2005 09 20 FA0�
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La O.uinta, California 92253
Regular Meeting
Tuesday, September 20, 2005
2:00 p.m.
Beginning Resolution No. FA 2005-02
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 19, 2005.
Financing Authority Agenda 1 September 20, 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 REPORTS DATED JUNE 30, AND JULY 31,
2005.
2. TRANSMITTAL OF REVENUE & EXPENDITURES REPORTS DATED JUNE 30, AND
JULY 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 October
18, 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 September 20, 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 111, on Friday, September 16,
2005.
DATED: September 16, 2005
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JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 September 20, 2005
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: September 20, 2005
BUSINESS SESSION:
ITEM TITLE: Transmittal of Treasurer's Reports
as of June 30, 2005 and July 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
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G
M OF
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: September 20, 2005
BUSINESS SESSION:
ITEM TITLE: Transmittal of Revenue and Expenditure
Report dated June 30, 2005 and July 31, 2005 CONSENT CALENDAR: 41-
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
Transmittal of the June 30, 2005 and July 31, 2005 Statement of Revenue and
Expenditures for the La Quinta Financing Authority.
Respectfully submitted,
hn M. Falconef, Finance Director
Approved for submission by:
?'Thom —as P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report for June 30, 2005
2. Revenue and Expenditures Report for July 31, 2005
ATTACHMENT
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
10,000.00
3,481.00
6,519.00
34.810 %
0.00
59.28
(59.28)
0.000%
681,200.00
681,220.00
(20.00)
100.000%
2,990,049.00
2 990 049.00
0.00
100.000%
3,681,249.00
3,674,809.28
6,439.72
99.830%
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
0.00
0.00
0.00
0.000%
Non Allocated Interest
0.00
92.59
(92.59)
0.000%
TOTAL CIP REVENUE
0.00
92.59
(92.59)
0.000%
TOTAL FINANCING AUTHORITY
3,681,249.00
3,674,901.87
6,347.13
99.830%
LA QUINTA FINANCING AUTHORITY
07/01/2004 - 06130105
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
9,686.00
5,231.00
0.00
4,455.00
SERVICES
BOND PRINCIPAL - 1996
315,000.00
315,000.00
0.00
0.00
BOND PRINCIPAL - 2004
0.00
366,220.00
0.00
366,220.00
0.00
0.00
0.00
0.00
BOND INTEREST -1996
2,990,049.00
2,990,048.66
0.00
0.34
BOND INTEREST - 2004
0.00
0.00
0.00
0.00
TRANSFER OUT
TOTAL DEBT SERVICE
3,680,955.00
3,676,499.66
0.00
4,455.34
CAPITAL IMPROVEMENT EXPENDITURES
55,000.00
48,075.73
0.00
6,924.27
BOND ISSUANCE COSTS
0.00
0.00
0.00
0.00
TRANSFER OUT
TOTAL CAPITAL IMPROVEMENT
55,000.00
48,075.73
0.00
6,924.27
TOTAL FINANCING AUTHORITY
3,735,955.00
3,724,575.39
0.00
11,379.61
ATTACHMENT 2
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,000.00
0.00
15,000.00
0.000%
0.00
0.12
(0.12)
0.000%
680,575.00
0.00
680,575.00
0.000%
5171981.00
0.00
5171,981.00
0.000%
5,867,556.00
0.12
5,867,555.88
0.000%
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest 0.00 0.00 0.00 0.000%
Non Allocated Interest 0.00 12.10 (12.10) 0.000%
TOTAL CIP REVENUE 0.00 12.10 (12.10) 0.000%
TOTAL FINANCING AUTHORITY 5,867,556.00 12.22 5,867,543.78 0.000%
4
LA QUINTA FINANCING AUTHORITY
07/01/2005 - 07/31/05
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
15,000.00
1,750.00
0.00
13,250.00
SERVICES
BOND PRINCIPAL - 1996
330,000.00
0.00
0.00
330,000.00
BOND PRINCIPAL - 2004
735,000.00
0.00
0.00
735,000.00
BOND INTEREST -1996
350,575.00
0.00
0.00
350,575.00
BOND INTEREST - 2004
4,436,981.00
0.00
0.00
4,436,981.00
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE
5,867,556.00
1,750.00
0.00
5,865,806.00
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
0.00
0.00
0.00
0.00
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL CAPITAL IMPROVEMENT
0.00
0.00
0.00
0.00
TOTAL FINANCING AUTHORITY 5,867,556.00 1,750.00 0.00 5,865,806.00