Loading...
2007 03 20 FAFINANCING AUTHORITY AGENDA Regular Meeting TUESDAY, MARCH 20, 2007 - 4:00 P.M. CITY COUNCIL CHAMBERS 78-495 Calle Tampico La Quinta, California 92253 7:00 P.M. PUBLIC HEARING LA QUINTA LIBRARY MULTI -PURPOSE ROOM 78-275 Calle Tampico La Quinta, California 92253 (doors open at 6:00 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 FEBRUARY 20, 2007. Financing Authority Agenda 1 March 20, 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 TREASURER'S REPORT DATED JANUARY 31, 2007. 2, RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED JANUARY 31, 2007. 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 April 17, 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 March 20, 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 March 16, 2007. DATED: March 16, 2007 VERONICA J ONTECINO, City Clerk City of La Quinta, California ©O�OUVi 611-1 ob.� Financing Authority Agenda 2 March 20, 2007 ceitq�, 4 4 Quht& COUNCIL/RDA MEETING DATE: March 20, 2007 ITEM TITLE: Receive and File Treasurers Report as of January 31, 2007 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 3 a 4 XP Q9&rcv F. CF`y OF Tt1F'� AGENDA CATEGORY: COUNCIL/RDA MEETING DATE: March 20, 2007 BUSINESS SESSION: ITEM TITLE: Receive and File Revenue and Expenditure Report for January 31, 2007 CONSENT CALENDAR: C STUDY SESSION: PUBLIC HEARING: RECOMMENDATION: Receive and File BACKGROUND AND OVERVIEW: Receive and File the January 31, 2007 Statement of Revenue and Expenditures for the La Quinta Financing Authority. Respectfully submitted, TVvv`I 1. Vc'�� John M. Falconer, Finance Director Approved for Submission b Thomas P. Genovese, Executive Director Attachment : 1. Revenue and Expenditures Report, January 31, 2007 000904 LA OUINTA FINANCING AUTHORITY REVENUE DETAIL 07/0112006 - 1/31/2007 REMAINING % BUDGET RECEIVED BUDGET RECEIVED DEBT SERVICE REVENUE: Contractual Services Fees Non Allocated Interest Rental Income Transfer In TOTAL DEBT SERVICE 15,000 00 000 15,000 00 0 000 % 000 1100 (1100) 0000% 678,865 00 516,245 00 162.620 00 76 050% 5,923, 197 00 3 740 006 21 2 183, 15079 63 140% 6,617,02200 4, 256,26221 2,360,759.79 64320% CAPITAL IMPROVEMENT REVENUE: 00% Pooled Cash Allocated Interest 000 000 000 0000 000 000 0000% Non Allocated Interest 000 000 0 00 0 000% TOTAL CIP REVENUE TOTAL FINANCING AUTHORITY 661702200 4,256,26221 2,360,75979 64320% 0001)01) z 07101120M-113112007 REMAINING LA OUINTA FINANCING AUTHORITY BUDGET EXPENDITURES ENCUMBERED BUDGET EXPENDITURE SUMMARY DEBT SERVICE EXPENDITURES 15,12500 1005392 000 5,07108 SERVICES 345,00000 345,00000 000 000 BOND PRINCIPAL - 1996 1520,00000 1520,00000 000 000 BOND PRINCIPAL - 2004 333,86500 17124500 000 162,62000 BOND INTEREST - 1996 4403,15500 2,212.9]813 000 2,190.17787 BOND INTEREST - 2004 000 000 000 0 TRANSFER OUT TOTAL DEBT SERVICE 6517,14600 4,259,27705 000 2,35T00 51 CAPITAL IMPROVEMENT EXPENDITURES 000 000 000 000 BOND ISSUANCE COSTS 000 727340 000 (727340) TRANSFER OUT TOTAL CAPITAL IMPROVEMENT 000 727340 000 (7273 40) TOTAL FINANCING AUTHORITY 6, 17,14 W 266, 04 00 2, 50, 55 000�06 3