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2007 01 16 FAok U s CF` OF FINANCING AUTHORITY AGENDA CITY COUNCIL CHAMBERS 78-495 Calle Tampico La Quinta, California 92253 Regular Meeting TUESDAY, JANUARY 16, 2007 - 4:00 P.M. Beginning Resolution No. FA 2007-001 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 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 19, 2006. 001 Financing Authority Agenda January 16, 2007 CONSENT CALENDAR NOTE: Consent Calendar items are considered to be routine in nature and will be approved by one motion. 1. RECEIVE AND FILE TRANSMITTAL OF TREASURER'S REPORT DATED NOVEMBER 30, 2006. 2. RECEIVE AND FILE TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT FOR NOVEMBER 30, 2006 AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING DECEMBER 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 February 20, 2007 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 January 16, 2007, 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 January 12, 2007. DATED- January 12, 2007 VERONICA J. NTECINO, City Clerk City of La Quinta, California (y00 Financing Authority Agenda 2 January 16, 2007 D 04to 494qui 8CE`y F'CK`' COUNCIL/RDA MEETING DATE: January 16, 2007 ITEM TITLE: Transmittal of Treasurer's Report as of November 30, 2006 It is recommended the La Quinta Financing Authority: Receive and File. AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: 1 STUDY SESSION: PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA s _ s 4 XP 49&rcv OF''� COUNCIL/RDA MEETING DATE: January 16, 2007 ITEM TITLE: Transmittal of Revenue and Expenditure Report for November 30, 2006 and Investment Summary Report for the Quarter Ending December 31, 2006 RECOMMENDATION: Receive and File. FISCAL IMPLICATIONS: None. CHARTER CITY IMPLICATIONS: None. BACKGROUND AND OVERVIEW: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: A. STUDY SESSION: PUBLIC HEARING: Transmittal of the November 30, 2006 Statement of Revenue and Expenditures and Investment Summary Report for the Quarter Ending December 31, 2006 for the La Quinta Financing Authority. 004 Respectfully submitted, John M. Falconer, Finance Director Attachments Approved for submission by: Thomas P. Genovese, Executive Director 1. Revenue and Expenditure Report, November 30, 2006 2. Investment Summary for the Quarter Ending December 31, 2006 2 ATTAGHMENTI LA GUINTA 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 Nan Allocated Interest TOTAL LIP REVENUE 07101/2006. 11/302000 REMAINING % BUDGET RECEIVED BUDGET RECEIVED 15,000.00 0.00 15,00000 0000% 0.00 253.07 (253.07) 0.000% 678,865.00 516,245.00 162,620.00 76.050% 5,923,157.00 3,732,732.81 2,190,424.19 63.020% 6,617,022.00 4.249.230.88 2,367,791.12 64.220% 0.00 0.00 0.00 0.000% 0.00 (244.44) 244.44 0.000% 0.00 (244.44) 24444 0000% TOTAL FINANCING AUTHORITY 6,617,02200 4,246,98644 2,368,035.56 64.210% V ',J 006 3 LA OUINTA RNANCING AUTHORITY OTI012006-111309006 REMAINING EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET DEBT SERVICE EXPENDITURES SERVICES 15.12500 6,77392 0.00 8.35108 BOND PRINCI PAL -1996 345,00000 345,00000 000 000 BOND PRINCIPAL - 2004 1,520,00000 1,520,000.00 000 0.00 BOND INTEREST - 1996 333,86500 171,24500 000 162,620.00 BOND INTEREST - 2004 4,403,15600 2.212.97813 000 2.190,177 87 TRANSFEROUT 0.00 000 000 000 TOTALDESTSERVICE 6,017.14600 4,255,997 05 000 2,361,148.95 CAPITAL IMPROVEMENT EXPENDITURES BOND ISSUANCE COSTS 000 000 000 ON TRANSFER OUT 000 000 000 0OD TOTAL CAPITAL IMPROVEMENT 000 000 0.00 000 TOTAL FINANCING AUTHORITY 007 11 ATTACHMENT 2 N O C O O LL m E E E c 0 0 0EN C N ? j m d C r m L a 0 r E d � ca m UCI❑ FA 0 L Q C C c LL m i LL LL O N 0 > > F- 5 5 E �i E N N t6 >. 7 N N 0 0 m H 0 Y 00 LL I.