2005 05 17 FAC000,
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday, May 17, 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 APRIL 19, 2005
Financing Authority Agenda 1 May 17, 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 MARCH 31, 2005
2. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED MARCH 31, 2005
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 June 21,
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, May 17, 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, May
13, 2005.
DATED: May 13, 2005
JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 May 17, 2005
000
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OF�� AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: May 17, 2005
ITEM TITLE:
Transmittal of Treasurer's Report
as of March 31, 2005
RECOMMENDATION:
BUSINESS SESSION:
CONSENT CALENDAR.
STUDY SESSION:
PUBLIC HEARING:
It is recommended the La Quinta Financing Authority Board:
Receive and File the Treasurer's Report as of March 31, 2005.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE. May 17, 2005 v�
CONSENT CALENDAR:
STUDY SESSION:
Transmittal of Revenue and Expenditure Report PUBLIC HEARING:
March 31, 2005
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
Transmittal of the March 31, 2005 Statement of Revenue and Expenditures for the La
Quinta Financing Authority.
Respectfully submitted,
YlohnM . Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments 1: Revenue and Expenditures Report, March 31, 2005
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
(3,687.15)
3,687.15
681,200.00
681,220.00
(20.00)
2,990,049.00
766,045.53
2,224,003.47
3,681,249.00
1,443,578.38
2,237,670.62
0.00 0.00 0.00
0.00 65.63 (65.63)
0.00 65.63 (65.63)
3,681,249.00 1,443,644.01 2,237,604.99
2
LA QUINTA FINANCING AUTHORITY
07/01/2004 - 03/31/05
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
9,686.00
3,481.00
0.00
6,205.00
BOND PRINCIPAL - 1996
315,000.00
315,000.00
0.00
0.00
BOND PRINCIPAL - 2004
0.00
0.00
0.00
0.00
BOND INTEREST -1996
366,220.00
186,890.00
0.00
179,330.00
BOND INTEREST - 2004
2,990,049.00
2,990,048.66
0.00
0.34
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE
3,680,955.00
3,495,419.66
0.00
185,535.34
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 3,545,416.75 0.00 190,538.25
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