2021 08 04 FACFINANCIAL ADVISORY COMMISSION AGENDA 1 AUGUST 4, 2021
REGULAR MEETING
FINANCIAL ADVISORY COMMISSION
AGENDA
CITY HALL COUNCIL CHAMBER
78-495 Calle Tampico, La Quinta
REGULAR MEETING ON WEDNESDAY, AUGUST 4, 2021 AT 4:00 P.M.
******************************
SPECIAL NOTICE
Teleconferencing and Telephonic Accessibility in Effect
Pursuant to Executive Orders N-25-20, N-29-20, N-33-20, N-35-20, N-60-20 and N-08-
21 executed by the Governor of California, in response to the state of emergency relating
to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing
accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act
(Government Code § 54950 et seq.), members of the Financial Advisory Commission, the
City Manager, City Attorney, City Staff, and City Consultants may participate in this
meeting by teleconference.
Members of the public wanting to listen to this meeting may do so by tuning-in live via
https://laquinta.12milesout.com/video/live.
Members of the public wanting to address the Financial Advisory Commission, either
for a specific agenda item or matters not on the agenda are requested to follow the
instructions listed below:
Written public comments – can be provided in-person during the meeting or emailed
to the La Quinta Finance Department Management Assistant at jdelgado@LaQuintaCA.gov
no later than 3:00 p.m. on the day of the meeting, and will be distributed to the
Financial Advisory Commission, incorporated into the agenda packet and public record of
the meeting, and will not be read during the meeting unless, upon the request of the
Financial Advisory Commission Chair, a brief summary of any public comment is asked to
be read, to the extent the Finance Department Management Assistant can accommodate
such request.
If emailed, the email “subject line” must clearly state “Written Comments” and list the
following:
1)Full Name 4) Public Comment or Agenda Item Number
2) City of Residence 5) Subject
3) Phone Number 6) Written Comments
Financial Advisory Commission agendas and staff
reports are now available on the City’s web page:
www.laquintaca.gov
FINANCIAL ADVISORY COMMISSION AGENDA 2 AUGUST 4, 2021
REGULAR MEETING
*** TELECONFERENCE PROCEDURES ***
Verbal public comments via Teleconference – members of the public may join
the meeting virtually via Zoom and use the “raise your hand” feature when public
comments are prompted by the Commission Chair; the City will facilitate the ability for a
member of the public to be audible to the Commission and general public and allow
him/her to speak on the item(s) requested. Please note – members of the public must
unmute themselves when prompted upon being recognized by the Commission
Chair, in order to become audible to Financial Advisory Commission and the
public.
Only one person at a time may speak by teleconference and only after being recognized
by the Commission Chair.
ZOOM LINK: https://us06web.zoom.us/j/88698213460
Meeting ID: 886 9821 3460
Or join by phone: (253) 215-8782
******************************
CALL TO ORDER
Roll Call: Commissioners: Anderson, Batavick, Campbell, Dorsey, Way and Chair Mills
PLEDGE OF ALLEGIANCE
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
At this time, members of the public may address the Financial Advisory Commission on
any matter not listed on the agenda by providing written public comments either in-
person or via email as indicated above; or provide verbal public comments either in-
person or via teleconference by joining the meeting virtually at
https://us06web.zoom.us/j/88698213460 and use the “raise your hand” feature
when prompted by the Commission Chair. Members of the public attending the meeting
in-person are requested to complete a “Request to Speak” form. Please limit your
comments to three (3) minutes (or approximately 350 words). The Commission 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
Government Code § 54954.2(b).
CONFIRMATION OF AGENDA
ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS – None
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
1. Approve Special Meeting Minutes Dated June 2, 2021
2. Receive and File Revenue and Expenditure Report Dated April 30, 2021
3. Receive and File Revenue and Expenditure Report Dated May 31, 2021
BUSINESS SESSION
1. Appoint a Financial Advisory Commissioner Chairperson and Vice-Chairperson to
serve for fiscal year 2021/22
FINANCIAL ADVISORY COMMISSION AGENDA 3 AUGUST 4, 2021
REGULAR MEETING
STUDY SESSION – None
DEPARTMENTAL REPORTS
1.First Quarter 2021 (January-March) Sales Tax Update for the City of La Quinta
2. Highway 111 Form Based Code and Design – Capital Improvement Project (CIP)
2019-05 Update
COMMISSIONERS’ ITEMS
ADJOURNMENT
The next regular quarterly meeting of the La Quinta Financial Advisory Commission will
be held on November 10, 2021, commencing at 4:00 p.m. at the La Quinta City Hall
Council Chambers, 78-495 Calle Tampico, La Quinta, CA 92253.
DECLARATION OF POSTING
I, Jessica Delgado, Management Assistant, of the City of La Quinta, do hereby declare
that the foregoing Agenda for the Commission meeting was posted on the City’s website,
near the entrance to the Council Chamber at 78-495 Calle Tampico, and the bulletin
boards at 78-630 Highway 111, and 51-321 Avenida Bermudas, on
July 29, 2021.
DATED: July 29, 2021
Jessica Delgado, Management Assistant
City of La Quinta, California
Public Notices
x 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.
x 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.
x 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.
x 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.
Digitally signed by Jessica Delgado
DN: cn=Jessica Delgado, o=City of
La Quinta, ou=Finance,
email=jdelgado@laquintaca.gov,
c=US
Date: 2021.07.29 13:45:46 -07'00'
FINANCIAL ADVISORY COMMISSION MINUTES 1 JUNE 2, 2021
SPECIAL MEETING
FINANCIAL ADVISORY COMMISSION
SPECIAL MEETING
MINUTES
WEDNESDAY, JUNE 2, 2021
CALL TO ORDER
A special meeting of the Financial Advisory Commission (Commission) was
called to order at 4:00 p.m. by Chair Mills.
This meeting was held by teleconference pursuant to Executive orders N-25-
20, N-29-20, N-33-20, N-35-20, and N-60-20, executed by the Governor of
California in response to the state of emergency relating to novel coronavirus
disease 2019 (COVID-19) and enabling teleconferencing accommodations by
suspending or waiving specified provisions of the Ralph M. Brown Act
(Government Code § 54950 et seq.).
PRESENT: Commissioners Batavick, Hoffner, Hunter, Twohey, Way, and
Chair Mills
ABSENT: None
VACANCY: One
STAFF PRESENT: Financial Services Analyst Hallick, Interim Finance Director
Martinez, Management Assistant Delgado
PLEDGE OF ALLEGIANCE
Commissioner Hoffner led the audience in the Pledge of Allegiance.
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None
CONFIRMATION OF AGENDA
Commissioner Mills requested a discussion on a nominating committee for Chair
and Vice-Chair recommendations under Commissioners’ Items.
The Commission concurred.
ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS
– None
CONSENT CALENDAR ITEM NO. 1
FINANCIAL ADVISORY COMMISSION MINUTES 2 JUNE 2, 2021
SPECIAL MEETING
CONSENT CALENDAR ITEMS
1. APPROVE SPECIAL MEETING MINUTES DATED MAY 12, 2021
Motion – A motion was made and seconded by Commissioners Hoffner/Twohey
to approve the Consent Calendar, as submitted. Motion passed: ayes 4, noes
0, vacancy 1, abstain 2 (Mills and Way).
BUSINESS SESSION
1. DISCUSS FISCAL YEAR 2021/22 PROPOSED BUDGET AND
APPROVE ALLOCATION OF MEASURE G SALES TAX REVENUE
Interim Finance Director Martinez and Financial Services Analyst Hallick
presented the staff report, which is on file in the Finance Department.
The Commission and staff discussed process for fire alarm services and
citations; Measure G allocation for public safety contract services reserves and
additional general fund operational expenses, and Measure G allocation for
Highway 111 Corridor (Corridor) improvements as proposed in Measure G
Revenues and Uses Summary handout to the staff report; process for reserve
allocations; and process for seeking Council approval for City projects.
The Commission requested to have Measure G reserves allocations be
presented to the Commission for review and approval prior to actual
expenditures; and expressed a general concern regarding allocating additional
funds for capital improvement projects without a detailed accounting plan on
how funds would be spent.
Staff noted that all expenditures over $50,000 require Council approval per the
City’s Purchasing Policy.
The Commission requested that staff provide the Commission with quarterly
updates of planned and actual expenditures related to the Corridor project.
Motion – A motion was made and seconded by Commissioners Batavick/Hoffner
to approve the fiscal year 2021/22 allocation of Measure G sales tax revenue
as recommended; and to provide the Commission with quarterly updates on
planned and actual expenditures related to the Highway 111 Corridor project.
Motion passed: ayes 6, noes 0, vacancy 1.
STUDY SESSION – None
DEPARTMENTAL REPORTS – None
FINANCIAL ADVISORY COMMISSION MINUTES 3 JUNE 2, 2021
SPECIAL MEETING
COMMISSIONERS’ ITEMS
Chair Mills thanked Commissioners Hunter, Rosen, and Twohey for their time
and commitment to the Commission, and dedicated service to the community.
He noted he sent an email to staff and Council expressing a concern that a
majority of the Commission’s members’ terms are set to expire, and provided
a recommendation that the term’s rotation schedule be amended.
Chair Mills updated the Commission on his attendance of the Planning
Commission (PC) meeting of April 27, 2021; said he inquired on PC’s strategy
to evaluate future expenses for electric vehicle charging stations, and is
awaiting a response from PC.
Chair Mills mentioned the final meeting for the Library Development Impact Fee
(DIF) Study subcommittee is still pending; the 10-year Financial Projections
subcommittee is to be started in the Fall of 2021; and that the Long-Range
Strategic Planning subcommittee was appointed three Commissioners (Mills,
Hoffner, and Rosen) but would be short one Commissioner due to the
resignation of Commissioner Rosen. Commissioner Way volunteered to join
subcommittee if needed.
Chair Mills said at the April 20 and May 4, 2021 Council meetings, the developer
presented an update on the SilverRock Resort project progress and developer’s
efforts to cure the default under the Purchase, Sale, And Development
Agreement; the form-based code study for the Highway 111 Corridor project
was presented at a Special Joint Meeting of the City Council and Planning
Commission on May 18, 2021; and that all meeting videos can be found on the
City’s website if any Commissioner would like to watch. Commissioner Way said
a comprehensive update on the development of the SilverRock project,
specifically the Montage hotel component, was presented at the June 1, 2021,
Council meeting.
Chair Mills inquired on how the Commission can be more proactive and
suggested having a discussion on this at the next Commission meeting once
new Commissioners have been appointed. Staff noted that the Commission’s
work plan is listed in the La Quinta Municipal Code and included in the City’s
Investment Policy.
Commissioner Mills inquired on the process for adding items on the agenda;
and requested that staff have correspondence issued as responses to individual
Commissioner’s inquiries to be disseminated to the entire Commission. Staff
asked the Commission to direct their comments and questions directly to staff,
Interim Finance Director Martinez, Financial Services Analyst Hallick, and
Management Assistant Delgado, to ensure a timely response is issued should a
FINANCIAL ADVISORY COMMISSION MINUTES 4 JUNE 2, 2021
SPECIAL MEETING
staff member be out of the office and to ensure communication is distributed
in compliance with the Brown Act.
Chair Mills suggested that he and Commissioner Way serve on a nomination
committee to provide recommendations to the Commission for the upcoming
Chair and Vice-Chair appointments at the next meeting. Staff noted this item
will be agendized for the Commission’s review and consideration at the first
meeting of the new fiscal year per the La Quinta Municipal Code and that each
Commissioner in attendance would have the opportunity to nominate
themselves or another Commissioner for the role of Chair and Vice-Chair.
The Commission inquired if applicants’ resumes would be available for review.
Staff noted Council will conduct the interviews during a public meeting,
scheduled for June 23, 2021, at 5:00 p.m.
ADJOURNMENT
There being no further business, it was moved and seconded by Commissioners
Way/Twohey to adjourn this meeting at 6:07 p.m. Motion passed: ayes 6, noes
0, vacancy 1.
Respectfully submitted,
Jessica Delgado, Management Assistant
City of La Quinta, California
Digitally signed by Jessica Delgado
DN: cn=Jessica Delgado, o=City of La
Quinta, ou=Finance,
email=jdelgado@laquintaca.gov, c=US
Date: 2021.07.29 14:04:24 -07'00'
City of La Quinta
FINANCIAL ADVISORY COMMISSION MEETING: August 4, 2021
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT
DATED APRIL 30, 2021
RECOMMENDATION
Receive and file revenue and expenditure report dated April 30, 2021.
EXECUTIVE SUMMARY
•The report summarizes the City’s period and year-to-date (YTD) revenues
and expenditures for April 2021 (Attachment 1).
•These reports are also reviewed by the City Council.
FISCAL IMPACT – None
BACKGROUND/ANALYSIS
Below is a summary of the column headers used on the Revenue and
Expenditure Summary Reports:
Original Total Budget – represents revenue and expenditure budgets the
Council adopted in June 2020 for fiscal year 2020/21.
Current Total Budget – represents original adopted budgets plus any
Council approved budget amendments from throughout the year. The
2019/20 operating and Capital Improvement Project carryovers to
2020/21 have been added to the current budget.
Period Activity – represents actual revenues received and expenditures
outlaid in the reporting month.
Fiscal Activity – represents actual revenues received and expenditures
outlaid YTD.
Variance Favorable/(Unfavorable) - represents the dollar difference
between YTD collections/expenditures and the current budgeted
amount.
Percent Used – represents the percentage activity as compared to
budget YTD.
CONSENT CALENDAR ITEM NO. 2
The revenue report includes revenues and transfers into funds from other
funds (income items). Revenues are not received uniformly throughout the
year, resulting in peaks and valleys. For example, large property tax
payments are usually received in December and May. Similarly,
Redevelopment Property Tax Trust Fund payments are typically received in
January and June. Any timing imbalance of revenue receipts versus
expenditures is funded from the City’s cash flow reserve.
The expenditure report includes expenditures and transfers out to other funds.
Unlike revenues, expenditures are more likely to be consistent from month to
month. However, large debt service payments or CIP expenditures can cause
swings.
Prepared by: Rosemary Hallick, Financial Services Analyst
Approved by: Claudia Martinez, Interim Finance Director
Attachment: 1. Revenue and Expenditure Report for April 30, 2021
MTD YTD
YTD Percent
of Budget
General Fund 5,651,898$ 42,162,084$ 73.09%
All Funds 8,931,557$ 81,722,319$ 46.96%
MTD YTD
YTD Percent
of Budget
General Fund 1,353,622$ 31,146,783$ 46.44%
Payroll - General Fund 869,999$ 7,706,174$ 66.86%
All Funds 5,348,254$ 87,787,338$ 46.58%
April Expenditures
April Revenues
General Fund Non-General Fund
Transient Occupancy (Hotel) Tax 1,375,725$ County Government Revenue -Library/Museum 726,120$
Measure G Sales Tax 1,336,732$ Hwy Safety Improvement Program (HSIP) Grant 512,924$
Sales Tax 1,212,685$ SilverRock Greens Fees 357,953$
Property Tax 678,028$ Active Transportation Grant - Complete Streets 267,047$
Franchise Fees- SoCal Gas 173,961$ Pension Trust Earnings 200,929$
General Fund Non-General Fund
Contract Legal Services 64,040$ Capital Improvement Program (CIP) - Construction(1)2,580,266$
Marketing and Tourism Promotions 46,194$ Homelessness Assistance 300,000$
G reater Palm Springs Convention Bureau 42,207$ CIP - Design(2)162,928$
Parks Landscape Maintenance 35,765$ SilverRock Maintenance 158,002$
Parks Maintenance/Services 28,339$ Lighting & Landscape Maintenance 59,858$
(2) CIP Design: Hwy 111 planning, north La Quinta landscape improvements, SilverRock event site landscaping.
Top Five Revenue/Income Sources for April
Top Five Expenditures/Outlays for April
(1) CIP Construction: X-Park, SilverRock Way, ADA improvements, public safety cameras, Washington/Fred Waring trilple left project.
For Fiscal: 2020/21 Period Ending: 04/30/2021
Page 1 of 3
Revenue Summary
Fiscal
Activity
Variance
Favorable
(Unfavorable)Fund
Period
Activity
Current
Total Budget
Original
Total Budget
Percent
Used
101 - GENERAL FUND 42,162,0845,651,89850,726,100 57,685,534 -15,523,450 73.09 %
201 - GAS TAX FUND 1,307,132129,2001,778,400 1,791,800 -484,668 72.95 %
202 - LIBRARY & MUSEUM FUND 1,465,856726,1752,808,500 2,807,200 -1,341,344 52.22 %
203 - PUBLIC SAFETY FUND (MEASURE G)12,893010,000 342,000 -329,107 3.77 %
210 - FEDERAL ASSISTANCE FUND 175,766175,659141,900 147,472 28,294 119.19 %
212 - SLESA (COPS) FUND 117,76316,667101,000 101,000 16,763 116.60 %
215 - LIGHTING & LANDSCAPING FUND 1,418,8882361,877,000 1,857,100 -438,212 76.40 %
220 - QUIMBY FUND 10,530080,000 80,000 -69,470 13.16 %
221 - AB 939 - CALRECYCLE FUND 42,4946,58576,000 76,000 -33,506 55.91 %
223 - MEASURE A FUND 1,201,997149,8341,319,000 1,519,000 -317,003 79.13 %
224 - TUMF FUND -376000 -376 0.00 %
225 - INFRASTRUCTURE FUND 2090200200 9 104.49 %
226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)9,8689,87912,100 19,700 -9,832 50.09 %
227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)3,1946,0185,000 5,000 -1,806 63.88 %
230 - CASp FUND, AB 1379 14,3741,56018,200 18,200 -3,826 78.98 %
231 - SUCCESSOR AGCY PA 1 RORF 7,280,305020,539,264 20,539,264 -13,258,959 35.45 %
235 - SO COAST AIR QUALITY FUND 26,19512,39153,000 53,000 -26,805 49.42 %
237 - SUCCESSOR AGCY PA 1 ADMIN 12,522013,505 13,505 -983 92.72 %
241 - HOUSING AUTHORITY 2,027,283202,336513,300 1,901,756 125,527 106.60 %
243 - RDA LOW-MOD HOUSING FUND 29,957035,000 35,000 -5,043 85.59 %
244 - HOUSING GRANTS (Multiple)00060,000 -60,000 0.00 %
247 - ECONOMIC DEVELOPMENT FUND 534,860040,000 649,100 -114,240 82.40 %
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)75,6420200,000 201,000 -125,358 37.63 %
250 - TRANSPORTATION DIF FUND 573,601128,288380,000 380,000 193,601 150.95 %
251 - PARKS & REC DIF FUND 254,49767,392304,000 304,000 -49,503 83.72 %
252 - CIVIC CENTER DIF FUND 155,59239,360110,000 112,000 43,592 138.92 %
253 - LIBRARY DEVELOPMENT DIF 47,63612,70445,000 45,000 2,636 105.86 %
254 - COMMUNITY & CULTURAL CENTERS DIF 111,71530,59216,500 76,500 35,215 146.03 %
255 - STREET FACILITY DIF FUND 4,560017,000 2,000 2,560 228.02 %
256 - PARK FACILITY DIF FUND 33307,100 500 -167 66.54 %
257 - FIRE PROTECTION DIF 49,19311,80855,500 55,500 -6,307 88.64 %
270 - ART IN PUBLIC PLACES FUND 138,5656,224111,000 121,000 17,565 114.52 %
275 - LQ PUBLIC SAFETY OFFICER 2,53002,600 2,600 -70 97.30 %
299 - INTEREST ALLOCATION FUND -269,33885,49400 -269,338 0.00 %
310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,100 1,100 -1,100 0.00 %
401 - CAPITAL IMPROVEMENT PROGRAMS 14,840,665823,77119,058,300 74,218,948 -59,378,283 20.00 %
405 - SA PA 1 CAPITAL IMPRV FUND 36,2330100,000 100,000 -63,767 36.23 %
501 - FACILITY & FLEET REPLACEMENT 712,43621,268902,500 902,500 -190,064 78.94 %
502 - INFORMATION TECHNOLOGY 1,331,0911,8281,721,500 1,747,300 -416,209 76.18 %
503 - PARK EQUIP & FACILITY FUND 189,0760245,000 245,000 -55,924 77.17 %
504 - INSURANCE FUND 700,9820928,500 928,500 -227,518 75.50 %
601 - SILVERROCK RESORT 3,655,330413,4613,882,100 4,182,100 -526,770 87.40 %
602 - SILVERROCK GOLF RESERVE 5,64404,500 4,500 1,144 125.42 %
760 - SUPPLEMENTAL PENSION PLAN 5,99006,500 6,500 -510 92.16 %
761 - CERBT OPEB TRUST 220,623060,000 75,000 145,623 294.16 %
762 - PARS PENSION TRUST 1,025,928200,929300,000 600,000 425,928 170.99 %
Report Total:8,931,557 81,722,319108,606,169 174,013,379 -92,291,060 46.96 %
Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report published annually in December, is the best resource for all final audited numbers.
ATTACHMENT 1
Budget Report No Decimals CC RevExp For Fiscal: 2020/21 Period Ending: 04/30/2021
Page 2 of 3
Expenditure Summary
Fiscal
Activity
Variance
Favorable
(Unfavorable)Fund
Period
Activity
Current
Total Budget
Original
Total Budget
Percent
Used
101 - GENERAL FUND 31,146,7831,353,62247,911,600 67,075,553 35,928,770 46.44 %
201 - GAS TAX FUND 853,72149,4481,775,300 2,288,769 1,435,048 37.30 %
202 - LIBRARY & MUSEUM FUND 1,041,72022,9511,715,100 2,318,100 1,276,380 44.94 %
203 - PUBLIC SAFETY FUND (MEASURE G)26,85001,000,000 1,372,296 1,345,446 1.96 %
210 - FEDERAL ASSISTANCE FUND 00141,900 321,339 321,339 0.00 %
212 - SLESA (COPS) FUND 67,5610100,000 100,000 32,439 67.56 %
215 - LIGHTING & LANDSCAPING FUND 1,527,495197,6121,876,600 2,126,600 599,105 71.83 %
220 - QUIMBY FUND 520,886002,781,625 2,260,739 18.73 %
221 - AB 939 - CALRECYCLE FUND 5,8793,704100,000 250,000 244,121 2.35 %
223 - MEASURE A FUND 198,8118,7701,263,900 2,455,084 2,256,273 8.10 %
225 - INFRASTRUCTURE FUND 00022,618 22,618 0.00 %
226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)19,629012,000 19,600 -29 100.15 %
227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)6,0186,0185,000 5,000 -1,018 120.36 %
230 - CASp FUND, AB 1379 2,37804,400 4,400 2,022 54.05 %
231 - SUCCESSOR AGCY PA 1 RORF 17,378,3523,6248,405,468 8,405,468 -8,972,884 206.75 %
235 - SO COAST AIR QUALITY FUND 35,6129,78042,200 48,900 13,288 72.83 %
237 - SUCCESSOR AGCY PA 1 ADMIN 12,7553,00513,505 13,505 750 94.45 %
241 - HOUSING AUTHORITY 889,811112,415822,300 1,270,062 380,251 70.06 %
243 - RDA LOW-MOD HOUSING FUND 300,000300,000250,000 300,000 0 100.00 %
244 - HOUSING GRANTS (Multiple)26,7770060,000 33,223 44.63 %
247 - ECONOMIC DEVELOPMENT FUND 1,474,37410,94210,000 1,630,500 156,126 90.42 %
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)6,116,79606,185,000 6,185,000 68,204 98.90 %
250 - TRANSPORTATION DIF FUND 743,05601,293,000 1,957,670 1,214,614 37.96 %
251 - PARKS & REC DIF FUND 962,46900959,713 -2,756 100.29 %
253 - LIBRARY DEVELOPMENT DIF 12,143030,000 30,000 17,857 40.48 %
254 - COMMUNITY & CULTURAL CENTERS DIF 000101,639 101,639 0.00 %
256 - PARK FACILITY DIF FUND 0005,600 5,600 0.00 %
270 - ART IN PUBLIC PLACES FUND 51,9020110,000 725,700 673,798 7.15 %
310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,100 1,100 1,100 0.00 %
401 - CAPITAL IMPROVEMENT PROGRAMS 15,551,5862,837,31419,058,300 71,005,842 55,454,256 21.90 %
405 - SA PA 1 CAPITAL IMPRV FUND 3,559,470006,039,155 2,479,685 58.94 %
501 - FACILITY & FLEET REPLACEMENT 352,46532,361902,500 1,144,464 791,998 30.80 %
502 - INFORMATION TECHNOLOGY 951,66870,2241,684,200 1,924,200 972,532 49.46 %
503 - PARK EQUIP & FACILITY FUND 137,2840595,000 682,986 545,702 20.10 %
504 - INSURANCE FUND 870,009277827,500 904,500 34,491 96.19 %
601 - SILVERROCK RESORT 2,881,212321,2803,881,500 3,881,500 1,000,288 74.23 %
760 - SUPPLEMENTAL PENSION PLAN 12,833012,850 12,850 17 99.87 %
761 - CERBT OPEB TRUST 1,23301,500 1,500 267 82.17 %
762 - PARS PENSION TRUST 47,7994,90852,000 52,000 4,201 91.92 %
Report Total:5,348,254 87,787,338100,083,723 188,484,838 100,697,500 46.58 %
Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report published annually in December, is the best resource for all final audited numbers.
Fund #Name Notes
101 General Fund The primary fund of the City used to account for all revenue and expenditures of the City; a broad
range of municipal activities are provided through this fund.
201 Gas Tax Fund Gasoline sales tax allocations received from the State which are restricted to street-related
expenditures.
202 Library and Museum Fund Revenues from property taxes and related expenditures for library and museum services.
203 Public Safety Fund General Fund Measure G sales tax revenue set aside for public safety expenditures.
210 Federal Assistance Fund Community Development Block Grant (CDBG) received from the federal government and the
expenditures of those resources.
212 SLESF (COPS) Fund Supplemental Law Enforcement Services Funds (SLESF) received from the State for law enforcement
activities. Also known as Citizen's Option for Public Safety (COPS).
215 Lighting & Landscaping Fund Special assessments levied on real property for city-wide lighting and landscape
maintenance/improvements and the expenditures of those resources.
220 Quimby Fund Developer fees received under the provisions of the Quimby Act for park development and
improvements.
221 AB939 Fund/Cal Recycle Franchise fees collected from the city waste hauler that are used to reduce waste sent to landfills
through recycling efforts. Assembly Bill (AB) 939.
223 Measure A Fund County sales tax allocations which are restricted to street-related expenditures.
224 TUMF Fund Developer-paid Transportation Uniform Mitigation Fees (TUMF) utilized for traffic projects in Riverside
County.
225 Infrastructure Fund Developer fees for the acquisition, construction or improvement of the City’s infrastructure as defined
by Resolution
226 Emergency Mgmt. Performance Grant (EMPG)Federal Emergency Management Agency (FEMA) grant for emergency preparedness.
227 State Homeland Security Programs (SHSP)Federal Emergency Management Agency (FEMA) grant for emergency preparedness.
230 CASP Fund, AB1379 / SB1186 Certified Access Specialist (CASp) program fees for ADA Accessibility Improvements; derived from
Business License renewals. Assembly Bill (AB) 1379 and Senate Bill (SB) 1186.
231 Successor Agency PA 1 RORF Fund
Successor Agency (SA) Project Area (PA) 1 Redevelopment Obligation Retirement Fund (RORF) for
Redevelopment Property Tax Trust Fund (RPTTF) taxes received for debt service payments on
recognized obligations of the former Redevelopment Agency (RDA).
235 SO Coast Air Quality Fund (AB2766, PM10)Contributions from the South Coast Air Quality Management District. Uses are limited to the reduction
and control of airborne pollutants. Assembly Bill (AB) 2766.
237 Successor Agency PA 1 Admin Fund Successor Agency (SA) Project Area (PA) 1 for administration of the Recognized Obligation Payment
Schedule (ROPS) associated with the former Redevelopment Agency (RDA).
241 Housing Authority Activities of the Housing Authority which is to promote and provide quality affordable housing.
243 RDA Low-Moderate Housing Fund Activities of the Housing Authority which is to promote and provide quality affordable housing.
Accounts for RDA loan repayments (20% for Housing) and housing programs,.
244 Housing Grants Activites related Local Early Action Planning (LEAP) and SB2 grants for housing planning and
development.
247 Economic Development Fund Proceeds from sale of City-owned land; transferred from General Fund for future economic
development.
249 SA 2011 Low/Mod Bond Fund Successor Agency (SA) low/moderate housing fund; 2011 bonds refinanced in 2016.
250 Transportation DIF Fund Developer impact fees collected for specific public improvements - transportation related.
251 Parks & Rec. DIF Fund Developer impact fees collected for specific public improvements - parks and recreation.
252 Civic Center DIF Fund Developer impact fees collected for specific public improvements - Civic Center.
253 Library Development DIF Fund Developer impact fees collected for specific public improvements - library.
254 Community Center DIF Fund Developer impact fees collected for specific public improvements - community center.
255 Street Facility DIF Fund Developer impact fees collected for specific public improvements - streets.
256 Park Facility DIF Fund Developer impact fees collected for specific public improvements - parks.
257 Fire Protection DIF Fund Developer impact fees collected for specific public improvements - fire protection.
270 Art In Public Places Fund Developer fees collected in lieu of art placement; utilized for acquisition, installation and maintenance
of public artworks.
275 LQ Public Safety Officer Fund Annual transfer in from General Fund; distributed to public safety officers disabled or killed in the line
of duty.
299 Interest Allocation Fund Interest earned on investments.
310 LQ Finance Authority Debt Service Fund Accounted for the debt service the Financing Authority’s outstanding debt and any related reporting
requirements. This bond was fully paid in October 2018.
401 Capital Improvement Program Fund Planning, design, and construction of various capital projects throughout the City.
405 SA PA 1 Capital Improvement Fund Successor Agency (SA) Project Area (PA) 1 bond proceeds restricted by the bond indenture covenants.
Used for SilverRock infrastructure improvements.
501 Equipment Replacement Fund Internal Service Fund for vehicles, heavy equipment, and related facilities.
502 Information Technology Fund Internal Service Fund for computer hardware and software and phone systems.
503 Park Equipment & Facility Fund Internal Service Fund for park equipment and facilities.
504 Insurance Fund Internal Service Fund for city-wide insurance coverages.
601 SilverRock Resort Fund Enterprise Fund for activities of the city-owned golf course.
602 SilverRock Golf Reserve Fund Enterprise Fund for golf course reserves for capital improvements.
760 Supplemental Pension Plan (PARS Account)Supplemental pension savings plan for excess retiree benefits to general employees of the City.
761 Other Post Benefit Obligation Trust (OPEB)For retiree medical benefits and unfunded liabilities.
762 Pension Trust Benefit (PARS Account)For all pension-related benefits and unfunded liabilities.
Fund Descriptions
Page 3 of 3
City of La Quinta
FINANCIAL ADVISORY COMMISSION MEETING: August 4, 2021
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT
DATED May 31, 2021
RECOMMENDATION
Receive and file revenue and expenditure report dated May 31, 2021.
EXECUTIVE SUMMARY
•The report summarizes the City’s period and year-to-date (YTD) revenues
and expenditures for May 2021 (Attachment 1).
•These reports are also reviewed by the City Council.
FISCAL IMPACT – None
BACKGROUND/ANALYSIS
Below is a summary of the column headers used on the Revenue and
Expenditure Summary Reports:
Original Total Budget – represents revenue and expenditure budgets the
Council adopted in June 2020 for fiscal year 2020/21.
Current Total Budget – represents original adopted budgets plus any
Council approved budget amendments from throughout the year. The
2019/20 operating and Capital Improvement Project carryovers to
2020/21 have been added to the current budget.
Period Activity – represents actual revenues received and expenditures
outlaid in the reporting month.
Fiscal Activity – represents actual revenues received and expenditures
outlaid YTD.
Variance Favorable/(Unfavorable) - represents the dollar difference
between YTD collections/expenditures and the current budgeted
amount.
Percent Used – represents the percentage activity as compared to
budget YTD.
CONSENT CALENDAR ITEM NO. 3
The revenue report includes revenues and transfers into funds from other
funds (income items). Revenues are not received uniformly throughout the
year, resulting in peaks and valleys. For example, large property tax
payments are usually received in December and May. Similarly,
Redevelopment Property Tax Trust Fund payments are typically received in
January and June. Any timing imbalance of revenue receipts versus
expenditures is funded from the City’s cash flow reserve.
The expenditure report includes expenditures and transfers out to other funds.
Unlike revenues, expenditures are more likely to be consistent from month to
month. However, large debt service payments or CIP expenditures can cause
swings.
Prepared by: Rosemary Hallick, Financial Services Analyst
Approved by: Claudia Martinez, Interim Finance Director
Attachment: 1. Revenue and Expenditure Report for May 31, 2021
MTD YTD
YTD Percent
of Budget
General Fund 5,585,885$ 47,747,969$ 82.77%
All Funds 7,445,754$ 89,168,073$ 51.24%
MTD YTD
YTD Percent
of Budget
General Fund 2,996,799$ 34,143,582$ 50.90%
Payroll - General Fund 618,259$ 8,324,433$ 72.23%
All Funds 4,614,317$ 92,401,654$ 49.02%
May Revenues
May Expenditures
General Fund Non-General Fund
Property Tax 2,199,144$ Lighting and Landscape District Assessments 400,472$
Transient Occupancy (Hotel) Tax 1,344,628$ Public Safety Fund- Transfer In 332,000$
Measure G Sales Tax 924,940$ SilverRock Greens Fees 241,115$
Sales Tax 667,531$ County Sales Tax (Measure A)184,447$
Franchise Fees- Cable Television 157,828$ Road Maintenance Rehabilitationn (SB1) 61,832$
General Fund Non-General Fund
Sheriff Contract (February to March)1,297,032$ Capital Improvement Program (CIP) - Construction(2)394,468$
Transfers Out 632,000$ SilverRock Maintenance 194,805$
Marketing and Tourism Promotions 80,307$ Lighting & Landscape Maintenance 59,858$
Public Works Professional Services (1)38,243$ Vehicles 53,398$
Parks Landscape Maintenance 51,815$ Museum Operations 48,750$
Top Five Revenue/Income Sources for May
Top Five Expenditures/Outlays for May
(2) CIP Construction: SilverRock event site; Washington & Ave 47 re-wire; public safety cameras; north La Quinta landscape
improvements.
(1)National Pollutant Discharge Elimination System (NPDES) stormwater permit fees
For Fiscal: 2020/21 Period Ending: 05/31/2021
Page 1 of 2
Revenue Summary
Fiscal
Activity
Variance
Favorable
(Unfavorable)Fund
Period
Activity
Current
Total Budget
Original
Total Budget
Percent
Used
101 - GENERAL FUND 47,747,9695,585,88550,726,100 57,685,534 -9,937,565 82.77 %
201 - GAS TAX FUND 1,368,96461,8321,778,400 1,791,800 -422,836 76.40 %
202 - LIBRARY & MUSEUM FUND 1,465,948922,808,500 2,807,200 -1,341,252 52.22 %
203 - PUBLIC SAFETY FUND (MEASURE G)344,893332,00010,000 342,000 2,893 100.85 %
210 - FEDERAL ASSISTANCE FUND 175,7660141,900 147,472 28,294 119.19 %
212 - SLESA (COPS) FUND 126,0978,333101,000 101,000 25,097 124.85 %
215 - LIGHTING & LANDSCAPING FUND 1,819,359400,4721,877,000 1,857,100 -37,741 97.97 %
220 - QUIMBY FUND 10,530080,000 80,000 -69,470 13.16 %
221 - AB 939 - CALRECYCLE FUND 42,494076,000 76,000 -33,506 55.91 %
223 - MEASURE A FUND 1,386,444184,4471,319,000 1,519,000 -132,556 91.27 %
224 - TUMF FUND -376000 -376 0.00 %
225 - INFRASTRUCTURE FUND 2090200200 9 104.49 %
226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)9,868012,100 19,700 -9,832 50.09 %
227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)3,19405,000 5,000 -1,806 63.88 %
230 - CASp FUND, AB 1379 15,7781,40418,200 18,200 -2,422 86.69 %
231 - SUCCESSOR AGCY PA 1 RORF 7,280,305020,539,264 20,539,264 -13,258,959 35.45 %
235 - SO COAST AIR QUALITY FUND 26,195053,000 53,000 -26,805 49.42 %
237 - SUCCESSOR AGCY PA 1 ADMIN 12,522013,505 13,505 -983 92.72 %
241 - HOUSING AUTHORITY 2,110,39883,115513,300 1,901,756 208,642 110.97 %
243 - RDA LOW-MOD HOUSING FUND 29,957035,000 35,000 -5,043 85.59 %
244 - HOUSING GRANTS (Multiple)00060,000 -60,000 0.00 %
247 - ECONOMIC DEVELOPMENT FUND 534,860040,000 649,100 -114,240 82.40 %
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)75,6420200,000 201,000 -125,358 37.63 %
250 - TRANSPORTATION DIF FUND 617,70044,099380,000 380,000 237,700 162.55 %
251 - PARKS & REC DIF FUND 277,66323,166304,000 304,000 -26,337 91.34 %
252 - CIVIC CENTER DIF FUND 169,12213,530110,000 112,000 57,122 151.00 %
253 - LIBRARY DEVELOPMENT DIF 52,0034,36745,000 45,000 7,003 115.56 %
254 - COMMUNITY & CULTURAL CENTERS DIF 122,23110,51616,500 76,500 45,731 159.78 %
255 - STREET FACILITY DIF FUND 4,560017,000 2,000 2,560 228.02 %
256 - PARK FACILITY DIF FUND 33307,100 500 -167 66.54 %
257 - FIRE PROTECTION DIF 53,2524,05955,500 55,500 -2,248 95.95 %
270 - ART IN PUBLIC PLACES FUND 139,010445111,000 121,000 18,010 114.88 %
275 - LQ PUBLIC SAFETY OFFICER 2,53002,600 2,600 -70 97.30 %
299 - INTEREST ALLOCATION FUND -213,58155,75700 -213,581 0.00 %
310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,100 1,100 -1,100 0.00 %
401 - CAPITAL IMPROVEMENT PROGRAMS 14,840,665019,058,300 74,218,948 -59,378,283 20.00 %
405 - SA PA 1 CAPITAL IMPRV FUND 36,2330100,000 100,000 -63,767 36.23 %
501 - FACILITY & FLEET REPLACEMENT 712,4360902,500 902,500 -190,064 78.94 %
502 - INFORMATION TECHNOLOGY 1,332,5511,4601,721,500 1,747,300 -414,749 76.26 %
503 - PARK EQUIP & FACILITY FUND 189,0760245,000 245,000 -55,924 77.17 %
504 - INSURANCE FUND 700,9820928,500 928,500 -227,518 75.50 %
601 - SILVERROCK RESORT 4,231,896576,5663,882,100 4,182,100 49,796 101.19 %
602 - SILVERROCK GOLF RESERVE 5,64404,500 4,500 1,144 125.42 %
760 - SUPPLEMENTAL PENSION PLAN 5,99006,500 6,500 -510 92.16 %
761 - CERBT OPEB TRUST 220,623060,000 75,000 145,623 294.16 %
762 - PARS PENSION TRUST 1,080,13754,209300,000 600,000 480,137 180.02 %
Report Total:7,445,754 89,168,073108,606,169 174,013,379 -84,845,306 51.24 %
Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report published annually in December, is the best resource for all final audited numbers.
ATTACHMENT 1
For Fiscal: 2020/21 Period Ending: 05/31/2021
Page 2 of 2
Expenditure Summary
Fiscal
Activity
Variance
Favorable
(Unfavorable)Fund
Period
Activity
Current
Total Budget
Original
Total Budget
Percent
Used
101 - GENERAL FUND 34,143,5822,996,79947,911,600 67,075,553 32,931,971 50.90 %
201 - GAS TAX FUND 912,07358,3521,775,300 2,288,769 1,376,696 39.85 %
202 - LIBRARY & MUSEUM FUND 1,163,589121,8691,715,100 2,318,100 1,154,511 50.20 %
203 - PUBLIC SAFETY FUND (MEASURE G)26,85001,000,000 1,372,296 1,345,446 1.96 %
210 - FEDERAL ASSISTANCE FUND 00141,900 321,339 321,339 0.00 %
212 - SLESA (COPS) FUND 68,8341,273100,000 100,000 31,166 68.83 %
215 - LIGHTING & LANDSCAPING FUND 1,711,526184,0311,876,600 2,126,600 415,074 80.48 %
220 - QUIMBY FUND 520,886002,781,625 2,260,739 18.73 %
221 - AB 939 - CALRECYCLE FUND 33,29027,411100,000 250,000 216,710 13.32 %
223 - MEASURE A FUND 198,81101,263,900 2,455,084 2,256,273 8.10 %
225 - INFRASTRUCTURE FUND 00022,618 22,618 0.00 %
226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)19,629012,000 19,600 -29 100.15 %
227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)6,01805,000 5,000 -1,018 120.36 %
230 - CASp FUND, AB 1379 2,37804,400 4,400 2,022 54.05 %
231 - SUCCESSOR AGCY PA 1 RORF 17,391,63413,2818,405,468 8,405,468 -8,986,166 206.91 %
235 - SO COAST AIR QUALITY FUND 36,02741542,200 48,900 12,873 73.67 %
237 - SUCCESSOR AGCY PA 1 ADMIN 12,755013,505 13,505 750 94.45 %
241 - HOUSING AUTHORITY 991,879102,069822,300 1,270,062 278,183 78.10 %
243 - RDA LOW-MOD HOUSING FUND 300,0000250,000 300,000 0 100.00 %
244 - HOUSING GRANTS (Multiple)26,7770060,000 33,223 44.63 %
247 - ECONOMIC DEVELOPMENT FUND 1,494,37420,00010,000 1,630,500 136,126 91.65 %
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)6,116,79606,185,000 6,185,000 68,204 98.90 %
250 - TRANSPORTATION DIF FUND 743,05601,293,000 1,957,670 1,214,614 37.96 %
251 - PARKS & REC DIF FUND 962,46900959,713 -2,756 100.29 %
253 - LIBRARY DEVELOPMENT DIF 12,143030,000 30,000 17,857 40.48 %
254 - COMMUNITY & CULTURAL CENTERS DIF 000101,639 101,639 0.00 %
256 - PARK FACILITY DIF FUND 0005,600 5,600 0.00 %
270 - ART IN PUBLIC PLACES FUND 63,34511,443110,000 725,700 662,355 8.73 %
310 - LQ FINANCE AUTHORITY DEBT SERVICE 001,100 1,100 1,100 0.00 %
401 - CAPITAL IMPROVEMENT PROGRAMS 16,017,128465,54219,058,300 71,005,842 54,988,714 22.56 %
405 - SA PA 1 CAPITAL IMPRV FUND 3,559,470006,039,155 2,479,685 58.94 %
501 - FACILITY & FLEET REPLACEMENT 433,29680,831902,500 1,144,464 711,167 37.86 %
502 - INFORMATION TECHNOLOGY 1,038,30586,6371,684,200 1,924,200 885,895 53.96 %
503 - PARK EQUIP & FACILITY FUND 139,7772,493595,000 682,986 543,209 20.47 %
504 - INSURANCE FUND 869,989-20827,500 904,500 34,511 96.18 %
601 - SILVERROCK RESORT 3,318,130436,9183,881,500 3,881,500 563,370 85.49 %
760 - SUPPLEMENTAL PENSION PLAN 12,833012,850 12,850 17 99.87 %
761 - CERBT OPEB TRUST 1,23301,500 1,500 267 82.17 %
762 - PARS PENSION TRUST 52,7714,97252,000 52,000 -771 101.48 %
Report Total:4,614,317 92,401,654100,083,723 188,484,838 96,083,184 49.02 %
Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report published annually in December, is the best resource for all final audited numbers.
City of La Quinta
FINANCIAL ADVISORY COMMISSION MEETING: August 4, 2021
STAFF REPORT
AGENDA TITLE: APPOINT A FINANCIAL ADVISORY COMMISSIONER
CHAIRPERSON AND VICE-CHAIRPERSON FOR FISCAL YEAR 2021/22
RECOMMENDATION
Appoint a Financial Advisory Commissioner Chairperson and Vice-Chairperson
to serve for fiscal year 2021/22.
EXECUTIVE SUMMARY
• The August 4, 2021 meeting is the first scheduled meeting of the
Financial Advisory Commission (FAC) for 2021/22.
• Pursuant to La Quinta Code 2.06.050 the FAC, at its first meeting held
after June 30, shall vote to elect one of its members as Chairperson and
elect another as Vice-Chairperson.
FISCAL IMPACT - None.
BACKGROUND/ANALYSIS
In accordance with La Quinta Code 2.06.050, “unless otherwise provided by
law, ordinance or resolution of the city council, each board, commission and
committee shall choose one of its members as Chairperson and one as Vice-
Chairperson at its first meeting held after June 30th of each year.” Pursuant to
this section, staff has placed this item on the agenda for appointment of a
Chairperson and a Vice-Chairperson.
ALTERNATIVES
This action is required by City Code, staff does not recommend an alternative.
Prepared by: Jessica Delgado, Management Assistant
Approved by: Claudia Martinez, Interim Finance Director
BUSINESS SESSION ITEM NO. 1
City of La Quinta
FINANCIAL ADVISORY COMMISSION MEETING
DEPARTMENT REPORT
TO: Members of the Financial Advisory Commission
FROM: Rosemary Hallick, Financial Services Analyst
DATE: August 4, 2021
SUBJECT: FIRST QUARTER 2021 (JANUARY-MARCH) SALES TAX
UPDATE FOR THE CITY OF LA QUINTA
The attached report was prepared by consultants HdL Companies as an update
of sales tax receipts for first quarter sales from January to March 2021.
•La Quinta’s overall adjusted sales tax receipts for major industry groups
increased 5.2%, which compares to Riverside County at 22.7% and the
state at 9.5%.
•The City’s sales-per-capita was higher than both the county and state
averages.
•General consumer goods (such as department stores) made up 35% of
sales tax revenue and 43% of Measure G revenue.
•Autos and transportation made up 10% of sales tax revenue and 15%
of Measure G revenue.
•As in the fourth quarter, the City continues to benefit from increased
online purchasing in the form of an increase in the County pool share,
which was 16% of our sales tax revenue.
The City continuously monitors local development, economic conditions,
impacts on travel and trade, and legislative and judicial news for any potential
changes to sales tax collections. The City’s fiscal year 2020/21 budget was
DEPARTMENTAL REPORT ITEM NO. 1
conservatively forecast based on known information as of Spring 2020, and
has been adjusted twice throughout the year to reflect actual incoming tax
receipts. Year-to-date sales tax collections are trending higher than budget.
The below chart shows collections through March 2021.
Attachment 1: HdL Q1 Sales Tax Update
www.hdlcompanies.com | 888.861.0220
Q1 2020*
Q1 2021*
Legend
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
SALES TAX BY MAJOR BUSINESS GROUP*Allocation aberrations have been adjusted to reflect sales activity
General
Consumer
Goods
Restaurants
and
Hotels
County
and State
Pools
Building
and
Construction
Autos
and
Transportation
Food
and
Drugs
Fuel and
Service
Stations
Business
and
Industry
TOP 25 PRODUCERSCITY OF LA QUINTA HIGHLIGHTS
Published by HdL Companies in Summer 2021
Best Buy
Circle K
Costco
Floor & Decor Outlets
Genesis/Hyundai of La Quinta
Hideaway Club
Hobby Lobby
Home Depot
In N Out Burger
Kohls
La Quinta Chevrolet & Cadillac
La Quinta Resort and PGA West
Lavender Bistro
Lowes
Marshalls
PGA West Private
PGA WEST Private Clubhouse & Golf Courses
Ross
Stater Bros
Target
TJ Maxx
Torre Nissan
Tower Mart
Vons
Walmart Supercenter
SALES TAX UPDATE
CITY OF LA QUINTA
1Q 2021 (JANUARY - MARCH)
La Quinta’s receipts from January through
March were 33.7% above the first sales
period in 2020. Excluding reporting
aberrations, actual sales were up 5.2%.
Retailers in the general consumer goods
group continued to encourage online
ordering and curbside pickup to help
boost sales during reduced in-store
capacity. The home improvement trend
continued to boost sales from building-
construction as consumers focused
on upgrading outdoor spaces, adding
gardens and home offices.
The first quarter of 2021 has resulted
in strong sales for autos-transportation,
despite lower inventories related to a
worldwide semiconductor shortage.
Key markets in the business-industry
sector are recovering and expecting
growth across packaging, infrastructure,
mobility, consumer durables, industrials,
as well as home and personal care.
Riverside County moved into the state’s
less restrictive tier on March 17, 2021,
allowing restaurants to open for in-
person dining that will pull the category
out of its pandemic slump. The City’s
1% transactions and use tax, Measure
G, brought in an additional $3,258,756
in revenue. The City’s share of the
countywide use tax pool increased 9.6%
when compared to the same period in
the prior year.
TOTAL:
14.6%
$3,258,756
Measure G
TOTAL:$ 2,729,577
5.2% 22.7% 9.5%
COUNTY STATE
LA QUINTA
1Q2021
ATTACHMENT 1
TOP NON-CONFIDENTIAL BUSINESS TYPES
Q1 '21*La QuintaBusiness Type Change Change ChangeCountyHdL State
-18.9%-11.1%-14.8% 158.0 Casual Dining
-59.2%-35.2%-2.2% 120.8 Leisure/Entertainment
9.0%23.4%12.0% 98.7 Electronics/Appliance Stores
-4.0%2.4%0.3% 97.5 Service Stations
1.1%14.7%6.8% 78.4 Quick-Service Restaurants
-6.2%-1.7%-6.1% 75.9 Grocery Stores
20.5%32.1%38.8% 71.1 Family Apparel
19.3%31.2%23.2% 69.9 Home Furnishings
9.0%15.2%6.6% 57.9 Specialty Stores
-33.3%-24.8%-26.1% 46.6 Fine Dining
*Allocation aberrations have been adjusted to reflect sales activity *In thousands of dollars
REVENUE BY BUSINESS GROUP
La Quinta This Quarter*
16%
Pools
18%
Restaurants
10%
Autos/Trans.
12%
Building
35%
Cons.Goods
10%
Others
*ADJUSTED FORECONOMIC DATA
SALES TAX UPDATECITY OF LA QUINTA1Q 2021
STATEWIDE RESULTS
The local one cent sales and use tax from
sales occurring January through March, was
9.5% higher than the same quarter one year
ago after factoring for accounting anomalies
and back payments from previous quarters.
The Shelter-In-Place directive began
one year ago which had the impact of
immediate store and restaurant closures
combined with remote/work from home
options for employees which significantly
reduced commuting traffic and fuel sales.
When comparing to current period data,
percentage gains are more dramatic.
Furthermore, this pandemic dynamic
combined with the Governor’s first
Executive Order of last spring allowing for
deferral of sales tax remittances explained
why non-adjusted cash results were
actually up 33%.
These initial recovery gains were not the
same everywhere. Inland regions like
Sacramento, San Joaquin Valley, Sierras,
Far North and the Inland Empire area
of Southern California performed much
stronger than the Bay Area, Central Coast
and metro areas of Southern California.
Within the results, solid performance by
the auto-transportation and building-
construction industries really helped push
receipts higher. Weak inventories and
scarcity for products increased the taxable
price of vehicles (new & used), RV’s, boats
and lumber which appeared to be a major
driving force for these improved returns.
Even though e-commerce sales activity
continued to rise, brick and mortar general
consumer retailers also showed solid
improvement of 11% statewide.
An expected change occurred this quarter
as a portion of use tax dollars previously
distributed through the countywide pools
was redirected to specific local jurisdictions.
Changes in business structure required a
taxpayer to determine where merchandise
was inventoried at the time orders were
made. Therefore, rather than apportion
sales to the county pool representing where
the merchandise was shipped, goods held in
California facilities required allocations be
made to the agency where the warehouse
resides. With this modification, the business
and industry category jumped 18% inclusive
of steady gains by fulfillment centers, medical-
biotech and garden-agricultural suppliers.
Even after the change noted, county pools
surged 18% which demonstrated consumers
continued desire to make purchases online.
Although indoor dining was available in
many counties, the recovery for restaurants
and hotels still lagged other major
categories. Similarly, while commuters and
travelers slowly began returning to the road,
the rebound for gas stations and jet fuel is
trailing as well. Both sectors are expected to
see revenues climb in the coming quarters as
commuters and summer tourism heats up.
Looking ahead, sustained growth is
anticipated through the end of the 2021
calendar year. As a mild head wind, pent
up demand for travel and experiences may
begin shifting consumer dollars away from
taxable goods; this behavior modification
could have a positive outcome for tourist
areas within the state.
City of La Quinta
FINANCIAL ADVISORY COMMISSION MEETING
DEPARTMENT REPORT
TO:
FROM:
DATE:
Members of the Financial Advisory Commission
Rosemary Hallick, Financial Services Analyst
August 4, 2021
SUBJECT: HIGHWAY 111 FORM BASED CODE AND DESIGN - CIP PROJECT 2019-05
UPDATE
_______________________________________________________________
The below report was written by Cheri Flores, Planning Manager, and presented to City
Council on April 4, 2021. In addition, the City Council and Planning Commission held a
joint meeting on May 18, 2021, to discuss the sample Form-Based Code as developed
by the consultants. City Staff is currently working with the consultants to address
comments and input from that meeting, the results of which may be presented to City
Council by year-end.
The Highway 111 Corridor Plan (Plan) seeks to address connectivity, pedestrian- and
bicycle-friendliness, transit, green infrastructure, economic development, and the
retrofitting of the existing suburban fabric. Recommendations from the Plan detail a
strategy for improvements, recognizing the dual functions of moving vehicles and
creating a safe, walkable environment that will lead to increases in economic
competitiveness, neighborhood livability, and sustainability in La Quinta.
In September 2020, Council approved a contract with GHD, Inc. and Lisa Wise
Consulting (LWC) to continue planning efforts for the Highway 111 Corridor (Corridor)
consisting of four phases:
•Phase 1: Form-Based Code (FBC) Assessment
o Provide an overview of what FBC’s are and examples of other cities that
have implemented them successfully.
o Prepare a sample FBC for a portion of the Corridor – the demonstration
site.
•Phase 2: Corridor Design Concept
o Create design concepts for the Corridor including landscape design
guidelines, and considering right of way availability, utility conflicts,
roadway level of service, and business access.
•Optional Phase 3: Active Transportation Program (ATP) Grant Application and
Engineered Plans, Specifications, and Estimates (PS&E) for demonstration project
o Prepare ATP grant application and PS&E for the demonstration project area
identified in Phase 1.
•Optional Phase 4: Highway 111 Corridor Form-Based Code
DEPARTMENTAL REPORT ITEM NO. 2
o Conduct deeper review into the Specific Plans along the Corridor, which
may include maintaining standards we want to keep or removing standards
that do not work.
o Determine the possibility of repealing some or all of the Specific Plans
and/or consolidation utilizing FBC or combination.
o Prepare FBC for the entire Corridor.
Staff worked with the consulting team on Phases 1 and 2. As part of Phase 1, an
educational session was given in a joint meeting of the Council and Planning Commission
in November 2020, including an introduction to form-based code, examples from other
cities where this has been implemented and how it could be used in La Quinta. Council
and the Commission gave feedback which is being incorporated into the preparation of
the sample FBC for the demonstration site, located on the north side of Highway 111,
generally between La Quinta Center Drive and La Quinta Drive (Attachment 1). The
sample FBC will include an overview of the demonstration site (including a summary of
the General Plan, Zoning and Specific Plan that governs the site), summary of suggested
FBC districts, and development standards for height, setbacks, and design. The sample
FBC builds on the existing framework and includes suggestions and interventions that
can be done to guide developers to realize the vision.
For Phase 2, staff is also currently working with the consulting team to develop a set of
design concepts for the Highway 111 roadway. This effort includes an analysis of
existing conditions on the roadway, review of vehicle collision data, traffic counts and
level of service, and bike and pedestrian conditions and comfort levels on the roadway.
Design concepts will be evaluated against these and more performance metrics,
including return on investment. The concepts will seek to implement transportation
corridor improvements that complement the vision for development along Highway 111,
including connections into the demonstration site, the CVLink, and proposed future
multimodal corridors like the Arts & Music Line.
In addition to the planning efforts for the Corridor, staff has been working on the 6th
cycle update to the City’s Housing Element. During this effort, staff has identified
housing inventory sites, as is required for Housing Elements, including three within the
Corridor (Attachment 1). Housing inventory sites are required to be identified to show
that cities can meet their Regional Needs Housing Assessment (RHNA) share given by
the State. These sites were chosen to be included in the inventory because of the ability
to have mixed use in the Corridor area. If sites identified in the inventory are not used
for affordable housing, the City must identify an alternate site which could be available
for the same number of affordable units identified in the housing element for that site.
Staff is continuing to work with the consulting team on the Corridor planning efforts.
Expenditures related to the project are detailed in the Project Activity Report
(Attachment 2) which includes just under $300K in expenditures. Revenue allocations
of Measure G do not yet include the fourth quarter; that entry will be made as part of
the year-end process.
Attachments: 1. Highway 111 Corridor Map
2.Project Activity Report
Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AeroGRID, IGN, and the GIS User
Community
City of La Quinta
Design and Development Department
Highway 111Corridor Map
March 2021
®
Planning Division
Legend
Highway 111 Area Boundary
Phase 1 Demonstration Site
Phase 2 Demonstration Site
Housing Inventory SitesWashington StreetAdams StreetDune Palms RdJefferson StreetHighway 111
CV Link
Westward Ho Dr
Avenue 48
BestBuy
Kohls
Target
Walmart Costco
StaterBros
Lowe's
HomeDepot
CityProperty
ShopoffResidentialProject
PostOffice
Marshalls
Vons
Aldi HobbyLobby
Okura
Smart &Final
Mimi'sDealerships
PlanetFitness
SolaSalons
ATTACHMENT 1
ATTACHMENT 1
Page 1 of 37/28/2021 7:31:34 PM
Project Activity Report
City of La Quinta By Project Number
Report Dates: 07/01/2019 - 07/30/2021
201905 Highway 111 Corridor Area Plan Implementation Fund 401 Construction in Process St Improvements Active
Project Number Project Name Group Type Status
Revenues
Account NameAccount Key Category Total Activity
-67,691.25201905MGMeasure G Funding Measure G - Measure G Funding
ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number
-1,980.00MG 201905 HWY 111 CORRIDOR PLANTransfers In 03/31/2020401-0000-49500
-5,006.25MG 201905 HIGHWAY 111 CORRIDOR AREA PLANTransfers In 06/30/2020401-0000-49500
-6,986.25FY 19/20 Total:
-11,715.00MG 201905 HIGHWAY 111 CORRIDOR AREA PLANTransfers In 09/30/2020401-0000-49500
-41,035.00MG 201905 HIGHWAY 111 CORRIDOR AREA PLANTransfers In 12/31/2020401-0000-49500
-7,955.00MG 201905 HIGHWAY 111 CORRIDOR AREA PLANTransfers In 03/31/2021401-0000-49500
-60,705.00FY 20/21 Total:
Total Revenues:-67,691.25
Expenses
Account NameAccount Key Category Total Activity
255,512.09201905DDesign Expense Design - Design Expense
ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number
8,290.002019-05 HWY 111 CORRIDOR PROJECT (PLAN&ENG)Design 12/18/2020401-0000-60185 151505GHD INC.
25,600.002019-05 HWY 111 CORRIDOR PROJECT (PLAN&ENG)Design 12/18/2020401-0000-60185 153361GHD INC.
78,461.2502/2021 - HWY 111 PLANNING/ ENGINEERING SVCSDesign04/16/2021401-0000-60185 158460GHD INC.
32,923.7512/2020 - HWY 111 PLANNING/ ENGINEERING SVCSDesign04/16/2021401-0000-60185 155454GHD INC.
75,409.8404/2021 - HWY 111 PLANNING/ENGINEERING SVCSDesign06/11/2021401-0000-60185 161990GHD INC.
34,827.2505/2021 - HWY 111 PLANNING/ENGINEERING SVCSDesign06/25/2021401-0000-60185 163575GHD INC.
255,512.09FY 20/21 Total:
42,228.75201905PProfessional Expense Professional - Professional Expense
ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number
1,980.0002/2020 HIGHWAY 111 CORRIDORProfessional Services 03/20/2020401-0000-60103 8 JOB 2019-08NAI CONSULTING INC
825.0003/2020 HIGHWAY 111 CORRIDORProfessional Services 04/24/2020401-0000-60103 9 JOB 2019-08NAI CONSULTING INC
330.0005/2020 HIGHWAY 111 CORRIDORProfessional Services 06/12/2020401-0000-60103 11 JOB 2019-08NAI CONSULTING INC
3,851.2506/2020 HIGHWAY 111 CORRIDORProfessional Services 06/30/2020401-0000-60103 12 JOB 2019-08NAI CONSULTING INC
6,986.25FY 19/20 Total:
9,240.0007/2020 HIGHWAY 111 CORRIDORProfessional Services 09/04/2020401-0000-60103 13 JOB 2019-08NAI CONSULTING INC
2,475.0008/2020 HIGHWAY 111 CORRIDORProfessional Services 09/25/2020401-0000-60103 14 JOB 2019-08NAI CONSULTING INC
2,182.5009/2020 HIGHWAY 111 CORRIDORProfessional Services 10/09/2020401-0000-60103 15 JOB 2019-08NAI CONSULTING INC
ATTACHMENT 2
Report Dates: 07/01/2019 - 07/30/2021Project Activity Report
Page 2 of 37/28/2021 7:31:34 PM
ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number
4,962.5010/2020 HIGHWAY 111 CORRIDORProfessional Services 12/04/2020401-0000-60103 16 JOB 2019-08NAI CONSULTING INC
2,657.50HIGHWAY 111 CORRIDORProfessional Services 01/15/2021401-0000-60103 17 JOB 2019-08NAI CONSULTING INC
720.00HIGHWAY 111 CORRIDORProfessional Services 01/22/2021401-0000-60103 18 JOB 2019-08NAI CONSULTING INC
980.00HIGHWAY 111 CORRIDORProfessional Services 03/05/2021401-0000-60103 19 JOB 2019-08NAI CONSULTING INC
3,597.50HIGHWAY 111 CORRIDORProfessional Services 03/19/2021401-0000-60103 2019-08.20NAI CONSULTING INC
2,072.50HIGHWAY 111 CORRIDORProfessional Services 04/23/2021401-0000-60103 2019-08.21NAI CONSULTING INC
1,657.50HIGHWAY 111 CORRIDORProfessional Services 05/28/2021401-0000-60103 2019-08.22NAI CONSULTING INC
1,850.00HIGHWAY 111 CORRIDORProfessional Services 06/18/2021401-0000-60103 2019-08.23NAI CONSULTING INC
2,847.50HIGHWAY 111 CORRIDORProfessional Services 06/30/2021401-0000-60103 2019-08.24NAI CONSULTING INC
35,242.50FY 20/21 Total:
Total Expenses:297,740.84
230,049.59201905 Total:
Report Dates: 07/01/2019 - 07/30/2021Project Activity Report
Page 3 of 37/28/2021 7:31:34 PM
Summary
Project Name Project Number
Project Summary
Total Revenue Total Expense
Revenue Over/
(Under) Expenses
Highway 111 Corridor Area Plan Implementation201905 67,691.25 297,740.84 -230,049.59
Project Totals:67,691.25 297,740.84 -230,049.59
Group Summary
Group Total Revenue Total Expense
Revenue Over/
(Under) Expenses
Fund 401 Construction in Process 67,691.25 297,740.84 -230,049.59
Group Totals:67,691.25 297,740.84 -230,049.59
Type Summary
Type Total Revenue Total Expense
Revenue Over/
(Under) Expenses
St Improvements 67,691.25 297,740.84 -230,049.59
Type Totals:67,691.25 297,740.84 -230,049.59
POWER POINTS
FAC
MEETING
August 4, 2021
08/04/2021
1
Financial Advisory Commission
Meeting
08/04/2021
1
2
08/04/2021
2
Financial Advisory Commission Meeting
08/04/2021
Business Session Item No. 1
Appoint a Financial Advisory Commissioner
Chairperson and Vice-Chairperson to Serve for
Fiscal Year 2021/22
Past Appointments
Fiscal Year Chairperson Vice
Chairperson
2016/17 George Batavick Jane Johnson
2017/18 George Batavick W. Richard Mills
2018/19 W. Richard Mills Daniel Twohey
2019/20 W. Richard Mills Daniel Twohey
2020/21 W. Richard Mills Daniel Twohey
3
4
08/04/2021
3
Financial Advisory Commission Meeting
08/04/2021
Department Report Item No. 1
First Quarter 2021 (January-March) Sales Tax
Update for the City of La Quinta
Top 25 Business
Sales Tax
Best Buy
Circle K
Costco
Floor & Décor
Hideaway Club
Hobby Lobby
Home Depot
Hyundai/Genesis of La Quinta
In n Out Burger
Kohls
La Quinta Chevrolet & Cadillac
La Quinta Resort & PGA West
Lavender Bistro
Lowes
Marshalls
PGA West Private
PGA West Private Clubhouse & Golf
Ross
Stater Brothers
Target
TJ Maxx
Torre Nissan
Tower Mart
Vons
Walmart
Measure G
Amazon Fulfillment Services
Amazon MFA
Best Buy
Bestbuy Com
CDW Government
Circle K
Costco
Country Club of the Desert
Dept. of Motor Vehicles
Desert European Motorcars
Floor & Décor
Home Depot
Kohls
La Quinta Resort & PGA West
Lowes
Marshalls
Mathis Brothers Furniture
PGA West Private
PGA West Private Clubhouse & Golf
Ross
Target
TJ Maxx
Tower Mart
Vons
Walmart
5
6
08/04/2021
4
The Financial Advisory Commission
Will be having a Special Meeting on
October 6, 2021
7