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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, SEPTEMBER 18, 2007 - 4:00 P.M.
Beginning Resolution No. FA 2007-003
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 JULY 17, 2007.
Financing Authority Agenda 1 September 18, 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 REPORTS DATED
JUNE 30 AND JULY 31, 2007.
2. RECEIVE AND FILE TRANSMITTAL OF REVENUE & EXPENDITURES
REPORTS DATED JUNE 30 AND JULY 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
The next regular meeting of the Financing Authority will be held on October 16,
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 September
18, 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 September 14, 2007.
DATED: /September 14, 2007
VERONICA J. NTECINO, City Clerk
City of La Quinta, California
Financing Authority Agenda . 2 September 18, 2007
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: September 18, 2007 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Treasurers CONSENT CALENDAR:
Reports as of June 30, 2007 and July 31, 2007
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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COUNCILIRDA MEETING DATE: September 18, 2007
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Report dated June 30, 2007 and July
31, 2007
RECOMMENDATION:
Receive and File
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Receive and File Transmittal of the June 30, 2007 and July 31, 2007 Statement of
Revenue and Expenditures for the La Quinta Financing Authority.
es
tfully submitted,
John M. Falconer, F ante Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1 . Revenue and Expenditures Report for June 30, 2007
2. Revenue and Expenditures Report for July 31, 2007 .V `
LA GUINTA FINANCING AUTHORITY
REVENUE DETAIL
0710112006-613012007 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
m I I /'11i111Y1LIm I I
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
TOTAL FINANCING AUTHORITY
15,000.00
10,121.16
4,878.84
67.47D%
100.00
16.86
83.14
16.86D%
678,865.00
678,865.00
0.00
100.000%
5,930,430.00
5 930 182.23
247.77
100.000%
6,624,395.00
6,619,185.25
5,209.75
99.920%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0,000%
6,624,395.00 6.619.185.25 5,209.75 99.92D%
2
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
07101/2006 - 613012007 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL- 1996
BOND PRINCIPAL -2D04
BOND INTEREST - 1996
BOND INTE REST -2004
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
15,125.00
10,121.18
0.00
5,003.84
345,000.00
345,000.00
0.00
000
1,520,000.00
3,710,178.13
0.00
(2,190.178.13)
333,86500
333,865.00
0.00
0.00
4,403,156.00
2,212,978.13
0.00
2,190,177.87
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE
0.00 0.00 0.00 0.00
727300 7273.40 0.00 (0,40)
TOTAL CAPITAL IMPROVEMENT �'3. 7 27 . .3nj
TOTAL FINANCING AUTHORITY
3
LA OUINTA FINANCING AUTHORITY
REVENUE DETAIL
07101/2007. 7/31/2007 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
N 11 m%,u11I1V1• s �
DEBT SERVICE REVENUE:
Conaactual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
Nan Allocated Interest
TOTAL CIP REVENUE
TOTAL FINANCING AUTHORITY
15,000.00
0.00
15,ODO.00
0.000%
000
1.13
(1.13)
0.000%
675,880.00
0.00
675,680.00
00DD%
5 926 808 00
0.00
5 926 806.00
0.0001A
6,617, 6.00
113
6,617,684.87
0000-A
0.00 0.00 000 0.000%
0.00 0.00 000 0.000%
0.00 0.00 0 DO 0.ODU%
6,617,686.0D 1.13 6,617,684.87 0.ODO%
0
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
07/01/2007 - 7/31/2007 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL- 1996
BOND PRINCIPAL - 2004
BOND INTEREST - 1996
BOND INTEREST - 2004
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
15,800.00 65628 000 15,144.72
360,000.00 000 0.00 360,000.00
1,570,000.00 0.00 0.00 1,570,000 00
315,880.00 000 0.00 315,880 00
4,356,806.00 0.00 0.00 4,356,806.00
TOTAL
0.00 000 0.00 0.00
0.00 0.00 000 000
TOTAL CAPITAL IMPROVEMENT 000
TOTAL FINANCING AUTHORITY
5