2005 12 20 FA0 L
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G� OF I13�9�
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
DECEMBER 20, 2005, 2:00 P.M.
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 NOVEMBER 15, 2005.
Financing Authority Agenda 1 December 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 REPORT DATED OCTOBER 31, 2005
2. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED OCTOBER 31,
2005.
BUSINESS SESSION - NONE
CHAIR AND BOARD MEMBERS' ITEMS - NONE
PUBLIC HEARINGS - NONE
ADJOURNMENT
d on January
Adjourn to a regularly scheduled eCit�egof the Chambers, Financing 78 495ority to be Ca le Tampico, La Quinta,
17, 2006 at 3:00 p.m. Y Council
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 December 20, 2005, was posted
ampico and on the
on the outside entry to the Council Chamber
78rat 63078-495 Highway 111 1T on December 16, 2005..tin
boards at 51-321 Avenida Bermudas
DATED: December 16, 2005
JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
2 December 20, 2005
Financing Authority Agenda
Twivl 4 xPQm&trw
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: December 2 0, 2 0 0 5
BUSINESS SESSION:
ITEM TITLE: Receive and File Treasurer's Report
dated October 31, 2005 CONSENT CALENDAR: �r _
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
X4rV
OFF O
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: December 20, 2005
BUSINESS SESSION:
ITEM TITLE: Receive and File Revenue and
Expenditure Report dated October 31, 2005 CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
BACKGROUND AND OVERVIEW:
Transmittal of the October 31, 2005 Statement of Revenue and Expenditures for the
La Quinta Financing Authority.
Respectfully submitted,
^�-
John M. Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures, October 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
REMAINING
BUDGET RECEIVED BUDGET
15,000.00
0.00
15,000.00
0.00
(320.95)
320.95
680,575.00
0.00
680,575.00
5,171,981.00
2,959,003.00
2,212,978.00
5,867,556.00
2,958,682.05
2,908,873.95
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest 0.00 0.00 0.00
Non Allocated Interest 0.00 12.10 (12.10)
TOTAL CIP REVENUE 0.00 12.10 (12.10)
TOTAL FINANCING AUTHORITY 5,867,556.00 2,958,694.15 2,908,861.85
2
LA QUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL - 1996
BOND PRINCIPAL - 2004
BOND INTEREST - 1996
BOND INTEREST - 2004
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
07/01/2005 - 10/31/05 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
15,000.00
6,935.00
0.00
8,065.00
330,000.00
330,000.00
0.00
0.00
735,000.00
735,000.00
0.00
0.00
350,575.00
179,330.00
0.00
171,245.00
4,436,981.00
2,224,003.13
0.00
2,212,977,87
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE 5,867,556.00
3,475,268.13
0.00
2,392,287.87
TOTAL CAPITAL IMPROVEMENT
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0nn
TOTAL FINANCING AUTHORITY 5,867,556.00 3,475,268.13 0.00 2 392 287 87
3