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Financing Authority
Agenda
CITY COUNCIL CHAMBER
78-495 Calle Tampico
La Quinta, California 92253
Tuesday February 18, 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
1. MINUTES OF THE MEETING OF JANUARY 21, 2002
CONSENT CALENDAR
1 . TRANSMITTAL OF TREASURER'S REPORT DATED DECEMBER 31, 2002.
2. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED DECEMBER 31,
2002.
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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 March 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, February 18,
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 1 1 1 , on
Friday, February 14, 2003.
DATED: February 14, 2003
J GREEK, CMC, _Au 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
La Quinta Finance Authority Page 2. February 18, 2003
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OFT9 AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: February 18, 2003
ITEM TITLE:
Transmittal of Treasurer's Report
as of December 31, 2002
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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OF AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE:
ITEM TITLE:
Transmittal of Revenue and
Expenditure Reports dated
December 31, 2002
RECOMMENDATION:
Receive and File
BUSINESS SESSION:
10
February 18, 2003 CONSENT CALENDAR:
BACKGROUND AND OVERVIEW:
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the December 31, 2002 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
Respectfully submitted,
n M. Falconer,
nance Director
Approved for Submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, December 31, 2002.
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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
0,00
(69.89)
69.89
0.000
Rental Income
678,955.00
485,492.56
193,462.44
71.510%
Transfer In
0.00
0.00
0.000
TOTAL DEBT SERVICE
688,130.00
485,422.67
202,707.33
70,540%
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
0.00
(1,56)
1.56
0.000%
Non Allocated Interest
0,00
115.51
(115.51)
0,000%
TOTAL CIP REVENUE
0.00
113.95
(113.95)
0,000%
TOTAL FINANCING AUTHORITY 688,130.00 485,536.62 202,593.38 70.560%
LA QUINTA FINANCING AUTHORITY 07/0112002-12/31/02 REMAINING
EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET EXPENDED
DEBT SERVICE EXPENDITURES
SERVICES
9,686.00
1,622.49
0.00
8,063.51
16.8%
BOND PRINCIPAL
285,000.00
285,000.00
0.00
0.00
100.0%
BONDINTEREST
394,435.00
200,495.00
0.00
193,940.00
50.8%
TRANSFER OUT
0.00
0.00
0.00
0.00
0.0%
TOTAL DEBT SERVICE
689,121.00
487,117.49
0.00
202,003.51
70.7
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 557,328.58 487,117.49 0.00 70,211.09 87,40
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