2004 04 20 FAFINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday, April 20, 2004 - 3:00 P.M.
Beginning Resolution No. FA 2004-02
CALL TO ORDER
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 March 16, 2004
Financing Authority Agenda 1 April 20, 2004
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 FEBRUARY 29, 2004.
2. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED FEBRUARY 29,
2004, AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING
MARCH 31, 2004.
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 May 18,
2004, 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, April 20, 2004, 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
111, on Friday, April 16, 2004.
DATED: April 16, 2004
5�� "&' <�
JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 April 20, 2004
COUNCIL/RDA MEETING DATE: April 20, 2004
ITEM TITLE:
Transmittal of Treasurer's Report
as of February 29, 2004
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
COUNCIL/RDA MEETING DATE: April 20, 2004
Transmittal of Revenue and Expenditure Report for
February 29, 2004 and Investment Summary Report
for the Quarter Ending March 31, 2004
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: ML
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the Statement of Revenue and Expenditures for February 29, 2004
and Investment Summary Report for the Quarter ending March 31, 2004 for the La
Quinta Financing Authority.
Y
tfully submitted,
MA
. Falcone , Finance Director
A ov d for submission
Thomas P. Genovese,Executive Director
Attachments: 1. Revenue and Expenditures for February 29, 2004 and Investment
Summary Report dated March 31, 2004
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
REMAINING
%
BUDGET
RECEIVED
BUDGET
RECEIVED
9,500.00
9,686.00
(186.00)
101.960%
0.00
5.90
(5.90)
0.000%
680,830.00
493,882.32
186,947.68
72.540%
0.00
0.00
0.000%
690,330.00
503,574.22
186,755.78
72.950%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
TOTAL FINANCING AUTHORITY 690,330.00 503,574.22 186,755.78 72.950%
2
LA QUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL
BOND INTEREST
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
TRANSFER OUT
07/01/2003 - 2/29/04 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
9,686.00
4,454.00
0.00
5,232.00
300,000.00
300,000.00
0.00
0.00
380,830.00
193,940.00
0.00
166,890.00
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE 690,516.00
498,394.00
0.00
192,122.00
(131792.00) 0.00 0.00 (131,792.00)
TOTAL CAPITAL IMPROVEMENT (131,792.00) 0.00 0.00 (131,792.00)
TOTAL FINANCING AUTHORITY. 558,724.00 498,394.00 0.00 60,330.00
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