2002 09 17 FAv = 5
OF T
Financing Authority
Agenda
CITY COUNCIL CHAMBER
78-495 Calle Tampico
La Quinta, California 92253
Tuesday, September 17, 2002 - 3:00 p.m.
Beginning Res. No. FA 2002-04
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
APPROVAL OF MINUTES OF JULY 16, 2002
CONSENT CALENDAR
1 . TRANSMITTAL OF TREASURER'S REPORT DATED JUNE 30, 2002, AND JULY 31,
2002.
2. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED JUNE 30, 2002,
AND JULY 31, 2002.
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 October 15,
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, September 17,
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, September 13, 2002.
DATED: September 13, 2002
J E S. 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
City Council Agenda Page 2 September 17, 2002
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4
Gay OF T1 �4 AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: September 17, 2000 CONSENT CALENDAR:
ITEM TITLE: STUDY SESSION:
Transmittal of Treasurer's Report PUBLIC HEARING:
as of June 30, 2002 and July 31, 2002
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
OF AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: September 17, 2002
ITEM TITLE:
Transmittal of Revenue and Expenditure
Reports, dated June 30, 2002 and July 31,2002
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
BUSINESS SESSION:
CONSENT CALENDAR: a'
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the June 30, 2002 and July 31,2002 Statements of Revenue and
Expenditures for the La Quinta Financing Authority.
Respectfully submitted,
Jdhn M. Falconer,/Finance Director
Approved for Submission by:
Thomas P. Genovese, City Manager
Attachments 1 : Revenue and Expenditures Report, June 30, 2002
2: Revenue and Expenditures Report, July 31, 2002
ATTACHMENT 1
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
TOTAL FINANCING AUTHORITY
BUDGET RECEIVED
9,589.00 9,589.00
455.27
678,955.00 680,243.83
0.00
688,544.00 690,288.10
REMAINING %
BUDGET RECEIVED
0.00
100.000%
(455.27)
0.000%
(1,288.83)
100.190%
0.00
0.000%
(1,744.10) 100.250%
1,670.23 (1,670.23) 0.000%
11,320.24 (11,320.24) 0.000%
0.00 12,990.47 (12,990.47) 0.000%
688.544.00 703,278.57 (14 734.57) 102 140%
v`�3
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
07/01/2001-0613012002
REMAINING
%
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
EXPENDED
9,589.00
7,404.50
0.00
2,184.50
77.2%
275,000.00
275,000.00
0.00
0.00
100.0%
407,178.00
407,177.50
0.00
0.50
100.0%
0.00
0.00
0.00
0.0%
691,767.00
689,582.00
0.00
2,185.00 -
99.7%
517,731.78
649,524.20
0.00
(131,792.42)
125.5%
517,731.78
649,524.20
0.00
(131,792.42)
125.5%
1,209 498.78_ 1,339,106.20 0.00 C129,607 42Z_ - 110 72%
1 j� 4
ATTACHMENT 2
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
TOTAL FINANCING AUTHORITY
REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
9,175.00 0.00
9,175.00
0.000%
0.00
0.00
0.000%
678,955.00 0.00
678,955.00
0.000%
0.00
0.00
0.000%
688,130.00 0.00
688,130.00
0.000%
0.00 0.00 0.000%
112.91 (112.91) 0.000%
0.00 112.91 (112.91) 0.000%
688,130.00 112.91 688,017.09 0.020%
LA QUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL
BONDINTEREST
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
TRANSFER OUT
07/0112002 - 07/31/2002 REMAINING %
BUDGET EXPENDITURES ENCUMBERED BUDGET EXPENDED
9,686.00
0.00
0.00
9,686.00
0.0%
285,000.00
0.00
0.00
285,000.00
0.0%
394,435.00
0.00
0.00
394,435.00
0.0%
0.00
0.00
0.00
0.0%
TOTAL DEBT SERVICE 689,121.00
0.00
0.00
689,121.00
0.0%
(131,792.42) 0.00 0.00 (131,792.42) 0.0%
TOTAL CAPITAL IMPROVEMENT (131,792.42) 0.00 0.00 (131,792.42) 0.0%
TOTAL FINANCING AUTHORITY 557,328.58 0.00 0.00 557,328.58 0.00%