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Financing Authority
Agenda
CITY COUNCIL CHAMBER
78-495 Calle Tampico
La auinta, California 92253
Tuesday April 15, 2003 - 3:00 a.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 MARCH 18, 2003.
CONSENT CALENDAR
1. TRANSMITTAL OF TREASURER'S REPORT DATED FEBRUARY 28, 2003.
2. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED MARCH 31, 2003.
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 20,
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, April 15, 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,
April 11, 2003.
DATED: April 11, 2003
�• 004&
JU REEK, CMC, Aut 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 April 15, 2003
I
COUNCIL/RDA MEETING DATE: April 15, 2003
ITEM TITLE:
Transmittal of Treasurer's Report
as of February 28, 2003
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
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: April 15, 2003
ITEM TITLE:
Transmittal of Revenue and Expenditure Report for
February 28, 2003 and Investment Summary Report
for the Quarter Ending March 31, 2003
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the Statement of Revenue and Expenditures for February 28, 2003
and Investment Summary Report for the Quarter ending March 31, 2003 for the La
Quinta Financing Authority.
espe,ffltfully subjpitte;l,
hn M. Falconer, Finance Director
A proved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures for February 28, 2003 and Investment
Summary Report dated March 31, 2003
E
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
REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
9,175.00
0.00
9,175.00
0.000%
0.00
(69.42)
69.42
0.000%
678,955.00
485,492.56
193,462.44
71.510%
0.00
0.00
0.000%
688,130.00
485,423.14
202,706.86
70.540%
0.00 (1.56) 1.56 0.000%
0.00 115.61 (115.61) 0.000%
0.00 114.05 (114.05) 0.000%
688,130.00 485,537.19 202,592.81 70.560%
2
LA QUINTA FINANCING AUTHORITY 07/01/2002 - 2/28103
REMAINING
%
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES ENCUMBERED
BUDGET
EXPENDED
DEBT SERVICE EXPENDITURES
SERVICES
9,686.00
2,711.49
0.00
6,974.51
28.0%
BOND PRINCIPAL
285,000.00
285,000.00
0.00
0.00
100.0%
BOND INTEREST
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
488,206.49
0.00
200,914.51
70.8%
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
488,206.49
0.00
69,122.09
87.60%
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