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2006 12 19 FAs Sw OF FINANCING AUTHORITY AGENDA CITY COUNCIL CHAMBERS 78-495 Calle Tampico La Quinta, California 92253 Regular Meeting TUESDAY, DECEMBER 19, 2006 — 3:00 P.M. Beginning Resolution No. FA 2006-004 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 DECEMBER 5, 2006 P �f $J f r u Financing Authority Agenda 1 December 19, 2006 r I 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 OCTOBER 31, 2006. 2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED OCTOBER 31, 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 January 16, 2007 at 3:00 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 December 19, 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 December 15, 2006. DATED:,/ D ECEM BER 15, 2006 c VERONICA J. TECINO, CMC, City Clerk City of La Quiftfa, California Financing Authority Agenda 2 December 19, 2006 �.• , 01 AGENDA CATEGORY: COUNCIL/RDA MEETING DATE: December 19, 2006 BUSINESS SESSION: ITEM TITLE: Receive and File Treasurer's Report dated October 31, 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 J v.i cewlt 4 4 49"1 AGENDA CATEGORY: COUNCIURDA MEETING DATE: December 19, 2006 BUSINESS SESSION: _ ITEM TITLE: Receive and File Revenue and Expenditure Report dated October 31, 2006 CONSENT CALENDAR: C o L 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 submittt%ed, A� ohn M. Falconer, Finance Director Approved for submission by: /Thomas P. Genovese, Executive Director Attachments: 1. Revenue and Expenditures, October 31, 2005 LA OUINTA FINANCING AUTHORITY REVENUE DETAIL 0710112006 - 1013112006 REMAINING % BUDGET RECEIVED BUDGET RECEIVED DEBT SERVICE REVENUE: Contrapual Services Fees Non Allocated Interest Rental Income Transfer In TOTAL, DEBT SERVICE 15,000.00 000 15,000.00 0.000% 0.00 251.88 (251.88) 0.000% 678,86500 516,24500 162,62000 76.050% 5 923157 2 3 732 732 61 2 i9D 424.19 83 020% 8,617,02T.00 4,249,229.69 2,387,79231 64.220% CAPITAL IMPROVEMENT REVENUE: Pooled Cash Allocated Interest 0.00 000 0.00 0.000% Non Allocated Interest 000 (244.44) 244.44 D ODO% TOTAL CIP REVENUE 0.00 (244.44) 244.44 0.000% TOM FINANCING AUTHORITY 6.617.022.00 4.248.985.25 2,368,036.75 64 210% 2 LA GUINTA FINANCINGAUTHORITY 0710112000-1013112M REMAINING EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET DEBT SERVICE EXPENDITURES SERVICES 15.12500 5,27392 000 9,85108 BOND PRINCIPAL - 1996 345,00000 345,00000 0DO 000 BOND PRINCIPAL - 2004 1,520,000.00 1,520,000,00 000 0.00 BOND INTEREST -1N6 333,865.00 171,245.00 0.00 162,62000 BONDINTEREST-2004 4,403,15600 2.212,97813 0.00 2,190.17787 TRANSFER OUT 000 000025 000 000 TOTAL DEBT SERVICE 8,817,148.00 4,254.497 000 2362,648.95 CAPITAL IMPROVEMENT EXPENDITURES BOND ISSUANCE COSTS 000 000 00) 000 TRANSFER OUT 000 000 000 000 TOTAL CAPITAL IMPROVEMENT 000 000 000 000 TOTAL FINANCING AUTHORITY 3