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2007 04 17 FAO� �i1'V/' •C� '� � IL,I,1'J'' sA U ry OF FINANCING AUTHORITY AGENDA CITY COUNCIL CHAMBERS 78-495 Calle Tampico La Quinta, California 92253 Regular Meeting TUESDAY, APRIL 17, 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 MARCH 20, 2007. Financing Authority Agenda 1 April 17, 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 FEBRUARY 28, 2007. 2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED FEBRUARY 28, 2007, AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING MARCH 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 May 15, 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 April 17, 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 1 1 1, on April 13, 2007. DATED: April 13, 2007 VERONICA J. MONTECINO, City Clerk City of La Quinta, California Financing Authority Agenda 2 April 17, 2007 0 Y144 Fy OF09 COUNCIL/RDA MEETING DATE: April 17, 2007 AGENDA CATEGORY: ITEM TITLE: Receive and File Treasurer's Report as of February 28, 2007 RECOMMENDATION: It is recommended the La Quinta Financing Authority: Receive and file. BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA �F ', •` S� CF`y OF TKF'O� COUNCIL/RDA MEETING DATE: April 17, 2007 AGENDA CATEGORY: ITEM TITLE: Receive and File Revenue and Expenditure Report for February 28, 2007 and Investment Summary Report for the Quarter Ending March 31, 2007 Receive and File. FISCAL IMPLICATIONS: None. CHARTER CITY IMPLICATIONS: None. BACKGROUND AND OVERVIEW: BUSINESS SESSION: ee^^ CONSENT CALENDAR: C0L STUDY SESSION: PUBLIC HEARING: Receive and File the Statement of Revenue and Expenditures for February 28, 2007 and Investment Summary Report for the Quarter ending March 31, 2007 for the La Quinta Financing Authority. Respectfully submitted, John M. Falconer, Finance Director Approved for submission by: Thomas P. Genovese, Executive Director Attachment 1. Revenue and Expenditures for February 28, 2007 and Investment Summary Report dated March 31, 2007 .w-0, 5 2 LA OUINTA FINANCING AUTHORITY REVENUE DETAIL 0710112006 - 212812007 REMAINING % BUDGET RECEIVED BUDGET RECEIVED A 1 1 AUNIVICIV 1 1 DEBT SERVICE REVENUE: Contractual Services Fees Non Allocated Interest Rental Income Transfer In TOTAL DEBT SERVICE CAPITAL IMPROVEMENT REVENUE: Pooled Cash Allocated Interest Non Allocated Interest TOTAL CIP REVENUE 15.000 00 0.00 15,000 00 0 000% 10000 1220 8780 12 200% 678.865 00 516,245 00 162,620 00 76 050% 5 930 430 00 3,740,006 21 2J90,423 79 63 060 % 6,624,39500 4,256,26341 2,368,131.59 64250% 0.00 000 000 0 D00% 000 000 0 00 0 000% 000 000 0 00 0 000% TOTAL FINANCING AUTHORITY 6,624.39500 4,256,26341 2,368,13159 64250% .K7 LA GUINTA FINANCING AUTHORITY 0710112006-2/2812007 REMAINING EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET DEBT SERVICE EXPENDITURES SERVICES 1512500 10,12116 000 5,00384 BOND PRINCIPAL-19M 345.00000 345, 00000 000 000 BOND PRINCIPAL -2004 1,520,00000 1,520,00000 000 000 BONDINTEREST-1996 333,66500 171,24600 000 162,62000 BOND INTEREST -2004 0,403,15600 2,212,97813 000 2,190,17787 TRANSFER OUT 000 000 000 000 TOTAL DEBT SERVICE 6,617,14600 4,269,34429 000 2,357,80171 CAPITAL IMPROVEMENT EXPENDITURES BOND ISSUANCE COSTS 000 000 000 000 TRANSFER OUT 727300 7273 d0 000 (040) TOTAL CAPITAL IMPROVEMENT 727300 727340 000 (0 AO) TOTAL FINANCING AUTHORITY 6,624 419 DO 4,266,61 2,357,801 1 0 m � O T O N U U U) N as 00 tt 55 v E c c N C C > iL LL C Y Y O @ N m Q] 0] p N N 5