2002 03 19 FA.01
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Financing Authority
Agenda
City Council Chamber
78-495 Calle Tampico
La Quinta, California 92253
Tuesday, March 19, 2002
3:00 PM
CALL TO ORDER
Beginning Res. No. FA 2002-01
ROLL CALL
Board Members: Adolph, Henderson, Perkins, Sniff, Chairman Pena
PUBLIC COMMENT
At this time, members of the public may address the Finance Authority on any
matter not listed on the agenda or scheduled for public hearing. Please complete a
"request to speak" form and limit your comments to three minutes.
For all Public Hearings on the agenda, a completed "request to speak" form must be
filed with the City Clerk prior to the Council beginning consideration of that item.
Please watch the timing device on the podium.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1 . MINUTES OF THE MEETING OF FEBRUARY 19, 2002
CONSENT CALENDAR
1. TRANSMITTAL OF TREASURER'S REPORT DATED JANUARY 31, 2002.
2. TRANSMITTAL OF REVENUE AND EXPENDITURE REPORT DATED JANUARY 31,
2002.
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BUSINESS SESSION - None
DEPARTMENT REPORTS - None
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
ADJOURNMENT -Adjourn to a Regular Meeting of the Financing Authority to be held on April 2,
2002, in the City Council Chambers, 78-495 Calle Tampico, CA 92253.
DECLARATION OF POSTING
I, June S. Greek, Secretary of the La Quinta Financing Authority, do hereby declare that the
foregoing agenda for the La Quinta Financing Authority meeting of March 19, 2002, was posted on
the outside entry to the Council Chamber, 78-495 Calle Tampico and on the bulletin board at the
La Quinta Chamber of Commerce and at Stater Bros., 78-630 Highway 111, on Tuesday, March
15, 2002.
DATED: March 15, 2002
JUNE S. GREEK, CIVIC
Secretary, La Quinta Financing Authority
PUBLIC NOTICE
The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed for
the hearing impaired, please call the City Clerk's Office at 777-7025, 24-hours in advance of the
meeting and accommodations will be made.
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Finance Authority Agenda Page 2 March 19, 2002
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COUNCIL/RDA MEETING DATE: March 19, 2002
ITEM TITLE:
Transmittal of Treasurer's Report
as of January 31, 2002
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR. /
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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OF AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: March 19, 2002
Transmittal of Revenue and Expenditure Report
January 31, 2002
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
BUSINESS SESSION:
CONSENT CALENDAR.
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the January 31, 2002 Statement of Revenue and Expenditures for the
La Quinta Financing Authority.
Respectfully submitted,
John M. Falconer, Finance Director
Approved for Submission by:
Thomas P. Genovese, City Manager
Attachments: 1. Revenue and Expenditures Report, January 31, 2002
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
Non Allocated Interest
TOTAL CIP REVENUE
BUDGET RECEIVED
9,175.00 0.00
383.35
678,955.00 481,682.50
0.00
REMAINING %
BUDGET RECEIVED
9,175.00
0.000%
(383.35)
0.000%
197,272.50
70.940%
0.00
0.000%
688,130.00 482,065.85
206,064.15 70.050%
1,865.76
(1,865.76) 0.000%
8,247.45
(8,247.45) 0.000%
0.00 10,113.21
(10,113.21) 0.000%
TOTAL FINANCING AUTHORITY 688,130.00 492,179.06 195,950.94 71.520%
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LA QUINTA FINANCING AUTHORITY
07/01/2001 - 01/31/2002
REMAINING
%
EXPENDITURE SUMMARY
BUDGET EXPENDITURES
ENCUMBERED
BUDGET
EXPENDED
DEBT SERVICE EXPENDITURES
SERVICES
9,589.00
6,576.50
0.00
3,012.50
68.6%
BOND PRINCIPAL
275,000.00
275,000.00
0.00
0.00
100.0%
BOND INTEREST
407,178.00
206,682.50
0.00
200,495.50
50.8%
TRANSFER OUT
0.00
0.00
0.00
0.0%
TOTAL DEBT SERVICE
691,767.00
488,259.00
0.00
203,508.00
70.6%
CAPITAL IMPROVEMENT EXPENDITURES
TRANSFER OUT
517,731.78
0.00
0.00
517,731.78
0.0%
TOTAL CAPITAL IMPROVEMENT
517,731.78
0.00
0.00
517,731.78
0.0%
TOTAL FINANCING AUTHORITY
1,209,498.78
488,259.00
0.00
721,239.78
40.37%
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