2004 11 16 FAi
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday, November 16, 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 OCTOBER 19, 2004
Financing Authority Agenda 1 November 16, 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 SEPTEMBER 30, 2004
2. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED 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
December 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, November 16, 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,
November 12, 2004.
DATED: November 12, 2004
JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 November 16, 2004
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COUNCIL/RDA MEETING DATE: November 16, 2004 AGENDA CATEGORY:
ITEM TITLE: Transmittal of Treasurer's Report
dated September 30, 2004
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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COUNCIL/RDA MEETING DATE: November 16, 2004
ITEM TITLE: Transmittal of Revenue and Expenditure
Report dated September 30, 2004
RECOMMENDATION:
Receive and File.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: ; --lj
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the September 30, 2004 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
Respectfully submitted,
hn M. Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures, 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
BUDGET
REMAINING
RECEIVED BUDGET
10,000.00
0.00
10,000.00
0.00
0.00
0.00
681,200.00
501,890.00
179,310.00
2 990 049.00
766,045.53
2,224,003.47
3,681,249.00
1,267,935.53
2,413,313.47
0.00 0.00 0.00
0.00 31.78 (31.78)
0.00 31.78 (31.78)
3,681,249.00 1,267,967.31 2,413,281.69
2
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL
BONDINTEREST
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
07/01/2004 - 9130104 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
9,686.00
0.00
0.00
9,686.00
315,000.00
0.00
0.00
315,000.00
3,356,269.00
766,045.53
0.00
2,590,223.47
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE 3,680,955.00
766,045.53
0.00
2,914,909.47
55,000.00 49,997.09 0.00 5,002.91
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 ,735, 55.00 816,042.62 0.00 2,919,912.38
3