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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday, April 18, 2006
Beginning Resolution No. FA 2006-001
CALL TO ORDER
Roll Call:
Board Members: Henderson, Kirk, Osborne, 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 MARCH 21, 2006.
CONSENT CALENDAR
Financing Authority Agenda 1 April 18, 2006
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1. RECEIVE AND FILE THE TREASURER'S REPORT DATED FEBRUARY 28, 2006.
2. RECEIVE AND FILE THE REVENUE AND EXPENDITURES REPORT FOR FEBRUARY
28, 2006 AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING
MARCH 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 May 16,
2006 at 3:00 PM 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 April 18, 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 April 14, 2006.
DATED: April 14, 2006
JUNE S. GREEK, CMC, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 April 18, 2006
f' S
OF
COUNCIL/RDA MEETING DATE: A p ri 1 18, 2 0 0 6 AGENDA CATEGORY:
ITEM TITLE: Receive and File Treasurer's Report BUSINESS SESSION:
as of February 28, 2006 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
4 SepQ�,rw
COUNCIL/RDA MEETING DATE: April 18, 2006
ITEM TITLE: Receive and File Revenue and
Expenditure Report for February 28, 2006 and
Investment Summary Report for the Quarter Ending
March 31, 2006
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Receive and File the Statement of Revenue and Expenditures for February 28, 2006
and Investment Summary Report for the Quarter ending March 31, 2006 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 for February 28, 2006 and
Investment Summary Report dated March 31, 2006
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
15,000.00
0.00
15,000.00
0.00
(244.07)
244.07
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
3,468,088.93
2,399,467.07
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 3,468,101.03 2,399,454.97
3
LA QUINTA FINANCING AUTHORITY
07/01/2005 - 02/28/06
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
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 3,478,548.13 0.00 2,389,007.87
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