2002 04 16 FAS4�
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Financing Authority
Agenda
City Council Chamber
78-495 Calle Tampico
La Quinta, California 92253
Tuesday, April 16, 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
MINUTES OF THE MEETING OF MARCH 19, 2002
CONSENT CALENDAR
1 . TRANSMITTAL OF TREASURER'S REPORT DATED FEBRUARY 28, 2002.
2. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED FEBRUARY 28,
2002, AND INVESTMENT SUMMARY FOR MARCH 31, 2002.
Too
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 May 21,
2002, in the City Council Chambers, 78-495 Calle Tampico, CA 92253.
DECLARATION OF POSTING
I, June S. Greek, Authority Secretary of the City of La Quinta Financing Authority, do hereby declare
that the foregoing agenda for the La Quinta Financing Authority meeting of Tuesday, April 16, 2002,
was posted on the outside entry to the Council Chambers, 78-495 Calle Tampico and on the bulletin
board at the La Quinta Chamber of Commerce and at Stater Bros. 78-630 Highway 1 1 1, on Friday,
April 12, 2002.
DATED: April 12, 2002
SQ�00, 4��54�
J GREEK, CIVIC
Authority Secretary, City of La Quinta, California
PUBLIC NOTICES
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
001
Finance Authority Page 2 June 19, 2001
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AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: April 16, 2002 CONSENT CALENDAR: /
ITEM TITLE:
STUDY SESSION:
Transmittal of Treasurer's Report PUBLIC HEARING:
as of February 28, 2002
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: April 16, 2002 CONSENT CALENDAR: vZ
ITEM TITLE:
STUDY SESSION:
Transmittal of Revenue and Expenditure Report for PUBLIC HEARING:
February 28, 2002 and Investment Summary Report
for the Quarter Ending March 31, 2002
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
Transmittal of the Statement of Revenue and Expenditures for February 28, 2002
and Investment Summary Report for the Quarter ending March 31, 2002 for the La
Quinta Financing Authority.
pectf y submitt ,
J hn M. Falconer Finance Director
Approved for submission by -
Thomas P. Genovese, City Manager
Attachments: 1 . Revenue and Expenditures for February 28, 2002 and Investment
Summary Report dated March 31, 2002
004
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
385.76
678,955.00 481,682.50
0.00
REMAINING %
BUDGET RECEIVED
9,175.00
0.000%
(385.76)
0.000%
197,272.50
70.940%
0.00
0.000%
688,130.00 482,068.26 206,061.74 70.050%
1,865.76 (1,865.76) 0.000%
8,928.07 (8,928.07) 0.000%
0.00 10,793.83 (10,793.83) 0.000%
TOTAL FINANCING AUTHORITY 688,130.00 492,862.09 195,267.91 71.620%
Ot?5
UG3
LA QUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL
BONDINTEREST
TRANSFER OUT
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
TRANSFER OUT
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
07/01/2001-02/28/2002
REMAINING
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
EXPENDED
9,589.00
6,576.50
0.00
3,012.50
68.6%
275,000.00
275,000.00
0.00
0.00
100.0%
407,178.00
206,682.50
0.00
200,495.50
50.8%
0.00
0.00
0.00
0.0%
691,767.00
488,259.00
0.00
203,508.00
70.6%
517,731.78 0.00 0.00 517,731.78 0.0%
517.731.78 0.00 0.00 517.731.78 0.0%
1,209,498.78 488 259.00 0.00 721 239.78 40.37%
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