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2003 01 21 FAo� o OF f Financing Authority Agenda CITY COUNCIL CHAMBER 78-495 Calle Tampico La Quinta, California 92253 Tuesday January 21, 2003 - 3:00 p.m. Beginning Res. No. FA 2003-001 CALL TO ORDER ROLL CALL: Board Members: Henderson, Osborne, Perkins, Sniff, Chairperson Adolph 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 (3) 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 DECEMBER 17, 2002 CONSENT CALENDAR TRANSMITTAL OF TREASURER'S REPORT DATED NOVEMBER 30, 2002. 2. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED NOVEMBER 30, 2002, AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING DECEMBER i 31, 2002. l BUSINESS SESSION 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 February 18, 2003 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, January 21, 2003, 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 111, on Friday, January 17, 2002. DATED: January 17, 2003 J N REEK, CMC, Authorit ecretary 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 CleWs Office at 777-7025, 24-hours in advance of the meeting and accommodations will be made 002 La Quinta Finance Authority Page 2. January 21, 2003 c&ty/ 4 4 Q" COUNCIL/RDA MEETING DATE: ,January 21, 2003 ITEM TITLE: Transmittal of Treasurer's Report as of November 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 0()1 T-4wt 4 4a 4" COUNCIL/RDA MEETING DATE: ITEM TITLE: Transmittal of Revenue and Expenditure Report November 30, 2002 and Investment Summary Report for the Quarter Ending December 31, 2002 RECOMMENDATION: Receive and File AGENDA CATEGORY: BUSINESS SESSION: January 21, 2002 CONSENT CALENDAR: LZ STUDY SESSION: BACKGROUND AND OVERVIEW: PUBLIC HEARING: Transmittal of the November 30, 2002 Statement of Revenue and Expenditures and Investment Summary Report for the Quarter Ending December 31, 2002 for the La Quinta Financing Authority. Respec ully submitted: ohn M. Falcorkr, Finance Director Approved for Submission by: Thomas P. Genovese, City Manager Attachments 1 : Revenue and Expenditures Report, November 30, 2002 2. Investment Summary Report for the Quarter Ending December 31, 2002 0t}� ATTACHMENT 1 LA QUINTA FINANCING AUTHORITY REVENUE DETAIL REMAINING BUDGET RECEIVED BUDGET RECEIVED DEBT SERVICE REVENUE: Contractual Services Fees 9,175.00 0.00 9,175.00 0.000% Non Allocated Interest (141,28) 141,28 0.000% Rental Income 678,955.00 485,492.56 193,462.44 71.510% Transferin 0.00 0,00 0.000% TOTAL DEBT SERVICE 688,130.00 485,351.28 202,778.72 70.530% CAPITAL IMPROVEMENT REVENUE: Pooled Cash Allocated Interest (1.56) 1.56 0.000 Non Allocated Interest 115.12 (115.12) 0.000 TOTAL CIP REVENUE 0.00 113.56 (113.56) 0.000% TOTAL FINANCING AUTHORITY 688,130.00 485,464.84 202,665.16 70.550% 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 07/01/2002 - 11/30/02 REMAINING % BUDGET EXPENDITURES ENCUMBERED BUDGET EXPENDED 9,686.00 1,622.49 0.00 8,063.51 16.8% 285,000.00 285,000.00 0.00 0.00 100.0% 394,435.00 200,495.00 0.00 193,940.00 50.8% 0.00 0.00 0.00 0.0°% 689,121.00 487,117.49 0.00 202,003.51 70.7% (131,792.42) 0.00 0.00 (131,792.42) 0.0% (131,792.42) 0.00 0.00 (131,792.42) 0.0% TOTAL FINANCING AUTHORITY 557,328.58 487,117.49 0.00 70,211.09 87.40% ��4 ATTACHMENT 2 a� 0 c O O LL fD E E 7 C Cy N N C N > CM C L a)J C L r E o O 7 N Goo t� LL H O V M N N(l) O M C E M O O d 7 l0 O M O c7 �C M d9 10 N 7 A Of > M O (h M m a c C LL LL pN, 7 =3 d N C � � C C U U > U in Q D U � N � O a c Q d w (D 7 N C Q C C C Y Y O L d m m 0 O H uj C6 f9 M c C n '3 O d U f0 f0 J L O N N f0 U ) CU L O N .. L O O C O 7 C U O � � C E N [2 c O O O j � � U CL 0 0 re E o = a E :3 N > U N — U � (D a) N @ N 7 y � c a� F- O c�a U f0 O Co c: �C O U O N LL L U r1--.y i I! :, 5