2005 02 15 FA•C
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday, February 15, 2005 - 3:00 P.M.
Beginning Resolution No. FA 2005-001
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 JANUARY 18, 2005
Financing Authority Agenda 1 February 15, 2005
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 DECEMBER 31, 2004.
2. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED DECEMBER 31,
2004.
BUSINESS SESSION
1 . CONSIDERATION OF MID -YEAR BUDGET REPORT FOR FISCAL YEAR 2004/2005.
A. MINUTE ORDER ACTION
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
Adjourn to a regularly scheduled meeting of the Financing Authority to be held on March
15, 2005, 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, February 15, 2005, 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 1 1 1, on Friday,
February 11, 2005.
DATED: February 11, 2005
1
�. JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 February 15, 2005
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: February 15, 2005
BUSINESS SESSION:
ITEM TITLE: Transmittal of Treasurer's Report
as of December 31, 2005
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
OF I�ti9
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: February 15, 2005
BUSINESS SESSION:
ITEM TITLE: Transmittal of Revenue and O.
Expenditure Reports dated December 31, 2004 CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
Transmittal of the December 31, 2004 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
Respectfully submitted,
John M. Fal oner, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, December 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
TOTAL FINANCING AUTHORITY
REMAINING
BUDGET
RECEIVED
BUDGET
10,000.00
0.00
10,000.00
0.00
12.81
(12.81)
681,200.00
501,890.02
179,309.98
2,990,049.00
766,045.53
2,224,003.47
3,681,249.00
1,267,948.36
2,413,300.64
0.00 0.00 0.00
0.00 45.84 (45.84)
0.00 45.84 (45.84)
3,681,249.00 1,267,994.20 2,413,254.80
K
LA QUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL
BONDINTEREST
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
07/01/2004-12/31104 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
9,686.00
3,481.00
0.00
6,205.00
315,000.00
315,000.00
0.00
0.00
3,356,269.00
952,935.53
0.00
2,403,333.47
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE 3,680,955.00
1,271,416.53
0.00
2,409,538.47
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 3,735,955.00 1,321,413.62 0.00 2,414,541.38
4
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CAM OF
COUNCIL/RDA MEETING DATE: February 15, 2005 AGENDA CATEGORY:
BUSINESS SESSION: /
ITEM TITLE: Consideration of Mid -Year Budget
Report For Fiscal Year 2004/2005 CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
It is recommended the Financing Authority Board:
Receive and File the Mid -Year Budget Report.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA