2006 01 17 FAH
OF T
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
January 17, 2006 at 2:00 P.M.
Beginning Resolution No. FA 2006-001
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
Financing Authority Agenda 1 January 17, 2006
APPROVAL OF MINUTES
APPROVAL OF MINUTES OF DECEMBER 20, 2005.
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1 . RECEIVE AND FILE TREASURER'S REPORT AS OF NOVEMBER 30, 2005.
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT FOR NOVEMBER 30,
2005 AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING
DECEMBER 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 February
21 , 2006 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 January 17, 2006, 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, January 13,
2006.
DATED: January 13,, 2006
JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 January 17, 2006
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: January 17, 2006
BUSINESS SESSION:
ITEM TITLE: Transmittal of Treasurer' s Report as of
November 30, 2005 CONSENT CALENDAR: j'
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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COUNCIL/RDA MEETING DATE: January 17, 2006
ITEM TITLE: Transmittal of Revenue and Expenditure
Report for November 30, 2005 and Investment
Summary Report for the Quarter Ending December 31,
2005
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: '"-
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the November 30, 2005 Statement of Revenue and Expenditures and
Investment Summary Report for the Quarter Ending December 31, 2005 for the La
Quinta Financing Authority.
Respectfully submitted,
4
John M. Falconer, Finance Director
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Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1 . Revenue and Expenditure Report, November 30, 2005
2. Investment Summary for the Quarter Ending December
31, 2005
2
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
REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,000.00
0.00
15,000.00
0.000%
0.00
(245.62)
245.62
0.000%
680,575.00
0.00
680,575.00
0.000%
5,171,981.00
2,959,003.00
2,212,978.00
57.210%
5,867,556.00
2,958,757.38
2,908,798.62
50.430%
0.00 0.00 0.00 0.000%
0.00 12.10 (12.10) 0.000%
0.00 12.10 (12.10) 0.000%
TOTAL FINANCING AUTHORITY 5,867,556.00 2,958,fb9.48 L,Uub,/oo.SL ou.43u-/o
3
LA QUINTA FINANCING AUTHORITY
07/01/2005 - 11/30/05
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
15,000.00
6,935.00
0.00
8,065.00
BOND PRINCIPAL - 1996
330,000.00
330,000.00
0.00
0.00
BOND PRINCIPAL - 2004
735,000.00
735,000.00
0.00
0.00
BOND INTEREST - 1996
350,575.00
179,330.00
0.00
171,245.00
BOND INTEREST - 2004
4,436,981.00
2,224,003.13
0.00
2,212,977.87
TRANSFER OUT
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
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
3,475,268.13
0.00
2,392,287.87
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