2004 10 19 FAe4
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FINANCING AUTHORITY
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday, October 19, 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 SEPTEMBER 22, 2004.
Financing Authority Agenda 1 October 19, 2004
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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 AUGUST 31, 2004.
2. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED AUGUST 31,
2004 AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING
SEPTEMBER 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
November 16, 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, October 19, 2004, was
posted on the outside entry to the Council Chamber at 78-495 Calle Tampico and on the
bulletin boards at 51-321 Avenida Bermudas and 78-630 Highway 111, on Friday, October
15, 2004.
DATED: October 15, 2004
JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 October 19, 2004
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COUNCIL/RDA MEETING DATE: October 19, 2004
ITEM TITLE:
Transmittal of Treasurer's Report
as of August 31, 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 August 31, 2004.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
COUNCIL/RDA MEETING DATE: October 19, 2004
Transmittal of Revenue and
Expenditure Report dated
August 31, 2004 and Investment
Summary Report for the Quarter
Ending September 30, 2004
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the August 31, 2004 Statement of Revenue and Expenditures for the La
Quinta Financing Authority and Investment Summary Report for the Quarter Ending
September 30, 2004.
Respectfully submitted,
n M. Falconew, Finance Director
Approved for Submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, August 31, 2004
2. Investment Summary Report for the Quarter Ending September 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
TOTAL CIP REVENUE
TOTAL FINANCING AUTHORITY
REMAINING
BUDGET RECEIVED BUDGET
10,000.00
0.00
10,000.00
0.00
0.00
0.00
681,200.00
0.00
681,200.00
2,990,049.00
0.00
2,990,049.00
3,681,249.00
0.00
3,681,249.00
0.00 0.00 0.00
0.00 28.24 (28.24)
0.00 28.24 (28.24)
3,681,249.00 28.24 3,681,220.76
2
LA QUINTA FINANCING AUTHORITY
07/01/2004 - 8131104
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
9,686.00
0.00
0.00
9,686.00
BOND PRINCIPAL
315,000.00
0.00
0.00
315,000.00
BOND INTEREST
3,356,269.00
0.00
0.00
3,356,269.00
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE 3,680,955.00
0.00
0.00
3,680,955.00
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
55,000.00
49,997.09
0.00
5,002.91
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL CAPITAL IMPROVEMENT 55,000.00
49,997.09
0.00
5,002.91
TOTAL FINANCING AUTHORITY 3,735,955.00 49,997.09 0.00 3,685,957.91
3
ATTACHMENT 2
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