2002 05 21 FA/ T
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Financing Authority
Agenda
CITY COUNCIL CHAMBER
78-495 Calle Tampico
La Quinta, California 92253
Tuesday, May 21, 2002 - 3:00 p.m.
Beginning Res. No. FA 2002-02
CALL TO ORDER
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 MAY 7, 2002
CONSENT CALENDAR
TRANSMITTAL OF TREASURER'S REPORT FOR MARCH 31, 2002.
2. TRANSMITTAL OF REVENUE AND EXPENDITURE REPORT FOR MARCH 31, 20"
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, May 21, 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,
May 17, 2002.
DATED: May 17, 2002
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JUNE S. GR EK, CIVIC
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Authority Se retary, 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
Finance Authority Page 2 May 21, 2002
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AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: May 15, 2001 CONSENT CALENDAR:
ITEM TITLE:
STUDY SESSION:
Transmittal of Treasurer's Report
PUBLIC HEARING:
as of March 31, 2001
RECOMMENDATION:
It is recommended the La Quinta Financing Authority Board:
Receive and File the Treasurer's Report as of March 31, 2002.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
1
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COUNCIL/RDA MEETING DATE: May 21, 2002
Transmittal of Revenue and Expenditure Report
March 31, 2002
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: 0--
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the March 31, 2002 Statement of Revenue and Expenditures for the
La Quinta Financing Authority.
pectfj41ly submitt
Jol�ffM. Falcondr, F
a
ance Director
Approved for submission
by:
Thomas P. Genovese
City Manager
Attachments 1: Revenue and Expenditures Report, March 31, 2002
004
ATTACHMENT 1
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transferin
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
Non Allocated Interest
TOTAL CIP REVENUE
BUDGET RECEIVED
6,589.00 0.00
387.96
678,955.00 481,682.50
0.00
REMAINING %
BUDGET RECEIVED
6,589.00
0.000%
(387.96)
0.000%
197,272.50
70.940%
0.00
0.000%
685,544.00 482,070.46 203,473.54 70.320%
2,407.46 (2,407.46) 0.000%
9,554.49 (9,554.49) 0.000%
0.00 11,961.95 (11,961.95) 0.000%
TOTAL FINANCING AUTHORITY 685,544.00 494,032.41 191,511.59 72.060%
063
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
07/01/2001 •03/31/2002 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET EXPENDED
9,589.00
275,000.00
407.178.00
6.576.50
275,000.00
206,682.50
0.00
0.00
0.00
0.00
0.00
3,012.50
0.00
200,495.50
0.00
68.6%
100.0%
50.8%
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%
TOTAL FINANCING AUTHORITY 1,209,498.78 488 259.00 0.00 721 239.78 40.37%
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