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2025 11 05 FAC Special MeetingFINANCIAL ADVISORY COMMISSION 1 NOVEMBER 5, 2025 SPECIAL MEETING NOTICE AND CALL OF SPECIAL MEETING OF THE LA QUINTA FINANCIAL ADVISORY COMMISSION TO THE MEMBERS OF THE LA QUINTA FINANCIAL ADVISORY COMMISSION AND TO THE COMMISSION SECRETARY: NOTICE IS HEREBY GIVEN that a Special Meeting of the La Quinta Financial Advisory Commission is hereby called to be held on Wednesday, November 5, 2025, commencing at 3:30 p.m. at La Quinta City Hall located at 78495 Calle Tampico, La Quinta, CA 92253 for the following purpose: CONSENT CALENDAR 1. RECEIVE AND FILE SPECIAL MEETING MINUTES DATED SEPTEMBER 11, 2025 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED APRIL 30, 2025 3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JULY 31, 2025 4. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED AUGUST 31, 2025 BUSINESS SESSION 1. APPOINT MEMBERS OF THE FINANCIAL ADVISORY COMMISSION TO SERVE AS CHAIRPERSON AND VICE CHAIRPERSON FOR FISCAL YEAR 2025/26 DEPARTMENTAL REPORTS 1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES 2. SALES TAX UPDATE – SECOND QUARTER 2025 (APRIL - JUNE) Dated: October 30, 2025 /s/ Keith Dorsey KEITH DORSEY, Chairperson FINANCIAL ADVISORY COMMISSION 2 NOVEMBER 5, 2025 SPECIAL MEETING Attest: AMANDA GUERRERO, Commission Secretary DECLARATION OF POSTING I, Amanda Guerrero, Commission Secretary do hereby declare that the foregoing notice for the La Quinta Financial Advisory Commission Special Meeting of November 11, 2025, was published on the City’s website in the “Calendar / Public Meetings” direct icon link from the City’s home page, and posted at the following freely accessible bulletin boards to members of the public, located near the entrance to the Council Chamber at 78495 Calle Tampico and the La Quinta Post Office at 51321 Avenida Bermudas, on October 30, 2025. AMANDA GUERRERO, Commission Secretary FINANCIAL ADVISORY COMMISSION Page 1 of 4 NOVEMBER 5, 2025 SPECIAL MEETING – AGENDA FINANCIAL ADVISORY COMMISSION AGENDA CITY HALL COUNCIL CHAMBER 78495 Calle Tampico, La Quinta SPECIAL MEETING WEDNESDAY, NOVEMBER 5, 2025, AT 3:30 P.M. Members of the public may listen to this meeting by tuning-in live via www.laquintaca.gov/livemeetings. CALL TO ORDER Roll Call: Commissioners Anderson, Kiehl, Lee, Mast, Niblo, Way, and Chair Dorsey PLEDGE OF ALLEGIANCE PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the Commission on any matter not listed on the agenda pursuant to the “Public Comments – Instructions” listed at the end of the agenda. 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 the Brown Act [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. PAGE 5 9 Financial Advisory Commission agendas and staff reports are now available on the City’s web page: www.laquintaca.gov 1.FILE SPECIAL MEETING MINUTES DATED RECEIVE AND SEPTEMBER 11, 2025 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED APRIL 30, 2025 FINANCIAL ADVISORY COMMISSION Page 2 of 4 NOVEMBER 5, 2025 SPECIAL MEETING – AGENDA 15 21 BUSINESS SESSION PAGE 1. APPOINT MEMBERS OF THE FINANCIAL ADVISORY COMMISSION TO SERVE AS CHAIRPERSON AND VICE CHAIRPERSON FOR FISCAL YEAR 2025/26 27 STUDY SESSION – None DEPARTMENTAL REPORTS PAGE 29 1.FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES 2.SALES TAX UPDATE – SECOND QUARTER 2025 (APRIL - JUNE)39 COMMISSIONERS’ ITEMS ADJOURNMENT The Commission’s regular quarterly meeting of November 12, 2025, has been cancelled. The next Commission special meeting will be held on December 3, 2025, commencing at 3:30 p.m. at the La Quinta City Hall Council Chamber, 78495 Calle Tampico, La Quinta, CA 92253. DECLARATION OF POSTING I, Amanda Guerrero, Secretary of the Financial Advisory Commission of the City of La Quinta, do hereby declare that the foregoing Agenda for the special Commission meeting of November 5, 2025, was published on the City’s website in the “Calendar / Public Meetings” direct icon link from the City’s home page, and posted at the following freely accessible bulletin boards to members of the public, located near the entrance to the Council Chamber at 78495 Calle Tampico and the La Quinta Post Office at 51321 Avenida Bermudas, on October 30, 2025. DATED: October 30, 2025 Amanda Guerrero, Commission Secretary City of La Quinta, California 3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JULY 31, 2025 4. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED AUGUST 31, 2025 FINANCIAL ADVISORY COMMISSION Page 3 of 4 NOVEMBER 5, 2025 SPECIAL MEETING – AGENDA Public Notices  Agenda packet materials are available for public inspection: 1) at the Clerk’s Office at La Quinta City Hall, located at 78495 Calle Tampico, La Quinta, California 92253; and 2) on the City’s website at https://www.laquintaca.gov/our-city/city-government/boards-and- commissions/financial-advisory-commission in accordance with the Brown Act [Government Code § 54957.5; AB 2647 (Stats. 2022, Ch. 971)].  The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed for the hearing impaired, please contact Commission Secretary at (760) 777-7055, 24- hours in advance of the meeting and accommodations will be made.  If background material is to be presented to the Commission during a Commission meeting, please be advised that 15 copies of all documents, exhibits, etc., must be supplied to the Commission Secretary for distribution. It is requested that this takes place prior to the beginning of the meeting. PUBLIC COMMENTS – INSTRUCTIONS Members of the public may address the Commission on any matter listed or not listed on the agenda as follows: WRITTEN PUBLIC COMMENTS can be provided either in-person during the meeting by submitting 15 copies to the Commission Secretary, it is requested that this takes place prior to the beginning of the meeting; or can be emailed in advance to CMartinez@LaQuintaCA.gov, no later than 12:00 p.m., on the day of the meeting. Written public comments will be distributed to the Commission, made public, and will be incorporated into the public record of the meeting, but will not be read during the meeting unless, upon the request of the Chair, a brief summary of public comments is asked to be reported. If written public comments are emailed, the email subject line must clearly state “Written Comments” and should include: 1) full name, 2) city of residence, and 3) subject matter . VERBAL PUBLIC COMMENTS can be provided in-person during the meeting by completing a “Request to Speak” form and submitting it to the Commission Secretary; it is requested that this takes place prior to the beginning of the meeting. Please limit your comments to three (3) minutes (or approximately 350 words). Members of the public shall be called upon to speak by the Chair. In accordance with City Council Resolution No. 2022-028, a one-time additional speaker time donation of three (3) minutes per individual is permitted; please note that the member of the public donating time must: 1) submit this in writing to the Commission Secretary by completing a “Request to Speak” form noting the name of the person to whom time is being donated to, and 2) be present at the time the speaker provides verbal comments. Verbal public comments are defined as comments provided in the speakers’ own voice and may not include video or sound recordings of the speaker or of other individuals or entities, unless permitted by the Chair. Public speakers may elect to use printed presentation materials to aid their comments; 15 copies of such printed materials shall be provided to the Commission Secretary to be disseminated to the Commission, made public, and incorporated into the public record of the meeting; it is requested that the printed materials are provided prior to the beginning of the meeting. There shall be no use FINANCIAL ADVISORY COMMISSION Page 4 of 4 NOVEMBER 5, 2025 SPECIAL MEETING – AGENDA of Chamber resources and technology to display visual or audible presentations during public comments, unless permitted by the Chair. All writings or documents, including but not limited to emails and attachments to emails, submitted to the City regarding any item(s) listed or not listed on this agenda are public records. All information in such writings and documents is subject to disclosure as being in the public domain and subject to search and review by electronic means, including but not limited to the City’s Internet Web site and any other Internet Web-based platform or other Web-based form of communication. All information in such writings and documents similarly is subject to disclosure pursuant to the California Public Records Act [Government Code § 7920.000 et seq.]. TELECONFERENCE ACCESSIBILITY – INSTRUCTIONS Teleconference accessibility may be triggered in accordance with AB 2449 (Stats. 2022, Ch. 285), codified in the Brown Act [Government Code § 54953], if a member of the Financial Advisory Commission requests to attend and participate in this meeting remotely due to “just cause” or “emergency circumstances,” as defined, and only if the request is approved. In such instances, remote public accessibility and participation will be facilitated via Zoom Webinar as detailed at the end of this Agenda. *** TELECONFERENCE PROCEDURES*** APPLICABLE ONLY WHEN TELECONFERENCE ACCESSIBILITY IS IN EFFECT Pursuant to Government Code § 54953(f) [AB 2449, Stats. 2022, Ch. 285, Rubio]. Verbal public comments via Teleconference – members of the public may attend and participate in this meeting by teleconference via Zoom and use the “raise your hand” feature when public comments are prompted by the 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/they to speak on the item(s) requested. Please note – members of the public must unmute themselves when prompted upon being recognized by the Chair, in order to become audible to the Commission and the public. Only one person at a time may speak by teleconference and only after being recognized by the Chair. ZOOM LINK: https://us06web.zoom.us/j/88165609917 Meeting ID: 881 6560 9917 Or join by phone: (253) 215 – 8782 Written public comments – can be provided in person during the meeting or emailed to CMartinez@LaQuintaCA.gov any time prior to the adjournment of the meeting, and will be distributed to the Commission, made public, incorporated into the public record of the meeting, and will not be read during the meeting unless, upon the request of the Chair, a brief summary of any public comment is asked to be read, to the extent the Committee can accommodate such request. FINANCIAL ADVISORY COMMISSION Page 1 of 3 SEPTEMBER 11, 2025 SPECIAL MEETING – MINUTES FINANCIAL ADVISORY COMMISSION SPECIAL MEETING MINUTES THURSDAY, SEPTEMBER 11, 2025 CALL TO ORDER A special meeting of the La Quinta Financial Advisory Commission (Commission) was called to order at 3:30 p.m. by Vice Chair Anderson. PRESENT: Commissioners Kiehl, Lee, Niblo, and Vice Chair Anderson ABSENT: Commissioners Mast, Way, and Chair Dorsey PLEDGE OF ALLEGIANCE Commissioner Kiehl led the audience in the Pledge of Allegiance. Finance Director Martinez asked for a moment of silence in memory and honor of former Commissioner Richard “Dick” Mills, and highlighted Mr. Mills’ many contributions to the City, and dedicated public service to the La Quinta community. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CONFIRMATION OF AGENDA Finance Director Martinez requested Business Session Item No. 1 be pulled from the agenda due to the absence of several Commissioners, and noted the item will be rescheduled for consideration at the November 5, 2025, special meeting. The Commission concurred. ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS 1. INTRODUCE NEWLY APPOINTED COMMISSIONER PHILLIP NIBLO Vice Chair Anderson introduced newly appointed Commissioner Phillip Niblo, who provided a brief history of his background, experience and qualifications. The Commissioners each provided brief overviews of their professional backgrounds and welcomed Commissioner Niblo. CONSENT CALENDAR ITEMS 1. RECEIVE AND FILE SPECIAL MEETING MINUTES DATED JUNE 4, 2025 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MAY 31, 2025 CONSENT CALENDAR ITEM NO. 1 5 FINANCIAL ADVISORY COMMISSION Page 2 of 3 SEPTEMBER 11, 2025 SPECIAL MEETING – MINUTES MOTION – A motion was made and seconded by Commissioners Kiehl/Lee to approve the Consent Calendar as presented. Motion passed: ayes – 4, noes – 0, abstain – 0, absent – 3 (Dorsey, Mast, and Way). BUSINESS SESSION 1. Pulled from the Agenda by staff as noted during Confirmation of Agenda >>> APPOINT MEMBERS OF THE FINANCIAL ADVISORY COMMISSION TO SERVE AS CHAIRPERSON AND VICE CHAIRPERSON FOR FISCAL YEAR 2025/26 2. APPOINT MEMBERS OF THE FINANCIAL ADVISORY COMMISSION TO SERVE ON THE MEASURE G SALES TAX OVERSIGHT COMPLIANCE SUBCOMMITTEE (SUBCOMMITTEE) TO AUDIT AND FORMULATE THE ANNUAL MEASURE G SALES TAX OVERSIGHT COMPLIANCE REPORT FOR FISCAL YEAR 2024/25 Finance Director Martinez presented the staff report, which is on file in the Finance Department, and noted that Commissioners Dorsey and Mast requested consideration for appointment to the subcommittee. The Commission discussed appointing three members to the subcommittee and reached a consensus to appoint Vice Chair Anderson, Chair Dorsey, and Commissioner Mast. MOTION – A motion was made and seconded by Commissioners Lee/Kiehl to appoint Vice Chair Anderson, Chair Dorsey, and Commissioner Mast to serve on the Measure G Sales Tax Oversight Compliance Subcommittee to audit and formulate the annual Measure G Sales Tax Oversight Compliance Report for Fiscal Year 2024/25. Motion passed: ayes – 4, noes – 0, abstain – 0, absent – 3 (Dorsey, Mast, and Way). 3. RECEIVE AND FILE FOURTH QUARTER FISCAL YEAR 2024/25 TREASURY REPORTS FOR APRIL, MAY, AND JUNE 2025 Principal Management Analyst Hallick presented the staff report, which is on file in the Finance Department. The Commission discussed the California Asset Management Program (CAMP) Board of Trustees oversight and fund safety; conservative investment strategies used in the Public Agency Retirement Services (PARS) Trust and Other Post-Employment Benefits (OPEB) Money Market Accounts Trusts; the potential to evaluate alternative trust providers to compare fees and returns; and possibly reducing or reallocating trust balances to improve future earnings. MOTION – A motion was made and seconded by Commissioners Kiehl/Niblo to receive and file the fourth quarter fiscal year 2024/25 treasury reports for April, May, and June 6 FINANCIAL ADVISORY COMMISSION Page 3 of 3 SEPTEMBER 11, 2025 SPECIAL MEETING – MINUTES 2025, as presented. Motion passed: ayes – 4, noes – 0, abstain – 0, absent – 3 (Dorsey, Mast, and Way). STUDY SESSION – None DEPARTMENTAL REPORTS 1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES Finance Director Martinez provided updates on current and upcoming Finance Department initiatives, noting the City’s comprehensive audit for fiscal year (FY) 2024/25 will be conducted from September 15 through October 2, 2025; the Street and Road Improvement Audit and Measure A Local Streets and Road Audit for FY 2024/25 will take place in November 2025; the Financial Projections Task Force is updating FY 2025/26 budget data in the City’s financial forecasting software, TrueComp (formerly GovInvest); and staff is exploring training opportunities with the City’s auditing firm, Lance Soll & Lunghard, LLP (LSL). Staff highlighted major City projects, including the Highway 111 Corridor Specific Plan, and potential Imperial Irrigation District (IID) substation upgrades, noting that cost and revenue updates will be provided to the Commission when available. 2. FIRST QUARTER 2025 (JANUARY – MARCH) SALES TAX UPDATE Staff provided an update on first quarter 2025 sales tax and Measure G revenues, including major industry group performance, top 25 revenue-generating businesses, and explained the difference between sales tax and Measure G allocations. The Commission commended the City for effective public communication and minimizing business impacts during construction of the Highway 111 pavement rehabilitation project. COMMISSIONERS’ ITEMS Commissioner Kiehl suggested the City possibly review its term limit restrictions to ensure retention of experienced and qualified members on City Boards and Commissions, and avoid multiple concurrent term expirations. ADJOURNMENT There being no further business, it was moved and seconded by Commissioners Kiehl/Lee to adjourn this meeting at 4:40 p.m., in honor of former Commissioner Mills. Motion passed: ayes – 4, noes – 0, abstain – 0, absent – 3 (Dorsey, Mast, and Way). Respectfully submitted, Amanda Guerrero, Commission Secretary City of La Quinta, California 7 8 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: November 5, 2025 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED APRIL 30, 2025 RECOMMENDATION Receive and file revenue and expenditure report dated April 30, 2025. EXECUTIVE SUMMARY The report summarizes the City’s year-to-date (YTD) and month-to-date (MTD) revenues and expenditures for April 2025 (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 2024 for fiscal year 2024/25. Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year, including any carryovers from fiscal year 2023/24. 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 9 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. 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, Principal Management Analyst Approved by: Claudia Martinez, Finance Director/City Treasurer Attachment: 1. Revenue and Expenditure Report for April 30, 2025 MTD YTD YTD Percent of Budget YTD YTD Percent of Budget General Fund (GF)$6,132,340 $59,377,516 67.17% $53,310,408 67.30% All Funds $7,715,810 $97,359,137 44.41% $106,002,866 53.27% MTD YTD YTD Percent of Budget YTD YTD Percent of Budget General Fund $3,424,125 $44,859,189 41.89% $45,784,630 45.05% Payroll (GF)$917,853 $9,588,193 67.86%$9,612,612 71.79% All Funds $7,144,555 $98,918,964 40.74% $102,179,371 43.66% April 2025 Expenditures Comparison to 2024 April 2025 Revenues Comparison to 2024 General Fund Non-General Fund Transient Occupancy (Hotel) Tax 2,329,549$ Allocated Interest 676,500$ Measure G Sales Tax 1,243,267$ SilverRock Green Fees 356,909$ Sales Tax 1,027,820$ Gas Tax Fund 164,882$ Property Tax 863,209$ County Sales Tax (Measure A)130,262$ SoCal Gas Franchise Fees 200,106$ Housing Authority Rent Revenue 85,808$ General Fund Non-General Fund Sheriff Contract (February)1,157,444$ Capital Improvement Program - Construction(1)2,570,717$ Visit Greater Palm Springs 98,443$ SilverRock Maintenance 191,972$ X-Park Programming 92,743$ Tree Maintenance/Palm Trees 191,250$ Marketing and Tourism Promotions 81,744$ Capital Improvement Program - Design(2)93,607$ Contract Legal Services 65,238$ Housing Authority Rental Expenses 60,848$ Top Five Revenue/Income Sources for April Top Five Expenditures/Outlays for April (1)CIP Construction: Dune Palms bridge; Fritz Burns Park (2)CIP Design: Maintenance & Operations yard; city-wide irrigation upgrades 10 Page 1 of 3 City Council Month Expense & Revenue Report Group Summary For Fiscal: 2024/25 Period Ending: 04/30/2025 Fiscal Activity Variance Favorable (Unfavorable) Period Activity Current Total Budget Original Total Budget Percent Used 44,859,189.313,424,124.9383,331,665.00 107,098,184.50 62,238,995.19 41.89% 4,993,504.000.000.00 4,993,504.00 0.00 100.00% 2,058,784.9844,278.913,443,100.00 5,749,202.40 3,690,417.42 35.81% 1,158,725.8516,426.712,555,615.00 5,010,359.92 3,851,634.07 23.13% 0.000.000.00 20,375.54 20,375.54 0.00% 13,915.0013,915.00198,500.00 198,500.00 184,585.00 7.01% 93,344.25148.42100,000.00 100,000.00 6,655.75 93.34% 3,024,397.48296,858.483,957,700.00 4,532,700.00 1,508,302.52 66.72% 0.000.000.00 262,685.00 262,685.00 0.00% 73,151.156,330.00200,000.00 200,000.00 126,848.85 36.58% 149,016.820.002,335,000.00 4,456,986.26 4,307,969.44 3.34% 11,373.330.0012,000.00 12,000.00 626.67 94.78% 4,204.200.005,000.00 5,000.00 795.80 84.08% 822.400.005,500.00 5,500.00 4,677.60 14.95% 16,681,324.790.004,452,755.00 4,452,755.00 -12,228,569.79 374.63% 13,987.880.0040,000.00 40,000.00 26,012.12 34.97% 5,655.004,055.0010,000.00 10,000.00 4,345.00 56.55% 1,256,717.19104,593.921,715,440.00 1,965,440.00 708,722.81 63.94% 300,800.000.00250,000.00 350,000.00 49,200.00 85.94% 5,170.74179.2131,500.00 31,500.00 26,329.26 16.42% 746,407.310.00250,000.00 657,003.00 -89,404.31 113.61% 400,453.500.001,579,109.00 2,837,567.34 2,437,113.84 14.11% 62,573.440.000.00 843,615.24 781,041.80 7.42% 0.000.000.00 249,925.00 249,925.00 0.00% 5,617.000.0015,000.00 15,000.00 9,383.00 37.45% 0.000.00500,000.00 625,000.00 625,000.00 0.00% 0.000.00100,000.00 280,000.00 280,000.00 0.00% 119,177.9820,876.04233,000.00 741,798.97 622,620.99 16.07% 0.000.001,500.00 1,500.00 1,500.00 0.00% 13,458,316.392,666,526.8727,218,109.00 80,726,565.86 67,268,249.47 16.67% 1,456,376.4729,526.361,628,750.00 2,665,363.55 1,208,987.08 54.64% 1,758,196.1668,994.623,217,945.00 3,367,945.00 1,609,748.84 52.20% 698,073.9214,885.212,000,000.00 2,700,000.00 2,001,926.08 25.85% 1,046,501.82247.821,058,000.00 1,058,000.00 11,498.18 98.91% 4,420,854.53429,736.305,365,000.00 6,515,000.00 2,094,145.47 67.86% 12,832.860.0012,850.00 12,850.00 17.14 99.87% 1,184.340.001,500.00 1,500.00 315.66 78.96% Fund 101 - GENERAL FUND 105 - DISASTER RECOVERY FUND 201 - GAS TAX FUND 202 - LIBRARY & MUSEUM FUND 203 - PUBLIC SAFETY FUND (MEASURE G) 210 - FEDERAL ASSISTANCE FUND 212 - SLESA (COPS) FUND 215 - LIGHTING & LANDSCAPING FUND 220 - QUIMBY FUND 221 - AB 939 - CALRECYCLE FUND 223 - MEASURE A FUND 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG) 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP) 230 - CASp FUND, AB 1379 231 - SUCCESSOR AGCY PA 1 RORF 235 - SO COAST AIR QUALITY FUND 237 - SUCCESSOR AGCY PA 1 ADMIN 241 - HOUSING AUTHORITY 243 - RDA LOW-MOD HOUSING FUND 247 - ECONOMIC DEVELOPMENT FUND 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) 250 - TRANSPORTATION DIF FUND 251 - PARKS & REC DIF FUND 252 - CIVIC CENTER DIF FUND 253 - LIBRARY DEVELOPMENT DIF 254 - COMMUNITY & CULTURAL CENTERS DIF 259 - MAINTENANCE FACILITIES DIF FUND 270 - ART IN PUBLIC PLACES FUND 310 - LQ FINANCE AUTHORITY DEBT SERVICE 401 - CAPITAL IMPROVEMENT PROGRAMS 501 - FACILITY & FLEET REPLACEMENT 502 - INFORMATION TECHNOLOGY 503 - PARK EQUIP & FACILITY FUND 504 - INSURANCE FUND 601 - SILVERROCK RESORT 760 - SUPPLEMENTAL PENSION PLAN 761 - CERBT OPEB TRUST 762 - PARS PENSION TRUST 28,314.332,851.4430,000.00 30,000.00 1,685.67 94.38% Report Total:7,144,555.24 98,918,964.42145,854,538.00 242,823,326.58 143,904,362.16 40.74% ATTACHMENT 1 11 Page 2 of 3 City Council Month Expense & Revenue Report Group Summary For Fiscal: 2024/25 Period Ending: 04/30/2025 Fiscal Activity Variance Favorable (Unfavorable) Period Activity Current Total Budget Original Total Budget Percent Used 59,377,515.756,132,339.7182,714,300.00 88,402,804.00 -29,025,288.25 67.17% 79,148.980.0030,000.00 30,000.00 49,148.98 263.83% 2,049,311.25164,881.832,589,000.00 2,589,000.00 -539,688.75 79.15% 1,986,088.57671.253,143,000.00 3,143,000.00 -1,156,911.43 63.19% 1,449.750.005,000.00 5,000.00 -3,550.25 29.00% 17.160.00190,000.00 190,000.00 -189,982.84 0.01% 157,282.748,333.33103,000.00 103,000.00 54,282.74 152.70% 3,073,925.220.004,000,500.00 4,000,500.00 -926,574.78 76.84% 49,819.903,840.4080,000.00 80,000.00 -30,180.10 62.27% 1,260,034.50130,262.222,025,000.00 2,025,000.00 -764,965.50 62.22% 0.000.0013,000.00 13,000.00 -13,000.00 0.00% 0.000.005,500.00 5,500.00 -5,500.00 0.00% 14,868.05932.0021,000.00 21,000.00 -6,131.95 70.80% 5,171,339.39415.7720,260,000.00 20,260,000.00 -15,088,660.61 25.52% 26,211.280.0054,500.00 54,500.00 -28,288.72 48.09% 1,483.750.0013,820.00 13,820.00 -12,336.25 10.74% 1,098,107.0885,808.121,452,000.00 1,452,000.00 -353,892.92 75.63% 31,085.010.0060,000.00 60,000.00 -28,914.99 51.81% 36,434.622,500.0040,000.00 40,000.00 -3,565.38 91.09% 79,607.360.0018,000.00 18,000.00 61,607.36 442.26% 434,962.9712,027.00540,000.00 540,000.00 -105,037.03 80.55% 117,695.806,318.00253,000.00 253,000.00 -135,304.20 46.52% 88,446.963,690.00103,000.00 103,000.00 -14,553.04 85.87% 19,850.001,191.0050,000.00 50,000.00 -30,150.00 39.70% 56,323.522,868.00105,000.00 105,000.00 -48,676.48 53.64% 27,002.701,107.0053,000.00 53,000.00 -25,997.30 50.95% 29,514.48939.0047,000.00 47,000.00 -17,485.52 62.80% 131,200.073,317.89158,000.00 158,000.00 -26,799.93 83.04% 4,835,065.74676,499.870.00 0.00 4,835,065.74 0.00% -1.100.001,500.00 1,500.00 -1,501.10 0.07% 6,885,702.6138,958.9227,218,109.00 82,703,042.06 -75,817,339.45 8.33% 1,162,291.010.001,705,000.00 1,705,000.00 -542,708.99 68.17% 2,397,061.449,813.732,276,708.00 2,276,708.00 120,353.44 105.29% 767,271.220.00500,000.00 500,000.00 267,271.22 153.45% 1,023,025.150.001,363,230.00 1,363,230.00 -340,204.85 75.04% 4,471,596.35409,975.665,484,500.00 6,634,500.00 -2,162,903.65 67.40% 5,451.510.007,000.00 7,000.00 -1,548.49 77.88% 100,199.890.0040,000.00 40,000.00 60,199.89 250.50% Fund 101 - GENERAL FUND 105 - DISASTER RECOVERY FUND 201 - GAS TAX FUND 202 - LIBRARY & MUSEUM FUND 203 - PUBLIC SAFETY FUND (MEASURE G) 210 - FEDERAL ASSISTANCE FUND 212 - SLESA (COPS) FUND 215 - LIGHTING & LANDSCAPING FUND 221 - AB 939 - CALRECYCLE FUND 223 - MEASURE A FUND 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG) 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP) 230 - CASp FUND, AB 1379 231 - SUCCESSOR AGCY PA 1 RORF 235 - SO COAST AIR QUALITY FUND 237 - SUCCESSOR AGCY PA 1 ADMIN 241 - HOUSING AUTHORITY 243 - RDA LOW-MOD HOUSING FUND 247 - ECONOMIC DEVELOPMENT FUND 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) 250 - TRANSPORTATION DIF FUND 251 - PARKS & REC DIF FUND 252 - CIVIC CENTER DIF FUND 253 - LIBRARY DEVELOPMENT DIF 254 - COMMUNITY & CULTURAL CENTERS DIF 257 - FIRE PROTECTION DIF 259 - MAINTENANCE FACILITIES DIF FUND 270 - ART IN PUBLIC PLACES FUND 299 - INTEREST ALLOCATION FUND 310 - LQ FINANCE AUTHORITY DEBT SERVICE 401 - CAPITAL IMPROVEMENT PROGRAMS 501 - FACILITY & FLEET REPLACEMENT 502 - INFORMATION TECHNOLOGY 503 - PARK EQUIP & FACILITY FUND 504 - INSURANCE FUND 601 - SILVERROCK RESORT 760 - SUPPLEMENTAL PENSION PLAN 761 - CERBT OPEB TRUST 762 - PARS PENSION TRUST 312,746.6919,119.29200,000.00 200,000.00 112,746.69 156.37% Report Total:7,715,809.99 97,359,137.37156,922,667.00 219,246,104.06 -121,886,966.69 44.41% Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited numbers. 12 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. 105 Disaster Recovery Fund Accounts for use of one-time federal funding designed to deliver relief to American workers and aid in the economic recovery iin the wake of COVID-19. The American Rescue Plan Act (ARPA) was passed by Congress in 2021 to provide fiscal recovery funds to state and local governments. 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 and transfers 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. 259 Maintenance Facilities DIF Fund Developer impact fees collected for specific public improvements - maintenance facilities. 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 13 14 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: November 5, 2025 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JULY 31, 2025 RECOMMENDATION Receive and file revenue and expenditure report dated July 31, 2025. EXECUTIVE SUMMARY The report summarizes the City’s year-to-date (YTD) and month-to-date (MTD) revenues and expenditures for July 2025 (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 2025 for fiscal year 2025/26. Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year. The 2024/25 operating and Capital Improvement Project carryovers to 2025/26 will be processed after the year- end audit is completed. 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 15 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. 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, Principal Management Analyst Approved by: Claudia Martinez, Finance Director/City Treasurer Attachment: 1. Revenue and Expenditure Report for July 31, 2025 MTD YTD Percent of Budget YTD Percent of Budget General Fund (GF) 403,923$ 403,923$ 0.44% 855,869$ 1.03% All Funds 749,010$ 749,010$ 0.44% 2,014,774$ 1.28% MTD YTD Percent of Budget YTD Percent of Budget General Fund 757,288$ 757,288$ 0.82% 702,476$ 0.84% Payroll (GF)362,422$ 362,422$ 2.38% 492,338$ 3.48% All Funds 2,657,155$ 2,657,155$ 1.70% 2,328,761$ 1.60% July 2025 Revenues Comparison to 2024 July 2025 Expenditures Comparison to 2024 General Fund Non-General Fund STVR Registration Fee 80,650$ Allocated Interest 236,922$ Building Plan Check Fees 74,263$ Developer Impact Fees- Transportation 67,703$ Burrtec Administrative Cost Reimb.70,547$ Developer Impact Fees- Parks & Rec 25,272$ Public Works Development Plan Check Fees 60,409$ Technology Enhancement Surcharge 17,498$ Building Permits 57,700$ Developer Impact Fees- Civic Center 16,030$ General Fund Non-General Fund X-Park Programming 103,994$ Liability Insurance 469,820$ Visit Greater Palm Springs 86,309$ Software Licenses(1)392,444$ Professional Services 55,547$ Homelessness Assistance 375,000$ Membership Dues 33,301$ Workers Comp Insurance 302,846$ Community Experiences 25,165$ SilverRock Maintenance 119,774$ Top Five Revenue/Income Sources for July Top Five Expenditures/Outlays for July (1)ClearGov budgeting, Tyler business license and permits, Microsoft Office, Zoom phones, LaserFiche, Carahsoft asset management, Granicus website hosting, NeoGov HR, Aurigo, Tracker treasury reporting. 16 Page 1 of 3 City Council Month Revenue Report Group Summary For Fiscal: 2025/26 Period Ending: 07/31/2025 Fiscal Activity Variance Favorable (Unfavorable) Period Activity Current Total Budget Original Total Budget Percent Used 403,923.24403,923.2492,242,254.00 92,242,254.00 -91,838,330.76 0.44% -5,164.70-5,164.70172,000.00 172,000.00 -177,164.70 3.00% -2,680.61-2,680.613,217,705.00 3,217,705.00 -3,220,385.61 0.08% -12,226.29-12,226.294,420,000.00 4,420,000.00 -4,432,226.29 0.28% -178.20-178.206,000.00 6,000.00 -6,178.20 2.97% 0.000.00160,100.00 160,100.00 -160,100.00 0.00% -656.77-656.77121,000.00 121,000.00 -121,656.77 0.54% -501.63-501.633,862,100.00 3,862,100.00 -3,862,601.63 0.01% -622.65-622.6591,000.00 91,000.00 -91,622.65 0.68% -4,271.40-4,271.401,900,000.00 1,900,000.00 -1,904,271.40 0.22% 0.000.0010,000.00 10,000.00 -10,000.00 0.00% 0.000.005,400.00 5,400.00 -5,400.00 0.00% 1,421.451,421.4524,000.00 24,000.00 -22,578.55 5.92% 0.000.0020,333,000.00 20,333,000.00 -20,333,000.00 0.00% -139.45-139.4557,000.00 57,000.00 -57,139.45 0.24% -184.15-184.1512,320.00 12,320.00 -12,504.15 1.49% -10,629.77-10,629.771,666,000.00 1,666,000.00 -1,676,629.77 0.64% -4,495.49-4,495.49130,000.00 130,000.00 -134,495.49 3.46% -149.60-149.60109,000.00 109,000.00 -109,149.60 0.14% 0.000.0086,000.00 86,000.00 -86,000.00 0.00% 62,240.9462,240.94579,000.00 579,000.00 -516,759.06 10.75% 23,776.7523,776.75203,000.00 203,000.00 -179,223.25 11.71% 14,211.4114,211.41160,000.00 160,000.00 -145,788.59 8.88% 4,764.004,764.0030,500.00 30,500.00 -25,736.00 15.62% 10,670.5710,670.5795,000.00 95,000.00 -84,329.43 11.23% 4,175.664,175.6651,000.00 51,000.00 -46,824.34 8.19% 4,764.054,764.0547,000.00 47,000.00 -42,235.95 10.14% 8,151.638,151.63181,000.00 181,000.00 -172,848.37 4.50% 236,922.20236,922.200.00 0.00 236,922.20 0.00% 0.000.001,000.00 1,000.00 -1,000.00 0.00% 9,900.009,900.0024,293,033.00 24,293,033.00 -24,283,133.00 0.04% -4,884.18-4,884.181,745,500.00 1,745,500.00 -1,750,384.18 0.28% 12,788.1212,788.124,195,000.00 4,195,000.00 -4,182,211.88 0.30% -3,655.14-3,655.141,035,000.00 1,035,000.00 -1,038,655.14 0.35% -1,109.82-1,109.821,395,941.00 1,395,941.00 -1,397,050.82 0.08% 2,912.002,912.005,470,000.00 5,470,000.00 -5,467,088.00 0.05% -61.89-61.897,000.00 7,000.00 -7,061.89 0.88% 0.000.0040,000.00 40,000.00 -40,000.00 0.00% Fund 101 - GENERAL FUND 105 - DISASTER RECOVERY FUND 201 - GAS TAX FUND 202 - LIBRARY & MUSEUM FUND 203 - PUBLIC SAFETY FUND (MEASURE G) 210 - FEDERAL ASSISTANCE FUND 212 - SLESA (COPS) FUND 215 - LIGHTING & LANDSCAPING FUND 221 - AB 939 - CALRECYCLE FUND 223 - MEASURE A FUND 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG) 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP) 230 - CASp FUND, AB 1379 231 - SUCCESSOR AGCY PA 1 RORF 235 - SO COAST AIR QUALITY FUND 237 - SUCCESSOR AGCY PA 1 ADMIN 241 - HOUSING AUTHORITY 243 - RDA LOW-MOD HOUSING FUND 247 - ECONOMIC DEVELOPMENT FUND 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) 250 - TRANSPORTATION DIF FUND 251 - PARKS & REC DIF FUND 252 - CIVIC CENTER DIF FUND 253 - LIBRARY DEVELOPMENT DIF 254 - COMMUNITY & CULTURAL CENTERS DIF 257 - FIRE PROTECTION DIF 259 - MAINTENANCE FACILITIES DIF FUND 270 - ART IN PUBLIC PLACES FUND 299 - INTEREST ALLOCATION FUND 310 - LQ FINANCE AUTHORITY DEBT SERVICE 401 - CAPITAL IMPROVEMENT PROGRAMS 501 - FACILITY & FLEET REPLACEMENT 502 - INFORMATION TECHNOLOGY 503 - PARK EQUIP & FACILITY FUND 504 - INSURANCE FUND 601 - SILVERROCK RESORT 760 - SUPPLEMENTAL PENSION PLAN 761 - CERBT OPEB TRUST 762 - PARS PENSION TRUST 0.000.00200,000.00 200,000.00 -200,000.00 0.00% Report Total:749,010.28 749,010.28168,353,853.00 168,353,853.00 -167,604,842.72 0.44% ATTACHMENT 1 Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited numbers. 17 Page 2 of 3 City Council Month Expense Report Group Summary For Fiscal: 2025/26 Period Ending: 07/31/2025 Fiscal Activity Variance Favorable (Unfavorable) Period Activity Current Total Budget Original Total Budget Percent Used 757,288.11757,288.1192,822,188.00 92,822,188.00 92,064,899.89 0.82% 0.000.004,993,504.00 4,993,504.00 4,993,504.00 0.00% 30,074.8330,074.833,224,885.00 3,224,885.00 3,194,810.17 0.93% 3,988.813,988.813,149,391.00 3,149,391.00 3,145,402.19 0.13% 0.000.00160,000.00 160,000.00 160,000.00 0.00% 0.000.00100,000.00 100,000.00 100,000.00 0.00% 22,365.6422,365.643,854,500.00 3,854,500.00 3,832,134.36 0.58% 0.000.00205,000.00 205,000.00 205,000.00 0.00% 0.000.001,124,132.00 1,124,132.00 1,124,132.00 0.00% 0.000.0010,000.00 10,000.00 10,000.00 0.00% 0.000.005,000.00 5,000.00 5,000.00 0.00% 0.000.005,500.00 5,500.00 5,500.00 0.00% 0.000.004,271,147.00 4,271,147.00 4,271,147.00 0.00% 0.000.0040,000.00 40,000.00 40,000.00 0.00% 1,800.001,800.0011,000.00 11,000.00 9,200.00 16.36% 15,069.4015,069.401,709,533.00 1,709,533.00 1,694,463.60 0.88% 375,000.00375,000.00325,000.00 325,000.00 -50,000.00 115.38% 0.000.0031,500.00 31,500.00 31,500.00 0.00% 0.000.00150,000.00 150,000.00 150,000.00 0.00% 0.000.00979,109.00 979,109.00 979,109.00 0.00% 0.000.0015,000.00 15,000.00 15,000.00 0.00% 0.000.00482,561.00 482,561.00 482,561.00 0.00% 0.000.00362,526.00 362,526.00 362,526.00 0.00% 18,553.7518,553.75233,000.00 233,000.00 214,446.25 7.96% 0.000.001,000.00 1,000.00 1,000.00 0.00% 0.000.0024,293,033.00 24,293,033.00 24,293,033.00 0.00% 8,628.538,628.531,745,913.00 1,745,913.00 1,737,284.47 0.49% 409,745.28409,745.284,195,820.00 4,195,820.00 3,786,074.72 9.77% 16,590.8116,590.81935,000.00 935,000.00 918,409.19 1.77% 775,626.06775,626.061,242,600.00 1,242,600.00 466,973.94 62.42% 222,423.47222,423.475,517,000.00 5,517,000.00 5,294,576.53 4.03% 0.000.0012,850.00 12,850.00 12,850.00 0.00% 0.000.001,500.00 1,500.00 1,500.00 0.00% Fund 101 - GENERAL FUND 105 - DISASTER RECOVERY FUND 201 - GAS TAX FUND 202 - LIBRARY & MUSEUM FUND 210 - FEDERAL ASSISTANCE FUND 212 - SLESA (COPS) FUND 215 - LIGHTING & LANDSCAPING FUND 221 - AB 939 - CALRECYCLE FUND 223 - MEASURE A FUND 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG) 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP) 230 - CASp FUND, AB 1379 231 - SUCCESSOR AGCY PA 1 RORF 235 - SO COAST AIR QUALITY FUND 237 - SUCCESSOR AGCY PA 1 ADMIN 241 - HOUSING AUTHORITY 243 - RDA LOW-MOD HOUSING FUND 247 - ECONOMIC DEVELOPMENT FUND 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) 250 - TRANSPORTATION DIF FUND 253 - LIBRARY DEVELOPMENT DIF 254 - COMMUNITY & CULTURAL CENTERS DIF 259 - MAINTENANCE FACILITIES DIF FUND 270 - ART IN PUBLIC PLACES FUND 310 - LQ FINANCE AUTHORITY DEBT SERVICE 401 - CAPITAL IMPROVEMENT PROGRAMS 501 - FACILITY & FLEET REPLACEMENT 502 - INFORMATION TECHNOLOGY 503 - PARK EQUIP & FACILITY FUND 504 - INSURANCE FUND 601 - SILVERROCK RESORT 760 - SUPPLEMENTAL PENSION PLAN 761 - CERBT OPEB TRUST 762 - PARS PENSION TRUST 0.000.0030,000.00 30,000.00 30,000.00 0.00% Report Total:2,657,154.69 2,657,154.69156,239,192.00 156,239,192.00 153,582,037.31 1.70% Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited numbers. 18 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. 105 Disaster Recovery Fund Accounts for use of one-time federal funding designed to deliver relief to American workers and aid in the economic recovery iin the wake of COVID-19. The American Rescue Plan Act (ARPA) was passed by Congress in 2021 to provide fiscal recovery funds to state and local governments. 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 and transfers 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. 259 Maintenance Facilities DIF Fund Developer impact fees collected for specific public improvements - maintenance facilities. 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 19 20 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: November 5, 2025 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED AUGUST 31, 2025 RECOMMENDATION Receive and file revenue and expenditure report dated August 31, 2025. EXECUTIVE SUMMARY The report summarizes the City’s year-to-date (YTD) and month-to-date (MTD) revenues and expenditures for August 2025 (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 2025 for fiscal year 2025/26. Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year. The 2024/25 operating and Capital Improvement Project carryovers to 2025/26 will be processed after the year- end audit is completed. 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. 4 21 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. 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, Principal Management Analyst Approved by: Claudia Martinez, Finance Director/City Treasurer Attachment: 1. Revenue and Expenditure Report for August 31, 2025 MTD YTD Percent of Budget YTD Percent of Budget General Fund (GF) 1,096,368$ 1,500,291$ 1.63% 1,650,618$ 2.00% All Funds 1,312,065$ 2,802,605$ 1.66% 3,928,010$ 2.50% MTD YTD Percent of Budget YTD Percent of Budget General Fund 2,174,647$ 3,534,304$ 3.81% 2,681,243$ 3.22% Payroll (GF)1,317,015$ 1,679,437$ 11.03% 1,655,959$ 11.72% All Funds 5,280,190$ 8,611,864$ 5.51% 7,284,396$ 4.99% August 2025 Expenditures Comparison to 2024 August 2025 Revenues Comparison to 2024 General Fund Non-General Fund Transient Occupancy (Hotel) Tax 307,214$ Gas Tax 96,080$ Fire Service Credit 204,019$ Second Trust Deed Payments 37,343$ Misc. Revenue(1)85,673$ Misc. Reimbursements(2)18,989$ STVR Registration Fees 65,700$ Technology Enhancement Surcharge 14,421$ Building Plan Check Fees 49,926$ Transportation Developer Impact Fees 12,027$ General Fund Non-General Fund Parks Landscape Maintenance Contract 191,638$ Capital Improvement Program (CIP) - Construction(3)802,629$ Parks Maintenance/Services 100,769$ Developer Reimbursements 400,000$ Marketing and Tourism Promotions 71,821$ Lighting & Landscape Maintenance Contract 266,166$ Grants & Economic Development 60,000$ Earthquake Insurance Premium 242,000$ Parks Materials/Supplies 53,770$ SilverRock Maintenance 208,510$ (3) CIP Construction: Fritz Burns Park improvement project, pavement management plan (PMP) slurry sealing, Hwy 111 pavement rehab Top Five Revenue/Income Sources for August Top Five Expenditures/Outlays for August (1)Misc. Revenue: National Opioids Settlement payments (2)Misc. Reimbursements: Shared intersection reimbursements 22 Page 1 of 2 City Council Month Revenue Report Group Summary For Fiscal: 2025/26 Period Ending: 08/31/2025 Fiscal Activity Variance Favorable (Unfavorable) Period Activity Current Total Budget Original Total Budget Percent Used 1,500,291.301,096,368.0692,242,254.00 92,242,254.00 -90,741,962.70 1.63% -5,164.700.00172,000.00 172,000.00 -177,164.70 3.00% 93,398.9296,079.533,217,705.00 3,217,705.00 -3,124,306.08 2.90% -11,697.54528.754,420,000.00 4,420,000.00 -4,431,697.54 0.26% -178.200.006,000.00 6,000.00 -6,178.20 2.97% 0.000.00160,100.00 160,100.00 -160,100.00 0.00% -656.770.00121,000.00 121,000.00 -121,656.77 0.54% 18,487.6918,989.323,862,100.00 3,862,100.00 -3,843,612.31 0.48% 2,883.293,505.9491,000.00 91,000.00 -88,116.71 3.17% -4,271.400.001,900,000.00 1,900,000.00 -1,904,271.40 0.22% 0.000.0010,000.00 10,000.00 -10,000.00 0.00% 0.000.005,400.00 5,400.00 -5,400.00 0.00% 2,825.451,404.0024,000.00 24,000.00 -21,174.55 11.77% 71.830.0020,333,000.00 20,333,000.00 -20,332,928.17 0.00% -139.450.0057,000.00 57,000.00 -57,139.45 0.24% -184.150.0012,320.00 12,320.00 -12,504.15 1.49% 120,477.4737,342.871,666,000.00 1,666,000.00 -1,545,522.53 7.23% -4,495.490.00130,000.00 130,000.00 -134,495.49 3.46% 6,242.096,391.69109,000.00 109,000.00 -102,757.91 5.73% 0.000.0086,000.00 86,000.00 -86,000.00 0.00% 74,267.9412,027.00579,000.00 579,000.00 -504,732.06 12.83% 30,094.756,318.00203,000.00 203,000.00 -172,905.25 14.83% 17,901.413,690.00160,000.00 160,000.00 -142,098.59 11.19% 5,955.001,191.0030,500.00 30,500.00 -24,545.00 19.52% 13,538.572,868.0095,000.00 95,000.00 -81,461.43 14.25% 5,282.661,107.0051,000.00 51,000.00 -45,717.34 10.36% 5,703.05939.0047,000.00 47,000.00 -41,296.95 12.13% 14,962.806,811.17181,000.00 181,000.00 -166,037.20 8.27% 823,340.670.000.00 0.00 823,340.67 0.00% 0.000.001,000.00 1,000.00 -1,000.00 0.00% 9,900.000.0024,293,033.00 24,293,033.00 -24,283,133.00 0.04% -4,884.180.001,745,500.00 1,745,500.00 -1,750,384.18 0.28% 27,209.5914,421.474,195,000.00 4,195,000.00 -4,167,790.41 0.65% -3,655.140.001,035,000.00 1,035,000.00 -1,038,655.14 0.35% -1,109.820.001,395,941.00 1,395,941.00 -1,397,050.82 0.08% 55,161.722,082.005,470,000.00 5,470,000.00 -5,414,838.28 1.01% -61.890.007,000.00 7,000.00 -7,061.89 0.88% 0.000.0040,000.00 40,000.00 -40,000.00 0.00% Fund 101 - GENERAL FUND 105 - DISASTER RECOVERY FUND 201 - GAS TAX FUND 202 - LIBRARY & MUSEUM FUND 203 - PUBLIC SAFETY FUND (MEASURE G) 210 - FEDERAL ASSISTANCE FUND 212 - SLESA (COPS) FUND 215 - LIGHTING & LANDSCAPING FUND 221 - AB 939 - CALRECYCLE FUND 223 - MEASURE A FUND 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG) 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP) 230 - CASp FUND, AB 1379 231 - SUCCESSOR AGCY PA 1 RORF 235 - SO COAST AIR QUALITY FUND 237 - SUCCESSOR AGCY PA 1 ADMIN 241 - HOUSING AUTHORITY 243 - RDA LOW-MOD HOUSING FUND 247 - ECONOMIC DEVELOPMENT FUND 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) 250 - TRANSPORTATION DIF FUND 251 - PARKS & REC DIF FUND 252 - CIVIC CENTER DIF FUND 253 - LIBRARY DEVELOPMENT DIF 254 - COMMUNITY & CULTURAL CENTERS DIF 257 - FIRE PROTECTION DIF 259 - MAINTENANCE FACILITIES DIF FUND 270 - ART IN PUBLIC PLACES FUND 299 - INTEREST ALLOCATION FUND 310 - LQ FINANCE AUTHORITY DEBT SERVICE 401 - CAPITAL IMPROVEMENT PROGRAMS 501 - FACILITY & FLEET REPLACEMENT 502 - INFORMATION TECHNOLOGY 503 - PARK EQUIP & FACILITY FUND 504 - INSURANCE FUND 601 - SILVERROCK RESORT 760 - SUPPLEMENTAL PENSION PLAN 761 - CERBT OPEB TRUST 762 - PARS PENSION TRUST 11,107.350.00200,000.00 200,000.00 -188,892.65 5.55% Report Total:1,312,064.80 2,802,604.82168,353,853.00 168,353,853.00 -165,551,248.18 1.66% Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited numbers. ATTACHMENT 1 23 Page 2 of 2 City Council Month Expense Report Group Summary For Fiscal: 2025/26 Period Ending: 08/31/2025 Fiscal Activity Variance Favorable (Unfavorable) Period Activity Current Total Budget Original Total Budget Percent Used 3,534,303.722,174,646.9292,822,188.00 92,822,188.00 89,287,884.28 3.81% 0.000.004,993,504.00 4,993,504.00 4,993,504.00 0.00% 136,437.71106,362.883,224,885.00 3,224,885.00 3,088,447.29 4.23% 40,635.1636,646.353,149,391.00 3,149,391.00 3,108,755.84 1.29% 0.000.00160,000.00 160,000.00 160,000.00 0.00% 0.000.00100,000.00 100,000.00 100,000.00 0.00% 407,595.53385,229.893,854,500.00 3,854,500.00 3,446,904.47 10.57% 9,000.009,000.00205,000.00 205,000.00 196,000.00 4.39% 0.000.001,124,132.00 1,124,132.00 1,124,132.00 0.00% 10,335.0010,335.0010,000.00 10,000.00 -335.00 103.35% 0.000.005,000.00 5,000.00 5,000.00 0.00% 0.000.005,500.00 5,500.00 5,500.00 0.00% 0.000.004,271,147.00 4,271,147.00 4,271,147.00 0.00% 0.000.0040,000.00 40,000.00 40,000.00 0.00% 1,800.000.0011,000.00 11,000.00 9,200.00 16.36% 143,371.2860,341.341,709,533.00 1,709,533.00 1,566,161.72 8.39% 375,000.000.00325,000.00 325,000.00 -50,000.00 115.38% 0.000.0031,500.00 31,500.00 31,500.00 0.00% 0.000.00150,000.00 150,000.00 150,000.00 0.00% 400,000.00400,000.00979,109.00 979,109.00 579,109.00 40.85% 0.000.0015,000.00 15,000.00 15,000.00 0.00% 0.000.00482,561.00 482,561.00 482,561.00 0.00% 0.000.00362,526.00 362,526.00 362,526.00 0.00% 22,559.644,005.89233,000.00 233,000.00 210,440.36 9.68% 0.000.001,000.00 1,000.00 1,000.00 0.00% 909,628.60909,628.6024,293,033.00 24,293,033.00 23,383,404.40 3.74% 104,394.2095,765.671,745,913.00 1,745,913.00 1,641,518.80 5.98% 669,510.89259,765.614,195,820.00 4,195,820.00 3,526,309.11 15.96% 16,590.810.00935,000.00 935,000.00 918,409.19 1.77% 1,179,203.06403,577.001,242,600.00 1,242,600.00 63,396.94 94.90% 635,718.59412,051.745,517,000.00 5,517,000.00 4,881,281.41 11.52% 12,832.8612,832.8612,850.00 12,850.00 17.14 99.87% 0.000.001,500.00 1,500.00 1,500.00 0.00% Fund 101 - GENERAL FUND 105 - DISASTER RECOVERY FUND 201 - GAS TAX FUND 202 - LIBRARY & MUSEUM FUND 210 - FEDERAL ASSISTANCE FUND 212 - SLESA (COPS) FUND 215 - LIGHTING & LANDSCAPING FUND 221 - AB 939 - CALRECYCLE FUND 223 - MEASURE A FUND 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG) 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP) 230 - CASp FUND, AB 1379 231 - SUCCESSOR AGCY PA 1 RORF 235 - SO COAST AIR QUALITY FUND 237 - SUCCESSOR AGCY PA 1 ADMIN 241 - HOUSING AUTHORITY 243 - RDA LOW-MOD HOUSING FUND 247 - ECONOMIC DEVELOPMENT FUND 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) 250 - TRANSPORTATION DIF FUND 253 - LIBRARY DEVELOPMENT DIF 254 - COMMUNITY & CULTURAL CENTERS DIF 259 - MAINTENANCE FACILITIES DIF FUND 270 - ART IN PUBLIC PLACES FUND 310 - LQ FINANCE AUTHORITY DEBT SERVICE 401 - CAPITAL IMPROVEMENT PROGRAMS 501 - FACILITY & FLEET REPLACEMENT 502 - INFORMATION TECHNOLOGY 503 - PARK EQUIP & FACILITY FUND 504 - INSURANCE FUND 601 - SILVERROCK RESORT 760 - SUPPLEMENTAL PENSION PLAN 761 - CERBT OPEB TRUST 762 - PARS PENSION TRUST 2,947.380.0030,000.00 30,000.00 27,052.62 9.82% Report Total:5,280,189.75 8,611,864.43156,239,192.00 156,239,192.00 147,627,327.57 5.51% Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited numbers. 24 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. 105 Disaster Recovery Fund Accounts for use of one-time federal funding designed to deliver relief to American workers and aid in the economic recovery iin the wake of COVID-19. The American Rescue Plan Act (ARPA) was passed by Congress in 2021 to provide fiscal recovery funds to state and local governments. 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 and transfers 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. 259 Maintenance Facilities DIF Fund Developer impact fees collected for specific public improvements - maintenance facilities. 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 25 26 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: November 5, 2025 STAFF REPORT AGENDA TITLE: APPOINT MEMBERS OF THE FINANCIAL ADVISORY COMMISSION TO SERVE AS CHAIRPERSON AND VICE CHAIRPERSON FOR FISCAL YEAR 2025/26 RECOMMENDATION Appoint members of the Financial Advisory Commission to serve as Chairperson and Vice Chairperson for fiscal year 2025/26. EXECUTIVE SUMMARY Pursuant to La Quinta Municipal Code (LQMC) Section 2.06.050, the Financial Advisory Commission (Commission) shall vote to appoint two of its members to serve as Chairperson and Vice Chairperson at its first meeting held after June 30th of each year. The September 11, 2025, meeting was the first scheduled meeting of the Commission for fiscal year 2025/26. Due to the absence of several Commissioners this item was rescheduled to the November meeting. FISCAL IMPACT – None. BACKGROUND/ANALYSIS In accordance with LQMC Section 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.” The following Commission members have held these positions in the past six years: FISCAL YEAR CHAIRPERSON VICE CHAIRPERSON 2019/20 W. Richard Mills Daniel Twohey 2020/21 W. Richard Mills Daniel Twohey 2021/22 George Batavick W. Richard Mills 2022/23 W. Richard Mills Keith Dorsey 2023/24 Keith Dorsey Brian Anderson 2024/25 Keith Dorsey Brian Anderson BUSINESS SESSION ITEM NO. 1 27 Voting Procedures: All actions must be taken on a majority vote or by a majority of the quorum present. On the passage of every motion, the vote shall be taken by voice or roll call as appropriate. The presiding Chairperson will open and close nominations to the Commission for Chairperson and Vice Chairperson. The vote will be taken, and the Chairperson and Vice Chairperson appointed. Tie Votes: In the case of a tie vote, an additional motion shall be made to obtain a majority vote to break the tie. If a tie vote results at a time when less than all members are present, the matter shall automatically be continued to the next regular meeting, unless otherwise ordered by the Commission. ALTERNATIVES As this action is required by the LQMC staff does not recommend an alternative. Prepared by: Claudia Martinez, Finance Director/City Treasurer 28 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING STAFF REPORT TO: Members of the Financial Advisory Commission FROM: Claudia Martinez, Finance Director/City Treasurer DATE: November 5, 2025 SUBJECT: FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES The Finance Department would like to provide updates on the following matters. AUDIT & FINANCIAL REPORTING Citywide Comprehensive Audit for fiscal year 2024/25 took place from September 15 through October 2, 2025 o Draft report is currently being compiled, with year-end entries and audit preparation substantially complete. Audit for fiscal year 2024/25, to be filed with the State Controller’s Office, will take place in November Annual Measure A Local Streets and Roads Audit for fiscal year 2024/25, to be filed with the Riverside County Transportation Commission, will take place in November COMMITTEE UPDATES Financial Projections Task Force (Commissioners Anderson and Dorsey) o The Fiscal Year (FY) 2025/26 budget is currently being updated in the TrueComp (GovInvest) Financial Forecasting software, with related meetings to be scheduled. Measure G Sales Tax Oversight Compliance Report Subcommittee for FY 2024/25 o Initial meeting scheduled for November. Financial Statement and Audit training – staff is currently researching options with the current auditing firm. COMMISSION TRAINING OPPORTUNITY The California Society of Municipal Finance Officers (CSMFO) 2026 Annual Conference will be held February 24–27, 2026, in Palm Springs, California. This annual event brings together finance professionals from across the state to share best practices, attend technical and leadership training sessions, and engage in networking opportunities that support professional growth in municipal finance. o The City can accommodate up to three members of the Commission to attend the conference at the same time. The conference also offers one- DEPARTMENTAL REPORT ITEM NO. 1 29 day registration options for members who wish to attend select sessions. Additional information is available at: https://csmfo.org/page/2026Conference CITY UPDATES SilverRock Update – The City has a dedicated website, www.laquintaca.gov/taluslq, which includes updates, documents, and a timeline outlining the Talus/SilverRock Resort project. The City Manager and City Attorney provide regular case updates during Council meetings, and those updates will also be posted on the website. o Recent update provided at the October 21, 2025 City Council meeting. Hwy 111 Corridor Specific Plan – prior Council and Planning Commission joint meeting held on: o September 26, 2023 o Planning Commission meeting held on October 14, 2025, upcoming Council meeting scheduled for November. o To date, expenditures related to the project are detailed in the Project Activity Report (Attachment 1), in the amount of $1,299,668.05. Revenue allocations of Measure G do not yet include the most recent quarter entry. The City is currently exploring the following: o Feasibility of undergrounding utilities in various areas of the City; prior City Council study sessions held on: September 19, 2023 and December 19, 2023. o Imperial Irrigation District (IID) power distribution substations in La Quinta, cost-share options for upgrades; prior Council study sessions held on January 16, 2024 and February 18, 2025. City Manager’s Office is in negotiations with IID and all impacted stakeholders to find an equitable solution. Agreement with IID would be required before equipment can be ordered; pending design approval from IID, and final estimated costs before the City’s potential cost-sharing is defined, which would be presented to the Commission for review and Council for approval. o Coachella Valley Power Agency (CVPA): March 18, 2025 – Approval of the proposed Coachella Valley Power Agency (CVPA) Joint Powers Agreement (JPA) to establish an independent public agency for Riverside County and the Coachella Valley to give stakeholders the authority they have sought to address electrical infrastructure needs and services. April 1, 2025 – Council authorized the City as the first member of CVPA JPA via Resolution No. 2025-0007 October 7, 2025 – The Coachella Valley Public Agency (CVPA) Joint Powers Authority (JPA) currently includes the Cities of La Quinta and Indio, and the County of Riverside. The CVPA has contracted with the Coachella Valley Association of Governments (CVAG) to oversee the administration and management of the CVPA while the 30 CVPA JPA works to hire its own staff. For FY 2025/26, the CVPA JPA members approved a $500,000 budget, and agreed that the three members would contribute $166,666. Staff encourages Commission members to view the meetings as time permits. Tropical Storm Hilary – Federal Disaster Assistance: o The City is currently working with FEMA on the reimbursement process for a total of 9 projects. Citywide Debris Removal Citywide Storm Preparation and Road Closures Pioneer Park – shade structure Adams Park – retention basin X Park – retention basin Eisenhower retention basin SilverRock Park – retention basin & slope repair SilverRock Park – lake vault SilverRock Way and Avenue 62 – sinkholes UPCOMING EVENTS Veterans Recognition Ceremony will take place November 11, 2025 at City Hall. La Quinta Art Celebration Encore will take place November 13 – 16, 2025 at the Civic Center Campus. It is important to note the items mentioned in this update are in addition to the daily functions of the Finance Department, which include, but are not limited to, staff report writing/review, payroll, accounts payable, accounts receivable, revenue processing, journal entries, capital accounting, project accounting, purchasing, investing, cash/treasury management, bank reconciliations, budgeting, research and analysis, staff training and development, and general financial support for all City departments. Attachment: 1. Project Activity Report 31 Page 1 of 610/21/2025 6:49:09 PM Project Activity Report City of La Quinta By Project Number Report Dates: 07/01/2019 - 10/21/2025 201905 Highway 111 Corridor Area Plan ImplementaƟ Fund 401 Construction in Process St Improvements Active Project Number Project Name Group Type Status Revenues Account NameAccount Key Category Total Activity -1,228,581.80201905MGMeasure 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 -230,049.59MG HIGHWAY 111 CORRIDOR AREA PLANTransfers In 06/30/2021401-0000-49500 -290,754.59FY 20/21 Total: -2,995.00MG 201905 HIGHWAY 111 CORRIDOR PLANTransfers In 09/30/2021401-0000-49500 -30,468.25MG 201905 HWY CORRIDOR AREA PLANTransfers In 12/31/2021401-0000-49500 -3,020.00MG 201905 HWY CORRIDOR AREA PLANTransfers In 03/31/2022401-0000-49500 -130,479.46MG 201905 HWY CORRIDOR AREA PLANTransfers In 06/30/2022401-0000-49500 -166,962.71FY 21/22 Total: -14,775.00MG 201905 HWY CORRIDOR AREA PLANTransfers In 09/30/2022401-0000-49500 -4,537.50MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 12/31/2022401-0000-49500 -145,350.50MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 03/31/2023401-0000-49500 -120,554.00MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 06/30/2023401-0000-49500 -285,217.00FY 22/23 Total: -49,950.15MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 09/30/2023401-0000-49500 -1,662.50MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 12/31/2023401-0000-49500 -58,634.71MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 03/31/2024401-0000-49500 -237,691.79CORR SB1 FUNDING FOR 201905 PROJECTTransfers In 06/30/2024401-0000-49500 -347,939.15FY 23/24 Total: 73,042.37CORR MG 201905/202225 HIGHWAY 111 CORRIDOR ATransfers In 09/30/2024401-0000-49500 -25,166.00MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 12/31/2024401-0000-49500 -96,466.25MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 03/31/2025401-0000-49500 -82,132.22MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 06/30/2025401-0000-49500 -130,722.10FY 24/25 Total: 0.00201905SB1SB1 Maintenance Funding SB1 Maint Fund - SB1 Maintenance Funding ATTACHMENT 1 32 Report Dates: 07/01/2019 - 10/21/2025Project Activity Report Page 2 of 610/21/2025 6:49:09 PM ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number 237,691.79CORR SB1 FUNDING FOR 201905 PROJECTTransfers In 06/30/2024401-0000-49500 -102,565.49SB1 201905 HIGHWAY 111 CORRIDOR AREATransfers In 06/30/2024401-0000-49500 -57,573.80SB1 201905 HIGHWAY 111 CORRIDOR AREATransfers In 06/30/2024401-0000-49500 -77,552.50SB1 201905/202223 HIGHWAY 111 CORRIDOR AREATransfers In 06/30/2024401-0000-49500 0.00FY 23/24 Total: Total Revenues: -1,228,581.80 Expenses Account NameAccount Key Category Total Activity 1,209,954.30201905DDesign 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: 19,315.7506/2021 - HWY 111 PLANNING/ENGINEERING SVCSDesign10/08/2021401-0000-60185 165668GHD INC. 8,620.0007/2021 - HWY 111 PLANNING/ENGINEERING SVCSDesign10/29/2021401-0000-60185 380-0000621GHD INC. 207.4303/24/22 - HWY 111 SITE TOUR LUNCHDesign04/22/2022401-0000-60185 MAR'226925BMBANK OF THE WEST (PLEASE SEE 460.0003/24/22 - HWY 111 SITE TOUR TRANSPORTATIONDesign04/22/2022401-0000-60185 MAR'226925BMBANK OF THE WEST (PLEASE SEE 41,235.8303/2022 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign06/30/2022401-0000-60185 380-0012735GHD INC. 84,123.7006/2022 HWY 111 CORRIDOR PLANNING/ENGINERRIDesign06/30/2022401-0000-60185 380-0016011GHD INC. 153,962.71FY 21/22 Total: 12,962.5007/2022 - HWY 111 CORRIDOR PLANNING/ENGINERRIDesign09/02/2022401-0000-60185 380-0017688GHD INC. 49,617.5009/2022 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign03/03/2023401-0000-60185 380-0020901GHD INC. 51,571.2510/2022 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign03/03/2023401-0000-60185 380-0023845GHD INC. 18,251.2511/2022 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign03/03/2023401-0000-60185 380-0024095GHD INC. 9,171.2512/2022 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign03/03/2023401-0000-60185 380-0025445GHD INC. 12,726.7501/2023 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign03/17/2023401-0000-60185 380-0027217GHD INC. 18,667.5802/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERIDesign06/30/2023401-0000-60185 380-0028778GHD INC. 9,366.2503/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERIDesign06/30/2023401-0000-60185 380-0030405GHD INC. 22,207.5104/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERIDesign06/30/2023401-0000-60185 380-0031910GHD INC. 22,721.9505/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERIDesign06/30/2023401-0000-60185 380-0033492GHD INC. 42,803.2106/2023 - HWY 111 CORRIDOR PLANNING/ENGINERRIDesign06/30/2023401-0000-60185 380-0035378GHD INC. 270,067.00FY 22/23 Total: 49,312.6507/2023 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign09/08/2023401-0000-60185 380-0036834GHD INC. 54,534.7110/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERIDesign01/26/2024401-0000-60185 380-0041445GHD INC. 32,062.3601/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign05/24/2024401-0000-60185 380-0047294GHD INC. 33 Report Dates: 07/01/2019 - 10/21/2025Project Activity Report Page 3 of 610/21/2025 6:49:09 PM ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number 53,767.9303/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign05/24/2024401-0000-60185 380-0048891GHD INC. 13,082.7004/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign06/30/2024401-0000-60185 380-0051494GHD INC. 877.5005/01-06/30/24 - ONCALL PLANNING SERVICESDesign06/30/2024401-0000-60185 TN1198158TERRA NOVA PLANNING & RESE 20,296.30ACCRUE 05/2024 HWY 111 CORRIDOR PLANNINGDesign06/30/2024401-0000-60185 37,277.50ACCRUE 06/2024 HWY 111 CORRIDOR PLANNINGDesign06/30/2024401-0000-60185 261,211.65FY 23/24 Total: 20,296.3005/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign09/20/2024401-0000-60185 380-0054142REVGHD INC. 37,277.5006/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign09/20/2024401-0000-60185 380-0054348GHD INC. 3,540.13HWY 111 CONSTRUCTION SIGNAGEDesign09/20/2024401-0000-60185 98554BEST SIGNS INC -20,296.30ACCRUE 05/2024 HWY 111 CORRIDOR PLANNINGDesign09/30/2024401-0000-60185 -37,277.50ACCRUE 06/2024 HWY 111 CORRIDOR PLANNINGDesign09/30/2024401-0000-60185 22,993.5008/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign11/08/2024401-0000-60185 380-0057493GHD INC. 9,563.7509/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign02/07/2025401-0000-60185 380-0063398GHD INC. 83,940.0012/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign02/07/2025401-0000-60185 380-0063431GHD INC. 78,989.7204/2025 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign06/30/2025401-0000-60185 380-0072463GHD INC. 70,173.755/01-6/30/25 HWY 111 CORRIDOR PLANNING/ENGINDesign06/30/2025401-0000-60185 380-0076089GHD INC. 269,200.85FY 24/25 Total: 89,713.75201905PProfessional 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 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: 630.0007/2021 HIGHWAY 111 CORRIDORProfessional Services 09/17/2021401-0000-60103 2019-08.25NAI CONSULTING INC 2,365.0008/2021 HIGHWAY 111 CORRIDORProfessional Services 09/17/2021401-0000-60103 2019-08.26NAI CONSULTING INC 790.0009/2021 HIGHWAY 111 CORRIDORProfessional Services 11/05/2021401-0000-60103 2019-08.27NAI CONSULTING INC 34 Report Dates: 07/01/2019 - 10/21/2025Project Activity Report Page 4 of 610/21/2025 6:49:09 PM ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number 1,742.5010/2021 HIGHWAY 111 CORRIDORProfessional Services 12/03/2021401-0000-60103 2019-08.28NAI CONSULTING INC 620.0011/2021 - HIGHWAY 111 CORRIDORProfessional Services 01/14/2022401-0000-60103 2019-08.29NAI CONSULTING INC 930.0012/2021 HIGHWAY 111 CORRIDORProfessional Services 01/14/2022401-0000-60103 2019-08.30NAI CONSULTING INC 192.5001/2022 HIGHWAY 111 CORRIDORProfessional Services 02/25/2022401-0000-60103 2019-08.31NAI CONSULTING INC 1,277.5002/2022 HIGHWAY 111 CORRIDORProfessional Services 03/18/2022401-0000-60103 2019-08.32NAI CONSULTING INC 1,860.0003/2022 - HIGHWAY 111 CORRIDORProfessional Services 04/15/2022401-0000-60103 2019-08.33NAI CONSULTING INC 967.5005/2022 HIGHWAY 111 CORRIDORProfessional Services 06/30/2022401-0000-60103 2019-08.35NAI CONSULTING INC 1,625.0006/2022 HIGHWAY 111 CORRIDORProfessional Services 06/30/2022401-0000-60103 2019-08.36NAI CONSULTING INC 13,000.00FY 21/22 Total: 1,812.5007/2022 2019-05 HIGHWAY 111 CORRIDORProfessional Services 08/26/2022401-0000-60103 2019-08.37NAI CONSULTING INC 1,700.0008/2022 HIGHWAY 111 CORRIDORProfessional Services 10/07/2022401-0000-60103 2019-08.38NAI CONSULTING INC 1,962.5009/2022 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 10/28/2022401-0000-60103 2019.08.39NAI CONSULTING INC 875.0012/2022 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 12/16/2022401-0000-60103 2019-08.41NAI CONSULTING INC 3,312.5012/2022 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 02/03/2023401-0000-60103 2019-08.42NAI CONSULTING INC 700.0001/2023 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 02/24/2023401-0000-60103 2019-08.43NAI CONSULTING INC 725.0003/2023 HIGHWAY 111 CORRIDORProfessional Services 05/05/2023401-0000-60103 2019-08.44NAI CONSULTING INC 2,137.5003/2023 HIGHWAY 111 CORRIDORProfessional Services 05/05/2023401-0000-60103 2019-08.45NAI CONSULTING INC 1,250.0005/2023 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 06/23/2023401-0000-60103 2019-08.47NAI CONSULTING INC 675.0006/2023 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 06/30/2023401-0000-60103 2019-08.48NAI CONSULTING INC 15,150.00FY 22/23 Total: 637.5007/2023 HIGHWAY 111 CORRIDORProfessional Services 08/25/2023401-0000-60103 2019-08.49NAI CONSULTING INC 437.5008/2023 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 10/13/2023401-0000-60103 2019-08.50NAI CONSULTING INC 700.0009/2023 HIGHWAY 111 CORRIDORProfessional Services 10/27/2023401-0000-60103 2019-08.51NAI CONSULTING INC 525.0010/2023 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 11/17/2023401-0000-60103 2019-08.52NAI CONSULTING INC 887.5011/2023 HIGHWAY 111 CORRIDORProfessional Services 01/19/2024401-0000-60103 2019-08.53NAI CONSULTING INC 875.0012/2023 HIGHWAY 111 CORRIDORProfessional Services 01/19/2024401-0000-60103 2019-08.54NAI CONSULTING INC 2,337.5001/2024 HIGHWAY 111 CORRIDORProfessional Services 02/23/2024401-0000-60103 2019-08.55NAI CONSULTING INC 500.0003/2024 HIGHWAY 111 CORRIDORProfessional Services 04/26/2024401-0000-60103 2019-08.57NAI CONSULTING INC 750.0004/2024 HIGHWAY 111 CORRIDORProfessional Services 05/31/2024401-0000-60103 2019-08.58NAI CONSULTING INC 537.5005/2024 HIGHWAY 111 CORRIDORProfessional Services 06/30/2024401-0000-60103 2019-08.59NAI CONSULTING INC 987.5006/2024 HIGHWAY 111 CORRIDORProfessional Services 06/30/2024401-0000-60103 2019-08.60NAI CONSULTING INC 9,175.00FY 23/24 Total: 970.0007/2024 - HIGHWAY 111 CORRIDORProfessional Services 09/06/2024401-0000-60103 2024-03.01NAI CONSULTING INC 475.0008/2024 - HIGHWAY 111 CORRIDORProfessional Services 10/04/2024401-0000-60103 2024-03.02R1NAI CONSULTING INC 1,407.5009/2024 HIGHWAY 111 CORRIDORProfessional Services 11/08/2024401-0000-60103 2024-03.03NAI CONSULTING INC 47.5010/2024 HIGHWAY 111 CORRIDORProfessional Services 12/06/2024401-0000-60103 2024-03.04NAI CONSULTING INC 242.5011/2024 HIGHWAY 111 CORRIDORProfessional Services 12/27/2024401-0000-60103 2024-03.05NAI CONSULTING INC 195.0012/2024 - PROFESSIONAL ENGINEERING SERVICESProfessional Services 02/07/2025401-0000-60103 2024-03.06NAI CONSULTING INC 1,260.0001/2025 HIGHWAY 111 CORRIDORProfessional Services 02/28/2025401-0000-60103 2024-03.07NAI CONSULTING INC 1,507.5002/2025 HIGHWAY 111 CORRIDORProfessional Services 03/21/2025401-0000-60103 2024-03.08NAI CONSULTING INC 35 Report Dates: 07/01/2019 - 10/21/2025Project Activity Report Page 5 of 610/21/2025 6:49:09 PM ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number 1,602.5003/2025 - HIGHWAY 111 CORRIDORProfessional Services 05/02/2025401-0000-60103 2024-03.09NAI CONSULTING INC 780.0004/2025 HIGHWAY 111 CORRIDORProfessional Services 05/16/2025401-0000-60103 2024-03.10NAI CONSULTING INC 427.5005/2025 HIGHWAY 111 CORRIDORProfessional Services 06/13/2025401-0000-60103 2024-03.11NAI CONSULTING INC 332.5006/2025 HIGHWAY 111 CORRIDORProfessional Services 06/30/2025401-0000-60103 2024-03.12NAI CONSULTING INC 9,247.50FY 24/25 Total: 142.5007/2025 HIGHWAY 111 CORRIDORProfessional Services 08/29/2025401-0000-60103 2024-03.13R1NAI CONSULTING INC 770.0008/2025 HIGHWAY 111 CORRIDORProfessional Services 09/26/2025401-0000-60103 2024-03.14NAI CONSULTING INC 912.50FY 25/26 Total: Total Expenses: 1,299,668.05 71,086.25201905 Total: 36 Report Dates: 07/01/2019 - 10/21/2025Project Activity Report Page 6 of 610/21/2025 6:49:09 PM Summary Project NameProject Number Project Summary Total Revenue Total Expense Revenue Over/ (Under) Expenses Highway 111 Corridor Area Plan Implementation2019051,228,581.80 1,299,668.05 -71,086.25 Project Totals:1,228,581.80 1,299,668.05 -71,086.25 Group Summary Group Total Revenue Total Expense Revenue Over/ (Under) Expenses Fund 401 Construction in Process 1,228,581.80 1,299,668.05 -71,086.25 Group Totals:1,228,581.80 1,299,668.05 -71,086.25 Type Summary Type Total Revenue Total Expense Revenue Over/ (Under) Expenses St Improvements 1,228,581.80 1,299,668.05 -71,086.25 Type Totals:1,228,581.80 1,299,668.05 -71,086.25 37 38 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING STAFF REPORT TO: Members of the Financial Advisory Commission FROM: Rosemary Hallick, Principal Management Analyst DATE: November 5, 2025 SUBJECT: SECOND QUARTER 2025 (APRIL - JUNE) SALES TAX UPDATE The attached report was prepared by consultants, HdL Companies, as an update of sales tax receipts for second quarter sales from April to June 2025.  La Quinta’s overall adjusted sales tax receipts for major industry groups increased 2.7% compared to the same period in the prior year. As a comparison, Riverside County was down 1.6% and the state was up 0.5%. The increase was concentrated primarily in the restaurants and hotels sector, as well as in the county pool. Details may be found in the attached quarterly Sales Tax Update newsletter prepared by HdL.  The City’s sales-per-capita remains higher than both the county and state averages.  General consumer goods (such as department stores) made up 34% of sales tax revenue and 40% of Measure G revenue.  Autos and transportation made up 8% of sales tax revenue and 12% of Measure G revenue.  The City continues to benefit from online purchasing in the form of the County pool share, which was 14% of our sales tax revenue. DEPARTMENTAL REPORT ITEM NO. 2 40 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 has received $3.65 million in combined sales tax and Measure G revenue for the current fiscal year (July and August reporting periods), which is 1.73% higher than the same period in 2024. Attachment 1: HdL Q2 2025 Sales Tax Update 41 www.hdlcompanies.com | 888.861.0220 Q2 2024* Q2 2025* Legend $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 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 Fall 2025 Best Buy Circle K Costco Floor & Decor Genesis/Hyundai of La Quinta Home Depot In N Out Burger Kohls La Quinta Chevrolet & Cadillac La Quinta Resort & Club Lowes Marshalls McDonald’s PGA WEST Private Clubhouse & Golf Courses Ross Target TJ Maxx Torre Nissan Tower Mart Trader Joe’s Ulta Beauty Verizon Wireless Vons Walmart Supercenter WDC Kitchen & Bath La Quinta SALES TAX UPDATE CITY OF LA QUINTA 2Q 2025 (APRIL - JUNE) La Quinta’s receipts from April through June were 6.2% above the second sales period in 2024. Excluding reporting aberrations, actual sales were up 2.7%. The restaurant-hotels group reported a strong sales quarter. Revenue from food- drugs was up due to increased costs for food and certain prescription medicines. The autos-transportation sector reported mixed results, with overall results showing modest gains. Based on industry reports, building and construction revenue in California’s residential market contracted, and commercial construction slowed significantly resulting in a decrease in totals. In the second quarter of 2025, California saw fluctuating fuel prices that were still significantly lower than the year- ago period. General consumer goods reported a sluggish sales quarter as consumer spending shifted focus to services and value. The City’s share of the countywide use tax pool increased 7.3% when compared to the same period in the prior year. Measure G, the City’s voter-approved transactions and use tax, brought in an additional $3,824,937 in revenue. Net of aberrations, taxable sales for Riverside County declined 1.6% over the comparable time-period; the Southern California region was flat. TOTAL: 4.1% $3,841,227 Measure G TOTAL:$ 3,032,881 2.7%-1.6% 0.5% COUNTY STATE LA QUINTA 2Q2025 ATTACHMENT 1 42 TOP NON-CONFIDENTIAL BUSINESS TYPES Q2 '25*La QuintaBusiness Type Change Change Change County HdL State 1.4%0.5%-1.9% 247.2 Casual Dining 4.1%7.2%13.1% 130.6 Leisure/Entertainment 6.9%1.6%0.3% 118.3 Electronics/Appliance Stores -0.7%1.1%0.7% 105.5 Quick-Service Restaurants -9.4%-8.5%-12.7% 104.4 Service Stations 1.4%-0.2%3.9% 88.7 Family Apparel -0.2%-1.1%4.0% 81.8 Grocery Stores -3.4%-0.9%2.7% 70.2 Specialty Stores -5.0%-5.9%7.1% 58.4 Fine Dining -1.6%0.8%-7.1% 30.4 Fast-Casual Restaurants *Allocation aberrations have been adjusted to reflect sales activity *In thousands of dollars REVENUE BY BUSINESS GROUP La Quinta This Fiscal Year* 14% Pools 23% Restaurants 8% Autos/Trans. 10% Building 35% Cons.Goods 9% Others *ADJUSTED FORECONOMIC DATA SALES TAX UPDATECITY OF LA QUINTA2Q 2025 STATEWIDE RESULTS California’s one-cent local sales and use tax receipts rose 0.6% in Q2 compared to the same period last year, after adjusting for accounting anomalies. While only modest growth, it is the second consecutive quarter experiencing positive results following an extended timeline of declines. This period is traditionally met with improved weather with the beginning of summer activity. Steady gains in both business-industry and countywide use tax pools were driven by strong online sales, reflecting shopper’s willingness and ability to spend. Whether pulled from inventory within California or shipped from outside the state, demand for goods by value-conscious shoppers prevailed. Other notable upticks came from purchases of office and electrical equipment. Increased tax receipts from restaurants also demonstrated diners continued desire to eat out. Even amongst higher menu prices and tip fatigue, casual dining establishments generated the largest lift. While this is a good sign for the coming summer season, underlying data shows that disposal personal income – a key driver of restaurant sales – is growing at a slower pace than prior years, possibly signaling softer tax growth on the horizon. The two sectors primed to take advantage of upcoming interest rate changes, autos- transportation and building-construction, only experienced lackluster returns this period. New auto sales declined, offsetting gains in used vehicles and leasing, while building material sales remained unchanged from a year ago. However, aging vehicles and deferred home improvements remain a potential catalyst driving demand in the near term. Balancing the positive results, revenue from fuel and service stations declined for the ninth time in ten quarters, primarily due to West Texas Intermediate (WTI) low crude oil prices. As the global economy and development remains tempered, so has the demand for oil, leaving prices relatively low. While this dampens sales taxes, lower fuel costs during peak travel months may boost spending in other segments. Traditional retailers saw a 1% decline, with specialty, sporting goods, and department stores under performing compared to year ago totals. Inflation and tariffs continue to pressure consumer spending and retailer margins, prompting reevaluation of physical store investments by regional and national companies alike. The September reduction in the federal funds rate, noting the possibility of more in early 2026, leaves optimism regarding future financing and accessing equity opportunities for some consumers. However, national tariff/trade talks remain a vital piece of the inflation/higher prices story with the potential of diminishing spending power. So sluggish calendar year 2025 continues with only modest expansion expected braced against the ever-changing larger economic trends. 43 POWER POINTS NOVEMBER 5, 2025 FINANCIAL ADVISORY COMMISSION SPECIAL MEETING November 5, 2025 1 Financial Advisory Commission Special Meeting November 5, 2025 1 2 November 5, 2025 2 Financial Advisory Commission Special Meeting 11/5/2025 Public Comment Financial Advisory Commission Special Meeting 11/5/2025 Confirmation of Agenda 3 4 November 5, 2025 3 Financial Advisory Commission Special Meeting 11/5/2025 Announcements, Presentations (None) Financial Advisory Commission Special Meeting 11/5/2025 Consent Calendar 5 6 November 5, 2025 4 Financial Advisory Commission Special Meeting 11/5/2025 Business Item No. 1 Appoint Members of the Commission to Serve as Chairperson and Vice Chairperson for Fiscal Year 2025/26 Prior Year Appointments Vice-ChairpersonChairpersonFiscal Year Daniel TwoheyW. Richard Mills2019/20 Daniel TwoheyW. Richard Mills2020/21 W. Richard MillsGeorge Batavick2021/22 Keith DorseyW. Richard Mills2022/23 Brian Anderson Keith Dorsey2023/24 Brian Anderson Keith Dorsey2024/25 7 8 November 5, 2025 5 Financial Advisory Commission Special Meeting 11/5/2025 Departmental Report Item No. 1 Finance Department Current and Future Initiatives Financial Advisory Commission Special Meeting 11/5/2025 Departmental Report Item No. 2 Second Quarter 2025 (April - June) Sales Tax Update 9 10 November 5, 2025 6 Major Industry Groups Summary • Sales Taxes for the quarter on a cash- receipt basis were up as compared to last year • The County and State also saw increases YOY • Increases were concentrated in the restaurant/hotel sector and the county pool 11 12 November 5, 2025 7 Top 25 Businesses Amazon Fulfillment Services Marshalls Best Buy PGA West Private Clubhouse Amazon MFA Nixon Egli Equipment Company Circle K Ross Best Buy OneSource Supply Solutions Costco Target Circle K PGA West Private Clubhouse Floor & Décor TJ Maxx Costco Ross Genesis/Hyundai of La Quinta Torre Nissan Dept. of Motor Vehicles Target Home Depot Tower Mart Floor & Décor TJ Maxx In-n-Out Burger Trader Joe's Genesis Hyundai of La Quinta Tower Mart Kohls Ulta Beauty Home Depot Trader Joe's La Quinta Chevrolet & Cadillac Verizon Wireless In-n-Out Burger Ulta Beauty La Quinta Resort & Club Vons Kohls Verizon Wireless Lowes Walmart La Quinta Resort & Club Walmart Marshalls WDC Kitchen & Bath Lowes McDonald's TOP 25 PRODUCERS - In Alphabetical Order Q2 2025 Measure G Sales Tax Change from Q1: Add Tower Mart, Verizon, Ulta, Trader Joe's and McDonalds. Remove Armold Palmer's, Cliffhouse, Lavendar Bistro, PGA Tour Superstore and Stuft Pizza Change from Q1: Add Ross, Genesis Hyundai, Ulta, Tower Mart, One Source, Nixon Egli, and Trader Joe's. Remove Armold Palmer's, Cliffhouse, Desert European Motorcars, Lavendar Bistro, Mathis Brothers, PGA Tour Superstore and Stuft Pizza Sales and MG History 2025/26 Budgets: Measure G $14.4 million, Sales Tax $11.6 million 13 14 November 5, 2025 8 The next Financial Advisory Commission Special Meeting will be on December 3, 2025 15 16