2002 11 19 FAJaa��U.bY1�gr.0
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Financing Authority
Agenda
CITY COUNCIL CHAMBER
78-495 Calle Tampico
La Quinta, California 92253
Tuesday November 19, 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 OCTOBER 15, 2002
CONSENT CALENDAR
TRANSMITTAL OF TREASURER'S REPORT DATED SEPTEMBER 30, 2002.
2. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED SEPTEMBER 30,
2002.
o0l
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 December
17, 2002, in the City Council Chambers, 78-495 Calle Tampico, La Quinta, 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, November 19,
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, 78-371 Highway 1 1 1, and at Stater Bros.,
78-630 Highway 1 1 1, on Friday, November 15, 2002.
DATED: November 15, 2002
JUNE 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
Financing Authority Agenda Page 2 November 19, 2002
COUNCIL/RDA MEETING DATE: November 192002
ITEM TITLE:
Transmittal of Treasurer's Report
dated September 30, 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
001,
T4tyl 4 atPQ"
AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: November 19, 2002 CONSENT CALENDAR: dam"
ITEM TITLE: STUDY SESSION:
Transmittal of Revenue and Expenditure
PUBLIC HEARING:
Report dated September 30, 2002
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
Transmittal of the September 30, 2002 Statement of Revenue and Expenditures for the
La Quinta Financing Authority.
Respectfglly submitted,
n M. Falconer, Finance Director
Approved for Submission by:
O
Thomas P. Genovese, Executive Director
Attachments 1: Revenue and Expenditures, September 30, 2002
nn4
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%
(480.56)
480.56
0.000%
678,955.00 0.00
678,955.00
0.000%
0.00
0.00
0.000%
688,130.00 (480.56)
688,610.56
-0.070%
(1.56) 1.56 0.000%
114.07 (114.07) 0.000%
0.00 112.51 (112.51) 0.000%
688,130.00 (368.05) 688,498.05-0.050%
u L, 3
LA QUINTA FINANCING AUTHORITY
07/01/2002 - 09/30/2002
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
EXPENDED
DEBT SERVICE EXPENDITURES
SERVICES
9,686.00
522.49
0.00
9,163.51
5.4%
BOND PRINCIPAL
285,000.00
0.00
0.00
285,000.00
0.0%
BOND INTEREST
394,435.00
0.00
0.00
394,435.00
0.0
TRANSFER OUT
0.00
0.00
0.00
0.0%
TOTAL DEBT SERVICE 689,121.00
522.49
0.00
688,598.51
0.1
CAPITAL IMPROVEMENT EXPENDITURES
TRANSFER OUT
(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 557,328.58 522.49 0.00 556,806.09 0.09%
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