2025 12 03 FAC Special MeetingFINANCIAL ADVISORY COMMISSION 1 DECEMBER 3, 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, December 3, 2025,
commencing at 3:30 p.m. at La Quinta City Hall located at 78495 Calle Tampico, La
Quinta, CA 92253 and Commissioner Kiehl participating by teleconference at:
The Leben Osaka Hotel – Business Center, 2-chrome2-15 Minamisenba, Chuo Ward,
Osaka, 543-0081, Japan for the following purpose:
ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS
1. EXPANDING LA QUINTA’S ELECTRICAL CAPACITY UPDATE
CONSENT CALENDAR
1. RECEIVE AND FILE SPECIAL MEETING MINUTES DATED
NOVEMBER 5, 2025
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
SEPTEMBER 30, 2025
BUSINESS SESSION
1. RECEIVE AND FILE FISCAL YEAR 2024/25 MEASURE G SALES TAX
COMPLIANCE REPORT
2. APPOINT TWO MEMBERS OF THE FINANCIAL ADVISORY COMMISSION TO
SERVE ON THE FISCAL YEAR 2026/27 GENERAL FUND OPERATING
BUDGET SUBCOMMITTEE
3. RECEIVE AND FILE FIRST QUARTER FISCAL YEAR 2025/26 TREASURY
REPORTS FOR JULY, AUGUST, AND SEPTEMBER 2025
DEPARTMENTAL REPORTS
1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
FINANCIAL ADVISORY COMMISSION 2 DECEMBER 3, 2025
SPECIAL MEETING
Dated: November 26, 2025 /s/Ellen Way
ELLEN WAY, Chairperson
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 December 3, 2025,
was posted on the City’s website in the “Calendar / Public Meetings” direct 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 Cove Post Office at 51321 Avenida Bermudas, on November
26, 2025.
AMANDA GUERRERO, Commission Secretary
FINANCIAL ADVISORY COMMISSION Page 1 of 5 DECEMBER 3, 2025
SPECIAL MEETING – AGENDA
FINANCIAL ADVISORY COMMISSION
AGENDA
CITY HALL COUNCIL CHAMBER
78495 Calle Tampico, La Quinta
and
Commissioner Kiehl participating by teleconference at:
The Leben Osaka Hotel – Business Center
2-chrome2-15 Minamisenba, Chuo Ward, Osaka, 543-0081, Japan
SPECIAL MEETING
WEDNESDAY, DECEMBER 3, 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, Dorsey, Kiehl (attending via teleconference), Lee,
Mast, Niblo, and Chair Way
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
Financial Advisory Commission agendas and
staff reports are now available on the City’s
web page: www.laquintaca.gov
FINANCIAL ADVISORY COMMISSION Page 2 of 5 DECEMBER 3, 2025
SPECIAL MEETING – AGENDA
ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS
1. EXPANDING LA QUINTA’S ELECTRICAL CAPACITY UPDATE
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
PAGE
1. RECEIVE AND FILE SPECIAL MEETING MINUTES DATED
NOVEMBER 5, 2025
7
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
SEPTEMBER 30, 2025
11
BUSINESS SESSION
PAGE
1. RECEIVE AND FILE FISCAL YEAR 2024/25 MEASURE G SALES TAX
COMPLIANCE REPORT
17
2. APPOINT TWO MEMBERS OF THE FINANCIAL ADVISORY COMMISSION
TO SERVE ON THE FISCAL YEAR 2026/27 GENERAL FUND OPERATING
BUDGET SUBCOMMITTEE
27
3. RECEIVE AND FILE FIRST QUARTER FISCAL YEAR 2025/26 TREASURY
REPORTS FOR JULY, AUGUST, AND SEPTEMBER 2025
29
STUDY SESSION – None
DEPARTMENTAL REPORTS
PAGE
1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
103
COMMISSIONERS’ ITEMS
ADJOURNMENT
The next Commission regular meeting will be held on February 11, 2026, 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 Commission special meeting
was published on the City’s website in the “Calendar / Public Meetings” direct 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 Cove Post Office at 51321 Avenida Bermudas, on November 26, 2025.
FINANCIAL ADVISORY COMMISSION Page 3 of 5 DECEMBER 3, 2025
SPECIAL MEETING – AGENDA
DATED: November 26, 2025
Amanda Guerrero, Commission Secretary
City of La Quinta, California
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)].
Closed captions in English and Spanish are available through the City’s video
streaming services for live public meetings at www.laquintaca.gov/livemeetings and for
the video archive at www.laquintaca.gov/pastmeetings.
The La Quinta City Council Chamber is wheelchair accessible. If hearing assistance
equipment is needed, please contact the Commission Secretary at (760) 777-7055,
24-hours in advance of the meeting and accommodation 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
FINANCIAL ADVISORY COMMISSION Page 4 of 5 DECEMBER 3, 2025
SPECIAL MEETING – AGENDA
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.
Members of the public who utilize a translator shall be provided at least twice of the allotted
time to ensure non-English speakers receive the same opportunity to directly address the
Commission.
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 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
FINANCIAL ADVISORY COMMISSION Page 5 of 5 DECEMBER 3, 2025
SPECIAL MEETING – AGENDA
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.
Closed Caption and Translation – are accessible through the Zoom Webinar audiovisual
platform and accessible in real-time to all teleconference participants.
6
FINANCIAL ADVISORY COMMISSION Page 1 of 3 NOVEMBER 5, 2025
SPECIAL MEETING – MINUTES
FINANCIAL ADVISORY COMMISSION
SPECIAL MEETING
MINUTES
WEDNESDAY, NOVEMBER 5, 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 Chair Dorsey.
PRESENT: Commissioners Anderson, Kiehl, Lee, Mast, Niblo, Way and Chair Dorsey
ABSENT: None
PLEDGE OF ALLEGIANCE
Commissioner Way led the audience in the Pledge of Allegiance.
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None
CONFIRMATION OF AGENDA - Confirmed
ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS - None
CONSENT CALENDAR ITEMS
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
MOTION – A motion was made and seconded by Commissioners Way/Anderson to
approve the Consent Calendar as presented. Motion passed unanimously.
BUSINESS SESSION
1.APPOINT MEMBERS OF THE FINANCIAL ADVISORY COMMISSION TO
SERVE AS CHAIRPERSON AND VICE CHAIRPERSON FOR FISCAL YEAR
2025/26
CONSENT CALENDAR ITEM NO. 1
7
FINANCIAL ADVISORY COMMISSION Page 2 of 3 NOVEMBER 5, 2025
SPECIAL MEETING – MINUTES
Principal Management Analyst Hallick presented the staff report, which is on file with the
Finance Department.
Commissioners discussed their individual willingness and availability to serve in either
capacity; the importance of providing Commissioners with the opportunity to serve in
leadership positions; and their respective appointments term expirations. Commissioner
Way, Vice Chair Anderson, and Chair Dorsey expressed willingness to serve as
Chairperson or Vice Chairperson. The Commission reached a consensus to appoint
Commissioner Way and Vice Chair Anderson to serve as Chairperson and Vice
Chairperson, respectively.
MOTION – A motion was made and seconded by Commissioners Kiehl/Lee to appoint
Commissioner Way to serve as Chairperson for fiscal year 2025/26. Motion passed
unanimously.
MOTION – A motion was made and seconded by Commissioners Kiehl/Dorsey to re-
appoint Vice Chairperson Anderson to serve as Vice Chairperson for fiscal year 2025/26.
Motion passed unanimously.
OUTGOING CHAIRPERSON DORSEY TURNED OVER PRESIDING OFFICER
DUTIES TO NEWLY APPOINTMENT CHAIRPERSON WAY FOR THE
REMAINDER OF THE MEETING
STUDY SESSION – None
DEPARTMENTAL REPORTS
1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES
Staff provided updates on current and upcoming Finance Department initiatives, noting
preparations for the Annual Comprehensive Financial Report (ACFR) for fiscal year (FY)
2024/25, and currently ongoing Measure A Local Streets and Road Audit for FY 2024/25
are in progress; the Measure G Sales Tax Oversight Compliance Subcommittee
Compliance Report is scheduled to be presented at the December Commission meeting;
the upcoming California Society of Municipal Finance Officers (CSMFO) Annual
Conference will be held at the Palm Springs Convention Center; Finance Director
Martinez and Principal Management Analyst Hallick will serve as presenters at CSMFO.
Staff encouraged Commissioners’ participation at the CSMFO conference which could
feature topics such as fraud control, cyber security, accounts payable, payroll, pension
liability and investment management.
Staff noted major Citywide updates, including the ongoing bankruptcy proceedings for the
SilverRock (formerly Talus) project, continued work on the Highway 111 Corridor Specific
Plan, and the Federal Emergency Management Assistance funding related to expenses
incurred due to tropical storm Hilary were being finalized. The Commission expressed
interest in receiving a detailed update from the Planning Department and recognized
8
FINANCIAL ADVISORY COMMISSION Page 3 of 3 NOVEMBER 5, 2025
SPECIAL MEETING – MINUTES
successful completion of the roadway and landscaping improvements along
Highway 111.
Staff provided reminders regarding upcoming City events, including the Veterans
Recognition Ceremony and the La Quinta Arts Celebration.
2. SALES TAX UPDATE – SECOND QUARTER 2025 (APRIL - JUNE)
Staff provided an update on second quarter 2025 sales tax and Measure G revenues,
noting continued growth across major industries, and identifying new and one-time
vendors featured among the City’s top 25 revenue-generating businesses and increased
county pool revenue. The Commission discussed current economic trends and consumer
spending patterns.
The Commission commended staff for the timely completion of the City’s FY 2024/25
Comprehensive Audit; noting the Finance team successfully coordinated virtually with the
City’s firm Lance Soll & Lunghard, LLP (LSL), and that the audit partner was onsite in
person for one day during the audit.
COMMISSIONERS’ ITEMS
Commissioner Anderson provided observations regarding interest allocation trends and
gas tax revenues. Staff reported that market conditions will continue to be closely
monitored following the Federal Reserve’s October rate cut, but see no changes in the
overall approach to the City’s investment portfolio.
The Commission discussed travel trends, anticipated impacts of seasonal tourism across
the Coachella Valley, upcoming CSFMO conference sessions and expressed
appreciation to outgoing Chair Dorsey for his leadership over the past year.
ADJOURNMENT
There being no further business, it was moved and seconded by Commissioners
Dorsey/Kiehl to adjourn this meeting at 4:21 p.m. Motion passed unanimously.
Respectfully submitted,
Amanda Guerrero, Commission Secretary
City of La Quinta, California
9
10
City of La Quinta
FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: December 3, 2025
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
SEPTEMBER 30, 2025
RECOMMENDATION
Receive and file revenue and expenditure report dated September 30, 2025.
EXECUTIVE SUMMARY
The report summarizes the City’s year-to-date (YTD) and month-to-date (MTD)
revenues and expenditures for September 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. 2
11
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 September 30, 2025
MTD YTD
Percent of
Budget YTD
Percent of
Budget
General Fund (GF)3,104,490$ 4,604,769$ 4.99% 4,330,089$ 5.23%
All Funds 10,135,743$ 13,722,063$ 8.15% 9,731,696$ 6.20%
MTD YTD
Percent of
Budget YTD
Percent of
Budget
General Fund 5,332,940$ 9,652,000$ 10.40% 6,553,744$ 7.86%
Payroll (GF)1,026,268$ 2,705,704$ 17.76% 2,486,330$ 17.60%
All Funds 24,092,918$ 33,611,760$ 21.51% 30,129,814$ 20.66%
September 2025 Revenues Comparison to 2024
September 2025 Expenditures Comparison to 2024
General Fund Non-General Fund
Measure G Sales Tax 1,128,639$ Federal Highway Bridge Program - Dune Palms Bridge 1,441,499$
Sales Tax 842,524$ Allocated Interest 1,145,444$
Transient Occupancy (Hotel) Tax 310,553$ Federal Earmark Funding - Hwy 111 pavement rehabilitation 768,579$
Zoning Change Mitigation Fees 232,362$ Coachella Valley Assoc. of Gov'ts - Dune Palms Bridge 661,956$
STVR Registration Fees 67,850$ SilverRock Green Fees 184,108$
General Fund Non-General Fund
Sheriff Contract (July)1,045,261$ Debt Service Payments- Successor Agency Bonds(1)15,115,645$
Parks Landscape Maintenance Contract 95,819$ Capital Improvement Program (CIP) - Construction(2)1,667,491$
Streets Maintenance/Services 91,050$ SilverRock Maintenance 217,236$
Parks Maintenance/Services 83,431$ Capital Improvement Program (CIP) - Design(3)187,334$
Fritz Burns Pool Programming 76,352$ Lighting & Landscape Maintenance Contract 133,083$
Top Five Revenue/Income Sources for September
Top Five Expenditures/Outlays for September
(1)Interest and principal payments for former redevelopment agency bonds, funded by dedicated Redevelopment Property Tax Trust Fund (RPTTF) revenue received from the
County.
(2)CIP Construction: Hwy 111 pavement rehabilitation; Fritz Burns Park.
(3)CIP Design: Cultural campus; CV Link connector; maintenance & operations yard; retention basins.
12
Page 1 of 3
City Council Month Revenue Report
Group Summary
For Fiscal: 2025/26 Period Ending: 09/30/2025
Fiscal
Activity
Variance
Favorable
(Unfavorable)
Period
ActivityFun…
Current
Total Budget
Original
Total Budget
Percent
Used
101 - GENERAL FUND 4,604,768.753,104,490.4592,242,254.00 92,242,254.00 -87,637,485.25 4.99%
105 - DISASTER RECOVERY FUND -5,164.700.00172,000.00 172,000.00 -177,164.70 3.00%
201 - GAS TAX FUND 273,639.09180,240.173,217,705.00 3,217,705.00 -2,944,065.91 8.50%
202 - LIBRARY & MUSEUM FUND -11,073.29624.254,420,000.00 4,420,000.00 -4,431,073.29 0.25%
203 - PUBLIC SAFETY FUND (MEASURE G)-178.200.006,000.00 6,000.00 -6,178.20 2.97%
210 - FEDERAL ASSISTANCE FUND 0.000.00160,100.00 160,100.00 -160,100.00 0.00%
212 - SLESA (COPS) FUND -656.770.00121,000.00 121,000.00 -121,656.77 0.54%
215 - LIGHTING & LANDSCAPING FUND 18,487.690.003,862,100.00 3,862,100.00 -3,843,612.31 0.48%
221 - AB 939 - CALRECYCLE FUND 6,560.623,677.3391,000.00 91,000.00 -84,439.38 7.21%
223 - MEASURE A FUND 139,429.48143,700.881,900,000.00 1,900,000.00 -1,760,570.52 7.34%
226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)0.000.0010,000.00 10,000.00 -10,000.00 0.00%
227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)0.000.005,400.00 5,400.00 -5,400.00 0.00%
230 - CASp FUND, AB 1379 4,433.451,608.0024,000.00 24,000.00 -19,566.55 18.47%
231 - SUCCESSOR AGCY PA 1 RORF 11,127.8710,981.5120,333,000.00 20,333,000.00 -20,321,872.13 0.05%
235 - SO COAST AIR QUALITY FUND -139.450.0057,000.00 57,000.00 -57,139.45 0.24%
237 - SUCCESSOR AGCY PA 1 ADMIN -184.150.0012,320.00 12,320.00 -12,504.15 1.49%
241 - HOUSING AUTHORITY 305,503.9680,426.651,666,000.00 1,666,000.00 -1,360,496.04 18.34%
243 - RDA LOW-MOD HOUSING FUND -4,495.490.00130,000.00 130,000.00 -134,495.49 3.46%
247 - ECONOMIC DEVELOPMENT FUND 7,547.741,305.65109,000.00 109,000.00 -101,452.26 6.92%
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)24,596.5624,596.5686,000.00 86,000.00 -61,403.44 28.60%
250 - TRANSPORTATION DIF FUND 119,416.1245,148.18579,000.00 579,000.00 -459,583.88 20.62%
251 - PARKS & REC DIF FUND 51,466.7521,372.00203,000.00 203,000.00 -151,533.25 25.35%
252 - CIVIC CENTER DIF FUND 30,583.6712,682.26160,000.00 160,000.00 -129,416.33 19.11%
253 - LIBRARY DEVELOPMENT DIF 9,984.004,029.0030,500.00 30,500.00 -20,516.00 32.73%
254 - COMMUNITY & CULTURAL CENTERS DIF 23,240.579,702.0095,000.00 95,000.00 -71,759.43 24.46%
257 - FIRE PROTECTION DIF 9,083.973,801.3151,000.00 51,000.00 -41,916.03 17.81%
259 - MAINTENANCE FACILITIES DIF FUND 9,135.083,432.0347,000.00 47,000.00 -37,864.92 19.44%
270 - ART IN PUBLIC PLACES FUND 20,235.565,272.76181,000.00 181,000.00 -160,764.44 11.18%
299 - INTEREST ALLOCATION FUND 2,449,319.261,145,443.660.00 0.00 2,449,319.26 0.00%
310 - LQ FINANCE AUTHORITY DEBT SERVICE 0.000.001,000.00 1,000.00 -1,000.00 0.00%
401 - CAPITAL IMPROVEMENT PROGRAMS 2,881,934.622,872,034.6224,293,033.00 24,293,033.00 -21,411,098.38 11.86%
501 - FACILITY & FLEET REPLACEMENT 392,490.82397,375.001,745,500.00 1,745,500.00 -1,353,009.18 22.49%
502 - INFORMATION TECHNOLOGY 1,080,927.141,053,717.554,195,000.00 4,195,000.00 -3,114,072.86 25.77%
503 - PARK EQUIP & FACILITY FUND 242,594.86246,250.001,035,000.00 1,035,000.00 -792,405.14 23.44%
504 - INSURANCE FUND 343,625.43344,735.251,395,941.00 1,395,941.00 -1,052,315.57 24.62%
601 - SILVERROCK RESORT 353,925.49203,012.575,470,000.00 5,470,000.00 -5,116,074.51 6.47%
760 - SUPPLEMENTAL PENSION PLAN -61.890.007,000.00 7,000.00 -7,061.89 0.88%
761 - CERBT OPEB TRUST 108,680.12108,680.1240,000.00 40,000.00 68,680.12 271.70%
762 - PARS PENSION TRUST 221,277.84107,403.43200,000.00 200,000.00 21,277.84 110.64%
Report Total:10,135,743.19 13,722,062.57168,353,853.00 168,353,853.00 -154,631,790.43 8.15%
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
13
Page 2 of 3
City Council Month Expense Report
Group Summary
For Fiscal: 2025/26 Period Ending: 09/30/2025
Fiscal
Activity
Variance
Favorable
(Unfavorable)
Period
ActivityFun…
Current
Total Budget
Original
Total Budget
Percent
Used
101 - GENERAL FUND 9,652,000.485,332,940.2492,822,188.00 92,822,188.00 83,170,187.52 10.40%
105 - DISASTER RECOVERY FUND 0.000.004,993,504.00 4,993,504.00 4,993,504.00 0.00%
201 - GAS TAX FUND 437,688.00301,250.293,224,885.00 3,224,885.00 2,787,197.00 13.57%
202 - LIBRARY & MUSEUM FUND 92,231.4151,596.253,149,391.00 3,149,391.00 3,057,159.59 2.93%
210 - FEDERAL ASSISTANCE FUND 0.000.00160,000.00 160,000.00 160,000.00 0.00%
212 - SLESA (COPS) FUND 0.000.00100,000.00 100,000.00 100,000.00 0.00%
215 - LIGHTING & LANDSCAPING FUND 722,067.64314,472.113,854,500.00 3,854,500.00 3,132,432.36 18.73%
221 - AB 939 - CALRECYCLE FUND 17,664.508,664.50205,000.00 205,000.00 187,335.50 8.62%
223 - MEASURE A FUND 0.000.001,124,132.00 1,124,132.00 1,124,132.00 0.00%
226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)10,335.000.0010,000.00 10,000.00 -335.00 103.35%
227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)0.000.005,000.00 5,000.00 5,000.00 0.00%
230 - CASp FUND, AB 1379 0.000.005,500.00 5,500.00 5,500.00 0.00%
231 - SUCCESSOR AGCY PA 1 RORF 15,115,644.8215,115,644.824,271,147.00 4,271,147.00 -10,844,497.82 353.90%
235 - SO COAST AIR QUALITY FUND 0.000.0040,000.00 40,000.00 40,000.00 0.00%
237 - SUCCESSOR AGCY PA 1 ADMIN 1,800.000.0011,000.00 11,000.00 9,200.00 16.36%
241 - HOUSING AUTHORITY 392,922.93131,686.901,709,533.00 1,709,533.00 1,316,610.07 22.98%
243 - RDA LOW-MOD HOUSING FUND 375,000.000.00325,000.00 325,000.00 -50,000.00 115.38%
247 - ECONOMIC DEVELOPMENT FUND 681.67681.6731,500.00 31,500.00 30,818.33 2.16%
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)0.000.00150,000.00 150,000.00 150,000.00 0.00%
250 - TRANSPORTATION DIF FUND 400,000.000.00979,109.00 979,109.00 579,109.00 40.85%
253 - LIBRARY DEVELOPMENT DIF 0.000.0015,000.00 15,000.00 15,000.00 0.00%
254 - COMMUNITY & CULTURAL CENTERS DIF 0.000.00482,561.00 482,561.00 482,561.00 0.00%
259 - MAINTENANCE FACILITIES DIF FUND 0.000.00362,526.00 362,526.00 362,526.00 0.00%
270 - ART IN PUBLIC PLACES FUND 36,495.7813,936.14233,000.00 233,000.00 196,504.22 15.66%
310 - LQ FINANCE AUTHORITY DEBT SERVICE 0.000.001,000.00 1,000.00 1,000.00 0.00%
401 - CAPITAL IMPROVEMENT PROGRAMS 2,856,603.791,946,975.1924,293,033.00 24,293,033.00 21,436,429.21 11.76%
501 - FACILITY & FLEET REPLACEMENT 141,648.9237,254.721,745,913.00 1,745,913.00 1,604,264.08 8.11%
502 - INFORMATION TECHNOLOGY 865,790.00196,279.114,195,820.00 4,195,820.00 3,330,030.00 20.63%
503 - PARK EQUIP & FACILITY FUND 446,872.21430,281.40935,000.00 935,000.00 488,127.79 47.79%
504 - INSURANCE FUND 1,179,506.36303.301,242,600.00 1,242,600.00 63,093.64 94.92%
601 - SILVERROCK RESORT 844,659.52207,548.675,517,000.00 5,517,000.00 4,672,340.48 15.31%
760 - SUPPLEMENTAL PENSION PLAN 12,832.860.0012,850.00 12,850.00 17.14 99.87%
761 - CERBT OPEB TRUST 399.13399.131,500.00 1,500.00 1,100.87 26.61%
762 - PARS PENSION TRUST 8,914.513,003.8730,000.00 30,000.00 21,085.49 29.72%
Report Total:24,092,918.31 33,611,759.53156,239,192.00 156,239,192.00 122,627,432.47 21.51%
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.
14
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
15
16
City of La Quinta
FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: December 3, 2025
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE FISCAL YEAR 2024/25 MEASURE G SALES
TAX COMPLIANCE REPORT
RECOMMENDATION
Receive and file fiscal year 2024/25 Measure G Sales Tax Compliance Report.
EXECUTIVE SUMMARY
Measure G revenue for fiscal year 2024/25 was $15,638,218 and the Measure G
reserve balance as of June 30, 2025 was $29,623,592.
The Financial Advisory Commission (Commission) provides oversight of Measure G
revenue and prepares an annual Measure G Sales Tax Oversight Report (Report)
to ensure Measure G revenue is used in compliance with the ballot initiative.
This report will be presented to Council on December 16, 2025.
FISCAL IMPACT – None
BACKGROUND/ANALYSIS
In accordance with the Measure G ballot measure, the Commission provides oversight of
Measure G funds. This Measure G Report was prepared by the Finance Department with
assistance from Commission members (Commissioners Anderson and Mast).
The Annual Measure G Sales Tax Oversight Report for Fiscal Year 2024/25 (Attachment
1) covers the period from July 1, 2024, through June 30, 2025, and provides a summary
of the Measure G revenue and expenditures for the fiscal year, as well as an inception-
to-date summary.
ALTERNATIVES
The Commission may request additional information before filing this Report.
Prepared by: Claudia Martinez, Finance Director/City Treasurer
Attachment:
1. Annual Measure G Sales Tax Oversight Report for Fiscal Year-Ended June 30, 2025
BUSINESS SESSION ITEM NO. 1
17
$QQXDOMeasure G Sales Tax Oversight Report
)LVFDO<HDU(QGHG-XQH5
&DOLIRUQLD
ATTACHMENT 1
18
THIS PAGE INTENTIONALLY LEFT BLANK
19
1
ANNUAL MEASURE G SALES TAX OVERSIGHT
REPORT FOR FISCAL YEAR ENDED JUNE 30, 2025
OVERVIEW
The Financial Advisory Commission (FAC) provides oversight of Measure G tax revenue. This
Annual Measure G Sales Tax Oversight Report covers the fiscal year beginning July 1, 2024,
through June 30, 2025. Exhibit A includes a detailed summary of all Measure G activity.
Measure G is a 1% transactions tax applied to sales of taxable goods and is part of the overall
8.75% sales tax rate in the City. It applies to goods transferred at the point of sale (businesses
within La Quinta City limits), and to goods purchased in other jurisdictions that are delivered to
addresses within the City.
Measure G revenue continues to help La Quinta thrive and remains essential to the City’s long-
term financial health. These funds support the realization of La Quinta’s Sacred Values – Fiscal
Sustainability, Health and Wellness, a Vibrant and Safe Community, a Visually Beautiful City,
and Cultural Diversity – ensuring that our community continues to shine as “The Gem of the
Desert,” now and for generations to come.
REPORT HIGHLIGHTS
Fiscal Year 2024/25
Revenue from Measure G totaled approximately $15.6 million, which is slightly above
the budgeted amount of $15.5 million and consistent with the prior fiscal year’s revenue
of $15.5 million, reflecting stable performance year over year.
An allocation of $12.2 million went towards citywide infrastructure and public
recreational facility improvements, creating lasting assets for public use and enjoyment.
The City invested $7.3 million in public safety services, which continues to be a top
priority for La Quinta.
20
2
Approximately $4 million of Measure G reserves was utilized for capital improvement
projects, bringing the total reserve balance to $29.6 million. These reserves are
intentionally maintained to ensure long-term financial stability and to provide flexibility
during economic downturns.
Since Inception
$108 million in total Measure G funds has been collected, and the City continues to
utilize these funds in alignment with the original intent of Measure G.
Approximately $45 million or 42% of Measure G funds have been allocated to improving
citywide infrastructure and public recreational facilities.
Public safety services are a priority of La Quinta and have been supported with
approximately $33.2 million or 31% of Measure G funds.
Fiscally responsible budgeting, prudent long-term financial projections, funds oversight,
and financial transparency have strengthened the City’s reserves with Measure G funds
since the implementation of Measure G in April 2017. These practices have supported
the City’s strong fiscal standing, reflected in its top ranking on the California Policy
Center’s Local Fiscal Health Dashboard.
FISCAL YEAR 2024/25 REVENUES
Total Measure G sales tax revenue for fiscal year FY 2024/25 was $15.6 million, which was
slightly higher than the $15.5 million initially anticipated when budgeted, reflecting stable
performance and continued fiscal resilience despite broader economic headwinds. Revenue
trends remained steady through FY 2024/25, with overall receipts showing modest year-over-
year growth. While certain consumer sectors such as restaurants and online retail performed
well, spending on goods and construction activity softened as households maintained cautious
spending patterns.
REVENUES SINCE INCEPTION
The chart below summarizes Measure G revenue received from fiscal years 2016/17 through
2024/25. Measure G sales tax revenue for FY 2024/25 was slightly above initial projections,
reflecting continued stability in local economic activity. While spending patterns remain
cautious, recent reductions in federal interest rates have generated optimism for improved
financing conditions and potential boosts in consumer confidence. However, ongoing national
tariff discussions and persistent inflationary pressures continue to influence household
spending power, contributing to a period of modest growth as the broader economy adjusts to
changing market conditions. Staff will closely monitor these trends and adjust projections as
needed to ensure prudent financial planning for the years ahead.
21
3
FISCAL YEAR 2024/25 USES
Operational expenses and capital improvements for FY 2024/25 were prioritized, with
approximately $12.2 million in Measure G funds allocated toward Capital Improvement Projects
citywide and $7.3 million allocated to public safety. To support these priorities, about $4 million
in Measure G reserves were utilized. No additional revenue was set aside for reserves this
fiscal year, as the focus remained on advancing key infrastructure, facility, and community
enhancement projects that align with the City’s long-term strategic goals.
USES SINCE INCEPTION
Annually, the City hosts a community workshop to either affirm and/or redirect the following
year’s budget priorities. Staff then evaluates funding options such as grants, interagency cost
sharing, and use of reserves. Public safety services have been a community priority since
before Measure G, and with the support of this additional revenue, the City has been able to
maintain the public safety service levels the community desires.
The chart below summarizes the uses since the inception of Measure G funds. Approximately,
$45 million, or 42% of these funds are for projects to improve citywide infrastructure and public
recreational facilities.
$-
$2
$4
$6
$8
$10
$12
$14
$16
$18
16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25
Mi
l
l
i
o
n
s
Fiscal Year
REVENUES SINCE INCEPTION
$108 MILLION
22
4
Public Safety use reflects the City’s continuing commitment to providing all residents
with a safe living environment.
Infrastructure improvement projects have included numerous road repairs to extend
their useful life, street striping projects, drainage improvements to avoid street flooding,
an investment in Highway 111 (a crucial commercial corridor for our City where a
majority of sales taxes are generated), an overhaul of landscape medians north of
Highway 111, the design of an updated corporate yard with administrative and crew
quarters, and Welcome Center improvements for city-owned property located near the
entrance to the Bear Creek Trail on Eisenhower Drive and Calle Tampico.
Recreation projects have included funding for the new X-Park near La Quinta High
School, the SilverRock event site, design of a new future Village Art Plaza Promenade
& Cultural Campus connected to the La Quinta Museum, Fritz Burns Park
improvements, citywide dog park improvements, and the Sports Complex lighting
replacement.
Measure G reserves reflect fiscal responsibility and allow for operational flexibility by
ensuring cash is available for public safety services and capital improvement projects
when they are most efficient to complete.
The chart below summarizes citywide infrastructure improvements and recreational projects,
totaling about $45 million funded with Measure G revenues.
LOOKING AHEAD
As La Quinta continues to navigate shifting economic conditions, Measure G remains essential
to the City’s ability to sustain core services and invest in community priorities. While the broader
economy is showing cautious optimism following recent reductions in federal interest rates,
ongoing tariff discussions and inflationary pressures continue to shape household spending
and local sales trends.
23
5
Looking forward, the City will continue to strategically invest Measure G funds in projects that
strengthen infrastructure, enhance public safety, and improve quality of life, while maintaining
a disciplined and transparent approach to financial management.
Key areas of focus include:
Critical electrical and utility infrastructure upgrades to improve system reliability,
capacity, and safety- including enhancements to energy gridlines and transformers that
reduce fire risk and ensure home security systems and essential services remain online.
Public safety facilities and technology investments to ensure continued community
protection
Roadway, bridge, and transportation improvements supporting connectivity and safety
Revitalization of the Highway 111 Corridor and enhancement of public spaces that
promote economic vitality and community pride
These efforts demonstrate La Quinta’s commitment to fiscal sustainability, proactive planning,
and resident-centered investment. Measure G funding remains a cornerstone of this
commitment, preserving the City’s financial strength and enabling La Quinta to uphold its
Sacred Values of Fiscal Sustainability, Health and Wellness, a Vibrant and Safe Community, a
Visually Beautiful City, and Cultural Diversity, ensuring that our community continues to shine
as “The Gem of the Desert” for generations to come.
MEASURE G BACKGROUND AND COMPLIANCE SUMMARY
Voters approved Ballot Measure G in November 2016, establishing a permanent one percent
(1%) transactions and use tax effective April 1, 2017. All Measure G revenues are fully
allocated to the City of La Quinta and are protected from State takeaways.
Measure G revenues are used in accordance with the voter-approved ballot measure to fund
essential services and community priorities, including:
Public safety, such as police protection
Capital improvement projects, including parks, streets, landscaping, and flood mitigation
Community programs that attract businesses, support youth and senior services,
enhance sports and recreation opportunities
Preservation of property values and quality of life for residents
This report confirms that all Measure G tax revenues are properly recorded and are being used
in full compliance with the requirements outlined in the ballot measure.
The City Council, management, and staff express their sincere appreciation to La Quinta
residents for their continued support and investment in maintaining the City’s long-term
financial sustainability and outstanding community character.
Prior oversight reports and information on Measure G are located online at
https://www.laquintaca.gov/business/tax-measure. Questions regarding this report or the use
of Measure G funds may be directed to the Finance Department by calling 760-777-7000 or by
email at finance@laquintaca.gov.
24
Fiscal Year (FY)
2016/17 Actual 1,462,650$
2017/18 Actual 9,967,657
2018/19 Actual 10,958,118
2019/20 Actual 10,310,526
2020/21 Actual 12,594,389
2021/22 Actual 15,615,802
2022/23 Actual 16,088,087
2023/24 Actual 15,471,183
2024/25 Actual 15,638,218
TOTAL 108,106,630$
Fiscal Year Operational Capital Reserves Total by Year
2016/17-2021/22 Total Operational- Public Safety 15,708,000
Total Capital- Various 29,846,099 15,355,043 60,909,142
2022/23 Public Safety Contract Services 5,100,000
Landscape Renovation Improvements 500,000
Sports Complex Lighting Replacement 300,000
Village Utilities Undergrounding Project 100,000
ADA Transition Plan Update 150,000
Village Parking Lot 500,000
Phase II Public Safety Camera System 1,797,000
Smart Infrastructure Improvements- Feasibility 250,000
Highway 111 Corridor Area Plan Implementation 1,000,000
Dune Palms Bridge Advance Funding Reimbursement (7,468,061)
Measure G Reserves 2022/23 13,859,148 16,088,087
2023/24 Public Safety Contract Services 5,100,000
Highway 111 Corridor Area Plan Implementation 1,000,000
Avenue 48 Art & Music Line 2,400,000
Fritz Burns Park Improvements 1,500,000
Highway 111 Event Site- Reprogrammed to Fritz Burns Park, see FY 2024/25 -
Washington St. Connector to Arts & Music Line 1,200,000
Measure G Reserves 2023/24 4,271,183 15,471,183
2024/25 Public Safety Contract Services 7,300,000
Pavement Management Plan Street Improvements 1,000,000
Corporate Yard Administration Offices & Crew Quarters 900,000
Village Art Plaza Promenade & Cultural Campus 1,000,000
Highway 111 Corridor Area Plan Implementation 3,050,000
Fritz Burns Park Improvements 5,000,000
Citywide Dog Park Improvements 500,000
Welcome Center Improvements 750,000
Measure G Reserves 2024/25 (3,861,782) 15,638,218
TOTAL 33,208,000$ 45,275,038$ 29,623,592$ 108,106,630$
31%42%27%
MEASURE G USES- Prior 3 Fiscal Years
REVENUE SUMMARY
MEASURE G USES- Historical
Project Description
MEASURE G
REVENUE AND USES SUMMARY
FY 2024/25
EXHIBIT A
25
26
City of La Quinta
FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: December 3, 2025
STAFF REPORT
AGENDA TITLE: APPOINT TWO MEMBERS OF THE FINANCIAL ADVISORY
COMMISSION TO SERVE ON THE FISCAL YEAR 2026/27 GENERAL FUND OPERATING
BUDGET SUBCOMMITTEE
RECOMMENDATION
Appoint two members of the Financial Advisory Commission to serve on the fiscal year
2026/27 General Fund Operating Budget Subcommittee and make funding
recommendations for Council’s consideration.
EXECUTIVE SUMMARY
Measure G, is the one percent (1%) Transactions and Use Tax Measure, approved
by voters at the November 8, 2016 General Election and subsequently adopted by
resolution on December 20, 2016 with an effective date of April 1, 2017.
The annual General Fund operating budget includes the use of Measure G sales taxes
with oversight by the Financial Advisory Commission (Commission) to ensure
accountability and transparency
Staff recommends the Commission appoint two of its members to serve on the
General Fund Operating Budget Subcommittee (Subcommittee) to review fiscal year
(FY) 2026/27 revenue and expenditure projections for the General Fund, including
those associated with Measure G funds.
The Subcommittee shall prepare a report and present their findings to the Commission
on April 8, 2026.
BACKGROUND/ANALYSIS
Measure G serves as a key revenue source for the City’s General Fund and is incorporated
into the annual General Fund operating budget. Each year the General Fund operating
budget includes revenue projections and proposed uses of Measure G funds. Revenue
generated by the Measure is subject to citizen oversight by the Commission.
Staff recommends appointing two of its members to the Subcommittee to review the FY
2026/27 General Fund projections. Staff and the Subcommittee shall present a report to the
BUSINESS SESSION ITEM NO. 2
27
Commission on April 8, 2025 for discussion. Staff anticipates the Subcommittee will meet
twice for approximately two-hours, during the months of February and March.
The Subcommittee’s review will include the following:
1.An overview of the City’s budget formulation process.
2. A review of all General Fund revenue projections.
3. A review of all General Fund expenditure uses.
4. A review of Special Funds supported by the General Fund such as the SilverRock
Golf Course Fund, Landscape and Lighting District Fund, and the Gas Tax Fund.
5. Proposed uses of Measure G sales tax revenue.
ALTERNATIVES
The Commission may appoint up to three members to the Subcommittee.
Prepared by: Claudia Martinez, Finance Director/City Treasurer
28
City of La Quinta
FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: December 3, 2025
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE FIRST QUARTER FISCAL YEAR 2025/26
TREASURY REPORTS FOR JULY, AUGUST, AND SEPTEMBER 2025
RECOMMENDATION
Receive and file the first quarter fiscal year 2025/26 Treasury Reports for July, August, and
September 2025.
BACKGROUND/ANALYSIS
Commentary and Summary of Significant Activity
The total book value of the portfolio decreased approximately $20.7 million from $301.4
million at the end of June to $280.7 million at the end of September. In addition to normal
operations, the decrease was due to the payment of Successor Agency debt service
obligations, as well as Capital Improvement Project expenditures such as the Highway 111
Pavement Rehabilitation Project. The portfolio is within policy limits for total allocation by
type and is also within policy guidelines for investment ratings. The chart below shows the
portfolio policy compliance as measured in market value.
The total market value of the portfolio decreased $19.9 million from $301.5 million in June
to $281.5 million in September. This variance differs from the book value decrease due to
market valuation fluctuations in response to interest rates. Utilizing short-term funds for
liquidity needs eliminates circumstances which might require the sale of longer-term
investments at unfavorable prices, and therefore the City remains unaffected by these
market fluctuations.
BUSINESS SESSION ITEM NO. 3
29
Treasury Rates
The annualized total rate of return averaged 3.73% for the quarter and the portfolio yield to
maturity was 3.69%. Total interest received for the quarter was $2.21 million.
City staff routinely evaluates liquidity needs while also monitoring market trends. We are
closely watching the treasury market, which continues to experience yield fluctuations as
the market tries to predict the Fed movements. We are continuing to utilize the CAMP pool,
but may transfer more assets to the Local Agency Investment Fund (LAIF) as yields
continue to drop. The City also continues to use a sweep function on both our operating
account and our custody bank cash account, whereby funds are placed into highly-rated
government funds (Invesco Treasury Portfolio – ticker TYCXX and First American Treasury
Fund – ticker FUZXX) that earn interest until such time that money is reinvested or used
for operations.
Throughout the quarter, seven federal agency bonds and four CDs matured, and one
agency bond was called. Five federal agency bonds, five treasuries, two CDs and one
CAMP TERM were purchased. Maturities and purchases are listed in detail in
Attachment 1.
Other Notes
Money market funds with the fiscal agent are bond proceeds subject to bond indentures,
not the City’s investment policy. Successor Agency (SA) funds cannot be invested long-
term; therefore, SA funds are only invested in LAIF.
Looking Ahead
The Treasurer follows a “buy and hold” Investment Policy, unless it is fiscally advantageous
to actively trade outside of maturity dates. In the short term, the Treasurer will invest in
Money Market/Mutual Funds, CAMP, LAIF, and U.S. Treasuries as needed. Longer term
investments may include Government Sponsored Enterprise (agencies) securities, U.S.
Treasuries, Corporate Notes, and Negotiable Certificates of Deposits. All investments
recognize both immediate and long-term cash flow needs, and there is sufficient liquidity in
the portfolio to meet expenditure requirements for the next six months.
Date 1 mo 2 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr
7/31/2025 4.49 4.46 4.41 4.31 4.10 3.94 3.89 3.96 4.14 4.37 4.89 4.89
8/29/2025 4.41 4.30 4.23 4.01 3.83 3.59 3.58 3.68 3.92 4.23 4.86 4.92
9/30/2025 4.20 4.15 4.02 3.83 3.68 3.60 3.61 3.74 3.93 4.16 4.71 4.73
Total Interest
Received
Average Days
to Maturity
Yield To
Maturity
Annualized
Total Rate of
Return
July 701,855$ 602 3.67% 3.70%
August 715,356$ 583 3.71% 3.70%
September 799,088$ 629 3.70% 3.78%
Quarter 1 2,216,299$ 605 3.69% 3.73%
30
ALTERNATIVES - None
Prepared by: Rosemary Hallick, Principal Management Analyst
Approved by: Claudia Martinez, Finance Director/City Treasurer
Attachment: 1. Treasurer’s Report for July 1, 2025 to September 30, 2025
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US Treasury Rates
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2025
102
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: December 3, 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 The City has received and reviewed the first draft of the Annual
Comprehensive Financial Report (ACFR) and is anticipating filing the final
ACFR by mid-December.
Annual Measure A Local Streets and Roads Audit for fiscal year 2024/25, to be
filed with the Riverside County Transportation Commission - in process
Completed Annual Street and Road Improvement Audit for fiscal year 2024/25 and
filed the required report with the State Controller’s Office
Annual Development Project Fee Reports for all Development Impact Fee (DIF)
Funds and the Art in Public Places (APP) Fund for fiscal year 2024/25 will be
presented to City Council on December 16, 2025.
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.
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
103
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.
Hwy 111 Corridor Specific Plan – The City has a dedicated website,
https://www.laquintaca.gov/our-city/city-departments/design-and-
development/planning-division/highway-111-specific-plan , updates below:
o Council and Planning Commission joint meeting held on September 26,
2023.
o Planning Commission meeting held on October 14, 2025 and City Council
meeting held on November 18, 2025.
o To date, expenditures related to the project are detailed in the Project
Activity Report (Attachment 1), in the amount of $1,300,058.05. 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
104
oversee the administration and management of the CVPA while the
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
The Community is invited to attend the City of La Quinta Open House on Tuesday,
December 2, 2025 at City Hall, starting at 5:00 PM.
The City is hosting a Community Outreach Meeting on Thursday, December 4,
2025 at City Hall at 5:00 PM, to discuss the upcoming Pavement Management
Plan (PMP) anticipated to begin construction this Winter of 2025.
The City will hold its annual Tree Lighting Ceremony on Friday, December 5, 2025
at Civic Center Campus from 6:00 - 8:00 PM to kick off the holiday season.
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
105
Page 1 of 611/21/2025 11:53:30 AM
Project Activity Report
City of La Quinta By Project Number
Report Dates: 07/01/2019 - 11/21/2025
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
106
Report Dates: 07/01/2019 - 11/21/2025Project Activity Report
Page 2 of 611/21/2025 11:53:30 AM
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.
107
Report Dates: 07/01/2019 - 11/21/2025Project Activity Report
Page 3 of 611/21/2025 11:53:30 AM
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:
90,103.75201905PProfessional 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
108
Report Dates: 07/01/2019 - 11/21/2025Project Activity Report
Page 4 of 611/21/2025 11:53:30 AM
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
2,137.5003/2023 HIGHWAY 111 CORRIDORProfessional Services 05/05/2023401-0000-60103 2019-08.45NAI CONSULTING INC
725.0003/2023 HIGHWAY 111 CORRIDORProfessional Services 05/05/2023401-0000-60103 2019-08.44NAI 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
109
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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
390.0009/2025 HIGHWAY 111 CORRIDORProfessional Services 10/24/2025401-0000-60103 2024-03.15NAI CONSULTING INC
1,302.50FY 25/26 Total:
Total Expenses: 1,300,058.05
71,476.25201905 Total:
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Summary
Project NameProject Number
Project Summary
Total Revenue Total Expense
Revenue Over/
(Under) Expenses
Highway 111 Corridor Area Plan Implementation2019051,228,581.80 1,300,058.05 -71,476.25
Project Totals:1,228,581.80 1,300,058.05 -71,476.25
Group Summary
Group Total Revenue Total Expense
Revenue Over/
(Under) Expenses
Fund 401 Construction in Process 1,228,581.80 1,300,058.05 -71,476.25
Group Totals:1,228,581.80 1,300,058.05 -71,476.25
Type Summary
Type Total Revenue Total Expense
Revenue Over/
(Under) Expenses
St Improvements 1,228,581.80 1,300,058.05 -71,476.25
Type Totals:1,228,581.80 1,300,058.05 -71,476.25
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POWER POINTS
DECEMBER 3, 2025
FINANCIAL
ADVISORY
COMMISSION
SPECIAL MEETING
December 3, 2025
1
Financial Advisory Commission
Special Meeting
December 3, 2025
1
2
December 3, 2025
2
Financial Advisory Commission Special Meeting
12/3/2025
Public Comment
Financial Advisory Commission Special Meeting
12/3/2025
Confirmation of Agenda
3
4
December 3, 2025
3
Financial Advisory Commission Special Meeting
12/3/2025
Announcements, Presentations
Expanding La Quinta’s Electrical Capacity Update
IID’s POLICY
•Growth pays for growth
•1934 Compromise Agreement requires same
rate for Coachella Valley as Imperial
•Coachella Valley has no representation on IID
Board
5
6
December 3, 2025
4
LA QUINTA
SUBSTATIONS
ROADBLOCK
•IID’s withdraw of Avenue 58 upgrade
•IID’s proposed alternate solution to free up
capacity at Avenue 58 involving construction
of two 100 MVA substations involving a cost
share with City, County and roughly 25
developers.
7
8
December 3, 2025
5
PATH FORWARD
•Become a member of the CVPA JPA
•Bring back Avenue 58 Substation Upgrade
•City to fund purchase of long lead time items
•City to participate in cost share to reserve
capacity for future/backstop
•Determine and refine repayment mechanism
Engineering and Procurement
Agreement
•Approved by IID Board on November 18, 2025
•Starting Q1-Q3 of 2026
•City advance funds up to $9.4 M
•These funds are first to be repaid as developers
participate
9
10
December 3, 2025
6
Funding and Reservation of Capacity
Agreement
•Approved by IID Board on November 18, 2025
•IID to participate up to 20%
•Developer’s participation must be > 50% of
remaining
•City and County to backstop as needed
58 Substation 50 MVA Bank Addition
•Total Cost $23.25 M
•IID maximum share @ 20% - $4.65 M
•Developer minimum share @ 50%* $9.3 M
•City maximum backstop @ 65% - $6.1 M
•County maximum backstop @ 35% - $3.2 M
11
12
December 3, 2025
7
Questions
13
14
December 3, 2025
8
Financial Advisory Commission Special Meeting
12/3/2025
Consent Calendar
Financial Advisory Commission Special Meeting
12/3/2025
Business Item No. 1
Receive and File Fiscal Year 2024/25 Measure G Sales Tax
Compliance Report
15
16
December 3, 2025
9
Overview of Measure G
• Transaction and use sales tax
• Voter approved on November 2016
• Effective on April 1, 2017
• No sunset, protected from State takeaways
• Oversight by Financial Advisory Commission
Revenue Summary
• FY 24/25 Measure G
$15.6 million, above
budgeted expectations
and the prior fiscal year’s
revenue
• $108 million in total
Measure G funds has
been collected since
inception
17
18
December 3, 2025
10
Uses Summary
AllocationUse
$33,208,000Public Safety
$ 9,818,914Landscape Improvements
$ 12,373,850Parks
$ 3,352,103Drainage
$ 4,172,158Road Improvements/Bridges
$ 7,300,000Highway 111
$6,461,013City Facilities/Infrastructure
$1,797,000Public Safety Camera
System
$29,623,592Reserves
$ 108,106,630Total
Looking Ahead
Continue to address critical needs & support City’s Sacred
Values:
Critical electrical & utility infrastructure improvements
Public Safety
Roadway, bridge, and transportation improvements
Revitalization of the Highway 111 Corridor
19
20
December 3, 2025
11
Subcommittee Recommendations
• Establish Measure G Reserve target levels
• Use excess reserves to fund Measure G capital
projects
• Options for implementation:
– Incorporate into the next full Reserve Policy update
(2028)
– Establish a FAC subcommittee to analyze
recommendations
Discussion
&
Questions
21
22
December 3, 2025
12
Financial Advisory Commission Special Meeting
12/3/2025
Business Item No. 2
Appoint Two Members of the Financial Advisory Commission to Serve
on the Fiscal Year 2026/27 General Fund Operating Budget
Subcommittee
Prior Year Appointments
Committee MembersFiscal Year
Anderson, Dorsey, and Mast 2022/23
Mast and Way 2023/24
Anderson, Dorsey, and Kiehl 2024/25
Lee, Mast, and Way 2025/26
23
24
December 3, 2025
13
Financial Advisory Commission Special Meeting
12/3/2025
Business Item No. 3
Receive and File First Quarter Fiscal Year 2025/26 Treasury
Reports for July, August, and September 2025
Portfolio Allocations as of September 2025
25
26
December 3, 2025
14
Interest Rates
Earnings Comparison
27
28
December 3, 2025
15
Bond Income
• Maturities of $7.0 million with coupon payments
of $99,246
• Purchases of $12.5 million with coupon
payments of $475,730
• Increase in annual income of $376,484
Pool/Money Market Income
• Last year $802,948 on approximately $65 million
• This year $830,401 on approximately $74 million
• Increase in actual dollars only due to higher
balances; on a similar balance income this year
would have declined by about $73,500
29
30
December 3, 2025
16
LAIF and CAMP
Going Forward
• Monitor FED releases and other public
comments; market is pricing in another cut for
December
• Transition money from CAMP into LAIF or
longer term investments as rates drop
• Manage cash effectively to maintain needed
liquidity while maximizing potential earnings
31
32
December 3, 2025
17
Questions?
Financial Advisory Commission Special Meeting
12/3/2025
Departmental Report Item No. 1
Finance Department Current and Future Initiatives
33
34
December 3, 2025
18
The next Financial Advisory Commission
Meeting will be on
February 11, 2026
35
36