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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday, March 21, 2006
Beginning Resolution No. FA 2006-001
CALL TO ORDER
Roll Call:
Board Members: Henderson, Kirk, 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 FEBRUARY 21, 2006.
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Financing Authority Agenda 1 March 21, 2006
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 DATED JANUARY 31, 2006.
2. RECEIVE AND FILE REVENUE AND EXPENDITURES REPORT DATED JANUARY 31,
2006
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 Tuesday
April 18, 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 March 21, 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 111, on Friday, March 17,
2006.
DATED: March 17, 2006
JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 March 21, 2006
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COUNCIL/RDA MEETING DATE: March 21, 2006
ITEM TITLE: Receive and File Treasurer's Report
as of January 31, 2006
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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COUNCIL/RDA MEETING DATE: March 21, 2006
ITEM TITLE: Receive and File Revenue and Expenditure
Report for January 31, 2006
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Receive and File the January 31, 2006 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 Report, January 31, 2006
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
(244.61)
244.61
680,575.00
509,330.00
171,245.00
5,171,981.00
2,959,003.00
2,212,978.00
5,867,556.00
3,468,088.39
2,399,467.61
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 3,468,100.49 2,399,455.51
2
LA QUINTA FINANCING AUTHORITY
07/01/2005 - 01/31/06
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
15,000.00
10,215.00
0.00
4,785.00
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
3,478,548.13
0.00
2,389,007.87
CAPITAL IMPROVEMENT EXPENDITURES
0.00
0.00
0.00
0.00
BOND ISSUANCE COSTS
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 3,478,548.13 0.00 2,389,007.87
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