1998 06 16 FA Minutesd_W LA QUINTA FINANCING AUTHORITY
MINUTES
JUNE16, 1998
Regular meeting of the La Quinta Financing Authority was called to order by
Chair Pena.
PRESENT: Board Members Adolph, Henderson, Perkins, Sniff, Chair Pena
ABSENT: None
PUBLIC COMMENT None
CONFIRMATION OF AGENDA Confirmed
APPROVAL OF MINUTES
MOTION It was moved by Board Members Sniff/Henderson to approve the Financing
Authority Minutes of April 7, 1998, as submitted. Motion carried unanimously.
BUSINESS SESSION
1. CONSIDERATION OF FISCAL YEAR 1998/99 PRELIMINARY BUDGET.
MOTION It was moved by Board Members Sniff/Henderson to approve the
Fiscal Year 1998/99 Preliminary Budget as amended. Motion carried
unanimously.
CONSENT CALENDAR
1. TRANSMITTAL OF TREASURER?S REPORT, DATED APRIL30, 1998.
2. ADOPTION OF RESOLUTION APPROVING THE INVESTMENT POLICY FOR
FISCAL YEAR 1998/99.
MOTION It was moved by Board Members Sniff/Perkins to approve the
Consent Calendar as recommended with Item No. 2 being approved by
RESOLUTION NO.98-03. Motion carried unanimously.
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DEPARTMENT REPORTS
1. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT, DATED
APRIL 30, 1998.
MOTION It was moved by Board Members Sniff/Pena to receive and file the
Revenue and Expenditures Report, dated April 30, 1998. Motion carried
unanimously.
CHAIR AND BOARD MEMBERS' ITEMS None
PUBLIC HEARINGS None
There being no further business, it was moved by Board Members Sniff/Henderson to
adjourn the meeting.
Resp tfully submitted
AUNDRA L. JUHOLA, Secretary
La Quinta Financing Authority
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