00 7083133EHJA2 2.427
1,404Federal Farm Credit Bank1158 250,000.00 247,275.00 09/05/20232.80010/15/2018 261,907.50 1,7863133EJYL7 3.041
1,096Federal Farm Credit Bank1191 500,000.00 492,100.00 11/01/20221.70005/28/2019 498,935.00 1,2533133EGD28 2.181
1,137Federal Farm Credit Bank1198 500,000.00 499,500.00 12/12/20221.87506/20/2019 505,765.00 1,2713133EKQP4 1.905
1,729Federal Farm Credit Bank1212 500,000.00 499,500.00 07/26/20241.85008/02/2019 506,475.00 1,8203133EKWV4 1.871
1,382Federal Farm Credit Bank1223 500,000.00 499,400.00 08/14/20231.60009/12/2019 501,530.00 1,4323133EKZK5 1.632
1,782Federal Farm Credit Bank1224 500,000.00 498,750.00 09/17/20241.60009/17/2019 500,640.00 1,8273133EKP75 1.652
544Federal Home Loan Bank1053 2,500,000.00 2,491,250.00 04/28/20211.35004/28/2016 2,487,875.00 1,8263130A7QZ1 1.423
360Federal Home Loan Bank1064 2,500,000.00 2,500,000.00 10/26/20201.37510/26/2016 2,494,550.00 1,4613130A9UQ2 1.375
315Federal Home Loan Bank1104 1,000,000.00 996,800.00 09/11/20201.62511/09/2017 1,000,530.00 1,0373130A66T9 1.741
1,565Federal Home Loan Bank1177 500,000.00 498,550.00 02/13/20242.50003/01/2019 518,875.00 1,8103130AFW94 2.563
879Federal Home Loan Mtg Corp1073 2,000,000.00 1,990,000.00 03/29/20222.00003/29/2017 2,001,120.00 1,8263134GBAE2 2.106
789Federal Home Loan Mtg Corp1084 1,000,000.00 999,500.00 12/29/20212.00007/06/2017 1,000,430.00 1,6373134GBXF4 2.012
999Federal Home Loan Mtg Corp1090 1,000,000.00 1,000,000.00 07/27/20222.15007/27/2017 1,001,070.00 1,8263134GBWG3 2.150
Portfolio CITY
CP
Run Date: 02/03/2020 - 17:43 PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1
30
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Days to
Maturity
Page 2
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
October 31, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Federal Agency Coupon Securities
87Federal National Mtg Assn1072 2,000,000.00 2,000,000.00 01/27/20201.70003/27/2017 1,999,980.00 1,0363135G0S53 1.700
1,705Federal National Mtg Assn1206 500,000.00 495,950.00 07/02/20241.75007/15/2019 503,800.00 1,8143135G0V75 1.922
1,040Federal National Mtg Assn1233 1,000,000.00 992,100.00 09/06/20221.37510/29/2019 994,500.00 1,0433135G0W33 1.659
18,184,625.00 1,49618,279,362.5018,250,000.0019,465,954.03Subtotal and Average 747 1.803
Treasury Coupon Securities
607U.S. Treasury1045 5,000,000.00 5,000,000.00 06/30/20211.12507/18/2016 4,962,300.00 1,808912828S27 1.125
151U.S. Treasury1068 2,500,000.00 2,483,250.00 03/31/20201.37503/20/2017 2,497,450.00 1,107912828J84 1.602
44U.S. Treasury1069 2,500,000.00 2,490,750.00 12/15/20191.37503/20/2017 2,498,675.00 1,000912828U73 1.513
730U.S. Treasury1070 2,000,000.00 1,942,800.00 10/31/20211.25003/27/2017 1,987,660.00 1,679912828T67 1.903
288U.S. Treasury1117 1,000,000.00 985,800.00 08/15/20201.50001/22/2018 999,100.00 9369128282Q2 2.071
181U.S. Treasury1138 500,000.00 488,250.00 04/30/20201.12505/31/2018 498,810.00 700912828VA5 2.387
1,064U.S. Treasury1178 500,000.00 489,687.50 09/30/20221.87503/01/2019 505,175.00 1,3099128282W9 2.480
926U.S. Treasury1192 500,000.00 496,650.00 05/15/20221.75005/31/2019 502,815.00 1,080912828SV3 1.984
577U.S. Treasury1193 500,000.00 493,610.00 05/31/20211.37505/31/2019 498,280.00 731912828R77 2.030
1,429U.S. Treasury1217 500,000.00 499,300.00 09/30/20231.37508/21/2019 497,190.00 1,501912828T26 1.410
15,370,097.50 1,37215,447,455.0015,500,000.0015,370,097.50Subtotal and Average 474 1.573
Certificate of Deposits
1,764First State Bk DeQueen1222 248,000.00 248,000.00 08/30/20241.80008/30/2019 246,383.04 1,827336460CX6 1.802
20First Farmers Bank &Trust Co.1091 240,000.00 240,000.00 11/21/20191.65007/21/2017 240,014.40 853320165HX4 1.653
1,757FirsTier Bank1216 249,000.00 249,000.00 08/23/20241.95008/23/2019 249,107.07 1,82733766LAJ7 1.952
1,357First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 255,998.05 1,82632110YLK9 3.152
1,281First National Bank1179 248,000.00 248,000.00 05/05/20232.80003/05/2019 255,581.36 1,52232117BCX4 2.802
1,764First Natl Bk of Syracuse1221 249,000.00 249,000.00 08/30/20241.85008/30/2019 247,949.22 1,827334342CD2 1.852
1,733First Security Bank of WA1209 248,000.00 248,000.00 07/30/20242.00007/30/2019 248,704.32 1,82733625CCP2 2.002
747First Source Bank1168 245,000.00 245,000.00 11/17/20213.15012/17/2018 251,764.45 1,06633646CKP8 3.153
353First Tech Federal Credit Unio1124 245,000.00 245,000.00 10/19/20202.70004/18/2018 247,383.85 91533715LBJ8 2.623
822Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 248,755.85 1,46288413QBY3 2.502
1,729Abacus Federal Savings1207 248,000.00 248,000.00 07/26/20241.95007/26/2019 248,148.80 1,82700257TBD7 1.952
955Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 252,791.00 1,46101748DBE5 3.102
1,077Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 247,499.00 1,82601859BAA3 2.251
493Ally Bank Midvale1176 245,000.00 245,000.00 03/08/20212.50003/07/2019 247,538.20 73202007GHX4 2.016
970America's Credit Union1200 248,000.00 248,000.00 06/28/20222.30006/28/2019 248,954.80 1,09603065AAL7 2.302
535Amex Centurion1077 240,000.00 240,000.00 04/19/20212.25004/19/2017 241,555.20 1,46102587DP85 2.252
Portfolio CITY
CP
Run Date: 02/03/2020 - 17:43 PM (PRF_PM2) 7.3.0
31
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Days to
Maturity
Page 3
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
October 31, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Certificate of Deposits
1,032American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 242,452.80 1,82602587CFU9 2.402
1,356American National Bank1205 248,000.00 248,000.00 07/19/20232.00007/19/2019 248,890.32 1,46102772JBD1 2.001
1,237Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 252,217.70 1,826034577AH9 2.802
1,089Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 242,793.60 1,82606740KLJ4 2.291
1,519Bar Harbor Bank and Trust1172 248,000.00 248,000.00 12/29/20233.35012/31/2018 262,302.16 1,824066851WJ1 3.352
752Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 246,597.40 1,462080515CD9 2.101
846BMW Bank1067 240,000.00 240,000.00 02/24/20222.20002/24/2017 242,109.60 1,82605580AGK4 2.201
440Bankers Bank1086 240,000.00 240,000.00 01/14/20211.80007/14/2017 240,244.80 1,28006610RAP4 1.804
1,792BankWest Inc1227 248,000.00 248,000.00 09/27/20241.70009/27/2019 245,152.96 1,82706652CHB0 1.702
584Capital One Natl Assn FDIC42971082 240,000.00 240,000.00 06/07/20212.25006/07/2017 241,917.60 1,46114042RGD7 2.252
222Capital One USA FDIC339541006 245,000.00 245,000.00 06/10/20201.90006/10/2015 245,516.95 1,827140420RX0 1.902
479Comenity Capital Bank1009 240,000.00 240,000.00 02/22/20211.70002/22/2016 239,932.80 1,82720033APG5 1.702
1,764Celtic Bank1220 248,000.00 248,000.00 08/30/20241.85008/30/2019 246,953.44 1,82715118RRH2 1.852
1,658Century Next Bank1184 248,000.00 248,000.00 05/16/20242.50005/29/2019 254,204.96 1,814156634AK3 2.503
1,026CIT Bank NA1219 245,000.00 245,000.00 08/23/20221.90008/23/2019 245,161.70 1,09612556LBA3 1.902
1,257Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 253,148.70 1,82617312QJ26 2.902
621Central State Bank1085 240,000.00 240,000.00 07/14/20211.85007/14/2017 240,405.60 1,46115523RBJ4 1.851
1,475Commercial Bank1162 248,000.00 248,000.00 11/15/20233.40011/15/2018 262,441.04 1,82620143PDV9 3.402
1,701Communitywide FCU1202 248,000.00 248,000.00 06/28/20242.25006/28/2019 251,494.32 1,82720416TAQ5 2.253
1,274Congressional Bank1189 248,000.00 248,000.00 04/28/20232.50004/30/2019 253,026.96 1,45920726ABA5 2.502
1,113CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 247,178.05 1,82422766ACB9 2.201
1,694Citizens State Bank1199 248,000.00 248,000.00 06/21/20242.40006/21/2019 253,148.48 1,827176688CP2 2.403
823Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 242,359.20 1,8262546722U1 2.251
81Douglas National Bank1093 240,000.00 240,000.00 01/21/20201.65007/19/2017 240,050.40 916259744DS6 1.655
446Eagle Bank1146 245,000.00 245,000.00 01/20/20212.85007/20/2018 248,358.95 91527002YDV5 2.858
1,274EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 248,512.80 1,82429278TAY6 2.952
1,123Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 246,830.15 1,82629367QCP1 2.151
1,685Evansville Teachers Credit FCU1196 248,000.00 248,000.00 06/12/20242.60006/12/2019 255,325.92 1,827299547AQ2 2.603
217EverBank1017248,000.00 248,000.00 06/05/20201.70006/05/2015 248,146.32 1,82729976DXX3 1.702
444Farm Bureau Bank1165 248,000.00 248,000.00 01/18/20213.00012/17/2018 251,834.08 763307660LC2 2.898
910Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 245,654.40 1,46030960QAG2 2.802
417Freedom Credit Union1111 245,000.00 245,000.00 12/22/20202.05012/22/2017 245,938.35 1,09635638BAA9 2.052
654General Electric Credit Union1150 240,000.00 240,000.00 08/16/20213.10008/15/2018 245,697.60 1,097369674AV8 3.100
907Goldman Sachs1078 240,000.00 240,000.00 04/26/20222.40004/26/2017 243,302.40 1,82638148PJK4 2.401
255First Bank of Highland1094 240,000.00 240,000.00 07/13/20201.75007/13/2017 240,249.60 1,096319141GT8 1.752
986HSBC Bank USA, National Associ1088 240,000.00 240,000.00 07/14/20222.30007/14/2017 240,314.40 1,82640434YLE5 2.301
Portfolio CITY
CP
Run Date: 02/03/2020 - 17:43 PM (PRF_PM2) 7.3.0
32
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Days to
Maturity
Page 4
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
October 31, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Certificate of Deposits
1,665Iowa State Bank1186 245,000.00 245,000.00 05/23/20242.40005/23/2019 250,027.40 1,82746256YAZ2 2.403
1,448Jefferson Financial CU1154 245,000.00 245,000.00 10/19/20233.35010/19/2018 258,538.70 1,826474067AQ8 3.352
193Jefferson Bank & Trust1100 245,000.00 245,000.00 05/12/20201.75011/09/2017 245,193.55 915472376AC6 1.751
1,658JP Morgan Chase1185 245,000.00 245,000.00 05/16/20243.25005/16/2019 240,933.00 1,82748128HXU7 3.254
928Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 246,580.25 1,64250116CBE8 2.099
1,154Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 248,758.30 1,826499724AB8 2.401
1,692Legacy Bank1197 248,000.00 248,000.00 06/19/20242.40006/19/2019 253,146.00 1,827524661CB9 2.403
1,550Lakeside Bank1208 248,000.00 248,000.00 01/29/20242.00007/30/2019 248,885.36 1,64451210SQU4 2.003
868Luana Savings Bank1225 245,000.00 245,000.00 03/18/20221.60009/18/2019 243,750.50 912549104JN8 1.599
850Maine Savings FCU1171 248,000.00 248,000.00 02/28/20223.30012/28/2018 256,402.24 1,158560507AK1 3.306
1,638Main Street Bank1188 248,000.00 248,000.00 04/26/20242.60004/26/2019 255,201.92 1,82756065GAG3 2.603
1,446Marlin Business Bank1155 248,000.00 248,000.00 10/17/20233.30010/17/2018 261,248.16 1,82657116ARV2 3.302
1,132Medallion Bank1169 248,000.00 248,000.00 12/07/20223.40012/07/2018 259,199.68 1,46158404DCX7 3.402
249Mercantile Bank of Michigan1087 240,000.00 240,000.00 07/07/20201.75007/07/2017 240,244.80 1,09658740XZL7 1.752
224Bank Midwest1002 248,000.00 248,000.00 06/12/20201.65006/12/2015 248,076.88 1,827063615AVO 1.652
17Morgan Stanley Bank1109 245,000.00 245,000.00 11/18/20191.80011/16/2017 245,029.40 73261747MA92 1.800
1,327Morton Community1173 248,000.00 248,000.00 06/20/20232.75003/20/2019 255,405.28 1,553619165JD6 2.753
1,092Merrick Bank1163 248,000.00 248,000.00 10/28/20223.25010/30/2018 257,746.40 1,45959013J4K2 3.252
17Morgan Stanley Private Bk, NA1108 245,000.00 245,000.00 11/18/20191.75011/16/2017 245,024.50 73261760AEP0 1.750
1,103Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 247,876.30 1,82662384RAC0 2.301
1,446Municipal Trust and Savings1160 245,000.00 245,000.00 10/17/20233.20010/17/2018 257,152.00 1,826625925AR3 3.202
781Neighbors FCU1167 245,000.00 245,000.00 12/21/20213.20012/21/2018 252,232.40 1,09664017AAQ7 3.203
458Infinty FCU1211 248,000.00 248,000.00 02/01/20212.10007/31/2019 249,173.04 55145667EDY1 2.110
1,511National Cooperative Bank, N.A1170 245,000.00 245,000.00 12/21/20233.40012/21/2018 259,496.65 1,826635573AL2 3.402
1,488Numerica Credit Union1164 248,000.00 248,000.00 11/28/20233.55011/28/2018 264,005.92 1,82667054NAN3 3.552
725Northpointe Bank1127 240,000.00 240,000.00 10/26/20212.70004/26/2018 244,363.20 1,279666613GV0 2.703
1,565Northwest Bank1181 248,000.00 248,000.00 02/13/20242.95002/13/2019 258,559.84 1,82666736ABP3 2.951
1,368Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 261,158.67 1,82606426KAN8 3.252
696New York Community Bank1226 245,000.00 245,000.00 09/27/20211.80009/27/2019 245,166.60 731649447TC3 1.802
810The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 240,530.40 1,645677721CN0 1.903
950PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 252,171.15 1,46169324MAD7 3.002
1,734People's Bank1210 248,000.00 248,000.00 07/31/20242.00007/31/2019 248,704.32 1,827710571DS6 2.002
1,314Pittsfield Cooperative Bank1194 245,000.00 245,000.00 06/07/20232.50006/07/2019 250,093.55 1,461725404AB3 2.502
1,680Plains Commerce Bank1195 245,000.00 245,000.00 06/07/20242.55006/07/2019 251,656.65 1,82772651LCL6 2.553
1,750Preferred Bank1213 249,000.00 249,000.00 08/16/20242.00008/16/2019 249,687.24 1,827740367HP5 2.002
572PrivateBank & Trust1032 240,000.00 240,000.00 05/26/20211.50005/26/2016 239,481.60 1,82674267GVG9 1.501
Portfolio CITY
CP
Run Date: 02/03/2020 - 17:43 PM (PRF_PM2) 7.3.0
33
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Days to
Maturity
Page 5
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
October 31, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Certificate of Deposits
1,391Raymond James Bank1218 244,000.00 244,000.00 08/23/20231.95008/23/2019 244,444.08 1,46175472RAD3 1.951
1,327RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 255,760.40 1,82674934YAH4 3.152
1,132Red Rocks Credit Union1166 248,000.00 248,000.00 12/07/20223.35012/07/2018 258,827.68 1,46175701LAB3 3.352
1,701Revere Bank1203 247,000.00 247,000.00 06/28/20242.30006/28/2019 251,018.69 1,827761402BY1 2.303
388First Bank Richmond1081 245,000.00 245,000.00 11/23/20201.80006/21/2017 245,247.45 1,251319267GC8 1.802
963Sallie Mae Bank Salt Lake CIty1083 240,000.00 240,000.00 06/21/20222.35006/21/2017 243,057.60 1,826795450A70 2.351
1,032Sterling Bank1201 245,000.00 245,000.00 08/29/20222.15006/28/2019 246,832.60 1,15885916VDC6 2.153
172Stearnes Bank, N.A.1076 240,000.00 240,000.00 04/21/20201.60004/21/2017 240,004.80 1,096857894TC3 1.588
944Synchrony Bank Retail1080 240,000.00 240,000.00 06/02/20222.40006/02/2017 243,343.20 1,82687164XQV1 2.401
546Towne Bank1128 240,000.00 240,000.00 04/30/20212.80004/30/2018 243,782.40 1,09689214PBL2 2.803
1,011Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 252,472.50 1,52289269CBX9 3.002
752TNB Bank1187 248,000.00 248,000.00 11/22/20212.40005/22/2019 251,119.84 91587266AAA1 2.407
1,446UBS Bank USA1161 245,000.00 245,000.00 10/17/20233.35010/17/2018 258,553.40 1,82690348JEJ5 3.352
501Unity Bank1120 245,000.00 245,000.00 03/16/20212.55003/16/2018 247,746.45 1,09691330ABN6 2.552
782United Credit Union1214 248,000.00 248,000.00 12/22/20212.00008/22/2019 249,103.60 853910160AH3 2.003
1,291University of Iowa Comm. CU1134 240,000.00 240,000.00 05/15/20233.05005/14/2018 249,446.40 1,82791435LAG2 3.052
1,215Verus Bank of Commerce1180 248,000.00 248,000.00 02/28/20232.70002/28/2019 254,393.44 1,46192535LCD4 2.700
1,579Wells Fargo1174 248,000.00 248,000.00 02/27/20243.00002/27/2019 257,379.36 1,826949763XY7 3.001
227Wex Bank1145 245,000.00 245,000.00 06/15/20202.75006/13/2018 246,741.95 73392937CHG6 2.754
1,757Washington Federal1215 248,000.00 248,000.00 08/23/20242.00008/23/2019 248,677.04 1,827938828BH2 2.002
26,455,000.00 1,51626,896,849.8526,455,000.0026,455,000.00Subtotal and Average 1,038 2.433
Corporate Notes
642Apple Inc1079 500,000.00 493,050.00 08/04/20211.55006/12/2017 498,675.00 1,514037833CC2 1.900
1,188Colgate-Palmolive1175 500,000.00 485,250.00 02/01/20231.95003/04/2019 506,490.00 1,43019416QEA4 2.751
97Microsoft Corporation1118 500,000.00 497,700.00 02/06/20201.85001/22/2018 500,125.00 745594918BV5 2.081
1,376Microsoft Corporation1157 400,000.00 378,360.00 08/08/20232.00010/15/2018 403,996.00 1,758594918BQ6 3.222
828Proctor and Gamble1159 500,000.00 487,950.00 02/06/20222.30010/15/2018 506,970.00 1,210742718DY2 3.071
524Toyota Motor Credit Corp1204 500,000.00 499,750.00 04/08/20211.90006/24/2019 501,105.00 65489236TCZ6 1.928
1,802Toyota Motor Credit Corp1232 500,000.00 500,000.00 10/07/20242.00010/23/2019 500,935.00 1,81189236TGL3 2.000
1,140Wal-Mart Stores, Inc1190 500,000.00 496,650.00 12/15/20222.35004/16/2019 508,430.00 1,339931142DU4 2.799
3,838,710.00 1,2933,926,726.003,900,000.003,757,379.35Subtotal and Average 937 2.443
Money Market with Fiscal Agent
1US Bank1058 7,991.99 7,991.9907/01/2016 7,991.99 1SYS1058 0.000
Portfolio CITY
CP
Run Date: 02/03/2020 - 17:43 PM (PRF_PM2) 7.3.0
34
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Days to
Maturity
Page 6
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
October 31, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
7,991.99 17,991.997,991.997,171.24Subtotal and Average 1 0.000
CERBT - OPEB Trust
1CalPERS CERBT Plan1114 1,658,975.81 1,658,975.8107/01/2019 1,658,975.81 1SYS1114 0.000
1,658,975.81 11,658,975.811,658,975.811,658,975.81Subtotal and Average 1 0.000
PARS Pension Trust
1Pblc Agncy Rtrmnt Serv1230 6,607,022.56 6,607,022.5608/01/2019 6,607,022.56 1SYS1230 0.000
6,607,022.56 16,607,022.566,607,022.566,549,479.02Subtotal and Average 1 0.000
643146,719,328.17 145,527,489.63 358 1.634146,099,331.69 145,270,922.13Total and Average
Portfolio CITY
CP
Run Date: 02/03/2020 - 17:43 PM (PRF_PM2) 7.3.0
35
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City of La Quinta
Total Earnings
City of La Quinta
-
Sorted by Fund - Fund
October 1, 2019 - October 31, 2019
Current
Rate
Ending
Par Value
Ending
Fund Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted InterestAnnualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
992,100.0012331,000,000.00 1.375FNMA 76.38 0.00 76.380.9371010.003135G0W33 0.00
495,950.001206500,000.00 1.750FNMA 729.17 0.00 729.171.731101495,950.003135G0V75 0.00
2,000,000.0010722,000,000.00 1.700FNMA 2,833.34 0.00 2,833.341.6681012,000,000.003135G0S53 0.00
999,500.0010841,000,000.00 2.000FHLMC 1,666.67 0.00 1,666.671.963101999,500.003134GBXF4 0.00
1,000,000.0010901,000,000.00 2.150FHLMC 1,791.67 0.00 1,791.672.1101011,000,000.003134GBWG3 0.00
1,990,000.0010732,000,000.00 2.000FHLMC 3,333.34 0.00 3,333.341.9721011,990,000.003134GBAE2 0.00
0.0010540.00 2.000FHLMC 2,812.50 0.00 2,812.501.5211012,500,000.003134G8Y37 0.00
499,400.001223500,000.00 1.600FFCB 666.67 0.00 666.671.572101499,400.003133EKZK5 0.00
499,500.001212500,000.00 1.850FFCB 770.83 0.00 770.831.817101499,500.003133EKWV4 0.00
247,275.001158250,000.00 2.800FFCB 583.33 0.00 583.332.778101247,275.003133EJYL7 0.00
491,750.001142500,000.00 1.550FFCB 645.84 0.00 645.841.546101491,750.003133EHJA2 0.00
992,200.0011051,000,000.00 1.700FFCB 1,416.66 0.00 1,416.661.681101992,200.003133EHWM1 0.00
499,500.001198500,000.00 1.875FFCB 781.25 0.00 781.251.842101499,500.003133EKQP4 0.00
492,100.001191500,000.00 1.700FFCB 708.33 0.00 708.331.695101492,100.003133EGD28 0.00
498,750.001224500,000.00 1.600FFCB 666.67 0.00 666.671.574101498,750.003133EKP75 0.00
498,550.001177500,000.00 2.500FHLB 1,041.66 0.00 1,041.662.460101498,550.003130AFW94 0.00
2,491,250.0010532,500,000.00 1.350FHLB 2,812.50 0.00 2,812.501.3291012,491,250.003130A7QZ1 0.00
2,500,000.0010642,500,000.00 1.375FHLB 2,864.58 0.00 2,864.581.3491012,500,000.003130A9UQ2 0.00
996,800.0011041,000,000.00 1.625FHLB 1,354.16 0.00 1,354.161.600101996,800.003130A66T9 0.00
2,490,750.0010692,500,000.00 1.375USTR 2,911.55 0.00 2,911.551.3761012,490,750.00912828U73 0.00
2,483,250.0010682,500,000.00 1.375USTR 2,911.54 0.00 2,911.541.3801012,483,250.00912828J84 0.00
499,300.001217500,000.00 1.375USTR 582.31 0.00 582.311.373101499,300.00912828T26 0.00
493,610.001193500,000.00 1.375USTR 582.31 0.00 582.311.389101493,610.00912828R77 0.00
5,000,000.0010455,000,000.00 1.125USTR 4,738.45 0.00 4,738.451.1161015,000,000.00912828S27 0.00
488,250.001138500,000.00 1.125USTR 474.01 0.00 474.011.143101488,250.00912828VA5 0.00
985,800.0011171,000,000.00 1.500USTR 1,263.59 0.00 1,263.591.509101985,800.009128282Q2 0.00
496,650.001192500,000.00 1.750USTR 737.09 0.00 737.091.747101496,650.00912828SV3 0.00
1,942,800.0010702,000,000.00 1.250USTR 2,106.72 0.00 2,106.721.2771011,942,800.00912828T67 0.00
489,687.501178500,000.00 1.875USTR 794.06 0.00 794.061.909101489,687.509128282W9 0.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:32 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.136
Click HERE to return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund
Page 2
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
October 1, 2019 - October 31, 2019
Total Earnings
City of La Quinta
Annualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
2,064,325.8510572,064,325.85WELLS 0.01 0.00 0.011011,844,589.444159282482 0.00
248,000.001174248,000.00 3.000WELLS 631.89 0.00 631.893.000101248,000.00949763XY7 0.00
240,000.001078240,000.00 2.400GLDMAN 489.20 0.00 489.202.400101240,000.0038148PJK4 0.00
240,000.001077240,000.00 2.250AMEX 458.63 0.00 458.632.250101240,000.0002587DP85 0.00
240,000.001067240,000.00 2.200BMW 448.44 0.00 448.442.200101240,000.0005580AGK4 0.00
248,000.001169248,000.00 3.400MEDBA 716.14 0.00 716.143.400101248,000.0058404DCX7 0.00
240,000.001097240,000.00 2.300BARCLY 468.82 0.00 468.822.300101240,000.0006740KLJ4 0.00
245,000.001112245,000.00 2.5003RD 520.21 0.00 520.212.500101245,000.0088413QBY3 0.00
248,000.001163248,000.00 3.250MRRCK 684.55 0.00 684.553.250101248,000.0059013J4K2 0.00
240,000.001128240,000.00 2.800TOWNE 570.74 0.00 570.742.800101240,000.0089214PBL2 0.00
248,000.001173248,000.00 2.750MORTN 579.23 0.00 579.232.750101248,000.00619165JD6 0.00
248,000.001017248,000.00 1.700EVRBA 358.08 0.00 358.081.700101248,000.0029976DXX3 0.00
245,000.001006245,000.00 1.900CAPONE 395.36 0.00 395.361.900101245,000.00140420RX0 0.00
248,000.001002248,000.00 1.650MIDWES 347.54 0.00 347.541.650101248,000.00063615AVO 0.00
245,000.001176245,000.00 2.500ALLY 520.21 0.00 520.212.500101245,000.0002007GHX4 0.00
240,000.001009240,000.00 1.700CCBA 346.52 0.00 346.521.700101240,000.0020033APG5 0.00
240,000.001032240,000.00 1.500PRVTBA 305.76 0.00 305.761.500101240,000.0074267GVG9 0.00
32,112,948.14105532,112,948.14 2.190LAIF 62,979.07 0.00 62,979.072.19110133,837,943.7898-33-434 0.00
240,000.001066240,000.00 2.250DISCOV 458.63 0.00 458.632.250101240,000.002546722U1 0.00
240,000.001076240,000.00 1.600STRNS 326.14 0.00 326.141.600101240,000.00857894TC3 0.00
493,050.001079500,000.00 1.550APPL 645.84 0.00 645.841.542101493,050.00037833CC2 0.00
240,000.001080240,000.00 2.400SYNCHR 489.20 0.00 489.202.400101240,000.0087164XQV1 0.00
245,000.001081245,000.00 1.800RICHMN 374.55 0.00 374.551.800101245,000.00319267GC8 0.00
240,000.001082240,000.00 2.250CAP1NA 458.63 0.00 458.632.250101240,000.0014042RGD7 0.00
240,000.001083240,000.00 2.350SALMAE 479.02 0.00 479.022.350101240,000.00795450A70 0.00
240,000.001085240,000.00 1.850CNTRL 377.10 0.00 377.101.850101240,000.0015523RBJ4 0.00
240,000.001086240,000.00 1.800BNKRS 366.90 0.00 366.901.800101240,000.0006610RAP4 0.00
240,000.001087240,000.00 1.750MERCTL 356.71 0.00 356.711.750101240,000.0058740XZL7 0.00
240,000.001088240,000.00 2.300HSBC 468.82 0.00 468.822.300101240,000.0040434YLE5 0.00
240,000.001089240,000.00 1.900OHVAL 387.29 0.00 387.291.900101240,000.00677721CN0 0.00
240,000.001091240,000.00 1.6501STFRM 336.33 0.00 336.331.650101240,000.00320165HX4 0.00
240,000.001093240,000.00 1.650DOUGLS 336.33 0.00 336.331.650101240,000.00259744DS6 0.00
240,000.001094240,000.00 1.750HIGHLD 356.71 0.00 356.711.750101240,000.00319141GT8 0.00
245,000.001095245,000.00 2.250ALLIAN 468.18 0.00 468.182.250101245,000.0001859BAA3 0.00
240,000.001096240,000.00 2.400AMFSB 489.21 0.00 489.212.400101240,000.0002587CFU9 0.00
500,000.001232500,000.00 2.000TOYOTA 222.23 0.00 222.231.8031010.0089236TGL3 0.00
0.0010980.00 1.550TOYOTA 365.97 0.00 1,615.976.957101498,750.0089236TDH5 1,250.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:32 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.137
Click HERE to return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund
Page 3
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
October 1, 2019 - October 31, 2019
Total Earnings
City of La Quinta
Annualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
499,750.001204500,000.00 1.900TOYOTA 791.66 0.00 791.661.865101499,750.0089236TCZ6 0.00
245,000.001099245,000.00 2.300MTNAMR 478.59 0.00 478.592.300101245,000.0062384RAC0 0.00
245,000.001100245,000.00 1.750JFFRSN 364.14 0.00 364.141.750101245,000.00472376AC6 0.00
245,000.001101245,000.00 2.100KANSAS 436.97 0.00 436.972.100101245,000.0050116CBE8 0.00
245,000.001102245,000.00 2.100BELMNT 436.98 0.00 436.982.100101245,000.00080515CD9 0.00
245,000.001106245,000.00 2.200CRS1ST 457.78 0.00 457.782.200101245,000.0022766ACB9 0.00
245,000.001107245,000.00 2.150ENTRPR 447.38 0.00 447.382.150101245,000.0029367QCP1 0.00
245,000.001108245,000.00 1.750MSPRIV 364.14 0.00 364.141.750101245,000.0061760AEP0 0.00
245,000.001109245,000.00 1.800MORGST 374.55 0.00 374.551.800101245,000.0061747MA92 0.00
245,000.001110245,000.00 2.400KNOX 499.40 0.00 499.402.400101245,000.00499724AB8 0.00
245,000.001111245,000.00 2.050FREECU 426.57 0.00 426.572.050101245,000.0035638BAA9 0.00
3,300.0010593,300.00CITYPC 0.00 0.00 0.001013,300.00SYS1059 0.00
1,658,975.8111141,658,975.81CALPRS 0.00 0.00 0.001011,658,975.81SYS1114 0.00
497,700.001118500,000.00 1.850MCRSFT 770.84 0.00 770.841.824101497,700.00594918BV5 0.00
378,360.001157400,000.00 2.000MCRSFT 666.66 0.00 666.662.075101378,360.00594918BQ6 0.00
245,000.001119245,000.00 2.800ANECA 582.63 0.00 582.632.800101245,000.00034577AH9 0.00
245,000.001120245,000.00 2.550UNITY 530.61 0.00 530.612.550101245,000.0091330ABN6 0.00
245,000.001123245,000.00 2.900CITINA 603.44 0.00 603.442.900101245,000.0017312QJ26 0.00
245,000.001124245,000.00 2.7001STTCH 561.82 0.00 561.822.700101245,000.0033715LBJ8 0.00
240,000.001125240,000.00 2.950ENER 601.32 0.00 601.322.950101240,000.0029278TAY6 0.00
240,000.001126240,000.00 2.800FARMIG 570.74 0.00 570.742.800101240,000.0030960QAG2 0.00
240,000.001127240,000.00 2.700NORPNT 550.36 0.00 550.362.700101240,000.00666613GV0 0.00
240,000.001134240,000.00 3.050UOFICU 621.70 0.00 621.703.050101240,000.0091435LAG2 0.00
245,000.001226245,000.00 1.800NYCMBK 374.55 0.00 374.551.800101245,000.00649447TC3 0.00
245,000.001143245,000.00 3.100ALLGNC 645.06 0.00 645.063.100101245,000.0001748DBE5 0.00
245,000.001144245,000.00 3.150RCB 655.46 0.00 655.463.150101245,000.0074934YAH4 0.00
245,000.001145245,000.00 2.750WEX 572.23 0.00 572.232.750101245,000.0092937CHG6 0.00
245,000.001146245,000.00 2.850EAGLE 593.03 0.00 593.032.850101245,000.0027002YDV5 0.00
245,000.001147245,000.00 3.1501STNBA 655.46 0.00 655.463.150101245,000.0032110YLK9 0.00
245,000.001148245,000.00 3.000TRAD 624.25 0.00 624.253.000101245,000.0089269CBX9 0.00
245,000.001149245,000.00 3.000PCSB 624.25 0.00 624.253.000101245,000.0069324MAD7 0.00
240,000.001150240,000.00 3.100GECRUN 631.89 0.00 631.893.100101240,000.00369674AV8 0.00
249,000.001151249,000.00 3.250NWENGL 687.31 0.00 687.313.250101249,000.0006426KAN8 0.00
20,687,024.79115320,687,024.79CAMP 35,989.51 0.00 35,989.512.05210120,651,035.28SYS1153 0.00
245,000.001154245,000.00 3.350JEFF 697.07 0.00 697.073.350101245,000.00474067AQ8 0.00
248,000.001155248,000.00 3.300MARBUS 695.08 0.00 695.083.300101248,000.0057116ARV2 0.00
487,950.001159500,000.00 2.300P&G 958.34 0.00 958.342.312101487,950.00742718DY2 0.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:32 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.138
Click HERE to return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund
Page 4
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
October 1, 2019 - October 31, 2019
Total Earnings
City of La Quinta
Annualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
245,000.001160245,000.00 3.200MUNTRS 665.86 0.00 665.863.200101245,000.00625925AR3 0.00
245,000.001161245,000.00 3.350UBS 697.08 0.00 697.083.350101245,000.0090348JEJ5 0.00
248,000.001162248,000.00 3.400COMMBK 716.14 0.00 716.143.400101248,000.0020143PDV9 0.00
248,000.001164248,000.00 3.550NMRCA 747.74 0.00 747.743.550101248,000.0067054NAN3 0.00
248,000.001165248,000.00 3.000FARMBU 631.89 0.00 631.893.000101248,000.00307660LC2 0.00
248,000.001166248,000.00 3.350REDRCK 705.61 0.00 705.613.350101248,000.0075701LAB3 0.00
245,000.001167245,000.00 3.200NEIGH 665.87 0.00 665.873.200101245,000.0064017AAQ7 0.00
245,000.001168245,000.00 3.1501STSRC 655.45 0.00 655.453.150101245,000.0033646CKP8 0.00
245,000.001170245,000.00 3.400NLCOOP 707.47 0.00 707.473.400101245,000.00635573AL2 0.00
248,000.001171248,000.00 3.300MAINE 695.09 0.00 695.093.300101248,000.00560507AK1 0.00
248,000.001172248,000.00 3.350BARHAR 705.61 0.00 705.613.350101248,000.00066851WJ1 0.00
485,250.001175500,000.00 1.950COLGTE 812.50 0.00 812.501.971101485,250.0019416QEA4 0.00
15,788.19118315,788.19STIFEL 76.72 0.00 76.72231.816101389.67SYS1183 0.00
248,000.001179248,000.00 2.8001STNBK 589.76 0.00 589.762.800101248,000.0032117BCX4 0.00
248,000.001180248,000.00 2.700VERUS 568.71 0.00 568.712.700101248,000.0092535LCD4 0.00
248,000.001181248,000.00 2.950NRTHWS 621.36 0.00 621.362.950101248,000.0066736ABP3 0.00
248,000.001184248,000.00 2.500CENTNX 526.57 0.00 526.572.500101248,000.00156634AK3 0.00
245,000.001185245,000.00 3.250JPMORG 676.27 0.00 676.273.250101245,000.0048128HXU7 0.00
245,000.001186245,000.00 2.400IOWAST 499.40 0.00 499.402.400101245,000.0046256YAZ2 0.00
248,000.001187248,000.00 2.400TSCOLA 505.51 0.00 505.512.400101248,000.0087266AAA1 0.00
248,000.001188248,000.00 2.600MAINST 547.64 0.00 547.642.600101248,000.0056065GAG3 0.00
248,000.001189248,000.00 2.500CONGRS 526.58 0.00 526.582.500101248,000.0020726ABA5 0.00
496,650.001190500,000.00 2.350WALMRT 979.17 0.00 979.172.321101496,650.00931142DU4 0.00
245,000.001194245,000.00 2.500PITTS 520.20 0.00 520.202.500101245,000.00725404AB3 0.00
245,000.001195245,000.00 2.550PLAINS 530.61 0.00 530.612.550101245,000.0072651LCL6 0.00
248,000.001196248,000.00 2.600EVNSCU 547.64 0.00 547.642.600101248,000.00299547AQ2 0.00
248,000.001197248,000.00 2.400LEGCY 505.51 0.00 505.512.400101248,000.00524661CB9 0.00
248,000.001199248,000.00 2.400CTZNST 505.52 0.00 505.522.400101248,000.00176688CP2 0.00
248,000.001200248,000.00 2.300AMERCU 484.45 0.00 484.452.300101248,000.0003065AAL7 0.00
245,000.001201245,000.00 2.150STRLNG 447.37 0.00 447.372.150101245,000.0085916VDC6 0.00
248,000.001202248,000.00 2.250COMMW 473.92 0.00 473.922.250101248,000.0020416TAQ5 0.00
247,000.001203247,000.00 2.300REVER 482.49 0.00 482.492.300101247,000.00761402BY1 0.00
248,000.001205248,000.00 2.000AMRNTL 421.26 0.00 421.262.000101248,000.0002772JBD1 0.00
248,000.001207248,000.00 1.950ABACUS 410.73 0.00 410.731.950101248,000.0000257TBD7 0.00
248,000.001208248,000.00 2.000LKSIDE 421.26 0.00 421.262.000101248,000.0051210SQU4 0.00
248,000.001209248,000.00 2.0001STSEC 421.26 0.00 421.262.000101248,000.0033625CCP2 0.00
248,000.001210248,000.00 2.000PEOPLE 421.26 0.00 421.262.000101248,000.00710571DS6 0.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:32 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.139
Click HERE to return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund
Page 5
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
October 1, 2019 - October 31, 2019
Total Earnings
City of La Quinta
Annualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
248,000.001211248,000.00 2.100NFNITY 442.32 0.00 442.322.100101248,000.0045667EDY1 0.00
249,000.001213249,000.00 2.000PREFRD 422.96 0.00 422.962.000101249,000.00740367HP5 0.00
248,000.001214248,000.00 2.000UNTDCU 421.26 0.00 421.262.000101248,000.00910160AH3 0.00
248,000.001215248,000.00 2.000WSHFED 421.26 0.00 421.262.000101248,000.00938828BH2 0.00
249,000.001216249,000.00 1.9501STIER 412.38 0.00 412.381.950101249,000.0033766LAJ7 0.00
244,000.001218244,000.00 1.950RAYJAM 404.10 0.00 404.101.950101244,000.0075472RAD3 0.00
245,000.001219245,000.00 1.900CITBNK 395.36 0.00 395.361.900101245,000.0012556LBA3 0.00
248,000.001220248,000.00 1.850CELTIC 389.67 0.00 389.671.850101248,000.0015118RRH2 0.00
249,000.001221249,000.00 1.8501STNBS 391.24 0.00 391.241.850101249,000.00334342CD2 0.00
248,000.001222248,000.00 1.8001STDQN 379.13 0.00 379.131.800101248,000.00336460CX6 0.00
245,000.001225245,000.00 1.600LUANA 332.93 0.00 332.931.600101245,000.00549104JN8 0.00
1,467,768.9812281,467,768.98BOTW 0.01 0.00 0.011011,634,538.12059731851 0.00
248,000.001227248,000.00 1.700BNKWST 358.07 0.00 358.071.700101248,000.0006652CHB0 0.00
6,607,022.5612306,607,022.56PARS 0.00 0.00 0.001016,547,560.90SYS1230 0.00
128,722,154.32Subtotal 128,465,586.82 1.848 205,921.310.00204,671.31131,533,415.50 1,250.00
Fund: Fiscal Agent
7,991.9910587,991.99USBANK 848.11 0.00 848.11139.7812317,143.88SYS1058 0.00
7,991.99Subtotal 7,991.99 139.781 848.110.00848.117,143.88 0.00
Fund: Housing Authority : WSA and LQ
227,484.871062227,484.87LQPR 0.00 0.00 0.00241223,494.34SYS1062 0.00
227,484.87Subtotal 227,484.87 0.000.000.00223,494.34 0.00
Fund: SA Low/Mod Bond Fund
16,569,858.45111316,569,858.45 2.190LAIF 32,015.78 0.00 32,015.782.28924916,468,417.8525-33-005 0.00
16,569,858.45Subtotal 16,569,858.45 2.289 32,015.780.0032,015.7816,468,417.85 0.00
145,527,489.63Total 145,270,922.13 1.901 238,785.200.00237,535.20148,232,471.57 1,250.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:32 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.140
Click HERE to return to Agenda
41Click HERE to return to Agenda
Days to
Maturity
Page 1
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
November 30, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Bank Accounts
1Bank of the West1228 963,039.98 963,039.9808/20/2019 963,039.98 1059731851 0.000
1City Petty Cash1059 3,300.00 3,300.0007/01/2016 3,300.00 1SYS1059 0.000
1La Quinta Palms Realty1062 232,420.62 232,420.6207/01/2016 232,420.62 1SYS1062 0.000
1Stifel, Nicolaus & Company1183 66,711.97 66,711.9703/18/2019 66,711.97 1SYS1183 0.000
1Wells Fargo1057 3,688,571.06 3,688,571.0607/01/2016 3,688,571.06 14159282482 0.000
4,954,043.63 14,954,043.634,954,043.633,842,016.18Subtotal and Average 1 0.000
Local Agency Investment Fund-City
1Local Agency Inv Fund1055 30,112,948.14 30,112,948.14 2.10330,211,385.37 198-33-434 2.103
30,112,948.14 130,211,385.3730,112,948.1430,446,281.47Subtotal and Average 1 2.103
Local Agency Invstmnt Fund-Housing
1Local Agency Inv Fund1113 16,569,858.45 16,569,858.45 2.10316,597,869.93 125-33-005 2.103
16,569,858.45 116,597,869.9316,569,858.4516,569,858.45Subtotal and Average 1 2.103
Money Market Accounts - CAMP
1California Asset Management Pr1153 18,718,032.77 18,718,032.7709/26/2018 18,718,032.77 1SYS1153 0.000
18,718,032.77 118,718,032.7718,718,032.7720,022,425.32Subtotal and Average 1 0.000
Federal Agency Coupon Securities
640Federal Farm Credit Bank1105 1,000,000.00 992,200.00 09/01/20211.70011/09/2017 1,000,640.00 1,3923133EHWM1 1.913
159Federal Farm Credit Bank1142 500,000.00 491,750.00 05/08/20201.55005/31/2018 499,625.00 7083133EHJA2 2.427
1,374Federal Farm Credit Bank1158 250,000.00 247,275.00 09/05/20232.80010/15/2018 260,725.00 1,7863133EJYL7 3.041
1,066Federal Farm Credit Bank1191 500,000.00 492,100.00 11/01/20221.70005/28/2019 497,660.00 1,2533133EGD28 2.181
1,107Federal Farm Credit Bank1198 500,000.00 499,500.00 12/12/20221.87506/20/2019 503,180.00 1,2713133EKQP4 1.905
1,699Federal Farm Credit Bank1212 500,000.00 499,500.00 07/26/20241.85008/02/2019 504,815.00 1,8203133EKWV4 1.871
1,352Federal Farm Credit Bank1223 500,000.00 499,400.00 08/14/20231.60009/12/2019 499,685.00 1,4323133EKZK5 1.632
1,752Federal Farm Credit Bank1224 500,000.00 498,750.00 09/17/20241.60009/17/2019 499,160.00 1,8273133EKP75 1.652
1,431Federal Farm Credit Bank1234 1,000,000.00 996,900.00 11/01/20231.60011/01/2019 999,200.00 1,4613133EK4X1 1.680
514Federal Home Loan Bank1053 2,500,000.00 2,491,250.00 04/28/20211.35004/28/2016 2,485,375.00 1,8263130A7QZ1 1.423
330Federal Home Loan Bank1064 2,500,000.00 2,500,000.00 10/26/20201.37510/26/2016 2,493,725.00 1,4613130A9UQ2 1.375
285Federal Home Loan Bank1104 1,000,000.00 996,800.00 09/11/20201.62511/09/2017 999,190.00 1,0373130A66T9 1.741
1,535Federal Home Loan Bank1177 500,000.00 498,550.00 02/13/20242.50003/01/2019 516,600.00 1,8103130AFW94 2.563
849Federal Home Loan Mtg Corp1073 2,000,000.00 1,990,000.00 03/29/20222.00003/29/2017 2,000,380.00 1,8263134GBAE2 2.106
759Federal Home Loan Mtg Corp1084 1,000,000.00 999,500.00 12/29/20212.00007/06/2017 1,000,130.00 1,6373134GBXF4 2.012
Portfolio CITY
CP
Run Date: 02/03/2020 - 17:45 PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1
42
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Days to
Maturity
Page 2
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
November 30, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Federal Agency Coupon Securities
969Federal Home Loan Mtg Corp1090 1,000,000.00 1,000,000.00 07/27/20222.15007/27/2017 1,000,550.00 1,8263134GBWG3 2.150
57Federal National Mtg Assn1072 2,000,000.00 2,000,000.00 01/27/20201.70003/27/2017 1,999,900.00 1,0363135G0S53 1.700
1,675Federal National Mtg Assn1206 500,000.00 495,950.00 07/02/20241.75007/15/2019 501,540.00 1,8143135G0V75 1.922
1,010Federal National Mtg Assn1233 1,000,000.00 992,100.00 09/06/20221.37510/29/2019 992,970.00 1,0433135G0W33 1.659
19,181,525.00 1,49419,255,050.0019,250,000.0019,181,525.00Subtotal and Average 755 1.797
Treasury Coupon Securities
577U.S. Treasury1045 5,000,000.00 5,000,000.00 06/30/20211.12507/18/2016 4,957,600.00 1,808912828S27 1.125
121U.S. Treasury1068 2,500,000.00 2,483,250.00 03/31/20201.37503/20/2017 2,497,450.00 1,107912828J84 1.602
14U.S. Treasury1069 2,500,000.00 2,490,750.00 12/15/20191.37503/20/2017 2,499,675.00 1,000912828U73 1.513
700U.S. Treasury1070 2,000,000.00 1,942,800.00 10/31/20211.25003/27/2017 1,984,920.00 1,679912828T67 1.903
258U.S. Treasury1117 1,000,000.00 985,800.00 08/15/20201.50001/22/2018 998,830.00 9369128282Q2 2.071
151U.S. Treasury1138 500,000.00 488,250.00 04/30/20201.12505/31/2018 498,925.00 700912828VA5 2.387
1,034U.S. Treasury1178 500,000.00 489,687.50 09/30/20221.87503/01/2019 503,770.00 1,3099128282W9 2.480
896U.S. Treasury1192 500,000.00 496,650.00 05/15/20221.75005/31/2019 501,780.00 1,080912828SV3 1.984
547U.S. Treasury1193 500,000.00 493,610.00 05/31/20211.37505/31/2019 497,775.00 731912828R77 2.030
1,399U.S. Treasury1217 500,000.00 499,300.00 09/30/20231.37508/21/2019 495,545.00 1,501912828T26 1.410
15,370,097.50 1,37215,436,270.0015,500,000.0015,370,097.50Subtotal and Average 444 1.573
Certificate of Deposits
1,734First State Bk DeQueen1222 248,000.00 248,000.00 08/30/20241.80008/30/2019 246,638.48 1,827336460CX6 1.802
1,727FirsTier Bank1216 249,000.00 249,000.00 08/23/20241.95008/23/2019 249,361.05 1,82733766LAJ7 1.952
1,327First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 256,588.50 1,82632110YLK9 3.152
1,251First National Bank1179 248,000.00 248,000.00 05/05/20232.80003/05/2019 256,159.20 1,52232117BCX4 2.802
1,734First Natl Bk of Syracuse1221 249,000.00 249,000.00 08/30/20241.85008/30/2019 248,198.22 1,827334342CD2 1.852
1,703First Security Bank of WA1209 248,000.00 248,000.00 07/30/20242.00007/30/2019 249,026.72 1,82733625CCP2 2.002
1,627First Service Bank1231 248,000.00 248,000.00 05/15/20241.70011/15/2019 246,154.88 1,64333640VDD7 1.701
717First Source Bank1168 245,000.00 245,000.00 11/17/20213.15012/17/2018 251,923.70 1,06633646CKP8 3.153
323First Tech Federal Credit Unio1124 245,000.00 245,000.00 10/19/20202.70004/18/2018 247,418.15 91533715LBJ8 2.623
792Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 249,086.60 1,46288413QBY3 2.502
1,699Abacus Federal Savings1207 248,000.00 248,000.00 07/26/20241.95007/26/2019 248,491.04 1,82700257TBD7 1.952
925Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 253,111.95 1,46101748DBE5 3.102
1,047Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 248,057.60 1,82601859BAA3 2.251
463Ally Bank Midvale1176 245,000.00 245,000.00 03/08/20212.50003/07/2019 247,744.00 73202007GHX4 2.016
940America's Credit Union1200 248,000.00 248,000.00 06/28/20222.30006/28/2019 250,505.29 1,09603065AAL7 2.302
Portfolio CITY
CP
Run Date: 02/03/2020 - 17:45 PM (PRF_PM2) 7.3.0
43
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Days to
Maturity
Page 3
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
November 30, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Certificate of Deposits
505Amex Centurion1077 240,000.00 240,000.00 04/19/20212.25004/19/2017 241,872.00 1,46102587DP85 2.252
1,002American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 242,968.80 1,82602587CFU9 2.402
1,326American National Bank1205 248,000.00 248,000.00 07/19/20232.00007/19/2019 249,686.40 1,46102772JBD1 2.001
1,207Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 252,744.45 1,826034577AH9 2.802
1,059Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 243,338.40 1,82606740KLJ4 2.291
1,489Bar Harbor Bank and Trust1172 248,000.00 248,000.00 12/29/20233.35012/31/2018 262,989.12 1,824066851WJ1 3.352
722Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 246,950.20 1,462080515CD9 2.101
816BMW Bank1067 240,000.00 240,000.00 02/24/20222.20002/24/2017 242,503.20 1,82605580AGK4 2.201
410Bankers Bank1086 240,000.00 240,000.00 01/14/20211.80007/14/2017 240,552.00 1,28006610RAP4 1.804
1,762BankWest Inc1227 248,000.00 248,000.00 09/27/20241.70009/27/2019 245,336.48 1,82706652CHB0 1.702
554Capital One Natl Assn FDIC42971082 240,000.00 240,000.00 06/07/20212.25006/07/2017 242,198.40 1,46114042RGD7 2.252
192Capital One USA FDIC339541006 245,000.00 245,000.00 06/10/20201.90006/10/2015 245,443.45 1,827140420RX0 1.902
449Comenity Capital Bank1009 240,000.00 240,000.00 02/22/20211.70002/22/2016 240,276.00 1,82720033APG5 1.702
1,734Celtic Bank1220 248,000.00 248,000.00 08/30/20241.85008/30/2019 247,201.44 1,82715118RRH2 1.852
1,628Century Next Bank1184 248,000.00 248,000.00 05/16/20242.50005/29/2019 254,629.04 1,814156634AK3 2.503
996CIT Bank NA1219 245,000.00 245,000.00 08/23/20221.90008/23/2019 245,747.25 1,09612556LBA3 1.902
1,227Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 253,677.90 1,82617312QJ26 2.902
591Central State Bank1085 240,000.00 240,000.00 07/14/20211.85007/14/2017 240,770.40 1,46115523RBJ4 1.851
1,445Commercial Bank1162 248,000.00 248,000.00 11/15/20233.40011/15/2018 263,152.80 1,82620143PDV9 3.402
1,671Communitywide FCU1202 248,000.00 248,000.00 06/28/20242.25006/28/2019 251,868.80 1,82720416TAQ5 2.253
1,244Congressional Bank1189 248,000.00 248,000.00 04/28/20232.50004/30/2019 253,651.92 1,45920726ABA5 2.502
1,083CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 247,726.85 1,82422766ACB9 2.201
1,664Citizens State Bank1199 248,000.00 248,000.00 06/21/20242.40006/21/2019 253,520.48 1,827176688CP2 2.403
793Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 242,731.20 1,8262546722U1 2.251
51Douglas National Bank1093 240,000.00 240,000.00 01/21/20201.65007/19/2017 240,031.20 916259744DS6 1.655
416Eagle Bank1146 245,000.00 245,000.00 01/20/20212.85007/20/2018 248,476.55 91527002YDV5 2.858
1,244EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 249,040.80 1,82429278TAY6 2.952
1,093Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 247,366.70 1,82629367QCP1 2.151
1,655Evansville Teachers Credit FCU1196 248,000.00 248,000.00 06/12/20242.60006/12/2019 255,690.48 1,827299547AQ2 2.603
187EverBank1017248,000.00 248,000.00 06/05/20201.70006/05/2015 248,119.04 1,82729976DXX3 1.702
414Farm Bureau Bank1165 248,000.00 248,000.00 01/18/20213.00012/17/2018 251,920.88 763307660LC2 2.898
880Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 245,988.00 1,46030960QAG2 2.802
387Freedom Credit Union1111 245,000.00 245,000.00 12/22/20202.05012/22/2017 246,193.15 1,09635638BAA9 2.052
624General Electric Credit Union1150 240,000.00 240,000.00 08/16/20213.10008/15/2018 245,834.40 1,097369674AV8 3.100
877Goldman Sachs1078 240,000.00 240,000.00 04/26/20222.40004/26/2017 243,703.20 1,82638148PJK4 2.401
225First Bank of Highland1094 240,000.00 240,000.00 07/13/20201.75007/13/2017 240,228.00 1,096319141GT8 1.752
Portfolio CITY
CP
Run Date: 02/03/2020 - 17:45 PM (PRF_PM2) 7.3.0
44
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Days to
Maturity
Page 4
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
November 30, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Certificate of Deposits
956HSBC Bank USA, National Associ1088 240,000.00 240,000.00 07/14/20222.30007/14/2017 240,170.40 1,82640434YLE5 2.301
1,635Iowa State Bank1186 245,000.00 245,000.00 05/23/20242.40005/23/2019 250,485.55 1,82746256YAZ2 2.403
1,418Jefferson Financial CU1154 245,000.00 245,000.00 10/19/20233.35010/19/2018 259,197.75 1,826474067AQ8 3.352
163Jefferson Bank & Trust1100 245,000.00 245,000.00 05/12/20201.75011/09/2017 245,159.25 915472376AC6 1.751
1,628JP Morgan Chase1185 245,000.00 245,000.00 05/16/20243.25005/16/2019 238,875.00 1,82748128HXU7 3.254
898Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 247,060.45 1,64250116CBE8 2.099
1,124Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 249,277.70 1,826499724AB8 2.401
1,662Legacy Bank1197 248,000.00 248,000.00 06/19/20242.40006/19/2019 253,525.44 1,827524661CB9 2.403
1,640Live Oak Bank1238 248,000.00 248,000.00 05/28/20241.80011/27/2019 247,149.36 1,644538036GV0 1.802
1,520Lakeside Bank1208 248,000.00 248,000.00 01/29/20242.00007/30/2019 249,721.12 1,64451210SQU4 2.003
838Luana Savings Bank1225 245,000.00 245,000.00 03/18/20221.60009/18/2019 244,277.25 912549104JN8 1.599
820Maine Savings FCU1171 248,000.00 248,000.00 02/28/20223.30012/28/2018 256,608.08 1,158560507AK1 3.306
1,608Main Street Bank1188 248,000.00 248,000.00 04/26/20242.60004/26/2019 255,702.88 1,82756065GAG3 2.603
1,416Marlin Business Bank1155 248,000.00 248,000.00 10/17/20233.30010/17/2018 261,920.24 1,82657116ARV2 3.302
1,102Medallion Bank1169 248,000.00 248,000.00 12/07/20223.40012/07/2018 259,524.56 1,46158404DCX7 3.402
219Mercantile Bank of Michigan1087 240,000.00 240,000.00 07/07/20201.75007/07/2017 240,218.40 1,09658740XZL7 1.752
194Bank Midwest1002 248,000.00 248,000.00 06/12/20201.65006/12/2015 248,059.52 1,827063615AVO 1.652
1,816Morgan Stanley Bank1237 245,000.00 245,000.00 11/20/20241.95011/20/2019 244,919.15 1,82761690UNX4 1.952
1,297Morton Community1173 248,000.00 248,000.00 06/20/20232.75003/20/2019 256,042.64 1,553619165JD6 2.753
1,062Merrick Bank1163 248,000.00 248,000.00 10/28/20223.25010/30/2018 258,143.20 1,45959013J4K2 3.252
1,816Morgan Stanley Private Bk, NA1236 245,000.00 245,000.00 11/20/20241.90011/20/2019 244,338.50 1,82761760A3B3 1.902
1,073Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 248,425.10 1,82662384RAC0 2.301
1,416Municipal Trust and Savings1160 245,000.00 245,000.00 10/17/20233.20010/17/2018 257,835.55 1,826625925AR3 3.202
751Neighbors FCU1167 245,000.00 245,000.00 12/21/20213.20012/21/2018 252,408.80 1,09664017AAQ7 3.203
428Infinty FCU1211 248,000.00 248,000.00 02/01/20212.10007/31/2019 249,443.36 55145667EDY1 2.110
1,481National Cooperative Bank, N.A1170 245,000.00 245,000.00 12/21/20233.40012/21/2018 260,187.55 1,826635573AL2 3.402
1,458Numerica Credit Union1164 248,000.00 248,000.00 11/28/20233.55011/28/2018 264,725.12 1,82667054NAN3 3.552
695Northpointe Bank1127 240,000.00 240,000.00 10/26/20212.70004/26/2018 244,584.00 1,279666613GV0 2.703
1,535Northwest Bank1181 248,000.00 248,000.00 02/13/20242.95002/13/2019 259,199.68 1,82666736ABP3 2.951
1,338Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 261,753.78 1,82606426KAN8 3.252
666New York Community Bank1226 245,000.00 245,000.00 09/27/20211.80009/27/2019 245,556.15 731649447TC3 1.802
780The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 240,955.20 1,645677721CN0 1.903
920PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 252,504.35 1,46169324MAD7 3.002
1,704People's Bank1210 248,000.00 248,000.00 07/31/20242.00007/31/2019 249,021.76 1,827710571DS6 2.002
1,284Pittsfield Cooperative Bank1194 245,000.00 245,000.00 06/07/20232.50006/07/2019 250,750.15 1,461725404AB3 2.502
1,650Plains Commerce Bank1195 245,000.00 245,000.00 06/07/20242.55006/07/2019 252,041.30 1,82772651LCL6 2.553
Portfolio CITY
CP
Run Date: 02/03/2020 - 17:45 PM (PRF_PM2) 7.3.0
45
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Days to
Maturity
Page 5
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
November 30, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Certificate of Deposits
1,720Preferred Bank1213 249,000.00 249,000.00 08/16/20242.00008/16/2019 249,956.16 1,827740367HP5 2.002
542PrivateBank & Trust1032 240,000.00 240,000.00 05/26/20211.50005/26/2016 239,877.60 1,82674267GVG9 1.501
1,361Raymond James Bank1218 244,000.00 244,000.00 08/23/20231.95008/23/2019 245,268.80 1,46175472RAD3 1.951
1,297RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 256,319.00 1,82674934YAH4 3.152
1,102Red Rocks Credit Union1166 248,000.00 248,000.00 12/07/20223.35012/07/2018 259,160.00 1,46175701LAB3 3.352
1,671Revere Bank1203 247,000.00 247,000.00 06/28/20242.30006/28/2019 251,386.72 1,827761402BY1 2.303
358First Bank Richmond1081 245,000.00 245,000.00 11/23/20201.80006/21/2017 245,529.20 1,251319267GC8 1.802
933Sallie Mae Bank Salt Lake CIty1083 240,000.00 240,000.00 06/21/20222.35006/21/2017 243,508.80 1,826795450A70 2.351
1,803Sauk Valley B&T Co1235 248,000.00 248,000.00 11/07/20241.70011/07/2019 245,068.64 1,827804375DL4 1.702
1,002Sterling Bank1201 245,000.00 245,000.00 08/29/20222.15006/28/2019 247,378.95 1,15885916VDC6 2.153
142Stearnes Bank, N.A.1076 240,000.00 240,000.00 04/21/20201.60004/21/2017 239,997.60 1,096857894TC3 1.588
914Synchrony Bank Retail1080 240,000.00 240,000.00 06/02/20222.40006/02/2017 243,770.40 1,82687164XQV1 2.401
516Towne Bank1128 240,000.00 240,000.00 04/30/20212.80004/30/2018 243,950.40 1,09689214PBL2 2.803
981Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 252,849.80 1,52289269CBX9 3.002
722TNB Bank1187 248,000.00 248,000.00 11/22/20212.40005/22/2019 251,422.40 91587266AAA1 2.407
1,416UBS Bank USA1161 245,000.00 245,000.00 10/17/20233.35010/17/2018 259,212.45 1,82690348JEJ5 3.352
471Unity Bank1120 245,000.00 245,000.00 03/16/20212.55003/16/2018 247,947.35 1,09691330ABN6 2.552
752United Credit Union1214 248,000.00 248,000.00 12/22/20212.00008/22/2019 249,502.88 853910160AH3 2.003
1,261University of Iowa Comm. CU1134 240,000.00 240,000.00 05/15/20233.05005/14/2018 249,974.40 1,82791435LAG2 3.052
1,185Verus Bank of Commerce1180 248,000.00 248,000.00 02/28/20232.70002/28/2019 254,921.68 1,46192535LCD4 2.700
1,549Wells Fargo1174 248,000.00 248,000.00 02/27/20243.00002/27/2019 257,796.00 1,826949763XY7 3.001
197Wex Bank1145 245,000.00 245,000.00 06/15/20202.75006/13/2018 246,516.55 73392937CHG6 2.754
1,727Washington Federal1215 248,000.00 248,000.00 08/23/20242.00008/23/2019 248,920.08 1,827938828BH2 2.002
26,959,000.00 1,54727,432,598.9126,959,000.0026,681,266.67Subtotal and Average 1,069 2.423
Corporate Notes
612Apple Inc1079 500,000.00 493,050.00 08/04/20211.55006/12/2017 498,025.00 1,514037833CC2 1.900
1,158Colgate-Palmolive1175 500,000.00 485,250.00 02/01/20231.95003/04/2019 501,710.00 1,43019416QEA4 2.751
67Microsoft Corporation1118 500,000.00 497,700.00 02/06/20201.85001/22/2018 500,060.00 745594918BV5 2.081
1,346Microsoft Corporation1157 400,000.00 378,360.00 08/08/20232.00010/15/2018 402,192.00 1,758594918BQ6 3.222
798Proctor and Gamble1159 500,000.00 487,950.00 02/06/20222.30010/15/2018 506,860.00 1,210742718DY2 3.071
494Toyota Motor Credit Corp1204 500,000.00 499,750.00 04/08/20211.90006/24/2019 500,480.00 65489236TCZ6 1.928
1,772Toyota Motor Credit Corp1232 500,000.00 500,000.00 10/07/20242.00010/23/2019 499,420.00 1,81189236TGL3 2.000
1,110Wal-Mart Stores, Inc1190 500,000.00 496,650.00 12/15/20222.35004/16/2019 506,890.00 1,339931142DU4 2.799
3,838,710.00 1,2933,915,637.003,900,000.003,838,710.00Subtotal and Average 907 2.443
Portfolio CITY
CP
Run Date: 02/03/2020 - 17:45 PM (PRF_PM2) 7.3.0
46
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Days to
Maturity
Page 6
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
November 30, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Money Market with Fiscal Agent
1US Bank1058 8,000.58 8,000.5807/01/2016 8,000.58 1SYS1058 0.000
8,000.58 18,000.588,000.587,992.28Subtotal and Average 1 0.000
CERBT - OPEB Trust
1CalPERS CERBT Plan1114 1,658,975.81 1,658,975.8107/01/2019 1,658,975.81 1SYS1114 0.000
1,658,975.81 11,658,975.811,658,975.811,658,975.81Subtotal and Average 1 0.000
PARS Pension Trust
1Pblc Agncy Rtrmnt Serv1230 6,660,656.39 6,660,656.3908/01/2019 6,660,656.39 1SYS1230 0.000
6,660,656.39 16,660,656.396,660,656.396,610,598.15Subtotal and Average 1 0.000
670144,229,746.83 144,291,515.77 373 1.607144,848,520.39 144,031,848.27Total and Average
Portfolio CITY
CP
Run Date: 02/03/2020 - 17:45 PM (PRF_PM2) 7.3.0
47
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City of La Quinta
Total Earnings
City of La Quinta
-
Sorted by Fund - Fund
November 1, 2019 - November 30, 2019
Current
Rate
Ending
Par Value
Ending
Fund Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted InterestAnnualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
992,100.0012331,000,000.00 1.375FNMA 1,145.84 0.00 1,145.841.405101992,100.003135G0W33 0.00
495,950.001206500,000.00 1.750FNMA 729.16 0.00 729.161.789101495,950.003135G0V75 0.00
2,000,000.0010722,000,000.00 1.700FNMA 2,833.33 0.00 2,833.331.7241012,000,000.003135G0S53 0.00
999,500.0010841,000,000.00 2.000FHLMC 1,666.66 0.00 1,666.662.029101999,500.003134GBXF4 0.00
1,000,000.0010901,000,000.00 2.150FHLMC 1,791.67 0.00 1,791.672.1801011,000,000.003134GBWG3 0.00
1,990,000.0010732,000,000.00 2.000FHLMC 3,333.33 0.00 3,333.332.0381011,990,000.003134GBAE2 0.00
499,400.001223500,000.00 1.600FFCB 666.67 0.00 666.671.624101499,400.003133EKZK5 0.00
499,500.001212500,000.00 1.850FFCB 770.84 0.00 770.841.878101499,500.003133EKWV4 0.00
247,275.001158250,000.00 2.800FFCB 583.33 0.00 583.332.870101247,275.003133EJYL7 0.00
491,750.001142500,000.00 1.550FFCB 645.83 0.00 645.831.598101491,750.003133EHJA2 0.00
992,200.0011051,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.737101992,200.003133EHWM1 0.00
499,500.001198500,000.00 1.875FFCB 781.25 0.00 781.251.903101499,500.003133EKQP4 0.00
492,100.001191500,000.00 1.700FFCB 708.33 0.00 708.331.751101492,100.003133EGD28 0.00
996,900.0012341,000,000.00 1.600FFCB 1,333.33 0.00 1,333.331.6271010.003133EK4X1 0.00
498,750.001224500,000.00 1.600FFCB 666.66 0.00 666.661.626101498,750.003133EKP75 0.00
498,550.001177500,000.00 2.500FHLB 1,041.67 0.00 1,041.672.542101498,550.003130AFW94 0.00
2,491,250.0010532,500,000.00 1.350FHLB 2,812.50 0.00 2,812.501.3741012,491,250.003130A7QZ1 0.00
2,500,000.0010642,500,000.00 1.375FHLB 2,864.58 0.00 2,864.581.3941012,500,000.003130A9UQ2 0.00
996,800.0011041,000,000.00 1.625FHLB 1,354.17 0.00 1,354.171.653101996,800.003130A66T9 0.00
2,490,750.0010692,500,000.00 1.375USTR 2,817.62 0.00 2,817.621.3761012,490,750.00912828U73 0.00
2,483,250.0010682,500,000.00 1.375USTR 2,817.63 0.00 2,817.631.3801012,483,250.00912828J84 0.00
499,300.001217500,000.00 1.375USTR 563.53 0.00 563.531.373101499,300.00912828T26 0.00
493,610.001193500,000.00 1.375USTR 563.52 0.00 563.521.389101493,610.00912828R77 0.00
5,000,000.0010455,000,000.00 1.125USTR 4,585.60 0.00 4,585.601.1161015,000,000.00912828S27 0.00
488,250.001138500,000.00 1.125USTR 463.60 0.00 463.601.155101488,250.00912828VA5 0.00
985,800.0011171,000,000.00 1.500USTR 1,222.82 0.00 1,222.821.509101985,800.009128282Q2 0.00
496,650.001192500,000.00 1.750USTR 717.50 0.00 717.501.758101496,650.00912828SV3 0.00
1,942,800.0010702,000,000.00 1.250USTR 2,060.44 0.00 2,060.441.2901011,942,800.00912828T67 0.00
489,687.501178500,000.00 1.875USTR 768.44 0.00 768.441.909101489,687.509128282W9 0.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:38 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.148
Click HERE to return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund
Page 2
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
November 1, 2019 - November 30, 2019
Total Earnings
City of La Quinta
Annualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
3,688,571.0610573,688,571.06WELLS 0.01 0.00 0.011012,064,325.854159282482 0.00
248,000.001174248,000.00 3.000WELLS 611.51 0.00 611.513.000101248,000.00949763XY7 0.00
240,000.001078240,000.00 2.400GLDMAN 473.43 0.00 473.432.400101240,000.0038148PJK4 0.00
240,000.001077240,000.00 2.250AMEX 443.84 0.00 443.842.250101240,000.0002587DP85 0.00
240,000.001067240,000.00 2.200BMW 433.97 0.00 433.972.200101240,000.0005580AGK4 0.00
248,000.001169248,000.00 3.400MEDBA 693.04 0.00 693.043.400101248,000.0058404DCX7 0.00
240,000.001097240,000.00 2.300BARCLY 453.70 0.00 453.702.300101240,000.0006740KLJ4 0.00
245,000.001112245,000.00 2.5003RD 503.42 0.00 503.422.500101245,000.0088413QBY3 0.00
248,000.001163248,000.00 3.250MRRCK 662.47 0.00 662.473.250101248,000.0059013J4K2 0.00
240,000.001128240,000.00 2.800TOWNE 552.33 0.00 552.332.800101240,000.0089214PBL2 0.00
248,000.001173248,000.00 2.750MORTN 560.55 0.00 560.552.750101248,000.00619165JD6 0.00
248,000.001017248,000.00 1.700EVRBA 346.52 0.00 346.521.700101248,000.0029976DXX3 0.00
245,000.001006245,000.00 1.900CAPONE 382.60 0.00 382.601.900101245,000.00140420RX0 0.00
248,000.001002248,000.00 1.650MIDWES 336.33 0.00 336.331.650101248,000.00063615AVO 0.00
245,000.001176245,000.00 2.500ALLY 503.42 0.00 503.422.500101245,000.0002007GHX4 0.00
240,000.001009240,000.00 1.700CCBA 335.34 0.00 335.341.700101240,000.0020033APG5 0.00
240,000.001032240,000.00 1.500PRVTBA 295.89 0.00 295.891.500101240,000.0074267GVG9 0.00
30,112,948.14105530,112,948.14 2.103LAIF 57,087.56 0.00 57,087.562.16310132,112,948.1498-33-434 0.00
240,000.001066240,000.00 2.250DISCOV 443.83 0.00 443.832.250101240,000.002546722U1 0.00
240,000.001076240,000.00 1.600STRNS 315.62 0.00 315.621.600101240,000.00857894TC3 0.00
493,050.001079500,000.00 1.550APPL 645.83 0.00 645.831.594101493,050.00037833CC2 0.00
240,000.001080240,000.00 2.400SYNCHR 473.43 0.00 473.432.400101240,000.0087164XQV1 0.00
245,000.001081245,000.00 1.800RICHMN 362.47 0.00 362.471.800101245,000.00319267GC8 0.00
240,000.001082240,000.00 2.250CAP1NA 443.83 0.00 443.832.250101240,000.0014042RGD7 0.00
240,000.001083240,000.00 2.350SALMAE 463.56 0.00 463.562.350101240,000.00795450A70 0.00
240,000.001085240,000.00 1.850CNTRL 364.93 0.00 364.931.850101240,000.0015523RBJ4 0.00
240,000.001086240,000.00 1.800BNKRS 355.07 0.00 355.071.800101240,000.0006610RAP4 0.00
240,000.001087240,000.00 1.750MERCTL 345.21 0.00 345.211.750101240,000.0058740XZL7 0.00
240,000.001088240,000.00 2.300HSBC 453.70 0.00 453.702.300101240,000.0040434YLE5 0.00
240,000.001089240,000.00 1.900OHVAL 374.79 0.00 374.791.900101240,000.00677721CN0 0.00
0.0010910.00 1.6501STFRM 216.99 0.00 216.991.650101240,000.00320165HX4 0.00
240,000.001093240,000.00 1.650DOUGLS 325.48 0.00 325.481.650101240,000.00259744DS6 0.00
240,000.001094240,000.00 1.750HIGHLD 345.21 0.00 345.211.750101240,000.00319141GT8 0.00
245,000.001095245,000.00 2.250ALLIAN 453.08 0.00 453.082.250101245,000.0001859BAA3 0.00
240,000.001096240,000.00 2.400AMFSB 473.43 0.00 473.432.400101240,000.0002587CFU9 0.00
500,000.001232500,000.00 2.000TOYOTA 833.33 0.00 833.332.028101500,000.0089236TGL3 0.00
499,750.001204500,000.00 1.900TOYOTA 791.67 0.00 791.671.927101499,750.0089236TCZ6 0.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:38 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.149
Click HERE to return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund
Page 3
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
November 1, 2019 - November 30, 2019
Total Earnings
City of La Quinta
Annualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
245,000.001099245,000.00 2.300MTNAMR 463.15 0.00 463.152.300101245,000.0062384RAC0 0.00
245,000.001100245,000.00 1.750JFFRSN 352.40 0.00 352.401.750101245,000.00472376AC6 0.00
245,000.001101245,000.00 2.100KANSAS 422.88 0.00 422.882.100101245,000.0050116CBE8 0.00
245,000.001102245,000.00 2.100BELMNT 422.87 0.00 422.872.100101245,000.00080515CD9 0.00
245,000.001106245,000.00 2.200CRS1ST 443.01 0.00 443.012.200101245,000.0022766ACB9 0.00
245,000.001107245,000.00 2.150ENTRPR 432.95 0.00 432.952.150101245,000.0029367QCP1 0.00
0.0011080.00 1.750MSPRIV 199.69 0.00 199.691.750101245,000.0061760AEP0 0.00
245,000.001236245,000.00 1.900MSPRIV 140.29 0.00 140.291.9001010.0061760A3B3 0.00
245,000.001237245,000.00 1.950MORGST 143.98 0.00 143.981.9501010.0061690UNX4 0.00
0.0011090.00 1.800MORGST 205.39 0.00 205.391.800101245,000.0061747MA92 0.00
245,000.001110245,000.00 2.400KNOX 483.29 0.00 483.292.400101245,000.00499724AB8 0.00
245,000.001111245,000.00 2.050FREECU 412.80 0.00 412.802.050101245,000.0035638BAA9 0.00
3,300.0010593,300.00CITYPC 0.00 0.00 0.001013,300.00SYS1059 0.00
1,658,975.8111141,658,975.81CALPRS 0.00 0.00 0.001011,658,975.81SYS1114 0.00
497,700.001118500,000.00 1.850MCRSFT 770.83 0.00 770.831.884101497,700.00594918BV5 0.00
378,360.001157400,000.00 2.000MCRSFT 666.67 0.00 666.672.144101378,360.00594918BQ6 0.00
245,000.001119245,000.00 2.800ANECA 563.84 0.00 563.842.800101245,000.00034577AH9 0.00
245,000.001120245,000.00 2.550UNITY 513.49 0.00 513.492.550101245,000.0091330ABN6 0.00
245,000.001123245,000.00 2.900CITINA 583.97 0.00 583.972.900101245,000.0017312QJ26 0.00
245,000.001124245,000.00 2.7001STTCH 543.70 0.00 543.702.700101245,000.0033715LBJ8 0.00
240,000.001125240,000.00 2.950ENER 581.92 0.00 581.922.950101240,000.0029278TAY6 0.00
240,000.001126240,000.00 2.800FARMIG 552.33 0.00 552.332.800101240,000.0030960QAG2 0.00
240,000.001127240,000.00 2.700NORPNT 532.60 0.00 532.602.700101240,000.00666613GV0 0.00
240,000.001134240,000.00 3.050UOFICU 601.64 0.00 601.643.050101240,000.0091435LAG2 0.00
245,000.001226245,000.00 1.800NYCMBK 362.46 0.00 362.461.800101245,000.00649447TC3 0.00
245,000.001143245,000.00 3.100ALLGNC 624.24 0.00 624.243.100101245,000.0001748DBE5 0.00
245,000.001144245,000.00 3.150RCB 634.32 0.00 634.323.150101245,000.0074934YAH4 0.00
245,000.001145245,000.00 2.750WEX 553.76 0.00 553.762.750101245,000.0092937CHG6 0.00
245,000.001146245,000.00 2.850EAGLE 573.90 0.00 573.902.850101245,000.0027002YDV5 0.00
245,000.001147245,000.00 3.1501STNBA 634.32 0.00 634.323.150101245,000.0032110YLK9 0.00
245,000.001148245,000.00 3.000TRAD 604.11 0.00 604.113.000101245,000.0089269CBX9 0.00
245,000.001149245,000.00 3.000PCSB 604.11 0.00 604.113.000101245,000.0069324MAD7 0.00
240,000.001150240,000.00 3.100GECRUN 611.51 0.00 611.513.100101240,000.00369674AV8 0.00
249,000.001151249,000.00 3.250NWENGL 665.14 0.00 665.143.250101249,000.0006426KAN8 0.00
18,718,032.77115318,718,032.77CAMP 31,007.98 0.00 31,007.981.82410120,687,024.79SYS1153 0.00
245,000.001154245,000.00 3.350JEFF 674.59 0.00 674.593.350101245,000.00474067AQ8 0.00
248,000.001155248,000.00 3.300MARBUS 672.66 0.00 672.663.300101248,000.0057116ARV2 0.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:38 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.150
Click HERE to return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund
Page 4
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
November 1, 2019 - November 30, 2019
Total Earnings
City of La Quinta
Annualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
487,950.001159500,000.00 2.300P&G 958.33 0.00 958.332.390101487,950.00742718DY2 0.00
245,000.001160245,000.00 3.200MUNTRS 644.38 0.00 644.383.200101245,000.00625925AR3 0.00
245,000.001161245,000.00 3.350UBS 674.59 0.00 674.593.350101245,000.0090348JEJ5 0.00
248,000.001162248,000.00 3.400COMMBK 693.04 0.00 693.043.400101248,000.0020143PDV9 0.00
248,000.001164248,000.00 3.550NMRCA 723.62 0.00 723.623.550101248,000.0067054NAN3 0.00
248,000.001165248,000.00 3.000FARMBU 611.51 0.00 611.513.000101248,000.00307660LC2 0.00
248,000.001166248,000.00 3.350REDRCK 682.85 0.00 682.853.350101248,000.0075701LAB3 0.00
245,000.001167245,000.00 3.200NEIGH 644.38 0.00 644.383.200101245,000.0064017AAQ7 0.00
245,000.001168245,000.00 3.1501STSRC 634.32 0.00 634.323.150101245,000.0033646CKP8 0.00
245,000.001170245,000.00 3.400NLCOOP 684.66 0.00 684.663.400101245,000.00635573AL2 0.00
248,000.001171248,000.00 3.300MAINE 672.65 0.00 672.653.300101248,000.00560507AK1 0.00
248,000.001172248,000.00 3.350BARHAR 682.85 0.00 682.853.350101248,000.00066851WJ1 0.00
485,250.001175500,000.00 1.950COLGTE 812.50 0.00 812.502.037101485,250.0019416QEA4 0.00
66,711.97118366,711.97STIFEL 50.98 0.00 50.983.92910115,788.19SYS1183 0.00
248,000.001179248,000.00 2.8001STNBK 570.74 0.00 570.742.800101248,000.0032117BCX4 0.00
248,000.001180248,000.00 2.700VERUS 550.35 0.00 550.352.700101248,000.0092535LCD4 0.00
248,000.001181248,000.00 2.950NRTHWS 601.32 0.00 601.322.950101248,000.0066736ABP3 0.00
248,000.001184248,000.00 2.500CENTNX 509.60 0.00 509.602.500101248,000.00156634AK3 0.00
245,000.001185245,000.00 3.250JPMORG 654.45 0.00 654.453.250101245,000.0048128HXU7 0.00
245,000.001186245,000.00 2.400IOWAST 483.29 0.00 483.292.400101245,000.0046256YAZ2 0.00
248,000.001187248,000.00 2.400TSCOLA 489.21 0.00 489.212.400101248,000.0087266AAA1 0.00
248,000.001188248,000.00 2.600MAINST 529.97 0.00 529.972.600101248,000.0056065GAG3 0.00
248,000.001189248,000.00 2.500CONGRS 509.59 0.00 509.592.500101248,000.0020726ABA5 0.00
496,650.001190500,000.00 2.350WALMRT 979.17 0.00 979.172.399101496,650.00931142DU4 0.00
245,000.001194245,000.00 2.500PITTS 503.43 0.00 503.432.500101245,000.00725404AB3 0.00
245,000.001195245,000.00 2.550PLAINS 513.49 0.00 513.492.550101245,000.0072651LCL6 0.00
248,000.001196248,000.00 2.600EVNSCU 529.97 0.00 529.972.600101248,000.00299547AQ2 0.00
248,000.001197248,000.00 2.400LEGCY 489.21 0.00 489.212.400101248,000.00524661CB9 0.00
248,000.001199248,000.00 2.400CTZNST 489.20 0.00 489.202.400101248,000.00176688CP2 0.00
248,000.001200248,000.00 2.300AMERCU 468.82 0.00 468.822.300101248,000.0003065AAL7 0.00
245,000.001201245,000.00 2.150STRLNG 432.95 0.00 432.952.150101245,000.0085916VDC6 0.00
248,000.001202248,000.00 2.250COMMW 458.63 0.00 458.632.250101248,000.0020416TAQ5 0.00
247,000.001203247,000.00 2.300REVER 466.93 0.00 466.932.300101247,000.00761402BY1 0.00
248,000.001205248,000.00 2.000AMRNTL 407.67 0.00 407.672.000101248,000.0002772JBD1 0.00
248,000.001207248,000.00 1.950ABACUS 397.48 0.00 397.481.950101248,000.0000257TBD7 0.00
248,000.001208248,000.00 2.000LKSIDE 407.67 0.00 407.672.000101248,000.0051210SQU4 0.00
248,000.001209248,000.00 2.0001STSEC 407.67 0.00 407.672.000101248,000.0033625CCP2 0.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:38 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.151
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Current
Rate
Ending
Par Value
Ending
Fund
Page 5
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
November 1, 2019 - November 30, 2019
Total Earnings
City of La Quinta
Annualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
248,000.001210248,000.00 2.000PEOPLE 407.67 0.00 407.672.000101248,000.00710571DS6 0.00
248,000.001211248,000.00 2.100NFNITY 428.05 0.00 428.052.100101248,000.0045667EDY1 0.00
249,000.001213249,000.00 2.000PREFRD 409.32 0.00 409.322.000101249,000.00740367HP5 0.00
248,000.001214248,000.00 2.000UNTDCU 407.67 0.00 407.672.000101248,000.00910160AH3 0.00
248,000.001215248,000.00 2.000WSHFED 407.67 0.00 407.672.000101248,000.00938828BH2 0.00
249,000.001216249,000.00 1.9501STIER 399.08 0.00 399.081.950101249,000.0033766LAJ7 0.00
244,000.001218244,000.00 1.950RAYJAM 391.07 0.00 391.071.950101244,000.0075472RAD3 0.00
245,000.001219245,000.00 1.900CITBNK 382.60 0.00 382.601.900101245,000.0012556LBA3 0.00
248,000.001220248,000.00 1.850CELTIC 377.10 0.00 377.101.850101248,000.0015118RRH2 0.00
249,000.001221249,000.00 1.8501STNBS 378.62 0.00 378.621.850101249,000.00334342CD2 0.00
248,000.001222248,000.00 1.8001STDQN 366.90 0.00 366.901.800101248,000.00336460CX6 0.00
245,000.001225245,000.00 1.600LUANA 322.19 0.00 322.191.600101245,000.00549104JN8 0.00
963,039.981228963,039.98BOTW 0.01 0.00 0.011011,467,768.98059731851 0.00
248,000.001227248,000.00 1.700BNKWST 346.52 0.00 346.521.700101248,000.0006652CHB0 0.00
6,660,656.3912306,660,656.39PARS 0.00 0.00 0.001016,607,022.56SYS1230 0.00
248,000.001231248,000.00 1.7001STSER 173.26 0.00 173.261.7001010.0033640VDD7 0.00
248,000.001235248,000.00 1.700SAUKVL 265.67 0.00 265.671.7001010.00804375DL4 0.00
248,000.001238248,000.00 1.800LIVEOK 36.69 0.00 36.691.8001010.00538036GV0 0.00
127,481,236.12Subtotal 127,221,568.62 1.798 191,662.260.00191,662.26128,465,586.82 0.00
Fund: Fiscal Agent
8,000.5810588,000.58USBANK 8.59 0.00 8.591.3082317,991.99SYS1058 0.00
8,000.58Subtotal 8,000.58 1.308 8.590.008.597,991.99 0.00
Fund: Housing Authority : WSA and LQ
232,420.621062232,420.62LQPR 0.00 0.00 0.00241227,484.87SYS1062 0.00
232,420.62Subtotal 232,420.62 0.000.000.00227,484.87 0.00
Fund: SA Low/Mod Bond Fund
16,569,858.45111316,569,858.45 2.103LAIF 31,068.91 0.00 31,068.912.28124916,569,858.4525-33-005 0.00
16,569,858.45Subtotal 16,569,858.45 2.281 31,068.910.0031,068.9116,569,858.45 0.00
144,291,515.77Total 144,031,848.27 1.850 222,739.760.00222,739.76145,270,922.13 0.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:38 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.152
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53Click HERE to return to Agenda
Days to
Maturity
Page 1
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
December 31, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Bank Accounts
1Bank of the West1228 4,321,831.35 4,321,831.3508/20/2019 4,321,831.35 1059731851 0.000
1City Petty Cash1059 3,300.00 3,300.0007/01/2016 3,300.00 1SYS1059 0.000
1La Quinta Palms Realty1062 222,868.29 222,868.2907/01/2016 222,868.29 1SYS1062 0.000
1Stifel, Nicolaus & Company1183 0.00 0.0003/18/2019 0.00 1SYS1183 0.000
1Wells Fargo1057 5,484,174.67 5,484,174.6707/01/2016 5,484,174.67 14159282482 0.000
10,032,174.31 110,032,174.3110,032,174.315,407,463.21Subtotal and Average 1 0.000
Local Agency Investment Fund-City
1Local Agency Inv Fund1055 30,112,948.14 30,112,948.14 2.04330,211,385.37 198-33-434 2.043
30,112,948.14 130,211,385.3730,112,948.1430,112,948.14Subtotal and Average 1 2.043
Local Agency Invstmnt Fund-Housing
1Local Agency Inv Fund1113 16,569,858.45 16,569,858.45 2.04316,597,869.93 125-33-005 2.043
16,569,858.45 116,597,869.9316,569,858.4516,569,858.45Subtotal and Average 1 2.043
Money Market Accounts - CAMP
1California Asset Management Pr1153 18,746,656.05 18,746,656.0509/26/2018 18,746,656.05 1SYS1153 0.000
18,746,656.05 118,746,656.0518,746,656.0518,718,956.10Subtotal and Average 1 0.000
Federal Agency Coupon Securities
609Federal Farm Credit Bank1105 1,000,000.00 992,200.00 09/01/20211.70011/09/2017 1,002,280.00 1,3923133EHWM1 1.913
128Federal Farm Credit Bank1142 500,000.00 491,750.00 05/08/20201.55005/31/2018 499,835.00 7083133EHJA2 2.427
1,343Federal Farm Credit Bank1158 250,000.00 247,275.00 09/05/20232.80010/15/2018 260,332.50 1,7863133EJYL7 3.041
1,035Federal Farm Credit Bank1191 500,000.00 492,100.00 11/01/20221.70005/28/2019 497,775.00 1,2533133EGD28 2.181
1,076Federal Farm Credit Bank1198 500,000.00 499,500.00 12/12/20221.87506/20/2019 503,745.00 1,2713133EKQP4 1.905
1,668Federal Farm Credit Bank1212 500,000.00 499,500.00 07/26/20241.85008/02/2019 502,060.00 1,8203133EKWV4 1.871
1,321Federal Farm Credit Bank1223 500,000.00 499,400.00 08/14/20231.60009/12/2019 499,375.00 1,4323133EKZK5 1.632
1,721Federal Farm Credit Bank1224 500,000.00 498,750.00 09/17/20241.60009/17/2019 496,250.00 1,8273133EKP75 1.652
1,400Federal Farm Credit Bank1234 1,000,000.00 996,900.00 11/01/20231.60011/01/2019 998,570.00 1,4613133EK4X1 1.680
1,721Federal Farm Credit Bank1242 1,000,000.00 998,600.00 09/17/20241.70012/17/2019 998,670.00 1,7363133ELEA8 1.731
483Federal Home Loan Bank1053 2,500,000.00 2,491,250.00 04/28/20211.35004/28/2016 2,487,575.00 1,8263130A7QZ1 1.423
299Federal Home Loan Bank1064 2,500,000.00 2,500,000.00 10/26/20201.37510/26/2016 2,496,400.00 1,4613130A9UQ2 1.375
254Federal Home Loan Bank1104 1,000,000.00 996,800.00 09/11/20201.62511/09/2017 999,780.00 1,0373130A66T9 1.741
1,504Federal Home Loan Bank1177 500,000.00 498,550.00 02/13/20242.50003/01/2019 515,550.00 1,8103130AFW94 2.563
938Federal Home Loan Mtg Corp1090 1,000,000.00 1,000,000.00 07/27/20222.15007/27/2017 1,000,260.00 1,8263134GBWG3 2.150
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:43 PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1
54
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Days to
Maturity
Page 2
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
December 31, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Federal Agency Coupon Securities
26Federal National Mtg Assn1072 2,000,000.00 2,000,000.00 01/27/20201.70003/27/2017 2,000,060.00 1,0363135G0S53 1.700
1,644Federal National Mtg Assn1206 500,000.00 495,950.00 07/02/20241.75007/15/2019 500,570.00 1,8143135G0V75 1.922
979Federal National Mtg Assn1233 1,000,000.00 992,100.00 09/06/20221.37510/29/2019 993,420.00 1,0433135G0W33 1.659
17,190,625.00 1,46117,252,507.5017,250,000.0019,439,605.65Subtotal and Average 770 1.745
Treasury Coupon Securities
546U.S. Treasury1045 5,000,000.00 5,000,000.00 06/30/20211.12507/18/2016 4,965,050.00 1,808912828S27 1.125
90U.S. Treasury1068 2,500,000.00 2,483,250.00 03/31/20201.37503/20/2017 2,498,350.00 1,107912828J84 1.602
669U.S. Treasury1070 2,000,000.00 1,942,800.00 10/31/20211.25003/27/2017 1,987,960.00 1,679912828T67 1.903
227U.S. Treasury1117 1,000,000.00 985,800.00 08/15/20201.50001/22/2018 999,220.00 9369128282Q2 2.071
120U.S. Treasury1138 500,000.00 488,250.00 04/30/20201.12505/31/2018 499,140.00 700912828VA5 2.387
1,003U.S. Treasury1178 500,000.00 489,687.50 09/30/20221.87503/01/2019 503,810.00 1,3099128282W9 2.480
865U.S. Treasury1192 500,000.00 496,650.00 05/15/20221.75005/31/2019 501,835.00 1,080912828SV3 1.984
516U.S. Treasury1193 500,000.00 493,610.00 05/31/20211.37505/31/2019 498,475.00 731912828R77 2.030
1,368U.S. Treasury1217 500,000.00 499,300.00 09/30/20231.37508/21/2019 495,020.00 1,501912828T26 1.410
1,795U.S. Treasury1241 1,000,000.00 989,687.50 11/30/20241.50012/16/2019 991,910.00 1,811912828YV6 1.718
13,869,035.00 1,47113,940,770.0014,000,000.0014,515,008.79Subtotal and Average 589 1.595
Certificate of Deposits
1,703First State Bk DeQueen1222 248,000.00 248,000.00 08/30/20241.80008/30/2019 246,752.56 1,827336460CX6 1.802
1,696FirsTier Bank1216 249,000.00 249,000.00 08/23/20241.95008/23/2019 249,435.75 1,82733766LAJ7 1.952
1,296First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 256,093.60 1,82632110YLK9 3.152
1,220First National Bank1179 248,000.00 248,000.00 05/05/20232.80003/05/2019 255,794.64 1,52232117BCX4 2.802
1,703First Natl Bk of Syracuse1221 249,000.00 249,000.00 08/30/20241.85008/30/2019 248,302.80 1,827334342CD2 1.852
1,672First Security Bank of WA1209 248,000.00 248,000.00 07/30/20242.00007/30/2019 249,051.52 1,82733625CCP2 2.002
1,596First Service Bank1231 248,000.00 248,000.00 05/15/20241.70011/15/2019 246,125.12 1,64333640VDD7 1.701
686First Source Bank1168 245,000.00 245,000.00 11/17/20213.15012/17/2018 251,573.35 1,06633646CKP8 3.153
292First Tech Federal Credit Unio1124 245,000.00 245,000.00 10/19/20202.70004/18/2018 247,050.65 91533715LBJ8 2.623
761Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 248,893.05 1,46288413QBY3 2.502
1,668Abacus Federal Savings1207 248,000.00 248,000.00 07/26/20241.95007/26/2019 248,520.80 1,82700257TBD7 1.952
894Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 252,844.90 1,46101748DBE5 3.102
1,016Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 247,969.40 1,82601859BAA3 2.251
432Ally Bank Midvale1176 245,000.00 245,000.00 03/08/20212.50003/07/2019 247,381.40 73202007GHX4 2.016
909America's Credit Union1200 248,000.00 248,000.00 06/28/20222.30006/28/2019 250,126.35 1,09603065AAL7 2.302
474Amex Centurion1077 240,000.00 240,000.00 04/19/20212.25004/19/2017 241,629.60 1,46102587DP85 2.252
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:43 PM (PRF_PM2) 7.3.0
55
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Days to
Maturity
Page 3
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
December 31, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Certificate of Deposits
971American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 242,872.80 1,82602587CFU9 2.402
1,295American National Bank1205 248,000.00 248,000.00 07/19/20232.00007/19/2019 249,418.56 1,46102772JBD1 2.001
1,176Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 252,413.70 1,826034577AH9 2.802
1,028Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 243,247.20 1,82606740KLJ4 2.291
1,458Bar Harbor Bank and Trust1172 248,000.00 248,000.00 12/29/20233.35012/31/2018 262,441.04 1,824066851WJ1 3.352
691Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 246,800.75 1,462080515CD9 2.101
785BMW Bank1067 240,000.00 240,000.00 02/24/20222.20002/24/2017 242,378.40 1,82605580AGK4 2.201
379Bankers Bank1086 240,000.00 240,000.00 01/14/20211.80007/14/2017 240,338.40 1,28006610RAP4 1.804
1,731BankWest Inc1227 248,000.00 248,000.00 09/27/20241.70009/27/2019 245,515.04 1,82706652CHB0 1.702
523Capital One Natl Assn FDIC42971082 240,000.00 240,000.00 06/07/20212.25006/07/2017 241,929.60 1,46114042RGD7 2.252
161Capital One USA FDIC339541006 245,000.00 245,000.00 06/10/20201.90006/10/2015 245,316.05 1,827140420RX0 1.902
418Comenity Capital Bank1009 240,000.00 240,000.00 02/22/20211.70002/22/2016 240,086.40 1,82720033APG5 1.702
1,703Celtic Bank1220 248,000.00 248,000.00 08/30/20241.85008/30/2019 247,305.60 1,82715118RRH2 1.852
1,597Century Next Bank1184 248,000.00 248,000.00 05/16/20242.50005/29/2019 254,460.40 1,814156634AK3 2.503
965CIT Bank NA1219 245,000.00 245,000.00 08/23/20221.90008/23/2019 245,720.30 1,09612556LBA3 1.902
1,196Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 253,310.40 1,82617312QJ26 2.902
560Central State Bank1085 240,000.00 240,000.00 07/14/20211.85007/14/2017 240,590.40 1,46115523RBJ4 1.851
1,414Commercial Bank1162 248,000.00 248,000.00 11/15/20233.40011/15/2018 262,483.20 1,82620143PDV9 3.402
1,640Communitywide FCU1202 248,000.00 248,000.00 06/28/20242.25006/28/2019 251,794.40 1,82720416TAQ5 2.253
1,213Congressional Bank1189 248,000.00 248,000.00 04/28/20232.50004/30/2019 253,356.80 1,45920726ABA5 2.502
1,052CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 247,660.70 1,82422766ACB9 2.201
1,633Citizens State Bank1199 248,000.00 248,000.00 06/21/20242.40006/21/2019 253,406.40 1,827176688CP2 2.403
762Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 242,592.00 1,8262546722U1 2.251
20Douglas National Bank1093 240,000.00 240,000.00 01/21/20201.65007/19/2017 240,004.80 916259744DS6 1.655
385Eagle Bank1146 245,000.00 245,000.00 01/20/20212.85007/20/2018 248,038.00 91527002YDV5 2.858
1,213EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 248,671.20 1,82429278TAY6 2.952
1,062Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 247,315.25 1,82629367QCP1 2.151
1,624Evansville Teachers Credit FCU1196 248,000.00 248,000.00 06/12/20242.60006/12/2019 255,524.32 1,827299547AQ2 2.603
156EverBank1017248,000.00 248,000.00 06/05/20201.70006/05/2015 248,042.16 1,82729976DXX3 1.702
383Farm Bureau Bank1165 248,000.00 248,000.00 01/18/20213.00012/17/2018 251,447.20 763307660LC2 2.898
849Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 245,764.80 1,46030960QAG2 2.802
356Freedom Credit Union1111 245,000.00 245,000.00 12/22/20202.05012/22/2017 245,928.55 1,09635638BAA9 2.052
593General Electric Credit Union1150 240,000.00 240,000.00 08/16/20213.10008/15/2018 245,421.60 1,097369674AV8 3.100
846Goldman Sachs1078 240,000.00 240,000.00 04/26/20222.40004/26/2017 243,547.20 1,82638148PJK4 2.401
194First Bank of Highland1094 240,000.00 240,000.00 07/13/20201.75007/13/2017 240,117.60 1,096319141GT8 1.752
925HSBC Bank USA, National Associ1088 240,000.00 240,000.00 07/14/20222.30007/14/2017 240,825.60 1,82640434YLE5 2.301
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:43 PM (PRF_PM2) 7.3.0
56
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Days to
Maturity
Page 4
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
December 31, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Certificate of Deposits
1,604Iowa State Bank1186 245,000.00 245,000.00 05/23/20242.40005/23/2019 250,326.30 1,82746256YAZ2 2.403
1,387Jefferson Financial CU1154 245,000.00 245,000.00 10/19/20233.35010/19/2018 258,563.20 1,826474067AQ8 3.352
132Jefferson Bank & Trust1100 245,000.00 245,000.00 05/12/20201.75011/09/2017 245,083.30 915472376AC6 1.751
1,597JP Morgan Chase1185 245,000.00 245,000.00 05/16/20243.25005/16/2019 240,908.50 1,82748128HXU7 3.254
867Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 246,972.25 1,64250116CBE8 2.099
1,094Kern FCU1239 248,000.00 248,000.00 12/30/20221.90012/30/2019 248,530.72 1,09649228XAK6 1.902
1,093Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 249,096.40 1,826499724AB8 2.401
1,631Legacy Bank1197 248,000.00 248,000.00 06/19/20242.40006/19/2019 253,406.40 1,827524661CB9 2.403
1,609Live Oak Bank1238 248,000.00 248,000.00 05/28/20241.80011/27/2019 247,117.12 1,644538036GV0 1.802
1,489Lakeside Bank1208 248,000.00 248,000.00 01/29/20242.00007/30/2019 249,483.04 1,64451210SQU4 2.003
807Luana Savings Bank1225 245,000.00 245,000.00 03/18/20221.60009/18/2019 244,279.70 912549104JN8 1.599
789Maine Savings FCU1171 248,000.00 248,000.00 02/28/20223.30012/28/2018 256,255.92 1,158560507AK1 3.306
1,577Main Street Bank1188 248,000.00 248,000.00 04/26/20242.60004/26/2019 255,464.80 1,82756065GAG3 2.603
1,385Marlin Business Bank1155 248,000.00 248,000.00 10/17/20233.30010/17/2018 261,302.72 1,82657116ARV2 3.302
1,071Medallion Bank1169 248,000.00 248,000.00 12/07/20223.40012/07/2018 259,199.68 1,46158404DCX7 3.402
188Mercantile Bank of Michigan1087 240,000.00 240,000.00 07/07/20201.75007/07/2017 240,112.80 1,09658740XZL7 1.752
163Bank Midwest1002 248,000.00 248,000.00 06/12/20201.65006/12/2015 247,990.08 1,827063615AVO 1.652
1,785Morgan Stanley Bank1237 245,000.00 245,000.00 11/20/20241.95011/20/2019 245,139.65 1,82761690UNX4 1.952
1,266Morton Community1173 248,000.00 248,000.00 06/20/20232.75003/20/2019 255,648.32 1,553619165JD6 2.753
1,031Merrick Bank1163 248,000.00 248,000.00 10/28/20223.25010/30/2018 257,870.40 1,45959013J4K2 3.252
1,785Morgan Stanley Private Bk, NA1236 245,000.00 245,000.00 11/20/20241.90011/20/2019 244,571.25 1,82761760A3B3 1.902
1,042Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 248,336.90 1,82662384RAC0 2.301
1,385Municipal Trust and Savings1160 245,000.00 245,000.00 10/17/20233.20010/17/2018 257,242.65 1,826625925AR3 3.202
720Neighbors FCU1167 245,000.00 245,000.00 12/21/20213.20012/21/2018 252,080.50 1,09664017AAQ7 3.203
397Infinty FCU1211 248,000.00 248,000.00 02/01/20212.10007/31/2019 249,160.64 55145667EDY1 2.110
1,450National Cooperative Bank, N.A1170 245,000.00 245,000.00 12/21/20233.40012/21/2018 259,616.70 1,826635573AL2 3.402
1,427Numerica Credit Union1164 248,000.00 248,000.00 11/28/20233.55011/28/2018 264,010.88 1,82667054NAN3 3.552
664Northpointe Bank1127 240,000.00 240,000.00 10/26/20212.70004/26/2018 244,296.00 1,279666613GV0 2.703
1,504Northwest Bank1181 248,000.00 248,000.00 02/13/20242.95002/13/2019 258,788.00 1,82666736ABP3 2.951
1,307Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 261,228.39 1,82606426KAN8 3.252
635New York Community Bank1226 245,000.00 245,000.00 09/27/20211.80009/27/2019 245,423.85 731649447TC3 1.802
749The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 240,885.60 1,645677721CN0 1.903
889PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 252,237.30 1,46169324MAD7 3.002
1,673People's Bank1210 248,000.00 248,000.00 07/31/20242.00007/31/2019 249,049.04 1,827710571DS6 2.002
1,253Pittsfield Cooperative Bank1194 245,000.00 245,000.00 06/07/20232.50006/07/2019 250,431.65 1,461725404AB3 2.502
1,619Plains Commerce Bank1195 245,000.00 245,000.00 06/07/20242.55006/07/2019 251,884.50 1,82772651LCL6 2.553
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:43 PM (PRF_PM2) 7.3.0
57
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Days to
Maturity
Page 5
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
December 31, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
Certificate of Deposits
1,689Preferred Bank1213 249,000.00 249,000.00 08/16/20242.00008/16/2019 250,008.45 1,827740367HP5 2.002
511PrivateBank & Trust1032 240,000.00 240,000.00 05/26/20211.50005/26/2016 239,728.80 1,82674267GVG9 1.501
1,330Raymond James Bank1218 244,000.00 244,000.00 08/23/20231.95008/23/2019 244,985.76 1,46175472RAD3 1.951
1,266RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 255,848.60 1,82674934YAH4 3.152
1,071Red Rocks Credit Union1166 248,000.00 248,000.00 12/07/20223.35012/07/2018 258,845.04 1,46175701LAB3 3.352
1,640Revere Bank1203 247,000.00 247,000.00 06/28/20242.30006/28/2019 251,310.15 1,827761402BY1 2.303
327First Bank Richmond1081 245,000.00 245,000.00 11/23/20201.80006/21/2017 245,318.50 1,251319267GC8 1.802
902Sallie Mae Bank Salt Lake CIty1083 240,000.00 240,000.00 06/21/20222.35006/21/2017 243,388.80 1,826795450A70 2.351
1,772Sauk Valley B&T Co1235 248,000.00 248,000.00 11/07/20241.70011/07/2019 245,319.12 1,827804375DL4 1.702
1,094San Francisco FCU1240 248,000.00 248,000.00 12/30/20221.85012/30/2019 248,000.00 1,09679772FAC0 1.852
971Sterling Bank1201 245,000.00 245,000.00 08/29/20222.15006/28/2019 247,307.90 1,15885916VDC6 2.153
111Stearnes Bank, N.A.1076 240,000.00 240,000.00 04/21/20201.60004/21/2017 239,956.80 1,096857894TC3 1.588
883Synchrony Bank Retail1080 240,000.00 240,000.00 06/02/20222.40006/02/2017 243,636.00 1,82687164XQV1 2.401
485Towne Bank1128 240,000.00 240,000.00 04/30/20212.80004/30/2018 243,542.40 1,09689214PBL2 2.803
950Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 252,599.90 1,52289269CBX9 3.002
691TNB Bank1187 248,000.00 248,000.00 11/22/20212.40005/22/2019 251,206.64 91587266AAA1 2.407
1,385UBS Bank USA1161 245,000.00 245,000.00 10/17/20233.35010/17/2018 258,590.15 1,82690348JEJ5 3.352
440Unity Bank1120 245,000.00 245,000.00 03/16/20212.55003/16/2018 247,579.85 1,09691330ABN6 2.552
721United Credit Union1214 248,000.00 248,000.00 12/22/20212.00008/22/2019 249,398.72 853910160AH3 2.003
1,230University of Iowa Comm. CU1134 240,000.00 240,000.00 05/15/20233.05005/14/2018 249,564.00 1,82791435LAG2 3.052
1,154Verus Bank of Commerce1180 248,000.00 248,000.00 02/28/20232.70002/28/2019 254,629.04 1,46192535LCD4 2.700
1,518Wells Fargo1174 248,000.00 248,000.00 02/27/20243.00002/27/2019 257,213.20 1,826949763XY7 3.001
166Wex Bank1145 245,000.00 245,000.00 06/15/20202.75006/13/2018 246,229.90 73392937CHG6 2.754
1,696Washington Federal1215 248,000.00 248,000.00 08/23/20242.00008/23/2019 248,984.56 1,827938828BH2 2.002
27,455,000.00 1,53927,908,819.7427,455,000.0026,975,000.00Subtotal and Average 1,039 2.413
Corporate Notes
581Apple Inc1079 500,000.00 493,050.00 08/04/20211.55006/12/2017 498,125.00 1,514037833CC2 1.900
1,127Colgate-Palmolive1175 500,000.00 485,250.00 02/01/20231.95003/04/2019 502,235.00 1,43019416QEA4 2.751
36Microsoft Corporation1118 500,000.00 497,700.00 02/06/20201.85001/22/2018 499,980.00 745594918BV5 2.081
1,315Microsoft Corporation1157 400,000.00 378,360.00 08/08/20232.00010/15/2018 402,856.00 1,758594918BQ6 3.222
767Proctor and Gamble1159 500,000.00 487,950.00 02/06/20222.30010/15/2018 506,775.00 1,210742718DY2 3.071
463Toyota Motor Credit Corp1204 500,000.00 499,750.00 04/08/20211.90006/24/2019 500,690.00 65489236TCZ6 1.928
1,741Toyota Motor Credit Corp1232 500,000.00 500,000.00 10/07/20242.00010/23/2019 500,070.00 1,81189236TGL3 2.000
1,079Wal-Mart Stores, Inc1190 500,000.00 496,650.00 12/15/20222.35004/16/2019 508,750.00 1,339931142DU4 2.799
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:43 PM (PRF_PM2) 7.3.0
58
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Days to
Maturity
Page 6
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
December 31, 2019
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
City of La Quinta
YTM
365TermCUSIPInvestment #
Purchase
Date
3,838,710.00 1,2933,919,481.003,900,000.003,838,710.00Subtotal and Average 876 2.443
Money Market with Fiscal Agent
1US Bank1058 8,007.69 8,007.6907/01/2016 8,007.69 1SYS1058 0.000
8,007.69 18,007.698,007.698,000.81Subtotal and Average 1 0.000
CERBT - OPEB Trust
1CalPERS CERBT Plan1114 1,722,812.97 1,722,812.9707/01/2019 1,722,812.97 1SYS1114 0.000
1,722,812.97 11,722,812.971,722,812.971,661,035.07Subtotal and Average 1 0.000
PARS Pension Trust
1Pblc Agncy Rtrmnt Serv1230 6,718,159.01 6,718,159.0108/01/2019 6,718,159.01 1SYS1230 0.000
6,718,159.01 16,718,159.016,718,159.016,662,511.31Subtotal and Average 1 0.000
635143,909,097.53 146,515,616.62 365 1.525147,058,643.57 146,263,986.62Total and Average
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:43 PM (PRF_PM2) 7.3.0
59
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City of La Quinta
Total Earnings
City of La Quinta
-
Sorted by Fund - Fund
December 1, 2019 - December 31, 2019
Current
Rate
Ending
Par Value
Ending
Fund Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted InterestAnnualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
992,100.0012331,000,000.00 1.375FNMA 1,145.83 0.00 1,145.831.360101992,100.003135G0W33 0.00
495,950.001206500,000.00 1.750FNMA 729.17 0.00 729.171.731101495,950.003135G0V75 0.00
2,000,000.0010722,000,000.00 1.700FNMA 2,833.33 0.00 2,833.331.6681012,000,000.003135G0S53 0.00
0.0010840.00 2.000FHLMC 1,555.56 0.00 1,555.562.029101999,500.003134GBXF4 0.00
1,000,000.0010901,000,000.00 2.150FHLMC 1,791.66 0.00 1,791.662.1101011,000,000.003134GBWG3 0.00
0.0010730.00 2.000FHLMC 3,111.11 0.00 13,111.118.2921011,990,000.003134GBAE2 10,000.00
499,400.001223500,000.00 1.600FFCB 666.66 0.00 666.661.572101499,400.003133EKZK5 0.00
499,500.001212500,000.00 1.850FFCB 770.83 0.00 770.831.817101499,500.003133EKWV4 0.00
247,275.001158250,000.00 2.800FFCB 583.34 0.00 583.342.778101247,275.003133EJYL7 0.00
491,750.001142500,000.00 1.550FFCB 645.83 0.00 645.831.546101491,750.003133EHJA2 0.00
992,200.0011051,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.681101992,200.003133EHWM1 0.00
499,500.001198500,000.00 1.875FFCB 781.25 0.00 781.251.842101499,500.003133EKQP4 0.00
492,100.001191500,000.00 1.700FFCB 708.34 0.00 708.341.695101492,100.003133EGD28 0.00
996,900.0012341,000,000.00 1.600FFCB 1,333.34 0.00 1,333.341.575101996,900.003133EK4X1 0.00
498,750.001224500,000.00 1.600FFCB 666.67 0.00 666.671.574101498,750.003133EKP75 0.00
998,600.0012421,000,000.00 1.700FFCB 661.11 0.00 661.111.6111010.003133ELEA8 0.00
498,550.001177500,000.00 2.500FHLB 1,041.67 0.00 1,041.672.460101498,550.003130AFW94 0.00
2,491,250.0010532,500,000.00 1.350FHLB 2,812.50 0.00 2,812.501.3291012,491,250.003130A7QZ1 0.00
2,500,000.0010642,500,000.00 1.375FHLB 2,864.59 0.00 2,864.591.3491012,500,000.003130A9UQ2 0.00
996,800.0011041,000,000.00 1.625FHLB 1,354.17 0.00 1,354.171.600101996,800.003130A66T9 0.00
0.0010690.00 1.375USTR 1,314.89 0.00 10,564.8911.0591012,490,750.00912828U73 9,250.00
2,483,250.0010682,500,000.00 1.375USTR 2,911.54 0.00 2,911.541.3801012,483,250.00912828J84 0.00
499,300.001217500,000.00 1.375USTR 582.31 0.00 582.311.373101499,300.00912828T26 0.00
493,610.001193500,000.00 1.375USTR 582.31 0.00 582.311.389101493,610.00912828R77 0.00
989,687.5012411,000,000.00 1.500USTR 655.74 0.00 655.741.5111010.00912828YV6 0.00
5,000,000.0010455,000,000.00 1.125USTR 4,740.13 0.00 4,740.131.1161015,000,000.00912828S27 0.00
488,250.001138500,000.00 1.125USTR 479.05 0.00 479.051.155101488,250.00912828VA5 0.00
985,800.0011171,000,000.00 1.500USTR 1,263.59 0.00 1,263.591.509101985,800.009128282Q2 0.00
496,650.001192500,000.00 1.750USTR 745.19 0.00 745.191.767101496,650.00912828SV3 0.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:45 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.160
Click HERE to return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund
Page 2
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
December 1, 2019 - December 31, 2019
Total Earnings
City of La Quinta
Annualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
1,942,800.0010702,000,000.00 1.250USTR 2,129.12 0.00 2,129.121.2901011,942,800.00912828T67 0.00
489,687.501178500,000.00 1.875USTR 794.06 0.00 794.061.909101489,687.509128282W9 0.00
5,484,174.6710575,484,174.67WELLS 0.01 0.00 0.011013,688,571.064159282482 0.00
248,000.001174248,000.00 3.000WELLS 631.89 0.00 631.893.000101248,000.00949763XY7 0.00
240,000.001078240,000.00 2.400GLDMAN 489.20 0.00 489.202.400101240,000.0038148PJK4 0.00
240,000.001077240,000.00 2.250AMEX 458.63 0.00 458.632.250101240,000.0002587DP85 0.00
240,000.001067240,000.00 2.200BMW 448.44 0.00 448.442.200101240,000.0005580AGK4 0.00
248,000.001169248,000.00 3.400MEDBA 716.14 0.00 716.143.400101248,000.0058404DCX7 0.00
240,000.001097240,000.00 2.300BARCLY 468.82 0.00 468.822.300101240,000.0006740KLJ4 0.00
245,000.001112245,000.00 2.5003RD 520.21 0.00 520.212.500101245,000.0088413QBY3 0.00
248,000.001163248,000.00 3.250MRRCK 684.55 0.00 684.553.250101248,000.0059013J4K2 0.00
240,000.001128240,000.00 2.800TOWNE 570.74 0.00 570.742.800101240,000.0089214PBL2 0.00
248,000.001173248,000.00 2.750MORTN 579.23 0.00 579.232.750101248,000.00619165JD6 0.00
248,000.001017248,000.00 1.700EVRBA 358.07 0.00 358.071.700101248,000.0029976DXX3 0.00
245,000.001006245,000.00 1.900CAPONE 395.36 0.00 395.361.900101245,000.00140420RX0 0.00
248,000.001002248,000.00 1.650MIDWES 347.54 0.00 347.541.650101248,000.00063615AVO 0.00
245,000.001176245,000.00 2.500ALLY 520.21 0.00 520.212.500101245,000.0002007GHX4 0.00
240,000.001009240,000.00 1.700CCBA 346.52 0.00 346.521.700101240,000.0020033APG5 0.00
240,000.001032240,000.00 1.500PRVTBA 305.75 0.00 305.751.500101240,000.0074267GVG9 0.00
30,112,948.14105530,112,948.14 2.043LAIF 58,344.64 0.00 58,344.642.28110130,112,948.1498-33-434 0.00
240,000.001066240,000.00 2.250DISCOV 458.63 0.00 458.632.250101240,000.002546722U1 0.00
240,000.001076240,000.00 1.600STRNS 326.14 0.00 326.141.600101240,000.00857894TC3 0.00
493,050.001079500,000.00 1.550APPL 645.83 0.00 645.831.542101493,050.00037833CC2 0.00
240,000.001080240,000.00 2.400SYNCHR 489.20 0.00 489.202.400101240,000.0087164XQV1 0.00
245,000.001081245,000.00 1.800RICHMN 374.54 0.00 374.541.800101245,000.00319267GC8 0.00
240,000.001082240,000.00 2.250CAP1NA 458.63 0.00 458.632.250101240,000.0014042RGD7 0.00
240,000.001083240,000.00 2.350SALMAE 479.01 0.00 479.012.350101240,000.00795450A70 0.00
240,000.001085240,000.00 1.850CNTRL 377.10 0.00 377.101.850101240,000.0015523RBJ4 0.00
240,000.001086240,000.00 1.800BNKRS 366.90 0.00 366.901.800101240,000.0006610RAP4 0.00
240,000.001087240,000.00 1.750MERCTL 356.71 0.00 356.711.750101240,000.0058740XZL7 0.00
240,000.001088240,000.00 2.300HSBC 468.82 0.00 468.822.300101240,000.0040434YLE5 0.00
240,000.001089240,000.00 1.900OHVAL 387.29 0.00 387.291.900101240,000.00677721CN0 0.00
240,000.001093240,000.00 1.650DOUGLS 336.33 0.00 336.331.650101240,000.00259744DS6 0.00
240,000.001094240,000.00 1.750HIGHLD 356.71 0.00 356.711.750101240,000.00319141GT8 0.00
245,000.001095245,000.00 2.250ALLIAN 468.19 0.00 468.192.250101245,000.0001859BAA3 0.00
240,000.001096240,000.00 2.400AMFSB 489.20 0.00 489.202.400101240,000.0002587CFU9 0.00
500,000.001232500,000.00 2.000TOYOTA 833.33 0.00 833.331.962101500,000.0089236TGL3 0.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:45 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.161
Click HERE to return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund
Page 3
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
December 1, 2019 - December 31, 2019
Total Earnings
City of La Quinta
Annualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
499,750.001204500,000.00 1.900TOYOTA 791.67 0.00 791.671.865101499,750.0089236TCZ6 0.00
245,000.001099245,000.00 2.300MTNAMR 478.59 0.00 478.592.300101245,000.0062384RAC0 0.00
245,000.001100245,000.00 1.750JFFRSN 364.14 0.00 364.141.750101245,000.00472376AC6 0.00
245,000.001101245,000.00 2.100KANSAS 436.97 0.00 436.972.100101245,000.0050116CBE8 0.00
245,000.001102245,000.00 2.100BELMNT 436.98 0.00 436.982.100101245,000.00080515CD9 0.00
245,000.001106245,000.00 2.200CRS1ST 457.78 0.00 457.782.200101245,000.0022766ACB9 0.00
245,000.001107245,000.00 2.150ENTRPR 447.38 0.00 447.382.150101245,000.0029367QCP1 0.00
245,000.001236245,000.00 1.900MSPRIV 395.35 0.00 395.351.900101245,000.0061760A3B3 0.00
245,000.001237245,000.00 1.950MORGST 405.76 0.00 405.761.950101245,000.0061690UNX4 0.00
245,000.001110245,000.00 2.400KNOX 499.40 0.00 499.402.400101245,000.00499724AB8 0.00
245,000.001111245,000.00 2.050FREECU 426.57 0.00 426.572.050101245,000.0035638BAA9 0.00
3,300.0010593,300.00CITYPC 0.00 0.00 0.001013,300.00SYS1059 0.00
1,722,812.9711141,722,812.97CALPRS 0.00 0.00 0.001011,658,975.81SYS1114 0.00
497,700.001118500,000.00 1.850MCRSFT 770.83 0.00 770.831.824101497,700.00594918BV5 0.00
378,360.001157400,000.00 2.000MCRSFT 666.67 0.00 666.672.075101378,360.00594918BQ6 0.00
245,000.001119245,000.00 2.800ANECA 582.63 0.00 582.632.800101245,000.00034577AH9 0.00
245,000.001120245,000.00 2.550UNITY 530.61 0.00 530.612.550101245,000.0091330ABN6 0.00
245,000.001123245,000.00 2.900CITINA 603.44 0.00 603.442.900101245,000.0017312QJ26 0.00
245,000.001124245,000.00 2.7001STTCH 561.82 0.00 561.822.700101245,000.0033715LBJ8 0.00
240,000.001125240,000.00 2.950ENER 601.32 0.00 601.322.950101240,000.0029278TAY6 0.00
240,000.001126240,000.00 2.800FARMIG 570.74 0.00 570.742.800101240,000.0030960QAG2 0.00
240,000.001127240,000.00 2.700NORPNT 550.36 0.00 550.362.700101240,000.00666613GV0 0.00
240,000.001134240,000.00 3.050UOFICU 621.70 0.00 621.703.050101240,000.0091435LAG2 0.00
245,000.001226245,000.00 1.800NYCMBK 374.55 0.00 374.551.800101245,000.00649447TC3 0.00
245,000.001143245,000.00 3.100ALLGNC 645.06 0.00 645.063.100101245,000.0001748DBE5 0.00
245,000.001144245,000.00 3.150RCB 655.46 0.00 655.463.150101245,000.0074934YAH4 0.00
245,000.001145245,000.00 2.750WEX 572.23 0.00 572.232.750101245,000.0092937CHG6 0.00
245,000.001146245,000.00 2.850EAGLE 593.03 0.00 593.032.850101245,000.0027002YDV5 0.00
245,000.001147245,000.00 3.1501STNBA 655.46 0.00 655.463.150101245,000.0032110YLK9 0.00
245,000.001148245,000.00 3.000TRAD 624.25 0.00 624.253.000101245,000.0089269CBX9 0.00
245,000.001149245,000.00 3.000PCSB 624.25 0.00 624.253.000101245,000.0069324MAD7 0.00
240,000.001150240,000.00 3.100GECRUN 631.89 0.00 631.893.100101240,000.00369674AV8 0.00
249,000.001151249,000.00 3.250NWENGL 687.31 0.00 687.313.250101249,000.0006426KAN8 0.00
18,746,656.05115318,746,656.05CAMP 28,623.28 0.00 28,623.281.80010118,718,032.77SYS1153 0.00
245,000.001154245,000.00 3.350JEFF 697.08 0.00 697.083.350101245,000.00474067AQ8 0.00
248,000.001155248,000.00 3.300MARBUS 695.08 0.00 695.083.300101248,000.0057116ARV2 0.00
487,950.001159500,000.00 2.300P&G 958.33 0.00 958.332.312101487,950.00742718DY2 0.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:45 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.162
Click HERE to return to Agenda
Current
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Ending
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Ending
Fund
Page 4
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
December 1, 2019 - December 31, 2019
Total Earnings
City of La Quinta
Annualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
245,000.001160245,000.00 3.200MUNTRS 665.86 0.00 665.863.200101245,000.00625925AR3 0.00
245,000.001161245,000.00 3.350UBS 697.08 0.00 697.083.350101245,000.0090348JEJ5 0.00
248,000.001162248,000.00 3.400COMMBK 716.14 0.00 716.143.400101248,000.0020143PDV9 0.00
248,000.001164248,000.00 3.550NMRCA 747.74 0.00 747.743.550101248,000.0067054NAN3 0.00
248,000.001165248,000.00 3.000FARMBU 631.89 0.00 631.893.000101248,000.00307660LC2 0.00
248,000.001166248,000.00 3.350REDRCK 705.61 0.00 705.613.350101248,000.0075701LAB3 0.00
245,000.001167245,000.00 3.200NEIGH 665.86 0.00 665.863.200101245,000.0064017AAQ7 0.00
245,000.001168245,000.00 3.1501STSRC 655.46 0.00 655.463.150101245,000.0033646CKP8 0.00
245,000.001170245,000.00 3.400NLCOOP 707.48 0.00 707.483.400101245,000.00635573AL2 0.00
248,000.001171248,000.00 3.300MAINE 695.09 0.00 695.093.300101248,000.00560507AK1 0.00
248,000.001172248,000.00 3.350BARHAR 705.61 0.00 705.613.350101248,000.00066851WJ1 0.00
485,250.001175500,000.00 1.950COLGTE 812.50 0.00 812.501.971101485,250.0019416QEA4 0.00
0.0011830.00STIFEL 52.91 0.00 52.910.93410166,711.97SYS1183 0.00
248,000.001179248,000.00 2.8001STNBK 589.76 0.00 589.762.800101248,000.0032117BCX4 0.00
248,000.001180248,000.00 2.700VERUS 568.71 0.00 568.712.700101248,000.0092535LCD4 0.00
248,000.001181248,000.00 2.950NRTHWS 621.36 0.00 621.362.950101248,000.0066736ABP3 0.00
248,000.001184248,000.00 2.500CENTNX 526.57 0.00 526.572.500101248,000.00156634AK3 0.00
245,000.001185245,000.00 3.250JPMORG 676.27 0.00 676.273.250101245,000.0048128HXU7 0.00
245,000.001186245,000.00 2.400IOWAST 499.40 0.00 499.402.400101245,000.0046256YAZ2 0.00
248,000.001187248,000.00 2.400TSCOLA 505.51 0.00 505.512.400101248,000.0087266AAA1 0.00
248,000.001188248,000.00 2.600MAINST 547.64 0.00 547.642.600101248,000.0056065GAG3 0.00
248,000.001189248,000.00 2.500CONGRS 526.58 0.00 526.582.500101248,000.0020726ABA5 0.00
496,650.001190500,000.00 2.350WALMRT 979.16 0.00 979.162.321101496,650.00931142DU4 0.00
245,000.001194245,000.00 2.500PITTS 520.20 0.00 520.202.500101245,000.00725404AB3 0.00
245,000.001195245,000.00 2.550PLAINS 530.61 0.00 530.612.550101245,000.0072651LCL6 0.00
248,000.001196248,000.00 2.600EVNSCU 547.64 0.00 547.642.600101248,000.00299547AQ2 0.00
248,000.001197248,000.00 2.400LEGCY 505.51 0.00 505.512.400101248,000.00524661CB9 0.00
248,000.001199248,000.00 2.400CTZNST 505.52 0.00 505.522.400101248,000.00176688CP2 0.00
248,000.001200248,000.00 2.300AMERCU 484.45 0.00 484.452.300101248,000.0003065AAL7 0.00
245,000.001201245,000.00 2.150STRLNG 447.38 0.00 447.382.150101245,000.0085916VDC6 0.00
248,000.001202248,000.00 2.250COMMW 473.92 0.00 473.922.250101248,000.0020416TAQ5 0.00
247,000.001203247,000.00 2.300REVER 482.50 0.00 482.502.300101247,000.00761402BY1 0.00
248,000.001205248,000.00 2.000AMRNTL 421.26 0.00 421.262.000101248,000.0002772JBD1 0.00
248,000.001207248,000.00 1.950ABACUS 410.73 0.00 410.731.950101248,000.0000257TBD7 0.00
248,000.001208248,000.00 2.000LKSIDE 421.26 0.00 421.262.000101248,000.0051210SQU4 0.00
248,000.001209248,000.00 2.0001STSEC 421.26 0.00 421.262.000101248,000.0033625CCP2 0.00
248,000.001210248,000.00 2.000PEOPLE 421.26 0.00 421.262.000101248,000.00710571DS6 0.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:45 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.163
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Current
Rate
Ending
Par Value
Ending
Fund
Page 5
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
December 1, 2019 - December 31, 2019
Total Earnings
City of La Quinta
Annualized
YieldCUSIP Investment #
Interest
EarnedIssuer Realized
Gainl/Loss
Fund: General Fund
248,000.001211248,000.00 2.100NFNITY 442.32 0.00 442.322.100101248,000.0045667EDY1 0.00
249,000.001213249,000.00 2.000PREFRD 422.96 0.00 422.962.000101249,000.00740367HP5 0.00
248,000.001214248,000.00 2.000UNTDCU 421.26 0.00 421.262.000101248,000.00910160AH3 0.00
248,000.001215248,000.00 2.000WSHFED 421.26 0.00 421.262.000101248,000.00938828BH2 0.00
249,000.001216249,000.00 1.9501STIER 412.38 0.00 412.381.950101249,000.0033766LAJ7 0.00
244,000.001218244,000.00 1.950RAYJAM 404.10 0.00 404.101.950101244,000.0075472RAD3 0.00
245,000.001219245,000.00 1.900CITBNK 395.36 0.00 395.361.900101245,000.0012556LBA3 0.00
248,000.001220248,000.00 1.850CELTIC 389.67 0.00 389.671.850101248,000.0015118RRH2 0.00
249,000.001221249,000.00 1.8501STNBS 391.24 0.00 391.241.850101249,000.00334342CD2 0.00
248,000.001222248,000.00 1.8001STDQN 379.13 0.00 379.131.800101248,000.00336460CX6 0.00
245,000.001225245,000.00 1.600LUANA 332.93 0.00 332.931.600101245,000.00549104JN8 0.00
4,321,831.3512284,321,831.35BOTW 0.01 0.00 0.01101963,039.98059731851 0.00
248,000.001227248,000.00 1.700BNKWST 358.07 0.00 358.071.700101248,000.0006652CHB0 0.00
6,718,159.0112306,718,159.01PARS 0.00 0.00 0.001016,660,656.39SYS1230 0.00
248,000.001231248,000.00 1.7001STSER 358.07 0.00 358.071.700101248,000.0033640VDD7 0.00
248,000.001235248,000.00 1.700SAUKVL 358.07 0.00 358.071.700101248,000.00804375DL4 0.00
248,000.001238248,000.00 1.800LIVEOK 379.13 0.00 379.131.800101248,000.00538036GV0 0.00
248,000.001239248,000.00 1.900KERNCU 12.91 0.00 12.911.9001010.0049228XAK6 0.00
248,000.001240248,000.00 1.850SF FCU 12.57 0.00 12.571.8501010.0079772FAC0 0.00
129,714,882.19Subtotal 129,463,252.19 1.971 212,003.170.00192,753.17127,221,568.62 19,250.00
Fund: Fiscal Agent
8,007.6910588,007.69USBANK 7.11 0.00 7.111.0462318,000.58SYS1058 0.00
8,007.69Subtotal 8,007.69 1.046 7.110.007.118,000.58 0.00
Fund: Housing Authority : WSA and LQ
222,868.291062222,868.29LQPR 0.00 0.00 0.00241232,420.62SYS1062 0.00
222,868.29Subtotal 222,868.29 0.000.000.00232,420.62 0.00
Fund: SA Low/Mod Bond Fund
16,569,858.45111316,569,858.45 2.043LAIF 32,104.54 0.00 32,104.542.28124916,569,858.4525-33-005 0.00
16,569,858.45Subtotal 16,569,858.45 2.281 32,104.540.0032,104.5416,569,858.45 0.00
146,515,616.62Total 146,263,986.62 2.004 244,114.820.00224,864.82144,031,848.27 19,250.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 08:45 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.164
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City of La Quinta
-City of La Quinta
Maturity Report
Sorted by Maturity Date
Amounts due during October 1, 2019 - December 31, 2019
Rate
at MaturityPar Value
Sec.
TypeFund
Maturity
Date
Maturity
ProceedsInterest Income
Net
CUSIP Investment #Issuer
Purchase
Date
Book Value
at Maturity
500,000.00 1.550 503,875.003,875.0011/07/2017TOYOTA109889236TDH5MC210110/18/2019 5,125.00498,750.00
245,000.00 1.800 245,024.1724.1711/16/2017MORGST110961747MA92MC110111/18/2019 24.17245,000.00
245,000.00 1.750 245,023.4923.4911/16/2017MSPRIV110861760AEP0MC110111/18/2019 23.49245,000.00
240,000.00 1.650 240,336.33336.3307/21/20171STFRM1091320165HX4MC110111/21/2019 336.33240,000.00
2,500,000.00 1.375 2,517,187.5017,187.5003/20/2017USTR1069912828U73TRC10112/15/2019 26,437.502,490,750.00
3,751,446.49Total Maturities 3,730,000.00 21,446.493,719,500.00 31,946.49
Portfolio CITY
CP
Run Date: 02/05/2020 - 10:54 MA (PRF_MA) 7.1.1
Report Ver. 7.3.6.165
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City of La Quinta
-City of La Quinta
Sales/Call Report
Sorted by Maturity Date - Fund
October 1, 2019 - December 31, 2019
Redem. Date Redemption
Principal
Redemption
Interest
Book Value
at Redem.
Total
Amount Net IncomeFundMatur. Date
Rate at
Redem.
Par
ValueSec. TypeCUSIPInvestment #
Issuer Purchase
Date
04/28/2021
2,500,000.00 2,500,000.00 2,500,000.00 18,750.0010543134G8Y3710/28/2019 2,518,750.00 18,750.00101 FHLMC
FAC 04/28/2021
04/28/2016 1.500V
Call
Subtotal 2,500,000.00 2,500,000.00 18,750.002,500,000.00 2,518,750.00 18,750.00
03/29/2022
2,000,000.00 1,990,000.00 2,000,000.00 10,000.0010733134GBAE212/30/2019 2,010,000.00 20,000.00101 FHLMC
FAC 03/29/2022
03/29/2017 2.000
Call
Subtotal 1,990,000.00 2,000,000.00 10,000.002,000,000.00 2,010,000.00 20,000.00
4,500,000.00Total Sales 4,500,000.00 28,750.004,490,000.00 4,528,750.00 38,750.00
Portfolio CITY
CP
Run Date: 02/05/2020 - 10:57 SA (PRF_SA) 7.1.1
Report Ver. 7.3.6.1
V - Security with variable rate change.
66
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City of La Quinta
-City of La Quinta
Purchases Report
Sorted by Fund - Fund
October 1, 2019 - December 31, 2019
Original
Par Value
Ending
Book Value
Sec.
TypeFund
Maturity
YTM
Accrued Interest
at PurchasePayment Periods DateCUSIPInvestment #Issuer
Purchase
Date
Principal
Purchased
Rate at
Purchase
General Fund
500,000.00 2.000 10/07/2024 500,000.00500,000.00 Received10/23/2019 2.00004/07 - 10/07TOYOTA123289236TGL3MC2101
1,000,000.00 1.375 09/06/2022 992,100.00992,100.00 Received10/29/2019 1.65903/06 - 09/06FNMA12333135G0W33FAC101
1,000,000.00 1.600 11/01/2023 996,900.00996,900.0011/01/2019 1.68005/01 - 11/01FFCB12343133EK4X1FAC101
248,000.00 1.700 11/07/2024 248,000.00248,000.0011/07/2019 1.70212/07 - MonthlySAUKVL1235804375DL4MC1101
248,000.00 1.700 05/15/2024 248,000.00248,000.0011/15/2019 1.70112/15 - Monthly1STSER123133640VDD7MC1101
245,000.00 1.950 11/20/2024 245,000.00245,000.0011/20/2019 1.95205/20 - 11/20MORGST123761690UNX4MC1101
245,000.00 1.900 11/20/2024 245,000.00245,000.0011/20/2019 1.90205/20 - 11/20MSPRIV123661760A3B3MC1101
248,000.00 1.800 05/28/2024 248,000.00248,000.0011/27/2019 1.80201/01 - MonthlyLIVEOK1238538036GV0MC1101
1,000,000.00 1.500 11/30/2024 989,687.50989,687.50 Received12/16/2019 1.71805/31 - 11/30USTR1241912828YV6TRC101
1,000,000.00 1.700 09/17/2024 998,600.00998,600.0012/17/2019 1.73103/17 - 09/17FFCB12423133ELEA8FAC101
248,000.00 1.900 12/30/2022 248,000.00248,000.0012/30/2019 1.90201/30 - MonthlyKERNCU123949228XAK6MC1101
248,000.00 1.850 12/30/2022 248,000.00248,000.0012/30/2019 1.85201/30 - MonthlySF FCU124079772FAC0MC1101
Subtotal 6,207,287.506,207,287.50 0.006,230,000.00
6,207,287.50Total Purchases 6,230,000.00 0.00 6,207,287.50
Received = Accrued Interest at Purchase was received by report ending date.
Portfolio CITY
CP
Run Date: 02/05/2020 - 10:53 PU (PRF_PU) 7.1.1
Report Ver. 7.3.6.167
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US Treasury Rates
https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yieldYear&year=2019
Rates for the 5-year and 10-year rose slightly throughout our second quarter after steady declines in the Spring
of 2019, followed by a sudden dip in August
Rates for the 10-year treasury dipped below the 2-year in August, an inversion of the yield curve between 2’s
and 10’s not seen since June 2007
These increases in rates were mostly erased in January 2020, which will have an effect on reinvestment in our
third quarter
68
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City of La Quinta
CITY COUNCIL MEETING: February 18, 2020
STAFF REPORT
AGENDA TITLE: APPROVE DEMAND REGISTERS DATED JANUARY 24 AND 31,
2020
RECOMMENDATION
Approve demand registers dated January 24 and 31, 2020.
EXECUTIVE SUMMARY – None
FISCAL IMPACT
Demand of Cash:
City 1,134,281.69$
Successor Agency of RDA 6,300.00$
Housi ng Authority 5,681.68$
1,146,263.37$
BACKGROUND/ANALYSIS
Routine bills and payroll must be paid between Council meetings. Attachment 1
details the weekly demand registers for January 10 and 17, 2020.
Warrants Issued:
200723-200796 482,767.01$
200797-200874 211,212.53$
AP Voids (32,025.00)$
Wire Transfers 222,771.14$
Payroll Tax Transfers 45,681.34$
Payroll Direct Deposit 215,856.35$
1,146,263.37$
In the amounts listed above, two checks were voided and reissued due to
corrections for payee names. One check included a payment and refund to
Michael Baker. The refund portion should have been issued to SilverRock
Development Company. The second check was a deposit refund made out to
Monterra Holdings; however, the corporation has been dissolved. The refund was
reissued to the company’s sole officer, Robert E. Rippe.
CONSENT CALENDAR ITEM NO. 4
69
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The most significant expenditures on the demand register are:
Account Name Amount
Souths tar Construction 101,024.53$ Nov 2019 LQ Village
Engineering & Construction Complete Streets
Coachella Valley TUMF Payable 62,628.43$ Dec 2019 TUMF Fee
Assoc of Government
Vintage Various 60,104.20$ Dec 2019 - Jan 2020
Associates Parks & Retention Basins
Tree/Sod & Irrigation
PWLC II, Inc Landscape 57,254.00$ Jan 2020 General
Contract Maintenance
NAI Consulting,Various 49,745.00$ Dec 2019 Professional
Inc Engineering Services
PurposeVendor
Wire Transfers: Nine transfers totaled $222,771. Of this amount, $148,601 was
for Landmark, $44,477 for PERS, and $20,000 for the Wells Fargo credit card.
(See Attachment 2 for a full listing).
Investment Transactions: Full details of investment transactions as well as
total holdings are reported quarterly in the Treasurer’s Report.
Transaction Issuer Type Par Value
Settle
Date
Coupon
Rate
Maturity Douglas National Bank CD 240,000$ 1/21/20 1.650%
Call Fed Home Loan Mort Corp Agency 1,000,000$ 1/27/20 2.150%
Maturity Fed National Mort Assn Agency 2,000,000$ 1/27/20 1.700%
Purchase Wells Fargo Nat Bank West CD 248,000$ 1/29/20 1.900%
ALTERNATIVES
Council may approve, partially approve, or reject the demand registers.
Prepared by: Bernice Choo, Account Technician
Approved by: Rosemary Hallick, Financial Services Analyst
Attachments: 1. Demand Registers
2.Wire Transfers
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1/23/2020 7:31:41 PM Page 1 of 7
Demand Register
City of La Quinta Packet: APPKT02261 - BC 01/24/2020
AmountVendor Name Payment Number Description (Item)Account Name Account Number
Fund: 101 - GENERAL FUND
515.00Maintenance/Services01/09/20 - WC CARPET CLEANING200724ACE CARPET CLEANING 101-3008-60691
203.73Operating Supplies01/02-01/16/20 - WC JANITORIAL SUPPLIES200727AMERIPRIDE SERVICES INC 101-3002-60420
143.36PM 10 - Dust Control12/23/19-01/19/20 - PM10 ANSWERING S…200728ANSAFONE CONTACT CENTERS 101-7006-60146
450.00Telephone - Utilities12/21-12/24/19 - LOCATION DEVICE200729AT&T 101-2001-61300
150.00Membership Dues04/01/20-03/31/21 - MEMBER R AMBRIZ200731CALIFORNIA PARK & RECREAT…101-3005-60351
196.05LT Care Insurance PayLONG TERM CARE200732CALPERS LONG-TERM CARE P…101-0000-20949
196.05LT Care Insurance PayLONG TERM CARE200732CALPERS LONG-TERM CARE P…101-0000-20949
3,500.00Consultants12/31/19 - ASSESSMENT CALC & TAX ROLL200734CLEARSOURCE FINANCIAL CO…101-7002-60104
12,298.98MSHCP Mitigation Fee12/2019 - MSHCP FEES200736COACHELLA VALLEY CONSERV…101-0000-20310
-122.99CVMSHCP Admin Fee12/2019 - MSHCP FEES200736COACHELLA VALLEY CONSERV…101-0000-43631
857.69Water - Utilities1/14/20 - WATER SERVICE200737COACHELLA VALLEY WATER DI…101-2002-61200
413.85Water -Monticello Park - Utiliti…1/14/20 - WATER SERVICE200737COACHELLA VALLEY WATER DI…101-3005-61201
81.57Water -Fritz Burns Park - Utiliti…1/14/20 - WATER SERVICE200737COACHELLA VALLEY WATER DI…101-3005-61204
38.10Water -Seasons Park - Utilities1/14/20 - WATER SERVICE200737COACHELLA VALLEY WATER DI…101-3005-61208
159.29Water -Community Park - Utilit…1/14/20 - WATER SERVICE200737COACHELLA VALLEY WATER DI…101-3005-61209
110.67Water - Utilities1/14/20 - WATER SERVICE200737COACHELLA VALLEY WATER DI…101-3008-61200
269.42Water -Desert Pride - Utilities01/14/20 - WATER SERVICE200737COACHELLA VALLEY WATER DI…101-3005-61206
39.55PM 10 - Dust Control01/14/20 - WATER SERVICE200737COACHELLA VALLEY WATER DI…101-7006-60146
32.00Instructors01/06/20 - PRE EMP FINGERPRINT200739DEPARTMENT OF JUSTICE 101-3002-60107
88.05Materials/Supplies12/20/19 - MATERIALS200740DESERT ELECTRIC SUPPLY 101-3005-60431
117.67Materials/Supplies01/06/20 - MATERIALS200740DESERT ELECTRIC SUPPLY 101-3005-60431
54.18Fritz Burns Pool12/2019 FRITZ BURNS POOL OPERATIONS200741DESERT RECREATION DISTRICT 101-3005-60184
67.72Subscriptions & Publications02/2020 - CITY HALL NEWSPAPER200742DESERT SUN, THE 101-6001-60352
46.85Subscriptions & Publications02/2020 - NEWSPAPER WC200742DESERT SUN, THE 101-3002-60352
75.00Fitness Membership Reimburs…01/22/20 - REIMB FITNESS200743DORAN, CAROLINE 101-1004-50252
47.98Telephone - Utilities12/2019 - LQ PARK PHONE200747FRONTIER COMMUNICATIONS…101-3005-61300
47.48Telephone - Utilities01/2020 - LQ PARK PHONE200747FRONTIER COMMUNICATIONS…101-3005-61300
46.73Telephone - Utilities12/28/19-01/27/20 - SPORT COMPLEX PH…200747FRONTIER COMMUNICATIONS…101-3005-61300
75.00Fitness Membership Reimburs…01/13/20 - FITNESS REIMB200748FUSON, JACOB 101-1004-50252
240.35Travel & Training01/15-01/16/20 - REIMB ADV PUBLIC FUN…200751HALLICK, ROSEMARY 101-1006-60320
85.00HVAC01/02/20 - LQ PARK HVAC SVC200754HYDE'S AC 101-3008-60667
121.50Recruiting/Pre-Employment12/2019 - PRE EMPLOYMENT BACKGROU…200756IRC CORPORATION 101-1004-60129
97.85Golf Tournament01/17-01/18/20 - REIMB TABLES AMEX G…200757JOHNSTON, ALEXANDER 101-2002-60525
52.37HVAC12/19/19 - CITY HALL HVAC BELTS200758JOHNSTONE SUPPLY 101-3008-60667
75.00Fitness Membership Reimburs…01/13/20 - REIMB FITNESS200759LOPEZ, MICHELLE 101-1004-50252
288.55Janitorial08/31/19 - LQ PARK SNACK BAR200760MERCHANTS BUILDING MAINT…101-3008-60115
11,091.38Janitorial01/2020 JANITORIAL SERVICES CH WC PA…200760MERCHANTS BUILDING MAINT…101-3008-60115
288.55Janitorial11/30/19 - SPORTS COMPLEX200760MERCHANTS BUILDING MAINT…101-3008-60115
12.57LQ Police Volunteers01/13/20 - OFFICE SUPPLIES POLICE200764OFFICE DEPOT 101-2001-60109
-22.83Office Supplies01/10/20 - OFFICE SUPPLIES CODE200764OFFICE DEPOT 101-6004-60400
93.14Office Supplies01/14/20 - TONER BLACK200764OFFICE DEPOT 101-1006-60400
12.01Office Supplies01/14/20 - CALCULATOR INK200764OFFICE DEPOT 101-1006-60400
128.83Office Supplies01/15/20 - CHAIR MAT200764OFFICE DEPOT 101-1006-60400
575.28Temporary Agency Services12/27/19 - HUB TEMP SVCS E KOLTWEIT200765OFFICE TEAM 101-6006-60125
575.28Temporary Agency Services01/03/20 - HUB TEMP SVCS E KOLTWEIT200765OFFICE TEAM 101-6006-60125
35.76Postage01/04/20 - OVERNIGHT MAIL200766ONTRAC 101-1007-60470
494.80Printing01/14/20 CLQ EE BUSINESS CARDS200769PALMS TO PINES PRINTING 101-3007-60410
2,172.63Printing01/14/20 AP ENVELOPES200769PALMS TO PINES PRINTING 101-3007-60410
369.50Maintenance/Services01/09/20 - FS #32 PHOTO EYES REAR DOOR200770PATTON DOOR & GATE 101-2002-60691
1,461.00Landscape Contract01/2020 GENERAL MAINT LLMD PROJ 201…200771PWLC II, INC 101-2002-60112
2,187.82Special Enforcement/City Spec…11/02/19 - POLICE SVCS BREW IN LQ200772RIVERSIDE COUNTY SHERIFF D…101-2001-60165
162.00Garnishments PayableGARNISHMENT200773RIVERSIDE COUNTY SHERIFF'S …101-0000-20985
84.00Garnishments PayableGARNISHMENT200773RIVERSIDE COUNTY SHERIFF'S …101-0000-20985
ATTACHMENT 1
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Demand Register Packet: APPKT02261 - BC 01/24/2020
1/23/2020 7:31:41 PM Page 2 of 7
AmountVendor Name Payment Number Description (Item)Account Name Account Number
1,022.08Temporary Agency Services12/27/19 - HUB TEMP SVCS M GONZALEZ200774ROBERT HALF TECHNOLOGY 101-6006-60125
819.52Temporary Agency Services01/03/20 - HUB TEMP SVCS M GONZALEZ200774ROBERT HALF TECHNOLOGY 101-6006-60125
75.00Fitness Membership Reimburs…01/13/20 - REIMB FITNESS200775RODARTE, MOISES 101-1004-50252
1,700.00Maintenance/Services12/19/19 - FS #93 INSP & CA-OSFM COMP…200776SHASTA FIRE PROTECTION, INC.101-2002-60691
33.64Recruiting/Pre-Employment01/11/20 - INTERVIEW PACKETS200779STAPLES ADVANTAGE 101-1004-60129
60.35Office Supplies01/17/20 - OFFICE SUPPLIES200779STAPLES ADVANTAGE 101-6001-60400
165.01Citywide Conf Room Supplies1/17/20 - INK FOR T920 PLOTTER200779STAPLES ADVANTAGE 101-1007-60403
122.53Citywide Conf Room Supplies01/18/20 - CITY WIDE COFFEE200779STAPLES ADVANTAGE 101-1007-60403
47.84Office Supplies01/18/20 - OFFICE SUPPLIES200779STAPLES ADVANTAGE 101-6001-60400
1,228.00Professional Services07/01/19-06/30/20 - ANNUAL PERMIT FEE200780SWRCB 101-7002-60103
279.00Consultants01/09/20 - RANDOM DOT TESTING200781TAG/AMS INC 101-1004-60104
8,476.19Operating Supplies12/31/19 FY 1920 2-YR EXTENDED WARR…200782TECHNOGYM USA CORP 101-3002-60420
341.25Developer DepositsTRAVERTINE EIR200783TERRA NOVA PLANNING & RE…101-0000-22810
11,568.08Professional Services11/01-12/31/19 ON-CALL PLANNING SERV…200783TERRA NOVA PLANNING & RE…101-6002-60103
40.95Materials/Supplies01/13/20 - CITY HALL KEYS200785THE LOCK SHOP, INC 101-3008-60431
428.38Operating Supplies12/31/19 - BL 2021 DECALS200786THE PRINTING PLACE 101-6006-60420
10.50Cable - Utilities01/05-02/04/20 - FS #32 CABLE (1841)200787TIME WARNER CABLE 101-2002-61400
92.00United Way DeductionsCONTRIBUTION200789UNITED WAY OF THE DESERT 101-0000-20981
92.00United Way DeductionsCONTRIBUTION200789UNITED WAY OF THE DESERT 101-0000-20981
930.00Maintenance/Services12/26/19 - TREES & IRRIGATION200790VINTAGE ASSOCIATES 101-3005-60691
41,890.00Landscape Contract01/2020 PARKS MAINT200790VINTAGE ASSOCIATES 101-3005-60112
4,319.20Materials/Supplies12/31/19 - SOD & IRRIGATION200790VINTAGE ASSOCIATES 101-3005-60431
170.00Maintenance/Services01/11/20 - WC ELECTRICAL CEILING200791VINTAGE E & S INC 101-3008-60691
29.70Operating Supplies12/16/19 - GIVING TREE SNACKS200793WALMART COMMUNITY 101-3002-60420
541.76Materials/Supplies01/06/20 - MATERIALS200794WALTERS WHOLESALE ELECTR…101-3005-60431
17,290.00Contract Traffic Engineer11/30-12/23/19 ON-CALL TRAFFIC ENGIN…200795WILLDAN 101-7006-60144
Fund 101 - GENERAL FUND Total:132,654.30
Fund: 201 - GAS TAX FUND
145.77Asphalt12/18/19 - ASPHALT200778SOUTHWEST BOULDER & STO…201-7003-60430
47.95Materials/Supplies01/01/20 - DIG ALERT FEES200788UNDERGROUND SERVICE ALERT 201-7003-60431
24.08Materials/Supplies01/2020 - CA STATE FEE DIG ALERT200788UNDERGROUND SERVICE ALERT 201-7003-60431
Fund 201 - GAS TAX FUND Total:217.80
Fund: 202 - LIBRARY & MUSEUM FUND
165.00Security & Alarm01/01-03/31/20 - LUMBER YARD MONITO…200725ALARM MONITORING SERVICE…202-3006-60123
205.16Water - Utilities1/14/20 - WATER SERVICE200737COACHELLA VALLEY WATER DI…202-3006-61200
279.00HVAC01/03/20 - MUSEUM HVAC SVC200754HYDE'S AC 202-3006-60667
121.28HVAC01/07/20 - LIBRARY HVAC FILTERS200758JOHNSTONE SUPPLY 202-3004-60667
2,644.42Janitorial01/2020 JANITORIAL SERVICES LIBRARY200760MERCHANTS BUILDING MAINT…202-3004-60115
698.50Janitorial01/2020 JANITORIAL SERVICES MUSEUM200760MERCHANTS BUILDING MAINT…202-3006-60115
910.00Landscape Contract01/2020 LIBRARY MAINT200790VINTAGE ASSOCIATES 202-3004-60112
190.00Landscape Contract01/2020 MUSEUM MAINT200790VINTAGE ASSOCIATES 202-3006-60112
552.50Maintenance/Services01/11/20 - LIBRARY CAN LIGHTS (6)200791VINTAGE E & S INC 202-3004-60691
Fund 202 - LIBRARY & MUSEUM FUND Total:5,765.86
Fund: 215 - LIGHTING & LANDSCAPING FUND
1,247.36Materials/Supplies01/13/19 - MATERIALS200730C.V CACTUS NURSERY 215-7004-60431
3,061.44Water - Medians - Utilities01/14/20 - WATER SERVICE200737COACHELLA VALLEY WATER DI…215-7004-61211
43.49Materials/Supplies12/20/19 - EISENHOWER/CHIHUAHU200740DESERT ELECTRIC SUPPLY 215-7004-60431
2,917.24Materials/Supplies01/05/20 - EISENHOWER MEDIAN200740DESERT ELECTRIC SUPPLY 215-7004-60431
657.30Operating Supplies12/12/19 - OPERATING SUPPLIES200753HUB CONSTRUCTION SPECIALT…215-7004-60420
145.53Electric - Utilities01/14/20 - ELECTRICITY SERVICE200755IMPERIAL IRRIGATION DIST 215-7004-61116
25.16Electric - Medians - Utilities01/14/20 - ELECTRICITY SERVICE200755IMPERIAL IRRIGATION DIST 215-7004-61117
55,793.00Landscape Contract01/2020 GENERAL MAINT LLMD PROJ 201…200771PWLC II, INC 215-7004-60112
11,865.00Landscape Contract01/2020 LIGHTING & LANDSCAPING MAINT200790VINTAGE ASSOCIATES 215-7004-60112
1,131.00Materials/Supplies12/03/19 - EISENHOWER & CHIHUAHUA P…200792W.D. YOUNG & SONS 215-7004-60431
Fund 215 - LIGHTING & LANDSCAPING FUND Total:76,886.52
Fund: 221 - AB 939 - CALRECYCLE FUND
1,024.00AB 939 Recycling Solutions01/01-01/12/20 THE BULL 98.5 LOCAL FM…200726ALPHA MEDIA LLC 221-0000-60127
Fund 221 - AB 939 - CALRECYCLE FUND Total:1,024.00
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Demand Register Packet: APPKT02261 - BC 01/24/2020
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AmountVendor Name Payment Number Description (Item)Account Name Account Number
Fund: 224 - TUMF FUND
62,628.43TUMF Payable to CVAG12/2019 - TUMF FEE200735COACHELLA VALLEY ASSOC OF…224-0000-20320
Fund 224 - TUMF FUND Total:62,628.43
Fund: 225 - INFRASTRUCTURE FUND
87.21Consultants, Fee Study12/31/19 DEVELOPMENT IMPACT FEE ST…200763NBS 225-0000-60104
Fund 225 - INFRASTRUCTURE FUND Total:87.21
Fund: 235 - SO COAST AIR QUALITY FUND
14,847.00Machinery & Equipment12/03/19 - INSTALL CHARGING STATIONS …200738CREATIVE LIGHTING & ELECTR…235-0000-80100
12,964.00Machinery & Equipment11/22/19 - INSTALL CHARGING STATIONS …200738CREATIVE LIGHTING & ELECTR…235-0000-80100
Fund 235 - SO COAST AIR QUALITY FUND Total:27,811.00
Fund: 250 - TRANSPORTATION DIF FUND
87.21Consultants, Fee Study12/31/19 DEVELOPMENT IMPACT FEE ST…200763NBS 250-0000-60104
Fund 250 - TRANSPORTATION DIF FUND Total:87.21
Fund: 251 - PARKS & REC DIF FUND
87.21Consultants, Fee Study12/31/19 DEVELOPMENT IMPACT FEE ST…200763NBS 251-0000-60104
Fund 251 - PARKS & REC DIF FUND Total:87.21
Fund: 252 - CIVIC CENTER DIF FUND
87.32Consultants, Fee Study12/31/19 DEVELOPMENT IMPACT FEE ST…200763NBS 252-0000-60104
Fund 252 - CIVIC CENTER DIF FUND Total:87.32
Fund: 253 - LIBRARY DEVELOPMENT DIF
87.21Consultants, Fee Study12/31/19 DEVELOPMENT IMPACT FEE ST…200763NBS 253-0000-60104
Fund 253 - LIBRARY DEVELOPMENT DIF Total:87.21
Fund: 254 - COMMUNITY CENTER DIF
87.21Consultants, Fee Study12/31/19 DEVELOPMENT IMPACT FEE ST…200763NBS 254-0000-60104
Fund 254 - COMMUNITY CENTER DIF Total:87.21
Fund: 255 - STREET FACILITY DIF FUND
87.21Consultants, Fee Study12/31/19 DEVELOPMENT IMPACT FEE ST…200763NBS 255-0000-60104
Fund 255 - STREET FACILITY DIF FUND Total:87.21
Fund: 256 - PARK FACILITY DIF FUND
87.21Consultants, Fee Study12/31/19 DEVELOPMENT IMPACT FEE ST…200763NBS 256-0000-60104
Fund 256 - PARK FACILITY DIF FUND Total:87.21
Fund: 257 - FIRE PROTECTION DIF
87.21Consultants, Fee Study12/31/19 DEVELOPMENT IMPACT FEE ST…200763NBS 257-0000-60104
Fund 257 - FIRE PROTECTION DIF Total:87.21
Fund: 270 - ART IN PUBLIC PLACES FUND
100.00APP Maintenance01/22/20 - REPAIR REPLACE GLASS "GALA…200767OSBORNE, JANICE 270-0000-60683
Fund 270 - ART IN PUBLIC PLACES FUND Total:100.00
Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS
2,500.00Land Acquisition12/30/19 - CONTRACT SVCS 2011-05 ROW2007235M CONTRACTING INC.401-0000-74010
72.50Technical11/30-12/27/19 PALEONTOLOGICAL MON…200744DUDEK & ASSOCIATES INC 401-0000-60108
8,891.75Design11/24/19 WASHINGTON/WARING TRIPLE …200746ENGINEERING RESOURCES 401-0000-60185
14,112.00Design11/16/19 GHD VILLAGE COMPLETE STREE…200749GHD INC.401-0000-60185
3,303.25Design11/30/19 SRR EVENT SITE DESIGN SVCS P…200752HERMANN DESIGN GROUP INC 401-0000-60185
1,231.82Design11/2019 EISENHOWER DRAINAGE PRJ 201…200762MICHAEL BAKER INTERNATIO…401-0000-60185
101,024.53Construction11/2019 LQ VILLAGE COMPLETE STREETS …200777SOUTHSTAR ENGINEERING & …401-0000-60188
1,125.70Construction12/23/19 - EISEN BASIN FERNANDO200778SOUTHWEST BOULDER & STO…401-0000-60188
18,460.00Construction12/2019 2016-08 SILVERROCK CONSTRUCT…200796Z & K CONSULTANTS, INC.401-0000-60188
Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total:150,721.55
Fund: 501 - FACILITY & FLEET REPLACEMENT
4,663.25City Bldg Repl/Repair01/07/20 - WC REMODEL200750H&G HOME IMPROVEMENTS I…501-0000-71103
1,148.53Building Leases10/28-10/31/19 PW TRAILER RENTAL W/ …200768PACIFIC MOBILE STRUCTURES, …501-0000-71032
3,088.51Building Leases11/2019 PW TRAILER RENTAL W/ RAMPS200768PACIFIC MOBILE STRUCTURES, …501-0000-71032
3,088.51Building Leases01/2020 PW TRAILER RENTAL W/ RAMPS200768PACIFIC MOBILE STRUCTURES, …501-0000-71032
44.65Street Sweeper12/2019 - SWEEPER FUEL200784THE GAS COMPANY 501-0000-60678
Fund 501 - FACILITY & FLEET REPLACEMENT Total:12,033.45
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Demand Register Packet: APPKT02261 - BC 01/24/2020
1/23/2020 7:31:41 PM Page 4 of 7
AmountVendor Name Payment Number Description (Item)Account Name Account Number
Fund: 502 - INFORMATION TECHNOLOGY
4,589.10Copiers01/2020 CITY PRINTERS200733CANON FINANCIAL SERVICES, …502-0000-60662
2,700.00Software Licenses01/13/20 - M FACTOR LICENSE (5)200761METACOMMUNICATIONS, INC.502-0000-60301
900.00Software Licenses01/13/20 - M FACTOR USER TRAINING (3 …200761METACOMMUNICATIONS, INC.502-0000-60301
Fund 502 - INFORMATION TECHNOLOGY Total:8,189.10
Fund: 504 - INSURANCE FUND
300.00Operating Supplies01/15/20 - ERGO ASSESSMENT200745EISENHOWER MEDICAL CENTER 504-1010-60420
Fund 504 - INSURANCE FUND Total:300.00
Fund: 601 - SILVERROCK RESORT
3,650.00Repair & Maintenance12/27/19 - SRR HVAC SERVICE200754HYDE'S AC 601-0000-60660
Fund 601 - SILVERROCK RESORT Total:3,650.00
Grand Total:482,767.01
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Demand Register Packet: APPKT02261 - BC 01/24/2020
1/23/2020 7:31:41 PM Page 5 of 7
Fund Summary
Fund Expense Amount
101 - GENERAL FUND 132,654.30
201 - GAS TAX FUND 217.80
202 - LIBRARY & MUSEUM FUND 5,765.86
215 - LIGHTING & LANDSCAPING FUND 76,886.52
221 - AB 939 - CALRECYCLE FUND 1,024.00
224 - TUMF FUND 62,628.43
225 - INFRASTRUCTURE FUND 87.21
235 - SO COAST AIR QUALITY FUND 27,811.00
250 - TRANSPORTATION DIF FUND 87.21
251 - PARKS & REC DIF FUND 87.21
252 - CIVIC CENTER DIF FUND 87.32
253 - LIBRARY DEVELOPMENT DIF 87.21
254 - COMMUNITY CENTER DIF 87.21
255 - STREET FACILITY DIF FUND 87.21
256 - PARK FACILITY DIF FUND 87.21
257 - FIRE PROTECTION DIF 87.21
270 - ART IN PUBLIC PLACES FUND 100.00
401 - CAPITAL IMPROVEMENT PROGRAMS 150,721.55
501 - FACILITY & FLEET REPLACEMENT 12,033.45
502 - INFORMATION TECHNOLOGY 8,189.10
504 - INSURANCE FUND 300.00
601 - SILVERROCK RESORT 3,650.00
Grand Total:482,767.01
Account Summary
Account Number Account Name Expense Amount
101-0000-20310 MSHCP Mitigation Fee 12,298.98
101-0000-20949 LT Care Insurance Pay 392.10
101-0000-20981 United Way Deductions 184.00
101-0000-20985 Garnishments Payable 246.00
101-0000-22810 Developer Deposits 341.25
101-0000-43631 CVMSHCP Admin Fee -122.99
101-1004-50252 Fitness Membership Reim…300.00
101-1004-60104 Consultants 279.00
101-1004-60129 Recruiting/Pre-Employme…155.14
101-1006-60320 Travel & Training 240.35
101-1006-60400 Office Supplies 233.98
101-1007-60403 Citywide Conf Room Suppl…287.54
101-1007-60470 Postage 35.76
101-2001-60109 LQ Police Volunteers 12.57
101-2001-60165 Special Enforcement/City …2,187.82
101-2001-61300 Telephone - Utilities 450.00
101-2002-60112 Landscape Contract 1,461.00
101-2002-60525 Golf Tournament 97.85
101-2002-60691 Maintenance/Services 2,069.50
101-2002-61200 Water - Utilities 857.69
101-2002-61400 Cable - Utilities 10.50
101-3002-60107 Instructors 32.00
101-3002-60352 Subscriptions & Publicati…46.85
101-3002-60420 Operating Supplies 8,709.62
101-3005-60112 Landscape Contract 41,890.00
101-3005-60184 Fritz Burns Pool 54.18
101-3005-60351 Membership Dues 150.00
101-3005-60431 Materials/Supplies 5,066.68
101-3005-60691 Maintenance/Services 930.00
101-3005-61201 Water -Monticello Park - …413.85
101-3005-61204 Water -Fritz Burns Park - …81.57
101-3005-61206 Water -Desert Pride - Utili…269.42
101-3005-61208 Water -Seasons Park - Util…38.10
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Demand Register Packet: APPKT02261 - BC 01/24/2020
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Account Summary
Account Number Account Name Expense Amount
101-3005-61209 Water -Community Park -…159.29
101-3005-61300 Telephone - Utilities 142.19
101-3007-60410 Printing 2,667.43
101-3008-60115 Janitorial 11,668.48
101-3008-60431 Materials/Supplies 40.95
101-3008-60667 HVAC 137.37
101-3008-60691 Maintenance/Services 685.00
101-3008-61200 Water - Utilities 110.67
101-6001-60352 Subscriptions & Publicati…67.72
101-6001-60400 Office Supplies 108.19
101-6002-60103 Professional Services 11,568.08
101-6004-60400 Office Supplies -22.83
101-6006-60125 Temporary Agency Servic…2,992.16
101-6006-60420 Operating Supplies 428.38
101-7002-60103 Professional Services 1,228.00
101-7002-60104 Consultants 3,500.00
101-7006-60144 Contract Traffic Engineer 17,290.00
101-7006-60146 PM 10 - Dust Control 182.91
201-7003-60430 Asphalt 145.77
201-7003-60431 Materials/Supplies 72.03
202-3004-60112 Landscape Contract 910.00
202-3004-60115 Janitorial 2,644.42
202-3004-60667 HVAC 121.28
202-3004-60691 Maintenance/Services 552.50
202-3006-60112 Landscape Contract 190.00
202-3006-60115 Janitorial 698.50
202-3006-60123 Security & Alarm 165.00
202-3006-60667 HVAC 279.00
202-3006-61200 Water - Utilities 205.16
215-7004-60112 Landscape Contract 67,658.00
215-7004-60420 Operating Supplies 657.30
215-7004-60431 Materials/Supplies 5,339.09
215-7004-61116 Electric - Utilities 145.53
215-7004-61117 Electric - Medians - Utiliti…25.16
215-7004-61211 Water - Medians - Utilities 3,061.44
221-0000-60127 AB 939 Recycling Solutions 1,024.00
224-0000-20320 TUMF Payable to CVAG 62,628.43
225-0000-60104 Consultants, Fee Study 87.21
235-0000-80100 Machinery & Equipment 27,811.00
250-0000-60104 Consultants, Fee Study 87.21
251-0000-60104 Consultants, Fee Study 87.21
252-0000-60104 Consultants, Fee Study 87.32
253-0000-60104 Consultants, Fee Study 87.21
254-0000-60104 Consultants, Fee Study 87.21
255-0000-60104 Consultants, Fee Study 87.21
256-0000-60104 Consultants, Fee Study 87.21
257-0000-60104 Consultants, Fee Study 87.21
270-0000-60683 APP Maintenance 100.00
401-0000-60108 Technical 72.50
401-0000-60185 Design 27,538.82
401-0000-60188 Construction 120,610.23
401-0000-74010 Land Acquisition 2,500.00
501-0000-60678 Street Sweeper 44.65
501-0000-71032 Building Leases 7,325.55
501-0000-71103 City Bldg Repl/Repair 4,663.25
502-0000-60301 Software Licenses 3,600.00
502-0000-60662 Copiers 4,589.10
504-1010-60420 Operating Supplies 300.00
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Demand Register Packet: APPKT02261 - BC 01/24/2020
1/23/2020 7:31:41 PM Page 7 of 7
Account Summary
Account Number Account Name Expense Amount
601-0000-60660 Repair & Maintenance 3,650.00
Grand Total:482,767.01
Project Account Summary
Project Account Key Expense AmountProject Account Name
**None**291,539.47**None**
111205L 2,500.00Land Acquisition
151603CT 101,024.53LQ Village Complete Streets Const…
151603D 14,112.00LQ Village Complete Streets Desig…
151612D 1,231.82Design Expense
18-002E 341.25TRAVERTINE CORPORATION EXP
201608CT 18,460.00Construction Expense
201608D 3,303.25Design Expense
201608T 72.50Technical Expense
201701D 8,891.75Design Expense
201704CT 1,125.70Construction Expense
201804E 5,339.09Landscape & Lighting Median Isla…
201912E 27,811.00Electric Vehicle Charging Station …
BREWE 2,187.82Brew in LQ Expense
CSA152E 4,772.65CSA 152 Expenses
FBPOPSE 54.18FRITZ BURNS POOL OPERATIONS …
Grand Total:482,767.01
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1/31/2020 4:56:17 PM Page 1 of 8
Demand Register
City of La Quinta Packet: APPKT02266 - BC 01/31/2020
AmountVendor Name Payment Number Description (Item)Account Name Account Number
Fund: 101 - GENERAL FUND
203.73Operating Supplies12/20/19-01/02/20 - WC JANITORIAL SUP…200798AMERIPRIDE SERVICES INC 101-3002-60420
12.04Cash Over/Short01/23/19 - LIC-765584 REFUND OVERPY…200799AUSTIN PROPERTIES 101-0000-42300
175.00Travel & Training02/04-02/06/20 - PARK & REC ACADEMY …200803CALIFORNIA JOINT POWERS IN…101-3002-60320
175.00Travel & Training02/04-02/06/20 - PARK & REC ACADEMY …200803CALIFORNIA JOINT POWERS IN…101-3005-60320
400.00Community Experiences04/11/20 - DEPOSIT FOR BUNNY SVCS200804CARMONA, ITZELLE 101-3003-60149
1,805.90Professional Services11/01/19-1/31/20 - STVRP HOTLINE200806CENTRAL COMMUNICATIONS 101-6004-60103
960.02Water - Civic Center Park - Utili…01/24/20 - WATER SERVICE200808COACHELLA VALLEY WATER DI…101-3005-61202
1,893.67Water -Community Park - Utilit…01/24/20 - WATER SERVICE200808COACHELLA VALLEY WATER DI…101-3005-61209
132.26Water - Utilities01/24/20 - WATER SERVICE200808COACHELLA VALLEY WATER DI…101-2002-61200
67.25Water -Eisenhower Park - Utilit…01/24/20 - WATER SERVICE200808COACHELLA VALLEY WATER DI…101-3005-61203
63.37Water -Velasco Park - Utilities01/24/20 - WATER SERVICE200808COACHELLA VALLEY WATER DI…101-3005-61205
182.70Instructors01/24/20 - CARDIO & SUN STYLE TAI CHI200809COHEN, ANN MARIE 101-3002-60107
179.84Citywide Conf Room Supplies01/23/20 - CITY WIDE COFFEE200811DAIOHS FIRST CHOICE SERVICES 101-1007-60403
252.10Citywide Conf Room Supplies01/23/20 - WC COFFEE SUPPLIES200811DAIOHS FIRST CHOICE SERVICES 101-1007-60403
486.19Citywide Conf Room Supplies01/13/20 - CITY WIDE COFFEE200811DAIOHS FIRST CHOICE SERVICES 101-1007-60403
1,368.50Instructors01/24/20 - BRIDGE200812DAVID, MIRIAM 101-3002-60107
1,792.30SMIP Fees Payable10/1-12/31/19 SEISMIC HAZARD MAPPING…200814DEPARTMENT OF CONSERVAT…101-0000-20308
-89.62SMIP Fees10/1-12/31/19 SEISMIC HAZARD MAPPING…200814DEPARTMENT OF CONSERVAT…101-0000-42610
350.00Blood/Alcohol Testing01/08/20 - BLOOD ALCOHOL TESTING200815DEPARTMENT OF JUSTICE 101-2001-60174
35.00Blood/Alcohol Testing01/08/20 - BLOOD ALCOHOL TESTING200815DEPARTMENT OF JUSTICE 101-2001-60174
115.28Operating Supplies01/28/20 - 2020 CA ELECTIONS CODE BO…200817DFM ASSOC 101-1005-60420
47.54Uniforms01/02/20 - CDOE UNIFORMS200819GALLS LLC 101-6004-60690
60.69Uniforms01/03/20 - CODE UNIFORMS200819GALLS LLC 101-6004-60690
27.18LQ Police Volunteers01/03/20 - COP UNIFORMS200819GALLS LLC 101-2001-60109
149.89Uniforms01/06/20 - CODE UNIFORMS200819GALLS LLC 101-6004-60690
205.45Uniforms01/07/20 - CODE UNIFORMS200819GALLS LLC 101-6004-60690
303.50Professional Services12/2019 - ARMORED SERVICES200820GARDAWORLD 101-1006-60103
250.00Professional Services01/08/20 - RECORDS RETENTION LEGAL R…200821GLADWELL GOVERNMENTAL S…101-1005-60103
3,500.00Contract Services - Administrat…02/2020 FY 19/20 LOBBYIST SERVICES200822GONSALVES, JOE A & SON 101-1002-60101
520.96Materials/Supplies01/13/20 - CH HAND SANITIZER DISP (6) &…200823GRAINGER 101-3008-60431
328.02Materials/Supplies01/14/20 - LQ PARK SOAP DISP (6)200823GRAINGER 101-3008-60431
685.00Maintenance/Services01/22/20 - WC REMOVE MAT'LS200824H&G HOME IMPROVEMENTS I…101-3008-60691
54.11Small Tools & Equipment12/16/19 - TOOLS200826HOME DEPOT CREDIT SERVICES 101-2002-60545
-54.11Small Tools & Equipment12/16/19 - TOOLS CREDIT200826HOME DEPOT CREDIT SERVICES 101-2002-60545
39.06Materials/Supplies11/29/19 - LIGHTS200826HOME DEPOT CREDIT SERVICES 101-3005-60431
27.15Materials/Supplies12/23/19 - TRASH CAN200826HOME DEPOT CREDIT SERVICES 101-3005-60431
193.32Tools/Equipment11/29/19 - LADDERS (2)200826HOME DEPOT CREDIT SERVICES 101-3005-60432
32.93Materials/Supplies12/19/19 - CITY HALL MAT'LS200826HOME DEPOT CREDIT SERVICES 101-3008-60431
23.36Materials/Supplies12/17/19 - CITY HALL MAT'LS200826HOME DEPOT CREDIT SERVICES 101-3008-60431
22.20Materials/Supplies12/20/19 - TRUCK SUPPLIES200826HOME DEPOT CREDIT SERVICES 101-3008-60431
70.82Materials/Supplies12/16/19 - WC MAT'LS200826HOME DEPOT CREDIT SERVICES 101-3008-60431
26.93Materials/Supplies12/12/19 - CITY HALL MAT'LS200826HOME DEPOT CREDIT SERVICES 101-3008-60431
405.69Materials/Supplies12/11/19 - CH BOTTLELESS WATER COOLER200826HOME DEPOT CREDIT SERVICES 101-3008-60431
81.54Materials/Supplies12/09/19 - PW YARD MICROWAVE200826HOME DEPOT CREDIT SERVICES 101-3008-60431
380.61Materials/Supplies12/11/19 - CH BOTTLELESS WATER COOLER200826HOME DEPOT CREDIT SERVICES 101-3008-60431
55.33Materials/Supplies12/05/19 - CITY HALL MAT'LS200826HOME DEPOT CREDIT SERVICES 101-3008-60431
57.86Materials/Supplies12/05/19 - CITY HALL MAT'LS200826HOME DEPOT CREDIT SERVICES 101-3008-60431
313.59Materials/Supplies11/29/19 - HOLIDAY LIGHTS PARK200826HOME DEPOT CREDIT SERVICES 101-3008-60431
152.26Materials/Supplies12/06/19 - CH ELECTRONIC BUG ZAPPER200826HOME DEPOT CREDIT SERVICES 101-3008-60431
13.01Materials/Supplies12/12/19 - CITY HALL MAT'LS200826HOME DEPOT CREDIT SERVICES 101-3008-60431
65.22Tools/Equipment12/17/19 - FLEX BIT AUGER200826HOME DEPOT CREDIT SERVICES 101-3008-60432
-216.41Tools/Equipment12/26/19 - TOOLS200826HOME DEPOT CREDIT SERVICES 101-3008-60432
118.32Supplies - Field12/10/19 - CODE SUPPLIES200826HOME DEPOT CREDIT SERVICES 101-6004-60425
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AmountVendor Name Payment Number Description (Item)Account Name Account Number
-54.11Supplies - Field12/16/19 - CODE SUPPLIES CREDIT200826HOME DEPOT CREDIT SERVICES 101-6004-60425
119.52Operating Supplies12/09/19 - STORAGE CONT BANNERS200826HOME DEPOT CREDIT SERVICES 101-7003-60420
5.33Cash Over/Short02/12/19 - LIC-766695 REFUND OVERPY…200828HOME TIME LLC 101-0000-42300
110.00Membership Dues12/12/19 - MEMBERSHIP TO 03/31/21 T F…200829IIMC 101-1005-60351
210.00Membership Dues12/12/19 - MEMBERSHIP TO 03/31/21 M …200829IIMC 101-1005-60351
100.00Membership Dues01/02/20 - RIVCO DIV MEMBERSHIP200832LEAGUE OF CALIFORNIA CITIES 101-1002-60351
6.00Cash Over/Short03/08/18 - LIC-765632 REFUND OVERPYM…200833LUNA, FERNANDO M AND HEA…101-0000-42300
67.20Instructors01/24/20 - TAI CHI CHUAN200834MEDEIROS, JOYCELEEN 101-3002-60107
28.00Instructors01/24/20 - CARDIO & STRENGTH200836MILLER, TOBRUK S 101-3002-60107
4,065.00Consultants12/2019 MISCELLANEOUS DUTIES200837NAI CONSULTING INC 101-7006-60104
78.63Mobile/Cell Phones/Satellites12/2019 - SATELLITE PHONES200839NI GOVERNMENT SERVICES INC 101-2002-61304
20.61Office Supplies12/17/19 - OFFICE SUPPLIES200841OFFICE DEPOT 101-1005-60400
123.39Office Supplies12/20/19 - OFFICE SUPPLIES200841OFFICE DEPOT 101-1005-60400
7.82Office Supplies01/08/20 - OFFICE SUPPLIES200841OFFICE DEPOT 101-1005-60400
50.92Office Supplies01/08/20 - OFFICE SUPPLIES200841OFFICE DEPOT 101-1005-60400
14.13LQ Police Volunteers01/14/20 - POLICE COP GPS COVER200841OFFICE DEPOT 101-2001-60109
34.40Office Supplies01/14/20 - OFFICE SUPPLIES CODE200841OFFICE DEPOT 101-6004-60400
22.83Office Supplies01/17/20 - OFFICE SUPPLIES CODE200841OFFICE DEPOT 101-6004-60400
1,490.00HVAC12/31/19 CH MECHANICAL LABOR200842PACIFIC WEST AIR CONDITION…101-3008-60667
745.00HVAC12/31/19 CH MECHANICAL LABOR200842PACIFIC WEST AIR CONDITION…101-3008-60667
934.23HVAC12/31/19 CH MECHANICAL LABOR/MATER…200842PACIFIC WEST AIR CONDITION…101-3008-60667
314.21Community Experiences01/27/20 DYO SHIRTS200843PALMS TO PINES PRINTING 101-3003-60149
982.63Community Experiences02/07/20 -TOAST TO LQ RENTALS200844PARTY TIME RENTALS 101-3003-60149
623.93Operating Supplies11/24-12/24/20 COPS FUEL200849RIVERSIDE COUNTY SHERIFF D…101-2001-60420
176.48Mobile/Cell Phones/Satellites01/23-02/22/20 - EOC SATELLITE PHONES200850ROADPOST USA INC.101-2002-61304
315.00Instructors01/24/20 TAEKWANDO200851ROJAS, MIGUEL ANGEL 101-3002-60107
122.50Instructors01/24/20-BALLROOM200854SHIRY, TERESA 101-3002-60107
3.91Cash Over/Short03/05/19 - LIC-764974 REFUND OVERPY…200855SHORTSALEPROPERTIESNOW.…101-0000-42300
1,745.00Public Works Dev. Plan Check …12/22/19 - PG2019-0020 REF MISCALC PL…200856SILVERROCK DEVELOPMENT C…101-0000-42810
1,350.00Civic Center Lake Maintenance11/2019 CC CAMPUS LAKE MAINT200858SOUTHWEST AQUATICS INC 101-3005-60117
1,350.00Civic Center Lake Maintenance01/2020 CC CAMPUS LAKE MAINT200858SOUTHWEST AQUATICS INC 101-3005-60117
101.52Safety Gear01/31/20 - REIMB WORK BOOTS200860ST SAUVER, LEONARD 101-7006-60427
95.69Office Supplies01/10/20 TONER INK200862STAPLES ADVANTAGE 101-1004-60400
900.00Community Experiences2/7/20 TOAST LQ JAZZ BAND200863SVEEN, KRISTOPHER E.101-3003-60149
81.70Cable - Utilities01/16-02/15/20 FS32 CABLE200865TIME WARNER CABLE 101-2002-61400
41.69Cable - Utilities01/16-02/15/20 FS 70 CABLE (1860)200865TIME WARNER CABLE 101-2002-61400
28.00Instructors01/24/20 YOGA200867TRUE, ARTHUR ALLEN 101-3002-60107
61.00Pest Control12/09/19 LQ PARK PEST CONTROL200868TRULY NOLEN INC 101-3008-60116
78.00Pest Control12/06/19 CH PEST CONTROL200868TRULY NOLEN INC 101-3008-60116
47.00Pest Control12/9/19 PW BLDG PEST CONTROL200868TRULY NOLEN INC 101-3008-60116
61.00Pest Control01/03/20 LQ PARK PEST CONTROL200868TRULY NOLEN INC 101-3008-60116
100.00Pest Control1/6/20 SPORTS COMPLEX PEST CONTROL200868TRULY NOLEN INC 101-3008-60116
300.00Pest Control12/17/19 CH RODENT MONTHLY200868TRULY NOLEN INC 101-3008-60116
434.98Instructors01/24/20 YOGA200872VIELHARBER, KAREN 101-3002-60107
122.54Community Engagement01/11/20 COMMUNITY WORKSHOP PRES…200874XPRESS GRAPHICS 101-1006-60137
155.70Community Engagement01/11/20 COMMUNITY WORKSHOP PRES…200874XPRESS GRAPHICS 101-1006-60137
155.70Community Engagement01/11/20 COMMUNITY WORKSHOP PRES…200874XPRESS GRAPHICS 101-1006-60137
200.40Community Engagement01/11/20 COMMUNITY WORKSHOP PRES…200874XPRESS GRAPHICS 101-1006-60137
Fund 101 - GENERAL FUND Total:36,629.03
Fund: 201 - GAS TAX FUND
230.69Asphalt01/02/20 - ASPHALT200802CALIFORNIA COMMERCIAL AS…201-7003-60430
14.14Safety Gear12/04/19 - RAINSUIT200826HOME DEPOT CREDIT SERVICES 201-7003-60427
30.41Traffic Control Signs12/04/19 - BATTERIES BARRICADES200826HOME DEPOT CREDIT SERVICES 201-7003-60429
192.59Traffic Control Signs12/11/19 - TRAFFIC CONTROL MAINT200826HOME DEPOT CREDIT SERVICES 201-7003-60429
66.35Materials/Supplies12/04/19 - MAINT OPS200826HOME DEPOT CREDIT SERVICES 201-7003-60431
70.47Traffic Control Signs01/10/20 TRAFFIC CONTROL SIGNS200866TOPS' N BARRICADES INC 201-7003-60429
Fund 201 - GAS TAX FUND Total:604.65
Fund: 202 - LIBRARY & MUSEUM FUND
383.07Maintenance/Services01/16/20 - LIBRARY CEILING TILES200824H&G HOME IMPROVEMENTS I…202-3004-60691
168.23Maintenance/Services12/05/19 - MUSEUM MAT'LS200826HOME DEPOT CREDIT SERVICES 202-3006-60691
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AmountVendor Name Payment Number Description (Item)Account Name Account Number
278.26Maintenance/Services12/11/19 - MUSEUM BOTTLELESS WATER …200826HOME DEPOT CREDIT SERVICES 202-3006-60691
86.26Maintenance/Services12/26/19 - MUSEUM MAT'LS200826HOME DEPOT CREDIT SERVICES 202-3006-60691
199.50Maintenance/Services12/06/19 - MUSEUM MAT'LS200826HOME DEPOT CREDIT SERVICES 202-3006-60691
74.00Pest Control12/6/19 LIBRARY PEST CONTROL200868TRULY NOLEN INC 202-3004-60116
49.00Pest Control12/6/19 MUSEUM PEST CONTROL200868TRULY NOLEN INC 202-3006-60116
Fund 202 - LIBRARY & MUSEUM FUND Total:1,238.32
Fund: 215 - LIGHTING & LANDSCAPING FUND
1,305.55Materials/Supplies01/21/19 - MATERIALS200801C.V CACTUS NURSERY 215-7004-60431
4,613.93Water - Medians - Utilities01/24/20 - WATER SERVICE200808COACHELLA VALLEY WATER DI…215-7004-61211
801.00Maintenance/Services09/25/19 - EISENHOWER MEDIAN200810CREATIVE LIGHTING & ELECTR…215-7004-60691
801.00Maintenance/Services10/30/19 - EISENHOWER MEDIAN200810CREATIVE LIGHTING & ELECTR…215-7004-60691
445.00Maintenance/Services01/20/20 - EISENHOWER MEDIAN200810CREATIVE LIGHTING & ELECTR…215-7004-60691
113.71Electric - Utilities01/07-02/06/20 - PHONE SERVICE200818FRONTIER COMMUNICATIONS…215-7004-61116
49.96Electric - Utilities01/10-02/09/20 - PHONE SERVICE200818FRONTIER COMMUNICATIONS…215-7004-61116
506.14Materials/Supplies01/22/20 - COLIMA MEDIAN200825HIGH TECH IRRIGATION INC 215-7004-60431
175.98Operating Supplies12/09/19 - OPER SUPPLIES200826HOME DEPOT CREDIT SERVICES 215-7004-60420
27.85Supplies-Graffiti and Vandalism12/06/19 - GRAFFITI200826HOME DEPOT CREDIT SERVICES 215-7004-60423
279.57Supplies-Graffiti and Vandalism12/12/19 - GRAFFITI200826HOME DEPOT CREDIT SERVICES 215-7004-60423
101.53Materials/Supplies12/17/19 - MATERIALS200826HOME DEPOT CREDIT SERVICES 215-7004-60431
40.66Materials/Supplies12/04/19 - ELECTRICAL MAT'LS YARD200826HOME DEPOT CREDIT SERVICES 215-7004-60431
116.25Materials/Supplies12/19/19 - MATERIALS200826HOME DEPOT CREDIT SERVICES 215-7004-60431
17.73Materials/Supplies12/06/19 - EISENHOWER MEDIAN200826HOME DEPOT CREDIT SERVICES 215-7004-60431
82.61Tools/Equipment12/03/19 - MANURE FORK200826HOME DEPOT CREDIT SERVICES 215-7004-60432
429.94Electric - Utilities01/24/20 - ELECTRICITY SERVICE200830IMPERIAL IRRIGATION DIST 215-7004-61116
25.85Electric - Medians - Utilities01/24/20 - ELECTRICITY SERVICE200830IMPERIAL IRRIGATION DIST 215-7004-61117
538.00Maintenance/Services01/14/20 MAINTENANCE SERVICES200846PWLC II, INC 215-7004-60691
286.45Materials/Supplies01/06/20 MATERIALS200857SMITH PIPE & SUPPLY CO 215-7004-60431
3,538.22Materials/Supplies01/10/20 MONTERREY MEDIUM MATERIA…200857SMITH PIPE & SUPPLY CO 215-7004-60431
529.91Materials/Supplies01/13/20 MONTEREY/BENJAMIN MATERI…200857SMITH PIPE & SUPPLY CO 215-7004-60431
180.79Materials/Supplies01/31/20 MONTERREY MEDIUMS MATERI…200857SMITH PIPE & SUPPLY CO 215-7004-60431
482.59Materials/Supplies01/10/20 BOULDERS200859SOUTHWEST BOULDER & STO…215-7004-60431
712.23Materials/Supplies01/21/20 DG MATERIAL200859SOUTHWEST BOULDER & STO…215-7004-60431
295.16Supplies-Graffiti and Vandalism01/09/20 PAINT/GRAFFITI200864THE SHERWIN-WILLIAMS CO.215-7004-60423
-128.27Supplies-Graffiti and Vandalism01/09/20 PAINT/GRAFFITI200864THE SHERWIN-WILLIAMS CO.215-7004-60423
167.58Supplies-Graffiti and Vandalism01/10/20 PAINT/GRAFFITI200864THE SHERWIN-WILLIAMS CO.215-7004-60423
Fund 215 - LIGHTING & LANDSCAPING FUND Total:16,536.92
Fund: 221 - AB 939 - CALRECYCLE FUND
1,626.52AB 939 Recycling Solutions01/01-01/26/20 106.9 THE EAGLE RECYCLE200797ALPHA MEDIA LLC 221-0000-60127
Fund 221 - AB 939 - CALRECYCLE FUND Total:1,626.52
Fund: 235 - SO COAST AIR QUALITY FUND
287.80Electricity - Utilities01/24/20 - ELECTRICITY SERVICE200830IMPERIAL IRRIGATION DIST 235-0000-61101
Fund 235 - SO COAST AIR QUALITY FUND Total:287.80
Fund: 237 - SUCCESSOR AGCY PA 1 ADMIN
1,650.00Consultants12/1/19-11/30/20 2013 BOND SER. A ADM…200870US BANK 237-9001-60104
1,650.00Consultants12/1/19-11/30/20 2013 BOND SER. B ADM…200870US BANK 237-9001-60104
3,000.00Consultants12/1/19-11/30/20 2016 BOND TRUSTEE F…200870US BANK 237-9001-60104
Fund 237 - SUCCESSOR AGCY PA 1 ADMIN Total:6,300.00
Fund: 401 - CAPITAL IMPROVEMENT PROGRAMS
31.16Construction12/10/19 - EISEN BASIN FERNANDO200826HOME DEPOT CREDIT SERVICES 401-0000-60188
25.70Construction12/09/19 - EISEN BASIN FERNANDO200826HOME DEPOT CREDIT SERVICES 401-0000-60188
1,200.00Design09/2019 - SRR PHASE II INFRASTRUCTURE200835MICHAEL BAKER INTERNATIO…401-0000-60185
620.00Professional Services12/2019 FRITZ BURNS POOL HEATER200837NAI CONSULTING INC 401-0000-60103
330.00Professional Services12/2019 CALLE TAMPICO DRAINAGE IMP…200837NAI CONSULTING INC 401-0000-60103
630.00Professional Services12/2019 JEFFERSON STREET AT AVENUE 5…200837NAI CONSULTING INC 401-0000-60103
620.00Professional Services12/2019 FY 1920 PAVEMENT MANAGEM…200837NAI CONSULTING INC 401-0000-60103
207.50Professional Services12/2019 EISENHOWER RETENTION BASIN …200837NAI CONSULTING INC 401-0000-60103
3,655.00Professional Services12/2019 VILLAGE COMPLETE STREETS200837NAI CONSULTING INC 401-0000-60103
165.00Professional Services12/2019 RETENTION BASIN (DPLM AT W…200837NAI CONSULTING INC 401-0000-60103
165.00Professional Services12/2019 FIRE STATION 70 REVITALIZATION200837NAI CONSULTING INC 401-0000-60103
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AmountVendor Name Payment Number Description (Item)Account Name Account Number
165.00Professional Services12/2019 WASHINGTON DRAINAGE IMPR…200837NAI CONSULTING INC 401-0000-60103
3,317.50Professional Services12/2019 SILVERROCK RESORT INFRASTRU…200837NAI CONSULTING INC 401-0000-60103
1,715.00Professional Services12/2019 SILVERROCK PARK VENUE SITE200837NAI CONSULTING INC 401-0000-60103
1,085.00Professional Services12/2019 CALLE TECATE PARKING LOT200837NAI CONSULTING INC 401-0000-60103
1,240.00Professional Services12/2019 AVENIDA BERMUDAS ADA IMPR…200837NAI CONSULTING INC 401-0000-60103
507.50Professional Services12/2019 COVE PUBLIC RESTROOM200837NAI CONSULTING INC 401-0000-60103
465.00Professional Services12/2019 HIGHWAY 111 SIGNS200837NAI CONSULTING INC 401-0000-60103
1,837.50Professional Services12/2019 CORPORATE YARD200837NAI CONSULTING INC 401-0000-60103
660.00Professional Services12/2019 AVE 50 BRIDGE SPANNING EVAC …200837NAI CONSULTING INC 401-0000-60103
155.00Professional Services12/2019 NORTH LA QUINTA PARKWAY TU…200837NAI CONSULTING INC 401-0000-60103
1,922.50Professional Services12/2019 WASHINGTON ST AT FRED WARI…200837NAI CONSULTING INC 401-0000-60103
1,437.50Professional Services12/2019 EISENHOWER DRAINAGE IMPRO…200837NAI CONSULTING INC 401-0000-60103
1,957.50Professional Services12/2019 DUNE PALMS ROAD STREET IMP…200837NAI CONSULTING INC 401-0000-60103
465.00Professional Services12/2019 REGIONAL SKATE AND BMX PARK200837NAI CONSULTING INC 401-0000-60103
9,020.00Professional Services12/2019 CITYWIDE MISC ADA200837NAI CONSULTING INC 401-0000-60103
942.50Professional Services12/2019 HSIP TRAFFIC SIGNAL INTERCON…200837NAI CONSULTING INC 401-0000-60103
8,395.00Professional Services12/2019 DUNE PALMS BRIDGE IMPROVE…200837NAI CONSULTING INC 401-0000-60103
1,366.25Technical10/27-11/23/19 2011-05 SURVEY SVCS200840NV5 401-0000-60108
1,366.25Technical10/27-11/23/19 X PARK & RETENTION BAS…200840NV5 401-0000-60108
9,712.50Technical10/27-11/23/19 SRR PARK VENUE CONST …200840NV5 401-0000-60108
160.59Construction01/13/20 2019-01 & 2019-13 CONST. SET …200845PLANIT REPROGRAPHICS SYST…401-0000-60188
320.26Construction1/14/20 2018-01 & 2019-13 CONST. SET P…200845PLANIT REPROGRAPHICS SYST…401-0000-60188
10,800.00Construction12/31/19 BLACKHAWK CROSS WALK200861ST. FRANCIS ELECTRIC, LLC 401-0000-60188
3,750.50Construction11/22-12/31/19 LQ LANDSCAPE IMPR - HI…200869URBAN HABITAT 401-0000-60188
Fund 401 - CAPITAL IMPROVEMENT PROGRAMS Total:70,413.21
Fund: 501 - FACILITY & FLEET REPLACEMENT
6,986.67City Bldg Repl/Repair01/28/20 WELLNESS CENTER REMODEL200800AVTECH 501-0000-71103
2,472.00City Bldg Repl/Repair01/22/20 - CITY HALL ROOFING200824H&G HOME IMPROVEMENTS I…501-0000-71103
2,150.00City Bldg Repl/Repair01/15/20 - WELLNESS CENTER REMODEL200831JR HOME IMPROVEMENTS INC.501-0000-71103
517.00Vehicle Repair & Maintenance01/03-01/04/20 R.A.N. AUTO WASH200847RAN AUTO DETAIL 501-0000-60676
565.00Vehicle Repair & Maintenance01/17-01/18/20 R.A.N. AUTO WASH200847RAN AUTO DETAIL 501-0000-60676
278.80Vehicle Repair & Maintenance01/10/20-310HL BACKHOE HYDRAULIC IN…200848RDO EQUIPMENT CO 501-0000-60676
350.50Vehicle Repair & Maintenance01/13/20-TX 4X2 TURF GATOR PREV.MAI…200848RDO EQUIPMENT CO 501-0000-60676
23,702.50Machinery & Equipment01/23/20 YMCA GENERATOR BALANCE200873VINTAGE E & S INC 501-0000-80100
Fund 501 - FACILITY & FLEET REPLACEMENT Total:37,022.47
Fund: 502 - INFORMATION TECHNOLOGY
9,452.26Machinery & Equipment01/16/20 OLDER UNIT REPLACEMENTS200805CDW GOVERNMENT INC 502-0000-80100
2,473.79Machinery & Equipment12/22/19 - LAPTOP C FLORES200813DELL MARKETING LP 502-0000-80100
2,473.79Machinery & Equipment12/22/19 LAPTOP B MCKINNEY200813DELL MARKETING LP 502-0000-80100
12,980.49Machinery & Equipment01/20/20 REPLACE DESKTOPS CODE (4)200813DELL MARKETING LP 502-0000-80100
300.00Consultants01/21/20 - COUNCIL MTG VIDEO200816DESERT C.A.M INC 502-0000-60104
105.01Cable - Utilities01/10-02/09/20 - CITY HALL INTERNET200818FRONTIER COMMUNICATIONS…502-0000-61400
223.76Cable - Utilities01/04-02/03/20 - DSL SERVICE200818FRONTIER COMMUNICATIONS…502-0000-61400
6,580.53Consultants07/31/19 LAND MANAGEMENT SYSTEMS (…200853SDI PRESENCE LLC 502-0000-60104
2,079.00Cable - Utilities01/10-02/09/20 CITY HALL FIBER (2546)200865TIME WARNER CABLE 502-0000-61400
76.88Cable - Utilities01/12-02/11/20 CITY YARD CABLE (4080)200865TIME WARNER CABLE 502-0000-61400
Fund 502 - INFORMATION TECHNOLOGY Total:36,745.51
Fund: 504 - INSURANCE FUND
-377,929.00Property Insurance12/17/19 - LIAB INS 19/20 MOVE TO 504-…200803CALIFORNIA JOINT POWERS IN…504-1010-60443
377,929.00Liability Insurance12/17/19 - LIAB INS 19/20 MOVE FROM 5…200803CALIFORNIA JOINT POWERS IN…504-1010-60441
-211,083.00Liability Insurance12/17/19 - WKMNS COMP 19/20 MOVE T…200803CALIFORNIA JOINT POWERS IN…504-1010-60441
211,083.00Workers Comp Premium12/17/19 - WKMNS COMP 19/20 MOVE FR…200803CALIFORNIA JOINT POWERS IN…504-1010-60452
54.28Travel & Training01/20-01/23/20 - REIMB RISK MGMT ACA…200807CHAUDHRY, ELIZABETH 504-1010-60320
3,208.00Crime Insurance11/26/19 - CRIME POLICY RENEWAL200838NFP PROPERTY & CASUALTY S…504-1010-60446
232.94Travel & Training01/20-01/23/20 - REIMB RISK MGMT ACA…200852SCOTT, ANGELA 504-1010-60320
185.96Operating Supplies01/15/20 EROGONOMIC MATS200871VARI SALES CORPORATION 504-1010-60420
Fund 504 - INSURANCE FUND Total:3,681.18
Fund: 601 - SILVERROCK RESORT
10.00Bank Fees12/2019 - SRR ARMORED SERVICES200820GARDAWORLD 601-0000-60455
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AmountVendor Name Payment Number Description (Item)Account Name Account Number
116.92Bank Fees12/2019 - SRR ARMORED SERVICES200820GARDAWORLD 601-0000-60455
Fund 601 - SILVERROCK RESORT Total:126.92
Grand Total:211,212.53
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Fund Summary
Fund Expense Amount
101 - GENERAL FUND 36,629.03
201 - GAS TAX FUND 604.65
202 - LIBRARY & MUSEUM FUND 1,238.32
215 - LIGHTING & LANDSCAPING FUND 16,536.92
221 - AB 939 - CALRECYCLE FUND 1,626.52
235 - SO COAST AIR QUALITY FUND 287.80
237 - SUCCESSOR AGCY PA 1 ADMIN 6,300.00
401 - CAPITAL IMPROVEMENT PROGRAMS 70,413.21
501 - FACILITY & FLEET REPLACEMENT 37,022.47
502 - INFORMATION TECHNOLOGY 36,745.51
504 - INSURANCE FUND 3,681.18
601 - SILVERROCK RESORT 126.92
Grand Total:211,212.53
Account Summary
Account Number Account Name Expense Amount
101-0000-20308 SMIP Fees Payable 1,792.30
101-0000-42300 Cash Over/Short 27.28
101-0000-42610 SMIP Fees -89.62
101-0000-42810 Public Works Dev. Plan Ch…1,745.00
101-1002-60101 Contract Services - Admini…3,500.00
101-1002-60351 Membership Dues 100.00
101-1004-60400 Office Supplies 95.69
101-1005-60103 Professional Services 250.00
101-1005-60351 Membership Dues 320.00
101-1005-60400 Office Supplies 202.74
101-1005-60420 Operating Supplies 115.28
101-1006-60103 Professional Services 303.50
101-1006-60137 Community Engagement 634.34
101-1007-60403 Citywide Conf Room Suppl…918.13
101-2001-60109 LQ Police Volunteers 41.31
101-2001-60174 Blood/Alcohol Testing 385.00
101-2001-60420 Operating Supplies 623.93
101-2002-60545 Small Tools & Equipment 0.00
101-2002-61200 Water - Utilities 132.26
101-2002-61304 Mobile/Cell Phones/Satell…255.11
101-2002-61400 Cable - Utilities 123.39
101-3002-60107 Instructors 2,546.88
101-3002-60320 Travel & Training 175.00
101-3002-60420 Operating Supplies 203.73
101-3003-60149 Community Experiences 2,596.84
101-3005-60117 Civic Center Lake Mainten…2,700.00
101-3005-60320 Travel & Training 175.00
101-3005-60431 Materials/Supplies 66.21
101-3005-60432 Tools/Equipment 193.32
101-3005-61202 Water - Civic Center Park -…960.02
101-3005-61203 Water -Eisenhower Park -…67.25
101-3005-61205 Water -Velasco Park - Utili…63.37
101-3005-61209 Water -Community Park -…1,893.67
101-3008-60116 Pest Control 647.00
101-3008-60431 Materials/Supplies 2,485.11
101-3008-60432 Tools/Equipment -151.19
101-3008-60667 HVAC 3,169.23
101-3008-60691 Maintenance/Services 685.00
101-6004-60103 Professional Services 1,805.90
101-6004-60400 Office Supplies 57.23
101-6004-60425 Supplies - Field 64.21
101-6004-60690 Uniforms 463.57
101-7003-60420 Operating Supplies 119.52
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Demand Register Packet: APPKT02266 - BC 01/31/2020
1/31/2020 4:56:17 PM Page 7 of 8
Account Summary
Account Number Account Name Expense Amount
101-7006-60104 Consultants 4,065.00
101-7006-60427 Safety Gear 101.52
201-7003-60427 Safety Gear 14.14
201-7003-60429 Traffic Control Signs 293.47
201-7003-60430 Asphalt 230.69
201-7003-60431 Materials/Supplies 66.35
202-3004-60116 Pest Control 74.00
202-3004-60691 Maintenance/Services 383.07
202-3006-60116 Pest Control 49.00
202-3006-60691 Maintenance/Services 732.25
215-7004-60420 Operating Supplies 175.98
215-7004-60423 Supplies-Graffiti and Van…641.89
215-7004-60431 Materials/Supplies 7,818.05
215-7004-60432 Tools/Equipment 82.61
215-7004-60691 Maintenance/Services 2,585.00
215-7004-61116 Electric - Utilities 593.61
215-7004-61117 Electric - Medians - Utiliti…25.85
215-7004-61211 Water - Medians - Utilities 4,613.93
221-0000-60127 AB 939 Recycling Solutions 1,626.52
235-0000-61101 Electricity - Utilities 287.80
237-9001-60104 Consultants 6,300.00
401-0000-60103 Professional Services 41,680.00
401-0000-60108 Technical 12,445.00
401-0000-60185 Design 1,200.00
401-0000-60188 Construction 15,088.21
501-0000-60676 Vehicle Repair & Mainte…1,711.30
501-0000-71103 City Bldg Repl/Repair 11,608.67
501-0000-80100 Machinery & Equipment 23,702.50
502-0000-60104 Consultants 6,880.53
502-0000-61400 Cable - Utilities 2,484.65
502-0000-80100 Machinery & Equipment 27,380.33
504-1010-60320 Travel & Training 287.22
504-1010-60420 Operating Supplies 185.96
504-1010-60441 Liability Insurance 166,846.00
504-1010-60443 Property Insurance -377,929.00
504-1010-60446 Crime Insurance 3,208.00
504-1010-60452 Workers Comp Premium 211,083.00
601-0000-60455 Bank Fees 126.92
Grand Total:211,212.53
Project Account Summary
Project Account Key Expense AmountProject Account Name
**None**133,131.24**None**
091004P 1,957.50Dune Palms Road St Imp Professi…
111205P 8,395.00Professional Expense
141513P 3,317.50Professional Expense
151603P 3,655.00LQ Village Complete Streets Profe…
151609P 465.00La Quinta X Park Professional Exp…
151609T 1,366.25La Quinta X Park Technical Expense
151612P 2,097.50Professional Expense
151612T 1,366.25Technical Expense
1920PMPP 620.00Professional Expense
1920TMICT 10,800.00Construction Expense
201602P 942.50Professional Expense
201603CT 3,750.50Construction Expense
201603P 155.00Professional Expense
201608D 1,200.00Design Expense
201608P 1,715.00Professional Expense
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Demand Register Packet: APPKT02266 - BC 01/31/2020
1/31/2020 4:56:17 PM Page 8 of 8
Project Account Summary
Project Account Key Expense AmountProject Account Name
201608T 9,712.50Technical Expense
201701P 1,922.50Professional Expense
201704CT 56.86Construction Expense
201704P 207.50Professional Expense
201709P 630.00Professional Expense
201801CT 480.85Construction Expense
201801P 1,592.50Professional Expense
201804E 5,071.24Landscape & Lighting Median Isla…
201805P 1,837.50Professional Expense
201902P 660.00Professional Expense
201906P 465.00Professional Expense
201907P 165.00Professional Expense
201909P 10,260.00Professional Expense
201918P 620.00Professional Expense
DYOE 314.21Desert Youth Olympics Expense
EGGE 400.00La Quinta Egg Hunt Expense
TOASTE 1,882.63Toast La Quinta Expense
Grand Total:211,212.53
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1/24/2020 3:32:55 PM Page 1 of 2
Payment Reversal Register
City of La Quinta APPKT02258 - BC 01/24/2020
Canceled Payables
Vendor Set:01 - Vendor Set 01
Bank:APBNKBOW - APBNK- BOW
00327
Vendor Number
MICHAEL BAKER INTERNATIONAL CO
Total Vendor Amount
-2,945.00
Vendor Name
Check 200341 01/22/2020 -2,945.0012/13/2019 01/22/2020
Payment Type Payment Number Original Payment Date Reversal Date Cancel Date Payment Amount
Payable Number:Description Payable AmountDue DatePayable Date
1064900-R 12/13/201909/2019 SRR PHASE II INFRASTRUCTURE PRJ 201413-D 1,200.0011/01/2019
R55507-R 12/13/201910/30/19 - PG2019-0020 REF MISCALC PLAN FEE 1,745.0010/30/2019
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Payment Reversal Register Packet: APPKT02258 - BC 01/24/2020
1/24/2020 3:32:55 PM Page 2 of 2
Bank Code Summary
Canceled Payables Payables Left To Pay AgainBank Code Total
APBNKBOW -2,945.00 0.00 -2,945.00
-2,945.00 0.00Report Total:-2,945.00
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2/11/2020 12:28:06 PM Page 1 of 2
Payment Reversal Register
City of La Quinta APPKT02269 - BC 01/31/2020
Canceled Payables
Vendor Set:01 - Vendor Set 01
Bank:APBNKBOW - APBNK- BOW
09649
Vendor Number
MONTERRA HOLDINGS, LLC
Total Vendor Amount
-29,080.00
Vendor Name
Check 200609 01/31/2020 -29,080.0001/10/2020 01/31/2020
Payment Type Payment Number Original Payment Date Reversal Date Cancel Date Payment Amount
Payable Number:Description Payable AmountDue DatePayable Date
010720-R 01/10/202001/07/20 - RELEASE DUST CTRL DEP TM 32742 29,080.0001/07/2020
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Payment Reversal Register Packet: APPKT02269 - BC 01/31/2020
2/11/2020 12:28:06 PM Page 2 of 2
Bank Code Summary
Canceled Payables Payables Left To Pay AgainBank Code Total
APBNKBOW -29,080.00 0.00 -29,080.00
-29,080.00 0.00Report Total:-29,080.00
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City of La Quinta
Bank Transactions 01/18 – 01/31/2020
Wire Transaction
Listed below are the wire transfers from 01/18 – 01/31/2020
Wire Transfers:
01/22/2020 - WIRE TRANSFER - LANDMARK 148,601.03$
01/22/2020 - WIRE TRANSFER - WELLS FARGO 5,000.00$
01/23/2020 - WIRE TRANSFER - FSA 2,608.11$
01/24/2020 - WIRE TRANSFER - PERS 44,476.87$
01/24/2020 - WIRE TRANSFER - ICMA 4,765.29$
01/24/2019 - WIRE TRANSFER - LQCEA 450.00$
01/24/2019 - WIRE TRANSFER - TEXAS LIFE 857.35$
01/27/2019 - WIRE TRANSFER - AMERICAN FIDELITY 1,012.49$
01/27/2019 - WIRE TRANSFER - WELLS FARGO 15,000.00$
TOTAL WIRE TRANSFERS OUT 222,771.14$
ATTACHMENT 2
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City of La Quinta
CITY COUNCIL MEETING: February 18, 2020
STAFF REPORT
AGENDA TITLE: APPROVE AMENDMENT NO. 9 TO PROFESSIONAL SERVICES
AGREEMENT WITH MICHAEL BAKER INTERNATIONAL TO PERFORM
ADDITIONAL SERVICES FOR THE SILVERROCK VENUE SITE PROJECT NO.
2016-08
RECOMMENDATION
Approve Amendment No. 9 to the Professional Services Agreement with Michael
Baker International, in the amount of $24,575 to perform work outside of
current scope of work; and authorize the City Manager to execute the
amendment.
EXECUTIVE SUMMARY
•In August 2006, the La Quinta Redevelopment Agency (RDA) contracted
with RBF Consulting, now Michael Baker International (MBI), to design
the SilverRock Phase II Infrastructure Improvements.
•In July 2016, Council approved an Implementation of Services Agreement
(Agreement) with MBI to complete project plans, specifications and
engineer’s estimate (PS&E) for SilverRock Resort Phase II Infrastructure
Improvements.
•Amendments No. 3 and 4 provided engineering and coordination services
for the SilverRock Venue Site Project.
•During the bid and award of the SilverRock Venue Site Project a rain
event occurred that eroded one of the retention basin slopes and
damaged an outlet structure that was planned to be modified.
•Amendment No. 9 (Attachment 2) identifies additional engineering
services to repair storm damage and redesign outlet structure to prevent
future damage.
FISCAL IMPACT
Sufficient funds are available for this amendment in the SilverRock Venue Site
(Project No. 2016-08). Amendment No. 9 will be reimbursed on a lump sum
not to exceed basis.
CONSENT CALENDAR ITEM NO. 5
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Original Implementation Agreement $394,170
Amendment No. 1 $ 7,000
Amendment No. 2 $183,565
Amendment No. 3 $ 26,800
Amendment No. 4 $100,700
Amendment No. 5 $ 19,150
Amendment No. 6 $ 4,810
Amendment No. 7 $ 47,450
Amendment No. 8 $ 51,205
Amendment No. 9 $ 24,575
Revised Agreement Total $859,425
BACKGROUND/ANALYSIS
The RDA entered into a Professional Services Agreement (PSA) with RBF
Consulting in July 2006 to design Phase II infrastructure improvements for
SilverRock. In 2014, Council approved an agreement with SilverRock
Development Company, which requires the City to fund the design and
construction of SilverRock Way, a public roadway that will be owned and
maintained by the City. In August 2016, the City entered into an agreement
with Consultant to finish designing these improvements.
Amendments No. 1 and 2 added the design of the Jefferson Street and Avenue
53 roundabout (Project No. 2017-09), Amendment No. 3 provided preliminary
engineering services for the SilverRock Phase II and Venue Site, Amendment
No. 4 provided final engineering and coordination services for the SilverRock
Venue Site (Project No. 2016-08), Amendment No. 5 slightly re-aligned
SilverRock Way near the intersection with Avenue 52, and Amendment No. 6
added striping and signing modifications to the Avenue 53 and Jefferson Street
Intersection Roundabout Design. Amendment No. 7 split the canal crossing into
two plan sets for the structure to be built with CVWD’s project. Amendment No.
8 included canal crossing modifications, SilverRock Venue Site modifications,
and SilverRock Way Modifications.
Amendment No. 9 addresses the following changes:
During bidding and award of the SilverRock Venue Site Project a rain
event occurred damaging a slope within a retention basin and a headwall
that was planned to be replaced. A Geotechnical Tech Memorandum was
prepared in December 2019 outlining the work necessary to repair the
slope and how to place back the portion of damaged pipe prior to the
construction of the headwall at the SilverRock Venue Site. This
amendment allows the designer to design the recommendations in the
Tech Memorandum and prepare plans and specifications.
ALTERNATIVES
Staff does not recommend an alternative.
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Prepared by: Julie Mignogna, Management Analyst
Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer
Attachment: 1. Amendment No. 9
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AMENDMENT NO. 9 TO PROFESSIONAL SERVICES AGREEMENT
WITH MICHAEL BAKER INTERNATIONAL
This Amendment No. 9 to Professional Services Agreement (Agreement)
is made and entered into as of the ___ day of February, 2020 (“Effective Date”)
by and between the CITY OF LA QUINTA (“City”), a California municipal
corporation and Michael Baker International (“Consultant”).
RECITALS
WHEREAS, on or about August 16, 2006, the La Quinta Redevelopment
Agency and Consultant, formerly known as RBF, entered into an Agreement to
provide services related to the SilverRock Resort Phase II Infrastructure
Improvements, Project No. 2014-13. The term of the Agreement is in full force
and effect until completion of the services; and
WHEREAS, on or about July 8, 2016, the City entered into Implementation
of Services Pursuant to the Agreement with Michael Baker International; Scope
of Services was unchanged; total not to exceed amount at transfer was
$394,170; and
WHEREAS, Amendment No. 1 executed on or about August 16, 2017,
amended the Scope of Services to include design of a roundabout at Jefferson
Street and Avenue 53, and increased the Contract Sum by $7,000; and
WHEREAS, Amendment No. 2 executed on or about February 27, 2018,
amended the Scope of Services to include additional design of a roundabout at
Jefferson Street and Avenue 53; Schedule of Performance; and increased the
Contract Sum by $183,565; and
WHEREAS, Amendment No. 3, executed on or about April 6, 2018,
amended the Scope of Services to include preparation of Plats and Legals for the
SilverRock Venue Site; Schedule of Performance; and increased the Contract
Sum by $26,800; and
WHEREAS, Amendment No. 4, executed on or about July 19, 2018,
amended the Scope of Services to include preparation of project Plans,
Specifications and Engineer’s estimates for SilverRock Resort Phase II
Infrastructure Improvements – SilverRock Venue Site Final Engineering and
Coordination; Schedule of Performance; and increased the Contract Sum by
$100,700; and
WHEREAS, Amendment No. 5, executed on or about October 15, 2018,
amended the Scope of Services to include SilverRock Way Plan Modifications, and
increased the Contract Sum by $19,150; and
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ATTACHMENT 1
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WHEREAS, Amendment No. 6, executed on or about January 27, 2019,
amended the Scope of Services to include striping and signing modifications to
the Avenue 53 and Jefferson Street Intersection Roundabout Design, and
increased the Contract Sum by $4,810; and
WHEREAS, Amendment No. 7, executed on or about June 24, 2019,
amended the Scope of Services modifications to the canal crossing for SilverRock
Way to allow Coachella Valley Water District to construct a portion of the work
and to provide construction support services for the canal crossing, and increased
the Contract Sum by $47,450.00; and
WHEREAS, Amendment No. 8, executed on or about November, 2019,
amended the Scope of Services modifications to the canal crossing for SilverRock
Way include modifications to the canal crossing for SilverRock Way as requested
by Coachella Valley Water District to increase the diversion channel; include
modifications to the SilverRock Venue Site as requested by the City to change
the site grading for various walkways and to include additional scope to prepare
specifications and estimates; and include modifications to the SilverRock Way as
requested by the City to change the plans to reflect the temporary entrance at
old SilverRock Way, plan modifications to incorporate the Roundabout at Avenue
53, plan modifications for the water and sewer plans, and additional preparation
of an easement for the roundabout at Avenue 53. The Contract Sum of the
Agreement was amended by $51,205; where, $16,900 is for the canal crossing
for SilverRock Way, $21,975 is for the SilverRock Venue Site, and $12,330 is for
the SilverRock Way Plan Modifications; and
WHEREAS, the City is utilizing the Consultant to prepare the Plans,
Specifications and Estimates (PS&E) for SilverRock Venue Site Project, Project
No. 2016-08.
WHEREAS, the City and Consultant wish to amend the Scope of Services to
include modifications to the SilverRock Venue Site to repair rain event damages
to a slope within a retention basin and revised headwall design; and
WHEREAS, the Contract Sum of the Agreement is being amended by
$24,575 and will be compensated on a lump sum basis not to exceed amount;
AMENDMENT NO. 9
NOW THEREFORE, in consideration of the mutual covenant herein
contained, the parties agree as follows:
In consideration of the foregoing Recitals and the covenants and promises
hereinafter contained, and for good and valuable consideration, the sufficiency
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and receipt of which are hereby acknowledged, the parties hereto agree as
follows:
1.Section 1.1 – Scope of Services. is amended to read as follows:
For the services rendered pursuant to this Agreement, Consultant shall
provide additional services outlined in Exhibit “A”, attached hereto and
made apart hereof.
2.Section 2.1 – Contract Sum is amended to read as follows:
For the Services rendered pursuant to this Agreement, Consultant shall be
compensated in accordance with “Exhibit B” (the “Schedule of
Compensation”) in a total amount up to but shall not exceed Eight
Hundred Eleven Thousand Nine Hundred Seventy Five Dollars
($811,975.00) (the “Contract Sum”) for the life of the Agreement
encompassing initial terms and Amendments 1 through 6 and
Amendments 8 through 9; and in a time and materials amount up to but
shall not exceed Forty Seven Thousand Four Hundred Fifty Dollars
($47,450.00) for Amendment No. 7; for a total Agreement not to exceed
amount of Eight Hundred Fifty Nine Thousand Four Hundred Twenty
Five Dollars ($859,425) (the “Contract Sum”) for the life of the
Agreement encompassing the initial and extended terms of Amendments
1 through 9 except as provided in Section 1.6.
Exhibit B – Deliverables and Budget is amended as attached in Exhibit B
attached hereto and made apart hereof.
In all other respects, the Original Agreement shall remain in effect.
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IN WITNESS WHEREOF, the City and Consultant have executed this
Amendment No. 9 to the Professional Services Agreement on the respective
dates set forth below.
CITY OF LA QUINTA a California municipal corporation
JON MCMILLEN, City Manager
ATTEST:
____________________
MONIKA RADEVA, City Clerk
APPROVED AS TO FORM:
_______________________
WILLIAM H. IHRKE, City Attorney
Dated:
CONSULTANT: MICHAEL BAKER INTERNATIONAL
By:
Name: Christopher Alberts
Title: Associate Vice-President
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Exhibit A
Scope of Services
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Exhibit B
Schedule of Compensation
The following represents the contract total of Eight Hundred Fifty Nine
Thousand, Four Hundred Twenty Five Dollars ($859,425.00) to be paid after the
consideration of Amendments 1- 9:
Base Contract:
Amendment 1:
Amendment 2:
Amendment 3:
Amendment 4:
Amendment 5:
Amendment 6:
Amendment 7:
Amendment 8
Amendment 9:
Contract Sum with Amendments 1-8:
$394,170.00
$ 7,000.00
$183,565.00
$ 26,800.00
$100,700.00
$ 19,150.00
$ 4,810.00
$ 47,450.00
$ 51,205.00
$ 24,575.00
$859,425.00
NOTE:
Amendment 7 is to be paid as time and materials not to exceed $47,450.00
Amendments 1-6, 8 and 9 are to be paid as lump sum not to exceed total of
$811,975.00
The following represents the Amendment 9 Task Detail:
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City of La Quinta
CITY COUNCIL MEETING: February 18, 2020
STAFF REPORT
AGENDA TITLE: AUTHORIZE OVERNIGHT TRAVEL FOR THE MARKETING
MANAGER TO ATTEND VISIT CALIFORNIA MEDIA RECEPTION IN LOS ANGELES
CALIFORNIA, APRIL 28-29, 2020
RECOMMENDATION
Authorize overnight travel for the Marketing Manager to attend the Visit
California Media Reception in Los Angeles, California, April 28-29, 2020.
EXECUTIVE SUMMARY
Visit California hosts the Los Angeles Media Reception every 18 months,
connecting California destinations and tourism businesses with
approximately 70-80 consumer, lifestyle and travel media.
The City was selected as one of 15 destinations in the state to participate
in the media reception.
FISCAL IMPACT
Estimated cost will be $500, which includes travel, lodging, parking, and meals.
Funds are available in the 2019/20 Marketing Department’s Travel and Training
budget (Account No. 101-3007-60320).
BACKGROUND/ANALYSIS
Visit California is a non-profit organization with a mission to develop and
maintain marketing programs – in partnership with the state’s travel industry –
that inspire travel to California. The Media Reception is an invite only event that
allows the opportunity to garner top-tier, national media coverage for your
California destination, accommodation or attraction while networking one-on-
one with Los Angeles-based travel and lifestyle media.
ALTERNATIVES
Council may elect not to authorize this request.
Prepared by: Marcie Graham, Marketing Manager
Approved by: Jon McMillen, City Manager
CONSENT CALENDAR ITEM NO. 6
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City of La Quinta
CITY COUNCIL MEETING: February 18, 2020
STAFF REPORT
AGENDA TITLE: ADOPT RESOLUTION TO AMEND TITLE AND
CLASSIFICATION OF SENIOR ACCOUNTANT TO ACCOUNTING MANAGER,
ASSOCIATE ENGINEER TO A HIGHER RATING, MANAGEMENT ASSISTANT TO
AN ADMINISTRATIVE TECHNICIAN, AND ADD ACCOUNT TECHNICIAN
POSITION, AND APPROVE RECOMMENDED BUDGET ADJUSTMENTS
RECOMMENDATION
Adopt a resolution to approve finance, engineering, and public works position
reclassifications, add an Account Technician position; and approve the
recommended budget adjustments related to these personnel reclassifications
and addition.
EXECUTIVE SUMMARY
An audit determined that reclassification of three positions was justified;
two in Public Works/Engineering and one in the Finance Department.
Add an Account Technician position in the Finance Department.
The City’s allocated full-time employees would increase to 96.
Council approval is required to amend the Allocated Positions and Salary
Schedule.
FISCAL IMPACT
The total General Fund budgetary impact to the current fiscal year is
approximately $22,000 with an ongoing annual expense of $66,000. Current
year expenses would be funded by amending the following budgets:
BUSINESS SESSION ITEM NO. 1
Account No. Description Expenses
PERSONNEL ADJUSTMENTS
Finance
101-1006-50101 Permanent Full-Time 23,700
101-1006-60103 Professional Services (8,700)
101-1006-60125 Temporary Agency Services (15,000)
Engineering
101-6005-50101 Permanent Full-Time (1,700)
TOTAL GENERAL FUND (1,700)
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BACKGROUND/ANALYSIS
Classification audits were requested for the Senior Accountant and Associate
Engineer positions. These audits determined that the level and scope of
responsibilities warranted reclassifications for both positions. The Senior
Accountant to an Accounting Manager and the Associate Engineer to a higher
Decision Band Method rating.
The recent creation of a Public Works/Engineering department included an
internal audit of positions in the Facilities division. It was found that the
division’s need for an Administrative Technician outweighed the necessity for
the current vacant Management Assistant position. This reclassification will
create a savings in personnel costs to the Public Works/Engineering
department.
The addition of an Account Technician in the Finance department will create
an opportunity to improve grant funding oversight and processing of accounts
receivables to meet auditing and financial reporting requirements.
With the requested personnel changes, this will bring the City’s full-time
allocated positions to a total of 96.
All reclassifications, new position requests, and budget adjustments require
Council approval.
ALTERNATIVES
Council could delay, modify, or reject the requested amendments.
Prepared by: Angela Scott, Human Resources Manager
Approved by: Chris Escobedo, Community Resources Director
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RESOLUTION NO. 2020 - XXX
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LA QUINTA, CALIFORNIA, AMENDING
THE CLASSIFICATIONS OF SENIOR
ACCOUNTANT, ASSOCIATE ENGINEER, AND
MANAGEMENT ASSISTANT, AND ADDING A
POSITION OF ACCOUNT TECHNICIAN
WHEREAS, the City Council previously approved and adopted the
2019/20 Classification Plan; and
WHEREAS, the City’s Personnel Policy Section 3.1, Preparation and
Amendment of Classification Plan, requires amendments to the Classification
Plan be adopted by a Resolution of the City Council; and
WHEREAS, amendments of the Senior Accountant to an Accounting
Manager; the Associate Engineer to a higher Decision Band Method (DBM)
rating; the currently vacant Management Assistant in the Public
Works/Engineering Department to an Administrative Technician; will allow the
City to continue to achieve benefits, efficiencies and expanded duties; and
WHEREAS, adding an Account Technician will create an opportunity to
improve grant funding oversight and processing of accounts receivables to
meet auditing and financial reporting requirements.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of La Quinta, California, as follows:
SECTION 1. The City Council does hereby approve and adopt the
revisions to the Classification Plan consisting of Authorized Positions and Fiscal
Year 2019/20 Salary Schedule, attached hereto as Exhibit A and incorporated
herein by this reference.
SECTION 2. The City Council does hereby approve the revisions to the
Class Specifications for Management Analyst, Management Assistant,
Manager, and Administrative Technician, attached hereto as Exhibit B and
incorporated herein by this reference.
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Resolution No. 2020 - XXX
Position Reclassifications & New Position Addition
Adopted: February 18, 2020
Page 2 of 2
PASSED, APPROVED, and ADOPTED at a regular meeting of the La
Quinta City Council held on this 18th day of February, 2020, by the following
vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
________________________
LINDA EVANS, Mayor
City of La Quinta, California
ATTEST:
__________________________
MONIKA RADEVA, City Clerk
City of La Quinta, California
(CITY SEAL)
APPROVED AS TO FORM:
___________________________
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
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CITY OF LA QUINTA
AUTHORIZED POSITIONS
EFFECTIVE FEBRUARY 29, 2020
AUTHORIZED WORKING TITLE RATING ALLOCATED
Administrative Administrative Assistant Administrative Assistant A11 6
Administrative Technician Administrative Technician B21 3
Executive Assistant B22 1
Code Administration Code Administration Technician Building Inspector I B22 1
Code Compliance Officer I B22 1
Permit Technician B22 5
Code Administration Specialist Building Inspector II B23 2
Code Compliance Officer II B23 4
Construction Inspector B23 2
Plans Examiner B24 1
Code Administration Supervisor Animal Control/Code Compliance Supervisor B32 1
Plans Examiner/Inspection Supervisor B32 1
Code Administration Coordinator Assistant Construction Manager C42 1
Construction Manager/Inspection Supervisor C43 1
Maintenance & Operations Maintenance & Operations Worker Maintenance Worker I A11 6
Maintenance Worker II A12 3
Maintenance & Operations Technician Traffic Signal Technician B21 2
Maintenance & Operations Technician B23 2
Maintenance & Operations Coordinator Maintenance Foreman B24 2
Parks/L&L Foreman B24 1
Maintenance & Operations Superintendent Maintenance & Operations Superintendent B32 1
Management Administration Management Assistant Community Resources Coordinator B21 1
Management Assistant B21/B22 5
Account Technician B22 3
Management Specialist Community Resources Specialist B24 1
Deputy City Clerk B24 1
Junior Accountant B24 1
Management Specialist B24/B25 6
Accountant B25 1
Management Coordinator C41
Management Analyst Associate Planner C42 1
Community Resources Analyst C42 1
Sr. Emergency Management Coodinator C42 1
Financial Services Analyst C42 1
Human Resources Analyst C42 1
Management Analyst C42 5
Public Safety Analyst C42 1
Senior Accountant C42 0
Traffic Operations Analyst C42 1
Associate Engineer C44 1
Senior Planner C44 1
Management Manager Accounting Manager D61 1
Assistant to the City Manager D61 1
Building Official D61 1
Community Resources Manager D61 1
Hub Manager D61 1
Human Resources Manager D61 1
Marketing Manager D61 1
Planning Manager D61 1
Public Safety Manager D61 1
City Clerk D62 1
Facilities Deputy Director D63 1
Director Community Resources Director E82 1
Design & Development Director E82 1
Finance Director/Treasurer E82 1
Public Works Director/City Engineer E82 1
City Manager City Manager F101* 1
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CLASSIFICATION SPECIFICATION
* City Manager salary is determined by City Council contract
EXHIBIT A
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2019/20 Salary ScheduleWORKING TITLEDBM STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8 STEP 9 STEP 10Administrative AssistantMaintenance Worker IA11 $ 38,741.77 $ 40,678.86 $ 42,615.94 $ 44,553.03 $ 46,490.12 $ 48,067.64 $ 49,645.16 $ 51,222.68 $ 52,800.20 $ 54,377.72 Maintenance Worker II A12 $ 42,624.17 $ 44,755.38 $ 46,886.59 $ 49,017.80 $ 51,149.00 $ 52,884.59 $ 54,620.18 $ 56,355.77 $ 58,091.36 $ 59,826.95 Administrative TechnicianCommunity Resources CoordinatorManagement AssistantTraffic Signal TechnicianB21 $ 50,400.62 $ 52,920.65 $ 55,440.68 $ 57,960.71 $ 60,480.74 $ 62,533.09 $ 64,585.44 $ 66,637.79 $ 68,690.14 $ 70,742.49 Account TechnicianBuilding Inspector ICode Compliance Officer IExecutive AssistantManagement AssistantPermit TechnicianB22 $ 54,283.01 $ 56,997.16 $ 59,711.31 $ 62,425.46 $ 65,139.61 $ 67,350.03 $ 69,560.45 $ 71,770.87 $ 73,981.29 $ 76,191.71 Building Inspector IICode Compliance Officer IIConstruction InspectorMaintenance & Operations TechnicianB23 $ 58,165.41 $ 61,073.69 $ 63,981.96 $ 66,890.23 $ 69,798.50 $ 72,166.99 $ 74,535.48 $ 76,903.97 $ 79,272.46 $ 81,640.94 Deputy City ClerkJunior AccountantMaintenance ForemanManagement SpecialistParks/L&L ForemanPlans ExaminerB24 $ 63,517.31 $ 66,693.18 $ 69,869.04 $ 73,044.91 $ 76,220.77 $ 78,807.14 $ 81,393.51 $ 83,979.88 $ 86,566.25 $ 89,152.63 AccountantManagement SpecialistB25 $ 70,103.01 $ 73,608.16 $ 77,113.31 $ 80,618.46 $ 84,123.61 $ 86,978.27 $ 89,832.93 $ 92,687.59 $ 95,542.25 $ 98,396.92 Animal/Code Officer SupervisorMaintenance & Operations SuperintendentPlans Examiner/Inspector SupervisorB32 $ 70,103.01 $ 73,608.16 $ 77,113.31 $ 80,618.46 $ 84,123.61 $ 86,978.27 $ 89,832.93 $ 92,687.59 $ 95,542.25 $ 98,396.92 DBM STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8 STEP 9 STEP 10 STEP 11 STEP 12 STEP 13 STEP 14C42 $ 76,782.29 $ 79,981.81 $ 83,181.32 $ 86,380.84 $ 89,580.36 $ 92,776.04 $ 95,977.86 $ 98,761.22 $ 101,544.58 $ 104,327.94 $ 107,111.30 $ 109,894.66 $ 112,678.02 $ 115,461.35 C43 $ 80,992.91 $ 84,367.89 $ 87,742.86 $ 91,117.84 $ 94,492.81 $ 97,863.74 $ 101,241.14 $ 104,177.13 $ 107,113.12 $ 110,049.11 $ 112,985.10 $ 115,921.09 $ 118,857.08 $ 121,793.08 C44 $ 86,265.68 $ 89,860.37 $ 93,455.06 $ 97,049.76 $ 100,644.45 $ 104,234.82 $ 107,832.10 $ 110,959.23 $ 114,086.36 $ 117,213.49 $ 120,340.62 $ 123,467.75 $ 126,594.88 $ 129,722.00 D61 $ 97,860.71 $ 101,938.57 $ 106,016.43 $ 110,094.28 $ 114,172.14 $ 118,245.10 $ 122,325.89 $ 125,873.34 $ 129,420.79 $ 132,968.24 $ 136,515.69 $ 140,063.14 $ 143,610.59 $ 147,158.03 D62 $ 102,753.75 $ 107,035.50 $ 111,317.25 $ 115,599.00 $ 119,880.74 $ 124,157.36 $ 128,442.19 $ 132,167.01 $ 135,891.83 $ 139,616.65 $ 143,341.47 $ 147,066.29 $ 150,791.11 $ 154,515.95 D63 $ 107,891.44 $ 112,387.27 $ 116,883.11 $ 121,378.94 $ 125,874.78 $ 130,365.22 $ 134,864.30 $ 138,775.36 $ 142,686.42 $ 146,597.48 $ 150,508.54 $ 154,419.60 $ 158,330.66 $ 162,241.75 E82 $ 129,959.40 $ 135,374.81 $ 140,790.22 $ 146,205.63 $ 151,621.04 $ 157,029.95 $ 162,449.25 $ 167,160.27 $ 171,871.29 $ 176,582.31 $ 181,293.33 $ 186,004.35 $ 190,715.37 $ 195,426.42 WORKING TITLEAssistant Construction Manager Associate PlannerCommunity Resources AnalystSr. Emergency Management Coordinator Financial Services AnalystHuman Resources Analyst Management AnalystPublic Safety AnalystSenior AccountantTrafficOperationsAnalystAssociate EngineerConstruction Manager/Inspection SupervisorAssociate EngineerSenior PlannerAccounting ManagerAssistant to the City ManagerBuilding OfficialCommunity Resources ManagerHub ManagerHuman Resources ManagerMarketing ManagerPlanning ManagerPublic Safety ManagerCity ClerkFacilities Deputy DirectorCommunity Resources DirectorDesign & Development Director Finance Director/City TreasurerPublic Works Director/City Engineer City ManagerF101* $ 176,822.32 $ 184,190.51 $ 191,558.69 $ 198,926.88 $ 206,295.06 $ 213,654.41 $ 221,027.90 $ 227,437.70 $ 233,847.50 $ 240,257.30 $ 246,667.10 $ 253,076.90 $ 259,486.70 $ 265,896.53 Per MeetingMonthly Recreation LeaderA01$13.00 $13.65 $14.30 $14.95 $15.60$0.00$2,800.00Senior Recreation LeaderA02$17.00 $17.85 $18.70 $19.55 $20.40$50.00$2,300.00Administrative Technician B21 $24.23 $25.44 $26.65 $27.87 $29.08$75.00Software Program Report WriterB24$30.54 $32.06 $33.59 $35.12 $36.64$100.00Planning Commission FULL-TIME EMPLOYEES (ANNUAL)Council MembersBoards and Commission MembersConstruction Appeals & Oversight BoardHousing CommissionCommunity Services & Financial Advisory CommissionNON-DISCRETIONARY STEPSDISCRETIONARY STEPS (PERFORMANCE BASED)NON-DISCRETIONARY STEPSDISCRETIONARY STEPS (PERFORMANCE BASED)PART-TIME EMPLOYEES (HOURLY)Elected Official PositionsMayor City Council Approval - 07/16/19, 10/01/19, 12/03/19, 02/18/2020Effective - 06/22/19Revised 10/12/19, 01/01/2020, 02/29/2020 111Click HERE to return to Agenda
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CLASS SPECIFICATION
Administrative Technician
Rev. January February 20162020 1
CLASS SERIES BAND/GRADE/SUBGRADE FLSA STATUS
Administrative B21 – B22 NE
CLASS SUMMARY:
This class is the second level in a two-level Administrative series. Incumbents are
devoted to advanced, specialized administrative support for internal and/or external
customers.
DISTINGUISHING CHARACTERISTICS:
Incumbents require a broad knowledge of the organization and/or provide specific
support for functions that require administration or coordination with all employees of the
City, not just those in a specific department.
ESSENTIAL DUTIES:
This class specification represents only the core areas of responsibilities; specific position
assignments will vary depending on the needs of the department.
Provides administrative support, such as maintaining department and employee
schedules, coordinating meetings and agendas, making travel arrangements, editing
and preparing newsletters, brochures and basic reports, researching basic information
and providing related support.
Assists with coordinating department and/or management activities, such as tracking
work and change orders and project schedules, relaying communications, researching
information and providing related support.
Compiles, formats and proofs complex documents, reports and other written materials
such as meeting agendas, meeting minutes, meeting summaries and legal or other
specific correspondence.
Performs financial related activities such as advanced bookkeeping or cashiering
functions, contract administration and budget and expenditure tracking.
May serve as lead to staff to include assigning and monitoring work and providing
direction.
Performs other duties of a similar nature and level as assigned.
POSITION SPECIFIC RESPONSIBILITIES MIGHT INCLUDE:
Positions assigned to Administrative Technician (Public Works/Engineering) may
also be responsible for:
Providing administrative support to the Department, such as scheduling, copying,
filing, etc.;
Providing assistance for the processing of all Records Requests requiring department
information;
Managing all department related files and records, including filing, archiving, and
destruction of such, as well as processing on-going archiving and scanning projects;
Assisting with the processing and monitoring of department related agreements;
Performing accounting support functions, such as supply ordering, monitoring budget
EXHIBIT B
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CLASS SPECIFICATION
Administrative Technician
Rev. January February 20162020 2
and contract expenditures, reviewing and processing invoices, and resolving
discrepancies.
Positions assigned to Administrative Technician (Community Resources
Department) may also be responsible for:
Processing contracts and invoices for multiple departments;
Processing Information Technology support requests;
Preparing and routing contracts through the City processes;
Developing administrative systems and processes to support internal operations of
department;
Maintaining inventory of assets and develop replacement schedules; and
Tracking contract expenses to budgets through regular reports.
Positions assigned to Executive Assistant (Design and Development) may also be
responsible for:
Providing administrative support to the Planning Commission, Architecture & Landscape
Review Committee, and Historic Preservation Commission, including the preparation of
agendas and taking of meeting minutes;
Providing administrative support to the Design and Development Department, such as
City Council staff reports, assisting with contract management and management of
department budget;
Employing discretion and independent judgment, as actions can have significant effect
upon Department and City operations; and
Performing supervisory duties for subordinates including assigning, reviewing and
planning work and writing performance evaluations.
TRAINING AND EXPERIENCE:
High School Diploma or GED and three (3) years office or customer service experience. As
assigned, a minimum of three to five years’ experience with increasingly advanced writing
projects, including report writing, speeches, newsletters and other publications, with heavy
emphasis on editing. Or an equivalent combination of education and experience sufficient
to successfully perform the essential duties of the job such as those listed above. As
assigned, must be able to attend occasional evening meetings.
LICENSING/CERTIFICATIONS:
Valid Class C California Driver’s License.
KNOWLEDGE OF:
Modern office procedures and administrative support methods;
Modern office equipment;
Proper English usage, grammar and punctuation;
Customer service principles;
Basic budgetary principles;
Meeting coordination, agenda development, minute taking and preparation;
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CLASS SPECIFICATION
Administrative Technician
Rev. January February 20162020 3
Lead work principles, as assigned; and
City policies, rules and regulations, operations, procedures and precedents of
assignment.
SKILL IN:
Tact, diplomacy and customer service;
Use of independent judgment in a variety of situations;
Reading and interpreting reference books, manuals, policies and procedures;
Accurately proofreading, filing and word-processing;
Mathematical computations used in business;
Taking minutes and summarizing meetings;
Tracking budgets and project timelines/deadlines;
Operating a computer and relevant software applications;
Operating modern office equipment;
Prioritizing and assigning work;
Communication, interpersonal skills as applied to interaction with coworkers,
supervisor, the general public, etc. sufficient to exchange or convey information and
to receive work direction; and
Some positions may require skill working with legal or industry specific terminology
and/or providing supervision, direction, coaching and evaluation of subordinates.
ADA AND OTHER REQUIREMENTS:
Positions in this class typically require: standing, walking, fingering, talking, hearing,
seeing and repetitive motions.
Sedentary Work: Exerting up to 10 pounds of force occasionally and/or a negligible
amount of force frequently or constantly to lift, carry, push, pull or otherwise move
objects, including the human body. Sedentary work involves sitting most of the time.
Jobs are sedentary if walking and standing are required only occasionally and all other
sedentary criteria are met.
NOTE: The above job description is intended to represent only the key areas of
responsibilities; specific position assignments will vary depending on the business needs
of the department.
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CLASS SPECIFICATION
Management Assistant
Rev. February 20172020 1
CLASS SERIES BAND/GRADE/SUBGRADE FLSA STATUS
Management Administration B21 - B22 Non-Exempt
CLASS SUMMARY: This class is the first level in a four-level Management Administration
Series. As assigned, incumbents are responsible for providing specialized services and
customer service in support of City programs and finance. Incumbents, as assigned, may
be responsible for processing receipts and cashiering; assisting in budget preparation;
collection and disbursement of payments, developing and supporting program operations;
performing research; maintaining databases; providing technical assistance and training;
and processing claims.
DISTINGUISHING CHARACTERISTICS: Positions assigned to this classification perform
tasks that are generally routine and repetitive in monitoring and processing information or
coordinating and implementing programs. Work requires considerable attention to detail
and is reviewed by a supervisor for conformance to established requirements.
ESSENTIAL DUTIES: This class specification represents only the core areas of
responsibilities; specific position assignments will vary depending on the needs of the
department.
Assists with coordinating department activities such as tracking work and change
orders, relaying communications, researching information and providing related
support.
Assembles, matches, sorts tabulates, checks numerical data, creates and checks
records and logs.
Prepares reports, correspondence and forms.
Maintains records, references, reports, statistics; reviews forms and documents for
compliance with operational policies and procedures.
Assists in the acquisition of supplies and equipment.
Provides customer service to other employees and citizens.
Responds to citizen/customer questions and calls.
Performs filing and retrieval of information.
As assigned, serves as a lead to staff to include assigning and monitoring work and
providing direction.
Performs other duties of a similar nature and level as assigned.
POSITION SPECIFIC RESPONSIBILITIES MIGHT INCLUDE:
Positions assigned to Management Assistant (Design & Development) may also be
responsible for:
Processing TOT payments, Short-Term Vacation Rental applications and various
associated reports;
Cross training staff on business license and TOT applications and payments;
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CLASS SPECIFICATION
Management Assistant
Rev. February 20172020 2
Recording reported monthly TOT tax collections and work with contractor on vacation
rental collection data;
Serving as cashier and customer service support in the Customer Center; and
Processing and reviewing applications for business licenses.
Positions assigned to Management Assistant (CIP/Traffic) may also be responsible for:
Providing general administrative and bookkeeping support to the Capital Improvement
Program and Traffic staff;
Tracking and processing invoices and payments for the CIP program; and
Performing duties necessary for the Traffic Operations such as GIS mapping, creating
full-size drawings and traffic control plans and preparing and tracking work orders.
Positions assigned to Account Technician (Finance) may also be responsible for:
Reviewing requests for payments for accuracy and processing accounts payable,
preparing checks for payments and reporting on A/P and wire disbursements;
Reconciling bank statements;
Preparing warrants for payment and recording all disbursements;
Preparing various schedules and reports as requested to support accounting manager;
Reconciling daily deposits for all departments;
Managing the purchasing module and function;
Processing and reconciling Cash receipts, preparing requests for refunds, handling
collection of NSF checks; and
Assisting with preparation of payroll and related documents (such as timesheets,
retirement information, etc.).
Positions assigned to Community Resources Coordinator (Wellness Center) may also
be responsible for:
Recruiting instructors;
Developing programs and classes at the Wellness Center and various locations
throughout the city;
Developing partnerships with a variety of community service providers;
Recruiting and training part-time staff and volunteers;
Coordinating daily operations in assigned area;
Developing and coordinating city-wide events;
Overseeing facility rentals; and
Conducting outreach and marketing activities, including social media postings and
creating event flyers..
Positions assigned to Management Assistant (Community Resources) (Community
Programs, Events, Marketing) may also be responsible for:
Developing community-related programs;
Coordinating and development of fitness and nutritional programs
Oversight and coordination of daily operation of the fitness center area;
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CLASS SPECIFICATION
Management Assistant
Rev. February 20172020 3
Assisting with marketing and promotion of events and programs; and
Providing administrative support as requested.
Positions assigned to Management Assistant (City Clerk’s) may also be responsible for:
Serving as Secretary to the Oversight Board and Housing Commission; including
preparation and distribution of agenda packets, posting, and taking meeting minutes;
Compiling election manual, processing candidates’ filings, and assisting the Elections
Officer to fulfill election duties;
Notarizing city documents;
Performing Laserfiche document archive administrator duties;
Performing webmaster duties for the department and providing training and assistance to
other departments as needed;
Processing of Requests for Records in accordance with the Public Records Act;
Reviewing, finalizing, posting, and publication of Council ordinances and resolutions;
Managing all City Boards and Commissions, including advertising vacancies, processing
applications and scheduling for Council interviews and appointments, on-boarding, and
yearly tracking of ethics certification requirements and Fair Political Practices Commission
requirements (Form 700);
Managing and tracking agreements;
Preparing and processing of Requests for Proposal/Qualifications;
Monitoring budgets, and
Processing records retention projects as assigned.
Positions assigned to Management Assistant (City Manager’s) may also be responsible
for:
Monitoring legislative items, providing recommendations, and writing letters on the City’s
position;
Creating spreadsheets, monitoring budgets, and creating contract tracking databases;
Maintaining current and thorough working knowledge of program guidelines, including
principles of affordable housing;
Scheduling and reviewing work done by outside contractors;
Preparing Request for Proposals; and
Engaging in economic and business development efforts including outreach, lead
generation, and preparation of materials connected to economic development related
agreements.
Positions assigned to Finance Assistant may also be responsible for:
Providing responsible, complex secretarial and administrative support to the Finance
Director , Financial Advisory CommissionInvestment Advisory Board, and the Finance
Department;
As needed, serving as backup for reviewing requests for payments for accuracy and
processing accounts payable;
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CLASS SPECIFICATION
Management Assistant
Rev. February 20172020 4
Preparing and maintaining various service contracts, coordinating annual sale of surplus
items; and
Implementing and managing the purchasing module and function; and
Overseeing timekeeping management for all City staff.
TRAINING AND EXPERIENCE:
High School Diploma or GED and two (2) years experience related to area of assignment.
Or an equivalent combination of education and experience sufficient to successfully perform
the essential duties of the job such as those listed above.
LICENSING/CERTIFICATIONS:
Some positions may require valid California Class C Driver’s License.
KNOWLEDGE OF:
Modern office procedures;
Modern office equipment;
Program coordination;
Proper English usage, grammar and punctuation;
Principles of customer service;
Basic budgetary principles;
City policies, rules and regulations, operations, procedures and precedents of
assignment; and
Supervisory principles, as assigned.
Finance, Design & Development & CIP/Traffic positions also require knowledge of:
Principles of basic accounting/bookkeeping;
Computer accounting applications;
Basic governmental accounting and budgeting; and
Methods of receiving and accounting for funds.
Community Resources positions also require knowledge of:
Principles of marketing, community service, recreational programming and cultural
activities;
Needs, interests and requirements of the community; and
Available local agencies, organizations and providers of public service resources.
SKILL IN:
Tact, diplomacy and customer service;
Comprehending and correctly using a variety of informational documents including logs,
ledgers and financial records;
Preparing documents and records with a high degree of accuracy;
Data entry;
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CLASS SPECIFICATION
Management Assistant
Rev. February 20172020 5
Basic business math (addition, subtraction, division, multiplication, percentages);
Operating a computer and relevant software applications;
Operating modern office equipment;
Some assignments may require prioritizing and assigning work; and
Communication, interpersonal skills as applied to interaction with coworkers, supervisor,
the general public, etc. sufficient to exchange or convey information and to receive work
direction.
ADA AND OTHER REQUIREMENTS: Positions in this class typically require: standing,
walking, fingering, talking, hearing, seeing and repetitive motions. Some assignments may
require occasional pushing, pulling, lifting,
Sedentary Work: Exerting up to 10 pounds of force occasionally and/or a negligible amount
of force frequently or constantly to lift, carry, push, pull or otherwise move objects,
including the human body. Sedentary work involves sitting most of the time. Jobs are
sedentary if walking and standing are required only occasionally and all other sedentary
criteria are met.
NOTE: The above job description is intended to represent only the key areas of
responsibilities; specific position assignments will vary depending on the business needs
of the department.
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CLASS SPECIFICATION
Management Analyst
Rev. October 2018February 2020 1
CLASS SERIES BAND/GRADE/SUBGRADE FLSA STATUS
Management Administration C42 – C44 Exempt
CLASS SUMMARY:
This class is the fourth level in a four-level Management Administration Series focused on
advanced journey level responsibilities. Incumbents are involved with the highest-level
analysis work associated, as assigned, with designated City management functions or
programs.
DISTINGUISHING CHARACTERISTICS:
Positions assigned to this classification are responsible for more complex work products and
more complex project management and/or program administration/oversight. As assigned,
incumbents may supervise staff including conducting performance evaluations, coordinating
training; and implementing hiring, discipline and termination procedures.
ESSENTIAL DUTIES:
This class specification represents only the core areas of responsibilities; specific position
assignments will vary depending on the needs of the department.
Leads meetings with internal and external customers and stakeholders regarding
projects or to address complaints and concerns escalated to a higher staff level.
Prepares and administers contracts and consultant or franchise agreements, approves
billing, ensures service levels and contractual/franchise expectations are met.
Conducts comprehensive research, keeps abreast of changes in assigned field, performs
complex, detailed analyses.
Prepares and presents complex plans, programs, and technical reports including staff
reports for the City Council or Commissions; coordinates/reviews/approves staff input
into plans, programs and reports.
Prepares and monitors budgets and related documents (such as grant funding
applications, requirements, agreements, etc.); prepares and manages project
schedules, oversees day-to-day program or staff activities.
As assigned, supervises staff to includes: prioritizing and assigning work; conducting
performance evaluations; ensuring staff are trained; ensuring that employees follow
policies and procedures; maintaining a healthy and safe working environment; and
making hiring, termination and disciplinary recommendations.
Exercise discretion in accessing confidential information such as information related to
personnel matters, tax collections, and City Council confidential information.
Assists in the development of standards, ordinances, regulations, policies and
procedures; interprets same.
Performs other duties of a similar nature and level as assigned.
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CLASS SPECIFICATION
Management Analyst
Rev. October 2018February 2020 2
POSITION SPECIFIC RESPONSIBILITIES MIGHT INCLUDE:
Positions assigned to Associate Engineer functions may also be responsible for:
Performing plan check as requested;
Preparing annual Storm Water report;
Preparing conditions of approval in land action services, as requested;
Coordinating plan check services with City Surveyor, contract plan check engineers and
City Traffic Engineer;
Reviewing applications, maps, designs, drawings, improvement plans, specifications,
cost estimates, and supporting documents;
Coordinating engineering activities with other City departments;
Processing encroachment permits and other permits for developments;
Processing agreements including Subdivision Improvement Agreements with related
bonds/securities and Reimbursement Agreements; and
Assisting at the front counter.
Positions assigned to Associate Planner functions may also be responsible for:
Assisting with preparation of the General Plan and other specific plan documents;
Researching, reviewing and analyzing environmental, social and economic data related
to planning, land use and community development; and
Meeting with the development community to review proposed projects.
Positions assigned to Public Safety Analyst (Community Resources) functions may also
be responsible for:
Conducting Public Safety assessment needs, identifying key opportunities, and
recommending solutions that can be addressed through Public Safety initiatives;
Assisting in the development, implementation and assessment of Public Safety projects.
Negotiating, preparing and managing service contracts, including analyzing contract
performance and project cash flows;
Liaison for the City’s community, assisting in the development and implementation of
community outreach efforts;
Assisting with the coordination and integration of projects, involving Police, Fire,
Emergency Service, Code and other city department and/or community partners.
Assisting with the formulation and development of the annual budget for Public Safety
Division;
Coordinates with other city departments, divisions and consultants to assist with Public
Safety programs;
Assisting with overall department support including staff report processing, department
meetings/special events, and daily operations of the department.
Positions assigned to Community Resources Analyst functions may also be responsible
for:
Developing and executing recreation/senior programs with the community and at the
Wellness Center;
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CLASS SPECIFICATION
Management Analyst
Rev. October 2018February 2020 3
Initiating and executing contracts for instructors and services;
Managing full and part-time staff at the Wellness Center;
Managing the daily operations of the facility; and
Working with nonprofit providers on health and social services for seniors.
Positions assigned to Sr. Emergency Management Coordinator functions may also be
responsible for:
Develops Emergency Operations Center (EOC) trainings and drills for city staff, CERT,
and community groups;
Manage EOC, including maintaining communication devices, equipment, supplies and
service contracts;
Develops and maintains relationships with other local emergency staff, utility
companies, community groups, and local businesses.
Conducts risk assessments related to local situations, events and weather that may have
an inpact on the welfare of residents and staff.
Leads annual review of City’s Emergency Operations Plan
Manages existing and seeks new Emergency Management grants.
Leads community outreach events related ot Emergency Prepareness.
Positions assigned to HR Analyst functions may also be responsible for:
Developing a comprehensive understanding of the business organization;
Assisting the City Manager and Director in the strategy and future direction of the City in
order to assess and communicate Human Resources and organizational development
needs;
Leading organizational assessment needs, identifying key opportunities, and
recommending solutions that can be addressed through Human Resources;
Embedding the processes, activities, and behaviors to foster the culture that will achieve
the City’s strategic focus;
Developing and delivering training programs at all employee and managerial levels;
Working with Information Technology and Finance to ensure comprehensive analytics
that service to provide strategic analysis and trending information;
Presenting and interpreting findings to various members of Human Resource customers
and ability to adjust presentation materials to those various audiences;
Conducting recruitments, screening and examination;
Conducting classification reviews and compensation schedules (compensation analysis).
Positions assigned to Management Analyst (Design and DevelopmentPublic
Works/Engineering) functions may also be responsible for:
Coordinating department annual budget analysis, development and reporting via
financial software;
Coordinating Public Works Internship Program and National Public Works Week
celebration;
Creating department communication, promotion, and outreach: preparing presentations/
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CLASS SPECIFICATION
Management Analyst
Rev. October 2018February 2020 4
articles/press releases, assisting homeowners and businesses, developing and updating
department Webpages, and providing GORequest system administration;
Updating Developer Engineer’s Handbook, Public Works Strategic Plan, Self-Assessment
Update; etc., as assigned; and
Assisting with overall department support on agreements, requests for proposals, public
process for Capital Improvement Projects, staff report processing, department
meetings/special events, staff reward program, and counter support.
Positions assigned to Senior Planner functions may also be responsible for:
Analyzing complex planning, zoning, and development issues and developing
recommendations;
Preparing and presenting a variety of oral reports and recommendations for projects at
public and commission hearings;
Meeting with developers, customer and other department representatives regarding
proposed or contemplated projects; and
Researching, reviewing, and analyzing complex environmental, social, and economic
data related to planning, community development and land use activities.
Positions assigned to Financial Services Analyst functions may also be responsible for:
Auditing and reconciling daily cash receipts to bank transactions, investment portfolios
and accounts receivables and payables;
Preparing cash flow analyses, revenue, expense, and fund balance forecasts;
Oversight of purchasing, accounts payables, and accounts receivables;
Coordinates with other department representatives and consultants to assist with
complex financial analysis and research;
Assisting with the formulation and development of the annual budget;
Assisting in coordinating the annual audit and preparing of the annual CAFR; and
Tracking/preparing/updating financial information (such as payroll, investments,
warrants).
Positions assigned to Senior Accountant functions may also be responsible for:
Posting, balancing and reconciling the general ledger including preparing/verifying
journal entries;
Purchasing, payroll, and associated report preparation and records, or oversight of
same;
Assisting in coordinating the annual audit and preparing of the annual CAFR;
Auditing the general ledger; verifying financial statements and financial reports, or
oversight of same; reconciling various subsidiary accounts;
Administering and overseeing CIP and grant accounting;
Assisting with the formulation and development of the annual budget; and
Assisting the Finance Director as needed with financial analysis.
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CLASS SPECIFICATION
Management Analyst
Rev. October 2018February 2020 5
TRAINING AND EXPERIENCE:
Bachelor’s Degree and, as assigned, four (4) years experience related to area of
assignment. Or an equivalent combination of education and experience sufficient to
successfully perform the essential duties of the job such as those listed above.
LICENSING/CERTIFICATIONS:
Some positions may require a valid Class C California Driver’s License.
Engineer In Training (EIT) certificate required within one year of hire for engineering
assignments.
FEMA Independent Study Certificates for: IS-100, IS-200, IS-700, and IS-800
FEMA - Professional Development Series Certificate
California Office of Emergency Services – Emergency Management Specialist Certificate
KNOWLEDGE IN:
Supervisory principles;
Budgetary principles;
Applicable local, state and federal laws, rules and regulations;
Project management methods including leading cross-functional teams;
Contract administration and performance monitoring;
Program development, administration and evaluation principles;
Research methods, statistical analysis, program analysis and report preparation;
Organizational structure of the city and city services as they relate to area of
assignment;
Operating modern office equipment; and
Communication, interpersonal skills as applied to interaction with subordinates,
coworkers, supervisor, the general public, etc. sufficient to exchange or convey
information, evaluate performance and provide and/or receive work direction.
Positions assigned to Community Resources also require knowledge of:
Safety precautions and procedures for public recreation and senior activities;
Principles and techniques of recreational, cultural and social programs and senior
activities; and
Public information and marketing strategies.
Positions assigned to Engineering also require knowledge of:
Principles of civil engineering;
Topographic and construction surveying;
Methods and materials used in engineering construction; and
Computer Aided Design (CAD) programs.
Positions assigned to Management Analysts also require knowledge of:
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CLASS SPECIFICATION
Management Analyst
Rev. October 2018February 2020 6
Principles of change management;
Principles of business process analysis and financial analysis; and
Advanced financial modeling and forecasting techniques.
Positions assigned to Planning also require knowledge of:
Principles of land use planning and development; and
Demographic, environmental, social, economic and land use concepts.
Positions assigned to Financial Services Analyst and Senior Accountant also require
knowledge of:
Purchasing, payroll, and associated report preparation and records, or oversight of
same;
Preparation of audit requirements and the annual CAFR,
Analyzing the general ledger; reviewing financial statements and financial reports, and
managing and reconciling various subsidiary accounts;
Assisting with the formulation and development of the annual budget; and
Assisting the Finance Director as needed with complex financial analysis.
SKILL IN:
Advanced research and critical thinking;
Analysis and problem-solving;
Influencing the organization across multiple levels;
Mathematical computations;
Negotiation and conflict resolution;
Supervising and evaluating employees;
Prioritizing and assigning work;
Preparing written reports of high complexity and keeping accurate records;
Operating a computer and applicable software applications;
Applying local, state and federal laws, rules and regulations;
Customer service; and
Communication, interpersonal skills as applied to interaction with coworkers, supervisor,
the general public, etc. sufficient to exchange or convey information and to receive work
direction.
ADA AND OTHER REQUIREMENTS:
Positions in this class typically require: standing, walking, fingering, talking, hearing, seeing
and repetitive motions. Some assignments may be characterized as Sedentary Work:
Exerting up to 10 pounds of force occasionally and/or a negligible amount of force
frequently or constantly to lift, carry, push, pull or otherwise move objects, including the
human body. Sedentary work involves sitting most of the time. Jobs are sedentary if
walking and standing are required only occasionally and all other sedentary criteria are
met.
NOTE: The above job description is intended to represent only the key areas of
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CLASS SPECIFICATION
Management Analyst
Rev. October 2018February 2020 7
responsibilities; specific position assignments will vary depending on the business needs of
the department.
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130
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CLASS SPECIFICATION
Manager
Rev. December 2019February 2020 1
CLASS SERIES BAND/GRADE/SUBGRADE FLSA STATUS
Management D61 – D65 Exempt
CLASS SUMMARY: This is the first level in a three-level Management Classification
Series. Managers oversee divisions and make interpretive decisions on behalf of the
organization regarding the means for executing the goals established by the relevant
leader, regulatory body or governing body, subject to constraints imposed by available
technology and resources. Such interpretive decisions provide context for the work to be
accomplished by subordinates supervised within the unit and/or designated programs
managed. Incumbents are responsible for the management of functions and budget
associated with an assigned unit/designated program and may be responsible for the
supervision of professional, technical and administrative support staff assigned to the
unit. Based upon assignment, managers may administer units/designated programs with
administrative functions requiring differing levels of risk to the organization while
providing for the across-the-board first level management necessary to execute the
process and projects of the organization.
DISTINGUISHING CHARACTERISTICS: Positions assigned to this classification are
responsible for assisting in the management and direction of a department by
supervising/overseeing the work of a City division. As assigned, incumbents supervise
staff including conducting performance evaluations; coordinating training; and
implementing hiring, discipline and termination procedures.
ESSENTIAL DUTIES: This class specification represents only the core areas of
responsibilities; specific position assignments will vary depending on the needs of the
department.
Oversees the development and implementation of programs, policies and
procedures for the division.
Supervises staff, as assigned, to include: prioritizing and assigning work;
conducting performance evaluations; ensuring staff are trained; ensuring that
employees follow policies and procedures; maintaining a healthy and safe working
environment; and making hiring, termination and disciplinary recommendations.
Administers and monitors the division’s budget, including allocating resources and
approving expenditures.
Assists the Director in developing and implementing department policies and
procedures.
Attends required meetings with the department director, city manager, other city
departments; other regulatory entities; public boards and commissions; reviews
and prepares reports, agenda items and other official correspondence for city
council and/or assigned boards/commissions; creates and makes presentations to
community organizations and city boards and commissions.
Performs other duties of a similar nature and level as assigned.
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CLASS SPECIFICATION
Manager
Rev. December 2019February 2020 2
POSITION SPECIFIC RESPONSIBILITIES:
Positions assigned to Accounting Manager may also be responsible for:
Purchasing, payroll, accounts receivables, accounts payables and associated report
preparation and records, or oversight of same;
Coordinating and taking the lead in the annual audit and preparation of the annual
CAFR;
Maintaining, balancing and reconciling the general ledger; preparing and verifying
financial statements, journal entries, and financial reports, or oversight of same;
managing and reconciling various subsidiary accounts;
Administering and overseeing CIP and grant accounting;
Overseeing and managing computerized accounting systems;
Assisting with the formulation and development of the annual budget; and
Assisting the Finance Director as needed with complex financial analysis.
Positions assigned to Assistant to the City Manager may also be responsible for:
Serving as the City’s Economic Development Manager;
Serving as the Housing Authority Coordinator;
Fostering intergovernmental, council, and community relations;
Overseeing significant (large/citywide) special projects;
Coordinating and managing the City’s Business Unit including legislative advocacy,
grant procurement, waste, franchise agreements, and information technology
functions;
Coordinating communications activities to foster understanding of City-wide vision,
strategic priorites, program goals, and services among the public and City
employees; and
Working closely with the Design & Development Department, facilitating
opportunities and partnerships with the community and businesses.
Positions assigned to Building Official may also be responsible for:
Review of building and construction plans for proper design and conformance with
codes and ordinances;
Approval and certification of final inspections;
Investigating complaints and potential violations of building codes/hazards and
issuing non-compliance notices; and
Non-structural plan checking and coordination of same.
Positions assigned to City Clerk may also be responsible for:
Performing all statutory duties of the City Clerk as set forth in the California
Government Code and La Quinta Municipal Code;
Attending all meetings of the City Council/Successor Agency/Oversight
Board/Financing Authority/Housing Authority and recording minutes thereof;
Directing the preparation of/preparing agendas, resolutions, ordinances and
written materials for the City Council/Successor Agency/Financing
Authority/Housing Authority/Oversight Board;
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CLASS SPECIFICATION
Manager
Rev. December 2019February 2020 3
Directing citywide editing and research services;
Providing administrative support to the City Council and City Manager;
Maintaining all official records of the city and the city’s records management
system;
Conducting recruitment for boards/commissions;
Conducting municipal elections and serving as Elections Official;
Maintaining the municipal code; and
Acting as Notary Public.
Positions assigned to Community Resources Manager may also be responsible for:
Contract management of the City’s marketing strategies (print and electronic);
Contract management for the Library and Museum operations;
Preparing and managing the recreation, wellness and large-scale community wide
events;
Operation and management of the La Quinta Wellness Center and programs;
Strategic planning and development of economic development efforts of the
Business Unit and partnership between relationships with city businesses and
community;
Oversight of the La Quinta Arts Foundation and La Quinta Chamber of Commerce
agreements; and
Overseeing Citywide Information Technology functions, contracts and
expenditures.
Positions assigned to Facilities Deputy Director may also be responsible for:
Oversight and management of City Facilities, Park/Landscape & Lighting, Street
Maintenance, and Traffic Operations divisions;
Contract management for the operation and maintenance of all City Facilities, Park
Maintenance, Landscape & Lighting District, Street Maintenance, and Traffic
Operations;
Management of the City’s Fleet Maintenance and Graffiti Abatement programs;
Interpretation and implementation of plans, manuals and specifications;
Periodic inspections of facilities (i.e. facilities, parks, streets, and rights-of-way);
Participation in plan review of new development, capital improvement programming
and value engineering studies;
Development and implementation of staff safety training and safe work practices;
Positions assigned to Hub Manager may also be responsible for:
Strategic development and implementation of the TRAKit and E-TRAKit software;
Coordinating efforts with other departments and divisions on integration of all
Customer Service Center functions and services;
Coordinating with Development, Building & Planning on TRAKit and E-TRAKit
integration into plan check, plan review and inspections efforts;
Overseeing the customization and integration of Short Term Vacation Rentals to
manage business licenses, permits and TOT collection; and
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CLASS SPECIFICATION
Manager
Rev. December 2019February 2020 4
Providing data regarding the Business and Building development.
Positions assigned to Human Resources Manager may also be responsible for:
Developing, maintaining and/or implementing affirmative action plan,
classification/compensation and employee benefit programs, employee training
and development programs, performance management, recruitment and selection
processes, and risk management/safety programs and associated insurance;
Assisting with the conduct of internal investigations or employee grievances and
recommending course of action; and
Representing the city in collective bargaining, including development and costing
of proposals.
Positions assigned to Marketing Manager may also be responsible for:
Manages and controls all marketing and branding assets through multiple vendors
and City services.
Leads public information for the City and community. Creation and execution
of City news, urgencies and services to the community.
Leads the promotion of the City’s Economic Development services by working with
the Assistant to the City Manager as well as the businesses in the City.
Controls all internal department brands to ensure all City brand standards are met.
Creates and reviews department collateral assets both internally and externally.
Manages and leads City’s tourism programs and services.
Interprets, advises, and understands council’s requests to create quicker and
efficient responses.
Positions assigned to Planning Manager may also be responsible for:
Overseeing the historic preservation, archaeological and paleontological provisions
of the municipal code;
Assisting with the preparation of development standards;
Overseeing and assisting with the Planning Division’s participation in the
development review process including reviewing subdivision plans for compliance
with the General Plan and zoning ordinances; and
Investigating and/or assisting with the resolution of planning problems, zoning
changes, text amendments, and language for specific plans and the General Plan.
Positions assigned to Public Safety Manager may also be responsible for:
Overseeing the Police, Fire and Emergency Operations functions with Riverside
County;
Overseeing the Code Compliance and Animal Control programs to include strategic
community outreach and education;
Administering the City’s neighborhood vitalization efforts through code compliance
and public safety partners;
Managing the City’s grants portfolio including securing grants, procurement, and
reconciliation with financial policies and Finance Department; and
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CLASS SPECIFICATION
Manager
Rev. December 2019February 2020 5
Overseeing the City’s franchise service providers for customer issues, revenue
calculations, and liaison on emergency related matters.
TRAINING AND EXPERIENCE: Bachelor’s degree and five (5) years’ experience related
to area of assignment. Or an equivalent combination of education and experience
sufficient to successfully perform the essential duties of the job such as those listed
above.
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CLASS SPECIFICATION
Manager
Rev. December 2019February 2020 6
LICENSING/CERTIFICATIONS:
As assigned, valid California Driver’s License may be required.
As assigned, California Professional Engineer (PE) License or ability to acquire it within
one year of employment.
As assigned, certification through the International Code Council (ICC) as a Building
Inspector and Building Official.
As assigned, certification as a Certified Access Specialist (CASp) through the Division
of State Architect.
As assigned, Certified Public Accounting (CPA) license desired, but not required.
Other professional certifications related to assignment deemed desirable at time of
recruitment.
KNOWLEDGE OF:
Managerial principles;
Supervisory principles;
Business administration principles;
Budgetary principles;
Applicable local, state and federal laws, rules and regulations;
Modern office equipment;
Organizational structure of the city and city services as they relate to area of
assignment;
Safe working practices, procedures and regulations;
Customer service principles; and
Contract preparation, administration and service evaluation.
Positions assigned to City Clerk also require knowledge of:
The Brown Act, Political Reform Act and California Elections Codes; and
Principles and practices related to municipal records management.
Positions assigned to Human Resources/Risk Management also require knowledge
of:
Modern human resources principles, methods, practices and techniques including
labor relations, employee relations, risk management, injury prevention, workers’
compensation, absence management, recruitment, selection, staff development and
training, classification, compensation, benefits administration, health and safety; and
Project management and research methodology.
Positions assigned to Maintenance also require knowledge of:
Maintenance operations, project management and cost control methods;
Pavement management systems and applicability to pavement maintenance; and
Landscaping practices, including scheduling, parks maintenance, turf management
and pest control.
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CLASS SPECIFICATION
Manager
Rev. December 2019February 2020 7
Positions assigned to Planning also require knowledge of:
Principles, methods, practices and techniques of urban planning and development
including demographic, environmental, social and economic land use concepts; and
Statistical and research methodology.
Positions assigned to Engineering also require knowledge of:
Advanced principles and practices of civil and structural engineering;
Administration as applied to the design and construction of public works facilities and
technical inspection services;
All types of building construction materials and methods, and of stages of construction
when possible violations and defects may be most easily observed and corrected;
City building and zoning codes and related laws and ordinances; and
The California Subdivision Map Act.
SKILL IN:
Supervising and evaluating employees;
Prioritizing and assigning work;
Assisting in the direction and management of operations;
Negotiating and conflict resolution;
Exercising independent judgment within organizational and legal frameworks;
Problem-solving, analysis and decision-making;
Applying local, state and federal laws, rules and regulations;
Public speaking;
Mathematical computations required for public budgeting, accounting and forecasting;
Operating a computer and relevant software applications;
Operating modern office equipment;
Communication, interpersonal skills as applied to interaction with subordinates,
coworkers, supervisor, the general public, etc. sufficient to exchange or convey
information, evaluate performance and provide and/or receive work direction.
ADA AND OTHER REQUIREMENTS: Positions in this class typically require: sitting,
standing, walking, fingering, grasping, talking, hearing, seeing and repetitive motions.
Positions involved in leadership of a field assignment may also require occasional pushing,
pulling, lifting, crouching, stooping or crawling.
Sedentary Work: Exerting up to 10 pounds of force occasionally and/or a negligible
amount of force frequently or constantly to lift, carry, push, pull or otherwise move
objects, including the human body. Sedentary work involves sitting most of the time.
Jobs are sedentary if walking and standing are required only occasionally and all other
sedentary criteria are met.
NOTE: The above job description is intended to represent only the key areas of
responsibilities; specific position assignments will vary depending on the business needs
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CLASS SPECIFICATION
Manager
Rev. December 2019February 2020 8
of the department.
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City of La Quinta
CITY COUNCIL MEETING: February 18, 2020
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE COMPREHENSIVE ANNUAL FINANCIAL
REPORT FOR YEAR ENDED JUNE 30, 2019
RECOMMENDATION
Receive and file the Comprehensive Annual Financial Report for the year
ended June 30, 2019.
EXECUTIVE SUMMARY
California cities must obtain an annual audit of their financial
statements by an independent auditor at close of each fiscal year.
The annual audit produces the Comprehensive Annual Financial Report
(CAFR) (Exhibit A) which was issued on February 7, 2020.
The independent auditors rendered an unmodified (“clean”) opinion;
which is the most favorable conclusion.
The Financial Advisory Commission (FAC) has been provided the CAFR
for review and a presentation will be provided on March 18, 2020.
FISCAL IMPACT - None
BACKGROUND/ANALYSIS
At the end of each fiscal year, the City’s financial records are audited by an
independent audit firm pursuant to California law. The results (including City
background information, statistical data, and detailed financial reports) are
compiled and presented in the CAFR.
In the independent auditors’ report (located at the front of the financial
section of the CAFR), Eide Bailly Certified Public Accountants issued an
“unmodified” opinion on the City’s financial statements for the year ended
June 30, 2019, which is the most favorable conclusion. The independent
audit involved examining evidence supporting the amounts and disclosures
in the financial statements, assessing the accounting principles used and
BUSINESS SESSION ITEM NO. 2
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estimates made by management, and evaluating the overall financial
statement presentation.
The 18/19 Comprehensive Annual Financial Report Summary (Attachment 1)
provides a summary of CAFR which is in Exhibit A.
The Financial Advisory Commissioner’s have been provided a copy of the
CAFR and a presentation will follow on March 18, 2020. In addition, a copy
of the CAFR can be found on the City’s website. The auditors did not report
any internal control deficiencies over financial reporting, compliance and
other matters. The CAFR has been submitted to the GFOA (Government
Finance Officer Association) award program for excellence in financial
reporting.
A Single Audit for fiscal year 2018/19 – a separate audit requirement under
Federal law for entities that spend $750,000 or more in federal funds during
a fiscal year will be issued in March 2020.
ALTERNATIVES
The CAFR and audit are required by State law, therefore, no alternatives are
recommended.
Prepared by: Karla Romero, Finance Director
Approved by: Jon McMillen, City Manager
Attachment 1: 2018/19 Comprehensive Annual Financial Report Summary
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2018/19 Comprehensive Annual Financial Report
(CAFR) Summary
The 2018/19 CAFR (Exhibit A) contains numerous comprehensive financial reports
pertaining to all aspects of the City’s finances and includes financial statements for all City
funds (general, special revenue, housing, capital project, internal service, and other fund
types). The CAFR also contains information regarding the City’s accounting methods and
procedures, and the results of the independent audit. Financial information is conveyed
both by major fund type and in a comprehensive manner; thus, the information is
somewhat complex to interpret. Because of this, specific detailed information regarding
the General Fund year-end budget results for 2018/19 was presented separately at the
November 5, 2019 Council meeting.
The Management Discussion and Analysis section (starting on page 4) provides an
overview and analysis of the financial statements, which is useful when reading through
the CAFR. In addition, the Notes to the Basic Financial Statements (pages 32 to 73)
provide a written explanation of accounting methods and year-over-year changes. The
Statistical Section (pages 131 to 166) presents a ten-year comparison of City financial,
economic, and demographic trends.
Typically, financial statements are issued prior to December 30th of each calendar year for
the previous fiscal year. For 2018/19, the City requested and was granted an extension
to file the CAFR. An extension was needed to ensure all required Government Accounting
Standards Board (GASB) pronouncements were implemented, some requiring third-party
actuarial analysis for the reporting of pension and retiree health benefit liabilities. In
addition, during the Summer of 2019, the City’s current auditing firm (Vavrinek, Trine,
Day, & Co, LLP) joined Eide Bailly with the merger implementation occurring in the Fall of
2019 (during audit season). This resulted in additional pressures on the audit team and
in turn delayed the City’s audit.
Responsibility for both the accuracy and the completeness of all disclosure’s rests with the
City of La Quinta. To the best of our knowledge and belief, the enclosed data is accurate
in all material respects and is reported in a manner designed to fairly present the financial
position and results of City operations.
This CAFR was prepared in conformance with Generally Accepted Accounting Principles
(GAAP). The City’s financial reporting is based upon all Governmental Accounting
Standards Board (GASB) pronouncements. Eide Bailly LLP, Certified Public Accountants,
has issued an unmodified (“clean”) opinion on the City’s financial statements for the year
ended June 30, 2019. This is the most favorable conclusion.
We believe that the CAFR meets the Certificate of Achievement Program’s requirements
and have submitted it to the Government Finance Officer’s Association to determine its
eligibility for another certificate.
ATTACHMENT 1
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Significant Changes and Financial Highlights
Governmental Revenues and Expenses
Governmental Activities include 30 individual governmental funds. There are four (4)
major governmental funds: the General Fund, two (2) capital project funds, and one
special revenue fund. Data from the other twenty-six (26) governmental funds are
combined into a single, aggregate presentation.
When compared to the prior year, revenues overall increased by $9,350,370 with the
largest increase, $4,346,959, being Investment Income. During 2018/19, most capital
projects were in design phase with larger construction expenditures beginning in June of
2019. This caused the portfolio investment balance to increase, thereby yielding greater
returns. In turn, expenditure decreases of $13,002,906 are also largely attributed to
multi-year capital projects in design phase. Capital improvement project carryovers from
2018/19 to 2019/20 totaled $11,853,162; a $6,856,347 increase when compared to the
prior fiscal year.
Governmental Fund Balances
The focus of the City’s governmental funds is to provide information on near-term
inflows, outflows, and balances. Such information is useful in assessing the City's
financing requirements. In particular, unassigned fund balance may serve as a useful
measure of a government's net resources available for spending at the end of the
fiscal year. The unassigned General Fund balance comprised $16,228,627, or 14%, of the
total $117,637,847 balance and represented 22% of total final 2018/19 General Fund
budgeted expenditures including transfers and multi-year capital projects
.
As of the end of 2018/19, the City's governmental funds reported combined ending fund
balances of $160,521,781 as follows:
2018/19 Governmental Fund Balances
The greatest year-over-year changes reflect the prudent decision to write-off five interfund
loans, which overstated receivables in the General Fund and caused negative unassigned
fund balances in several other special funds. The $15,017,126 write-off is discussed on
Note 19 (page 72) of the CAFR.
Category General Fund Percent All Other Funds Percent Total Funds Percent
Nonspendable 33,683,942$ 29%386$ 0.001% 33,684,328$ 21%
Restricted 6,540,000 6% 44,815,499 105% 51,355,499 32%
Committed 31,745,300 27%- 0% 31,745,300 20%
Assigned 29,439,978 25%- 0% 29,439,978 18%
Unassigned 16,228,627 14% (1,931,951) -5% 14,296,676 9%
TOTAL 117,637,847$ 100% 42,883,934$ 100% 160,521,781$ 100%
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When compared to 2017/18, total governmental fund balance increased by $10,840,781.
2017/18 Governmental Fund Balances
An increase in restricted fund balances reflects the establishment of a Pension Trust. An
increase of $9.5 million in Assigned Reserves derives from multi-year capital projects
and Measure G sales tax reserves increasing.
Outstanding Debt
Total governmental activities debt decreased by $1,774,783 during 2018/19, due to two
final payments: $1,125,000 for land acquisition (Eisenhower Drive retention basin) and a
1996 Civic Center revenue bond payment of $650,000.
As of 2018/19, the Net Pension
Liability is reported as an
outstanding debt and the General
Fund has no outstanding bond
obligations.
As of June 30, 2019, the Section
115 Pension Trust had a balance
of $6,540,000. The trust sets
aside monies to fund the City’s
pension obligations.
Contributions to the trust are irrevocable and assets are protected from creditors. The
purpose of the trust is to address the City’s pension obligations by accumulating assets
to reduce the net pension liability. However, asset in the trust are recorded as restricted
balances until they are transferred to the pension plan (CalPERS).
Additional information on long-term debt can be found in Note 5 of the financial
statements, Note 8 describes the City’s Pension Plan, and Note 11 discusses the Section
115 Trust.
Other Post-Employment Benefit Plan (OPEB)
In contrast to the Net Pension Liability, the OPEB Trust established to fund retiree health
benefits, had a balance of $1,521,314 which reduces the OPEB liability ($1,515,298) and
Category General Fund Percent All Other Funds Percent Total Funds Percent
Nonspendable 52,976,449$ 44% -$ 0% 52,976,449$ 36%
Restricted - 0% 39,263,604 141% 39,263,604 26%
Committed 29,726,500 24% - 0% 29,726,500 20%
Assigned 19,921,112 16% - 0% 19,921,112 13%
Unassigned 19,199,506 16% (11,405,877) -41% 7,793,629 5%
TOTAL 121,823,567$ 100% 27,857,727$ 100% 149,681,294$ 100%
Debt Type:2018 2019
Capital Leases 667,035$ 757,971$
Compensated Absences 823,842 941,955
Land Acquisition Note Payable 1,125,000 -
Revenue Bonds 650,000 -
Net Pension Liability 12,612,523 12,403,691
TOTAL 15,878,400$ 14,103,617$
Governmental Activities
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is reported as an asset balance of $6,016. Additional information on OPEB can be found
in Note 10 of the financial statements.
Major Capital Improvements
The Capital Improvement Fund is primarily used to record the expenditures for capital
projects. The fund had thirty-five (35) active Capital Improvement Projects during
2018/19. The five most active projects were:
Washington Street Apartments rehabilitation and expansion ($8,380,000)
Citywide drainage improvements ($1,545,000)
Madison Street widening from Avenue 50 to 52 ($1,508,000)
Pavement Management Plan street improvements ($1,075,000)
North La Quinta landscape improvements ($672,000)
Long-term Financial Planning
Sound financial governance continues to be management’s focus. The City has a long
history of providing superior service, life enrichment opportunities, and a quality
environment to its residents, businesses, and visitors.
The City ensures that its long-range goals are met through a variety of Boards and
Commissions. Each is comprised of Council appointed residents, may include a City Council
representative, and are supported by City staff. In addition, the City has adopted various
financial policies and practices with the goal of sustaining a fiscally resilient government
over the long-term, improving fiscal sustainability, as well as increasing transparency and
encouraging public engagement.
As of June 30, 2019 reserves are 82% funded with a balance of $37.5 million and a goal
of being fully funded by June 30, 2021. In addition, the City paid off a 1996 Civic Center
general obligation bond. La Quinta has established and funded Other Post Employment
Benefit and Pension Trusts and is conducting a regional assessment on police services to
identify long-term savings.
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2018/19 COMPREHENSIVE
ANNUAL FINANCIAL REPORT
FISCAL YEAR ENDED JUNE 30, 2019
C i t y o f L a Qu i n ta L a Qu i n ta , Ca l i fo r n i a
EXHIBIT A
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CITY OF LA QUINTA, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FISCAL YEAR ENDED JUNE 30, 2019
Prepared by the Finance Department
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CITY OF LA QUINTA, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED JUNE 30, 2019
TABLE OF CONTENTS
Page
INTRODUCTORY SECTION
Letter of Transmittal ............................................................................................................................ i
List of Principal Officers ..................................................................................................................... vi
Organizational Chart .......................................................................................................................... vii
Certificate of Achievement for Excellence in Financial Reporting (GFOA) ....................................... viii
FINANCIAL SECTION
Independent Auditor’s Report .............................................................................................................. 1
Management's Discussion and Analysis ............................................................................................... 4
BASIC FINANCIAL STATEMENTS
Government-wide Financial Statements
Statement of Net Position ............................................................................................................... 17
Statement of Activities ................................................................................................................... 18
Fund Financial Statements
Balance Sheet – Governmental Funds ............................................................................................. 20
Reconciliation of the Balance Sheet of
Governmental Funds to the Statement of Net Position .................................................................. 22
Statement of Revenues, Expenditures and Changes in Fund Balances of
Governmental Funds .................................................................................................................... 23
Reconciliation of Statement of Revenues, Expenditures and Changes
In Fund Balances of Governmental Funds to the Statement of Activities ....................................... 25
Statement of Net Position – Proprietary Funds ................................................................................ 26
Statement of Revenues, Expenses and Changes in
Fund Net Position – Proprietary Funds ......................................................................................... 27
Statement of Cash Flows – Proprietary Funds ................................................................................. 28
Statement of Fiduciary Net Position – Fiduciary Funds ................................................................... 30
Statement of Changes in Fiduciary Net Position – Fiduciary Funds................................................. 31
Notes to the Basic Financial Statements ............................................................................................. 32
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CITY OF LA QUINTA, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED JUNE 30, 2019
TABLE OF CONTENTS
(Continued)
Page
REQUIRED SUPPLEMENTARY INFORMATION:
Budgetary Comparison Schedules:
General Fund ............................................................................................................................ 74
Housing Authority Special Revenue Fund ................................................................................. 75
Schedule of Proportionate Share of the Net Pension Liability – Miscellaneous Plan ........................ 76
Schedule of Plan Contributions – Miscellaneous Plan ..................................................................... 77
Schedule of Changes in the Net OPEB Liability/(Asset) and Related Ratios ................................... 78
Schedule of OPEB Contributions ................................................................................................... 79
Note to Required Supplementary Information ................................................................................. 80
COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES
Combining Balance Sheet – Nonmajor Governmental Funds .......................................................... 83
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances – Nonmajor Governmental Funds ...................................................... 90
Budgetary Comparison Schedules – Special Revenue Funds
State Gas Tax ............................................................................................................................. 97
Library and Museum ................................................................................................................... 98
Federal Assistance ...................................................................................................................... 99
SLESA ..................................................................................................................................... 100
Lighting and Landscaping ......................................................................................................... 101
Quimby .................................................................................................................................... 102
Public Safety ............................................................................................................................ 103
Art in Public Places .................................................................................................................. 104
South Coast Air Quality ............................................................................................................ 105
AB 939 ..................................................................................................................................... 106
Development Agreement .......................................................................................................... 107
Law Enforcement ..................................................................................................................... 108
Justice Assistance Grant............................................................................................................ 109
Measure A ................................................................................................................................ 110
Economic Development ............................................................................................................ 111
AB 1379 ................................................................................................................................... 112
Budgetary Comparison Schedules – Capital Projects Funds
Capital Improvement ................................................................................................................ 113
Civic Center ............................................................................................................................. 114
Infrastructure ............................................................................................................................ 115
Transportation .......................................................................................................................... 116
Parks and Recreation ................................................................................................................ 117
Library Development ................................................................................................................ 118
Community Center ................................................................................................................... 119
Street Facility ........................................................................................................................... 120
Park Facility ............................................................................................................................. 121
Fire Facility .............................................................................................................................. 122
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CITY OF LA QUINTA, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED JUNE 30, 2019
TABLE OF CONTENTS
(Continued)
Page
Budgetary Comparison Schedules – Debt Service Funds
Financing Authority .................................................................................................................. 123
Combining Statement of Net Position – Internal Service Funds ................................................. 125
Combining Statement of Revenues, Expenses and Changes
in Fund Net Position – Internal Service Funds ......................................................................... 126
Combining Statement of Cash Flows – Internal Service Funds .................................................. 127
Combining Statement of Net Position – All Agency Funds........................................................ 129
Combining Statement of Changes in Assets and Liabilities – All Agency Funds ........................ 130
STATISTICAL SECTION
Net Position by Component (Table 1) ............................................................................................. 132
Changes in Net Position (Table 2) ................................................................................................... 134
Changes in Net Position – Governmental Activities (Table 3) ......................................................... 136
Changes in Net Position – Business-type Activities (Table 4) .......................................................... 139
Fund Balances of Governmental Funds (Table 5) ............................................................................ 140
Changes in Fund Balances of Governmental Funds (Table 6) .......................................................... 142
Tax Revenue by Source (Table 7) ................................................................................................... 144
Top 25 Sales Tax Producers (Table 8) ............................................................................................. 145
Taxable Sales by Category (Table 9) ............................................................................................... 147
Assessed Value and Estimated Actual Value of Taxable Property (Table 10) ................................... 149
Direct and Overlapping Property Tax Rates (Table 11) .................................................................... 150
Principal Property Taxpayers (Table 12) ......................................................................................... 152
Property Tax Levies and Collections (Table 13) .............................................................................. 153
Ratios of Outstanding Debt by Type (Table 14) ............................................................................... 154
Ratio of General Bonded Debt Outstanding (Table 15) .................................................................... 156
Direct and Overlapping Debt (Table 16) .......................................................................................... 157
Legal Debt Margin Information (Table 17) ...................................................................................... 158
Pledged-Revenue Coverage (Table 18)............................................................................................ 160
Demographic and Economic Statistics (Table 19) ............................................................................ 161
Principal Employers (Table 20) ....................................................................................................... 162
Full-time City Employees by Function (Table 21) ........................................................................... 163
Operating Indicators by Function (Table 22) ................................................................................... 164
Capital Asset Statistics by Function (Table 23)................................................................................ 165
Schedule of Insurance in Force (Table 24)....................................................................................... 166
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February 7, 2020
To the Citizens of La Quinta, and the Honorable Mayor and Members of the City Council:
It is with great pleasure that we present to you the Comprehensive Annual Financial Report
(CAFR) of the City of La Quinta for the fiscal year ending June 30, 2019. The CAFR has been
prepared by the Finance Department for the benefit of City Council members, citizens,
investors, grantors, employees, and others who may have an interest in the financial well-
being of the City.
The CAFR presents information regarding the City’s financial activities. This transmittal
letter provides a non-technical summary of the City’s finances, services, achievements, and
economic outlook. A more detailed analysis is presented in the Management’s Discussion
and Analysis section (MD&A) that immediately follows the independent auditor’s report. The
MD&A provides an overview and analysis of the basic financial statements and complements
this transmittal.
Responsibility for both the accuracy and the completeness of all disclosures rests with the
City of La Quinta. To the best of our knowledge and belief, the enclosed data is accurate in
all material respects and is reported in a manner designed to fairly present the financial
position and results of City operations. Supplementary disclosures are included to
summarize the City’s financial activities.
This CAFR was prepared in conformance with Generally Accepted Accounting Principles
(GAAP). The City’s financial reporting is based upon all Governmental Accounting Standards
Board (GASB) pronouncements.
Eide Bailly LLP has issued an unmodified (“clean”) opinion on the City’s financial statements
for the year ended June 30, 2019. This is the most favorable conclusion. The independent
auditor’s report is located at the front of the financial section. The independent audit
involved examining evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and estimates made by management,
and evaluating the overall financial statement presentation and conformity with GAAP.
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Government Profile
The City of La Quinta is located 120 miles east of Los Angeles in the eastern portion of
Riverside County known as the Coachella Valley. The City has a permanent population of
approximately 42,000, within a boundary of 36 square miles. Each year nearly 18,000
seasonal residents also call La Quinta home from October through May. The City sits at the
base of the Santa Rosa Mountains and is an integral part of the Coachella Valley’s world-
renowned resort and retirement area.
The City was incorporated in 1982 as a general law City and became a charter city in
November 1996. It is governed by a five-member City Council under the Council/Manager
form of government. The Mayor is directly elected, serves a two-year term, and represents
the City at many public functions; the four Council Members serve four-year terms, with
two Council Members elected every two years. The Mayor and Council Members are elected
at large and also serve as the Board of Directors of the Housing and Finance Authorities.
The Council appoints the City Manager, who in turn appoints the Directors of the various
departments except for the City Attorney who is appointed by the Council. The Finance
Director also serves as the City/Housing Authority Treasurer and the City Manager is also
the Executive Director of the Housing Authority.
The City provides a range of services, which include street and infrastructure construction
and maintenance; community development and planning; affordable housing programs;
code compliance; recreational and cultural activities; and operations management.
The City contracts with other government agencies and private entities for specific services,
including police and fire protection, library and museum services, water and sewer service,
electricity service, public transit, refuse collection, and street sweeping.
The City’s annual operating and capital improvement budgets are adopted by resolutions
for the fiscal year that begins July 1st. Separate resolutions are adopted by the City Council
and Board of Directors of the Housing and Finance Authorities.
The annual budget is the foundation for the City’s financial planning and control. The budget
is prepared by fund, function, department, and line item. Department Directors may transfer
line item resources within a division with the approval of the City Manager. The City
Manager may authorize transfers between divisions and departments.
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Local Economy
According to the State of California Employment Development Department, as of November
2019, the unadjusted unemployment rate for La Quinta was 3.5%, which was lower than
adjusted rates for Riverside County’s at 3.8% and the statewide average of 3.7%. The City’s
dominant industries are recreation, tourism, and retailers, with the following being major
employers: La Quinta Resort and Club, Desert Sands Unified School District, Wal-Mart Super
Center, Costco, Home Depot, Imperial Irrigation District, Lowe’s Home Improvement,
Target, and Traditions Golf Club.
The City is committed to retaining and attracting new revenue-generating businesses. In
2019, the City welcomed Marvyn’s Magic Theater, Tuscano’s BrewQuinta, Planet Fitness,
and Floor and Decor; along with the expansion of the popular Okura restaurant.
Long-term Financial Planning
Sound financial governance continues to be management’s focus. The City has a long
history of providing superior service, life enrichment opportunities, and a quality
environment to its residents, businesses, and visitors. La Quinta, like every other
municipality in the State, is faced with rising pension and public safety costs, among other
economic challenges. La Quinta is addressing these costs by establishing and funding Other
Post Employment Benefit and Pension Trusts and conducting a regional assessment on
police services to identify long-term savings.
The City ensures that its long-range goals are met through a variety of Boards and
Commissions. Each is comprised of Council appointed residents, may include a City Council
representative, and are supported by City staff. In addition, the City has adopted various
financial policies and practices with the goal of sustaining a fiscally resilient government
over the long-term, improving fiscal sustainability, as well as increasing transparency and
encouraging public engagement.
In 2018/19, the General Fund’s non-spendable fund balance decreased by $19 million. The
decrease reflects the write-off of five interfund loans as described in Note 19 of the financial
statements. In addition, 2017/18 Pension Trust committed reserves of $2,000,000 were
utilized and augmented with an additional $4,540,000 for a total of $6,540,000 to establish
and fund a pension trust, which in 2018/19 is recognized as a restricted fund balance. In
May 2018, the City adopted a Reserve Policy and as of June 30, 2019 reserves are 82%
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funded with a balance of $37.5 million and a goal of being fully funded by June 30, 2021.
In addition, the City paid off a 1996 Civic Center general obligation bond.
In June 2019 the City Council adopted a conservative budget for fiscal year 2019/20 based
on current economic conditions. The adopted budget had operating revenues exceeding
expenses by $292,300. Included in the 2019/20 budget were $21.2 million of capital
improvements with 28% ($7,446,100) of these funds coming from the General Fund and
47% ($9,898,600) from grants. Improvements include parkway landscape turf conversions
north of Highway 111, drainage improvements, and road and sidewalk improvements to
decrease vehicle congestion and improve walkability. New community amenities include an
event space at SilverRock, a Village Art Plaza Promenade, and a Skate Park.
La Quinta has cultivated a sound foundation of General Fund revenues including sales tax,
transient occupancy (hotel) tax, and property tax. The City was incorporated in 1982 after
Proposition 13 was approved (the landmark property tax reform initiative enacted in 1978);
as such, the City receives a smaller share of property tax revenue and must rely heavily on
sales tax and transient occupancy (hotel) tax revenue for General Fund income.
The Future
The luxury Montage and lifestyle Pendry hotels are under construction. The development is
adjacent to the SilverRock Golf Resort and includes a spa, conference center, lifestyle
branded residential, resort and mixed-use villages, and a golf clubhouse. Concurrently, the
City is constructing a 14-acre event site and passive community park adjacent to this
development. The park will feature rolling hills, water features, meandering walkways, and
360-degree breathtaking views. A Residence Inn is also under construction on Highway 111.
The Highway 111 business corridor is a two mile-long, 400-acre regional commercial hub
at the center of the City, with daily traffic exceeding 40,000 vehicles, and accounts for
nearly 80% of the City’s annual sales tax revenue. A visionary assessment of the corridor
was completed in the Fall of 2019. The assessment produced a Highway 111 Corridor Plan
(Plan) which identifies design and aesthetic opportunities to promote business visibility and
access, emerging technology, mixed use development, future land-use, and development
strategies. The Plan includes a community supported vision and guiding principles that
encourage a vibrant and walkable area. In 2020, the City will begin to implement the various
priorities identified in the Plan.
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CV Link, a 49-mile long regional, multimodal pathway is under construction and will link
Palm Springs to Thermal. CV Link is anticipated to attract 13,500 to 16,000 pedestrians,
bicyclists, and other users annually. The pathway will run north of the Highway 111 corridor
and supports new business opportunities.
Awards and Acknowledgements
The Government Finance Officers Association of the United States and Canada (GFOA)
awarded a Certificate of Achievement for Excellence in Financial Reporting to the City for its
CAFR for the fiscal year ended June 30, 2018. This was the twenty-second consecutive year
that the City received this prestigious award. To be awarded a Certificate of Achievement,
the City had to publish an easily readable and efficiently organized CAFR.
A Certificate of Achievement is valid for one year. We believe that our current CAFR
continues to meet the Certificate of Achievement Program’s requirements and we are
submitting it to the GFOA to determine its eligibility for another certificate.
We would like to express our appreciation to the City Council for their ongoing oversight of
the financial affairs of the City and their prudent fiscal, economic, and land use policy and
direction. We also thank City staff with special appreciation to the Finance Department for
their continued effort to provide accurate financial data and the preparation of this report.
Respectfully Submitted,
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City of La Quinta
List of Principal Officers
June 30, 2019
CITY COUNCIL
Linda Evans, Mayor
Steve Sanchez, Mayor Pro Tem
Kathleen Fitzpatrick, Council Member
John Peña, Council Member
Robert Radi, Council Member
ADMINISTRATION
Jo n McMillen, City Manager
Karla Romero, Finance Director/ City Treasurer
Christopher Escobedo, Community Resources Director
Danny Castro, Design and Development Director
Gilbert Villalpando, Acting Facilities Deputy Director
Monika Radeva, City Clerk
William H. Ihrke, City Attorney
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1
Independent Auditor’s Report
The Honorable Mayor and Members of City Council
City of La Quinta, California
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, business-type activities,
each major fund, and the aggregate remaining fund information of the City of La Quinta, California, (City), as of
and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively
comprise the City’s basic financial statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes the
design, implementation, and maintenance of internal control relevant to the preparation and fair presentation
of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our
audit in accordance with auditing standards generally accepted in the United States of America and the
standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller
General of the United States. Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation
of the financial statements in order to design audit procedures that are appropriate in the circumstances, but
not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly,
we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used
and the reasonableness of significant accounting estimates made by management, as well as evaluating the
overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinions.
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Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective
financial position of the governmental activities, business-type activities, each major fund, and the aggregate
remaining fund information of the City, as of June 30, 2019, and the respective changes in financial position,
and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles
generally accepted in the United States of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s
discussion and analysis, schedule of the City’s proportionate share of the net pension liability, schedule of
pension plan contributions, schedule of changes in the net OPEB liability/(asset) and related ratios, schedule of
OPEB contributions, budgetary comparison schedules for the General Fund and Housing Authority special
revenue fund and the related notes, as listed on the table of contents, be presented to supplement the basic
financial statements. Such information, although not a part of the basic financial statements, is required by the
Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for
placing the basic financial statements in an appropriate operational, economic, or historical context. We have
applied certain limited procedures to the required supplementary information in accordance with auditing
standards generally accepted in the United States of America, which consisted of inquiries of management
about the methods of preparing the information and comparing the information for consistency with
management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained
during our audit of the basic financial statements. We do not express an opinion or provide any assurance on
the information because the limited procedures do not provide us with sufficient evidence to express an opinion
or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the City's basic financial statements. The introductory section, combining and individual fund
statements and schedules, and statistical section are presented for purposes of additional analysis and are not a
required part of the basic financial statements.
The combining and individual fund statements and schedules are the responsibility of management and were
derived from and relates directly to the underlying accounting and other records used to prepare the basic
financial statements. Such information has been subjected to the auditing procedures applied in the audit of
the basic financial statements and certain additional procedures, including comparing and reconciling such
information directly to the underlying accounting and other records used to prepare the basic financial
statements or to the basic financial statements themselves, and other additional procedures in accordance with
auditing standards generally accepted in the United States of America. In our opinion, the combining and
individual fund statements and schedules are fairly stated, in all material respects, in relation to the basic
financial statements as a whole.
The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit
of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on
them.
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Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated February 7, 2020, on
our consideration of the City’s internal control over financial reporting and on our tests of its compliance with
certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that
report is solely to describe the scope of our testing of internal control over financial reporting and compliance
and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control
over financial reporting or on compliance. That report is an integral part of an audit performed in accordance
with Government Auditing Standards in considering the City’s internal control over financial reporting and
compliance.
Riverside, California
February 7, 2020
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MANAGEMENT DISCUSSION
AND ANALYSIS
(UNAUDITED)
This narrative provides an overview and analysis of the City of La Quinta’s (City)
financial activities for the fiscal year ending June 30, 2019. The City Executive
Team encourages readers to consider this information in conjunction with the
data provided in our transmittal letter, which is in an earlier section of this report.
All amounts, unless otherwise indicated, are rounded to the nearest thousands
of dollars and dates are represented by fiscal year.
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HIGHLIGHTS
At the close of 2018/19 (June 30, 2019):
• The total assets and deferred outflows of the City exceeded its total
liabilities and deferred inflows at the close of the fiscal year 2018/19
by $746,237,000 (net position). Of this amount, $138,824,000 (unre-
stricted net position) may be used to meet ongoing obligations and
approximately $562,598,000 or 75% was invested in capital assets and
is not available to meet ongoing obligations.
• Governmental activities total net position increased by $21,552,000
and the Business-Type total net position increased by $5,233,000
which is attributable to the SilverRock Golf Course.
• Governmental funds (General Fund, Housing Authority, Capital
Improvement Fund, Civic Center Fund, seventeen (17) Special
Revenue Funds, eight (8) capital projects funds, and the Finance
Authority Fund) had a combined ending fund balance of $160,522,000,
an increase of $10,840,000. The primary reasons for this increase are
the establishment of a Pension Trust ($6,540,000), an extraordinary
gain of $993,000 derived from the Redevelopment loan repayment, the
write-off of five interfund loans, and a $2,550,000 increase in transient
occupancy hotel and sales taxes combined.
• The unassigned General Fund balance comprised $16,229,000, or
14%, of the total $117,638,000 balance and represented 22% of total
final General Fund budgeted expenses including transfers and multi-
year capital projects.
• Total governmental activities debt decreased by $1,774,000 from
$15,878,000 to $14,104,000. In 2018/19, the Eisenhower Drive
retention basin land purchased for drainage improvements and the
1996 Civic Center Revenue Bonds were paid in full. (Note 5)
OVERVIEW
Government-Wide Financial Statements
The government-wide financial statements provide a broad overview of the
City’s finances. There are two statements – statement of net position and
statement of activities, as described below.
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The statement of net position presents information on all City assets and
deferred outflows of resources as well as liabilities, and deferred inflows of
resources, with the difference between the two reported as net position.
Over time, increases or decreases in net position may serve as a useful
indicator of whether the City’s financial position is improving or
deteriorating.
The statement of activities presents information showing how the
government's net position changed during the most recent fiscal year.
All changes in net position are reported as soon as the underlying event
occurs giving rise to the change, regardless of the timing of related cash
flows. Thus, revenues and expenses are reported in this statement for
some items that will only result in cash flows in future fiscal periods,
for example, earned but unused vacation leave.
Both of these government-wide financial statements distinguish City
functions, which are principally supported by taxes, fees, and
intergovernmental revenues (governmental activities) from other
functions that are intended to recover all or a significant portion of
their costs through user charges (business-type activities).
Governmental activities include general government, public safety,
community services, community development and public works;
business-type activities include the SilverRock Golf course operations.
The government-wide financial statements include not only the City of
La Quinta (known as the primary government), but also the La Quinta
Financing Authority and the La Quinta Housing Authority. Although
legally separate entities, they function for all practical purposes as City
departments.
The government-wide financial statements are listed in the table of
contents under the Financial Section of this report.
Fund Financial Statements
A fund is a grouping of related accounts and is used t o maintain control
over resources that have been segregated for specific activities or
objectives. The City, like other state and local governments, uses fund
accounting to ensure compliance with finance-related legal
requirements. All City’s funds are aggregated into three categories:
governmental funds, proprietary funds, and fiduciary funds.
Government Funds
Governmental funds are used to account for essentially the same
functions reported as governmental activities in the government-wide
financial statements. However, unlike the government-wide financial
statements, governmental fund financial statements focus on near-
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t erm inflows and outflows of spendable resources, as well as on balances
of spendable resources available at the end of the fiscal year. Such
information may be useful in evaluating a government's near-term
financing requirements.
Because the focus is narrower than the government-wide financial
statements, it is useful to compare this information with similar
information presented for governmental activities in the government-
wide financial statements. By doing so, readers may better understand
the long-term impact of the government's near-term financing
decisions. Both the governmental fund balance sheet and the
governmental fund statement of revenues, expenditures, and changes
in fund balances provide a reconciliation to facilitate this comparison
between governmental funds and governmental activities.
The City maintains thirty (30) individual governmental funds, which are
distinguished between major and non-major funds. Information is
presented separately in the governmental fund balance sheet and in the
governmental fund statement of revenues, expenditures, and changes
in fund balances. There are four (4) major governmental funds: the
General Fund, two (2) capital project funds, and one special revenue
fund. Data from the other twenty-six (26) governmental funds are
combined into a single, aggregate presentation. Individual fund data for
each of these non-major governmental funds is provided in the form of
combining statements under Other Governmental Funds.
The City adopts an annual budget for its General Fund. A budgetary
comparison schedule has been provided to demonstrate compliance with
the adopted budget.
The basic governmental fund financial statements can be found in the
table of contents under the heading Basic Financial Statements.
Proprietary Funds
Proprietary funds are broken down into enterprise and internal service
funds. Enterprise funds are used to report the same functions presented
as business-type activities in the government-wide financial statements.
The City maintains one (1) enterprise fund to account for the SilverRock
Golf Course operations, which is considered to be a major fund.
Internal service funds are used to allocate costs among the City’s various
functions. The City has four (4) internal service funds: vehicles,
information technology systems, park equipment and facilities, and
insurance. Because these four (4) services predominantly benefit
governmental rather than business-type functions, they have been
included within governmental activities in the government-wide financial
statements. The internal service funds are combined into a single,
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aggregated presentation in the proprietary fund financial statements.
Individual fund data for the internal service funds is provided in the form
of combining statements on the Combining and Individual Fund
Statements.
The basic proprietary fund financial statements are listed in the table of
contents under Proprietary Funds: Statement of Net Position, Statement of
Revenues, Expenses and Changes in Fund Net Position, and Statement of
Cash Flows.
Fiduciary Funds
Fiduciary funds, also called agency funds, are used to account for resources
held for the benefit of parties outside the government. Fiduciary funds are
not reflected in the government-wide financial statements because the
resources of those funds are not available to support the City’s own
programs. The accounting used for fiduciary funds is much like that used
for proprietary funds.
The City reports on three fiduciary funds: 1) Successor Agency Trust which
provides for activities associated with the dissolution of the former
Redevelopment Agency, 2) Defined Contribution Pension Trust established
to provide retirement benefits and 3) Agency Funds.
The basic fiduciary fund financial statements are listed in the table of
contents under Fiduciary Funds: Statement of Net Position – Fiduciary
Funds and Changes in Net Position – Fiduciary Funds.
Notes to the Financial Statements
The notes to the financial statements provide information that is essential
to obtain a full understanding of the data provided in the government-wide
and fund financial statements. These notes are listed in the table of contents
under Notes to Basic Financial Statements.
Other Information
In addition to the basic financial statements and accompanying notes, this
report also presents the combining statements referred to earlier in
connection with non-major governmental funds, internal service funds, and
agency funds. The non-major governmental funds’ combining statements
are presented immediately following the Required Supplementary
Information while the combined statements for the internal service funds
and agency funds are presented following the budgetary comparison
schedules for the debt service funds.
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Government-Wide Financial Analysis
As noted earlier, net position may serve over time as a useful indicator of a
government's financial position. In the case of the City, assets and deferred
outflows of resources exceeded liabilities and deferred inflows of resources
by $746,237,000 at the close of the 2018/19, which is $26,785,000 more
than the previous year. Increases were reflected in all three categories;
capital assets, restricted, and unrestricted net position for governmental
activities.
The largest portion of the City’s Net Position ($562,598,000 or 75% for
2018/19 and $554,499,000 or 77% for 2017/18) reflects investment in
capital assets (e.g., land, buildings; machinery, and equipment), net of
related debt. The City uses these capital assets to provide services to
citizens; consequently, these assets are not available for future spending.
However, it should be noted that the resources needed to repay the related
debt must be provided from other sources, since the capital assets
themselves cannot be used to liquidate debt.
Ci t y of La Quinta Net Position
An additional portion of the City's net position ($44,815,000 or 6% in 2019
and $39,205,000 or 5% in 2018) represents resources that are subject to
external restrictions on how they may be used. The remaining balance of
unrestricted Net Position $138,824,000 (19%) may be used to meet the
government's ongoing obligations to citizens and creditors.
At the end of 2018/19, the City had positive balances in all three categories
of Net Position, both for the government as a whole, as well as for its
separate governmental activities. As a result of an interfund loan write-off
business type Unrestricted Net Position went from a deficit balance of
$5,203,000 to a positive balance of $240,000 (Note 19).
Current and other assets 197,620,032 217,716,936 0.102 (4,845,320) 795,460 (1.164) 192,774,712 218,512,396 0.134
Capital assets 510,913,594 519,979,940 0.018 43,585,880 43,375,536 (0.005) 554,499,474 563,355,476 0.016
Total Assets 708,533,626 737,696,876 0.041 38,740,560 44,170,996 0.140 747,274,186 781,867,872 0.046
Deferred outflows of
resources 5,190,412 3,545,374 (0.317) - - - 5,190,412 3,545,374 (0.317)
- - -
Current liabilities 14,789,716 23,450,113 0.586 357,892 555,335 0.552 15,147,608 24,005,448 0.585
Non-current liabilities 17,259,349 14,103,617 (0.183) - - - 17,259,349 14,103,617 (0.183)
Total Liabilities 32,049,065 37,553,730 0.172 357,892 555,335 0.552 32,406,957 38,109,065 0.176
Deferred inflows of
resources 605,946 1,067,011 0.761 - - - 605,946 1,067,011 0.761
Net Position:
Net investment in capital
assets 510,913,594 519,221,969 0.016 43,585,880 43,375,536 (0.005) 554,499,474 562,597,505 0.015
Restricted 39,204,789 44,815,499 0.143 - - - 39,204,789 44,815,499 0.143
Unrestricted 130,950,644 138,584,041 0.058 (5,203,212) 240,125 (1.046) 125,747,432 138,824,166 0.104
Total Net Position 681,069,027 702,621,509 0.032 38,382,668 43,615,661 0.136 719,451,695 746,237,170 0.037
Total by Fiscal Year %
Change
2018 2019
Governmental Activities Business-Type Activities%
Change
%
Change
2018 2019 2018 2019
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Governmental Activities
Governmental activities Net Position increased by $21,552,000 accounting
for a positive 3% percent change in the Net Position from the previous year.
Key elements of these changes are as follows:
City of La Quinta Changes in Net Position
• Revenues overall increased by $9,350,000 with the largest increase
($4,347,000) being investment income followed by an increase of
$2,550,000 in other taxes; attributed to transient occupancy and sales
taxes combined. Additional increases include property taxes -
$537,000, grant contributions - $1,364,000, capital gains - $1,007,000
and motor vehicle in lieu revenue - $145,000. These increases were
offset by decreases totaling $600,000 for charges for services and
miscellaneous revenues combined.
• Expenses for Governmental Activities decreased by $13,003,000
(a 21% decrease when compared to 2017/18). The $11,150,000
decrease in public works reflects multiple projects in design phase with
larger construction costs expected in 2019/20. As noted earlier
Governmental Activities include 26 individual governmental funds and
include capital asset activity allocated on a percentage basis by
PROGRAM REVENUES:
Charges for Services 3,473,058$ 3,128,405$ (344,653)$ 3,567,718$ 3,773,396$ 205,678$ 7,040,776$ 6,901,801$ (138,975)$
Operating Grants and
Contributions 4,259,916 5,623,509 1,363,593 - - - 4,259,916 5,623,509 1,363,593
Capital Gains and
Contributions 4,455,060 5,462,395 1,007,335 - - - 4,455,060 5,462,395 1,007,335
-
GENERAL REVENUES &
TRANSFERS -
Property Taxes 15,887,015 16,423,843 536,828 - - - 15,887,015 16,423,843 536,828
Other Taxes 32,750,611 35,300,950 2,550,339 - - - 32,750,611 35,300,950 2,550,339
Investment Income 803,654 5,150,613 4,346,959 3,511 14,958 11,447 807,165 5,165,571 4,358,406
Motor Vehicle In Lieu 3,941,348 4,086,536 145,188 - - - 3,941,348 4,086,536 145,188
Miscellaneous 649,566 394,347 (255,219) - - - 649,566 394,347 (255,219)
TOTAL REVENUES 66,220,228 75,570,598 9,350,370 3,571,229 3,788,354 217,125 69,791,457 79,358,952 9,567,495
EXPENSES:
General Government 8,869,174 9,085,863 216,689 - - - 8,869,174 9,085,863 216,689
Public Safety 22,508,088 23,164,976 656,888 - - - 22,508,088 23,164,976 656,888
Planning & Development 4,352,134 5,913,321 1,561,187 - - - 4,352,134 5,913,321 1,561,187
Community Services 9,231,268 6,202,084 (3,029,184) - - - 9,231,268 6,202,084 (3,029,184)
Public Works 15,580,975 4,430,519 (11,150,456) - - - 15,580,975 4,430,519 (11,150,456)
Interest on Long-Term Debt 1,468,971 210,941 (1,258,030) - - - 1,468,971 210,941 (1,258,030)
Golf Course - - - 4,318,463 4,558,922 240,459 4,318,463 4,558,922 240,459
TOTAL EXPENSES 62,010,610 49,007,704 (13,002,906) 4,318,463 4,558,922 240,459 66,329,073 53,566,626 (12,762,447)
Excess or Deficiency before
Transfers & Extraordinary
Items 4,209,618 26,562,894 22,353,276 (747,234) (770,568) (23,334) 3,462,384 25,792,326 22,329,942
TRANSFERS &
EXTRAORDINARY ITEMS:
Extraordinary Gain on
Dissolution of RDA 3,624,121 993,148 (2,630,973) - - - 3,624,121 993,148 (2,630,973)
Special Item - Interfund Loans - (5,553,561) (5,553,561) - 5,553,561 5,553,561 - - -
Transfers (434,000) (450,000) (16,000) 434,000 450,000 16,000 - - -
Increase in Net Position 7,399,739 21,552,481 14,152,742 (313,234) 5,232,993 5,546,227 7,086,505 26,785,474 19,698,969
Net Position - Beginning 673,669,288 681,069,027 7,399,739 38,695,902 38,382,668 (313,234) 712,365,190 719,451,695 7,086,505
NET POSITION - ENDING 681,069,027$ 702,621,508$ 21,552,481$ 38,382,668$ 43,615,661$ 5,232,993$ 719,451,695$ 746,237,169$ 26,785,474$
Total by Fiscal YearBusiness-Type ActivitiesGovernmental Activities
2018 2019 2018 2019 2018 2019ChangeChange Change
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department. Additional information on capital asset activity distribution
can be found on Note 4.
• The General Fund contributed $450,000 to the business-type activities
of the golf course. Funds were utilized to support operations per the
adopted budget. An interfund loan due to General Fund from SilverRock
Golf Resort is reflected as a special item loss of $5,554,000 for
Governmental Activities and gain for Business Type Activities.
Business-Type Activities
Th i s was the fourteenth full year of operations for the SilverRock Golf
Resort since the golf course opened in 2005.
Charges for services primarily consisted of green fees which totaled
$3,773,000, $206,000 greater than the previous year, with golf course
expenses of $4,559,000, which were $240,000 or approximately 5%
more than the previous year. After transfers in and a special item
resulting from an interfund loan write-off, the net position increased by
$5,233,000.
Expenses increases included a $122,000 increase in man agement
services and an $84,000 increase for maintenance and operations.
In 2018/19, the General Fund transferred $450,000 to the SilverRock Golf
Fund to support operations.
FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS
As noted earlier, the City uses fund accounting to ens ure and
demonstrate compliance with finance-related legal requirements.
Governmental Funds
The focus of the City’s governmental funds is to prov ide information on
near-term inflows, outflows, and balances. Such information is useful in
assessing the City's financing requirements. In particular, unassigned
fund balance may serve as a useful measure of a government's net
resources available for spending at the end of the fiscal year.
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As of the end of 2018/19, the City's governmental funds reported combined
ending fund as follows:
City of La Quinta Governmental Fund Balances
Governmental fund balances ended the year totaling $160,522,000, an
increase of $10,840,000 in comparison with the prior years’ ending balance
of $149,681,000. These collective fund balances include the General Fund,
Housing Authority, Financing Authority, Capital Improvement Fund, Civic
Center Fund, and various Special Revenue and Capital Improvement funds.
Nonspendable
Nonspendable reserves are $33,684,000 or 21%; these reserves are not
available to fund operating expenditures because they are in the form of
land and receivables.
Restricted
$51 ,355,000 (32%) are restricted fund balances, which are the result of
external limitations on spending. The Restricted funds such as Measure A,
which can only be used for transportation; Gas Tax Fund, restricted for
street related purposes; Section 115 trust restricted for Pension Liabilities
(new in 2018/19); or Housing Funds, restricted for housing activities to
preserve and produce affordable housing.
Committed
$31,745,000 (20%) are committed fund balances which are the result of
self-imposed limitations established by the City Council. The City adopted a
Reserve Policy in May 2018 which established three additional General Fund
committed reserve categories including: Economic Disaster Reserve,
Capital Replacement Reserve, and a Pension Trust Reserve.
Assigned
Assigned funds are constrained by the City’s intent to use them for specific
purposes and represent a total of $29,440,000 (18%) of the total fund
balance. $11,853,000 represents funds for approved Capital Projects
carryovers for multi-year projects. Available Measure G sales tax revenue
ended the year at $7,722,000. $9,865,000 represents funds held in trust
with the County of Riverside for fire services.
Category General Fund Percent All Other Funds Percent Total Funds Percent
Nonspendable 33,683,942$ 29%386$ 0.001% 33,684,328$ 21%
Restricted 6,540,000 6%44,815,499 105% 51,355,499 32%
Committed 31,745,300 27%- 0% 31,745,300 20%
Assigned 29,439,978 25%- 0% 29,439,978 18%
Unassigned 16,228,627 14% (1,931,951) -5% 14,296,676 9%
TOTAL 117,637,847$ 100% 42,883,934$ 100% 160,521,781$ 100%
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Unassigned
The remaining fund balance or $14,297,000 represents unassigned fund
balances or the residual net resources after taking into consideration the
other classifications. The Capital Improvement Fund accounted for
$380,000 of the negative $1,932,000 balance of all other funds. The
remaining balance was largely attributed to the Library Development
Impact Fee Fund. This amount represents an advance due to the
Redevelopment (RDA) Successor Agency and is included in the Successor
Agency of the former RDA as a receivable.
General Fund
The General Fund is the City’s chief operating fund. At the end of 2018/19,
the unassigned fund balance was $16,229,000 while total fund balance was
$117,638,000.
The General Fund balance decreased by $4,186,000 in 2018/19. Key factors
were:
• A year-over-year decrease of $19,293,000 in non-spendable is
attributed to the interfund loan write-offs described in Note 19, the sale
of City owned property held for resale - $2,589,000, and the annual
Redevelopment Agency loan repayment which reduced the due from
other government balance by $1,696,000 resulting in an outstanding
loan balance of $34,895,000 (recognized as 80% in the General Fund
and 20% in the Housing Authority Fund).
• Committed reserves increased by $2 million due to: a.) an increase in
natural disaster reserve of $2,600,000, b.) an increase of $2,860,000
in economic disaster reserve, and c.) a decrease of $1,441,000 in
operational carryovers.
• Pension Trust reserves of $2,000,000 and an additional contribution of
$4,540,000 for a total of $6,540,000 were used to establish a Pension
Trust Fund in 2018/19, which removed this 2017/18 committed
reserve category and established the Section 115 Trust Restricted
reserve.
• An increase of $9.5 million in assigned reserves was due to multi-year
Capital Projects ($6,856,000) and Measure G sales tax revenue
($2,552,000) and fire services trust ($111,000).
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• Assigned to public safety represents property tax accumulated and held
in trust by the County of Riverside for fire protection, disaster
preparedness and response, fire prevention, rescue, hazardous
materials mitigation, technical rescue response, medical emergency
services, and public service assists (the County and City negotiated an
agreement wherein the County fire service property tax revenue
generated in the two former City redevelopment project areas is
pledged to the City to fund the aforementioned services). This portion
of assigned fund balance as of June 30, 2019 is $9,865,000.
• The General Fund revenues overall were $6,857,000 or 12% higher
than budgeted. The increased revenue is attributable to higher
collection of property, sales, and hotel taxes. Combined taxes collected
were $2.9 million over budget. In addition, the extraordinary gain (RDA
loan repayment and interest earned) of $795,000 was not budgeted;
these funds are recognized in unassigned reserves and reduce non-
spendable reserves each year. 80% of the extraordinary gain is
recognized in the General Fund and 20% in the Housing Authority
Fund.
• Actual expenses were $4,241,000 lower than the final budget and
$23,370,000 higher than 2017/18 expenditures. However, expenses
included non-cash transactions for the disposal of land held for resale
($2,589,000) and interfund loan write-offs of $15,017,000.
• Expense savings after these adjustments were $13,365,000 of which
$12,598,000 were carried over into 2019/20 for continuing
appropriations related to operations and Capital Improvement Projects
(CIP).
Housing Authority Fund
The Housing Authority Fund is used to account for the activities of the
Housing Authority; the Housing Authority invests in programs and projects
that preserve and increase the supply of affordable housing in the City. The
fund balance increased by $351,000 to end the year at $22,041,000.
Capital Improvement Fund
The Capital Improvement Fund is primarily used to record the expenditures
for capital projects. The fund had thirty-five (35) active Capital Improvement
Projects budgeted during 2018/19. The five most active projects were:
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• Washington Street Apartments rehabilitation and expansion
($8,380,000)
• Citywide drainage improvements ($1,545,000)
• Madison Street widening from Avenue 50 to 52 ($1,508,000)
• Pavement Management Plan street improvements ($1,075,000)
• North La Quinta landscape improvements ($672,000)
Civic Center Fund
The Civic Center fund is primarily used to collect developer impact fees for
the 2004 City Hall expansion and to fund a portion of the debt service on the
original City Hall construction. The City Hall expansion was completed in
2007/08 and the final repayment of the original City Hall construction bonds
was made in 2018/19. The $7,106,000 million advance from the General
Fund was written off in 2018/19 (Note 19) resulting in a positive ending
restricted fund balance of $80,000.
PROPRIETARY FUNDS
The City of La Quinta's proprietary funds provide the same type of
information found in the government-wide financial statements, but in more
detail.
The financial activities of the City enterprise fund are addressed in the
discussion of the City’s business-type activities. In addition, the City has four
(4) internal service funds to accumulate resources for equipment and vehicle
replacement, information technology, insurance, and park equipment and
facility replacement.
GENERAL FUND BUDGETARY HIGHLIGHTS
Revenue appropriations and transfers in increased by $4,917,000 between
the original ($52,297,000) and final amended budget ($57,215,000). The
main components of the increase were due to sales tax revenue which
increased by $2,090,000 and land sales of $1,384,000.
Expenditure appropriations and transfers out increased by $21,345,000
between the original ($51,153,000) and final amended budget
($72,498,000). Following are the primary changes:
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• $9,591,000 in operational and capital improvement project carryover
appropriations from prior fiscal years to 2018/19 as approved by City
Council
• $6,540,000 added for the establishment of a Pension Trust using
previously committed General Fund reserves ($2,000,000) and
$4,540,000 from unassigned fund balance.
• $2,160,000 allocated from Measure G reserves for capital projects
• $2,976,000 transfer from the General Fund to the Economic
Development Fund.
CAPITAL ASSET AND DEBT ADMINISTRATION
Ca pital Assets
The City’s capital assets for its governmental and business-type activities
as of June 30, 2019, were $563,355,000 (net of accumulated depreciation).
This includes land, right of way, buildings and improvements, machinery
and equipment, streets and bridges, and construction in progress. The
investment in capital assets increased by $8,856,000 in 2018/19 primarily
due to an increase in construction in progress.
The following chart lists the asset categories for governmental and
business-like activities net of depreciation:
City of La Quinta Capital Assets (net of depreciation )
Major capital asset events included under Governmental Activities included
the following:
• Recording infrastructure improvements, street improvements, street
right of way, street sidewalks and curbs and gutters, traffic signals,
street medians, and construction in progress.
2018 2019 2018 2019 2018 2019
Land 66,594,534 66,571,934 39,712,955 39,712,955 106,307,489 106,284,889
Buildings & Improvements 40,659,592 39,212,401 3,556,823 3,342,277 44,216,415 42,554,678
Equipment & Furniture 1,012,039 1,178,546 316,102 320,304 1,328,141 1,498,850
Vehicles 1,000,246 828,376 - - 1,000,246 828,376
Software - - - - - -
Infrastructure 387,495,409 382,503,766 - - 387,495,409 382,503,766
Construction in Progress 14,151,774 29,684,917 - - 14,151,774 29,684,917
TOTAL 510,913,594 519,979,940 43,585,880 43,375,536 554,499,474 563,355,476
Governmental Activities Business-Type ActivitiesDescription Total By Fiscal Year
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Business-Type Activities
The Golf Course capital asset balance at June 30, 2019, was $43,376,000,
net of accumulated depreciation. The balance decreased by $210,000
reflects accumulated depreciation expensed in 2018/19.
Additional information on the City of La Quinta’s capital assets can be found
in Note 4 to the financial statements.
Long-Term Debt
At the end of 2018/19, the City governmental funds had total outstanding
debt of $14,104,000. Of the total amount, $758,000 represents capital
leases, $942,000 employee compensated absences, and as of 2018/19, the
Net Pension Liability is reported as outstanding debt.
City of La Quinta Outstanding Debt
The total outstanding debt decreased by $1,775,000 during 2018/19, due to
two final payments of $1,125,000 for land acquisition (Eisenhower Drive
retention basin) and lease revenue bond payment of $650,000.
Additional information on long-term debt can be found in Note 5 of the
financial statements.
REQUEST FOR INFORMATION
This financial report is designed to provide a general overview of the City’s
finances. Questions concerning this information or requests for additional
information should be addressed to the City of La Quinta, Karla Romero,
Finance Director, 78-495 Calle Tampico, La Quinta, CA, 92253, by
telephone at 760-777-7073, or by email at finance@laquintaca.gov.
Debt Type:2018 2019
Capital Leases 667,035$ 757,971$
Compensated Absences 823,842 941,955
Land Acquisition Note Payable 1,125,000 -
Revenue Bonds 650,000 -
Net Pension Liability 12,612,523 12,403,691
TOTAL 15,878,400$ 14,103,617$
Governmental Activities
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CITY OF LA QUINTA, CALIFORNA
STATEMENT OF NET POSITION
JUNE 30, 2019
See accompanying notes to basic financial statements.
17
Governmental Business-Type
Activities Activities Total
Assets:
Cash and investments 134,946,007$ 374,196$ 135,320,203$
Restricted cash and investments 6,540,000 - 6,540,000
Receivables:
Accounts 1,013,720 69,368 1,083,088
Taxes 4,418,378 - 4,418,378
Notes and loans 22,890,422 - 22,890,422
Accrued interest 4,395,698 1,207 4,396,905
Prepaid costs 878,270 - 878,270
Deposits - 250,000 250,000
Due from other governments 36,897,435 - 36,897,435
Inventories - 100,689 100,689
Land held for resale 5,730,990 - 5,730,990
Net OPEB Asset 6,016 - 6,016
Capital assets not being depreciated 382,114,204 39,712,955 421,827,159
Capital assets, net of depreciation 137,865,736 3,662,581 141,528,317
Total Assets 737,696,876 44,170,996 781,867,872
Deferred Outflows of Resources:
Deferred amounts related to OPEB 209,118 - 209,118
Deferred amounts related to pensions 3,336,256 - 3,336,256
Total Deferred Outflows of Resources 3,545,374 - 3,545,374
Liabilities:
Accounts payable 12,203,848 499,841 12,703,689
Accrued liabilities 439,267 19,994 459,261
Unearned revenue 1,203,461 - 1,203,461
Deposits payable 7,967,844 35,500 8,003,344
Due to other governments 1,635,693 - 1,635,693
Noncurrent liabilities:
Due within one year 176,455 - 176,455
Due in more than one year 13,927,163 - 13,927,163
Total Liabilities 37,553,731 555,335 38,109,066
Deferred Inflows of Resources:
Deferred amounts related to OPEB 39,483 - 39,483
Deferred amounts related to pensions 1,027,528 - 1,027,528
Total Deferred Inflows of Resources 1,067,011 - 1,067,011
Net Position:
Net investment in capital assets 519,221,969 43,375,536 562,597,505
Restricted for:
Planning and development projects 22,996,435 - 22,996,435
Public safety 1,391,721 - 1,391,721
Public works 2,667,401 - 2,667,401
Capital projects 3,984,232 - 3,984,232
Community services 13,775,710 - 13,775,710
Unrestricted 138,584,041 240,125 138,824,166
Total Net Position 702,621,509$ 43,615,661$ 746,237,170$
Primary Government
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CITY OF LA QUINTA, CALIFORNIA
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2019
See accompanying notes to basic financial statements.
18
Operating Capital
Charges for Contributions Contributions
Expenses Services and Grants and Grants
Functions/Programs
Primary Government:
General government 9,085,863$ 516,115$ 699,242$ 200,499$
Public safety 23,164,976 376,249 10,500 154,765
Planning and development 5,913,321 636,683 158,326 1,373,474
Community services 6,202,084 479,542 2,935,769 -
Public works 4,430,519 1,119,816 1,819,672 3,733,657
Interest on long-term debt 210,940 - - -
Total Governmental Activities 49,007,703 3,128,405 5,623,509 5,462,395
Business-Type Activities:
Golf Course 4,558,922 3,773,396 - -
Total Primary Government 53,566,625$ 6,901,801$ 5,623,509$ 5,462,395$
General Revenues:
Taxes:
Property taxes, levied for general purpose
Transient occupancy taxes
Sales taxes
Franchise taxes
Business licenses taxes
Other taxes
Motor vehicle in lieu - unrestricted
Investment income
Other
Special Item
Extraordinary item
Transfers
Change in Net Position
Net Position at Beginning of Year
Net Position at End of Year
Program Revenues
Total General Revenues, Special Items, Extraordinary Items and
Transfers
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See accompanying notes to basic financial statements.
19
Governmental Business-Type
Activities Activities Total
(7,670,007)$ -$ (7,670,007)$
(22,623,462) - (22,623,462)
(3,744,838) - (3,744,838)
(2,786,773) - (2,786,773)
2,242,626 - 2,242,626
(210,940) - (210,940)
(34,793,394) - (34,793,394)
- (785,526) (785,526)
(34,793,394)$ (785,526)$ (35,578,920)$
16,423,843 - 16,423,843
11,230,915 - 11,230,915
20,905,243 - 20,905,243
2,032,848 - 2,032,848
418,707 - 418,707
713,237 - 713,237
4,086,536 - 4,086,536
5,150,613 14,958 5,165,571
394,347 - 394,347
(5,553,561) 5,553,561 -
993,148 - 993,148
(450,000) 450,000 -
56,345,876 6,018,519 62,364,395
21,552,482 5,232,993 26,785,475
681,069,027 38,382,668 719,451,695
702,621,509$ 43,615,661$ 746,237,170$
Primary Government
Net (Expense) Revenue and Changes in Net Position
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CITY OF LA QUINTA, CALIFORNIA
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2019
See accompanying notes to basic financial statements.
20
Housing Capital
General Authority Improvement Civic Center
Assets:
Pooled cash and investments 89,606,389$ 13,031,452$ 2,169,551$ 81,324$
Restricted cash and investments 6,540,000 - - -
Receivables:
Accounts 877,945 131,985 - -
Taxes 4,326,100 - - -
Notes and loans - 22,890,422 - -
Accrued interest 221,894 4,089,930 - 226
Prepaid costs 37,182 - - -
Due from other governments 28,659,723 6,978,943 245,425 -
Due from other funds 428,407 - - -
Land held for resale 5,730,990 - - -
Total Assets 136,428,630$ 47,122,732$ 2,414,976$ 81,550$
Liabilities, Deferred Inflows of Resources
and Fund Balances
Liabilities:
Accounts payable 9,979,131$ 41,212$ 1,523,875$ 1,810$
Accrued liabilities 406,872 7,964 - -
Unearned revenues 39,101 - 1,160,570 -
Deposits payable 7,943,836 24,008 - -
Due to other governments 87,257 - - -
Due to other funds - - - -
Total Liabilities 18,456,197 73,184 2,684,445 1,810
Deferred Inflows of Resources:
Unavailable revenue 334,586 25,008,451 110,454 -
Fund Balances:
Nonspendable:
Prepaid costs 37,182 - - -
Land held for resale 5,730,990 - - -
Due from other governments 27,915,770 - - -
Restricted for:
Planning and development projects - 22,041,097 - -
Public safety - - - -
Community services - - - -
Public works - - - -
Capital projects - - - 79,740
Section 115 trust 6,540,000 - - -
Committed to:
Natural Disaster Reserve 10,000,000 - - -
Economic Disaster Reserve 11,000,000 - - -
Cash Flow Reserve 5,000,000 - - -
Capital Replacement Reserve 5,000,000 - - -
Carryovers 745,300 - - -
Assigned for:
Public safety 9,864,841 - - -
Sales Tax Reserve 7,721,975 - - -
Capital projects 11,853,162 - - -
Unassigned 16,228,627 - (379,923) -
Total Fund Balance 117,637,847 22,041,097 (379,923) 79,740
Total Liabilities, Deferred Inflows of Resources
and Fund Balances 136,428,630$ 47,122,732$ 2,414,976$ 81,550$
Special Revenue Funds Capital Projects Funds
184
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21
Other Total
Governmental Governmental
Funds Funds
22,163,812$ 127,052,528$
- 6,540,000
- 1,009,930
92,278 4,418,378
- 22,890,422
61,679 4,373,729
386 37,568
1,013,344 36,897,435
- 428,407
- 5,730,990
23,331,499$ 209,379,387$
574,629$ 12,120,657$
22,446 437,282
- 1,199,671
- 7,967,844
1,548,436 1,635,693
42,968 42,968
2,188,479 23,404,115
- 25,453,491
386 37,568
- 5,730,990
- 27,915,770
955,338 22,996,435
1,391,721 1,391,721
13,775,710 13,775,710
2,667,401 2,667,401
3,904,492 3,984,232
- 6,540,000
- 10,000,000
- 11,000,000
- 5,000,000
- 5,000,000
- 745,300
- 9,864,841
- 7,721,975
- 11,853,162
(1,552,028) 14,296,676
21,143,020 160,521,781
23,331,499$ 209,379,387$
185
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186
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CITY OF LA QUINTA, CALIFORNIA
GOVERNMENTAL FUNDS
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET POSITION
JUNE 30, 2019
See accompanying notes to basic financial statements.
22
Fund Balances of Governmental Funds 160,521,781$
Amounts reported for governmental activities in the statement of net position are
different because:
Capital assets net of accumulated depreciation have not been included
as current financial resources in governmental fund activity 505,401,009
Net OPEB asset is not considered a current financial resource 6,016
Long-term liabilities are not due and payable in the current period and therefore are not
reported in the governmental funds
Capital lease payable (88,759)$
Compensated absences (941,955)
Net pension liability (12,403,691) (13,434,405)
Deferred outflows related to pensions 3,336,256
Deferred outflows related to OPEB 209,118
Deferred inflows related to pensions (1,027,528)
Deferred inflows related to OPEB (39,483)
Revenues reported as unavailable revenue in the governmental funds are recognized
in the statement of activities.25,453,491
Internal service funds are used by management to charge the costs of certain
activities, such as equipment management and self-insurance, to individual funds.
The assets and liabilities of the internal service funds are included in governmental activities
of the statement of net position 22,195,254
Net Position of Governmental Activities 702,621,509$
187
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CITY OF LA QUINTA, CALIFORNIA
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2019
See accompanying notes to basic financial statements.
23
Special Revenue Funds
Housing Capital
General Authority Improvements Civic Center
Revenues:
Taxes 47,664,927$ -$ -$ -$
Assessments - - - -
Licenses and permits 1,555,026 - - -
Intergovernmental 7,256,245 - 1,282,273 -
Charges for services 1,170,825 - - -
Use of money and property 2,650,432 870,185 18,893 865
Fines and forfeitures 375,491 - - -
Developer participation - - 774,304 176,934
Miscellaneous 2,317,491 58,815 - -
Total Revenues 62,990,437 929,000 2,075,470 177,799
Expenditures:
Current:
General government 10,128,408 - - -
Public safety 23,077,557 - - -
Planning and development 4,136,649 610,055 1,492,068 4,541
Community services 3,863,726 166,666 - -
Public works 1,107,124 - - -
Capital outlay 897,269 - 8,035,167 -
Debt service:
Principal retirement - - - -
Interest and fiscal charges - - - 96,696
Total Expenditures 43,210,733 776,721 9,527,235 101,237
Excess (deficiency) of revenues
over (under) expenditures 19,779,704 152,279 (7,451,765) 76,562
Other Financing Sources (Uses):
Transfers in 286,590 - 7,731,237 -
Transfers out (10,029,405) - (311,833) -
Total Other Financing Sources (Uses)(9,742,815) - 7,419,404 -
Special Item:
Interfund loan payoff (15,017,126) - - 7,106,231
-
Extraordinary Item:
Successor Agency loan 794,517 198,631 - -
Net change in fund balances (4,185,720) 350,910 (32,361) 7,182,793
Fund Balances, Beginning of Year 121,823,567 21,690,187 (347,562) (7,103,053)
Fund Balances, End of Year 117,637,847$ 22,041,097$ (379,923)$ 79,740$
Capital Projects Funds
188
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24
Other Total
Governmental Governmental
Funds Funds
797,566$ 48,462,493$
961,633 961,633
- 1,555,026
5,537,462 14,075,980
- 1,170,825
1,284,276 4,824,651
- 375,491
1,280,233 2,231,471
49,369 2,425,675
9,910,539 76,083,245
1,000 10,129,408
87,419 23,164,976
172,153 6,415,466
1,913,808 5,944,200
3,112,337 4,219,461
164,024 9,096,460
650,000 650,000
81,384 178,080
6,182,125 59,798,051
3,728,414 16,285,194
4,924,769 12,942,596
(3,485,652) (13,826,890)
1,439,117 (884,294)
2,357,334 (5,553,561)
- 993,148
7,524,865 10,840,487
13,618,155 149,681,294
21,143,020$ 160,521,781$
189
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CITY OF LA QUINTA, CALIFORNIA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2019
See accompanying notes to basic financial statements.
25
Net Change in Fund Balances - Total Governmental Funds 10,840,487$
Amounts reported for governmental activities in the statement of activities are
different because:
Governmental funds report capital outlays as expenditures. However, in the statement
of activities, the costs of those assets are allocated over their estimated useful lives
as depreciation expense. Adjustments for capital outlay, net of asset deletions and
the net depreciation expense is reported in the governmental activities.9,484,959
This issuance of long-term debt liabilities provides current financial resources in
the governmental funds, but issuing debt increases the long-term liabilities in
the statement of net position. Repayment of bond principal is an expenditure
in the governmental fund, but the repayment reduces long-term liabilities in the
statement of net position
Principal repayments 650,000
Capital lease activity (65,458)
Loan repayments 1,125,000 1,709,542
Accrued interest for long-term liabilities. This is the net change in accrued interest
for the current period.50,493
Compensated absences expenses reported in the statement of activities do not
require the use of current financial resources and, therefore, are not reported as
expenditures in governmental funds.(118,113)
Governmental funds report OPEB contributions as expenditures. However, in the Statement
of Activities, OPEB expense is measured as the change in OPEB liability and the
amortization of deferred outflows and inflows of resources related to OPEB.
This amount represents the net change in OPEB related amounts.33,200
Pension expense recognizes the change in net pension liability and related deferred outflows and inflows of resources
and therefore is not recognized under the current resources measurement and (decreases)/increases from net position.(543,506)
Revenues reported as unavailable revenue in the governmental funds are recognized
as operating contributions and grants in the statement of activities (867,999)
Internal service funds are used by management to charge the costs of certain activities,
such as equipment management and self-insurance, to individual funds.
The net revenues (expenses) of the internal service funds is reported with 963,419
governmental activities
21,552,482$
Change in net position of governmental activities
190
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CITY OF LA QUINTA, CALIFORNIA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
JUNE 30, 2019
See accompanying notes to basic financial statements.
26
Business-Type Governmental
Activities Activities
Enterprise Funds Internal Service
Golf Course Funds
Assets:
Current:
Cash and investments 374,196$ 7,893,479$
Receivables:
Accounts 69,368 3,790
Accrued interest 1,207 21,968
Prepaid costs - 840,702
Deposits 250,000 -
Inventories 100,689 -
Total Current Assets 795,460 8,759,939
Noncurrent:
Capital assets - net of accumulated depreciation 43,375,536 14,578,933
Total Assets 44,170,996 23,338,872
Liabilities:
Current:
Accounts payable 499,841 83,191
Accrued liabilities 19,994 1,985
Deposits payable 35,500 -
Due to other funds - 385,439
Deferred revenues - 3,790
Current portion of capital leases - 151,345
Total Current Liabilities 555,335 625,750
Noncurrent Liabilities:
Long-term portion of capital leases - 517,868
Total Liabilities 555,335 1,143,618
Net Position:
Net investment in capital assets 43,375,536 13,909,720
Unrestricted 240,125 8,285,534
Total Net Position 43,615,661$ 22,195,254$
191
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CITY OF LA QUINTA, CALIFORNIA
STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN FUND NET POSITION
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2019
See accompanying notes to basic financial statements.
27
Business-Type Governmental
Activities Activities -
Enterprise Funds Internal
Golf Course Service Funds
Operating Revenues:
Sales and service charges 3,773,396$ 3,591,374$
Operating Expenses:
Administration and general 59,638 257,179
Fuel and oil - 66,256
Maintenance and parts - 322,924
Contract services 4,016,569 533,558
Software and supplies - 1,077,564
Depreciation expense 254,683 1,076,980
Other 228,032 -
Total Operating Expenses 4,558,922 3,334,461
Operating Income (Loss)(785,526) 256,913
Nonoperating Revenues (Expenses):
Interest revenue 14,958 225,751
Interest expense - (83,354)
Loss on disposal of capital assets - 129,815
Total Nonoperating Revenues (Expenses)14,958 272,212
Income (Loss) before transfers (770,568) 529,125
Transfers in 450,000 445,000
Transfers out - (10,706)
Total Transfers 450,000 434,294
Special item- Interfund loan payoff 5,553,561 -
Changes in Net Position 5,232,993 963,419
Net Position, Beginning of the Year 38,382,668 21,231,835
Net Position at End of Year 43,615,661$ 22,195,254$
192
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CITY OF LA QUINTA, CALIFORNIA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2019
See accompanying notes to basic financial statements.
28
Business-Type Governmental
Activities-Activities-
Enterprise Funds Internal
Golf Course Service Funds
Cash Flows from Operating Activities:
Cash received from customers and users 3,762,545$ -$
Cash received from interfund services provided - 3,588,870
Cash payments to suppliers for goods and services (4,136,630) (2,461,195)
Net Cash Provided by (Used for)
Operating Activities (374,085) 1,127,675
Cash Flows from Non-Capital Financing Activities:
Cash transfers in 450,000 -
Other receipts - 445,000
Net Cash provided by
Non-Capital Financing Activities 450,000 445,000
Cash Flows from Capital and Related Financing Activities:
Capital contributions 40,504 -
Acquisition and construction of capital assets - (649,583)
Interest paid on capital debt - (83,354)
Cash transfers out - (10,706)
Proceeds from sales of capital assets - 129,815
Net Cash Provided by (Used for) Capital and
Related Financing Activities 40,504 (613,828)
Cash flows from investing activities:
Interest received on investments 14,963 221,841
Net Increase (Decrease) in Cash and
Cash Equivalents 131,382 1,180,688
Cash and Cash Equivalents at Beginning of Year 242,814 6,712,791
Cash and Cash Equivalents at End of Year 374,196$ 7,893,479$
193
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CITY OF LA QUINTA, CALIFORNIA
STATEMENT OF CASH FLOWS, (CONTINUED)
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2019
See accompanying notes to basic financial statements.
29
Business-Type Governmental
Activities-Activities-
Enterprise Funds Internal
Golf Course Service Funds
Reconciliation of Operating Income (Loss) to Net Cash
Provided by (Used for) Operating Activities:
Operating income (loss)(785,526)$ 256,913$
Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:
Depreciation 254,683 1,076,980
(Increase) decrease in accounts receivable (10,851) (3,790)
(Increase) decrease in inventories (29,834) -
(Increase) decrease in prepaid expense - (197,570)
Increase (decrease) in accounts payable 177,449 (38,015)
Increase (decrease) in accrued liabilities 19,994 1,985
Increase (decrease) in deferred revenues - 3,790
Increase (decrease) due to other funds - 27,382
Net Cash Provided by (Used for)
by Operating Activities (374,085)$ 1,127,675$
Non-Cash Transactions
Capital assets acquired by capital lease -$ 29,951$
Special item- interfund loan payoff 5,553,562$ -$
194
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CITY OF LA QUINTA, CALIFORNIA
STATEMENT OF FIDUCIARY NET POSITION
FIDUCIARY FUNDS
JUNE 30, 2019
See accompanying notes to basic financial statements.
30
Pension Trust Private-Purpose
Fund Trust Fund
Successor
Agency Supplemental Agency of the
Funds Pension Plan former RDA
Assets:
Cash and investments 29,389$ 106,624$ 36,573,141$
Receivables:
Notes and loans - - 1,282,106
Accrued interest 81 298 131,587
Prepaid asset - - 512,031
Due from other governments - - 1,548,436
Restricted assets:
Cash and investments with fiscal agent - - 1,675
Total Assets 29,470$ 106,922$ 40,048,976$
Deferred Outflows of Resources:
Deferred charge on refunding 10,299,814
Liabilities:
Accounts payable - - 11,212
Accrued interest - - 3,237,605
Deposits payable 29,470 - -
Long-term liabilities:
Due in one year - - 11,875,327
Due in more than one year - - 219,145,245
Total Liabilities 29,470$ - 234,269,389
Net Position (Deficit):
Restricted for pensions 106,922$
Held in trust for private purposes (183,920,599)$
195
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CITY OF LA QUINTA, CALIFORNIA
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FIDUCIARY FUNDS
YEAR ENDED JUNE 30, 2019
See accompanying notes to basic financial statements.
31
Pension Trust Private-Purpose
Fund Trust Fund
Successor
Supplemental Agency of the
Pension Plan Former RDA
Additions:
Taxes -$ 20,667,124$
Net investment income 3,551 952,931
Total Additions 3,551 21,620,055
Deductions:
Administrative expenses 12,833 54,998
Contractual services - 8,462,231
Interest and fiscal charges - 9,511,773
Total Deductions 12,833 18,029,002
Extraordinary Item:
Successor Agency loan principal - (993,148)
Changes in Net Position (9,282) 2,597,905
Net Position/(Deficit) - Beginning of the Year 116,204 (186,518,504)
Net Position/(Deficit) - End of the Year 106,922$ (183,920,599)$
196
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CITY OF LA QUINTA, CALIFORNIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
32
Note Description Page Number
1 Summary of Significant Accounting Policies 33
2 Cash and Investments 44
3 Notes Receivable 48
4 Capital Assets 49
5 Changes in Long-Term Liabilities – Governmental Activities 51
6 Interfund Receivables and Payables 53
7 Interfund Transfers 53
8 Defined Benefit Pension Plan 54
9 Defined Contribution Plan 57
10 Other Post Employment Benefit Plan (OPEB) 57
11 Section 115 Trust 60
12 Risk Management 61
13 Fund Balance 63
14 Golf Course Management Agreement 64
15 Construction Commitments 65
16 Reimbursement Agreements 65
17 Successor Agency Trust for Assets of Former Redevelopment Agency 66
18 Extraordinary Item 72
19 Special Item 72
197
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CITY OF LA QUINTA, CALIFORNIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
33
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
a. Reporting Entity
The City of La Quinta (City) was incorporated May 1, 1982, under the general laws of the State of
California. In November 1996, the City became a charter City. The City operates under the Council –
Manager form of government.
The City provides many community services including public safety, highway and street maintenance,
health and social services, cultural and leisure services, public improvements, planning and zoning services,
and community development services.
The accounting policies of the City conform to generally accepted accounting principles as applicable to
governments. As required by generally accepted accounting principles, these financial statements present
the City and its component units, which are entities for which the City is considered to be financially
accountable. The City is considered to be financially accountable for an organization if the City appoints
a voting majority of that organization’s governing body and the City is able to impose its will on that
organization or there is a potential for that organization to provide specific financial benefits to or impose
specific financial burdens on the City. The City is also considered to be financially accountable if an
organization is fiscally dependent (i.e., it is unable to adopt its budget, levy taxes, set rates or charges, or
issue bonded debt without approval from the City). In certain cases, other organizations are included as
component units if the nature and significance of their relationship with the City are such that their exclusion
would cause the City’s financial statements to be misleading or incomplete.
All of the City’s component units are considered to be blended component units. Blended component units,
although legally separate entities, are, in substance, part of the City’s operations and so data from these
units are reported with the interfund data of the primary government.
The following organizations are considered to be component units of the City:
City of La Quinta Public Financing Authority
The La Quinta Public Financing Authority (Financing Authority) was established pursuant to a Joint
Exercise of Powers Agreement dated November 19, 1991, between the City and the Former
Redevelopment Agency (now Successor Agency). The purpose of the Financing Authority is to
provide financing necessary for the construction of various public improvements through the issuance
of debt. Although the Financing Authority is legally separate, it is reported as if it were part of the City
because the City Council also serves as the governing board of the Financing Authority and the
management of the City has operational responsibility for the Financing Authority. Separate financial
statements of the Financing Authority are not prepared.
City of La Quinta Housing Authority
The La Quinta Housing Authority (Housing Authority) was established pursuant to California Housing
Authorities Law (Health and Safety Code Sections 34200 et seq.) on September 15, 2009. The purpose
of the Housing Authority is to provide safe and sanitary housing opportunities for La Quinta residents.
Although the Housing Authority is legally separate, it is reported as if it were part of the City because
the City Council also serves as the governing board of the Housing Authority and the management of
the City has operational responsibility for the Housing Authority. Separate financial statements of the
Housing Authority are not prepared.
198
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CITY OF LA QUINTA, CALIFORNIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
34
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
b. Government-Wide and Fund Financial Statements
The basic financial statements of the City are composed of the following:
• Government-wide financial statements
• Fund financial statements
• Notes to the financial statements
Government-wide Financial Statements
The government-wide financial statements (i.e., the statement of net position and the statement of
activities) report information on all of the nonfiduciary activities of the primary government and its
component units. All fiduciary activities are reported only in the fund financial statements.
Governmental activities, which normally are supported by taxes, intergovernmental revenues, and other
nonexchange transactions, are reported separately from business-type activities, which rely to a
significant extent on fees and charges to external customers for support. Likewise, the primary
government is reported separately from certain legally separate component units for which the primary
government is financially accountable.
The statement of activities demonstrates the degree to which the direct expenses of a given function or
segments are offset by program revenues. Direct expenses are those that are clearly identifiable with a
specific function or segment. Program revenues include charges for services, special assessments, and
payments made by parties outside of the reporting City’s citizenry if that money is restricted to a
particular program. Program revenues are netted with program expenses in the statement of activities
to present the net cost of each program. Taxes and other items not properly included among program
revenues are reported instead as general revenues. Amounts paid to acquire capital assets are
capitalized as assets in the government-wide financial statements, rather than reported as expenditures.
Proceeds of long-term debt are recorded as a liability in the government-wide financial statements,
rather than as other financing sources. Amounts paid to reduce long-term indebtedness of the reporting
government are reported as a reduction of the related liability, rather than as expenditures.
Fund Financial Statements
The underlying accounting system of the City is organized and operated on the basis of separate funds,
each of which is considered to be a separate accounting entity. The operations of each fund are
accounted for with a separate set of self-balancing accounts that comprise its assets, deferred outflows
of resources, liabilities, deferred inflows of resources, fund equity, revenues and expenditures or
expenses, as appropriate. Governmental resources are allocated to and accounted for in individual
funds based upon the purposes for which they are to be spent and the means by which spending
activities are controlled.
Fund financial statements for the governmental, proprietary, and fiduciary funds are presented after the
government-wide financial statements. These statements display information about major funds
individually and nonmajor funds in the aggregate for governmental and proprietary funds. Fiduciary
statements include financial information for fiduciary funds. Fiduciary funds of the city primarily
represent assets held by the City in a custodial capacity for other individuals or organizations.
199
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CITY OF LA QUINTA, CALIFORNIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
35
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
c. Measurement Focus, Basis of Accounting and Financial Statement Presentation
Government-Wide Financial Statements
While separate government-wide and fund financial statements are presented, they are interrelated. The
governmental activities column incorporates data from governmental funds and internal service funds,
while business-type activities incorporate data from the government's enterprise funds. Separate
financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even
though the latter are excluded from the government-wide financial statements.
The government-wide financial statements are reported using the economic resources measurement
focus basis of accounting. Revenues are recorded when earned and expenses are recorded when a
liability is incurred regardless of the related cash flows. Property taxes are recognized in the year they
are levied. Grants and similar items are recognized as soon as all eligibility requirements imposed by
the providers are met.
Governmental Funds
In the fund financial statements, governmental funds are presented using the modified-accrual basis of
accounting. Their revenues are recognized when they become measurable and available as net current
assets. Measurable means that the amounts can be estimated, or otherwise determined. Available
means that the amounts were collected during the reporting period or soon enough thereafter to be
available to finance the expenditures accrued for the reporting period. The City uses a 60-day
availability period.
Revenue recognition is subject to the measurable and availability criteria for the governmental funds
in the fund financial statements. Exchange transactions are recognized as revenues in the period in
which they are earned (i.e., the related goods or services are provided). Locally imposed delivered tax
revenues are recognized as revenues in the period in which the underlying exchange transaction on
which they are based takes place. Imposed nonexchange transactions are recognized as revenues in the
period for which they were imposed. If the period of use is not specified, they are recognized as
revenues when an enforceable legal claim to the revenues arises or when they are received, whichever
occurs first. Government-mandated and voluntary non-exchange transactions are recognized as
revenues when all applicable eligibility requirements have been met.
Property taxes, franchise taxes, licenses and interest associated with the current fiscal period are all
considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal
period. All other revenue items are considered to be measurable and available only when cash is
received by the government.
In the fund financial statements, governmental funds are presented using the current financial resources
measurement focus. This means that only current assets, deferred outflows of resources, current
liabilities, and deferred inflows of resources are generally included on their balance sheets. The
reported fund balance is considered to be a measure of “available spendable resources”. Governmental
fund operating statements present increases (revenues and other financing sources) and decreases
(expenditures and other financing uses). Accordingly, they are said to present a summary of sources
and uses of “available spendable resources” during a period.
200
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CITY OF LA QUINTA, CALIFORNIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
36
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
c. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued)
Noncurrent portions of long-term receivables due to governmental funds are reported on their balance
sheets in spite of their spending measurement focus. Special reporting treatments are used to indicate,
however, that they should not be considered “available spendable resources”, since they do not
represent net current assets. Recognition of governmental fund type revenues represented by
noncurrent receivables are deferred until they become current receivables. Noncurrent portions of other
long-term receivables are offset by fund balance reserve accounts.
Because of their spending measurement focus, expenditure recognition for governmental fund types
excludes amounts represented by noncurrent liabilities. Since they do not affect net current assets, such
long-term amounts are not recognized as governmental fund type expenditures or fund liabilities.
Amounts expended to acquire capital assets are recorded as expenditures in the year that resources were
expended, rather than as fund assets. The proceeds of long-term debt are recorded as other financing
sources rather than as a fund liability. Amounts paid to reduce long-term indebtedness are reported as
fund expenditures.
Proprietary Funds
The City’s enterprise and internal service funds are proprietary funds. In the fund financial statements,
proprietary funds are presented using the accrual basis of accounting. Revenues are recognized when
they are earned and expenses are recognized when the related goods or services are delivered. In the
fund financial statements, proprietary funds are presented using the economic resources measurement
focus. This means that all assets, all deferred outflows of resources, all liabilities, and all deferred
inflows of resources (whether current or noncurrent) associated with their activity are included on their
balance sheets. Proprietary fund type operating statements present increases (revenues) and decreases
(expenses) in total net position.
Amounts paid to acquire capital assets are capitalized as assets in the proprietary fund financial
statements, rather than reported as expenditures. Proceeds of long-term debt are recorded as a liability
in the proprietary fund financial statements, rather than as an other financing source. Amounts paid to
reduce long-term indebtedness of the proprietary funds are reported as a reduction of the related
liability, rather than as expenditures.
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods in
connection with a proprietary fund's principal ongoing operations. The principal operating revenues of
the Enterprise Funds are charges to customers for sales and services.
Operating expenses for Enterprise Funds include the cost of sales and services, administrative expenses
and depreciation on capital assets. All revenues and expenses not meeting this definition are reported
as nonoperating revenues and expenses.
201
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CITY OF LA QUINTA, CALIFORNIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
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NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
c. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued)
Fiduciary Funds
The pension and private-purpose trust funds are reported using the economic resources measurement
focus and the accrual basis of accounting. The agency fund has no measurement focus but utilizes the
accrual basis of accounting for reporting its assets and liabilities.
d. Major Funds, Internal Service Funds and Fiduciary Fund Types
The City’s major governmental funds are as follows:
General Fund – This fund is the primary fund of the City and is used to account for all revenue and
expenditures of the City not legally restricted as to use. A broad range of municipal activities are
provided through this fund including City Manager, City Attorney, Finance, City Clerk, Community
Development, Police Services, Public Works, and Community Services.
Housing Authority- This fund accounts for the combined housing activities of the Housing Authority
in Project Areas 1 and 2 which promotes and provides for quality housing. Revenues will be provided
from the receipts and collections of rents, notes and loans. All monies in the Housing Authority must
be used in accordance with the applicable housing-related provisions of the California Housing
Authorities Law.
Capital Improvement Fund – This capital projects fund is used to account for the planning, design and
construction of various capital projects throughout the City.
Civic Center Fund – This fund accounts for the accumulation of resources provided through developer
fees for the acquisition, construction, or improvement of the Civic Center.
The City’s major proprietary fund is as follows:
Golf Course – This fund accounts for the activities of the SilverRock Golf Resort.
Other fund types of the City are as follows:
Debt Service Fund – This fund accounts for the servicing of long-term debt.
Internal Service Funds:
Equipment Replacement Fund – This fund accounts for equipment and vehicle maintenance and
replacement services provided to other departments on a cost-reimbursement basis.
Information Technology Fund – This fund is used to account for the acquisition for computer
equipment, maintenance, and services to support information systems within the City. Costs are
reimbursed by the benefiting departments.
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NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
d. Major Funds, Internal Service Funds and Fiduciary Fund Types (Continued)
Park Equipment and Facilities Fund – This fund is used to account for the purchase and replacement of
City owned and operated park equipment and facilities. Costs are reimbursed by the benefiting
departments.
Insurance Fund – This fund accounts for City-wide insurances: liability, property, earthquake, workers
compensation and risk management. Expenses are shared among departments on an allocation basis.
Fiduciary Funds:
Agency Fund – This fund accounts for assets held by the City as an agent for assessment district
bondholders.
Pension Trust Fund – This fund accounts for the activities of the Supplemental Pension Savings Plan,
which accumulates resources for pension benefit payments to qualified government employees.
Private-Purpose Trust Fund – This fund accounts for the assets and liabilities of the Former Agency
and its allocated revenue to pay estimated installment payments of enforceable obligations until
ob ligations of the Former Agency are paid in full and assets have been liquidated.
e. Assets, Deferred Outflow of Resources, Liabilities, Deferred Inflow of Resources, and Net Position or
Equity
Cash and Investments
For financial reporting purposes, investments are adjusted to their fair value. Changes in fair value that
occur during a fiscal year are recognized as investment income reported for that fiscal year. Investment
income includes interest earnings, changes in fair value, and any gains or losses realized upon the
liquidation or sale of investments. All investments are valued at fair value.
The City pools cash and investments of all funds, except for assets held within the Section 115 trust
and amounts held by fiscal agents. Each fund’s share in this pool is displayed in the accompanying
financial statements as cash and investments. Investment income earned by the pooled investments is
allocated to the various funds based on each fund’s month end cash and investment balance.
Cash and Cash Equivalents
For purposes of the statement of cash flows, cash equivalents are defined as short-term, highly liquid
investments that are both readily convertible to known amounts of cash or so near their maturity that
they present insignificant risk of changes in value because of changes in interest rates. Cash equivalents
also represent the proprietary fund’s share in the City’s cash and investment pool. Cash equivalents
have an original maturity date of three months or less from the date of purchase. For purposes of the
statement of cash flows, the entire balance of cash and investments on the combined balance sheet for
the proprietary funds is considered cash and cash equivalents.
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NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
e. Assets, Deferred Outflow of Resources, Liabilities, Deferred Inflow of Resources, and Net Position or
Equity (Continued)
Restricted Section 115 Trust Cash and Investments
All assets in the Section 115 Trust are irrevocably dedicated to funding obligations of the City’s pension
beneficiaries, other post-employment beneficiaries or costs of administering the Trust. The funds are
not considered plan assets of either the pension plan or OPEB plan and are therefore considered
restricted assets of the City.
Inventory
Inventory is valued at cost using the first in/first out (FIFO) method. The City uses the consumption
method of accounting for inventories.
Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as
prepaid items in both government-wide and fund financial statements. The City utilizes the
consumption method, in which prepaid items are accounted for in the period that the benefit was
received.
Capital Assets
Capital assets (including infrastructure) are recorded at cost where historical records are available and
at an estimated historical cost where no historical records exist. Contributed capital assets are valued
at their acquisition value at the date of the contribution. Generally, capital asset purchases in excess of
$5,000 are capitalized if they have an expected useful life of three years or more.
Capital Assets include public domain (infrastructure) consisting of certain improvements including
roads, streets, sidewalks, medians, and storm drains.
Capital assets used in operations are depreciated over their estimated useful lives using the straight-line
method in the government-wide financial statements and in the fund financial statements of the
proprietary funds. Depreciation is charged as an expense against operations and accumulated
depreciation is reported on the respective balance sheet.
The following schedule summarizes capital asset useful lives:
Building and improvements 10-30 years
Equipment and furniture 3-20 years
Vehicles 5-10 years
Infrastructure 10-50 years
Software 5-10 years
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NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
e. Assets, Deferred Outflow of Resources, Liabilities, Deferred Inflow of Resources, and Net Position or
Equity (Continued)
Property Taxes
Under California law, property taxes are assessed and collected by the counties up to 1 percent of
assessed value, plus other increases approved by the voters. The property taxes are recorded initially
in a pool, and are then allocated to the cities based on complex formulas. Accordingly, the City of La
Quinta accrues only those taxes that are received from the County within ninety days after year-end.
Lien date January 1
Levy date July 1
Due dates November 1 and February 1
Collection dates December 10 and April 10
Deferred Outflows/Inflows of Resources
In addition to assets, the statements of net position and the governmental fund balance sheet will
sometimes report a separate section for deferred outflows of resources. This separate financial
statement element, deferred outflows of resources, represents a consumption of net position that applies
to a future period(s) and so will not be recognized as an outflow of resources (expense/ expenditure)
until then. Governmental activities recorded deferred outflows of resources related to pensions and
OPEB of $3,336,256 and $209,118, respectively.
In addition to liabilities, the statements of net position and governmental fund balance sheet will
sometimes report a separate section for deferred inflows of resources. This separate financial statement
element, deferred inflows of resources, represents an acquisition of net position that applies to a future
period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The City
has reported items on the Governmental Fund Balance Sheet as unavailable revenues that were not
received within the City’s availability period. Additionally, Governmental activities recorded deferred
inflows of resources related to pensions and OPEB of $1,027,528 and $39,483, respectively.
Compensated Absences
Vacation and sick time is vested on a percentage based on number of years employed at the City.
Maximum accumulation of sick and vacation is 40 and 60 days, respectively.
Upon termination or retirement, permanent employees are entitled to receive compensation at their
current base salary for all unused vacation leave. If an employee terminates with a minimum of two
years’ service, the employee is entitled to receive 25 percent of the value of his unused sick leave. The
percentage increases by 25 percent for each five-year period until the employee is entitled to 100
percent of the value of their unused sick leave. This will occur upon the completion of twenty years of
continuous employment. The General Fund resources are used to pay for the accumulated benefits to
employees.
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NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
e. Assets, Deferred Outflow of Resources, Liabilities, Deferred Inflow of Resources, and Net Position or
Equity (Continued)
Long-Term Obligations
In the government-wide financial statements and proprietary fund financial statements, long-term debt
and other long-term obligations are reported as liabilities in the applicable governmental activities,
business-type activities or proprietary fund type statement of net position. Bond premiums and
discounts are deferred and amortized over the life of the bonds using the effective interest method.
Bonds payable are reported net of the applicable bond premium or discount.
In the fund financial statements, governmental fund types recognize bond premiums and discounts, as
well as bond issuance costs, during the current period. The face amount of debt issued is reported as
other financing sources. Premiums received on debt issuances are reported as other financing sources
while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not
withheld from the actual debt proceeds received, are reported as debt service expenditures.
Fund Balance
In the fund financial statements, governmental funds report the following fund balance classifications:
Nonspendable includes amounts that cannot be spent because they are either (a) not in spendable form
or (b) legally or contractually required to be maintained intact.
Restricted includes amounts that are constrained on the use of resources by either (a) external creditors,
grantors, contributors, or laws of regulations of other governments or (b) by law through constitutional
provisions or enabling legislation.
Committed includes amounts that can only be used for specific purposes pursuant to constraints
imposed by formal action of the City’s highest authority, the City Council. The formal action that is
required to be taken to establish, modify, or rescind a fund balance commitment is by a resolution.
Assigned includes amounts that are constrained by the City’s intent to be used for specific purposes,
but are neither restricted nor committed. City Council is authorized to assign amounts to a specific
purpose. The City Council authorizes assigned amounts for specific purposes pursuant to the policy-
making powers granted through a resolution.
Unassigned includes the residual amounts that have not been restricted, committed, or assigned to
specific purposes. The general fund is the only fund that reports a positive unassigned fund balance.
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NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
e. Assets, Deferred Outflow of Resources, Liabilities, Deferred Inflow of Resources, and Net Position or
Equity (Continued)
Fund Balance Flow Assumptions – governmental fund financial statements
Sometimes the City of La Quinta will fund outlays for a particular purpose from both restricted and
unrestricted resources (the total of committed, assigned, and unassigned fund balance). In order to
calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the
governmental fund financial statements a flow assumption must be made about the order in which the
resources are considered to be applied.
It is the City’s policy to consider restricted fund balance to have been depleted before using any of the
components of unrestricted fund balance. Further, when the components of unrestricted fund balance
can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund
balance. Unassigned fund balance is applied last.
Net Position Flow Assumption – government-wide and proprietary fund financial statements
Sometimes the City of La Quinta will fund outlays for a particular purpose from both restricted (e.g.,
restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report
as restricted net position and unrestricted net position in the government-wide and proprietary fund
financial statements, a flow assumption must be made about the order in which the resources are
considered to be applied. It is the City’s policy to consider restricted net position to have been depleted
before unrestricted net position is applied.
f. Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the
United States of America requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenditures/expenses during the reporting period.
Actual results could differ from those estimates.
g. New Accounting Pronouncements
Adopted in the Current Year
GASB Statement No. 83 – In November 2016, GASB issued Statement No. 83, Certain Asset Retirement
Obligations. The objective of this Statement is to provide financial statement users with information about
asset retirement obligations that were not addressed in GASB Standards by establishing uniform accounting
and financial reporting requirements for these obligations. The City has determined that the requirements
of this statement do not have a material impact on the financial statements.
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NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
g. New Accounting Pronouncements (Continued)
GASB Statement No. 88 – In March 2018, the GASB issued Statement No. 88, Certain Disclosures Related
to Debt, including Direct Borrowings and Direct Placements. The objective of this Statement is to improve
consistency in the information that is disclosed in the notes to government financial statements related to
debt, including direct borrowings and direct placements, and to provide financial statement users with
additional essential information about debt. The City has determined that the requirements of this statement
do not have a material impact on the financial statements.
Effective in Future Fiscal Years
The City is currently evaluating the potential impact of the following issued, but not yet effective,
accounting standards.
GASB Statement No. 84 – In January 2017, GASB issued Statement No. 84, Fiduciary Activities. The
objective of this Statement is to improve guidance regarding the identification of fiduciary activities for
accounting and financial reporting purposes and how those activities should be reported. This Statement is
effective for reporting periods beginning after December 15, 2018.
GASB Statement No. 87 – In June 2017, GASB issued Statement No. 87, Leases. The objective of this
Statement is to better meet the information needs of financial statement users by improving accounting and
financial reporting for leases; enhancing the comparability of financial statements between governments;
and also enhancing the relevance, reliability (representational faithfulness), and consistency of information
about the leasing activities of governments. This Statement is effective for reporting periods beginning after
December 15, 2019.
GASB Statement No. 89 – In June 2018, the GASB issued Statement No. 89, Accounting for Interest Cost
Incurred Before the End of a Construction Period. The objectives of this Statement are (a) to enhance the
relevance and comparability of information about capital assets and the cost of borrowing for a reporting
period and (b) to simplify accounting for certain interest costs. This Statement is effective for reporting
periods beginning after December 15, 2019.
GASB Statement No. 90 – In September 2018, the GASB issues Statement No. 90, Majority Equity
Interests, an amendment of GASB Statements No. 14 and No. 61. The objectives of this Statement are to
improve the consistency and comparability of reporting a government’s majority equity interest in a legally
separate organization and to improve the relevance of financial statement information for certain component
units. The Statement is effective for reporting periods beginning after December 15, 2018.
GASB Statement No. 91 – In May 2019, the GASB issued Statement No. 91, Conduit Debt Obligations.
The objective of this statement is to better meet the information needs of financial statement users by
enhancing the comparability and consistency of conduit debt obligation reporting and reporting of related
transactions and other events by state and local government issuers. This statement is also intended to
improve the relevance, reliability, and understandability of information about conduit debt obligations, as
well as related transactions and other events. The Statement is effective for reporting periods beginning
after December 15, 2020.
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II. DETAILED NOTES ON ALL FUNDS
NOTE 2: CASH AND INVESTMENTS
Cash and investments as of June 30, 2019, are classified in the accompanying financial statements as follows:
Statement of Net Position:
Cash and investments 135,320,203$
Restricted cash and investments 6,540,000
Statement of Fiduciary Net Position:
Cash and investments 36,709,154
Cash and investments with fiscal agent 1,675
Total Cash and Investments 178,571,032$
Cash and investment as of June 30, 2019, consist of the following:
Cash on hand 3,300$
Deposits with financial institutions 4,779,900
Investments 173,787,832
Total Cash and Investments 178,571,032$
Investments Authorized by the California Government Code and the City’s Investment Policy
The table below identifies the investment types that are authorized by the California Government Code and the
City’s investment policy. The table also identifies certain provisions of the California Government Code (or the
City’s investment policy, if more restrictive) that address interest rate risk, credit risk, and concentration of credit
risk.
This table does not address investments of debt proceeds held by bond trustee that are governed by the provisions
of debt agreements of the City, rather than the general provisions of the California Government Code or the City’s
investment policy.
Maximum Maximum
Maximum Percentage Investment
Investment Types Maturity Allowed in One Issuer
U.S. Treasury Obligations 5 years N/A N/A
U.S. Agency Securities 5 years N/A 20 million
Local Agency Bonds 5 years N/A N/A
California Local Agency Obligations 5 years N/A N/A
Commercial Paper 270 days 25% 10% of any outstanding issue
Certificates of Deposit 5 years 30%250,000
Negotiable Certificates of Deposits 5 years 30%250,000
Corporate Notes 5 years 30%5 million
Investment Pools (Riverside County Pool)N/A N/A N/A
Money Market Mutual Funds N/A 20%10% of City funds
Local Agency Investment Fund (LAIF)N/A N/A 65 million
Investment Agreements 92 days 20%N/A
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NOTE 2: CASH AND INVESTMENTS (CONTINUED)
Investments Authorized by the City Section 115 Trust
Investments of the Trust are governed by the provisions of the City of La Quinta Section 115 Trust Agreement,
rather than the general provisions of the California Government Code or the City’s investment policy. Investments
authorized for funds held in the Section 115 Trust include Equity and Fixed Income Mutual Funds. The strategic
range allowed for Equity and Fixed Income Mutual Funds is 5%-20% and 60%-95%, respectively. There are no
limitations on the maximum amount that can be invested in one issuer or the maximum maturity of an investments.
Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment.
Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market
interest rates.
One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of short term
and long term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing
or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for
operations.
Information about the sensitivity of the fair values of the City’s investments (including investments held by bond
trustee) to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s
investments by maturity:
1 year
Investment Type Total Or Less 1 to 3 years 3 to 5 years
Certificates of Deposit 22,392,489$ 2,683,351$ 8,538,398$ 11,170,740$
Federal agency securities:
Federal Farm Credit Bank 3,751,605 1,497,805 997,950 1,255,850
Federal National Mortgage Association 2,993,760 2,993,760 - -
Federal Home Loan Mortgage Corp 8,651,526 - 5,499,295 3,152,231
Federal Home Loan Bank 6,473,420 - 5,958,015 515,405
U.S. Treasury Notes 14,887,090 5,476,230 8,908,400 502,460
Corporate Notes 3,900,512 997,884 1,496,920 1,405,708
Local Agency Investment Fund 73,995,736 73,995,736 - -
CAMP 20,531,378 20,531,378
Riverside County Pool 9,864,841 9,864,841 - -
Section 115 Trust
Equity Mutual Funds 981,000 981,000
Fixed Income Mutual Funds 5,362,800 5,362,800
Held by Fiscal Agent:
Money Market Mutual Funds 1,675 1,675 - -
Total 173,787,832$ 124,386,460$ 31,398,978$ 18,002,394$
Remaining Maturity (in Years)
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NOTE 2: CASH AND INVESTMENTS (CONTINUED)
Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the
investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization.
The City's investment policy limits investments in commercial paper and money market mutual funds to those rated
the highest rating as rated by Moody’s or Standard and Poor’s (S&P). Presented below are the S&P ratings as of
year-end:
Investment Type Total Not Rated AAA AA+AA AA-
Federal Agency Securities 21,870,311$ -$ -$ 21,870,311$ -$ -$
Corporate Notes 3,900,512 - 898,218 495,160 505,610 2,001,525
Section 115 Trust
Equity Mutual Funds 981,000 981,000 - - - -
Fixed Income Mutual Funds 5,362,800 5,362,800 - - - -
Total 32,114,623 6,343,800$ 898,218$ 22,365,471$ 505,610$ 2,001,525$
Exempt from Credit Risk disclosure:
U.S. Treasury Notes 14,887,090
Not rated:
Certificates of Deposit 22,392,489
Local Agency Investment Pool 73,995,736
CAMP 20,531,378
Riverside County Pool 9,864,841
Held by Fiscal Agent:
Money Market Mutual Funds 1,675
Total investments 173,787,832$
Concentration of Credit Risk
Investments in any one issuer that represent 5 percent or more of total City’s investments are as follows:
Issuer Investment Type
Reported
Amount
Percent of
Porfolio
Federal Home Loan Mortgage Corp Federal Agency Securities 8,651,526$ 5%
Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a
government will not be able to recover its deposits or will not be able to recover collateral securities that are in the
possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure
of the counterparty (e.g., broker-dealer) to a transaction, a government will not be able to recover the value of its
investment or collateral securities that are in the possession of another party. The California Government Code and
the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial
credit risk for deposits or investments, other than the following provision for deposits: The California Government
Code requires that a financial institution secure deposits made by state or local governmental units by pledging
securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the
governmental unit). The market value of the pledged securities in the collateral pool must equal at least 110 percent
of the total amount deposited by the public agencies. California law also allows financial institutions to secure City
deposits by pledging first trust deed mortgage notes having a value of 150 percent of the secured public deposits, or
by letters of credit issued by the Federal Home Loan Bank of San Francisco having a value of 105 percent of the
secured public deposits.
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NOTE 2: CASH AND INVESTMENTS (CONTINUED)
As a public funds depository Wells Fargo maintains a public funds deposit collateralization program that is designed
to comply with all applicable statutes and regulations governing public funds deposits, including pledge and
perfection of collateral. Accounts holding public funds are labeled as such and trigger collateralization. Collateral
needs are met based on the prior day close of business. However, same-day collateral requests may be
accommodated upon request.
Investment in Riverside County Pool
The City is a voluntary participant in the Riverside County Pooled Investment Fund that is regulated by California
Government Code Section 53646 and managed by the Riverside County Treasurer. The City’s investment in this
pool is reported in the accompanying financial statements of net position and prepared using the accrual basis of
accounting. Investments are reported at fair value. The balance available for withdrawal is based on the accounting
records maintained by the County.
Investment in State Investment Pool
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by the California
Government Code under the oversight of the Treasurer of the State of California. The fair value of the City’s
investment in this pool is reported in the accompanying financial statements at amounts based upon the City’s pro-
rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relations to the amortized cost of that
portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are
recorded on an amortized cost basis. Deposits and withdrawals are made on the basis of $1 and not fair value.
Accordingly, the City’s measurement of fair value of its investment with LAIF is based on uncategorized inputs,
not defined as a level 1, level 2, or level 3 input. LAIF is not registered with the Securities and Exchange
Commission and is not rated.
Investment in California Asset Management Program
The City is a voluntary participant in the California Asset Management Program (CAMP) that is regulated by the
California Government Code Section 53601 (p) and managed by a Board of Trustees comprised of finance directors
and treasurers of California public agencies that are members of the Joint Powers Authority. The City’s investment
in this pool is reported in the accompanying financial statements of net position and prepared using the accrual basis
of accounting. Investments are reported at fair value. The balance available for withdrawal is based on the
accounting records maintained by CAMP.
Fair Value Measurements
The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted
accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset.
Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable
inputs; Level 3 inputs are significant unobservable inputs. Investments categorized as Level 2 are valued using the
market approach and quoted market prices.
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NOTE 2: CASH AND INVESTMENTS (CONTINUED)
The City has the following recurring fair value measurements as of June 30, 2019:
Total 1 2
Investments:
U.S. Treasury Notes 14,887,090$ 14,887,090$ -$
Federal Agency Securities 21,870,311 - 21,870,311
Corporate Notes 3,900,512 - 3,900,512
Certificates of Deposit 22,392,489 - 22,392,489
Section 115 Trust
Equity Mutual Funds 981,000 981,000 -
Fixed Income Mutual Funds 5,362,800 5,362,800 -
Total Leveled Investments 69,394,202 21,230,890$ 48,163,312$
Investments with uncategorized inputs:
Local Agency Investment Fund 73,995,736
CAMP 20,531,378
Riverside County Pool 9,864,841
Held by Fiscal Agent
Money Market Mutual Funds 1,675
Total Investments 173,787,832$
Level
NOTE 3: NOTES RECEIVABLE
In September 1994, the former redevelopment agency sold certain real property to LINC Housing for $2,112,847.
The property was used to construct single-family homes and rental units to increase the City's supply of low and
moderate income housing. The note bears interest at 6 percent per annum and is due in full on June 15, 2029. On
February 1, 2012, this receivable was transferred to the Housing Authority, which took over the housing function
of the former redevelopment agency upon dissolution. The balance at June 30, 2019, including accrued interest of
$2,896,841 is $4,932,229.
In February 2011, the former redevelopment agency entered into Disposition and Development Agreement with
Coral Mountain Partners L.P. (“Coral Mountain”) to fund up to $29,000,000 for the construction of a low and
moderate income apartment complex with an estimated completion date of the apartment complex of March 2014.
The former redevelopment agency’s $29,000,000 loan is evidenced by a Promissory Note executed by Coral
Mountain (“Note”). Interest on the outstanding note amount will bear simple interest of 1 percent. Principal and
interest will be repaid on or before May 1st of each year from annual residual receipts as defined in the Note once
the project is completed and may be repaid early if the property is refinanced, or if the property is transferred to
another entity. On February 1, 2012, this receivable was transferred to the Housing Authority which took over the
housing function of the former redevelopment agency upon dissolution. As of June 30, 2019, the outstanding
principal balance is $20,832,253 and the outstanding interest balance is $1,157,500.
Other notes receivable as of February 1, 2012, included in the Housing Authority which took over the housing
function of the former redevelopment agency upon dissolution totaled $22,781 at June 30, 2019.
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NOTE 4: CAPITAL ASSETS
Capital asset activity for governmental activities for the year ended June 30, 2019, is as follows:
Balance at Balance at
July 1, 2018 Additions Deletions Transfers June 30, 2019
Governmental activities:
Capital assets, not being depreciated:
Land 66,594,534$ -$ 22,600$ -$ 66,571,934
Right of way 285,487,343 370,010 - - 285,857,353
Construction-in-progress 14,151,774 17,853,824 447,717 (1,872,964) 29,684,917
Total Capital Assets,
Not Being Depreciated 366,233,651 18,223,834 470,317 (1,872,964) 382,114,204
Capital assets, being depreciated:
Buildings and improvements 72,709,719 287,633 - 601,307 73,598,659
Equipment and furniture 3,500,711 384,378 416,024 - 3,469,065
Vehicles 1,740,820 153,718 215,742 - 1,678,796
Infrastructure 223,887,311 - - 1,271,657 225,158,968
Total Capital Assets,
Being Depreciated 301,838,561 825,729 631,766 1,872,964 303,905,488
Less accumulated depreciation for:
Buildings and improvements 32,050,127 2,336,131 - - 34,386,258
Equipment and furniture 2,488,672 217,871 416,024 - 2,290,519
Vehicles 740,574 319,842 209,996 - 850,420
Infrastructure 121,879,245 6,633,310 - - 128,512,555
Total Accumulated
Depreciation 157,158,618 9,507,154 626,020 - 166,039,752
Total Capital Assets,
Being Depreciated, Net 144,679,943 (8,681,425) 5,746 1,872,964 137,865,736
Governmental Activities
Capital Assets, Net 510,913,594$ 9,542,409$ 476,063$ -$ 519,979,940
Depreciation expense was charged to the following functions in the Statement of Activities:
General governments 348,408$
Planning & development 24,628
Community services 1,328,314
Public works 6,728,824
Internal service funds 1,076,980
9,507,154$
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NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
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NOTE 4: CAPITAL ASSETS (CONTINUED)
Capital asset activity for business-type activities for the year ended June 30, 2019, is as follows:
Balance at Balance at
July 1, 2018 Additions Deletions June 30, 2019
Business-Type activities:
Capital assets, not being depreciated:
Land 39,712,955$ -$ -$ 39,712,955
Capital assets, being depreciated:
Buildings and improvements 6,636,465 - - 6,636,465
Equipment and furniture 2,046,712 44,340 185,512 1,905,540
Software 20,255 - - 20,255
Total Capital Assets,
Being Depreciated 8,703,432 44,340 185,512 8,562,260
Less accumulated depreciation for:
Buildings and improvements 3,079,643 214,545 - 3,294,188
Equipment and furniture 1,730,610 40,138 185,512 1,585,236
Software 20,255 - - 20,255
Total Accumulated
Depreciation 4,830,508 254,683 185,512 4,899,679
Total Capital Assets,
Being Depreciated, Net 3,872,924 (210,343) - 3,662,581
Business-Type Activities
Capital Assets, Net 43,585,879$ (210,343)$ -$ 43,375,536
Depreciation expense was charged to the following functions in the Statement of Activities:
Golf Course 254,683$
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NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
51
NOTE 5: CHANGES IN LONG-TERM LIABILITIES – GOVERNMENTAL ACTIVITIES
Changes in Long-Term Debt
The following is a summary of changes in governmental long-term liabilities of the City for the fiscal year ended
June 30, 2019:
Balance at Balance Due within
July 1, 2018 Additions Deletions June 30, 2019 One year
Governmental Activities:
Compensated absences payable 823,842$ 941,955$ 823,842$ 941,955$ 2,291$
Copier lease payable 23,300 85,428 19,969 88,759 22,820
Dell Computer lease 5,112 - 4,474 638 638
Fleet Vehicle Lease 638,623 29,951 - 668,574 150,706
Note payable - Eisenhower Dr. Property 1,125,000 - 1,125,000 - -
Financing Authority:
Revenue bonds 650,000 - 650,000 - -
Net Pension Liability 12,612,523 - 208,832 12,403,691 -
15,878,400$ 1,057,334$ 2,832,117$ 14,103,617$ 176,455$
A description of the City’s Net Pension Liability is detailed at Note 8.
Copier Leases Payable
In June 2013, the City entered into a 5-year lease agreement for photocopiers for $71,045 maturing in monthly
increments of $1,456, with interest payable monthly at 8.47 percent. This lease agreement qualifies as a capital
lease for accounting purposes and therefore, has been recorded at the present value of the future minimum lease
payments at the inception date.
On April 1, 2015, the City leased an additional copier for $9,000 maturing in monthly increments of $1,728, with
interest payable monthly at 8.47 percent.
On July 1, 2018, the City leased additional copiers for $85,428 maturing in monthly increments of $1,794, with
interest payable monthly at 9.5 percent.
The minimum future lease obligations and the net present value of the lease payments as of June 30, 2019, are as
follows:
Year Ending
June 30,Total
2020 29,688$
2021 29,688
2022 22,208
2023 21,527
2024 1,794
Total Payments 104,905
Less amount representing interest (16,146)
Outstanding Principal 88,759$
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JUNE 30, 2019
52
NOTE 5: CHANGES IN LONG-TERM LIABILITIES – GOVERNMENTAL ACTIVITIES
(CONTINUED)
Dell Computer Lease Payable
In April 2014, the City entered into a 5-year lease agreement for Dell computers for $90,629 maturing in annual
increments ranging from $20,693 to $408, with interest payable annually at 4.79%. In August 2015, the City entered
into another 5-year lease for Dell computers for $17,682 maturing in annual increments from $16,620 to $639, with
interest payable annually at 4.07%. This lease agreement qualifies as a capital lease for accounting purposes and
therefore, has been recorded at the present value of the future minimum lease payments at the inception date.
The minimum future lease obligations and the net present value of the lease payments as of June 30, 2019, are as
follows:
Year Ending
June 30,Total
2020 665$
Total Payments 665
Less amount representing interest (27)
Outstanding Principal 638$
Fleet Vehicle Lease
In January of 2017 the City entered into a vehicle lease agreement with Enterprise Fleet Management with the goal
of replacing all light duty vehicles. Pool vehicles are also included in the replacement program and are utilized by
multiple departments. In fiscal year 2016-17, 16 vehicles were replaced with five-year leases ranging from $22,453
to $35,578. In fiscal year 2017-18, 11 vehicles were replaced with five-year leases ranging from $26,926 to $42,233.
In fiscal year 2018-19, an additional six vehicles were replaced with five-year leases ranging from $22,460 to
$35,103 for a total of 33 vehicles. This lease agreement qualifies as a capital lease for accounting purposes and
therefore, has been recorded at the present value of the future minimum lease payment at the inception date. The
minimum future lease obligations and the net present value of the lease payments as of June 30, 2019, are as follows:
Year Ending
June 30,Total
2020 150,706$
2021 166,194
2022 227,833
2023 109,754
2024 14,087
Outstanding Principal 668,574$
Note Payable – Eisenhower Drive Property
In March 2017, the City secured a note in the amount of $2,250,000 to fund the acquisition of property located on
Eisenhower Drive to be used as a drainage retention basin. The note accrues interest at 3.5% and is being paid in
two annual installments beginning in fiscal year 2017-18. The final payment was made in fiscal year 2018-19 in the
amount of $1,125,000.
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NOTE 5: CHANGES IN LONG-TERM LIABILITIES – GOVERNMENTAL ACTIVITIES
(CONTINUED)
1996 Lease Revenue Refunding Bonds
On November 15, 1996, the Financing Authority issued $8,790,000 of 1996 Lease Revenue Bonds to defease the
remaining 1991 Local Agency Revenue Bonds in the amount of $8,200,000 and to provide funds for construction
of remaining improvements to the La Quinta Civic Center site. The final principal payment on the bonds was
made in fiscal year 2018-19 in the amount of $650,000.
NOTE 6: INTERFUND RECEIVABLES AND PAYABLES
The composition of current interfund receivable and payable balances is as follows:
Internal Service Non-Major
Due from Other Funds Funds Governmental Total
General Fund 385,439$ 42,968$ 428,407$
Due to Other Funds
Interfund balances reflect short term borrowings for deficit cash balances at June 30, 2019.
NOTE 7: INTERFUND TRANSFERS
Capital
Improvements Non-Major Internal
Transfers In:General Fund Fund Governmental Service Fund Total
General Fund -$ 286,590$ -$ -$ 286,590$
Capital Improvements Fund 4,238,843 3,481,688 10,706 7,731,237
Non-major Governmental Funds 4,895,562 25,243 3,964 - 4,924,769
Internal Service Funds 445,000 - - 445,000
Golf Course Fund 450,000 - - - 450,000
Total 10,029,405$ 311,833$ 3,485,652$ 10,706$ 13,837,596$
Transfer Out
a) $286,590 was transferred to the General Fund from the Capital Improvement Fund as a reimbursement for rebates and
grant funding received.
b) $4,238,843 was transferred from the General Fund to the Capital Improvement Fund to fund various capital projects.
c) $3,481,688 was transferred to Capital Improvement Fund from various non-major funds whereby available external
grant funding was received and appropriated first for various projects.
d) $10,706 was transferred to the Capital Improvement Fund from the Internal Service Funds to support various capital
projects and preventative maintenance.
e) $4,895,562 was transferred from the General Fund to various non-major funds to support various administrative
operations and expenses within the City.
f) $25,243 and $3,964 was transferred from the Capital Improvement Fund and between non-major funds to repay the
Development Impact Fee (DIF) loan liability and reimbursement for capital improvements.
g) $445,000 was transferred from the General Fund to various Internal Service Funds.
h) $450,000 was transferred from the General Fund to the Golf Cour se Fund to subsidize operations.
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NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
54
NOTE 8: DEFINED BENEFIT PENSION PLAN
Miscellaneous Plan
Plan Description
All qualified employees are eligible to participate in the City’s Miscellaneous Employee Pension Plan, a cost-
sharing multiple-employer defined benefit pension plans administered by the California Public Employees’
Retirement System (CalPERS). Benefit provisions under these plans are established by State statute and City
resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding
benefit provision, assumption and membership information. Copies of the report can be found on the CalPERS
website.
Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits
to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service,
equal to one year of full time employment. Members with five years of total service are eligible to retire at age 50
with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 10 years of service.
The death benefit is one of the following: The Basic Death Benefit, the 1959 Survivor Benefit, or the Optional
Settlement 2W Death Benefit. The cost of living adjustments for each plan are applied as specified by the Public
Employees’ Retirement Law. The Plan’s provisions and benefits in effect at June 30, 2019 are summarized as
follows:
Tier I Tier II PEPRA
On and after On and after On and after
Hire date December 16, 1983 December 17, 2012 January 1, 2013
Benefit formula 2.5% @55 2% @60 2% @62
Benefit vesting schedule 5 years service 5 years service 5 years service
Benefit payments monthly for life monthly for life monthly for life
Retirement age 50 and up 50 and up 52 and up
Monthly benefits, as a % of eligible
compensation 2% to 2.5% 2% to 2.5% 1% to 2%
Required employee contribution rates 8.00%7.00%6.25%
Required employer contribution rates 10.609%7.634%6.842%
Contributions
Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer
contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective
on the July 1 following notice of a change in the rate. Funding contributions are determined annually on an actuarial
basis as of June 30th by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the
costs of benefits earned by employees during the year, and any unfunded accrued liability. The employer is required
to contribute the difference between the actuarially determined rate and the contribution rate of employees.
Employer contributions to the pension plan were $1,299,600 for the year ended June 30, 2019.
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JUNE 30, 2019
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NOTE 8: DEFINED BENEFIT PENSION PLAN (CONTINUED)
Pension Liabilities, Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions
As of June 30, 2019, the City reported a liability of $12,403,691 for its proportionate share of the collective net
pension liability. The net pension liability was measured as of June 30, 2018, and the total pension liability used to
calculate the net pension liability was determined by an actuarial valuation as of June 30, 2017, and rolled forward
to June 30, 2018. The City’s proportion of the collective net pension liability was based on a projection of the
City’s long-term share of contributions to the pension plan relative to the projected contributions of all participating
employers, actuarially determined. The City’s proportion of the collective net pension liability as of June 30, 2017
and 2018 is as follows:
Proportion- June 30, 2017 0.12718 %
Proportion- June 30, 2018 0.12872 %
Change- Increase (Decrease)0.00154 %
For the year ended June 30, 2019, the City recognized pension expense of $1,843,105.
At June 30, 2019, the City reported deferred outflows and deferred inflows of resources related to pensions as
follows:
Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date 1,299,600$ -$
Changes in assumptions 1,414,057 346,559
Differences between expected and actual experience 475,908 161,948
Net difference between projected and actual earnings on
pension plan investments 61,321 -
Change in employer's proportion 85,370 99,777
Difference between the city's contribution and
proportionate share of contributions - 419,244
Total 3,336,256$ 1,027,528$
The $1,299,600 reported as deferred outflows of resources resulting from contributions subsequent to the
measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2020.
Other amounts reported as deferred outflows or deferred inflows of resources related to pensions will be recognized
as pension expense as follows:
Year Ended
June 30,
2020 1,034,200$
2021 549,783
2022 (463,291)
2023 (111,564)
1,009,128$
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NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
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NOTE 8: DEFINED BENEFIT PENSION PLAN (CONTINUED)
Actuarial Methods and Assumptions Used to Determine Total Pension Liability
For the measurement period ended June 30, 2018 (the measurement date), the total pension liability was determined
by rolling forward the June 30, 2017 total pension liability. The total pension liability in the June 30, 2017 actuarial
valuation was determined using the following actuarial methods and assumptions:
Miscellaneous
Valuation Date June 30, 2017
Measurement Date June 30, 2018
Actuarial Cost Method
Discount Rate 7.15%
Inflation 2.50%
Payroll Growth 3.00%
Projected Salary Increase Varies by Entry Age and Service
Investment Rate of Return 7.15%
Mortality Rate Table Derived using CalPERS' Membership Data for all Fund
Entry-Age Normal Cost Method
Discount Rate
The discount rate used to measure the total pension liability was 7.15 percent. The projection of cash flows used to
determine the discount rate assumed that employee contributions will be made at the current contribution rate and
that the City’s contributions will be made at rates equal to the difference between actuarially determined
contributions rates and the employee rate. Based on those assumptions, each pension plan’s fiduciary net position
was projected to be available to make all projected future benefit payments of current active and inactive employees.
Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected
benefit payments to determine the total pension liability.
In determining the long-term expected percent rate of return on pension plan investments, CalPERS took into
account both short and long-term market return expectations as well as the expected pension fund cash flows. Based
on the expected benefit payments of the Public Employees’ Retirement Fund, CalPERS indicated that a 19 year
horizon was ideal in determining the level equivalent discount rate assumption. Using historical returns of all the
funds’ asset classes, expected compound (geometric) returns were calculated over the short-term (first 10 years)
and the long-term (11-60 years) using a building-block approach. Using the expected nominal returns for both
short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return
was then set equivalent to the single equivalent rate calculated above and rounded down to the nearest one quarter
of one percent. The target allocation and best estimates of arithmetic real rates of return for each major asset class
are the same for the Plan. These geometric rates of return are summarized in the following table:
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JUNE 30, 2019
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NOTE 8: DEFINED BENEFIT PENSION PLAN (CONTINUED)
Asset Class
New Strategic
Allocation
Real Return
Years 1 - 10
Real Return
Years 11+
Global Equity 50.00%4.80%5.98%
Fixed Income 28.00%1.00%2.62%
Inflation Assets 0.00%0.77%1.81%
Private Equity 8.00%6.30%7.23%
Real Estate 13.00%3.75%4.93%
Liquidity 1.00%0.00%-0.92%
Total 100%
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate
The following presents the City’s proportionate share of the net position liability for each Plan, calculated using the
discount rate for each Plan, as well as what the City’s proportionate share of the net pension liability would be if it
were calculated using a discount rate that is 1 percent point lower or 1 percent higher than the current rate:
Discount Rate - 1% Current Discount Rate Discount Rate +1%
(6.15%)(7.15%)(8.15%)
Net Pension Liability 18,944,406$ 12,403,691$ 7,004,438$
Pension Plan Fiduciary Net Position
Detailed information about the Plan’s fiduciary net position is available in the separately issued CalPERS financial
reports.
NOTE 9: DEFINED CONTRIBUTION PLAN
Plan Description
The Supplemental Pension Savings Plan is a defined contribution pension plan established by the City to provide
retirement excess benefits to general employees of the City. At June 30, 2019, there was one plan member. There
are no required contributions by plan members. During the 2018-2019 fiscal year the City made no contributions
to fund the Supplemental Pension Savings Plan.
NOTE 10: OTHER POST EMPLOYMENT BENEFIT PLAN (OPEB)
Plan Description
The City’s Retiree Health Plan is a single-employer defined benefit healthcare plan. The City contributes on behalf
of all eligible retirees’ $133/month for the calendar year 2018 and $136/month for calendar year 2019, increased in
all future years according to the rate of medical inflation. These benefits are provided per contract between the City
and the employee associations. A separate financial report is not available for the plan.
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NOTE 10: OTHER POST EMPLOYMENT BENEFIT PLAN (OPEB) (CONTINUED)
The City participates in the California Employers’ Retiree Benefit Trust (CERBT) for the purpose of accumulating
funding for OPEB obligations. The CERBT is a Section 115 Trust and is an agent multiple employer plan for those
electing to prefund OPEB obligations.
Benefits Provided
Retirees are eligible for medical benefits if they retire at age 50+, have 5+ years of service within CalPERS, and
were enrolled in the CalPERS health system at retirement. The City provides PEMHCA minimum for each
subscriber, regardless of elected coverage tier.
Employees Covered by Benefit Terms
At June 30, 2018, the most recent valuation date, the following current and former employees were covered by the
benefit terms of the plan:
Active employees 91
Inactive employees or beneficiaries currently receiving benefits 19
Total 110
Contributions
The City makes contributions to the plan based on an actuarially determined rate. Employees are not required to
contribute to the plan. For the year ended June 30, 2019, the City made no contributions to the CERBT trust.
Net OPEB Liability/(Asset)
Actuarial Assumptions – The net OPEB liability/(asset) in the June 30, 2018 actuarial valuation was determined
using the following actuarial assumptions, applied to all periods included in the measurement:
Actuarial Cost Method Entry-Age Normal Cost Method
Actuarial Assumptions:
Discount Rate 6.00%
Inflation 2.50%
Payroll Growth 2.75%
Investment Rate of Return 6.00%
Mortality (1)
Healthcare Trend Rate 7% in the first year, trending down to 4% over 58 years.
(1) Derived using CalPERS Membership Data for all Funds
Mortality rates were based on the CalPERS 1997-2011 Experience Study, which assumed future mortality
improvements using Society of Actuaries (SOA) Scale BB. The Experience Study report can be obtained on the
CalPERS website under Forms and Publications.
The actuarial assumptions used in the June 30, 2018 valuation were based on the results of an actuarial experience
study for the period.
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NOTE 10: OTHER POST EMPLOYMENT BENEFIT PLAN (OPEB) (CONTINUED)
Discount Rate – The discount rate used to measure the total OPEB liability was 6 percent for the Plan. The projection
of cash flows used to determine the discount rate assumed that the City contribution will be made at rates equal to
the actuarially determined contribution rates.
Changes in Net OPEB Liability:
The changes in the net OPEB liability/(asset) for the Plan as of the measurement date June 30, 2018 are as follows:
Total OPEB Plan Fiduciary Net OPEB
Liability Net Position Liability/(Asset)
Balance at June 30, 2018 1,380,949$ -$ 1,380,949$
Changes in the year:
Service cost 93,438 - 93,438
Interest 100,177 - 100,177
Differences between expected and actual experience 71,533 - 71,533
Changes of assumptions (44,229) (1,680) (42,549)
Net investment income - - -
Employer contributions - 1,609,970 (1,609,970)
Benefit payments (86,570) (86,570) -
Administrative expense - (406) 406
Net changes 134,349 1,521,314 (1,386,965)
Balance at June 30, 2019 1,515,298$ 1,521,314$ (6,016)$
Sensitivity of the Net OPEB Liability to Changes in the Discount Rate– The following presents the net OPEB
liability of the City, as well as what the City’s net OPEB liability would be if it were calculated using a discount
rate that is 1-percentage-point lower (5 percent) or 1-percentage-point higher (7 percent) than the current discount
rate:
1% Decrease Discount Rate 1% Increase
(5%)(6%)(7%)
Net OPEB Liability/(Asset)172,148$ (6,016)$ (155,952)$
Sensitivity of the Net OPEB Liability to Changes in the Healthcare Cost Trend Rates – The following presents the
net OPEB liability of the City, as well as what the City's net OPEB liability would be if it were calculated using
healthcare cost trend rates that are 1-percentage-point lower (6 percent decreasing to 3 percent) or 1-percentage-
point higher (8 percent decreasing to 5 percent) than the current healthcare cost trend rates:
1% Decrease Current Trend Rate 1% Increase
(6% decreasing
to 3%)
(7% decreasing
to 4%)
(8% decreasing
to 5%)
Net OPEB Liability/(Asset)(184,896)$ (6,016)$ 212,497$
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JUNE 30, 2019
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NOTE 10: OTHER POST EMPLOYMENT BENEFIT PLAN (OPEB) (CONTINUED)
OPEB Expense and Deferred Outflows of Resources Related to OPEB:
For the year ended June 30, 2019, the City recognized OPEB expense of $151,954. At June 30, 2019, the City
reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following
sources.
Deferred Deferred
Outflows of Inflows of
Resources Resources
OPEB contributions subsequent to measurement date 98,584$ -$
Changes in assumptions 39,483
Difference between expected and actual liability 63,858 -
Net difference between projected and investment earnings 46,676 -
Total 209,118$ 39,483$
The $98,584 reported as deferred outflows of resources related to OPEB resulting from City contributions subsequent to the
measurement date will be recognized as a reduction of the net OPEB liability for the fiscal year ending June 30, 2020. Other
amounts reported as deferred outflows or deferred inflows of resources related to OPEB will be recognized in as OPEB expense
as follows:
Year ended
June 30,
2020 14,598$
2021 14,598
2022 14,598
2023 14,598
2024 2,929
Thereafter 9,730
Total 71,051$
NOTE 11: SECTION 115 TRUST
In the fiscal year 2019, the City Council approved the creation of a Section 115 Trust Agreement with U.S Bank
National Association, and Public Agency Retirement Services (PARS), Trust Administrator. The Section 115 Trust
was established as a means to set aside monies to fund the City’s pension and OPEB obligations. Contributions to
the Section 115 Trust are irrevocable, the assets are dedicated to providing benefits to plan member, and the assets
are protected from creditors of the City. The purpose of the creation of the section 115 Trust was to address the
City’s pension obligations by accumulating assets to reduce the net pension liability. However, in accordance with
generally accepted accounting principles, the assets in the Section 115 Trust are not considered to have present
service capacity as plan assets and are therefore considered restricted assets of the City rather than pension plan
assets. Accordingly, the Section 115 Trust’s assets are recorded as restricted for pension benefits in the City’s
General Fund rather than assets of the pension plan during the measurement of the net pension liability. The assets
held in trust will be considered pension plan assets at the time they are transferred out of the Trust into the pension
plan.
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NOTE 11: SECTION 115 TRUST (CONTINUED)
The balance in the Trust for the fiscal year ended June 30, 2019 was $6,540,000.
The City currently funds its OPEB obligations through the CERBT program, and although the newly established
Section 115 Trust is able to accept OPEB funds, the City has no immediate plans to fund OPEB obligations through
the Section 115 Trust.
NOTE 12: RISK MANAGEMENT
Description of Self-Insurance Pool Pursuant to Joint Powers Agreement
The City of La Quinta is a member of the California Joint Powers Insurance Authority (CJPIA). The CJPIA is
composed of 116 California public entities and is organized under a joint powers agreement pursuant to California
Government Code §6500 et seq. The purpose of the CJPIA is to arrange and administer programs for the pooling
of self-insured losses, to purchase excess insurance or reinsurance, and to arrange for group purchased insurance
for property and other lines of coverage. The CJPIA began covering claims of its members in 1978. Each member
government has an elected official as its representative on the Board of Directors. The Board operates through a
nine-member Executive Committee.
Self-Insurance Programs of the CJPIA
Each member pays an annual contribution at the beginning of the coverage period. A retrospective adjustment is
then conducted annually thereafter, for coverage years 2012-13 and prior. Coverage years 2013-14 and forward are
not subject to routine annual retrospective adjustment. The total funding requirement for self-insurance programs
is based on actuarial analysis. Costs are allocated to individual agencies based on payroll and claims history, relative
to other members of the risk-sharing pool.
Primary Liability Program
In the liability program claims are pooled separately between police and general government exposures. (1) The
payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is
determined for each member, which establishes the weight applied to payroll and the weight applied to losses within
the formula. (2) The first layer of losses includes incurred costs up to $30,000 for each occurrence and is evaluated
as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes
incurred costs from $30,000 to $750,000 for each occurrence and is evaluated as a percentage of the pool’s total
incurred costs within the second layer. (4) Incurred costs from $750,000 to $50 million, are distributed based on
the outcome of cost allocation within the first and second loss layers.
The overall coverage limit for each member, including all layers of coverage, is $50 million per occurrence. Costs
of covered claims for subsidence losses have a sub-limit of $40 million per occurrence.
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NOTE 12: RISK MANAGEMENT (CONTINUED)
Workers’ Compensation
In the workers’ compensation program claims are pooled separately between public safety (police and fire) and
general government exposures. (1) The payroll of each member is evaluated relative to the payroll of other
members. A variable credibility factor is determined for each member, which establishes the weight applied to
payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up
to $50,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first
layer. (3) The second layer of losses includes incurred costs from $50,000 to $100,000 for each occurrence and is
evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs from $100,000
to statutory limits are distributed based on the outcome of cost allocation within the first and second loss layers.
For 2018-19, the CJPIA’s pooled retention is $2 million per occurrence, with reinsurance to statutory limits under
California Workers’ Compensation Law.
Employer’s Liability losses are pooled among members to $2 million. Coverage from $2 million to $5 million is
purchased as part of a reinsurance policy, and Employer’s Liability losses from $5 million to $10 million are pooled
among members.
Purchased Insurance
Pollution Legal Liability Insurance – The City of La Quinta participates in the pollution legal liability insurance
program which is available through the Authority. The policy covers sudden and gradual pollution of scheduled
property, streets, and storms drains owned by the City of La Quinta. Coverage is on a claims-made basis. There is
a $50,000 deductible. The Authority has an aggregate limit of $50 million for the 3-year period from July 1, 2017
through July 1, 2020. Each member of the Authority has a $10 million sub-limit during the 3-year policy term.
Property Insurance - The City of La Quinta participates in the all-risk property protection program of the CJPIA.
This insurance protection is underwritten by several insurance companies. City of La Quinta property is currently
insured according to a schedule of covered property submitted by the City of La Quinta to the CJPIA. City of La
Quinta property currently has all-risk property insurance protection in the amount of $72,715,239. There is a
$10,000 deductible per occurrence except for non-emergency vehicle insurance which has a $2,500 deductible.
Special Event Tenant User Liability Insurance – The City of La Quinta further protects against liability damages
by requiring tenant users of certain property to purchase low-cost tenant user liability insurance for certain activities
on agency property. The insurance premium is paid by the tenant user and is paid to the City of La Quinta according
to a schedule. The City of La Quinta then pays for the insurance. The insurance is facilitated by the Authority.
Earthquake and Flood Insurance - The City of La Quinta purchases earthquake and flood insurance on a portion of
its property. The earthquake insurance is part of the property protection insurance program of the Authority. City
of La Quinta property currently has earthquake protection in the amount of $0. There is a deductible of 5% per unit
of value with a minimum deductible of $100,000.
Crime Insurance - The City of La Quinta purchases crime insurance coverage in the amount of “Non Participant”
with a “Non Participant” deductible. The fidelity coverage is provided through the Authority.
Adequacy of Protection
During the past three fiscal years, none of the above programs of protection experienced settlements or judgments
that exceeded pooled or insured coverage.
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NOTE 13: FUND BALANCE
a. Fund Balance Commitments
In the governmental fund financial statements, committed reserves include:
Natural Disaster Emergency Reserves: These funds may be used for the preparation, recovery, and
restoration of services before, during and/or after a natural disaster (such as flood, earthquake, etc.) as
defined by City Code 2.20.020.
The target is $10,000,000 and will be reviewed every five years by conducting a risk analysis of all City
assets, insurance levels, and potential federal/state contributions towards disaster recovery efforts. For the
year ended June 30, 2019, the City has committed $10,000,000 for this purpose.
Economic Downturn Reserves: These funds may be used in such instances as a declared national, state, or
regional recession; loss of a major (top 10) revenue-generating business; or a natural disaster resulting in a
significant decline in revenues. These reserves may also be used if overall revenues decrease or
expenditures increase more than 10% of the previous year’s actual revenues or expenditures.
The target is $11,000,000, based on a 10-year analysis of the revenues and expenditure flows (which
included the financial impacts of the Great Recession). The target will be evaluated again in the event of
another significant economic downturn. For the year ended June 30, 2019, the City has committed
$11,000,000.
Cash Flow Reserves: These funds are maintained to have adequate cash on hand to account for the uneven
receipt of revenue. For example, property tax accounts for a large percentage of annual revenue, the bulk
of which is not remitted until December and May of each year.
The target is $5,000,000 and will be determined annually by analyzing the prior fiscal year by month and
calculating the largest cumulative deficit between revenues and expenditures, with a minimum expectation
of approximately 10% of operating expenditures reserved. The cash flow reserve is fully funded as of
June 30, 2019.
Capital Improvement Reserves: These funds may be used for capital assets and infrastructure rehabilitation,
improvement, and replacement.
The target is $10,000,000 and is based on annual depreciation of assets. For the year ended June 30, 2019,
the City has committed $5,000,000.
Committed to Fiscal Year 2019-2020 carryovers totaled $745,300 at June 30, 2019.
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NOTE 13: FUND BALANCE (CONTINUED)
b. Assigned Fund Balance
The City has the following assigned fund balance shown on the balance sheet:
Assigned to public safety represents property tax accumulated and withheld by the County of Riverside to
be used for fire protection, disaster preparedness, fire prevention, rescue, hazardous materials mitigation,
technical rescue response, medical emergency services, and public service assists. The assigned fund
balance related to this item as of June 30, 2019 is $9,864,841.
Assigned to capital projects is comprised of carryover balances for capital projects and accumulated
resources related to the City’s sales tax Measure G with a combined total of $7,721,975. Capital project
carryover balances as of June 30, 2019 are $11,853,162.
c. Deficit Fund Balance
At June 30, 2019, the following funds had deficit fund balances:
Major Capital Projects Funds:
Capital Improvement (379,923)$
Nonmajor Capital Projects Funds:
Library Development (1,550,246)
Park Facility (1,782)
NOTE 14: GOLF COURSE MANAGEMENT AGREEMENT
The City entered into an agreement with Landmark Golf Management LLC (operator) to manage the golf operations
at the city-owned SilverRock Golf Course. The Agreement entered into on April 6, 2004, sets forth a five-year
term commencing upon the completion of the golf course. On January 14, 2005, the golf course was deemed to be
complete and management was turned over to the operator. The contract has been amended and extended numerous
times with the current contract expiring June 30, 2020. The contract provides that the operator will manage the day
to day operations, hire employees, provide golf pro shop and food services, manage all marketing and promotional
activities, prepare the annual budget report for Council consideration, and manage accounting and payroll functions.
In addition to the annual payment for management services, the City has advanced the operator $250,000 to pay for
golf course expenses. Twice a month the operator submits a request for reimbursement to the City to replenish the
City’s advance. In addition, the agreement sets forth the establishment of a capital reserve fund of 2 percent of
green fees. For the fiscal year ending June 30, 2019, the Golf Course had a loss before transfers of $770,568.
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NOTE 15: CONSTRUCTION COMMITMENTS
Various construction projects were in progress at June 30, 2019. Projects costs are paid out of the capital
improvements fund. The following material construction commitments, for which funds have been encumbered,
existed at June 30, 2019, with an estimated cost to complete.
Expenditures
Project Contract to date as of Remaining
Project Name Number Amount June 30, 2019 Commitments
Madison Street Ave. 50 to Ave. 52 091002 2,914,993$ 2,286,500$ 628,493$
Dune Palms Road Street Improvements 091004 2,483,000 1,440,435 1,042,565
Dune Palms Bridge Improvements 111205 17,510,603 1,612,761 15,897,842
SilverRock Infrastructure Improvements 141513 5,733,021 440,962 5,292,059
LQ Village Complete Streets- Road Diet Proj 151603 11,483,426 1,489,754 9,993,672
La Quinta X Park 151609 4,361,639 848,663 3,512,976
Citywide Drainage Enhancements 151612 8,861,279 5,403,988 3,457,291
HSIP Intersection Improvements 201601 1,260,400 817,320 443,080
HSIP Traffic Signal Interconnect Network 201602 2,261,000 135,831 2,125,169
La Quinta Landscape Renovation Improvement 201603 8,541,292 1,609,210 6,932,082
Civic Center Campus Lake/ Irrigation Conver 201606 675,270 149,335 525,935
SilverRock Event Space 201608 6,000,000 499,618 5,500,382
Washington Street at Fred Waring Dr.201701 551,985 17,788 534,198
Eisenhower Retention Basin Landscape 201704 750,000 26,955 723,046
Jefferson Street Sidewalk Gap Closure 201706 180,000 106,085 73,915
Ave 53 Jefferson St. Roundabout 201709 2,101,617 131,543 1,970,074
Cove Public Restroom 201801 520,000 55,843 464,158
Highway 111 Sidewalk Improvements 201803 500,000 26,555 473,445
Corporate Yard Admin Offices & Crew 201805 411,013 - 411,013
Village Art Plaza Promenade & Cultural Campus 201901 610,000 - 610,000
Avenue 50 Bridge Spanning the Evacuation Channel 201902 2,920,500 - 2,920,500
LQ Skate Park Conver to Other Activity 201903 263,000 - 263,000
Hwy 111 Corridor Area Plan Implementation 201905 1,000,000 - 1,000,000
Hwy 111 Auto Dealership Signage 201906 300,000 - 300,000
Fire Station 70 Revitalization 201907 500,000 - 500,000
Citywide Catch Basin Modification 201908 250,000 - 250,000
Citywide Misc ADA Improvements 201909 103,227 - 103,227
Washington St Apts Rehabilitation & Testa Property 999901 27,996,401 11,478,884 16,517,517
Jefferson St/I-10 (Contributions Costs)999902 632,000 625,703 6,297
NOTE 16: REIMBURSEMENT AGREEMENTS
On September 9, 2014, the City entered into a sales tax sharing agreement with One Eleven La Quinta LLC (“Hobby
Lobby”). Under the terms of the agreement the City shall make quarterly payments of 50 percent of any sales tax
generated from Hobby Lobby in an amount not to exceed $400,000 over an eight-year period. Due to the reporting
of sales tax information by the California Department of Tax and Fee Administration to the City, the reimbursement
payments by the City will lag by one quarter. The agreement terminates when either the $400,000 limit is reached
or in eight years whichever comes first. The Hobby Lobby business opened in December 2014. As of June 30,
2019, the City made $52,160 in reimbursement payments to the owner leaving an outstanding balance of $238,319.
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NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT
AGENCY
On December 29, 2011, the California Supreme Court upheld Assembly Bill 1X 26 (“the Bill”) that provides for
the dissolution of all redevelopment agencies in the State of California. This action impacted the reporting entity
of the City of La Quinta that previously had reported a redevelopment agency within the reporting entity of the City
as a blended component unit.
The Bill provides that upon dissolution of a redevelopment agency, either the city or another unit of local
government will agree to serve as the “successor agency” to hold the assets until they are distributed to other units
of state and local government. On January 3, 2011, the City Council elected to become the Successor Agency for
the Former Redevelopment Agency (‘Former Agency”) in accordance with the Bill as part of City resolution
number 2012-002.
After enactment of the law, which occurred on June 28, 2011, redevelopment agencies in the State of California
cannot enter into new projects, obligations or commitments. Subject to the control of a newly established oversight
board, remaining assets can only be used to pay enforceable obligations in existence at the date of dissolution
(including the completion of any unfinished projects that were subject to legally enforceable contractual
commitments).
In future fiscal years, successor agencies will only be allocated revenue in the amount that is necessary to pay the
estimated annual installment payments on enforceable obligations of the Former Agency until all enforceable
obligations of the prior redevelopment agency have been paid in full and all assets have been liquidated.
In accordance with the timeline set forth in the Bill (as modified by the California Supreme Court on December 29,
2011) all redevelopment agencies in the State of California were dissolved and ceased to operate as a legal entity
as of February 1, 2012.
The Successor Agency to the Former Agency is reported as a fiduciary fund (private purpose trust fund).
a. Cash and Investments
Cash and investments reported in the accompanying financial statements consisted of the following:
Cash and investments pooled with the City 36,573,141$
Cash and investments with fiscal agent 1,675
36,574,816$
b. Loans Receivable
Owner Participation Agreement – Garff Properties, LLC
In July 2010, the Former Agency entered into an Owner Participation Agreement (OPA) with Garff
Properties-La Quinta, LLC (“Garff”) that provides for the Former Agency to provide a rehabilitation loan
to Garff of up to $2,300,000 for the construction of a new auto dealership facility and rehabilitation of an
existing dealership facility. In connection with the OPA, Garff has executed a promissory note which is
secured by a deed of trust, and an operating covenant. The loan will be repaid by crediting future sales and
property tax increment taxes generated on the site until the cumulative taxes collected equals the loan
amount. At that time, the note will be cancelled, and the operating covenant will terminate.
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NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT
AGENCY (CONTINUED)
b. Loans Receivable (Continued)
If, after ten years of operation, a shortfall exists between the revenues collected and the outstanding loan
amount, the note will be cancelled, and the operating covenant will terminate. Further, if at any time
through no fault of the dealership certain future events outside of the dealership control occur the note will
be cancelled, and the operating covenant will terminate. The balance at June 30, 2019 is $276,589.
Owner Participation Agreement – Torre Nissan
In June 2011, the Former Agency entered into an Owner Participation Agreement (OPA) with an auto
dealer, Mega Dealer, LLC (“Torre Nissan”) that provides for the Former Agency to provide a rehabilitation
loan to Torre Nissan of up to $1,500,000 for the remodeling of the existing dealership and an expansion of
the dealership facility to accommodate a new line of electric and commercial vehicles. The new expansion
will also include service and parts sales facilities. In connection with the OPA, Torre Nissan has executed
a promissory note, which is secured by a subordinated deed of trust, and an operating covenant. The loan
will be repaid by crediting future sales and property tax increment taxes generated on the site until the
cumulative taxes collected equals the loan amount. If Nissan Motor Company ceases to exist, the note will
be cancelled, and the operating covenant will terminate. At the end of the ten-year operating covenant, the
operating covenant will terminate, and the note will be cancelled, and any outstanding loan balance will be
forgiven. The balance at June 30, 2019 is $1,005,517.
c. Due from other Governments
La Quinta Library
In April 2005, an advance of $2,490,273 was made from the former redevelopment agency to provide
funding for the construction of the public library. The loan accrues interest at the earnings rate of the City’s
investment pool fund. The remaining balance of this loan at June 30, 2019, is $1,548,436.
d. Deferred Outflows of Resources
As debt is refunded, the difference between the carrying value of the refunded debt and the reacquisition
price is recorded as a deferred outflow of resources and amortized over the shorter of the new or refunded
debt, whichever is shorter. Activity during the fiscal year is comprised of the following:
Balance at Balance
July 1, 2018 Additions Deductions June 30, 2019
Deferred charge on refunding 10,883,653$ -$ 583,839$ 10,299,814$
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NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT
AGENCY (CONTINUED)
e. Long-Term Debt
A description of long-term debt outstanding of the Successor Agency as of June 30, 2019, follows:
Balance at Balance Due within
July 1, 2018 Additions Repayments June 30, 2019 One year
Tax allocation bonds 193,960,000$ -$ 8,360,000$ 185,600,000$ 8,700,000$
City loans 37,014,634 993,148 3,113,069 34,894,713 3,175,327
Unamortized premiums/discounts 11,224,514 - 698,655 10,525,859 -
Total 242,199,148$ 993,148$ 12,171,724$ 231,020,572$ 11,875,327$
2013 Series A
On December 17, 2013, the Successor Agency issued subordinate tax allocation refunding bonds in the
amount of $97,190,000 to refinance outstanding long term obligations held by the Successor Agency. The
2013 Series A tax allocation bonds were issued at a premium of $6,056,280 and issuance costs of $480,001.
Interest rates on the bonds range from 3.00 percent to 5.00 percent and are payable semi-annually on March
1 and September 1 of each year until maturity. The interest and principal of the bonds are payable solely
from property tax revenue.
A portion of the proceeds were used to fund the bond reserve requirement. The principal balance of
outstanding bonds at June 30, 2019, is $78,155,000 with an unamortized premium of $4,239,396. The
minimum annual requirements to amortize the bond payable as of June 30, 2019, are as follows:
Year Ending
June 30,Principal Interest Total
2020 3,985,000$ 3,759,338$ 7,744,338$
2021 4,180,000 3,555,213 7,735,213
2022 4,390,000 3,340,963 7,730,963
2023 4,610,000 3,115,963 7,725,963
2024 4,840,000 2,879,713 7,719,713
2025-2029 28,035,000 10,493,460 38,528,460
2030-2034 28,115,000 2,938,654 31,053,654
78,155,000$ 30,083,304$ 108,238,304$
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NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT
AGENCY (CONTINUED)
e. Long-Term Debt (Continued)
2013 Series B
On December 17, 2013, the Successor Agency issued subordinate tax allocation refunding bonds in the
amount of $23,055,000 to refinance outstanding long term obligations held by the Successor Agency. The
2013 Series B tax allocation bonds were issued at a discount of $8,951 and issuance costs of $122,274.
The bonds consist of $3,710,000 of term bonds that accrue interest at 5.240 percent and mature on
September 1, 2026, $4,335,000 of term bonds that accrue interest at 5.550 percent and mature on September
1, 2029, and $5,115,000 of term bonds that accrue interest at 5.820 percent and mature on September 1,
2032. The remaining $9,895,000 matures annually with rate ranging from 0.76 percent to 4.89 percent.
The interest and principal on the bonds are payable from property tax revenue.
A portion of the proceeds were used to fund the bond reserve requirement. The principal balance of
outstanding bonds at June 30, 2019, is $18,310,000 with an unamortized discount of $6,263.
The minimum annual requirements to amortize the bond payable as of June 30, 2019, are as follows:
Year Ending
June 30,Principal Interest Total
2020 950,000$ 939,623$ 1,889,623$
2021 985,000 903,488 1,888,488
2022 1,025,000 860,981 1,885,981
2023 1,070,000 812,817 1,882,817
2024 1,120,000 760,074 1,880,074
2025-2029 6,525,000 2,835,433 9,360,433
2030-2033 6,635,000 798,052 7,433,052
18,310,000$ 7,910,468$ 26,220,468$
2014 Series A
On July 9, 2014, the Successor Agency issued tax allocation refunding bonds in the amount of $65,600,000,
with a premium of $8,545,482, to refinance outstanding 2004 Series A Revenue Bonds of $72,865,000
with interest payments ranging between 3 percent to 5.25 percent. The net proceeds of $73,402,709 (after
payment of $592,017 in issuance costs) plus an additional $4,012,653 of 2004 Series A sinking fund monies
were used to purchase U.S. Government Securities. Those securities were deposited in an irrevocable trust
with an escrow agent; and issued to pay-off $77,415,362 of remaining principal and accrued interest of
2004 Series A. As a result, the 2004 Series A bonds are considered to be defeased and the liability for
those bonds has been removed from the Successor Agency’s long-term debt. The principal balance of
outstanding bonds at June 30, 2019, is $57,060,000. The remaining unamortized bond premium at June
30, 2019 was $6,510,843.
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NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT
AGENCY (CONTINUED)
e. Long-Term Debt (Continued)
The Successor Agency in effect reduced its aggregate debt service payments over the remaining maturity
period of the 2004 Series A by $11,814,531 and to obtain an economic gain (difference between the present
values of the debt service payments on the old and new debt) of $7,801,878.
The minimum annual requirements to amortize the 2014 Series A bonds payable as of June 30, 2019, are
as follows:
Year Ending
June 30,Principal Interest Total
2020 2,435,000$ 2,779,950$ 5,214,950$
2021 2,530,000 2,668,000 5,198,000
2022 2,660,000 2,538,250 5,198,250
2023 2,795,000 2,401,875 5,196,875
2024 2,930,000 2,258,750 5,188,750
2025-2029 17,000,000 8,885,000 25,885,000
2030-2034 21,695,000 4,071,125 25,766,125
2035 5,015,000 125,375 5,140,375
57,060,000$ 25,728,325$ 82,788,325$
2016 Series A
On December 22, 2016, the La Quinta Redevelopment Project Areas No. 1 and 2 Subordinate Tax
Allocation Refunding Bonds 2016 Taxable Series A Bonds were issued for $35,055,000 by the Successor
Agency to the La Quinta Redevelopment Agency (the “Agency”) to refinance on an advance basis the La
Quinta Redevelopment Agency’s (the “Prior Agency”) previously issued $6,000,000 La Quinta
Redevelopment Project Area No. 2, Subordinate Taxable Tax Allocation Bonds, Series 2011 (the “2011
Project Area No. 2 Taxable Bonds”) of which $5,810,000 was outstanding and the Prior Agency’s loan
obligation under the Loan Agreement, dated February 3, 2004 as supplemented by the Second Supplemental
Loan Agreement, dated as of March 1, 2011 (the “2011 Loan Obligation”) in connection with the La Quinta
Financing Authority’s previously issued $28,850,000 Local Agency Subordinate Taxable Revenue Bonds,
2011 Series A (the “2011 Taxable Housing Bonds”) of which $26,635,000 was outstanding.
The Bonds were issued on a subordinate basis to the $65,600,000 Successor Agency to the La Quinta
Redevelopment Agency, La Quinta Redevelopment Project Areas No. 1 and 2, Tax Allocation Refunding
Bonds, 2014 Series. The Bonds are payable from and secured by the Pledged Tax Revenues, as defined
herein, to be derived from the La Quinta Redevelopment Project Area No. 1 and La Quinta Redevelopment
Project Area No. 2.
The principal of and interest on the Bonds are payable solely from the pledged tax revenues allocated to the
Successor Agency from the project areas. The principal balance of outstanding bonds at June 30, 2019, is
$32,075,000 with an unamortized discount of $218,088.
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NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT
AGENCY (CONTINUED)
e. Long-Term Debt (Continued)
The Bonds mature in 2040, but may be called before maturity and redeemed at the option of the Agency,
in whole or in part, from the proceeds of refunding bonds or other available funds, on September 1, 2026
or on any date thereafter prior to maturity at a redemption price equal to the principal amount of Bonds to
be redeemed, without premium, plus accrued interest to the redemption date.
Year Ending
June 30,Principal Interest Total
2020 1,330,000$ 1,183,526$ 2,513,526$
2021 1,365,000 1,153,763 2,518,763
2022 1,395,000 1,118,840 2,513,840
2023 1,430,000 1,079,255 2,509,255
2024 1,465,000 1,035,479 2,500,479
2025-2029 8,100,000 4,394,094 12,494,094
2030-2034 9,755,000 2,680,838 12,435,838
2035-2039 7,175,000 545,550 7,720,550
2040 60,000 1,358 61,358
32,075,000$ 13,192,703$ 45,267,703$
Loans from the City of La Quinta
The City of La Quinta loaned money to the Former Agency to cover operating and capital shortfalls. In a
letter dated November 6, 2013, the California Department of Finance approved the loans as enforceable
obligations to be paid through Successor Agency property tax. This loan approved split between the City’s
General and the Housing Authority Funds. As of June 30, 2019, principal and interest due to the City of
La Quinta was $34,894,713.
On November 22, 2017, the Department of Finance (DOF) approved the last and final Recognized
Obligation Payment Schedules (ROPS). The ROPS is a comprehensive schedule which includes all bond
debt service payments, City loan repayments, administration, and annual reporting requirements from fiscal
years 2018-2019 to 2039-2040.
f. Pledged Tax Revenues
The City pledged, as security for bonds issued, either directly or through the Financing Authority, a portion
of tax increment revenue (including Low and Moderate Income Housing set-aside and pass through
allocations) that it receives. The bonds issued were to provide financing for various capital projects,
accomplish Low and Moderate Income Housing projects and to defease previously issued bonds. Assembly
Bill 1X 26 provided that upon dissolution of the Redevelopment Agency, property taxes allocated to
redevelopment agencies no longer are deemed tax increment but rather property tax revenues and will be
allocated first to successor agencies to make payments on the indebtedness incurred by the dissolved
redevelopment agency. Total principal and interest remaining on the debt is $262,514,800 with annual debt
service requirements as indicated above. For the current year, the total property tax revenue recognized by
the Successor Agency for the payment of indebtedness incurred was $20,664,124 and the debt service
obligation on the bonds was $17,368,061.
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NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT
AGENCY (CONTINUED)
g. Insurance
The Successor Agency of the Former Agency is covered under the insurance policy of the City of La Quinta
at June 30, 2019.
NOTE 18: EXTRAORDINARY ITEM
Annual loan repayments of the loan between the City and the Successor Agency are first applied to principal then
interest and when received are allocated 80 percent General Fund and 20 percent Housing Authority Fund. The
interest accrued on the adjusted principal amount is reflected as an extraordinary gain by the City and an
extraordinary loss in the Successor Agency. The Department of Finance approval of the last and final ROPS
increased the quarterly interest rate (from 3% to 4%, since the inception of the loan in November 2006). The interest
due as of June 30, 2019 was $12,141,458.
NOTE 19: SPECIAL ITEM
In previous years, the City had four outstanding interfund loans, totaling $15,017,126. These interfund loans were
established from 2003 to 2009 and are irregular and non-recurring. They were established to supplement the
construction costs associated with the development of major infrastructure which could have been funded with
restricted DIF funds, should they have been available at the time. Since inception, the City has reported the
outstanding loan balances in annual financial statements as Advances from Other Funds.
The repayment terms and collectability of these loans were evaluated by Staff and confirmed with the City’s 2019
Development Impact Fee analysis. Results were presented to the Financial Advisory Commission who in
conjunction with Staff recommended City Council approve the early retirement of these interfund loans resulting
in a Special Item (Special Gain to the Development Impact Fee (DIF) Funds and SilverRock; Special Loss to the
General Fund) as depicted below.
Special Gain or Loss Summary by Fund
Gain Loss
Civic Center Fund 7,106,231$ -$
Golf Course Enterprise Fund 5,553,561 -
Fire Protection DIF Fund 455,197 -
Street Facility DIF Fund 1,902,137 -
General Fund - (15,017,126)
15,017,126$ (15,017,126)$
237
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CITY OF LA QUINTA, CALIFORNIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
73
NOTE 19: SPECIAL ITEM (CONTINUED)
The forgiveness of these loans 1) recognizes the reduction of development impact fees based on current and
projected development capacity, as the City is nearly built out, 2) does not impact operations as future revenues
would continue to be collected, remain in the DIF Funds and be subject to restricted DIF uses, and 3) are unusual,
infrequent and not considered part of normal business operations thereby are reported separately to ensure
transparency of financial reporting.
A summary of the uncollectable loans is presented as follows.
Uncollectable Interfund Advances
Civic Center Golf Course Non-Major
Fund Enterprise Fund Governmental Total
Advances to Other Funds
From the General Fund 7,106,231$ 5,553,561$ 2,357,334$ 15,017,126$
238
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CITY OF LA QUINTA, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
BUDGETARY COMPARISON SCHEDULE BY DEPARTMENT
GENERAL FUND
YEAR ENDED JUNE 30, 2019
See accompanying note to the required supplementary information.
74
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 121,823,567$ 121,823,567$ 121,823,567$ -$
Resources (Inflows):
Taxes 41,659,000 44,721,000 47,664,927 2,943,927
Licenses and permits 1,213,900 1,271,900 1,555,026 283,126
Intergovernmental 7,145,600 7,311,200 7,256,245 (54,955)
Charges for services 993,200 1,013,000 1,170,825 157,825
Use of money and property 470,000 483,000 2,650,432 2,167,432
Fines and forfeitures 275,500 305,500 375,491 69,991
Miscellaneous 540,200 1,994,764 2,317,491 322,727
Extraordinary Item - - 794,517 794,517
Transfer In - 114,250 286,590 172,340
Amounts Available for Appropriations 174,120,967 179,038,181 185,895,111 6,856,930
Charges to Appropriation (Outflows):
General government
Legislative 308,000 309,300 277,235 32,065
City manager 901,500 920,900 887,663 33,237
City attorney 485,000 535,000 509,738 25,262
Marketing 1,199,800 1,266,100 1,194,173 71,927
Human resources 567,650 666,857 528,993 137,864
City clerk 595,100 578,493 541,060 37,433
Fiscal services 1,149,400 1,198,800 1,055,104 143,696
Central services 2,108,700 8,931,750 4,347,720 4,584,030
The Hub Customer Services 727,500 795,300 786,722 8,578
Public safety
Police 17,019,000 16,312,750 15,656,715 656,035
Public buildings 1,746,800 1,759,700 1,849,203 (89,503)
Code compliance 1,166,400 1,220,200 1,084,143 136,057
Building & safety 962,100 974,900 711,822 263,078
Fire 7,057,600 7,263,200 6,567,824 695,376
Planning and development
Current planning 757,100 770,700 593,790 176,910
Parks and recreation
Community services admin 853,900 855,200 780,256 74,944
Wellness center 647,700 652,700 560,154 92,546
Recreation Programs/Special Events 529,300 560,000 402,474 157,526
Park maintenance 2,066,700 2,070,500 2,120,842 (50,342)
Public works
Administration 1,181,700 1,211,700 981,831 229,869
Development services 734,300 752,700 536,056 216,644
Maintenance/operations - street 14,900 14,900 21,794 (6,894)
Engineering services 1,263,500 1,273,500 938,486 335,014
Capital outlay - - 276,935 (276,935)
Special Item - - 15,017,126
Transfers out 7,109,763 21,603,228 10,029,405 11,573,823
Total Charges to Appropriations 51,153,413 72,498,378 68,257,264 19,258,240
Budgetary Fund Balance, June 30 122,967,554$ 106,539,803$ 117,637,847$ 26,115,170$
Budget Amounts
239
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CITY OF LA QUINTA, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
BUDGETARY COMPARISON SCHEDULE
HOUSING AUTHORITY
YEAR ENDED JUNE 30, 2019
See accompanying note to the required supplementary information.
75
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 21,690,187$ 21,690,187$ 21,690,187$ -$
Resources (InFlows):
Use of money and property 280,000 280,000 870,185 590,185
Extraordinary item - 188,000 198,631 10,631
Other income 43,000 93,000 58,815 (34,185)
Amounts Available for Appropriations 22,013,187 22,251,187 22,817,818 566,631
Charges to Appropriation (OutFlows):
Planning and development 715,900 732,067 610,055 122,012
Community services 138,100 138,100 166,666 (28,566)
Total Charges to Appropriations 854,000 870,167 776,721 93,446
Budgetary Fund Balance, June 30 21,159,187$ 21,381,020$ 22,041,097$ 660,077$
Budget Amounts
240
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CITY OF LA QUINTA, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
MISCELLANEOUS PLAN
SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS *
76
2015 2016 2017 2018 2019
Proportion of the Net Pension Liability 0.1034%0.1260%0.1257%0.1272%0.1287%
Proportionate Share of the Net Pension Liability 6,433,391$ 8,651,290$ 10,874,098$ 12,612,523$ 12,403,691$
Covered Payroll 5,421,945$ 5,480,758$ 5,569,002$ 5,739,416$ 6,064,875$
Proportionate Share of the net pension liability as a
Percentage of Covered Payroll 118.65%157.85%195.26%219.75%204.52%
Plan Fiduciary Net Position as a Percentage of the 79.82%78.40%74.06%73.31%75.30%
Total Pension Liability
* - Fiscal year 2015 was the first year of implementation, therefore, only five years are shown.
Changes in Assumptions
The discount rate changed from 7.65 percent used for the June 30, 2016 measurement date to 7.15 percent used for the
June 30, 2017 measurement date.
Covered Payroll
In accordance with GASB Statement No. 82, Pension Issues - An Amendment of GASB Statement No. 67, No. 68, and No. 73,
we have restated to show covered payroll based on pensionable earnings.
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CITY OF LA QUINTA, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
MISCELLANEOUS PLAN
SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS *
77
2015 2016 2017 2018 2019
Actuarially Determined Contributions - Miscellaneous 728,073$ 797,603$ 949,231$ 1,061,439$ 1,284,275$
Contributions in Relation to the Actuarially Determined Contribution (728,073) (797,603) (949,231) (1,061,439) (1,299,600)
Contribution Deficiency (Excess)-$ -$ -$ -$ (15,325)$
Covered Payroll 5,480,758$ 5,569,002$ 5,739,416$ 6,064,875$ 6,669,204$
Contributions as a Percentage of Covered Payroll 13.28% 14.32% 16.54% 17.50% 19.49%
* - Fiscal year 2015 was the first year of implementation, therefore, only five years are shown.
Covered Payroll
In accordance with GASB Statement No. 82, Pension Issues- An Amendment of GASB Statement No. 67, No. 68,
and No. 73 , we have restated to show covered payroll based on pensionable earnings.
242
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CITY OF LA QUINTA, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF CHANGES IN THE NET OPEB LIABILITY/(ASSET) AND RELATED RATIOS
AS OF JUNE 30, 2019, FOR THE LAST TEN FISCAL YEARS*
78
2018 2019
Total OPEB Liability
Service cost 90,827$ 93,438$
Interest 93,346 100,177
Differences between expected and actual experience - 71,533
Changes of assumptions - (44,229)
Benefit payments (91,822) (86,570)
Net Change in Total OPEB Liability 92,351 134,349
Total OPEB liability - beginning 1,288,598 1,380,949
Total OPEB liability - ending 1,380,949$ 1,515,298$
Plan Fiduciary Net Position (FNP, assets)
Employer contributions -$ 1,609,970$
Net investment income - (1,680)
Benefit payments - (86,570)
Administrative expense - (406)
Net Change in Plan Fiduciary Net Position - 1,521,314
Plan Fiduciary Net Position- Beginning of Year - -
Plan Fiduciary Net Position- End of Year - 1,521,314
Net OPEB Liability/(Asset) - End of Year 1,380,949 (6,016)
Fiduciary Net Position as a percentage of the Total OPEB Liability 0%100%
Covered-employee payroll 6,043,699 6,064,875
Net OPEB liability (asset) as a percentage of covered-employee payroll 23%0%
Notes to Schedule:
* Fiscal year 2018 was the first year of implementation.
243
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CITY OF LA QUINTA, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF OPEB CONTRIBUTIONS
AS OF JUNE 30, 2019, FOR THE LAST TEN FISCAL YEARS*
79
2018 2019
Actuarially determined contribution (ADC)201,513$ 88,280$
Contributions in relation to the (ADC)1,609,970 98,584
Contribution deficiency (excess)(1,408,457) (10,304)
Covered payroll 6,064,875$ 6,669,204$
Contributions as a percentage of payroll 27%1%
Notes to Schedule
Valuation date:
Methods and assumptions used to determined
contribution rates:
Actuarial cost method Entry-Age Normal Cost Method
Amortization method Level percent of payroll
Amortization period 19 years
Asset valuation method Market value
Inflation 2.5%
Healthcare Trend Rate
Investment rate of return 6%
Retirement age 55
Mortality Derived using CalPERS Membership Data for all Funds
Notes to Schedule:
* Fiscal year 2018 was the first year of implementation.
Actuarially determined
contribution rates are calculated
as of June 30, one year prior to the
end of the fiscal year in which
contributionsare reported.
7% in the first year, trending
down to 4% over 58 years.
244
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CITY OF LA QUINTA, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
NOTE TO REQUIRED SUPPLEMENTARY INFORMATION
JUNE 30, 2019
80
NOTE 1: BUDGETS AND BUDGETARY ACCOUNTING
a. Budget Procedures
General Budget Policies
The City adopts an annual budget prepared on the modified accrual basis of accounting for its governmental
funds and on the accrual basis of accounting for its proprietary funds. The City manager or his designee is
authorized to transfer budgeted amounts between the accounts of any department or funds that are approved
by City Council. Prior year appropriations lapse unless they are approved for carryover into the following
fiscal year. Expenditures may not legally exceed appropriations at the department level.
The City did not adopt a budget for the Transportation Uniform Mitigation Fee Special Revenue Fund.
Budget Basis of Accounting
Budgets for governmental funds are adopted on a basis consistent with generally accepted accounting
principles (GAAP).
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81
OTHER GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS
Special revenue funds are used to account for specific revenues (other than expendable trusts and major capital
projects) and the related expenditures that are legally required to be accounted for in a separate fund. The City of
La Quinta has the following Special Revenue Funds:
State Gas Tax Fund – To account for gasoline allocations made by the State of California. These revenues are
restricted by the State to expenditures for street-related purposes only.
Library and Museum Fund – To account for revenues from property tax increment dedicated library and museum
services.
Federal Assistance Fund – To account for revenues from the Community Development Block Grants received from
the Federal Government and the expenditures of those resources.
State Law Enforcement Services Account (SLESA) Fund – To account for state funded “Citizens for Public Safety”
(COPS) program activities, as per Assembly Bill 3229, which supplements frontline police services such as anti-
gang community crime prevention.
Lighting and Landscape Special Assessment District 89-1 Fund – To account for special assessments levied on real
property and the expenditure thereof from City-wide lighting and landscape maintenance and improvements.
Quimby Fund – To account for the accumulation of developer fees received under the provisions of the Quimby
Act for park development and improvements. Capital projects to be funded from this source will be budgeted and
expended in a separate capital projects fund.
La Quinta Public Safety Officer Fund – To account for contributions to be distributed to public safety officers
disabled or killed in the line of duty.
Art in Public Places – To account for development fees paid in lieu of acquisition and installation of approved
artworks in a development with expenditures restricted to acquisition, installation, maintenance and repair of
artworks at approved sites.
South Coast Air Quality Fund – To account for contributions from the South Coast Air Quality Management
District. Use is limited to reduction and control of airborne pollutants.
AB 939 Fund – To account for the State mandated program to reduce waste sent to the landfills through recycling
efforts.
Development Agreement Fund – To account for the proceeds of development agreement revenues collected and the
related expenditures in accordance with State requirements.
Law Enforcement Fund – To account for law enforcement grants and restricted revenue for public safety.
Justice Assistance Grant Fund – To account for Federal Bureau of Justice Block Grant program grant funds, which
are used to reduce crime and improve public safety.
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82
SPECIAL REVENUE FUNDS (CONTINUED)
Measure A Fund – To account for the revenues and expenditures related to Measure A monies.
Economic Development Fund – To account for the revenues and expenditures related to proceeds from sale of City
owned land and future economic development.
AB 1379 Fund – To account for the revenues and expenditures related to the annual business license accessibility
fee to be used for expenses enhancing accessibility requirements.
Transportation Uniform Mitigation Fee Fund – To account for the revenues and expenditures related to
Transportation Uniform Mitigation Fee monies.
CAPITAL PROJECT FUNDS
Capital projects funds account for the financial resources to be used for the acquisition, construction or
improvements of major capital facilities and infrastructure.
Infrastructure Fund – To account for the accumulation of resources provided through developer fees for the
acquisition, construction or improvement of the City’s infrastructure, prior to adoption of the new Developer Impact
Fee Structure on August 16, 1999. This fund accounts for all developer resources received prior to this date, and is
budgeted by the Council through adoption of the annual capital improvement program budget.
Transportation Fund, Parks and Recreations Fund, Library Development Fund, Community Center Fund, Street
Facility Fund, Park Facility Fund, Fire Facility Fund – To account for the accumulation of resources provided
through developer fees for the acquisition, construction, or improvement of the City’s infrastructure. The Developer
Impact Fee was adopted by the City Council on August 16, 1999. Eight new funds have been established to account
for the specific impact areas of these fees, and are budgeted by the Council through adoption of the annual Capital
Improvement Program budget.
DEBT SERVICE FUNDS
Debt Service Funds are used to account for the accumulation of resources for, and the payment of, governmental
long-term debt principal and interest.
La Quinta Financing Authority Fund – To account for rental activity for the Civic Center and rental income used to
pay the Financing Authority Civic Center and 2004 Local Agency Revenue Bond debt obligations.
248
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CITY OF LA QUINTA, CALIFORNIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2019
83
Library and Federal
Gas Tax Museum Assistance SLESA
Assets:
Pooled cash and investments 573,673$ 5,977,958$ -$ 154,356$
Receivables:
Taxes - - - -
Accrued interest 1,596 16,636 - 430
Prepaid costs - 386 - -
Due from other governments 134,854 829,606 42,894 -
Total Assets 710,123$ 6,824,586$ 42,894$ 154,786$
Liabilities and Fund Balances:
Liabilities:
Accounts payable 9,386$ 21,380$ -$ 14,519$
Accrued liabilities 19,908 - - -
Due to other governments - - - -
Due to other funds - - 42,894 -
Total Liabilities 29,294 21,380 42,894 14,519
Fund Balances:
Nonspendable:
Prepaid costs - 386 - -
Restricted for:
Planning and development projects - - - -
Public safety - - - 140,267
Community services - 6,802,820 - -
Public works 680,829 - - -
Capital projects - - - -
Unassigned - - - -
Total Fund Balances 680,829 6,803,206 - 140,267
Total Liabilities and Fund Balances 710,123$ 6,824,586$ 42,894$ 154,786$
Special Revenue Funds
249
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CITY OF LA QUINTA, CALIFORNIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
JUNE 30, 2019
84
Assets:
Pooled cash and investments
Receivables:
Taxes
Accrued interest
Prepaid costs
Due from other governments
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Due to other governments
Due to other funds
Total Liabilities
Fund Balances:
Nonspendable:
Prepaid costs
Restricted for:
Planning and development projects
Public safety
Community services
Public works
Capital projects
Unassigned
Total Fund Balances
Total Liabilities and Fund Balances
Lighting and Art in
Landscaping Quimby Public Safety Public Places
568,838$ 3,419,620$ 43,657$ 546,428$
25,563 - - -
1,583 9,517 121 1,521
- - - -
- - - -
595,984$ 3,429,137$ 43,778$ 547,949$
55,976$ -$ -$ 11,700$
2,538 - - -
- - - -
- - - -
58,514 - - 11,700
- - - -
- - - -
- - 43,778 -
- 3,429,137 - 536,249
537,470 - - -
- - - -
- - - -
537,470 3,429,137 43,778 536,249
595,984$ 3,429,137$ 43,778$ 547,949$
Special Revenue Funds
250
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CITY OF LA QUINTA, CALIFORNIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
JUNE 30, 2019
85
Assets:
Pooled cash and investments
Receivables:
Taxes
Accrued interest
Prepaid costs
Due from other governments
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Due to other governments
Due to other funds
Total Liabilities
Fund Balances:
Nonspendable:
Prepaid costs
Restricted for:
Planning and development projects
Public safety
Community services
Public works
Capital projects
Unassigned
Total Fund Balances
Total Liabilities and Fund Balances
South Coast Development Law
Air Quality AB 939 Agreement Enforcement
99,791$ 821,738$ -$ 1,172,433$
- - - -
278 2,287 - 3,263
- - - -
3,463 2,527 - -
103,532$ 826,552$ -$ 1,175,696$
391$ 547$ -$ 3,018$
- - - -
- - - -
- - - 74
391 547 - 3,092
- - - -
103,141 826,005 - -
- - - 1,172,604
- - - -
- - - -
- - - -
- - - -
103,141 826,005 - 1,172,604
103,532$ 826,552$ -$ 1,175,696$
Special Revenue Funds
251
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CITY OF LA QUINTA, CALIFORNIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
JUNE 30, 2019
86
Assets:
Pooled cash and investments
Receivables:
Taxes
Accrued interest
Prepaid costs
Due from other governments
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Due to other governments
Due to other funds
Total Liabilities
Fund Balances:
Nonspendable:
Prepaid costs
Restricted for:
Planning and development projects
Public safety
Community services
Public works
Capital projects
Unassigned
Total Fund Balances
Total Liabilities and Fund Balances
Justice
Assistance Economic
Grant Measure A Development AB 1379
-$ 1,368,290$ 2,999,159$ 19,375$
- 66,715 - -
- 3,808 8,345 53
- - - -
- - - -
-$ 1,438,813$ 3,007,504$ 19,428$
-$ -$ -$ -$
- - - -
- - - -
- - - -
- - - -
- - - -
- - - 19,428
- - - -
- - 3,007,504 -
- 1,438,813 - -
- - - -
- - - -
- 1,438,813 3,007,504 19,428
-$ 1,438,813$ 3,007,504$ 19,428$
Special Revenue Funds
252
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CITY OF LA QUINTA, CALIFORNIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
JUNE 30, 2019
87
Assets:
Pooled cash and investments
Receivables:
Taxes
Accrued interest
Prepaid costs
Due from other governments
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Due to other governments
Due to other funds
Total Liabilities
Fund Balances:
Nonspendable:
Prepaid costs
Restricted for:
Planning and development projects
Public safety
Community services
Public works
Capital projects
Unassigned
Total Fund Balances
Total Liabilities and Fund Balances
Special Revenue
Funds
Transportation
Uniform Parks and
Mitigation Fee Infrastructure Transportation Recreation
448,747$ 21,853$ 2,457,694$ 1,261,074$
- - - -
1,249 61 6,840 3,509
- - - -
- - - -
449,996$ 21,914$ 2,464,534$ 1,264,583$
443,232$ 1,810$ 1,810$ 1,810$
- - - -
- - - -
- - - -
443,232 1,810 1,810 1,810
- - - -
6,764 - - -
- - - -
- - - -
- - - -
- 20,104 2,462,724 1,262,773
- - - -
6,764 20,104 2,462,724 1,262,773
449,996$ 21,914$ 2,464,534$ 1,264,583$
Capital Projects Funds
253
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CITY OF LA QUINTA, CALIFORNIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
JUNE 30, 2019
88
Assets:
Pooled cash and investments
Receivables:
Taxes
Accrued interest
Prepaid costs
Due from other governments
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Due to other governments
Due to other funds
Total Liabilities
Fund Balances:
Nonspendable:
Prepaid costs
Restricted for:
Planning and development projects
Public safety
Community services
Public works
Capital projects
Unassigned
Total Fund Balances
Total Liabilities and Fund Balances
Library Community
Development Center Street Facility Park Facility
-$ 160,255$ 12,065$ 28$
- - - -
- 446 34 -
- - - -
- - - -
-$ 160,701$ 12,099$ 28$
1,810$ 1,810$ 1,810$ 1,810$
- - - -
1,548,436 - - -
- - - -
1,550,246 1,810 1,810 1,810
- - - -
- - - -
- - - -
- - - -
- - 10,289 -
- 158,891 - -
(1,550,246) - - (1,782)
(1,550,246) 158,891 10,289 (1,782)
-$ 160,701$ 12,099$ 28$
Capital Project Funds
254
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CITY OF LA QUINTA, CALIFORNIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
JUNE 30, 2019
89
Assets:
Pooled cash and investments
Receivables:
Taxes
Accrued interest
Prepaid costs
Due from other governments
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Due to other governments
Due to other funds
Total Liabilities
Fund Balances:
Nonspendable:
Prepaid costs
Restricted for:
Planning and development projects
Public safety
Community services
Public works
Capital projects
Unassigned
Total Fund Balances
Total Liabilities and Fund Balances
Capital Projects Debt Service
Funds Fund
Total
Financing Governmental
Fire Facility Authority Funds
36,780$ -$ 22,163,812$
- - 92,278
102 - 61,679
- - 386
- - 1,013,344
36,882$ -$ 23,331,499$
1,810$ -$ 574,629$
- - 22,446
- - 1,548,436
- - 42,968
1,810 - 2,188,479
- - 386
- - 955,338
35,072 - 1,391,721
- - 13,775,710
- - 2,667,401
- - 3,904,492
- - (1,552,028)
35,072 - 21,143,020
36,882$ -$ 23,331,499$
255
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CITY OF LA QUINTA, CALIFORNIA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2019
90
Library and Federal
Gas Tax Museum Assistance SLESA
Revenues:
Taxes -$ -$ -$ -$
Assessments - - - -
Intergovernmental 1,607,094 3,619,928 60,999 148,747
Use of money and property 13,919 176,246 - 3,769
Developer participation - - - -
Miscellaneous 46,466 2,903 - -
Total Revenues 1,667,479 3,799,077 60,999 152,516
Expenditures:
Current:
General government - - - -
Public safety - - - 70,887
Planning and development - - - -
Community services - 1,890,887 - -
Public works 1,219,342 - 18,105 -
Capital outlay - 16,693 - -
Debt service:
Principal retirement - - - -
Interest and fiscal charges - - - -
Total Expenditures 1,219,342 1,907,580 18,105 70,887
Excess (Deficiency) of Revenues
Over (Under) Expenditures 448,137 1,891,497 42,894 81,629
Other Financing Sources (Uses):
Transfers in 423,500 - - -
Transfers out (568,262) - (42,894) -
Total Other Financing Sources (Uses)(144,762) - (42,894) -
Special Item:
Interfund loan payoff - - - -
Net Change in Fund Balances 303,375 1,891,497 - 81,629
Fund Balances, Beginning of Year 377,454 4,911,709 - 58,638
Fund Balances, End of Year 680,829$ 6,803,206$ -$ 140,267$
Special Revenue Funds
256
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CITY OF LA QUINTA, CALIFORNIA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
YEAR ENDED JUNE 30, 2019
91
Revenues:
Taxes
Assessments
Intergovernmental
Use of money and property
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety
Planning and development
Community services
Public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Special Item:
Interfund loan payoff
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
Lighting and Art in
Landscaping Quimby Public Safety Public Places
-$ -$ -$ -$
961,633 - - -
- - - -
12,501 129,832 1,335 16,561
- - - 103,172
- - - -
974,134 129,832 1,335 119,733
- - - -
- - - -
- - - -
- - - 22,921
1,471,289 - - -
- - - 69,590
- - - -
- - - -
1,471,289 - - 92,511
(497,155) 129,832 1,335 27,222
624,000 - 2,000 -
- (1,296,611) - -
624,000 (1,296,611) 2,000 -
- - - -
126,845 (1,166,779) 3,335 27,222
410,625 4,595,916 40,443 509,027
537,470$ 3,429,137$ 43,778$ 536,249$
Special Revenue Funds
257
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CITY OF LA QUINTA, CALIFORNIA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
YEAR ENDED JUNE 30, 2019
92
Revenues:
Taxes
Assessments
Intergovernmental
Use of money and property
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety
Planning and development
Community services
Public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Special Item:
Interfund loan payoff
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
South Coast Development Law
Air Quality AB 939 Agreement Enforcement
-$ 54,645$ -$ -$
- - - -
53,444 10,365 - 16,519
2,770 26,151 682 20,141
- - - -
- - - -
56,214 91,161 682 36,660
- - - -
- - - 16,532
42,729 91,815 - -
- - - -
- - - -
- - 77,741 -
- - - -
- - - -
42,729 91,815 77,741 16,532
13,485 (654) (77,059) 20,128
- - 20,229 850,000
- - - -
- - 20,229 850,000
- - - -
13,485 (654) (56,830) 870,128
89,656 826,659 56,830 302,476
103,141$ 826,005$ -$ 1,172,604$
Special Revenue Funds
258
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CITY OF LA QUINTA, CALIFORNIA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
YEAR ENDED JUNE 30, 2019
93
Revenues:
Taxes
Assessments
Intergovernmental
Use of money and property
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety
Planning and development
Community services
Public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Special Item:
Interfund loan payoff
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
Justice
Assistance Economic
Grant Measure A Development AB 1379
-$ 742,921$ -$ -$
- - - -
- - - 20,366
- 40,527 31,940 331
- - - -
- - - -
- 783,448 31,940 20,697
- - - -
- - - -
- - - 1,269
- - - -
- 3,601 - -
- - - -
- - - -
- - - -
- 3,601 - 1,269
- 779,847 31,940 19,428
268 - 2,975,564 -
- (586,582) - -
268 (586,582) 2,975,564 -
- - - -
268 193,265 3,007,504 19,428
(268) 1,245,548 - -
-$ 1,438,813$ 3,007,504$ 19,428$
Special Revenue Funds
259
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CITY OF LA QUINTA, CALIFORNIA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
YEAR ENDED JUNE 30, 2019
94
Revenues:
Taxes
Assessments
Intergovernmental
Use of money and property
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety
Planning and development
Community services
Public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Special Item:
Interfund loan payoff
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
Special Revenue
Funds
Transportation
Uniform Parks and
Mitigation Fee Infrastructure Transportation Recreation
-$ -$ -$ -$
- - - -
- - - -
5,666 733 91,637 35,346
- - 639,345 344,064
- - - -
5,666 733 730,982 379,410
- - - -
- - - -
- 4,543 4,543 4,542
- - - -
- - 400,000 -
- - - -
- - - -
- - - -
- 4,543 404,543 4,542
5,666 (3,810) 326,439 374,868
- - 25,242 -
- - (987,337) -
- - (962,095) -
- - - -
5,666 (3,810) (635,656) 374,868
1,098 23,914 3,098,380 887,905
6,764$ 20,104$ 2,462,724$ 1,262,773$
Capital Projects Funds
260
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CITY OF LA QUINTA, CALIFORNIA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
YEAR ENDED JUNE 30, 2019
95
Revenues:
Taxes
Assessments
Intergovernmental
Use of money and property
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety
Planning and development
Community services
Public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Special Item:
Interfund loan payoff
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
Library Community
Development Center Street Facility Park Facility
-$ -$ -$ -$
- - - -
- - - -
- 4,805 129 2
57,792 21,672 26,100 6,719
- - - -
57,792 26,477 26,229 6,721
- - - -
- - - -
4,542 4,543 4,543 4,542
- - - -
- - - -
- - - -
- - - -
30,939 - 25,906 -
35,481 4,543 30,449 4,542
22,311 21,934 (4,220) 2,179
- - 3,966 -
- - - (3,966)
- - 3,966 (3,966)
- - 1,902,137 -
22,311 21,934 1,901,883 (1,787)
(1,572,557) 136,957 (1,891,594) 5
(1,550,246)$ 158,891$ 10,289$ (1,782)$
Capital Projects Funds
261
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CITY OF LA QUINTA, CALIFORNIA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
YEAR ENDED JUNE 30, 2019
96
Revenues:
Taxes
Assessments
Intergovernmental
Use of money and property
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety
Planning and development
Community services
Public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Special Item:
Interfund loan payoff
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
Capital Projects Debt Service
Funds Funds
Total
Financing Governmental
Fire Facility Authority Funds
-$ -$ 797,566$
- - 961,633
- - 5,537,462
392 668,861 1,284,276
81,369 - 1,280,233
- - 49,369
81,761 668,861 9,910,539
- 1,000 1,000
- - 87,419
4,542 - 172,153
- - 1,913,808
- - 3,112,337
- - 164,024
- 650,000 650,000
6,501 18,038 81,384
11,043 669,038 6,182,125
70,718 (177) 3,728,414
- - 4,924,769
- - (3,485,652)
- - 1,439,117
455,197 - 2,357,334
525,915 (177) 7,524,865
(490,843) 177 13,618,155
35,072$ -$ 21,143,020$
262
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
STATE GAS TAX
YEAR ENDED JUNE 30, 2019
97
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 377,454$ 377,454$ 377,454$ -$
Resources (InFlows):
Intergovernmental 1,662,500 1,494,000 1,607,094 113,094
Use of money and property 2,000 2,000 13,919 11,919
Miscellaneous 46,000 46,000 46,466 466
Transfers in 255,000 423,500 423,500 -
Amounts Available for Appropriations 2,342,954 2,342,954 2,468,433 125,479
Charges to Appropriation (OutFlows):
Public works 1,284,400 1,292,300 1,219,342 72,958
Transfers out 675,500 718,529 568,262 150,267
Total Charges to Appropriations 1,959,900 2,010,829 1,787,604 223,225
Budgetary Fund Balance, June 30 383,054$ 332,125$ 680,829$ 348,704$
Budget Amounts
263
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
LIBRARY AND MUSEUM
YEAR ENDED JUNE 30, 2019
98
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 4,911,709$ 4,911,709$ 4,911,709$ -$
Resources (InFlows):
Intergovernmental 2,288,000 2,288,000 3,619,928 1,331,928
Use of money and property 20,000 20,000 176,246 156,246
Miscellaneous revenue 25,000 5,000 2,903 (2,097)
Amounts Available for Appropriations 7,244,709 7,224,709 8,710,786 1,486,077
Charges to Appropriation (OutFlows):
Community services 1,608,200 1,773,400 1,890,887 (117,487)
Capital Outlay 20,000 20,000 16,693 3,307
Total Charges to Appropriations 1,628,200 1,793,400 1,907,580 (114,180)
Budgetary Fund Balance, June 30 5,616,509$ 5,431,309$ 6,803,206$ 1,371,897$
Budget Amounts
264
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
FEDERAL ASSISTANCE
YEAR ENDED JUNE 30, 2019
99
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 -$ -$ -$ -$
Resources (InFlows):
Intergovernmental 72,000 66,226 60,999 (5,227)
Amounts Available for Appropriations 72,000 66,226 60,999 (5,227)
Charges to Appropriation (OutFlows):
Public Works 20,000 20,000 18,105 1,895
Transfers out 52,000 46,226 42,894 3,332
Total Charges to Appropriations 72,000 66,226 60,999 5,227
Budgetary Fund Balance, June 30 -$ -$ -$ -$
Budget Amounts
265
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
SLESA
YEAR ENDED JUNE 30, 2019
100
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 58,638$ 58,638$ 58,638$ -$
Resources (InFlows):
Intergovernmental 100,000 100,000 148,747 48,747
Use of money and property 100 100 3,769 3,669
Amounts Available for Appropriations 158,738 158,738 211,154 52,416
Charges to Appropriation (OutFlows):
Public safety 100,000 100,000 70,887 29,113
Total Charges to Appropriations 100,000 100,000 70,887 29,113
Budgetary Fund Balance, June 30 58,738$ 58,738$ 140,267$ 81,529$
Budget Amounts
266
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
LIGHTING AND LANDSCAPING
YEAR ENDED JUNE 30, 2019
101
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 410,625$ 410,625$ 410,625$ -$
Resources (InFlows):
Assessments 960,000 960,000 961,633 1,633
Use of money and property 2,100 2,100 12,501 10,401
Transfers in 624,000 624,000 624,000 -
Amounts Available for Appropriations 1,996,725 1,996,725 2,008,759 12,034
Charges to Appropriation (OutFlows):
Public works 1,582,700 1,785,400 1,471,289 314,111
Total Charges to Appropriations 1,582,700 1,785,400 1,471,289 314,111
Budgetary Fund Balance, June 30 414,025$ 211,325$ 537,470$ 326,145$
Budget Amounts
267
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
QUIMBY
YEAR ENDED JUNE 30, 2019
102
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 4,595,916$ 4,595,916$ 4,595,916$ -$
Resources (InFlows):
Use of money and property 15,000 31,000 129,832 98,832
Developer participation 352,000 352,000 - (352,000)
Amounts Available for Appropriations 4,962,916 4,978,916 4,725,748 (253,168)
Charges to Appropriation (OutFlows):
Transfers out 3,956,000 5,748,488 1,296,611 4,451,877
Total Charges to Appropriations 3,956,000 5,748,488 1,296,611 4,451,877
Budgetary Fund Balance, June 30 1,006,916$ (769,572)$ 3,429,137$ 4,198,709$
Budget Amounts
268
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
PUBLIC SAFETY
YEAR ENDED JUNE 30, 2019
103
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 40,443$ 40,443$ 40,443$ -$
Resources (InFlows):
Use of money and property 100 100 1,335 1,235
Transfers in 2,000 2,000 2,000 -
Amounts Available for Appropriations 42,543 42,543 43,778 1,235
Budgetary Fund Balance, June 30 42,543$ 42,543$ 43,778$ 1,235$
Budget Amounts
269
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
ART IN PUBLIC PLACES
YEAR ENDED JUNE 30, 2019
104
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 509,027$ 509,027$ 509,027$ -$
Resources (InFlows):
Use of money and property 3,500 3,500 16,561 13,061
Developer participation 85,000 85,000 103,172 18,172
Miscellaneous revenue - - - -
Amounts Available for Appropriations 597,527 597,527 628,760 31,233
Charges to Appropriation (OutFlows):
Community services 22,000 22,000 22,921 (921)
Capital outlay 100,000 100,000 69,590 30,410
Transfers out 200,000 600,000 - 600,000
Total Charges to Appropriations 322,000 722,000 92,511 629,489
Budgetary Fund Balance, June 30 275,527$ (124,473)$ 536,249$ 660,722$
Budget Amounts
270
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
SOUTH COAST AIR QUALITY
YEAR ENDED JUNE 30, 2019
105
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 89,656$ 89,656$ 89,656$ -$
Resources (InFlows):
Intergovernmental 51,000 51,000 53,444 2,444
Use of money and property 500 500 2,770 2,270
Amounts Available for Appropriations 141,156 141,156 145,870 4,714
Charges to Appropriation (OutFlows):
Planning and development 54,000 54,000 42,729 11,271
Total Charges to Appropriations 54,000 54,000 42,729 11,271
Budgetary Fund Balance, June 30 87,156$ 87,156$ 103,141$ 15,985$
Budget Amounts
271
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
AB 939
YEAR ENDED JUNE 30, 2019
106
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 826,659$ 826,659$ 826,659$ -$
Resources (InFlows):
Taxes 61,000 61,000 54,645 (6,355)
Intergovernmental - - 10,365 10,365
Use of money and property 2,700 5,200 26,151 20,951
Amounts Available for Appropriations 890,359 892,859 917,820 24,961
Charges to Appropriation (OutFlows):
Planning and development 35,000 95,000 91,815 3,185
Total Charges to Appropriations 35,000 95,000 91,815 3,185
Budgetary Fund Balance, June 30 855,359$ 797,859$ 826,005$ 28,146$
Budget Amounts
272
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
DEVELOPMENT AGREEMENT
YEAR ENDED JUNE 30, 2019
107
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 56,830$ 56,830$ 56,830$ -$
Resources (InFlows):
Use of money and property - 800 682 (118)
Transfer in - 30,000 20,229 (9,771)
Amounts Available for Appropriations 56,830 87,630 77,741 (9,889)
Charges to Appropriation (OutFlows):
Capital outlay 67,000 97,000 77,741 19,259
Total Charges to Appropriations 67,000 97,000 77,741 19,259
Budgetary Fund Balance, June 30 (10,170)$ (9,370)$ -$ 9,370$
Budget Amounts
273
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
LAW ENFORCEMENT
YEAR ENDED JUNE 30, 2019
108
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 302,476$ 302,476$ 302,476$ -$
Resources (InFlows):
Intergovernmental - 18,000 16,519 (1,481)
Use of money and property - 3,000 20,141 17,141
Transfer In 200,000 850,000 850,000 -
Amounts Available for Appropriations 502,476 1,173,476 1,189,136 15,660
Charges to Appropriation (OutFlows):
Public safety - 18,000 16,532 1,468
Total Charges to Appropriations - 18,000 16,532 1,468
Budgetary Fund Balance, June 30 502,476$ 1,155,476$ 1,172,604$ 17,128$
Budget Amounts
274
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
JUSTICE ASSISTANCE GRANT
YEAR ENDED JUNE 30, 2019
109
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (268)$ (268)$ (268)$ -$
Resources (InFlows):
Transfers in - 213 268 55
Amounts Available for Appropriations (268) (55) - 55
Budgetary Fund Balance, June 30 (268)$ (55)$ -$ 55$
Budget Amounts
275
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
MEASURE A
YEAR ENDED JUNE 30, 2019
110
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,245,548$ 1,245,548$ 1,245,548$ -$
Resources (InFlows):
Taxes 961,708 961,708 742,921 (218,787)
Use of money and property 10,000 13,000 40,527 27,527
Amounts Available for Appropriations 2,217,256 2,220,256 2,028,996 (191,260)
Charges to Appropriation (OutFlows):
Public Works - - 3,601 (3,601)
Transfers out 961,708 2,326,030 586,582 1,739,448
Total Charges to Appropriations 961,708 2,326,030 590,183 1,735,847
Budgetary Fund Balance, June 30 1,255,548$ (105,774)$ 1,438,813$ 1,544,587$
Budget Amounts
276
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
ECONOMIC DEVELOPMENT FUND
YEAR ENDED JUNE 30, 2019
111
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 -$ -$ -$ -$
Resources (InFlows):
Use of money and property - - 31,940 31,940
Miscellaneous revenue - 1,389,600 - (1,389,600)
Transfer in - 1,592,000 2,975,564 1,383,564
Amounts Available for Appropriations - 2,981,600 3,007,504 25,904
Budgetary Fund Balance, June 30 -$ 2,981,600$ 3,007,504$ 25,904$
Budget Amounts
277
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
AB 1379 FUND
YEAR ENDED JUNE 30, 2019
112
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 -$ -$ -$ -$
Resources (InFlows):
Intergovernmental 4,000 10,000 20,366 10,366
Use of money and property - - 331 331
Amounts Available for Appropriations 4,000 10,000 20,697 10,697
Charges to Appropriation (OutFlows):
Planning and development 4,000 5,500 1,269 4,231
Total Charges to Appropriations 4,000 5,500 1,269 4,231
Budgetary Fund Balance, June 30 -$ 4,500$ 19,428$ 14,928$
Budget Amounts
278
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
CAPITAL IMPROVEMENT
YEAR ENDED JUNE 30, 2019
113
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (347,562)$ (347,562)$ (347,562)$ -$
Resources (InFlows):
Intergovernmental - 20,639,857 1,282,273 (19,357,584)
Use of money and property - - 18,893 18,893
Developer participation 81,970 630,811 774,304 143,493
Transfers in 11,873,971 35,393,125 7,731,237 (27,661,888)
Amounts Available for Appropriations 11,608,379 56,316,231 9,459,145 (46,857,086)
Charges to Appropriation (OutFlows):
Planning and development 1,484,500 2,436,201 1,492,068 944,133
Capital outlay 10,471,441 54,238,600 8,035,167 46,203,433
Transfers out - - 311,833 (311,833)
Total Charges to Appropriations 11,955,941 56,674,801 9,839,068 46,835,733
Budgetary Fund Balance, June 30 (347,562)$ (358,570)$ (379,923)$ (21,353)$
Budget Amounts
279
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
CIVIC CENTER
YEAR ENDED JUNE 30, 2019
114
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (7,103,053)$ (7,103,053)$ (7,103,053)$ -$
Resources (InFlows):
Use of money and property - - 865 865
Developer participation 110,000 110,000 176,934 66,934
Special Item:
Interfund loan payoff - - 7,106,231 7,106,231
Amounts Available for Appropriations (6,993,053) (6,993,053) 180,977 7,174,030
Charges to Appropriation (OutFlows):
Debt service:
Interest and fiscal charges 110,000 110,000 96,696 13,304
Planning and development - 5,952 4,541 1,411
Total Charges to Appropriations 110,000 115,952 101,237 14,715
Budgetary Fund Balance, June 30 (7,103,053)$ (7,109,005)$ 79,740$ 7,188,745$
Budget Amounts
280
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
INFRASTRUCTURE FUND
YEAR ENDED JUNE 30, 2019
115
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 23,914$ 23,914$ 23,914$ -$
Resources (InFlows):
Use of money and property 100 100 733 633
Amounts Available for Appropriations 24,014 24,014 24,647 633
Charges to Appropriation (OutFlows):
Planning and development - 5,953 4,543 1,410
Transfers out - 22,618 - 22,618
Total Charges to Appropriations - 28,571 4,543 24,028
Budgetary Fund Balance, June 30 24,014$ (4,557)$ 20,104$ 24,661$
Budget Amounts
281
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
TRANSPORTATION
YEAR ENDED JUNE 30, 2019
116
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 3,098,380$ 3,098,380$ 3,098,380$ -$
Resources (InFlows):
Use of money and property 19,000 29,000 91,637 62,637
Developer participation 350,000 350,000 639,345 289,345
Transfers in - - 25,242 25,242
Amounts Available for Appropriations 3,467,380 3,477,380 3,854,604 377,224
Charges to Appropriation (OutFlows):
Planning and development - 5,953 4,543 1,410
Public Works 400,000 400,000 400,000 -
Transfers out - 2,151,507 987,337 1,164,170
Total Charges to Appropriations 400,000 2,557,460 1,391,880 1,165,580
Budgetary Fund Balance, June 30 3,067,380$ 919,920$ 2,462,724$ 1,542,804$
Budget Amounts
282
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
PARKS AND RECREATION
YEAR ENDED JUNE 30, 2019
117
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 887,905$ 887,905$ 887,905$ -$
Resources (InFlows):
Use of money and property 1,500 5,500 35,346 29,846
Developer participation 506,700 506,700 344,064 (162,636)
Amounts Available for Appropriations 1,396,105 1,400,105 1,267,315 (132,790)
Charges to Appropriation (OutFlows):
Planning and development - 5,952 4,542 (1,410)
Transfers out - 2,400,000 - (2,400,000)
Total Charges to Appropriations - 2,405,952 4,542 (2,401,410)
Budgetary Fund Balance, June 30 1,396,105$ (1,005,847)$ 1,262,773$ (2,534,200)$
Budget Amounts
283
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
LIBRARY DEVELOPMENT
YEAR ENDED JUNE 30, 2019
118
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (1,572,557)$ (1,572,557)$ (1,572,557)$ -$
Resources (InFlows):
Developer participation 30,000 30,000 57,792 27,792
Amounts Available for Appropriations (1,542,557) (1,542,557) (1,514,765) 27,792
Charges to Appropriation (OutFlows):
Debt service:
Interest and fiscal charges 30,000 30,000 30,939 (939)
Planning and development - 5,952 4,542 1,410
Total Charges to Appropriations 30,000 35,952 35,481 471
Budgetary Fund Balance, June 30 (1,572,557)$ (1,578,509)$ (1,550,246)$ 28,263$
Budget Amounts
284
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
COMMUNITY CENTER
YEAR ENDED JUNE 30, 2019
119
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 136,957$ 136,957$ 136,957$ -$
Resources (InFlows):
Use of money and property 400 400 4,805 4,405
Developer participation 15,000 15,000 21,672 6,672
Amounts Available for Appropriations 152,357 152,357 163,434 11,077
Charges to Appropriation (OutFlows):
Planning and development - 5,952 4,543 1,409
Transfers out - 101,639 - 101,639
Total Charges to Appropriations - 107,591 4,543 103,048
Budgetary Fund Balance, June 30 152,357$ 44,766$ 158,891$ (91,971)$
Budget Amounts
285
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
STREET FACILITY
YEAR ENDED JUNE 30, 2019
120
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (1,891,594)$ (1,891,594)$ (1,891,594)$ -$
Resources (InFlows):
Use of money and property - - 129 129
Developer participation 15,000 15,000 26,100 11,100
Transfers in - - 3,966 3,966
Special Item
Interfund loan payoff - - 1,902,137 1,902,137
Amounts Available for Appropriations (1,876,594) (1,876,594) 40,738 1,917,332
Charges to Appropriation (OutFlows):
Debt service:
Interest and fiscal charges 15,000 15,000 25,906 (10,906)
Planning and development - 5,952 4,543 1,409
Total Charges to Appropriations 15,000 20,952 30,449 (9,497)
Budgetary Fund Balance, June 30 (1,891,594)$ (1,897,546)$ 10,289$ 1,907,835$
Budget Amounts
286
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
PARK FACILITY
YEAR ENDED JUNE 30, 2019
121
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 5$ 5$ 5$ -$
Resources (InFlows):
Use of money and property - - 2 2
Developer participation 4,000 4,000 6,719 2,719
Amounts Available for Appropriations 4,005 4,005 6,726 2,721
Charges to Appropriation (OutFlows):
Planning and development 4,000 5,952 4,542 (1,410)
Debt service:
Interest and fiscal charges - 4,000 - (4,000)
Transfers out - - 3,966 3,966
Total Charges to Appropriations 4,000 9,952 8,508 (1,444)
Budgetary Fund Balance, June 30 5$ (5,947)$ (1,782)$ 1,277$
Budget Amounts
287
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
FIRE FACILITY
YEAR ENDED JUNE 30, 2019
122
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (490,843)$ (490,843)$ (490,843)$ -$
Resources (InFlows):
Use of money and property - - 392 392
Developer participation 40,000 40,000 81,369 41,369
Special Item
Interfund loan payoff - - 455,197 455,197
Amounts Available for Appropriations (450,843) (450,843) 46,115 496,958
Charges to Appropriation (OutFlows):
Debt service:
Interest and fiscal charges 40,000 40,000 6,501 33,499
Planning and development - 5,952 4,542 1,410
Total Charges to Appropriations 40,000 45,952 11,043 34,909
Budgetary Fund Balance, June 30 (490,843)$ (496,795)$ 35,072$ 531,867$
Budget Amounts
288
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CITY OF LA QUINTA, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
FINANCING AUTHORITY
YEAR ENDED JUNE 30, 2019
123
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 177$ 177$ 177$ -$
Resources (InFlows):
Use of money and property 671,600 671,600 668,861 (2,739)
Amounts Available for Appropriations 671,777 671,777 669,038 (2,739)
Charges to Appropriation (OutFlows):
General government 3,500 3,500 1,000 2,500
Debt service:
Principal retirement 650,000 650,000 650,000 -
Interest and fiscal charges 18,100 18,100 18,038 62
Total Charges to Appropriations 671,600 671,600 669,038 2,562
Budgetary Fund Balance, June 30 177$ 177$ -$ (177)$
Budget Amounts
289
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124
INTERNAL SERVICE FUNDS
Internal service funds are used to account for activities involved in rendering services to departments within the
City. Costs of materials and services used are accumulated in this fund and charged to the user departments as such
goods are delivered or services rendered.
The City of La Quinta has the following Internal Service Funds:
Equipment Replacement Fund – To account for the operational maintenance and ultimate replacement of City owned
and operated vehicles and equipment.
Information Technology Fund – To account for the purchase and replacement of information systems.
Park Equipment and Facilities Fund – To account for the purchase and replacement of City owned and operated park
equipment and facilities.
Insurance Fund – To account for the City’s insurance coverage.
290
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CITY OF LA QUINTA, CALIFORNIA
COMBINING STATEMENT OF NET POSITION
INTERNAL SERVICE FUNDS
JUNE 30, 2019
125
Park
Equipment Information Equipment
Replacement Technology and Facilities Insurance Totals
Assets:
Current:
Pooled Cash and investments 3,204,332$ 1,179,482$ 3,508,369$ 1,296$ 7,893,479$
Receivables:
Accounts 3,790 - - - 3,790
Accrued interest 8,917 3,282 9,765 4 21,968
Prepaid costs - 90,375 - 750,327 840,702
Total Current Assets 3,217,039 1,273,139 3,518,134 751,627 8,759,939
Noncurrent:
Capital assets - net of accumulated depreciation 1,405,680 340,648 12,832,605 - 14,578,933
Total Assets 4,622,719$ 1,613,787$ 16,350,739$ 751,627$ 23,338,872$
Liabilities:
Current:
Accounts payable 27,747$ 55,123$ 315$ 6$ 83,191$
Accrued liabilities - 699 - 1,286 1,985
Due to other funds - - - 385,439 385,439
Deferred Revenues 3,790 - - - 3,790
Current portion of capital leases 150,706 639 - - 151,345
Total Current Liabilities 182,243 56,461 315 386,731 625,750
Noncurrent:
Long-term portion of capital leases 517,868 - - - 517,868
Total Liabilities 700,111 56,461 315 386,731 1,143,618
Net Position:
Net investment in capital assets 737,106 340,009 12,832,605 - 13,909,720
Unrestricted 3,185,502 1,217,317 3,517,819 364,896 8,285,534
Total Net Position 3,922,608$ 1,557,326$ 16,350,424$ 364,896$ 22,195,254$
Governmental Activities - Internal Service Funds
291
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CITY OF LA QUINTA, CALIFORNIA
COMBINING STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN FUND NET POSITION
INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2019
126
Park
Equipment Information Equipment and
Replacement Technology Facilities Insurance Totals
Operating Revenues:
Sales and service charges 911,700$ 1,101,282$ 655,942$ 922,450$ 3,591,374$
Operating Expenses:
Administration and general 25,898 38,278 - 193,003 257,179
Fuel and oil 66,256 - - - 66,256
Maintenance and parts 322,924 - - - 322,924
Contract services - 447,946 85,612 - 533,558
Software and supplies - 455,968 - 621,596 1,077,564
Depreciation expense 418,270 123,495 535,215 - 1,076,980
Total Operating Expenses 833,348 1,065,687 620,827 814,599 3,334,461
Operating Income (Loss)78,352 35,595 35,115 107,851 256,913
Nonoperating Revenue (Expenses):
Interest revenue 92,972 29,109 104,423 (753) 225,751
Interest expense (83,143) (211) - - (83,354)
Gain on disposal of capital assets 50,578 79,237 - - 129,815
Total Nonoperating
Revenues (Expenses)60,407 108,135 104,423 (753) 272,212
Income (Loss) before transfers 138,759 143,730 139,538 107,098 529,125
Transfers in 150,000 295,000 - - 445,000
Transfers out (10,706) - - - (10,706)
Changes in Net Position 278,053 438,730 139,538 107,098 963,419
Net Position:
Beginning of Year 3,644,555 1,118,596 16,210,886 257,798 21,231,835
End of Fiscal Year 3,922,608$ 1,557,326$ 16,350,424$ 364,896$ 22,195,254$
Governmental Activities - Internal Service Funds
292
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CITY OF LA QUINTA, CALIFORNIA
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2019
127
Park
Equipment Information Equipment
Replacement Technology and Facilities Insurance Totals
Cash Flows from Operating Activities:
Cash received from interfund services provided 907,910$ 1,101,282$ 655,942$ 923,736$ 3,588,870$
Cash paid to suppliers for goods and services (394,643) (1,005,165) (137,995) (923,392) (2,461,195)
Net Cash Provided (Used) by
Operating Activities 513,267 96,117 517,947 344 1,127,675
Cash Flows from Capital
and Related Financing Activities:
Acquisition and construction of capital assets (367,452) (87,984) (219,625) - (675,061)
Interest paid on capital debt (83,143) (211) - - (83,354)
Capital lease 29,951 (4,473) - - 25,478
Cash transfers out (10,706) - - - (10,706)
Proceeds from sales of capital assets 50,578 79,237 - - 129,815
Net Cash Provided/(Used) for
Capital and Related Financing Activities (380,772) (13,431) (219,625) - (613,828)
Cash Flows from Non-Capital
and Related Financing Activities:
Cash transfers in 150,000 295,000 - - 445,000
Cash Flows from Investing Activities
Interest received (expended)91,637 27,627 102,872 (295) 221,841$
Net Increase (Decrease) in Cash and
Cash Equivalents 374,132 405,313 401,194 49 1,180,688
Cash and Cash Equivalents at Beginning of Year 2,830,200 774,169 3,107,175 1,247 6,712,791
Cash and Cash Equivalents at End of Year 3,204,332$ 1,179,482$ 3,508,369$ 1,296$ 7,893,479$
- - -
Reconciliation of Operating Income to Net Cash
Provided (used) by Operating Activities:
Operating income (loss)78,352$ 35,595$ 35,115$ 107,851$ 256,913$
Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:
Depreciation 418,270 123,495 535,215 - 1,076,980
(Increase) decrease in accounts payable (3,790) - - - (3,790)
(Increase) decrease in prepaid expenses - (61,389) - (136,181) (197,570)
Increase (decrease) in accounts payable 16,645 (2,283) (52,383) 6 (38,015)
Increase (decrease) in accrued liabilities - 699 - 1,286 1,985
Increase (decrease) in deferred revenues 3,790 - - - 3,790
Increase (decrease) in due to other funds - - - 27,382 27,382
Total Adjustments 434,915 60,522 482,832 (107,507) 870,762
Net Cash Provided (Used) by
Operating Activities 513,267$ 96,117$ 517,947$ 344$ 1,127,675$
Governmental Activities - Internal Service Funds
293
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128
AGENCY FUNDS
Agency funds are used to account for assets held by the City as an agent for individual, private organizations and
other governmental units. The agency funds and their purposes are as follows:
The City of La Quinta has the following agency funds:
Assessment District No. 97-1 – To account for assessments paid to the City for debt services payments on bond
issues used to finance sewer improvements.
Assessment District No. 2001-1 – The 2001-1 bonds were fully defeased and closed in fiscal year 2018-2019.
294
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CITY OF LA QUINTA, CALIFORNIA
COMBINING STATEMENT OF FIDUCIARY NET POSITION
ALL AGENCY FUNDS
JUNE 30, 2019
129
Assessment
District No. 97-1 Totals
Assets:
Pooled cash and investments 29,389$ 29,389$
Receivables:
Accrued interest 81 81
Total Assets 29,470$ 29,470$
Liabilities:
Deposits payable 29,470$ 29,470$
295
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CITY OF LA QUINTA, CALIFORNIA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2019
130
Balance Balance
7/1/2018 Additions Deductions 6/30/2019
Assessment District No. 97-1
Assets:
Pooled cash and investments 28,475$ 1,324$ 410$ 29,389$
Receivables:
Taxes - 81 - 81
Total Assets 28,475$ 1,405$ 410$ 29,470$
Liabilities:
Deposits payable 28,475$ 995$ -$ 29,470$
Total Liabilities 28,475$ 995$ -$ 29,470$
Assessment District No. 2001-1
Assets:
Pooled cash and investments 143,315$ -$ 143,315$ -$
Total Assets 143,315$ -$ 143,315$ -$
Liabilities:
Deposits payable 143,315$ -$ 143,315$ -$
Total Liabilities 143,315$ -$ 143,315$ -$
Total - All Agency Funds
Assets:
Pooled cash and investments 171,790$ 1,324$ 143,725$ 29,389$
Receivables:
Taxes - 81 - 81
Total Assets 171,790$ 1,405$ 143,725$ 29,470$
Liabilities:
Deposits payable 171,790$ 995$ 143,315$ 29,470$
Total Liabilities 171,790$ 995$ 143,315$ 29,470$
296
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131
STATISTICAL SECTION (UNAUDITED)
This part of the City of La Quinta' comprehensive annual financial report presents detailed information as a context
for understanding what the information in the financial statements, note disclosures, and required supplementary
information says about the City's overall financial health.
Contents Page
Financial Trends
These schedules contain trend information to help the reader understand
how the City’s financial performance and well-being have changed over time. 132
Revenue Capacity
These schedules contain information to help the reader assess the City’s most
significant local revenue sources, general and Redevelopment property taxes. 144
Debt Capacity
These schedules present information to help the reader assess the affordability of the
City’s current levels of outstanding debt and the City’s ability to issue additional debt
in the future. 154
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader
understand the environment within which the City’s financial activities take place. 161
Operating Information
These schedules contain service and infrastructure data to help the reader understand
how the information in the City’s financial report relates to the services the City
provides and the activities it performs. 164
Sources: Unless otherwise noted, the information in these schedules was derived from the City's comprehensive
annual financial reports for the relevant year.
297
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CITY OF LA QUINTA
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
2010 2011 2012 2013 2014
Governmental Activities
Net investment in capital assets 336,459,272$ 276,787,752$ 534,388,479$ 529,681,342$ 527,614,666$
Restricted 96,332,870 107,042,126 26,585,382 49,598,397 53,669,248
Unrestricted 77,187,433 97,009,428 89,832,811 83,399,745 83,907,046
Total Governmental Activities Net Position 509,979,575 480,839,306 650,806,672 662,679,484 665,190,960
Business-Type Activities
Net investment in capital assets 42,879,482 42,491,051 42,105,683 41,741,443 41,354,565
Restricted - - - - -
Unrestricted (4,863,848) (4,918,951) (4,745,892) (4,750,604) (4,674,666)
Total Business-Type Activities Net Position 38,015,634 37,572,100 37,359,791 36,990,839 36,679,899
Primary Government
Net investment in capital assets 379,338,754 319,278,803 576,494,162 571,422,785 568,969,231
Restricted 96,332,870 107,042,126 26,585,382 49,598,397 53,669,248
Unrestricted 72,323,585 92,090,477 85,086,919 78,649,141 79,232,380
Total Primary Government Net Position 547,995,209 518,411,406 688,166,463 699,670,323 701,870,859
Fiscal Year
Source:City of La Quinta
132 298
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TABLE 1
2015 2016 2017 2018 2019
Governmental Activities:
523,495,389$ 516,499,682$ 517,039,487$ 510,913,594$ 519,221,969$ Net investment in capital assets
62,472,221 61,148,731 38,824,860 39,204,789 44,815,499 Restricted
74,362,189 84,439,071 118,125,125 130,950,644 138,584,041 Unrestricted
660,329,799 662,087,484 673,989,472 681,069,027 702,621,509 Total Governmental Activities Net Position
Business-Type Activities:
44,118,111 43,898,784 43,836,868 43,585,880 43,375,536 Net investment in capital assets
- - - - - Restricted
(4,892,647) (5,086,906) (5,140,966) (5,203,212) 240,125 Unrestricted
39,225,464 38,811,878 38,695,902 38,382,668 43,615,661 Total Business-Type Activities Net Position
Primary Government:
567,613,500 560,398,466 560,876,355 554,499,474 562,597,505 Net investment in capital assets
62,472,221 61,148,731 38,824,860 39,204,789 44,815,499 Restricted
69,469,542 79,352,165 112,984,159 125,747,432 138,824,166 Unrestricted
699,555,263 700,899,362 712,685,374 719,451,695 746,237,170 Total Primary Government Net Position
133 299
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CITY OF LA QUINTA
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
2010 2011 2012 2013 2014
Expenses
Governmental activities:
General government 34,287,068$ 11,283,358$ 6,183,712$ 4,511,023$ 4,830,239$
Public safety 21,274,519 21,070,458 20,815,454 21,047,691 21,169,423
Planning and development 5,173,326 18,715,283 6,378,352 2,274,541 3,098,015
Community services 15,923,380 4,735,964 5,093,402 4,986,104 4,130,085
Public works 12,326,726 10,757,279 13,288,521 11,803,133 12,610,994
Contribution to other agencies - 31,324,064 - - -
Interest on long-term debt 15,330,603 14,353,359 3,021,496 447,048 405,977
Total governmental activities expenditures 104,315,622 112,239,765 54,780,937 45,069,540 46,244,733
Business-type activities:
Golf course 4,169,768 4,202,274 4,085,282 4,208,855 4,971,977
Total business-type activities expenditures 4,169,768 4,202,274 4,085,282 4,208,855 4,971,977
108,485,390 116,442,039 58,866,219 49,278,395 51,216,710
Program Revenues
Governmental activities:
Charges for services:
General government 21,439 47,696 86,869 38,812 71,042
Public safety 1,100,491 1,044,399 1,020,822 927,604 1,412,819
Planning and development 69,391 74,471 68,470 112,695 595,980
Community services 250,557 210,151 247,397 245,392 1,224,719
Public works 1,124,647 1,086,771 1,080,744 1,209,438 1,195,703
Operating grants and contributions 15,363,650 13,152,942 11,289,673 28,068,940 14,587,153
Capital grants and contributions 5,974,311 3,157,828 9,990,793 3,981,286
Total governmental activities program revenues 23,904,486 18,774,258 23,784,768 30,602,881 23,068,702
Business-type activities:
Charges for services:
Golf course 3,584,996 3,756,615 3,871,898 3,736,879 3,481,424
Capital grants and contributions - - - - -
Total business-type activities program revenues 3,584,996 3,756,615 3,871,898 3,736,879 3,481,424
27,489,482 22,530,873 27,656,666 34,339,760 26,550,126
Net Revenues (Expenditures):
Governmental activities (80,411,136) (93,465,507) (30,996,169) (14,466,659) (23,176,031)
Business-type activities (584,772) (445,659) (213,384) (471,976) (1,490,553)
(80,995,908) (93,911,166) (31,209,553) (14,938,635) (24,666,584)
General Revenues and Other Changes in Net Position:
Governmental activities:
Taxes:
Property taxes 6,278,470 5,942,353 21,370,476 7,043,604 9,193,753
Tax increment 35,390,317 32,569,795 - - -
Transient occupancy taxes 4,265,438 4,737,968 5,446,883 5,980,684 6,307,737
Sales tax 6,927,388 7,323,835 7,713,741 7,833,545 8,786,819
Franchise taxes 1,585,427 1,607,829 1,687,440 1,669,476 1,688,263
Business license taxes 302,223 285,270 293,592 292,966 307,654
Other taxes 461,957 437,235 428,963 518,778 580,834
Motor vehicle in lieu, unrestricted 3,714,437 3,515,395 3,173,826 3,157,330 3,291,042
Investment income 5,362,684 4,693,974 1,925,255 1,605,718 2,190,357
Gain (loss) on sale of capital assets 2,330 - - 28,551 -
Miscellaneous 477,936 3,211,584 268,644 192,509 243,498
Special Item (interfund loan payoff)
Extraordinary gain/loss on dissolution of RDA - - 158,654,715 (2,189,984) (6,402,450)
Transfers - - - - (500,000)
Total governmental activities 64,768,607 64,325,238 200,963,535 26,133,177 25,687,507
Business-type activities:
Investment income 1,252 2,125 1,075 2,225 1,567
Gain (loss) on sale of capital assets - - - - -
Miscellaneous - - - 100,799 678,046
Transfers - - - - 500,000
Total business-type activities 1,252 2,125 1,075 103,024 1,179,613
Total Primary Government 64,769,859 64,327,363 200,964,610 26,236,201 26,867,120
Changes in Net Position
Governmental activities (15,642,529) (29,140,269) 169,967,366 11,666,518 2,511,476
Business-type activities (583,520) (443,534) (212,309) (368,952) (310,940)
Total Primary Government (16,226,049) (29,583,803) 169,755,057 11,297,566 2,200,536
Total Primary Government Expenditures
Total Primary Government Program Revenues
Fiscal Year
Total Net Revenues (Expenditures)
Source:City of La Quinta
For fiscal 2018/19, there is a one-time entry for an interfund loan noted as a 'special item' under governmental activites and 'miscellaneous' under business
type activities. This is also dicussed in the Notes to Basic Financial Stateements section, Note 18: Special Item.
134 300
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TABLE 2
2015 2016 2017 2018 2019
Expenditures:
Governmental activities:
5,166,732$ 5,645,004$ 5,565,727$ 8,869,174$ 9,085,863$ General government
21,636,149 22,067,603 23,378,824 22,508,088 23,164,976 Public safety
2,212,013 3,359,732 2,882,321 4,352,134 5,913,321 Planning and development
5,992,362 6,214,098 6,584,268 9,231,268 6,202,084 Community services
18,116,732 12,157,245 10,927,160 15,580,975 4,430,519 Public works
- - - Contribution to other agencies
340,716 343,129 309,463 1,468,971 210,941 Interest on long-term debt
53,464,704 49,786,811 49,647,763 62,010,610 49,007,703 Total governmental activities expenditures
Business-type activities:
5,053,360 4,373,586 3,965,644 4,318,463 4,558,922 Golf course
5,053,360 4,373,586 3,965,644 4,318,463 4,558,922 Total business-type activities expenditures
58,518,064 54,160,397 53,613,407 66,329,073 53,566,625 Total Primary Government Expenditures
Program Revenues:
Governmental activities:
Charges for services:
121,140 192,538 504,127 883,153 516,115 General government
1,655,421 1,378,704 341,368 367,848 376,249 Public safety
489,589 467,053 564,327 724,499 636,683 Planning and development
307,869 386,824 453,098 442,656 479,542 Community services
1,197,069 1,134,630 741,703 1,054,902 1,119,816 Public works
16,829,107 12,213,338 6,187,803 4,259,916 5,619,719 Operating grants and contributions
3,536,444 1,076,145 3,316,153 4,455,060 5,462,395 Capital grants and contributions
24,136,639 16,849,232 12,108,579 12,188,034 14,210,520 Total governmental activities program revenues
Business-type activities:
Charges for services:
3,561,857 3,621,495 3,446,340 3,567,718 3,773,396 Golf course
2,872,122 - - Capital grants and contributions
6,433,979 3,621,495 3,446,340 3,567,718 3,773,396 Total business-type activities program revenues
30,570,618 20,470,727 15,554,919 15,755,752 17,983,916 Total Primary Government Program Revenues
Net Revenues (Expenditures):
(29,328,065) (32,937,579) (37,539,184) (49,822,576) (34,797,184) Governmental activities
1,380,619 (752,091) (519,304) (750,745) (785,526) Business-type activities
(27,947,446) (33,689,670) (38,058,488) (50,573,321) (35,582,710) Total Net Revenues (Expenditures)
General Revenues and Other Changes in Net Position:
Governmental activities:
Taxes:
8,776,491 8,798,296 15,521,335 15,887,015 16,423,843 Property taxes
- - - - - Tax increment
6,637,183 7,835,745 9,433,970 10,752,788 11,230,915 Transient occupancy taxes
8,873,008 9,107,046 10,060,305 18,956,985 20,905,243 Sales tax
1,861,453 1,799,938 1,815,491 1,977,179 2,032,848 Franchise taxes
306,087 334,465 365,451 345,187 418,707 Business license taxes
530,336 516,964 585,333 718,472 713,237 Other taxes
3,486,367 3,651,549 3,813,213 3,941,348 4,086,536 Motor vehicle in lieu, unrestricted
1,981,343 2,390,468 442,710 803,654 5,150,613 Investment income
- - - - - Gain (loss) on sale of capital assets
296,346 376,193 460,614 649,566 394,347 Miscellaneous
(5,553,561) Special Item (interfund loan payoff)
- - 7,344,050 3,624,121 993,148 Extraordinary gain/loss on dissolution of RDA
(247,739) (115,400) (401,300) (434,000) (450,000) Transfers
32,500,875 34,695,264 49,441,172 57,222,315 56,345,876 Total governmental activities
Business-type activities:
2,043 4,282 2,028 3,511 14,958 Investment income
- - - - - Gain (loss) on sale of capital assets
915,164 218,823 - - 5,553,561 Miscellaneous
247,739 115,400 401,300 434,000 450,000 Transfers
1,164,946 338,505 403,328 437,511 6,018,519 Total business-type activities
33,665,821 35,033,769 49,844,500 57,659,826 62,364,395 Total Primary Government
Changes in Net Position
3,172,810 1,757,685 11,901,988 7,399,739 21,552,482 Governmental activities
2,545,565 (413,586) (115,976) (313,234) 5,232,993 Business-type activities
5,718,375 1,344,099 11,786,012 7,086,505 26,785,475 Total Primary Government
135 301
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CITY OF LA QUINTA
Changes in Net Position - Governmental Activities
Last Ten Fiscal Years
(accrual basis of accounting)
2010 2011 2012 2013 2014
Expenses
General government 34,287,068$ 11,283,358$ 6,183,712$ 4,511,023$ 4,830,239$
Public safety 21,274,519 21,070,458 20,815,454 21,047,691 21,169,423
Planning and development 5,173,326 18,715,283 6,378,352 2,274,541 3,098,015
Community services 15,923,380 4,735,964 5,093,402 4,986,104 4,130,085
Public works 12,326,726 10,757,279 13,288,521 11,803,133 12,610,994
Contribution to other agencies - 31,324,064 - - -
Interest on long-term debt 15,330,603 14,353,359 3,021,496 447,048 405,977
Total Governmental Activities Expenditures 104,315,622 112,239,765 54,780,937 45,069,540 46,244,733
Program Revenues
Charges for services:
General government 21,439 47,696 86,869 38,812 71,042
Public safety 1,100,491 1,044,399 1,020,822 927,604 1,412,819
Planning and development 69,391 74,471 68,470 112,695 595,980
Community services 250,557 210,151 247,397 245,392 1,224,719
Public works 1,124,647 1,086,771 1,080,744 1,209,438 1,195,703
Operating grants and contributions 15,363,650 13,152,942 11,289,673 28,068,940 14,587,153
Capital grants and contributions 5,974,311 3,157,828 9,990,793 4,115,238 3,981,286
23,904,486 18,774,258 23,784,768 34,718,119 23,068,702
Net Revenues (Expenditures)(80,411,136) (93,465,507) (30,996,169) (10,351,421) (23,176,031)
General Revenues and Other Changes in Net Position
Taxes:
Property taxes 6,278,470 5,942,353 21,370,476 7,043,604 9,193,753
Tax increment 35,390,317 32,569,795 - - -
Transient occupancy taxes 4,265,438 4,737,968 5,446,883 5,980,684 6,307,737
Sales tax 6,927,388 7,323,835 7,713,741 7,833,545 8,786,819
Franchise tax 1,585,427 1,607,829 1,687,440 1,669,476 1,688,263
Business license taxes 302,223 285,270 293,592 292,966 307,654
Other tax 461,957 437,235 428,963 518,778 580,834
Motor vehicle in lieu, unrestricted 3,714,437 3,515,395 3,173,826 3,157,330 3,291,042
Investment income 5,362,684 4,693,974 1,925,255 1,605,718 2,190,357
Gain (loss) on sale of capital assets 2,330 - - 28,551 -
Miscellaneous 477,936 3,211,584 268,644 192,509 243,498
Special item (interfund loan payoff)
Extraordinary gain/loss on dissolution of RDA - - 158,654,715 (2,189,984) (6,402,450)
Transfers - - - - (500,000)
Total Governmental Activities 64,768,607 64,325,238 200,963,535 26,133,177 25,687,507
Changes in Net Position (15,642,529) (29,140,269) 169,967,366 15,781,756 2,511,476
Fiscal Year
Total Governmental Activities Program Revenues
Source:City of La Quinta
136 302
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TABLE 3
2015 2016 2017 2018 2019
Expenditures:
5,166,732$ 5,645,004$ 5,565,727$ 8,869,174$ 9,085,863$ General government
21,636,149 22,067,603 23,378,824 22,508,088 23,164,976 Public safety
2,212,013 3,359,732 2,882,321 4,352,134 5,913,321 Planning and development
5,992,362 6,214,098 6,584,268 9,231,268 6,202,084 Community services
18,116,732 12,157,245 10,927,160 15,580,975 4,430,519 Public works
- - - - - Contribution to other agencies
340,716 343,129 309,463 1,468,971 210,941 Interest on long-term debt
53,464,704 49,786,811 49,647,763 62,010,610 49,007,703 Total Governmental Activities Expenditures
Program Revenues:
Charges for services:
121,140 192,538 504,127 883,153 516,115 General government
1,655,421 1,378,704 341,368 367,848 376,249 Public safety
489,589 467,053 564,327 724,499 636,683 Planning and development
307,869 386,824 453,098 442,656 479,542 Community services
1,197,069 1,134,630 741,703 1,054,902 1,119,816 Public works
16,829,107 12,213,338 6,187,803 4,259,916 5,623,509 Operating grants and contributions
3,536,444 1,076,145 3,316,153 4,455,060 5,462,395 Capital grants and contributions
24,136,639 16,849,232 12,108,579 12,188,034 14,214,310
Total Governmental Activities Program
Revenues
(29,328,065) (32,937,579) (37,539,184) (49,822,576) (34,793,394) Net Revenues (Expenditures)
General Revenues and Other Changes in
Net Position:
Taxes:
8,776,491 8,798,296 15,521,335 15,887,015 16,423,843 Property taxes
- - - - - Tax increment
6,637,183 7,835,745 9,433,970 10,752,788 11,230,915 Transient occupancy taxes
8,873,008 9,107,046 10,060,305 18,956,985 20,905,243 Sales tax
1,861,453 1,799,938 1,815,491 1,977,179 2,032,848 Franchise tax
306,087 334,465 365,451 345,187 418,707 Business license taxes
530,336 516,964 585,333 718,472 713,237 Other tax
3,486,367 3,651,549 3,813,213 3,941,348 4,086,536 Motor vehicle in lieu, unrestricted
1,981,343 2,390,468 442,710 803,654 5,150,613 Investment income
- 376,193 460,614 649,566 394,347 Gain (loss) on sale of capital assets
296,346 - - - - Miscellaneous
(5,553,561) Special item (interfund loan payoff)
- - 7,344,050 3,624,121 993,148 Extraordinary gain/loss on dissolution of RDA
(247,739) (115,400) (401,300) (434,000) (450,000) Transfers
32,500,875 34,695,264 49,441,172 57,222,315 56,345,876 Total Governmental Activities
3,172,810 1,757,685 11,901,988 7,399,739 21,552,482 Changes in Net Position
137 303
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CITY OF LA QUINTA
Changes in Net Position - Business-type Activities
Last Ten Fiscal Years
(accrual basis of accounting)
2010 2011 2012 2013 2014
Expenses
Golf course 4,169,768$ 4,202,274$ 4,085,282$ 4,208,855$ 4,971,977$
Total Business-Type Activities Expenditures 4,169,768 4,202,274 4,085,282 4,208,855 4,971,977
Program revenues
Charges for services:
Golf course 3,584,996 3,756,615 3,871,898 3,736,879 3,481,424
Capital grants and contributions - - - - -
3,584,996 3,756,615 3,871,898 3,736,879 3,481,424
Net Revenues (Expenditures)(584,772) (445,659) (213,384) (471,976) (1,490,553)
General Revenues and Other Changes in Net Position
Investment income 1,252 2,125 1,075 2,225 1,567
Gain (loss) on sale of capital assets - - - - -
Miscellaneous - - - 100,799 678,046
Transfers - - - - 500,000
Capital contributions - - - - -
Total Business-Type Activities 1,252 2,125 1,075 103,024 1,179,613
Changes in Net Position (583,520) (443,534) (212,309) (368,952) (310,940)
Total Business-Type Activities Program Revenues
Fiscal Year
Source:City of La Quinta
138 304
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TABLE 4
2015 2016 2017 2018 2019
Expenditures:
5,053,360$ 4,373,586$ 3,965,644$ 4,318,463$ 4,558,922$ Golf course
5,053,360 4,373,586 3,965,644 4,318,463 4,558,922 Total Business-Type Activities Expenditures
Program revenues:
Charges for services:
3,561,857 3,621,495 3,446,340 3,567,718 3,773,396 Golf course
2,872,122 - - - - Capital grants and contributions
6,433,979 3,621,495 3,446,340 3,567,718 3,773,396
1,380,619 (752,091) (519,304) (750,745) (785,526) Net Revenues (Expenditures)
General Revenues and Other Changes in Net Position:
2,043 4,282 2,028 3,511 14,958 Investment income
- - - - - Gain (loss) on sale of capital assets
915,164 218,823 - - 5,553,561 Miscellaneous
247,739 115,400 401,300 434,000 450,000 Transfers
- - - - - Capital contributions
1,164,946 338,505 403,328 437,511 6,018,519 Total Business-Type Activities
2,545,565 (413,586) (115,976) (313,234) 5,232,993 Changes in Net Position
Total Business-Type Activities Program Revenues
139 305
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CITY OF LA QUINTA
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
2010 (1)2011 2012 2013 2014
General fund
Nonspendable:
Prepaid costs 9,030$ 23,260$ 27,481$ 11,786$ 1,500$
Land held for resale - 8,320,000 8,320,000 8,320,000 8,320,000
Advances to other funds 57,897,671 15,373,104 15,417,929 15,509,691 15,163,183
Deposits 9,830 9,967 118,516 4,830 4,830
Due from Other Governments - - - 41,378,966 34,976,516
Restricted for:
Debt service - 169,631 173,426 - -
Section 115 Trust
Committed:
Emergency Reserve(2)17,774,648 18,018,595 17,516,295 16,034,995 16,034,995
Natural Disaster Reserve(2)
Economic Disaster Reserve(2)
Post retirement health benefits(3)1,258,059 1,258,059 1,523,401 1,523,401 1,523,401
Capital Replacement Reserve(2)- - - 2,848,737 1,507,429
Cash Flow Reserve(2)- - - - 2,836,820
Pension Trust(4)- - - - -
Carryovers - - - - 356,438
Other - - - - -
Assigned:
Continuing appropriations 1,555,176 1,768,494 1,041,172 1,013,533 209,000
Public Safety (Note 12b)- - - - -
Sales Tax Reserve (Note 12 b)- - - - -
Capital Projects (Note 12b)- - - - -
Unassigned 13,525,704 48,140,444 47,737,861 5,926,651 10,699,641
Total general fund 92,030,118 93,081,554 91,876,081 92,572,590 91,633,753
All other governmental funds
Nonspendable:
Prepaid costs 7,740 10,563 12,875 10,310 -
Notes and loans 2,088,709 2,081,614 2,065,611 2,062,589 -
Advances to other funds 4,293,166 4,569,188 - - -
Deposits 6,400 6,000 13,600 13,600 -
Restricted:
Planning and development projects 31,032,124 34,018,930 10,767,199 3,730,533 5,970,006
Public safety 48,852 96,364 245,187 258,968 274,274
Community services 11,675,417 10,248,314 11,162,057 11,626,441 12,459,516
Public works 448,731 396,355 145,823 262,754 1,571,163
Capital Projects 53,123,856 58,111,106 4,089,156 1,392,581 1,590,168
Debt service 3,890 4,001,426 2,534 2,234 -
Assigned:
Continuing appropriations - - - - -
Unassigned (33,626,907) (13,250,398) (13,248,593) (13,179,196) (12,370,462)
Total all other governmental funds 69,101,978 100,289,462 15,255,449 6,180,814 9,494,665
Total Governmental Funds 161,132,096 193,371,016 107,131,530 98,753,404 101,128,418
Fiscal Year
Notes:
(1)In Fiscal Year 2009-2010, the City implemented GASB 54 which changed the reporting requirements for fund balances in the financial
statements. This table has been updated to reflect the impact of GASB 54 not only for Fiscal Year 2009-10 but for all prior years.
(2) In Fiscal year 2017-18, the City adopted a reserves policy which modifed, added and/ or eliminated reserve category names. Emergency
Reserves are now split into Natural Disaster and Economic Disaster, Working Capital Reserve was re-named Cash Flow Reserve, Capital
Replacement and Pension Trust were added.
(3) In Fiscal Year 2017-18 the City opened a trust for Other Post Employment Benefits (OPEB), and this reserve was deposited into the trust.
See Note 10.
(4) In Fiscal Year 2018-19 the City opened a trust for Pension Benefits, and this reserve was deposited into the trust. See Note 8.
140 306
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TABLE 5
2015 2016 2017 2018 2019
General fund:
Nonspendable:
15,653$ 204,589$ 10,578$ 90,657$ 37,182$ Prepaid costs
8,320,000 8,320,000 8,320,000 8,320,000 5,730,990 Land held for resale
14,943,098 14,974,800 15,022,660 14,954,085 - Advances to other funds
33,985 - - - - Deposits
26,715,575 25,105,681 29,154,040 29,611,707 27,915,770 Due from Other Governments
Restricted for:
- - - - - Debt service
6,540,000 Section 115 Trust
Committed:
15,372,600 15,576,000 16,534,000 - - Emergency Reserve(2)
7,400,000 10,000,000 Natural Disaster Reserve(2)
8,140,000 11,000,000 Economic Disaster Reserve(2)
1,523,401 1,523,400 1,523,400 - - Post retirement health benefits
1,727,390 2,302,000 - 5,000,000 5,000,000 Capital Replacement Reserve(2)
3,843,150 3,894,000 4,134,000 5,000,000 5,000,000 Cash Flow Reserve(2)
- - - 2,000,000 - Pension Trust
476,400 4,274,046 120,000 2,186,500 745,300 Carryovers
- - - - - Other
Assigned:
- - - - - Continuing appropriations
- - 9,371,699 9,754,327 9,864,841 Public Safety (Note 12b)
- - - 5,169,970 7,721,975 Sales Tax Reserve (Note 12 b)
- - 6,322,570 4,996,815 11,853,162 Capital Projects (Note 12b)
13,837,312 13,822,012 16,949,526 19,199,506 16,228,627 Unassigned
86,808,564 89,996,528 107,462,473 121,823,567 117,637,847 Total general fund
All other governmental funds:
Nonspendable:
- 8,422 10,349 386 Prepaid costs
- - - - Notes and loans
- - - - Advances to other funds
- - - Deposits
Restricted:
13,108,499 18,211,200 22,664,093 22,607,600 22,996,435 Planning and development projects
301,843 189,988 83,506 342,919 1,391,721 Public safety
10,711,704 9,872,124 10,040,222 10,016,652 13,775,710 Community services
1,129,697 1,250,827 1,546,505 2,033,627 2,667,401 Public works
3,873,699 3,597,221 4,490,534 4,203,991 3,904,492 Capital Projects
- - - Debt service
Assigned:
- - - Continuing appropriations
(12,703,744) (11,655,344) (11,423,008) (11,347,062) (1,852,211) Unassigned
16,421,698 21,474,438 27,412,201 27,857,727 42,883,934 Total all other governmental funds
103,230,262 111,470,966 134,874,674 149,681,294 160,521,781 Total Governmental Funds
141 307
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CITY OF LA QUINTA
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
2010 2011 2012 2013 2014
Revenues
Taxes 93,831,918$ 88,498,457$ 53,632,023$ 23,506,679$ 27,192,089$
Assessments 966,639 956,048 950,292 954,058 951,181
Licenses and permits 472,409 547,071 482,831 566,510 953,540
Intergovernmental 19,473,076 19,005,643 15,875,582 15,464,942 16,506,666
Charges for services 484,043 501,418 635,111 625,813 1,238,277
Use of money and property 5,338,679 4,670,732 1,914,518 1,582,762 2,175,048
Contributions, fines, and forfeitures 395,823 327,751 303,773 18,377,253 838,972
Developer participation 273,739 945,805 903,144 1,226,825 3,059,254
Miscellaneous 608,342 319,763 276,327 491,267 575,001
Total Revenues 121,844,668 115,772,688 74,973,601 62,796,109 53,490,028
Expenditures
Current:
General government 30,220,882 10,885,519 4,881,922 4,587,888 4,068,827
Public safety 20,116,936 19,826,372 19,669,517 20,168,038 21,189,086
Planning and development 6,028,492 8,460,420 4,314,646 27,514,768 1,748,477
Community services 4,204,626 4,147,758 4,086,686 4,411,536 4,011,432
Public works 6,862,887 4,808,060 6,192,733 5,067,370 4,617,050
Capital projects 14,514,910 21,287,775 13,335,989 8,622,783 7,974,747
Debt service:
Principal retirement 6,616,412 7,011,261 7,066,726 556,871 558,019
Interest and fiscal charges 15,357,968 15,037,919 6,701,079 437,678 411,010
Payment to bond escrow - - - - -
Payments under pass-through obligations 38,710,894 35,607,089 16,755,441 - -
Total Expenditures 142,634,007 127,072,173 83,004,739 71,366,932 44,578,648
(20,789,339) (11,299,485) (8,031,138) (8,570,823) 8,911,380
Other financing sources (uses):
Issuance of tax allocation bonds - 6,000,000 - - -
Issuance of revenue bonds - 28,850,000 - - -
Transfers in 30,386,372 61,657,034 12,554,752 29,841,053 4,201,763
Transfers out (28,893,365) (61,652,479) (12,580,120) (29,841,053) (4,335,679)
Other debts issued - - - - -
Capital leases - - - 71,045 -
Proceeds from sale of capital assets - 8,683,850 875,275 121,652 -
Total Other Financing Sources (Uses)1,493,007 43,538,405 849,907 192,697 (133,916)
Extraordinary gain/loss on dissolution of RDA - - (79,058,255) - (6,402,450)
Special item (interfund loan payoff)- - - - -
Net Change in Fund Balances (19,296,332) 32,238,920 (86,239,486) (8,378,126) 2,375,014
47.6%53.0%43.7%1.6%2.6%
Fiscal Year
Excess (Deficiency) of Revenues Over (Under)
Expenditures
Debt Service as a Percentage of Noncapital
Expenditures (1)
Notes:
(1) The capitalizable expenditures were derived from the Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of
Governmental Funds.
142 308
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TABLE 6
2015 2016 2017 2018 2019
Revenues:
26,678,471$ 28,057,989$ 41,832,117$ 44,931,250$ 48,462,493$ Taxes
940,221 944,050 953,699 950,541 961,633 Assessments
1,356,978 1,161,820 1,118,911 1,394,820 1,555,026 Licenses and permits
15,702,943 14,960,676 4,870,334 12,555,259 14,075,980 Intergovernmental
1,341,438 1,332,541 1,021,336 1,279,864 1,170,825 Charges for services
1,950,957 7,475,742 4,659,301 2,388,683 4,824,651 Use of money and property
1,956,452 28,459 348,345 375,390 375,491 Contributions, fines, and forfeitures
2,803,681 1,441,075 1,042,568 1,534,628 2,231,471 Developer participation
580,843 992,282 289,047 1,196,057 2,425,675 Miscellaneous
53,311,984 56,394,634 56,135,658 66,606,492 76,083,245 Total Revenues
Expenditures
Current:
5,050,425 5,267,024 5,845,197 7,737,111 10,129,408 General government
21,664,472 22,125,962 23,377,755 22,508,088 23,164,976 Public safety
2,097,525 3,294,259 2,549,779 4,310,589 6,415,466 Planning and development
4,798,123 4,983,038 4,626,401 5,236,083 5,944,200 Community services
5,283,309 4,101,210 4,025,958 4,146,135 4,219,461 Public works
11,097,186 7,209,874 6,859,428 9,015,861 9,096,460 Capital projects
Debt service:
594,383 632,615 651,625 666,988 650,000 Principal retirement
348,334 346,137 307,600 1,460,371 178,080 Interest and fiscal charges
- - - - - Payment to bond escrow
- - - - - Payments under pass-through obligations
50,933,757 47,960,119 48,243,743 55,081,226 59,798,051 Total Expenditures
2,378,227 8,434,515 7,891,915 11,525,266 16,285,194
Other financing sources (uses):
- - - - - Issuance of tax allocation bonds
- - - - - Issuance of revenue bonds
12,037,331 6,420,538 21,503,514 7,432,340 12,942,596 Transfers in
(12,322,714) (6,614,349) (21,904,814) (7,775,107) (13,826,890) Transfers out
- - - - Other debts issued
9,000 - - - Capital leases
- - - - Proceeds from sale of capital assets
(276,383) (193,811) (401,300) (342,767) (884,294) Total Other Financing Sources (Uses)
- - 7,344,050 3,624,121 993,148 Extraordinary gain/loss on dissolution of RDA
- - - - (5,553,561) Special item (interfund loan payoff)
2,101,844 8,240,704 14,834,665 14,806,620 10,840,487 Net Change in Fund Balances
2.2%2.4%2.45%3.26%2.03%
Debt Service as a Percentage of Noncapital
Expenditures (1)
Excess (Deficiency) of Revenues Over (Under)
Expenditures
143 309
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City of La Quinta TABLE 7
Tax Revenue by Source
Last Ten Fiscal Years
(in dollars)
Fiscal
Year
Property
Tax (2)
Tax
Increment
(1)
Transient
Occupancy
Tax Sales Tax
Franchise
Tax
Business
License
Tax
Document
Transfer
Tax Total
2010 6,278,470 35,390,317 4,265,438 6,927,388 1,585,427 302,223 461,957 55,211,220
2011 5,942,353 32,569,795 4,737,968 7,323,835 1,607,829 285,270 437,235 52,904,285
2012 21,370,476 - 5,446,883 7,713,741 1,687,440 293,592 428,963 36,941,095
2013 7,043,604 - 5,980,684 7,833,545 1,669,476 292,966 518,778 23,339,053
2014 9,193,753 - 6,307,737 8,786,819 1,688,263 307,654 580,834 26,865,060
2015 8,776,491 - 6,637,183 8,873,008 1,861,453 306,087 530,336 26,984,558
2016 8,798,296 - 7,835,745 9,107,046 1,799,938 334,465 516,964 28,392,454
2017 15,521,335 - 9,433,970 10,060,305 1,815,491 365,451 585,333 37,781,885
2018 15,887,015 - 10,752,788 18,956,985 1,977,179 345,187 718,472 48,637,626
2019 16,423,843 - 11,230,915 20,905,243 2,032,848 418,707 713,237 51,724,793
Notes:
(1)The tax increment received was a result of the activity of the Redevelopment Agency. On June 28, 2011, California Governor Jerry Brown
signed ABx1 26, the Redevelopment Dissolution Act. The Act was upheld by the California Supreme Court on Dec. 29, 2011, and the agency
was effectively dissolved Feb. 1, 2012.
(2) Starting in 2017, the revenue collected by the County that is remitted to the City for fire services was included in the property tax number.
Source:City of La Quinta
$0
$10
$20
$30
$40
$50
$60
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Tax Revenue by Source
(Excluding Tax Increment)
(in millions)
Property Tax (2)Transient Occupancy Tax Sales Tax Franchise Tax Business License Tax Document Transfer Tax
144 310
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City of La Quinta TABLE 8
Top 25 Sales Tax Producers
Current Year and Ten Years Ago
(in dollars)
Arco AM PM Service Stations
Bed Bath & Beyond Home Furnishings
Best Buy Electronics/Appliance Stores
Chevrolet Cadillac of La Quinta New Motor Vehicle Dealers BevMo Convenience Stores/Liquor
Circle K Service Stations
Cliffhouse Fine Dining Circle K Service Stations
Costco Discount Dept. Stores
Genesis of La Quinta New Motor Vehicle Dealers
Home Depot Building Materials Hyundai of La Quinta New Motor Vehicle Dealers
Kohls Department Stores
La Quinta Chevrolet & Cadillac New Motor Vehicle Dealers La Quinta Resort & Club Hotels-Liquor
Lowe's Building Materials
Marshalls Family Apparel
Ralph's Grocery Stores
McDonald's Quick-Service Restaurants Ross Family Apparel
Sams Club Discount Dept. Stores
Stater Bros Grocery Stores Staples Office Supplies/Furniture
Stein Mart Department Stores Stater Bros Grocery Stores
Stein Mart Department Stores
Target Discount Dept. Stores
Torre Nissan New Motor Vehicle Dealers
Tower Mart Service Stations USA Gas Service Stations
Verizon Wireless Electronics/Appliance Stores
Walmart Supercenter Discount Dept. Stores
66.17%67.24%
Quick-Service Restaurants
Department Stores
Hotels-Liquor
Family Apparel
Fiscal Year 2018-19
Business CategoryBusiness Name (1)
Torre Nissan
Discount Dept. Stores
Business Category
Target
TJ Maxx
In N Out Burgers
Kohls
La Quinta Resort & PGA West
Lowe's
Ross
New Motor Vehicle Dealers
Discount Dept. Stores
Family Apparel
Building Materials
Family Apparel
Marshalls
Percent of Fiscal Year Total Paid by Top 25 Accounts:Percent of Fiscal Year Total Paid by Top 25 Accounts:
Vons
Walmart Supercenter
Grocery Stores
Home Depot Building Materials
New Motor Vehicle Dealers
Discount Dept. Stores
Service Stations
Chevrolet Cadillac of La Quinta
Costco
G & M Oil
Fiscal Year 2009-10
Electronics/Appliance Stores
Arco Am PM
Bed Bath & Beyond
Best Buy
Service Stations
Home Furnishings
Business Name (1)
Notes:
(1)Firms are listed alphabetically. State law does not allow for the disclosure of the sales tax revenue amounts by account.
Top 25 businesses listed for state Bradley-Burns sales tax allocation only. For busines listings for local Measure G, see next page. Sales tax revenue
chart includes total remitted for both.
$0
$5
$10
$15
$20
$25
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Sales Tax Revenue
(in millions)
145 311
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312
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City of La Quinta TABLE 8
Top 25 Sales Tax Producers
Current Year and Ten Years Ago
(in dollars)
Amazon Fulfillment Services General Merchandise
Arco AM PM Service Stations
Bed Bath & Beyond Home Furnishings
Best Buy Electronics/Appliance Stores
Circle K Service Stations
Cliffhouse Fine Dining
Costco Discount Dept. Stores
Dept. of Motor Vehicles Allocation Used Automotive Dealers
Desert European Motor Cars New Motor Vehicle Dealers
Home Depot Building Materials
Mathis Brothers Furniture Home Furnishings
Stein Mart Department Stores
Stuft Pizza Bar & Grill Casual Dining
Tower Mart Service Stations
Vons Grocery Stores
50.48%Percent of Calendar Year Total Paid by Top 25 Accounts:
Measure G was passed in November 2016 with implementation on
April 1, 2017. Ten-year is data not available.
Verizon Wireless Electronics/Appliance Stores
Walmart Supercenter Discount Dept. Stores
Target Discount Dept Stores
TJ Maxx Family Apparel
Ross Family Apparel
Lowe's Building Materials
Marshalls Family Apparel
In N Out Burger Quick-Service Restaurants
Kohls Department Stores
La Quinta Resort & PGA West Hotels-Liquor
Fiscal Year 2018-19 Fiscal Year 2009-10
Business Name (1)Business Category Business Name Business Category
Notes:
(1)Firms are listed alphabetically. State law does not allow for the disclosure of the sales tax revenue amounts by account.
Source:HDL, Coren & Cone
146 313
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City of La Quinta
Taxable Sales by Category (1)
Last Ten Calendar Years
(in thousands)
2009 2010 2011 2012 2013
22,061$ 22,143$ 23,223$ 24,430$ 25,741$
209,394 206,153 211,249 220,970 223,324
26,196 25,351 25,197 25,854 26,394
80,172 79,646 86,433 94,859 97,662
59,747 60,740 62,879 65,445 68,606
33,576 43,566 58,938 62,668 72,839
39,127 46,059 54,342 56,001 52,093
99,779 94,532 97,477 99,028 100,811
120,668 120,291 132,417 130,421 142,049
690,720 698,481 752,155 779,676 809,519
Building materials
Calendar Year
Eating and drinking places
Apparel stores
General merchandise
Food stores
Auto dealers and supplies
Service stations
Other retail stores
All other outlets
Total
Notes:
(1)Due to confidentiality issues preventing the disclosure of the top ten largest sales tax payers by business name, this categorical list has been provided as an
alternative source of information regarding the City of La Quinta's sales tax revenue.
Source:HDL. Coren & Cone
Apparel stores
3%
General merchandise
30%
Food stores
4%
Eating and drinking places
12%
Building materials
9%
Auto dealers and supplies
5%
Service stations
6%
Other retail stores
14%
All other outlets
17%
Taxable Sales
Calendar Year 2009
147 314
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TABLE 9
2014 2015 2016 2017 2018
25,461$ 25,115$ 26,280$ 31,822$ 34,508$
216,871 208,189 206,808 222,767 232,147
25,748 22,845 25,359 25,964 26,126
101,647 106,216 115,974 117,064 122,255 Eating and drinking places
73,087 75,658 78,299 83,383 86,569
84,826 87,440 83,010 81,264 82,702 Auto dealers and supplies
47,541 40,777 34,566 37,558 42,164
101,721 105,284 107,648 104,834 114,980
150,746 155,173 172,135 180,360 210,360
827,648 826,697 850,079 885,016 951,811 Total
Service stations
Other retail stores
All other outlets
Apparel stores
General merchandise
Food stores
Building materials
Apparel stores
4%
General merchandise
24%
Food stores
3%
Eating and drinking
places
13%
Building materials
9%
Auto dealers and
supplies
9%
Service stations
4%
Other retail stores
12%
All other outlets
22%
Taxable Sales
Calendar Year 2018
148 315
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316
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CITY OF LA QUINTA TABLE 10
Assessed Value of Taxable Property
Last Ten Fiscal Years
(in dollars)
Fiscal Year Ended
June 30,Residential Commercial Agriculture
(4)Other (1)
Unsecured
Property (2)
Home Owner
Exemption(5)
Taxable Assessed
Value
Direct Rate
(3)
2010 9,483,530,068 823,821,531 20,845,624 1,358,176,147 120,977,122 (154,942,598) 11,807,350,492 1.0000
2011 8,870,471,785 771,419,124 20,792,716 1,143,332,514 118,651,054 (157,742,188) 10,924,667,193 1.0000
2012 8,612,579,049 725,788,432 20,944,939 920,025,235 104,880,163 (161,420,137) 10,384,217,818 1.0000
2013 8,510,574,371 735,622,855 19,644,835 954,074,172 106,176,279 (164,227,296) 10,326,092,512 1.0000
2014 8,959,562,854 743,340,208 20,374,889 945,004,639 108,387,013 (167,489,253) 10,776,669,603 1.0000
2015 10,116,938,804 1,061,204,501 65,769,114 77,926,274 106,672,900 (49,232,400) 11,379,279,193 1.0000
2016 10,634,834,332 1,088,406,355 64,533,443 79,120,572 113,142,376 (49,130,200) 11,930,906,878 1.0000
2017 11,071,273,174 1,195,736,674 57,463,638 71,281,946 110,768,767 (49,088,200) 12,457,435,999 1.0000
2018 11,462,635,317 1,227,709,957 59,538,912 61,350,883 105,984,928 (49,700,000) 12,867,519,997 1.0000
2019 11,869,224,686 1,288,839,436 61,861,498 85,526,307 95,584,154 (49,298,200) 13,351,737,881 1.0000
City of La Quinta, Tax District 02-2375
Notes:
(1)Other includes dry farm, government owned, institutional, irrigated, miscellaneous, recreational, vacant, cross reference and unknown. For 2016, prior years 2007
through 2015 were adjusted to match current reporting categories for consistency.
(2)Prior years 2007 through 2015 adjusted to match current reporting for consistency.
(3)In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the
property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions,
property is only re-assessed at the time that it is sold to a new owner; at which time the new assessed value is the purchase price of the property sold. The assessed
valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations
described above.
(4)In 2016 (and going forward) data will be obtained from California Municipal and The Assessor Controller's Office. The existing column headers were slightly modified to
accommodate the property type classifications. The column labeld agriculture was formerly "industrial".
(5)Prior to 2015, this column also included Exempt Property Valuations
Source:: Cal Muni 2016/17 and 2017/18; County of Riverside Assessor Combined Tax Rolls Equalized Auditor and Assessor's Net
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
$11,000
$12,000
$13,000
$14,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Taxable Assessed Value
(in millions)
149 317
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CITY OF LA QUINTA
Direct and Overlapping Property Tax Rates
(Rate per $100 of assessed value)
Last Ten Fiscal Years
2010 (1)2011 (1)2012 (1)2013 (1)2014 (1)2015 (1)2016 (1)2017 (1)2018 2019
Direct Rates:
City of La Quinta 0.0506 0.0734 0.0760 0.0760 0.0760 0.0760 0.0760 0.0760 0.0760 0.0646
ERAF Share of La Quinta General Fund 0.0113
Redevelopment agency Project Area 1 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000
Redevelopment agency Project Area 2 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000
County of Riverside 0.2586 0.2318 0.1957 0.1958 0.1958 0.1958 0.1958 0.1958 0.1958 0.0978
ERAF Share of County 0.0980
County Free Library 0.0284 0.0280 0.0252 0.0253 0.0253 0.0253 0.0253 0.0253 0.0253 0.0253
County Structure Fire Protection 0.0610 0.0602 0.0544 0.0544 0.0544 0.0544 0.0544 0.0544 0.0544 0.0544
Coachella Valley Unified School District 0.0000 0.0000 0.4322 0.4322 0.4322 0.4322 0.4322 0.4322 0.4322 0.4322
Desert Sands Unified School 0.3765 0.3716 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000
Desert Community College District 0.0782 0.0772 0.0698 0.0698 0.0698 0.0698 0.0698 0.0698 0.0698 0.0698
Riverside County Office of Education 0.0426 0.0420 0.0380 0.0380 0.0380 0.0380 0.0380 0.0380 0.0380 0.0380
Riverside County Regional Park & Open Space0.0000 0.0000 0.0040 0.0039 0.0039 0.0039 0.0039 0.0040 0.0040 0.0040
CV Public Cemetery 0.0035 0.0035 0.0032 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0032
CV Mosquito & Vector Control 0.0142 0.0141 0.0127 0.0127 0.0127 0.0127 0.0126 0.0126 0.0126 0.0126
Desert Recreation District 0.0215 0.0213 0.0192 0.0192 0.0192 0.0192 0.0192 0.0192 0.0192 0.0192
Coachella Valley Water District 0.0284 0.0281 0.0254 0.0254 0.0254 0.0254 0.0254 0.0254 0.0254 0.0254
CV Resource Conservation 0.0004 0.0004 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003
CVWD Improvement District 1 0.0000 0.0131 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118 0.0118
CVWD Storm Water Unit 0.0360 0.0355 0.0321 0.0321 0.0321 0.0321 0.0321 0.0321 0.0321 0.0321
Total Direct Rate (3)1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000
Tax Rate Area 020-005 020-005 020-005 020-005 020-005 020-005 020-005 020-160 020-160 020-160
Coachella Valley Unified School District 0.0725 0.0933 0.0749 0.0797 0.1492 0.1492 0.1322 0.1660 0.1761 0.1495
Desert Sands Unified School 0.0811 0.1004 0.1147 0.1116 0.1095 0.1098 0.1092 0.0860 0.0725 0.0742
Coachella Valley Water District 0.0660 0.0860 0.0800 0.0800 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000
Desert Community College District 0.0200 0.0200 0.0200 0.0200 0.0200 0.0233 0.0209 0.0204 0.0403 0.0398
Total Overlapping Rate 0.2395 0.2996 0.2895 0.2912 0.3787 0.3823 0.3622 0.3724 0.3889 0.3635
Total Direct and Overlapping Rate 1.2395 1.2996 1.2895 1.2912 1.3787 1.3823 1.3622 1.3724 1.3889 1.3635
Overlapping Rates (4) :
City Non-Project Area
Notes:
(1)Direct rate from Tax Rate Area (TRA) 020-160 and overlapping rates provided by Hdl Coren & Cone, data source Riverside County Assessor 2008/09- 20118/19 Annual
Tax Increment Tables.
(2)Direct rate taken from an analysis of the TRA in the project area and do not include State ERAF deductions and overlapping rates provided by California Municipal
Statistics
(3)In 1978, California voters passed Proposition 13 which sets the property tax rate at a 1.00% fixed amount for direct taxes. This 1% is shared by all taxing agencies for
which the subject property resides within.
(4)Overlapping rates are based upon a single tax rate area only.
Source:County of Riverside Auditor Controller's Office; HDL, Coren & Cone
150 318
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TABLE 11
2010 (2)2011 (2)2012 (2)2010 (2)2011 (2)2012 (2)
Direct Rates:
0.0036 0.0049 0.0524 0.0000 0.0019 0.0499 City of La Quinta
0.5432 0.5310 0.0000 0.0000 0.0000 Redevelopment agency Project Area 1
0.0000 0.0000 0.0000 0.3174 0.3059 0.0000 Redevelopment agency Project Area 2
0.2501 0.2471 0.2683 0.2537 0.2511 0.2553 County of Riverside
0.0276 0.0282 0.0294 0.0280 0.0286 0.0280 County Free Library
0.0595 0.0607 0.0633 0.0603 0.0616 0.0602 County Structure Fire Protection
0.0167 0.0182 0.0000 0.0000 0.0000 0.0000 Coachella Valley Unified School District
0.0568 0.0637 0.3905 0.1859 0.1930 0.3716 Desert Sands Unified School
0.0152 0.0166 0.0812 0.0386 0.0401 0.0772 Desert Community College District
0.0027 0.0038 0.0442 0.0210 0.0218 0.0420 Riverside County Office of Education
0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 Riverside County Regional Park & Open Space
0.0002 0.0003 0.0037 0.0000 0.0001 0.0035 CV Public Cemetery
0.0111 0.0112 0.0148 0.0141 0.0141 0.0140 CV Mosquito & Vector Control
0.0014 0.0019 0.0223 0.0053 0.0059 0.0212 Desert Recreation District
0.0120 0.0124 0.0295 0.0757 0.0740 0.0281 Coachella Valley Water District
0.0000 0.0000 0.0004 0.0000 0.0000 0.0004 CV Resource Conservation
0.0000 0.0000 0.0000 0.0000 0.0005 0.0131 CVWD Improvement District 1
0.0000 0.0000 0.0000 0.0000 0.0014 0.0355 CVWD Storm Water Unit
1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 Total Direct Rate (3)
020-089 020-089 020-089 020-144 020-144 020-144 Tax Rate Area
0.0725 0.0933 0.0749 0.0725 0.0933 0.0749 Coachella Valley Unified School District
0.0811 0.1004 0.1147 0.0811 0.1004 0.1147 Desert Sands Unified School
0.0660 0.0860 0.0800 0.0660 0.0860 0.0800 Coachella Valley Water District
0.0200 0.0200 0.0200 0.0200 0.0200 0.0200 Desert Community College District
0.2395 0.2996 0.2895 0.2395 0.2996 0.2895 Total Overlapping Rate
1.2395 1.2997 1.2895 1.2395 1.2996 1.2895 Total Direct and Overlapping Rate
Overlapping Rates (4) :
Redevelopment Project Area 1 Redevelopment Project Area 2
151 319
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CITY OF LA QUINTA TABLE 12
Principal Property Taxpayers
Current Year and Ten Years Ago
(in dollars)
Rank
Taxable
Assessed Value
(1)
Percent of
Total City
Taxable
Assessed
Value Rank
Taxable
Assessed Value
(1)
Percent of
Total City
Taxable
Assessed
Value
1 201,044,425$ 1.51%-
2 48,297,698 0.36%
3 43,984,000 0.33%0.00%
4 41,994,368 0.31% 4 67,038,913
5 35,057,188 0.26%-
6 34,616,110 0.26% 2 107,930,953
7 31,155,803 0.23% 5 50,781,966 0.43%
Lennar Homes of California Inc 8 27,178,514 0.20%0.00%
Andalusia Country Club LLC 9 27,058,289 0.20%-
10 26,406,649 0.20%-
- - 1 204,496,893 1.73%
MSR Resort Golf Course - - 3 98,061,022 0.83%
Coral Option I 6 42,590,434
- - 7 41,789,035 0.35%
Griffin Ranch - - 8 38,378,266 0.29%
WRM La Quinta 9 37,778,949
Village Resort - - 10 34,485,244 0.33%
Total 516,793,044$ 3.87%723,331,675 3.96%
Fiscal Year 2009-10
Town and Country Partners
Hawthorn IL Prop. Co.
TD Desert Development LP
Fiscal Year 2018-19
BRE Iconic LQR Owner LLC
Inland American La Quinta Pavilion
East of Madison
ND La Quinta Partners
Health Care REIT Inc
KSL Land Corp.- Desert Resort
Walmart Real Estate Business Trust
Taxpayer
(1) Taxable valuations include secured and unsecured
Source:
HdL Coren & Cone; Riverside County Assessor 2016/17 Combined Tax Rolls and the SBE Non-Unitary Tax RollP (Preliminary)
BRE Iconic LQR Owner
LLC
Inland American La
Quinta PavilionHawthorn IL Prop. Co.
East of Madison
Town and Country
Partners
TD Desert
Development LP
Walmart Real Estate
Business Trust
Lennar Homes of
California Inc
Andalusia Country Club
LLC
Health Care REIT Inc
Principal Property Tax Payers
(FY 2016-17)
152 320
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CITY OF LA QUINTA TABLE 13
Property Tax Levies and Collections
Last Ten Fiscal Years
(in dollars)
Fiscal Year
Ended June
30
Taxes Levied
for the Fiscal
Year (1)Amount
Percent of
Levy
Collections in
Subsequent
Years (2)Amount (3)
Percent of
Levy
2010 47,263,321 48,396,941 102.40%133,839 48,530,780 102.68%
2011 43,272,411 44,090,072 101.89%34,356 44,124,428 101.97%
2012 69,307,476 37,885,360 54.66%181,381 38,066,741 54.92%
2013 5,706,535 5,823,575 102.05%180,723 6,004,298 105.22%
2014 5,814,571 5,808,387 99.89%202,342 6,010,729 103.37%
2015 5,965,704 6,100,655 102.26%170,306 6,270,961 105.12%
2016 6,657,414 6,420,215 96.44%194,668 6,614,883 99.36%
2017 6,764,963 6,592,548 97.45%137,921 6,730,469 99.49%
2018 6,868,411 6,717,291 97.80%116,182 6,833,473 99.49%
2019 6,934,311 6,736,814 97.15%126,876 6,863,690 98.98%
Total Collections to Date
Collections within the Fiscal
Year of Levy
Notes:
(1)Taxes Levied. The total tax levy is based on the Statement of Original Charge from the Riverside County Auditor-
Controller Office. The amounts presented include City property taxes for tax districts 02-2374 and 02-2375 and are not
inclusive of the redevelopment increment values.
(2)Collections in Subsequent Years. The City participates in the Riverside County Teeter program; the secured taxes are
remitted in a series of advances and settlement payments, the last of which is not received by the City until October of
the subsequent year. Additionally, the City receives remittances for prior year throughout the subsequent year. As
these values are not known at the time of publishing, the number in this column will be adjusted on the 18-19 CAFR to
reflect all prior year collections received.
(3)Collections to Date. The total amount does not include any apportionment adjustments that are the result of
successful appeals of a taxpayer assessed valuation, escaped bills, refunds, or any other adjustments made by the
County Auditor-Controller. As such, the percentage of the levy collected may be higher or lower than expected.
Additionally, the increment values of the former Redevelopment Agency are allocated through a waterfall distribution
process in accordance with California Health and Safety Code 34183 and 34188, and are not reflected on the Statement
of Original Charge.
Source:County of Riverside Auditor Controller's Office
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
$50
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Property Tax Collections
(in millions)
153 321
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CITY OF LA QUINTA
Ratios of Outstanding Debt by Type (1)
Last Ten Fiscal Years
(in dollars)
2010 2011 2012 2013 2014
128,311$ -$ -$ -$ -$
114,583 78,253 40,090 71,045 129,063
741,171 729,480 - 702,105 686,345
1,530,958 1,503,433 - 1,441,096 1,405,755
Notes Payable- Eisenhower Drive Property - - - - -
2,072,965 1,255,243 - - -
1,200,000 1,000,000 - - -
174,584 - - - -
130,255,000 126,925,000 - - -
5,680,000 11,555,000 - - -
82,890,000 81,150,000 - - -
- 28,850,000 - - -
4,760,000 4,340,000 3,895,000 3,425,000 2,930,000
(768,801) (1,115,799) - - -
Total Governmental 228,778,771 256,270,610 3,935,090 5,639,246 5,151,163
Capital Leases 54,543 286,097 169,084 43,736 -
Total Business-Type Activities 54,543 286,097 169,084 43,736 -
Total Primary Government 228,833,314 256,556,707 4,104,174 5,682,982 5,151,163
Population - State Department of Finance January 1 44,421 37,836 38,075 38,401 39,032
Number of Households 23,489 23,489 23,528 23,612 23,871
Median Household Income 90,124 104,410 104,045 111,077 109,365
Percentage of Personal Income 10.81%10.46%0.17%0.22%0.20%
Debt Per Capita 5,151 6,781 108 148 132
Unamortized Discount and Issuance Costs
Reimbursement Agreement
Business-type Activities:
Due to County of Riverside
Developer Agreement
Tax Allocation Bonds Project Area 1
Tax Allocation Bonds Project Area 2
2004 Local Agency Revenue Bonds (2)
2011 Local Agency Revenue Bonds (2)
USDA Loan
Provident Savings Loan
Fiscal Year Ended
Governmental Activities:
Due to Coachella Valley Unified School District
Capital leases
City Hall Lease Revenue Bonds
Notes:
(1)Details regarding the City's outstanding debt can be found in the notes to the financial statements.
(2)The debt service payment for the 2004 and 2011 Lease Revenue Bonds are made from Redevelopment Project Area 1 & 2 low & moderate
income tax increment.
Source:City of La Quinta; HDL, Coren & Cone
154 322
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TABLE 14
2015 2016 2017 2018 2019
-$ -$ -$ -$ -$
103,869 155,395 530,163 667,035 757,971
668,933 649,698 628,448 - -
1,367,344 1,325,596 1,280,221 - -
- - 2,250,000 1,125,000 - Notes Payable- Eisenhower Drive Property
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
2,405,000 1,850,000 1,265,000 650,000 -
- - - - -
4,545,146 3,980,689 5,953,832 2,442,035 757,971 Total Governmental
- - - - - Capital Leases
- - - - - Total Business-Type Activities
4,545,146 3,980,689 5,953,832 2,442,035 757,971 Total Primary Government
39,694 39,977 40,677 41,204 42,098 Population - State Department of Finance January 1
24,150 24,432 24,544 24,643 24,764 Number of Households
97,526 99,157 104,749 107,447 117,802 Median Household Income
0.19%0.16%0.23%0.09%0.03% Percentage of Personal Income
115 100 146 59 18 Debt Per Capita
2011 Local Agency Revenue Bonds (2)
City Hall Lease Revenue Bonds
Governmental Activities:
Unamortized Discount and Issuance Costs
Business-type Activities:
Due to Coachella Valley Unified School District
Due to County of Riverside
Developer Agreement
Tax Allocation Bonds Project Area 1
Tax Allocation Bonds Project Area 2
2004 Local Agency Revenue Bonds (2)
Reimbursement Agreement
Capital leases
USDA Loan
Provident Savings Loan
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
5,151
6,781
108 148 132 115 100 146 59 18
Debt Per Capita
155 323
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CITY OF LA QUINTA TABLE 15
Ratio of General Bonded Debt Outstanding
Last Ten Fiscal Years
(in dollars)
Fiscal Year
Ended June
30,
City Hall
Lease
Obligation
Local Agency
Bonds
Tax
Allocation
Bonds Total
Percent of
Assessed
Value (2)
Per Median
Household
Income
2010 4,760,000 82,890,000 135,935,000 223,585,000 1.90%2,481
2011 4,340,000 110,000,000 138,480,000 252,820,000 2.33%2,421
2012 3,895,000 - 3,530,221 7,425,221 0.04%37
2013 3,425,000 - 1,125,000 4,550,000 0.03%31
2014 2,930,000 - 1,125,000 4,055,000 0.03%27
2015 2,405,000 - - 2,405,000 0.02%20
2016 1,850,000 - - 1,850,000 0.02%45
2017 1,265,000 - - 1,265,000 0.01%31
2018 650,000 - - 650,000 0.01%6
2019 - - - - 0.00%-
Outstanding General Bonded Debt (1)
Notes:
(1)General bonded debt is debt payable with governmental fund resources and general obligation bonds recorded in enterprise
funds (of which, the City has none)
(2) Assessed value has been used because the actual value of taxable property is not readily available in the State of California.
Source:City of La Quinta
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
1.90%
2.33%
0.04%0.03%0.03%0.02%0.02%0.01%0.01%0.00%
General Bonded Debt as a Percent of Assessed Value
156 324
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CITY OF LA QUINTA TABLE 16
Direct and Overlapping Debt
June 30, 2019
(in dollars)
Total Assessed Valuation (1)13,401,036,081$
Overlapping Debt (3)
16.52%349,425,000$ 57,735,493$
51.15%245,992,219 125,815,180
20.07%381,670,000 76,597,352
88.91%925,000 822,436
87.83%1,330,000 1,168,125
262,138,586
4.78%760,133,611 36,334,387
4.78%243,850,000 11,656,030
51.15%37,670,000 19,266,698
20.07%37,000,000 7,425,530
26.40%472,521 124,760
Total Overlapping General Fund Debt 74,807,405
Overlapping Tax Increment Debt
Successor Agencies 13.352- 100.00 %456,693,028 283,089,691
Total Overlapping Tax Increment Debt
Total Gross Overlapping Debt 620,035,682
Less: Riverside County Supported Obligations 83,033
Total Net Overlapping Debt 619,952,649
757,971$ 757,971
757,971
620,710,620$
Estimated Share of
Overlapping Debt
Outstanding Debt
6/30/18
Percentage
Applicable (2)
Overlapping Tax and Assessment Debt
Desert Community College District
Coachella Valley Unified School District
Desert Sands Unified School District (DSUSD)
Total Overlapping Tax and Assessment Debt
Overlapping General Fund Debt
Riverside County General Fund Obligations
Riverside County Pension Obligations
Coachella Valley Unified School District Certificates of Participation (COP)
Direct General Fund Debt
Total Direct General Fund Debt
DSUSD Community Facilities District No. 1
Total Net Combined Direct and Overlapping Debt
Coachella Valley Water District Assessment District No. 68
City of La Quinta General Fund Obligations
Desert Sands Unified School District COP
Desert Recreation and Park District COP
Notes:
(1) Total assessed valuation is from the Equalized Assessor report which includes homeowner exemptions.
(2)For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages
were estimated by determining the portion of the overlapping district's taxable assessed value that is within the city's boundaries divided by the district's total
taxable assessed value.
(3)Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the portion of the
outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the
City's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does
not imply that every taxpayer is a resident, and therefore responsible for repaying the debt of each overlapping government.
157 325
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CITY OF LA QUINTA
Legal Debt Margin Information
Last Ten Fiscal Years
(in dollars)
2010 2011 2012 2013 2014
Assessed valuation (1)11,753,185,892$ 10,870,790,733$ 10,331,431,958$ 10,274,998,112$ 10,726,752,603$
Debt limit percentage (2)15%15%15%15%15%
Debt limit 1,762,977,884 1,630,618,610 1,549,714,794 1,541,249,717 1,609,012,890
- - - - -
Legal debt margin 1,762,977,884$ 1,630,618,610$ 1,549,714,794$ 1,541,249,717$ 1,609,012,890$
0.0%0.0%0.0%0.0%0.0%
Total debt applicable to
the limit as a percentage
of debt limit
General obligation bonds (3)
Total net debt applicable to limit:
Fiscal Year
Notes:
(1) Assessed Valuation is from the Equalized Auditor's Net report which excludes the homeowner exemptions
(2)Section 43605 of the Government Code of the State of California limits the amount of indebtedness for public
improvements to 15% of the assessed valuation of all real and personal property of the City.
(3)The City of La Quinta has no general bonded indebtedness.
Source:Riverside County Auditor Controller
158 326
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TABLE 17
2015 2016 2017 2018 2019
11,369,346,292$ 11,930,906,878$ 12,457,435,999$ 12,867,519,997$ 13,351,737,881$ Assessed valuation (1)
15%15%15%15%15%Debt limit percentage (2)
1,705,401,944 1,789,636,032 1,868,615,400 1,930,128,000 2,002,760,682 Debt limit
Total net debt applicable to limit:
- - - - - General obligation bonds (3)
1,705,401,944$ 1,789,636,032$ 1,868,615,400$ 1,930,128,000$ 2,002,760,682$ Legal debt margin
0.0%0.0%0.0%0.0%0.0%
Total debt applicable to
the limit as a percentage
of debt limit
159 327
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CITY OF LA QUINTA TABLE 18
Pledged-Revenue Coverage (1)
Last Ten Fiscal Years
(in dollars)
Principal Interest
2010 675,280 - 675,280 400,000 275,280 1.00
2011 672,525 - 672,525 420,000 252,525 1.00
2012 673,521 - 673,521 445,000 228,521 1.00
2013 673,130 - 673,130 470,000 203,130 1.00
2014 671,351 - 671,351 495,000 176,351 1.00
2015 673,046 - 673,046 525,000 148,046 1.00
2016 673,075 - 673,075 555,000 118,076 1.00
2017 671,441 - 671,441 585,000 86,441 1.00
2018 668,141 - 668,141 615,000 53,141 1.00
2019 668,038 - 668,038 650,000 18,038 1.00
.
Debt ServiceLess Other
Debt
Payments
Net Lease
Revenue
Fiscal Year
Ended June
30,
Coverage
Ratio (3)
Local Agency Revenue Bonds (City Hall Project)
Lease
Revenue (2)
Notes:
(1)Details regarding the city's outstanding debt can be found in the notes to the financial statements.
(2)Lease revenues consist of payments from the City General Fund and Civic Center Development Impact Fee
Fund.
(3)Coverage ratio is a measure of the City's ability to meet its obligation. A ratio of greater than or equal to one
indicates that sufficient revenue has been generated to satisfy the debt service requirements. The ratio is
calculated as total available revenue (net lease revenue) divided by total debt service requirements (principal and
interest) .
160 328
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CITY OF LA QUINTA TABLE 19
Demographic and Economic Statistics
Last Ten Calendar Years
Sources 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
(3)35.31 35.31 35.16 35.16 35.16 35.71 35.71 35.71 35.71 35.71
(1)44,421 37,836 38,075 38,401 39,032 39,311 39,977 40,677 41,204 42,098
(5)$90,124 $104,410 $104,045 $111,077 $109,365 $97,526 $99,157 $104,749 $107,447 $117,802
(1)23,489 23,528 23,528 23,612 23,871 24,150 24,432 24,544 24,643 24,764
(1) 2.87 2.55 2.56 2.58 2.59 2.60 2.62 2.64 2.63 2.68
(4) $31,457 $40,961 $40,722 $43,053 $42,226 $37,510 $37,486 $39,288 $39,999 $42,931
(2) 14,600 16,217 16,350 16,658 16,983 17,483 18,033 18,617 18,917 19,142
(2) 13,500 14,783 15,042 15,517 16,000 16,675 17,175 17,533 18,000 18,308
(2) 7.53% 8.84% 8.00% 6.85% 5.79% 4.62% 4.76% 5.82% 4.85% 4.36%
(4) 42.2 41.5 42.8 43.6 44.8 45.1 45.3 45.7 46 46.4Median age(3)
Calendar Year
Mean Household Income (in dollars)(4)
Number of Dwelling Units(1)
Persons per Household(1)
Labor Force(2)
Per Capita Income(3)
Employment(2)
City Land (Sq Miles)
Population(1)(3)
Unemployment Rate
Sources:
(1) State of California Department of Finance; State of California, Department of Finance, E-1 and E-5 Population and Housing Estimates for Cities, Counties and
the State — January 1, 2017- 2018. Sacramento, California, released May 2018.
(2) State of California Employment Development Department Website. Previous data updated in 2018/19 to utilize 12-month average and final numbers .
(3) HDL, Coren & Cone
(4) Previously, calculated using "Persons per Household" mulitplied by "Per Capita Income". Starting in 2017, data is from the US Census Bureau American Fact Finder
23,489
23,528
23,528
23,612
23,871
24,150
24,432
24,544
24,643
24,764
17,000
19,500
22,000
24,500
27,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Number of Dwelling Units
0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00%
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Unemployment Rate
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Mean Household Income
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
$50,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Per Capita Income and Unemployment
Per Capita Income Unemployment Rate
161 329
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CITY OF LA QUINTA TABLE 20
Principal Employers
Current Year and Ten Years Ago
Activity
Number of
Employees
Percent of
Total
Employment Rank
Number of
Employees
Percent of
Total
Employment
Government 1 2,852 14.90%3 764 5.66%
Hotel & Golf Resort 2 1,412 7.38%1 1,500 11.11%
Retailer 3 300 1.57%4 350 2.59%
Retailer 4 290 1.51%- 0.00%
Retailer 5 212 1.11%5 210 1.56%
Retailer 6 180 0.94%- 0.00%
Retailer 7 150 0.78%7 150 1.11%
Utility Company 8 134 0.70%- 0.00%
Fast Food Restaurant 9 84 0.44%- 0.00%
Grocery Store 10 83 0.43%- 0.00%
Golf Resort 11 77 0.40%- 0.00%
Golf Resort 12 71 0.37%10 101 0.75%
PGA West Golf Resort 2 1,200 8.89%
Hideaway Golf Resort 6 150 1.11%
ND LA Quinta Partners LLC Real estate Development 8 150 1.11%
Stater Brothers Grocery Store 9 130 0.96%
0.00%
Total employment listed 5,845 30.53%4,705 34.85%
Total City Employment - July 1 19,142 13,500
Traditions Golf Club
Home Depot
Costco
Lowe's Home Improvement
Target
Vons
In N Out
Imperial Irrigation District
Rancho La Quinta
Desert Sands Unified School District
Wal-Mart Super Center
La Quinta Resort & Club/ PGA West (1)
Fiscal Year 2009-10
Employer
Fiscal Year 2018-19
Notes:
(1) La Quinta Resort & Club and PGA West are accounted for as one entity; as such, their employment numbers are reported together as of FY
2015-16.
Source: City of La Quinta
162 330
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CITY OF LA QUINTA TABLE 21
Full-time City Employees
by Function
Last Ten Fiscal Years
2010 2011 2012 2013 2014 (1) 2015 2016 (2) 2017 2018 2019
13.00 14.00 12.00 11.00 8.00 7.00 4.00 4.00 5.00 7.00
6.00 6.00 5.00 5.00 4.00 4.00 3.00 3.00 5.00 5.00
9.00 9.00 8.00 8.00 7.00 8.00 7.00 7.00 8.00 8.00
10.75 10.75 10.75 10.75 12.00 11.65 - - - -
25.00 24.00 21.00 21.00 - - - - - -
10.00 9.00 8.00 9.00 - - - - - -
- - - - 19.00 20.00 - - - -
27.25 26.25 24.25 23.25 20.00 21.35 - - - -
- - - - - - 18.00 18.00 18.00 18.00
- - - - - - 27.00 27.00 29.00 32.00
- - - - - - 19.00 19.00 19.00 19.00
Total 101.00 99.00 89.00 88.00 70.00 72.00 78.00 78.00 84.00 89.00
Facilities (5)
Finance
Community Services
Design and Development (4)
Community Resources (3)
Planning and Development
Community Development
Public Works
Administration-City Mgr. Office
City Clerk
Function
Building and Safety
Fiscal Year
Notes:
The City of La Quinta contracts with the County of Riverside for Police Services and with the California Department of Forestry through a contract with the County of Riverside for
Fire Services. In addition the City-owned Golf Course is operated by Landmark Golf. These positions have not been included as these positions are not City employees.
(1) The City merged the Building and Safety Department with the Planning and Development Department in 2014. The resultant department was referred to as Community
Development until 2016, see below.
(2) During FY 2015-'16 the City was subject to a major reorganization in an attempt to improve efficiency and controls that effectively terminated the Community Services,
Community Development, and Public Works departments. Following is a brief description of the reorganization for each department :
(3)The Community Resources department has taken over specific roles of the prior Community Development and Community Services departments including, but not
limited to human resources, police, fire,library, museum, recreation, marketing, code compliance, animal control, and emergency services.
(4)The Design and Development department has taken over specific roles of the prior Community Development, Public Works, and Finance departments including, but not
limited to customer service, business and animal licensing, planning, building, engineering services, and development services.
(5)The Facilities department has taken over specific roles of the prior Community Services and Public Works departments including, but not limited to , parks, streets,
buildings, lighting and landscaping.
Source:City of La Quinta
-
10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00
90.00
100.00
110.00
2010 2011 2012 2013 2014 (1) 2015 2016 (2) 2017 2018 2019
101.00 99.00
89.00 88.00
70.00 72.00
78.00 78.00
84.00
89.00
Total Full-Time City Employees
163 331
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CITY OF LA QUINTA TABLE 22
Operating Indicators
by Function
Last Ten Fiscal Years
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Finance:
Number of Animal Licenses Processed (1)1,768 1,619 1,674 1,505 1,602 1,374 - - - -
Number of Accounts Payable Checks Processed 4,393 4,530 3,766 3,576 3,696 3,833 4,153 3,835 3,621 4,286
Number of investment purchases 32 20 27 30 22 21 22 20 61 56
Par value of investments 267,213,000$ 189,810,285$ 188,782,874$ 164,614,769$ 136,323,300$ 128,990,447$ 137,594,669$ 139,613,063$ 150,117,079$ 163,665,838$
Number of cleared checks 4,984 4,912 5,103 3,899 3,922 4,004 4,167 3,932 3,813 3,875
Number of outgoing bank wires 75 87 63 58 58 54 41 44 64 68
City Clerk:
Contracts Processed - - 319 346 289 238 282 199 243 266
Documents Notarized - - 254 301 334 203 157 99 128 74
Documents Recorded with County - - 170 125 183 106 112 56 67 45
Subpoenas and Claims Processed - - 22 15 21 37 10 8 12 18
Records Requests Fulfilled and Recorded - - 518 558 601 580 518 743 572 602
Documents Scanned to Electronic Archives (1)- - 30,437 28,798 34,671 164,847 233,182 214,384 593,991 970,894
Public Works:
Encroachment permits issued 78 104 65 124 109 127 54 123 121 140
Request for services (1)1306 746 534 740 1,322 1,261 3,440 3,207 2,652 2,194
Community Development:
Number of Active Business Licenses (1)3,428 3,183 3,310 3,520 3,998 4,452 3,368 3,681 3,707 3,806
Permits:
Single family Detached 56 85 39 83 147 176 108 92 142 122
Single family Attached 12 - 11 - - 4 7 7 6 14
Residential Pool 152 148 127 162 204 255 217 170 211 243
Wall/Fence 178 218 149 167 220 328 257 209 268 223
Other 790 1,033 916 1,042 1,158 1,316 1,230 1,258 1,571 1,655
Garage Sale Permits (1)1,663 1,805 1,430 1,404 1,255 1,290 1,109 1,024 928 959
Total Permits 2,851 3,289 2,672 2,858 2,984 3,369 2,928 2,760 3,126 3,216
Code Compliance (1):
Animal Control Incidents Handled (1)3,984 4,392 4,246 3,206 1,645 1,085 - - - -
Vehicle abatements 214 263 139 99 88 85 255 212 224 184
Weed abatements 125 143 106 1,404 43 45 57 114 128 80
Nuisance abatements/Property Maintenance 2,340 2,252 2,433 1,668 730 557 1,037 1,180 1,122 921
All Other (2)- - - - - - 1,432 806 888 1,211
Community Services:
Library activities:
Number of Visits 89,060 92,484 109,000 63,955 71,874 73,924 182,913 190,747 152,725 132,947
Books checked out 259,711 263,064 275,838 220,690 329,154 263,047 234,340 254,323 250,636 241,450
Cards Issued 3,547 3,822 4,477 2,966 2,035 2,418 2,179 2,248 2,276 2,251
Number of School Children Visiting 772 1,881 962 737 1,539 1,562 2,947 4,680 4,528 3,303
Volunteer Hours 2,723 4,280 2,720 2,226 1,340 1,917 2,169 2,248 2,314 2,138
Senior Center/Wellness Center (1) :
Number of visits 20,326 18,403 16,642 9,350 11,500 23,871 62,820 74,141 87,294 82,477
Volunteer Hours 3,131 3,099 2,690 2,233 2,745 1,279 1,585 1,420 1,333 1,148
Recreation activities:
Participants:
Leisure Classes 1,437 1,512 2,016 1,475 1,177 1,322 2,241 2,278 2,168 2,039
Special events 8,795 8,933 36,305 5,970 5,927 6,460 8,185 7,783 10,449 12,650
Adult Sports 13,364 13,092 5,647 3,865 5,878 5,487 7,192 6,695 6,136 5,932
Golf course:
Golf rounds played 43,779 45,269 46,949 46,352 43,610 41,904 45,104 43,085 42,590 44,949
Average Green fee 71.59$ 70.70$ 70.40$ 67.44$ 66.83$ 69.65$ 66.87$ 66.80$ 71.88$ 72.02$
Planning and Development:
Number of residential units approved 255 208 285 228 494 208 40 120 0 114
Commercial square footage approved 6,200 27,526 61,662 - 113,149 79,092 13,000 391,914 7,599 102,552
Fiscal Year
Notes:(1) Data on this table may vary from year to year due to restructuring, personnel, and systems changes that have taken place at the city over the past five years.
Examples include animal licensing and control contracted to County of Riverside May 2015, business licenses and garage sale permits transferred to Community
Development Department, tracking system for active business licenses updated, vacation rental requirements for permits changed, Codes Department began using
GoEnforce tracking software, Public Works Department expanded use of GoRequest system, City Clerk's office began project to archive all old documents and plans
electronically, and the Senior Center became the Wellness Center in 2015.
(2)"All Other" category includes building codes, business license, commercial, hazardous conditions, health/safety, other, parking, vacation rentals, and zoning. For 2016,
data was annualized using the seven months of actual "total closed incidents" provided by GoEnforce.
Source:City of La Quinta
164 332
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CITY OF LA QUINTA TABLE 23
Capital Asset Statistics
by Function
Last Ten Fiscal Years
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Public Works:
127 127 128 128 128 128 128 128 128 128
22 22 22 22 22 34 34 36 35.5 35.5
265 265 269 269 277 277 281 372 372 372
50 50 51 52 54 54 54 54 54 54
2,909 2,919 2,934 2,984 3,018 3,018 3,018 5,758 5,758 5,408
12 12 12 12 13 13 13 13 13 13
Parks and Recreation:
Parks 13 13 13 13 13 13 13 13 13 13
218 218 218 218 218 218 218 218 218 218
40 40 40 40 40 40 40 40 40 40
17.5
1 1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1 1
Public Safety:
Fire Stations 3 3 3 3 3 3 3 3 3 3
Golf Course:
1 1 1 1 1 1 1 1 1 1
Fiscal Year
Bikepaths (miles) (1)
Streets (miles)
Senior/Wellness Center
Museum
Library
Municipal golf courses
Undeveloped Park Acreage
Park Acreage
Traffic signals
Traffic signs
Bridges
Streetlights (2)
Hiking Trails (miles)
Notes:
(1) Bike path miles were updated to include both Class I and Class II bicycle paths in 2015.
(2)In fiscal year ending 2009 street lights at intersections were included for the first time. Additionally, the decorative streetlights
in Old Town were added for the first time in 2017.
Source:City of La Quinta
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CITY OF LA QUINTA TABLE 24
Schedule of Insurance in Force
30-Jun-19
Company Name Policy Number Coverage Limits Term Premium
Hartford 72FA0267254-18 Employee Dishonesty,$1 Million 12/03/18 - 12/03/19 $3,660
Forgery, Computer Fraud
Hartford 72FA0267254-17 Employee Dishonesty,$1 Million 12/03/17 - 12/03/18 $3,366
Forgery, Computer Fraud
CJPIA-Alliant B128410009W19 All Risk Property Insurance $25 Million 07/01/19 - 07/01/20 $101,868
Including Auto Physical Damage,Single Limit per Occurrence
Terrorism, Boiler & Machinery subject to other sublimits
(Excluding Earthquake)
CJPIA-Alliant B128410009W18 All Risk Property Insurance $25 Million 07/01/18 - 07/01/19 $84,997
Including Auto Physical Damage, Single Limit per Occurrence
Terrorism, Boiler & Machinery subject to other sublimits
(Excluding Earthquake)
Lloyds W14D19190601 Earthquake $10 Million 02/07/19 to 02/07/20 $101,652
Real & Personal Property
Including Contingent Tax Interruption
Lloyds W14D19170401 Earthquake $10 Million 02/07/18 to 02/07/19 $98,700
Real & Personal Property
Including Contingent Tax Interruption
California Self-Insured Comprehensive General $50 Million 07/01/19 - 07/01/20 $377,929
Joint Powers Pool Liability Single Limit per Occurrence
Insurance Authority
California Self-Insured Comprehensive General $50 Million 07/01/18 - 07/01/19 $431,167
Joint Powers Pool Liability Single Limit per Occurrence
Insurance Authority
California Self-Insured Worker's Compensation $10 Million 07/01/19 - 07/01/20 $211,083
Joint Powers Pool per occurrence
Insurance Authority
California Self-Insured Worker's Compensation $10 Million 07/01/18 - 07/01/19 $123,562
Joint Powers Pool
Insurance Authority
Source:City of La Quinta
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City of La Quinta
CITY COUNCIL MEETING: February 18, 2020
STAFF REPORT
AGENDA TITLE: INTRODUCE AN ORDINANCE AT FIRST READING TO AMEND
SECTIONS OF CHAPTER 2.04 – COUNCIL AND CHAPTER 2.08 – CITY MANAGER
OF THE LA QUINTA MUNICIPAL CODE RELATED TO APPEALS
BUSINESS SESSION ITEM NO. 3
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RECOMMENDATION
A. Move to take up Ordinance No. ___ by title and number only and waive
further reading.
B. Move to introduce at first reading Ordinance No. ___ amending sections of
Chapter 2.04 Council and Chapter 2.08 City Manager related to Appeals.
EXECUTIVE SUMMARY
Staff seeks to standardize the filing and noticing of appeals to the City Council
and City Manager as prescribed by the La Quinta Municipal Code (Code).
The proposed language amendments to Chapters 2.04-Council and 2.08-City
Manager ensure consistency in the process.
FISCAL IMPACT – None.
BACKGROUND/ANALYSIS
Updates to the Code are necessary from time to time to align the Code with current
best practices, eliminate redundancies, ensure consistencies, consolidate
provisions, remove unnecessary detail, provide for flexibility, and update terms.
Staff proposes amending the filing and noticing of appeals sections under Chapters
2.04-Council and 2.08-City Manager to ensure the process is consistent throughout
the Code and eliminate confusion.
The enclosed ordinance and exhibit show the amendments in tracked-changes
format.
ALTERNATIVES
Council may direct Staff to make additional/different amendments to these
chapters of the Code.
Prepared by:
Approved by:
Monika Radeva, City Clerk
Jon McMillen, City Manager
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ORDINANCE NO. XXX
AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF LA QUINTA, CALIFORNIA, AMENDING
SEVERAL SECTIONS OF CHAPTER 2.04 COUNCIL
AND CHAPTER 2.08 CITY MANAGER OF THE LA
QUINTA MUNICIPAL CODE RELATED TO
APPEALS
WHEREAS, Municipal Code additions, deletions, amendments have
occurred since the City’s incorporation in 1982; and
WHEREAS, this amendment seeks to standardize the filing process and
noticing of appeals to the City Council and City Manager throughout the
Municipal Code and revises several sections of Chapter 2.04 Council and
Chapter 2.08 City Manager.
NOW, THEREFORE, the City Council of the City of La Quinta does ordain
as follows:
SECTION 1. Several sections in Chapter 2.04 Council and Chapter 2.08
City Manager shall be amended as written in “Exhibit A” attached hereto, and
incorporated by this reference.
SECTION 2. EFFECTIVE DATE: This Ordinance shall be in full force and
effect thirty (30) days after its adoption.
SECTION 3. SEVERABILITY: The City Council declares that, should any
provision, section, paragraph, sentence or word of this ordinance be rendered
or declared invalid by any final court action in a court of competent jurisdiction
or by reason of any preemptive legislation, the remaining provision, sections,
paragraphs, sentences or words of this ordinance as hereby adopted shall
remain in full force and effect.
SECTION 4. POSTING: The City Clerk shall, within 15 days after passage
of this Ordinance, cause it to be posted in at least three public places
designated by resolution of the City Council, shall certify to the adoption and
posting of this Ordinance, and shall cause this Ordinance and its certification,
together with proof of posting to be entered into the permanent record of
Ordinances of the City of La Quinta.
PASSED, APPROVED and ADOPTED, at a regular meeting of the La
Quinta City Council held this (enter date) day of (enter month), (enter year),
by the following vote:
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Ordinance No. XXX
Amending Sections of Chapters 2.04 and 2.08 related to Appeals
Adopted: (month, day, and year)
Page 2 of 3
AYES:
NOES:
ABSENT:
ABSTAIN:
_______________________
LINDA EVANS, Mayor
City of La Quinta, California
ATTEST:
_______________________________
MONIKA RADEVA, City Clerk
City of La Quinta, California
(CITY SEAL)
APPROVED AS TO FORM:
__________________________________
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
*Ordinances are adopted on second reading.
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Chapter 2.04 COUNCIL
2.04.010 Time of regular meetings.
The regular meetings of the city council shall be held on the first and third Tuesday of each month at an
hour to be established by resolution of the city council. (Ord. 163 § 1, 1990; Ord. 21 § 1, 1982; Ord. 4 §
1, 1982; Ord. 2 § 1, 1982)
2.04.020 Place of regular meetings.
The regular meetings of the city council shall be held at the City Hall, 78-495 Calle Tampico, La Quinta,
California. (Ord. 524 § 4, 2015; Ord. 232 § 1, 1993; Ord. 21 § 1, 1982; Ord. 4 § 1, 1982; Ord. 2 § 1,
1982)
2.04.030 Improper conduct at meeting.
Any member or other person using profane, vulgar, loud or boisterous language at any meeting or
otherwise interrupting the proceedings, who refuses to be seated or kept quiet when ordered to do so by
the mayor or other presiding officer of the council, is guilty of a misdemeanor. (Ord. 2 § 1, 1982)
2.04.040 Adoption of rules of procedure.
The city council shall, by resolution, adopt rules of procedure to govern the conduct of its meetings, any
of its other functions and activities, and regulations pertaining thereto. (Ord. 524 § 4, 2015; Ord. 2 § 1,
1982)
2.04.050 Compensation and reimbursement.
Compensation shall be paid to each member of the city council in the amount of two thousand three
hundred dollars per month. The mayor shall receive additional compensation in the amount of five
hundred dollars per month. Further, in the event a council member or the mayor wishes to utilize personal
electronic devices or personal data service for city-related business communication rather than city-issued
devices and/or service, an additional reimbursement pursuant to the city’s adopted personnel policy shall
be added to the monthly reimbursement amounts set forth herein. In the event that official duties require
travel outside the Coachella Valley or overnight, the costs shall be reimbursed according to the city’s
adopted policy for such expenditures. The compensation amount will be effective from July 1, 2015.
(Ord. 524 § 4, 2015; Ord. 442 § 1, 2007; Ord. 430 § 1, 2006; Ord. 419 § 1, 2005; Ord. 386 § 1, 2003;
Ord. 335 § 2, 2000; Ord. 322 § 2, 1998; Ord. 231 § 1, 1993; Ord. 100 § 1, 1986; Ord. 83 § 1, 1985; Ord.
36 § 1, 1983; Ord. 11 § 1, 1982; Ord. 2 § 1, 1982)
2.04.060 Commission appointments.
Unless otherwise specifically provided in this code or by state law, all city board and commission
appointments, except for ex officio members where applicable, shall be made by the city council. (Ord. 2
§ 1, 1982)
2.04.100 Appeals to council.
A. Except when an appeals procedure is otherwise specifically set forth in this code, any person
excepting to the denial, suspension, or revocation of a permit or license applied for or held by him or
her pursuant to any of the provisions of this code, or to anyaggrieved by an administrative decision
made by any city official of the city, if the denial, suspension, or revocation of the permit or license,
or the determination of the administrative decision involves the exercise of administrative discretion
or personal judgment exercised pursuant to any of the provisions of this code, may appeal in writing
ORDINANCE NO.
EXHIBIT A
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to the council by filing with the city clerk a written notice of the appeal. Notwithstanding any other
provision in this code to the contrary, the appellant must file the notice of appeal with the city clerk
in addition to any other department or designated city officer identified in this code.
B. No appeal may be taken to any such administrative decision made by a cityn official of the city
pursuant to any of the provisions of this chapter unless the decision to appeal has been first taken up
with the permit administrator and with the city manager, and each such official has not adjusted the
matter to the appellant’s satisfaction.
C. No right of appeal to the council from any administrative decision made by an city official of
the city pursuant to any of the provisions of this code shall exist when the decision is ministerial and
thus does not involve the exercise of administrative discretion or personal judgment exercised
pursuant to any of the provisions of this code, whether the administrative decision involves the
denial, suspension, or revocation of a permit, license, or any other administrative decision. Also,
there shall be no such right of appeal with regard to law enforcement activities involving state law.
D. In the event no appeal is made within the time period or in the manner prescribed in this code,
the decision of the city official shall become final and conclusive on the expiration of the time fixed
for an appeal. (Ord. 524 § 4, 2015; Ord. 2 § 1, 1982)
2.04.110 Notice of appeal—Time limit—Contents—Fee.
A. Any such notice of appeal shall not be acted upon unless filed within ten calendar days after
service of written notice of the action being appealed; provided, that if the notice of action has not
been served in writing, the appellant may, within ten calendar days after being apprised of the
action, demand service of written notice thereof, and shall have ten calendar days following such
service in which to file the notice of appeal. If the tenth calendar day is a nonworking day for the
city, the appeal period shall be extended to include the next city working day. No appeal shall be
accepted after the appeal period has expired.
B. The notice of appeal shall be in writing and shall set forth: (1) name(s) of the person(s) filing the
appeal (“appellants”); (2) the specific action being appealed; (3) the specific grounds of the appeal;
(4) the relief or action sought from the city council; and (5) the signatures of all parties named as
appellants and their mailing addresses. The notice of appeal may also include any additional
information or documentation the appellant(s) wish to provide on the matter. The notice of appeal,
or certain information contained in the notice of appeal, may be subject to public disclosure.
C. A filing fee for the appeal, established from time to time by city council resolution, must be paid
to the city at or prior to the time of the filing of the appeal.
D. Except in those instances where an appeal is filed by the city manager or other public official in
pursuance of official duties, the written notice of appeal from the action of an administrative official
or from an administrative body of the city, as the case may be, shall be accompanied by such fee as
may have been established by resolution of the city council. An appellant may request a waiver of a
filing fee, which shall be reviewed and decided upon, based on the provisions set forth in Section
2.04.115 of this code.
ED. Any appeal filed that fails to provide all of the information required by this section, or fails to
include the appropriate filing fee, or both, shall be deemed incomplete. The city clerk shall return
the incomplete appeal to the appellant with a brief statement explaining the reasons for the
deficiency, and the appellant shall thereafter be allowed five calendar days in which to perfect and
refile the notice of appeal. If the fifth calendar day is a nonworking day for the city, the appeal
period shall be extended to include the next city working day; no appeal shall be accepted after this
period has expired. (Ord. 524 § 4, 2015; Ord. 2 § 1, 1982)
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2.04.115 Waiver of appeal fees.
A. The city manager may waive the fee required for filing an appeal as set forth in Section 2.04.110
of this chapter or in any other applicable city code section if the appellant meets the requirements of
this section.
B. The party seeking the fee waiver must be the real, and not nominal, party in interest, and shall
not be granted a waiver if there are any interested parties financially capable of paying the fee.
C. Subject to the limitations of subsection B of this section, waiver of the fee shall be granted by
the city manager if the applicant declares under penalty of perjury and the city clerk determines that
the applicant is receiving benefits pursuant to the Supplemental Security Income (SSI) and State
Supplemental Payments (SSP) programs (Sections 12200 through 12205.2 of the California Welfare
and Institutions Code), or the Aid to Families with Dependent Children (AFDC) program (42 United
States Code 601 through 644), or the Food Stamp program (7 United States Code 2011 through
2027) or Section 17000 of the California Welfare and Institutions Code or the appellant declares
under penalty of perjury that their monthly income is less than the current monthly poverty threshold
annually established by the U.S. Community Services Administration pursuant to Section 625 of the
U.S. Economic Opportunity Act of 1964, as amended. In order to be considered for the fee waiver,
appellant must obtain from the city manager and fully complete and submit an application for
waiver of city appeal fees. The city manager may require the appellant to furnish such financial
information as the city manager deems necessary to deem the application complete in order to make
a decision. The decision of the city manager on the fees waiver shall be final and conclusive and
there shall be no appeal to a city body or official from such decision.
D. An appellant desiring waiver of an appeal fee shall submit a fully completed application for
waiver of city appeal fees at the same time as the appeal is filed. Said appellant shall furnish within
two working days of the city manager’s request, any additional information requested by the city
manager to substantiate the waiver request. If the information requested is not furnished within two
working days, the city manager may deny the fee waiver request. After an appellant requests waiver
of the appeal fee, the applicable dates or time periods for hearing the appeal shall be tolled until the
city manager decides the fee waiver request.
E. Any person who willfully provides the city manager with false statements of material facts is
guilty of a misdemeanor and upon conviction thereof is punishable by a fine of not more than one
thousand dollars or by imprisonment for a period of not more than six months, or by both such fine
and imprisonment. (Ord. 524 § 4, 2015; Ord. 412 §§ 1, 2, 2005)
2.04.120 Appeals—Hearings—Notices.
Upon the timely filing of a complete notice of appeal in proper form, along with the filing fee, if
applicable, the appeal shall be reviewed by the city manager. Unless an adjustment of the matter is made
by the city manager satisfactory to the appellant, the city clerk shall schedule the matter promptly upon
the city council agenda at a subsequent regular meeting and shall cause notice thereof to be given the
appellant not less than five calendar days prior to the hearing, unless the notice is waived in writing by the
appellant. Notice shall be served in accordance with Section 1.01.300 of this code. The city clerk shall
also cause a copy of the notice of appeal to be transmitted to the official or body whose action has been
appealed. (Ord. 524 § 4, 2015; Ord. 2 § 1, 1982)
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2.04.130 Appeals—Hearings.
A. The city council at the hearing may limit participation in the hearing to the directly interested
parties, or may allow participation by the public. Such public participation, however, shall only be
appropriate when the council deems it necessary and in the public interest. If a hearing is ordered
open to public participation, notice thereof shall be given by posting notice of the hearing in
accordance with city council rules of procedure for council meetings, in accordance with state law
for notice of a public hearing, if applicable, and by such other means as the city council deems
necessary.
B. At the time of consideration of the appeal by the city council the appellant shall be limited to a
presentation on the specific grounds of appeal and matters set forth in the notice of appeal. The
appellant shall have the burden of establishing cause why the action being appealed should be
altered, reversed or modified. The council may continue the matter from time to time, and at the
conclusion of its consideration may affirm, reverse or modify the action being appealed and may
take any action which might have been legally taken in the first instance by the official or body from
whose action the appeal has been taken. In ruling on the appeal the findings and action of the
council shall be final and conclusive in the matter. (Ord. 524 § 4, 2015; Ord. 2 § 1, 1982)
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Chapter 2.08 CITY MANAGER
2.08.010 Office created—Term.
The office of the city manager is created and established. The city manager shall be appointed by the city
council wholly on the basis of administrative and executive ability and qualifications. The city manager
shall hold office for and during the pleasure of the city council. (Ord. 2 § 1, 1982)
2.08.020 Eligibility.
No member of the city council shall be eligible for appointment as city manager until one year has
elapsed after the council member has ceased to be a member of the city council. (Ord. 2 § 1, 1982)
2.08.030 Compensation.
The city manager shall receive such compensation and expense allowances as the city council shall from
time to time determine, and such compensation shall be a proper charge against such funds of the city as
the council shall designate. (Ord. 2 § 1, 1982)
2.08.040 Expense reimbursement.
The city manager shall be reimbursed for all actual and necessary expenses incurred by him or her in the
performance of official duties, including those incurred when traveling on business pertaining to the city.
(Ord. 524 § 5, 2015; Ord. 2 § 1, 1982)
2.08.050 Designation of acting city manager.
The city manager, by a letter filed with the city clerk, shall designate a qualified city administrative
officer to exercise the powers and perform the duties of manager during his or her temporary absence or
disability. The city council may appoint, at any time, an acting city manager. If the city manager position
is vacant or the city manager is removed from office in accordance with the provisions in this chapter, the
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city council shall appoint an acting or interim city manager to serve as such until the city council appoints
a permanent city manager. (Ord. 524 § 5, 2015; Ord. 2 § 1, 1982)
2.08.060 Powers and duties.
The city manager shall be the administrative head of the government of the city under the direction and
control of the city council except as otherwise provided in this chapter. The city manager shall be
responsible for the efficient administration of all affairs of the city which are under his or her control. In
addition to his or her general powers as administrative head, and not as a limitation thereon, he or she
shall be expected to, and shall have the power to:
A. Enforce all laws and ordinances of the city and to see that all franchises, contracts, permits and
privileges granted by the city council are faithfully observed;
B. Appoint, remove, promote and demote any and all officers and employees of the city except
elective officers and the city attorney, subject to all applicable personnel rules and regulations which
may be adopted by the city council, or imposed by the state or federal governments;
C. Control, order and give directions to all department heads who are subject to his or her
appointment and removal authority, and to subordinate officers and employees of the city under his
or her jurisdiction through their department heads;
D. Conduct studies and effect such organization and reorganization of offices, positions or units
under his or her direction as may be indicated in the interest of efficient, effective and economical
conduct of the city’s business;
E. Recommend to the city council for adoption such measures and ordinances as he or she deems
necessary;
F. Attend all meetings of the city council unless excused therefrom by the mayor individually or
the city council as a whole, except when his or her removal is under consideration;
G. Prepare and submit the proposed annual budget and the proposed annual salary plan to the city
council for its approval;
H. To serve as purchasing agent, collector, tax administrator, and fee administrator as defined by
this code, or appoint an officer or employee to serve in one or more of these capacities, and
thereafter direct and supervise such activities of the city;
I. Keep the city council at all times fully advised as to the financial condition and needs of the city;
J. Make investigations into the affairs of the city and any department or division thereof and any
contract or the proper performance of any of the obligations of the city, and further, to investigate all
complaints in relation to matters concerning the administration of the city government and in regard
to the service maintained by public utilities in the city;
K. Exercise general supervision over all public buildings, public parks and all other public
properties which are under the control and jurisdiction of the city council;
L. Have the same authority as the mayor (as conveniences to the parties may dictate) to sign
documents specified in Section 40602 of the Government Code whenever such documents have
been approved by the city council for execution by resolution, motion, minute order or other
appropriate action; and
M. Perform such other responsibilities and exercise such other powers as may be delegated to him
or her from time to time by ordinance or resolution or other official action of the city council. (Ord.
524 § 5, 2015; Ord. 334 § 1, 1999; Ord. 196 § 1, 1991; Ord. 2 § 1, 1982)
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2.08.070 Relations with council.
The city council and its members shall deal with the administrative services of the city only through the
city manager, except for the purpose of inquiry, and neither the city council nor any member thereof shall
give orders to any subordinates of the city manager. For purposes of this section, inquiry means any and
all communications short of giving orders, directions or instructions to any member of the administrative
staff. Such members shall give all information reasonably requested by any councilmember. The city
manager shall take his or her orders and instructions from the city council only when sitting in a duly
convened meeting of the city council and no individual councilmember shall give any orders or
instructions to the city manager. The city council shall instruct the city manager in matters of policy. Any
action, determination or omission of the city manager shall be subject to review by the city council. The
city council may not overrule, change or modify any such action, determination or omission except by the
affirmative vote of at least three members of the city council. (Ord. 524 § 5, 2015; Ord. 2 § 1, 1982)
2.08.080 Departmental cooperation.
It shall be the duty of all subordinate officers and the city attorney and city clerk to assist the city manager
in administering the affairs of the city efficiently, economically and harmoniously. (Ord. 334 § 2, 1999;
Ord. 2 § 1, 1982)
2.08.090 Attendance at commission meetings.
The city manager may attend any and all meetings of the planning commission, and any other
commission, board or committee created by the city council, upon his or her own volition or upon
direction of the city council. At such meetings which the city manager attends, he or she shall be heard by
such commissions, boards or committees as to all matters upon which he or she wishes to address the
members thereof. He or she shall inform such members as to the status of any matter being considered by
the city council, and he or she shall cooperate to the fullest extent with members of all commissions,
boards or committees appointed by the city council. (Ord. 524 § 5, 2015; Ord. 2 § 1, 1982)
2.08.100 Removal—Method—Notice.
The removal of the city manager shall be effected only by a majority vote of the whole council as then
constituted, convened in a regular council meeting, subject, however, to the provisions of Sections
2.08.110 through 2.08.160. In case of his or her removal by the city council, the city manager shall be
furnished with a written notice stating the council’s intention to remove him or her and the reason therefor
at least thirty days before the effective date of his or her removal. (Ord. 524 § 5, 2015; Ord. 2 § 1, 1982)
2.08.110 Removal—Hearing.
Within seven days after the delivery to the city manager of the notice required in Section 2.08.100, he or
she may, by written notification to the city clerk, request a hearing before the city council. Thereafter, the
city council shall fix a time for the hearing which shall be held at its usual meeting place, but before the
expiration of the thirty-day period, at which the city manager shall appear and be heard, with or without
counsel. (Ord. 524 § 5, 2015; Ord. 2 § 1, 1982)
2.08.120 Removal—Suspension pending hearing.
After furnishing the city manager with written notice of intended removal, the city council may suspend
him or her from duty, but his or her compensation shall continue until the latter of: (a) the effective date
of his or her removal as stated in the written notice of intention to remove him or her, or (b) his or her
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removal by resolution of the council passed subsequent to the hearing described in Section 2.08.110.
(Ord. 524 § 5, 2015; Ord. 2 § 1, 1982)
2.08.130 Removal—Council discretion.
In removing the city manager, except as provided in Section 2.08.150, the city council shall use its
uncontrolled discretion and its action shall be final and shall not depend upon any particular showing or
degree of proof at the hearing, the purpose of which is to allow the city manager to present to the city
council his or her grounds of opposition to his or her removal prior to its action. (Ord. 524 § 5, 2015; Ord.
2 § 1, 1982)
2.08.140 Removal—Limitation.
Notwithstanding the provisions of Sections 2.08.100 through 2.08.130, the city manager shall not be
removed from office, other than for misconduct in office, during or within a period of ninety days next
succeeding any general municipal election held in the city at which election a member of the city council
is elected. The purpose of this provision is to allow any newly-elected member of the city council or a
reorganized city council to observe the actions and ability of the city manager in the performance of the
powers and duties of his or her office. After the expiration of the ninety-day period aforementioned, the
provisions of Sections 2.08.100 through 2.08.130 as to the removal of the city manager shall apply and be
effective. (Ord. 524 § 5, 2015; Ord. 2 § 1, 1982)
2.08.150 Willful misconduct—Determination.
In the event the intended removal of the city manager is for willful misconduct in office, written notice to
the city manager as provided in Section 2.08.100 shall state that the reason for removal is willful
misconduct in office and shall state specific facts which constitute such willful misconduct. The
procedure for hearing and for suspension pending hearing shall be followed as stated in Sections 2.08.100
through 2.08.140. A determination of willful misconduct in office shall be evidenced by specific findings
of facts constituting such willful misconduct. The determination of what constitutes willful misconduct
shall be within the sole discretion of the city council; provided, that it shall relate to the welfare of the
city. (Ord. 524 § 5, 2015; Ord. 2 § 1, 1982)
2.08.160 Willful misconduct—Defined.
Willful misconduct includes conduct directly related to conduct in office and/or directly related to the
duties of the office. It includes the refusal to follow the lawful directions of the city council. It also
includes conduct not directly related to the performance of official duties of the office when such conduct
has a direct and harmful effect on the welfare of the city. Evidence of such direct and harmful effect
includes, but is not limited to, conviction of a felony. (Ord. 524 § 5, 2015; Ord. 2 § 1, 1982)
2.08.170 Agreement with council.
Nothing in this chapter shall be construed as a limitation on the power or authority of the city council to
enter into agreement with the city manager delineating terms and conditions of employment. (Ord. 524 §
5, 2015; Ord. 2 § 1, 1982)
2.08.180 Appeals to the city manager.
A. Except when an appeals procedure is otherwise specifically set forth in this code, any person
excepting to the denial, suspension, or revocation of a permit or license applied for or held by him or
her pursuant to any of the provisions of this code, or aggrieved by an administrative decision made
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by any city official, if the denial, suspension, or revocation of the permit or license, or the
determination of the administrative decision involves the exercise of administrative discretion or
personal judgment exercised pursuant to any of the provisions of this code, may appeal in writing to
the city manager by filing with the city clerk a written notice of the appeal. Notwithstanding any
other provision in this code to the contrary, the appellant must file the notice of appeal with the city
clerk in addition to any other department or designated city officer identified in this code.
B. No appeal may be taken to any such administrative decision made by a city official pursuant to
any of the provisions of this chapter unless the decision to appeal has been first taken up with the
permit administrator, and each such official has not adjusted the matter to the appellant’s
satisfaction.
C. No right of appeal to the city manager from any administrative decision made by a city official
pursuant to any of the provisions of this code shall exist when the decision is ministerial and thus
does not involve the exercise of administrative discretion or personal judgment exercised pursuant to
any of the provisions of this code, whether the administrative decision involves the denial,
suspension, or revocation of a permit, license, or any other administrative decision. Also, there shall
be no such right of appeal with regard to law enforcement activities involving state law.
The city manager shall conduct a hearing when requested by any person aggrieved by an administrative
decision made by any city official before the matter may be appealed to council.
In the event no appeal is made within the time period or in the manner prescribed in this code, the
decision of the city official shall become final and conclusive on the expiration of the time fixed for an
appeal. (Ord. 524 § 5, 2015)
2.08.190 Notice of appeal—Time limit—Contents—Fee.
A. Within ten calendar days after the issuance of an administrative decision, an appellant may
request a hearing before the city manager to present evidence on his or her behalf. If the tenth
calendar day is a nonworking day for the city, the appeal period shall be extended to include the next
city working day; no appeal shall be accepted after this period has expired.
B. The notice of appeal shall be in writing and shall set forth: (1) name(s) of the person(s) filing the
appeal (“appellant(s)”); (2) the specific action being appealed; (3) the specific grounds of the appeal;
(4) the relief or action sought from the city manager; and (54) the signatures of all parties named as
appellants and their mailing address. The notice of appeal may also include any additional
information or documentation the appellant(s) wish to provide on the matter. The notice of appeal,
or certain information contained in the notice of appeal, may be subject to public disclosure.
C. Except in those instances where an appeal is filed by a public official in pursuance of official
duties, the written notice of appeal from the action of an administrative official shall be
accompanied by such fee as may have been established by resolution of the city council. An
applicant appellant may request a waiver of a filing fee, which shall be reviewed and decided upon,
based on the provisions set forth in Section 2.04.115 of this code.
D. Any appeal filed that fails to provide all of the information required by this section, or fails to
include the appropriate filing fee, or both, shall be deemed incomplete. The city clerk shall return
the incomplete appeal to the appellant with a brief statement the reasons for the deficiency, and the
appellant shall thereafter be allowed five calendar days in which to perfect and refile the notice of
appeal. If the fifth calendar day is a nonworking day for the city, the appeal period shall be extended
to include the next city working day; no appeal shall be accepted after this period has expired. (Ord.
524 § 5, 2015)
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2.08.200 Appeal initiated by the city manager.
At the discretion of the city manager, or as required in this code, the city manager may initiate and
conduct a hearing prior to the issuance of an administrative decision to afford an applicant an opportunity
to present evidence on the applicant’s behalf when an application denial, or existing permit suspension or
revocation is about to be issued. Notice shall be serviced as prescribed in Section 1.01.300 and the city
manager may include in the notice a requirement for the applicant to provide additional information or
documentation at the time of the hearing. (Ord. 524 § 5, 2015)
2.08.210 Appeals—Hearings—Notices.
Upon the timely filing of a notice of appeal in proper form, the city manager shall set the time and place
for such hearing and shall serve notice to the appellant pursuant to Section 1.01.300 as soon as practical
thereafter but in no event, shall the notice be served less than five calendar days prior to the date of the
hearing thereon. Where applicable, the notice shall state the grounds for the administrative decision at
issue. (Ord. 524 § 5, 2015)
2.08.220 Failure to appeal.
In the event no appeal is made within the time period or in the manner prescribed in this code, the
decision of the city manager shall become final and conclusive on the expiration of the time fixed for an
appeal. (Ord. 524 § 5, 2015)
2.08.230 Appeals to the city council.
Any person aggrieved by any decision of the city manager may appeal to the city council pursuant to
Sections 2.04.100 through 2.04.130 of this code. (Ord. 524 § 5, 2015)
View the mobile version.
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City of La Quinta
CITY COUNCIL MEETING: February 18, 2020
STAFF REPORT
AGENDA TITLE: DISCUSS LA QUINTA ART CELEBRATION TRAFFIC PLAN
RECOMMENDATION
Discuss the traffic plan for the La Quinta Art Celebration event.
EXECUTIVE SUMMARY
The inaugural La Quinta Art Celebration (LQAC) will take place March 5-
8, 2020 at the Civic Center Campus.
Scope events is producing LQAC and they have secured an experienced
traffic/valet company to execute the traffic plan.
Phase 1 of the Village Complete Streets project, which surrounds the Civic
Center Campus, is scheduled for completion on the week of February 24,
2020.
The event producer will be on hand to provide a full review of the traffic
plan for the upcoming event in order to ensure success and limit any
impact to the public.
FISCAL IMPACT – None.
BACKGROUND/ANALYSIS
At the January 21, 2020 meeting, the Council requested a review of the LQAC
traffic planning efforts. On January 29 and February 13, 2020, City staff met
with the event producer and their traffic firm to evaluate the initial traffic plan
and provide recommendations on enhancing the flow. Staff and the event
producer will outline these changes, walk through the contingency plans, and
provide the latest information on the traffic planning efforts.
Prepared by: Chris Escobedo, Community Resources Director
Approved by: Jon McMillen, City Manager
STUDY SESSION ITEM NO. 1
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City of La Quinta
CITY COUNCIL MEETING
DEPARTMENT REPORT
TO: Madam Mayor and Members of the City Council
FROM: Danny Castro, Design and Development Director
DATE: February 18, 2020
SUBJECT: REGULATIONS ON TEMPORARY DECORATIONS AND HOLIDAY
LIGHTS
At a recent Council meeting, a resident expressed concern about a neighbor’s
holiday lights and decorations, and asked Council to consider reducing the time
period for holiday displays. Code Compliance staff has since been working with
the neighbor to remove the holiday lights and decorations, in accordance with the
City’s ordinance on temporary decorations. Staff has also informed the resident
on what is necessary to amend the ordinance.
Section 9.169.020 (Exempt signs) (Attachment 1) of the La Quinta Municipal
Code (LQMC) states that temporary decorations clearly incidental and customary
and commonly associated with any national, local or religious holiday are exempt
from requiring a sign permit, provided such signs are erected no earlier than 45
days from the applicable holiday and removed within 21 days after the applicable
holiday. The Code allows temporary decorations to be illuminated, such as string
lights or other lighted decorations.
Staff researched several other city and county ordinances on temporary holiday
decorations and outdoor lighting, and found that they are similar to LQMC in that
temporary decorations and outdoor lighting associated with holidays are exempt
from permits. Like La Quinta, some cities regulate the window of time that
decorations can be used, and other cities regulate the time period when lights
must be turned off. For example, the County of San Diego requires that holiday
light decorations be turned off between 11:00 p.m. and sunrise.
Temporary decorations are regulated under Title 9 Zoning of the La Quinta
Municipal Code. Should the window of time be reduced and a time period of hours
that holiday lights must be turned off be added to the ordinance, an ordinance
amendment would be required, to be reviewed by the Planning Commission, and
then considered and adopted by the Council.
Regulations based on religious-based holidays would be subject to challenge.
Regulations on the general rule “time, place, and manner” are acceptable if they
are content-neutral limitations, such as limiting the time period and the hours.
Attachment: 1. La Quinta Municipal Code Section 9.169.020
DEPARTMENTAL REPORT ITEM NO. 5
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9.160.020 Exempt signs.
A. Signs Not Requiring Sign Permits. The signs listed in Table 9-17 following do not require a sign
permit nor shall their area and number be included in the aggregate area or number of signs
permitted for any premises or use. However, this exemption shall not be construed as relieving the
sign owner of the responsibility of: (1) obtaining any building or other permits required for sign
erection, if any; (2) proper sign maintenance; or (3) compliance with applicable provisions of this
chapter or of any other law or ordinance. Exempt signs shall not be illuminated nor placed within
any public right-of-way unless specifically permitted herein below.
Table 9-17 Exempt Signs Not Requiring a Sign Permit*
Sign Type Placement Max. Area Illumination
1. Official notices issued by any court or public body or
officer and notices posted by any public officer in the
performance of a public duty or by any person giving
legal notice
n/a n/a n/a
2. Within residential districts, address or identification
signs
Building-
mounted
1 sq. ft.
aggregate
Required
3. Signs located in the interior of any building or
enclosed outdoor area which are designed and located to
be viewed exclusively from within such building or
outdoor area
n/a n/a Yes
4. Tablets, stained glass windows or dates of erection cut
into the surface of a wall or pedestal or projecting not
more than 2 inches
Building-
mounted or
freestanding
3 sq. ft. No
5. Directional, warning or informational signs required by
or authorized by law or by a governmental authority,
including signs necessary for the operation and safety of
public utility uses
n/a n/a Yes
6. Incidental accessory signs and placards (e.g.,
open/closed signs, 6 signs maximum per premises)
Window or
building-
mounted
3 sq. ft.
aggregate
No
7. Temporary decorations clearly incidental and
customary and commonly associated with any national,
local or religious holiday, provided such signs are erected
no earlier than 45 days from the applicable holiday and
removed within 21 days after the applicable holiday.
n/a n/a Yes
8. Sculptures, fountains, mosaics and design features
which do not incorporate advertising or premises
identification
n/a n/a Yes
ATTACHMENT 1
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Sign Type Placement Max. Area Illumination
9. Property signs (e.g., “No Trespassing,” “No Parking,”
etc.), informational/directional signs (e.g., “Restrooms,”
“Exit,” etc.) and warning signs (e.g., “High Voltage”)
Building-
mounted or
freestanding
3 sq. ft. Yes
10. Vehicular directional signs used to identify street
entrances and exits, maximum 3 feet if freestanding
Building-
mounted or
freestanding
3 sq. ft. Yes
11 .Directional pavement marking n/a n/a n/a
12. Newspaper stand identification n/a 3 sq. ft. No
13. Within commercial districts, chalkboards or small
placards (e.g., restaurant menu boards)
Building-
mounted
3 sq. ft. Indirect only
14. Vending machine signs and automatic teller signs n/a n/a Yes
15. Directional and nonprofit public information signs for
public, quasi-public, and nonprofit uses on public or
private property, adjacent to an arterial thoroughfare.
Number, shape, location and height (maximum 6 feet) of
signs shall be approved by the director of planning and
public works
Freestanding n/a No
16. Within commercial zones, temporary
information window signs fronting on a street, parking
lot or common on-site area, not covering more than 25%
of the area of the window(s) within which they are placed
for a period not to exceed 14 days nor more than 6 times
per calendar year. No more than 3 signs per elevation
with windows may be installed at any one time
Window-
mounted
No one
window sign
shall exceed
4′ high or 8′
long (32 sq.
ft.)
No
17. Within residential zones, temporary decorative flags
clearly incidental which may or may not be associated
with any national, local or religious holiday
Building-
mounted
7 sq. ft. No
18. Temporary for sale, lease, open house, or rent signs
located on the subject property. One sign per street
frontage.
Freestanding 6 sq. ft., 4
feet high.
Aggregate
not to exceed
12 sq. ft.
No
19. Temporary for sale, lease, open house, or rent signs
located on commercial/10-acre residential parcels in one
ownership. One sign per street frontage
Freestanding 12 sq. ft. 6 ft
high.
Aggregate
not to exceed
24 sq. ft.
No
Signs in residential districts requiring a permit See Section 9.160.040
Signs in nonresidential districts requiring a permit See Section 9.160.050
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Sign Type Placement Max. Area Illumination
Temporary and semi-permanent signs See Sections 9.160.060 and 9.160.070
*In this table:
“n/a” means not applicable or no restriction.
“Building-mounted” means signs mounted flush-to-wall only.
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P U B L I C W O R K S / E N G I N E E R I N G D E P A R T M E N T - J A N U A R Y 2 0 2 0
J A N U A R Y 2 0 2 0
T H E P U B L I C W O R K S D E P A R T M E N T C O N S I S T S O F S I X D I V I S I O N S : E N G I N E E R I N G , C I P , T R A F F I C ,
F A C I L I T I E S , P A R K S A N D L & L , A N D P U B L I C W O R K S S T R E E T S M A I N T E N A N C E .
Public Works/Engineering Department
ENGINEERING SERVICES
ENGINEERING
& CIP
The Engineering Services Division provides
engineering design, construction oversight, and
traffic support on a variety of infrastructure
projects that help keep La Quinta safe and
beautiful. Here are some activities for January
2020:
CIP Projects - Completed
The contractor for the Calle
Tampico Guardrail project has
completed installing the
guardrail.
The contractor for the Dune
Palms Road Widening project
has completed the widening.
The contractor for the Fritz
Burns Pool Heater project has
completed installing the pool
heaters.
Traffic
The Traffic Team staff completed 35 Citizen Request
work orders and completed 23 scheduled maintenance work orders.
Staff completed other department requests by installing
various banners for events throughout the City.
Eisenhower Drive signal timing was adjusted to
accommodate more traffic during the complete streets
project phase 2.
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P U B L I C W O R K S / E N G I N E E R I N G D E P A R T M E N T - J A N U A R Y 2 0 2 0
J A N U A R Y 2 0 2 0
Public Works/Engineering Department
PUBLIC WORKS
DEVELOPMENT
The Public Works Development provides engineering assistance and
reviews projects throughout the City. During the month of January
2020, the following number of projects were reviewed and permits
were issued:
PARKS AND L&L
L&L:
Parks:
Center medians on Eisenhower at Colima, Arroba, and
Chillon were replanted, aged landscape lights were also
replaced. The landscape contractor focused on regular
maintenance and weed control. Street lights on Avenida
La Fonda were retro-fit with LED lamps.
The contractor focused on regular maintenance and
pruning, fertilization was applied to re-seeded turf areas.
Gopher control is ongoing throughout all City parks,
sports fields and retention basins. Decomposed granite
was replenished at the entrance to the Cove Oasis
Trailhead. Plumbing repairs were completed for the
Splash Pad at La Quinta park.
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P U B L I C W O R K S / E N G I N E E R I N G D E P A R T M E N T - J A N U A R Y 2 0 2 0
J A N U A R Y 2 0 2 0
Public Works/Engineering Department
FACILITIES
ACTIVITY
PUBLIC WORKS
STREETS MAINTENANCE
Staff continued to remove damaged and faded traffic
signs per the Traffic Engineer request.
Staff continued to remove and/or paint over graffiti in
various areas as needed.
Staff monitored the Street Sweeping Program and
removed debris from the storm drains, streets, and
public right-of-way.
Staff assisted other departments with traffic control and
setup for various events.
Facilities division staff coordinated the YMCA backup
generator project and the installation of perimeter wrought
iron fencing. Staff also installed a new clothes washer, dryer,
and upgraded flooring at the Wellness Center bread room.
Preventative maintenance of the HVAC units was performed at
the Museum and SilverRock.
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COMMUNITY SERVICES COMMISSION MINUTES January 13, 2020
COMMUNITY SERVICES COMMISSION
MINUTES
MONDAY, JANUARY 13, 2020
CALL TO ORDER
A regular meeting of the La Quinta Community Services Commission was called to
order at 5:31 p.m. by C hair Wyler.
ROLL CALL
PRESENT: Commissioners Biondi, Blakeley, La Greca, Marley and Chair Wyler
PLEDGE OF ALLEGIANCE
Commissioner Blakeley led the Commission in the Pledge of Allegiance.
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None.
PRESENTATION
1.2020 US CENSUS – DOUG HASSETT
Presented by Doug Hassett, Partnership Specialist
Mr. Hassett provided a brief overview of the importance of the census and how it is
conducted.
2.LIBRARY – MELISSA LUNDELL, LA QUINTA BRANCH MANAGER
Presented by Melissa Lundell, La Quinta Branch Manager
Ms. Lundell provided an update on current library programming/e vents and future
goals and aspirations.
Commissioner Biondi suggested DIGICOM, an organization that teaches digital
storytelling, as a partnership opportunity for the makerspace.
3.LA QUINTA ART CELEBRATION – KAT HUGHES
Presented by Kathleen Hughes, Event Director
Ms. Hughes introduced SCOPE Events’ Volunteer Manager, Debby Nelson, and
provided an update on the production status .
BUSINESS SESSION (MOTION REQUIRED)
1.APPROVE SECOND ROUND OF PRE -QUALIFIED ARTIST LIST
Presented by Jaime Torres, Community Resources Analyst
MOTION - A motion was made and seconded by Commissioners La Greca/Blakeley to
approve the pre-qualified artist list as submitted . Motion passes unanimously.
2.APPROVE ARTWORK FOR ART PEDESTALS
Presented by Jaime Torres, Community Resources Analyst
REPORTS AND INFORMAITONAL ITEMS NO. 27
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COMMUNITY SERVICES COMMISSION MINUTES January 13, 2020
MOTION - A motion was made and seconded by Commissioners Biondi/La Greca to
approve artist Sage Vaughn to fabricate artwork for the art pedestals located on Calle
Estado and Avenida La Fonda on Avenida Bermudas . Motion passes unanimously.
Commissioner requested from staff to follow up with the artist regarding the art work’s
size, types of flowers, and alternative colors.
DEPARTMENT REPORTS
>>>>>>>Contrary to the posted agenda, the items were heard in the following
order: Item no. 3, 2 then 1 <<<<<<<<<<<<
1. FRITZ BURNS POOL UPDATE
Presented by Robert Ambriz Jr., Maintenance and Operations Superintendent
Mr. Ambriz reported that the pool re-opening was rescheduled for January 14.
2. FRITZ BURNS PARK SPACE
Presented by Julie Mignogna, Management Analyst
3. COMPLETE STREETS UPDATE – PHASE II
Presented by Julie Mignogna, Management Analyst
CONSENT CALENDAR
1. APPROVE MINUTES OF NOVEMBER 12 , 201 9
MOTION - A motion was made and second ed by Commissioners Blakeley/Marley to
approve the Consent Calendar as submitted. Motion passes unanimously.
COMMISSIONER’S ITEMS
EVENTS ATTENDED
• SPECIAL JOINT MEETING – COUNCIL & PLANNING COMMISSION –
NOVEMBER 21 – All
• TREE LIGHTING CEREMONY – DECEMBER 6 – Commissioners La Greca,
Marley, and Wyler
• IRONMAN 70.3 – DECEMBER 8 – Commissioners Blakeley and La Greca
• 2020 COMMUNITY WORKSHOP – JANUARY 11 - None
ADJOURNMENT
There being no further business, it was moved and seconded by Commissioners
Biondi/Blakeley to adjourn the meeting at 7:15 p.m. Motion passes unanimously.
Respectfully submitted,
LISA CHAUDHRY, Community Services Commission Secretary
City of La Quinta, California
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REPORTS AND INFORMATIONAL ITEMS NO. 28
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HAND OUTS
CITY COUNCIL
MEETING
FEBRUARY 18, 2020
CITY COUNCIL MEETING - FEBRUARY 18, 2020 - HAND-OUT BY RESIDENT SUSIE DEL TORO
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA - "FREEDOM FLAGS FOR FAMILIES" VETERANS PROGRAM
CITY COUNCIL MEETING - FEBRUARY 18, 2020 - HAND-OUT BY RESIDENT SUSIE DEL TORO PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA - "FREEDOM FLAGS FOR FAMILIES" VETERANS PROGRAM
CITY COUNCIL MEETING - FEBRUARY 18, 2020 - HAND-OUT BY RESIDENT SUSIE DEL TORO
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA - "FREEDOM FLAGS FOR FAMILIES" VETERANS PROGRAM
CITY COUNCIL MEETING - FEBRUARY 18, 2020 - HAND-OUT BY RESIDENT SUSAN THRONSON
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA - LESBIAN, GAY, BISEXUAL, TRANSGENDER, & QUESTIONING (LGBTQ)
CITY COUNCIL MEETING - FEBRUARY 18, 2020 - HAND-OUT BY STAFF
STUDY SESSION ITEM NO. 1 - DISCUSS LA QUINA ART CELEBRATION TRAFFIC PLAN
CITY COUNCIL MEETING - FEBRUARY 18, 2020 - HAND-OUT BY STAFF
STUDY SESSION ITEM NO. 1 - DISCUSS LA QUINA ART CELEBRATION TRAFFIC PLAN
CITY COUNCIL MEETING - FEBRUARY 18, 2020 - HAND-OUT BY STAFF
STUDY SESSION ITEM NO. 1 - DISCUSS LA QUINA ART CELEBRATION TRAFFIC PLAN
POWER POINTS
CITY COUNCIL
MEETING
FEBRUARY 18, 2020
CITY COUNCIL MEETING FEBRUARY 18, 2020
1
City Council Meeting
February 18, 2020
City Council Meeting
February 18, 2020
B1 – Personnel Changes
1
2
CITY COUNCIL MEETING FEBRUARY 18, 2020
2
Overview
•Amend Title & Classification of Senior Accountant to
Accounting Manager
•Add Account Technician Position
•Amend Associate Engineer rating from C43 to C44
•Reclassify Management Assistant to Administrative
Technician
Fiscal Impact
PERSONNEL ADJUSTMENTS
Finance
101-1006-50101 Full Time Salaries 23,700
101-1006-60103 Professional Services (8,700)
101-1006-60125 Temporary Agency Services (15,000)
Engineering
101-6005-50101 Full Time Salaries (1,700)
TOTAL GENERAL FUND (1,700)
3
4
CITY COUNCIL MEETING FEBRUARY 18, 2020
3
Summary
•Position Description Questionnaire’s completed for Senior
Accountant and Associate Engineer positions
•Account Technician position improves Finance grant
oversight and auditing requirements
•Allocated full time positions would increase from 95 to 96
Recommendations
•Adopt Resolution
–Amending 3 positions &
–Adding 1 position
•Approve Budget Adjustments
5
6
CITY COUNCIL MEETING FEBRUARY 18, 2020
4
City Council Meeting
February 18, 2020
B2 – 2018/19 Comprehensive Annual
Financial Report
7
8
CITY COUNCIL MEETING FEBRUARY 18, 2020
5
CAFR Content
Major Events
•Transmittal letters
• Management discussion and analysis
Financial
Statements
• Balance sheets, statement of net position & cash flows
•Budgetary comparison schedules
English
Please
• 19 Notes
• Statistical section, 10‐year comparison
•Clean audit opinion
•General Fund reserves increased
•Lower outstanding debt
•All new financial regulatory requirements have been
implemented
•Extended disclosures and notes provided for:
–RDA loan repayment, Extraordinary Item $993,148
–Interfund loans write‐offs, Special Item $15,017,126
–Pension and OPEB trusts, new disclosures added
9
10
CITY COUNCIL MEETING FEBRUARY 18, 2020
6
Governmental Fund Balances
Category General Fund All Other Funds Total Funds
Non‐Spendable $ 33,683,942 $ 386 $ 33,684,328
Restricted 6,540,000 44,815,499 51,355,499
Committed 31,745,000 ‐ 31,745,300
Assigned 29,439,978 ‐ 29,439,978
Unassigned 16,228,627 (1,931,951) 14,296,676
Total $ 117,637,847 $ 42,883,934 $ 160,521,781
Prepaid Costs $ 37,182
Land held for resale 5,730,990
RDA Loan 27,915,770
NEW
Pension Trust $ 6,540,000
Housing Funds 22,041,197
Restricted Funds 22,774,302
Governmental Fund Balances
Category General Fund All Other Funds Total Funds
Non‐Spendable $ 33,683,942 $ 386 $ 33,684,328
Restricted 6,540,000 44,815,499 51,355,499
Committed 31,745,000 ‐ 31,745,300
Assigned 29,439,978 ‐ 29,439,978
Unassigned 16,228,627 (1,931,951) 14,296,676
Total $ 117,637,847 $ 42,883,934 $ 160,521,781
Natural Disaster $ 10,000,000
Economic Disaster 11,000,000
Cash Flow Reserve 5,000,000
Capital Replacement 5,000,000
Operational Carryovers 745,300
Fire Services $ 9,864,841
Sales Tax (Measure G) 7,721,975
Capital Projects 11,853,162
11
12
CITY COUNCIL MEETING FEBRUARY 18, 2020
7
Long‐Term Debt
Debt Type 2017‐18 2018‐19
Capital Leases $ 667,035 $ 787,971
Compensated Absences 823,842 941,955
Land Acquisition 1,125,000 ‐
Revenue Bonds 650,000 ‐
Pension Liability (NEW)12,612,523 12,403,691
Total $15,878,400 $14,103,617
Pension Trust $ 6,540,000
19‐20 Contribution 3,460,000
Total Trust Balance 10,000,000
Pension Liability $ 2,403,691
Major Infrastructure
Investments
•Washington Street Apartments
$8,380,000
•Citywide Drainage Improvements
$1,545,000
•Madison St. Widening (Ave. 50‐52)
$1,508,000
•Pavement Management $1,075,000
•Landscape Improvements $672,000
13
14
CITY COUNCIL MEETING FEBRUARY 18, 2020
8
FAC
Presentation
Scheduled for
3/18/2020
15
16
CITY COUNCIL MEETING FEBRUARY 18, 2020
9
City Council Meeting
February 18, 2020
S1 – La Quinta Art Celebration Traffic
Overview
•Event takes place March 5-8, 2020
•New traffic team and plan to improve circulation
•Increased pre-planning between Staff and Producer
17
18
CITY COUNCIL MEETING FEBRUARY 18, 2020
10
South Bound Traffic to Venue
North Bound Traffic to Venue
19
20
CITY COUNCIL MEETING FEBRUARY 18, 2020
11
21
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