FY 2024/2025 Budget - Financing AuthorityTHIS PAGE INTENTIONALLY LEFT BLANK
CITY OF LA QUINTA
FINANCE AUTHORITY REVENUE FY 2024/25 ADOPTED BUDGET
2022/23 2023/24 2024/25 2024/25
Actuals Current Proposed Adopted
310 - LQ FINANCE AUTHORITY DEBT SERVICE
0000 - Undesignated
310-0000-42111 Rental Income 907 1,100 1,500 1,500
0000 - Undesignated Totals: 907 1,100 1,500 1,500
310 - LQ FINANCE AUTHORITY DEBT SERVICE Totals:
907 1,100 1,500 1,500
310 Fund is used to account for the debt service that will be used for the principal and interest payments of the Financing
Authority's outstanding debt and any related reporting requirements. The 1996 Civic Center Bond was paid off in October
2018, resulting in savings to the General Fund. An annual State Controller's Report and audit are required.
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CITY OF LA QUINTA
FINANCE AUTHORITY EXPENSES FY 2024/25 ADOPTED BUDGET
2022/23 2023/24 2024/25 2024/25
Actuals Current Proposed Adopted
310 - LQ FINANCE AUTHORITY DEBT SERVICE
0000 - Undesignated
60 - Contract Services
310-0000-60181 Contract Services Fees 907 1,100 1,500 1,500
60 - Contract Services Totals: 907 1,100 1,500 1,500
0000 - Undesignated Totals:
310 - LQ FINANCE AUTHORITY DEBT SERVICE Totals:
907 1,100 1,500 1,500
907 1,100 1,500 1,500
Contract Services Fees: Annual State Controller's report and audit requirement
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