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FINANCING AUTHORITY
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, NOVEMBER 21, 2006 - 4:00 P.M.
Beginning Resolution No. FA 200E-003
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 any
matter not listed on the agenda. Please complete a "request to speak" form and
limit your comments to three minutes.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1. APPROVAL OF MINUTES OF OCTOBER 17, 2006
Financing Authority Agenda 1 November 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 SEPTEMBER 30, 2006.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED
SEPTEMBER 30, 2006.
BUSINESS SESSION — NONE
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
For all Public Hearings on the agenda, a completed "request to speak" form must
be filed with the City Clerk prior to consideration of that item.
ADJOURNMENT
Adjourn to a regularly scheduled meeting of the Financing Authority to be held on
December 19, 2006, at 4:00 p.m. in the City Council Chambers, 78-495 Calle
Tampico, La Quinta, CA 92253.
DECLARATION OF POSTING
I, Veronica Montecino, City Clerk of the City of La Quinta, do hereby declare that
the foregoing agenda for the La Quinta Financing Authority meeting of November
21, 2,006, 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 November 17, 2006.
DATED: - November 17, 2006
VERONICA J. MONTECINO, City Clerk
City of La Quinta, California
Financing Authority Agenda 2 November 21, 2006
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: November 21, 2006 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of CONSENT CALENDAR:
Treasurer's Report dated September 30, 2006
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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OF AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: November 21, 2006 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Revenue CONSENT CALENDAR:.
and Expenditure Report dated September 30, 2006
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
BACKGROUND AND OVERVIEW:
Transmittal of the September 30, 2006 Statement of Revenue and Expenditures for the
La Quinta Financing Authority.
Respectfully submitted,
-� John M. Falconer, t-mance uirector
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments:1. Revenue and Expenditures, September 30, 2006
-A QUINTA FINANCING AUTHORITY
REVENUE DETAIL 0710112006 - 09130/2006 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
3EBT SERVICE REVENUE:
Contractual Services Fees
15,000.00
0.00
15,000.00
0.000%
Non Allocated Interest
0.00
250.60
(250.60)
0.000%
Rental Income
678,865.00
0.00
678,865.00
0,000%
Transfer In
5,923,157.00
3,732,732.81
2,190 424.19
63.020%
TOTAL DEBT SERVICE
6,617,022.00
3,732,983.41
2,834,038.59
56.410%
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
0.00
0.00
0.00
0.000%
Non Allocated Interest
0.00
(244.44)
244.44
0.000%
TOTAL CIP REVENUE
0.00
(244.44)
244.44
0.000%
TOTAL FINANCING AUTHORITY 6,617,022.00 3,732,738.97 2,884,283.03 56.410%
LAQUINTAFINANCING AUTHORITY 07/0112006 - 09130/2006 REMAINING
EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
15,125.00
3,709.38
0.00
11,415.62
BOND PRINCIPAL -1996
345,000.00
0.00
0.00
345.000.00
BOND PRINCIPAL - 2004
1,520,000.00
1,520,000.00
0.00
0.00
BOND INTEREST -1996
333,865.00
0.00
0.00
333,865.00
BOND INTEREST-2004
4,403,156.00
2,212,978.13
0.00
2,190,177.87
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE
6,617,146.00
3,736,687.51
0.00
2,880,458.49
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
0.00
0.00
0.00
0.00
TRANSFER OUT
000
000
0.00
000
TOTAL CAPITAL IMPROVEMENT
000
000
0.00
0.00
TOTAL (FINANCING AUTHORITY ,61 ,14 .00 3,736,687 51 0.00 2, 80, 8. 99
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