2003 05 20 FAH �z
PRW
OF '1
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday, May 20, 2003 - 3:00 P.M.
Beginning Resolution No. FA 2003-001
ALL TO ORDER
Roll Call:
Authority Board Members: Henderson, Osborne, Perkins, Sniff, and Chairman Adolph
PUBLIC COMMENT
At this time members of the public may address the Financing Authority on items that
appear within the Consent Calendar or matters that are not listed on the agenda. Please
complete a "request to speak" form and limit your comments to three minutes. When you
are called to speak, please come forward and state your name for the record. Please
watch the timing device on the podium.
For all Authority Business Session matters or Public Hearings on the agenda, a completed
"request to speak" form should be filed with the City Clerk prior to the Authority beginning
consideration of that item.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1 . APPROVAL OF MINUTES OF APRIL 15, 2003.
Financing Authority Agenda 1 May 20, 2003
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1. APPROVAL OF TREASURER'S REPORT OF MARCH 31, 2003.
2. APPROVAL OF REVENUES AND EXPENDITURES REPORT FOR MARCH 31, 2003.
BUSINESS SESSION - NONE
STUDY SESSION — NONE
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
Adjourn to a regularly scheduled meeting of the Financing Authority to be held on June 3,
2003, commencing at 3:00 p.m. in the City Council Chambers, 78-495 Calle Tampico, La
Quinta, CA 92253.
DECLARATION OF POSTING
I, June S. Greek, City Clerk of the City of La Quinta, do hereby declare that the foregoing
agenda for the La Quinta Financing Authority meeting of Tuesday, May 20, 2003, was
posted on the outside entry to the Council Chamber, 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, May 14, 2003.
DATED: May 14, 2003
JUNE S. GREEK, CIVIC, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 May 20, 2003
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OF AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: May 20, 2003
ITEM TITLE:
Transmittal of Treasurer's Report
as of March 31, 2003
RECOMMENDATION:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
It is recommended the La Quinta Financing Authority Board:
Receive and File the Treasurer's Report as of March 31, 2003.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
-�
INCO
OF Vrk" AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: May 20, 2003
ITEM TITLE:
Transmittal of Revenue and Expenditure Report
March 31, 2003
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
BUSINESS SESSION:
CONSENT CALENDAR: oZ
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the March 31, 2003 Statement of Revenue and Expenditures for the
La Quinta Financing Authority.
Respectfully submitted,
n ivi. raiconer, winance uirecior
Approved for submission by:
/ r
L/Thomas P. Genovese, Executive Director
Attachments 1: Revenue and Expenditures Report, March 31, 2003
ATTACHMENT 1
LA QUINTA FINANCING AUTHORITY
REMAINING
REVENUE DETAIL
BUDGET
RECEIVED
BUDGET
RECEIVED
DEBT SERVICE REVENUE:
9,175.00
0.00
9,175.00
0.000%
Contractual Services Fees
0.00
(53.76)
53.76
0.000%
Non Allocated Interest
678,955.00
679,432.56
(477.56)
100.070%
Rental Income
0.00
0.00
0.000%
Transfer In
TOTAL DEBT SERVICE
688,130.00
679,378.80
8,751.20
98.730%
CAPITAL IMPROVEMENT REVENUE:
0.00
1.
0.000%
Pooled Cash Allocated Interest
0.00
326 6.19 19
(326.19)
0.000%
Non Allocated Interest
0.00
324.63
(324.63)
0.000%
TOTAL CIP REVENUE
TOTAL FINANCING AUTHORITY
688,130.00
679,703.43
8,426.57
98.780%
2
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 - 3/31/03
REMAINING
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
9,686.00
2,711.49
0.00
6,974.51
285,000.00
285,000.00
0.00
0.00
394,435.00
200,495.00
0.00
193,940.00
0.00
0.00
0.00
0.00
689,121.00
488,206.49
0.00
200,914.51
(131,792.42)
0.00
0.00
(131,792.42)
(131,792.42)
0.00
0.00
(131,792.42)
TOTAL FINANCING AUTHORITY 557,328.58 466,ZU0.4a v.vv va, IGL.VJ
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