2004 08 17 FAf
5
OF
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday, August 17, 2004 - 3:00 P.M.
Beginning Resolution No. FA 2004-005
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 JULY 20, 2004
Financing Authority Agenda 1 August 17, 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 JUNE 30, 2004.
2. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED JUNE 30, 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
September 21, 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, August 17, 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
1 1 1, on Friday, August 13, 2004.
DATED: August 13, 2004
�1 JUNE S. G EEK, CMC, City Cler
City of La Quinta, California
Financing Authority Agenda 2 August 17, 2004
COUNCIL/RDA MEETING DATE: August 17, 2004
ITEM TITLE:
Transmittal of Treasurer's Report
dated June 30, 2004
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR.
STUDY SESSION:
PUBLIC HEARING:
Receive and File the Treasurer's Report dated June 30, 2004.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
COUNCIL/RDA MEETING DATE: August 17, 2004
Transmittal of Revenue and Expenditure Report for
June 30, 2,004
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the Statement of Revenue and Expenditures for June 30, 2004 for the
La Quinta Financing Authority.
jespe fully submitted,
o n M. Falcon r, Finance Director
pro ed for submiss' n b
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures for June 30, 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
Bond Proceeds
TOTAL CIP REVENUE
REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
9,500.00
9,686.00
(186.00)
101.960%
0.00
99.54
(99.54)
0.000%
680,830.00
680,772.32
57.68
99.990%
0.00
0.00
0.000%
690,330.00
690,557.86
(227.86)
100.030%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
90,000,000.00
90,000,000.00
0.00
100.000%
90,000,000.00
90,000,000.00
0.00
100.000%
TOTAL FINANCING AUTHORITY 90,690,330.00 90,690,557.86 (227.86) 100.000%
LA QUINTA FINANCING AUTHORITY
07/01/2003 - 6130/04
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
9,686.00
5,204.00
0.00
4,482.00.
SERVICES
BOND PRINCIPAL
300,000.00
300,000.00
0.00
0.00
BOND INTEREST
380,830.00
380,830.00
0.00
0.00
TRANSFER OUT
0.00
TOTAL DEBT SERVICE 690,516.00
0.00
686,034.00
0.00
0.00
0.00
4,482.00
CAPITAL IMPROVEMENT EXPENDITURES
2,130,657.00
2,075,658.82
0.00
55,000.18
BOND ISSUANCE COSTS
TRANSFER OUT
87,737,551.00
87,869,343.18
0.00
(131,792.18)
TOTAL CAPITAL IMPROVEMENT 89,868,208.00
89,945,000.00
0.00
(76,792.00)
TOTAL FINANCING AUTHORITY 90,558,724.00 00 90,631,034. 1,0 (7 ,310.00