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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday, September 16, 2003 - 3:00 P.M.
Beginning Resolution No. FA 2003-04
CALL TO ORbER
Roll Call:
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 Business Session matters.or Public Hearings on the agenda, a completed "request to
speak" form should be filed with the City Clerk prior to beginning consideration of that
item.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1. APPROVAL OF MINUTES OF AUGUST 19, 2003
T
Financing Authority Agenda 1 September 16, 2003
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1. TRANSMITTAL OF TREASURER'S REPORT DATED JULY 31, 2003.
2. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED JULY 31, 2003.
BUSINESS 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 October
21, 2003 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, September 16, 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, September 12, 2003.
DATED: September 12, 2003
JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
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Financing Authority Agenda 2 September 16, 2003
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c�hr OF9ti AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: CONSENT CALENDAR:
ITEM TITLE: September 16, 2003
- STUDY SESSION:
PUBLIC HEARING:
Transmittal of Treasurer's Report
as of July 31, 2003
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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COUNCIL/RDA MEETING DATE:
AGENDA CATEGORY:
September 16, 2003 BUSINESS SESSION:
CONSENT CALENDAR:
ITEM TITLE:
Transmittal of Revenue and Expenditure
Report dated July 31, 2003
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the July 31, 2003 Statement of Revenue and Expenditures for the La
Quinta Financing Authority.
Respectfully submitted:
JdM M. Falcoher,'Finance Director
Approved for Submission by:
Thomas P. Genovese, Executive Director
Attachments 1: Revenue and Expenditures Report, July 31, 2003
a
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
9,500.00
0.00
9,500.00
0.000%
0.00
0.03
(0.03)
0.000%
680,830.00
0.00
680,830.00
0.000%
0.00
0.00
0.000%
690,330.00
0.03
690,329.97
0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
690,330.00 0.03 690,329.97 0.000%
5
K
LA QUINTA FINANCING AUTHORITY
07/01/2003 - 7/31/03
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
9,686.00
0.00
0.00
9,686.00
BOND PRINCIPAL
300,000.00
0.00
0.00
300,000.00
BOND INTEREST
380,830.00
0.00
0.00
380,830.00
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE
690,516.00
0.00
0.00
690,516.00
CAPITAL IMPROVEMENT EXPENDITURES
TRANSFER OUT
(131,792.42)
0.00
0.00
(131,792.42)
TOTAL CAPITAL IMPROVEMENT
(131,792.42)
0.00
0.00
(131,792.42)
TOTAL FINANCING AUTHORITY 558,723.58 0.00 558,72 .58
C.
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