Loading...
2007 10 16 FALa�� •c U S W cFM OF Ttiti 9 FINANCING AUTHORITY AGENDA CITY COUNCIL CHAMBERS 78-495 Calle Tampico La Quinta, California 92253 Regular Meeting TUESDAY, OCTOBER 16, 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 SEPTEMBER 18, 2007 & I 11 Financing Authority Agenda 1 October 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 TREASURER'S REPORT DATED AUGUST 31, 2007. 2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED AUGUST 31, 2007, AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING SEPTEMBER 30, 2007. BUSINESS SESSION.— NONE AND BOARD MEMBERS' ITEMS — NONE PUBLIC HEARINGS — NONE ADJOURNMENT The next regular meeting of the Financing Authority will be held on November 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 October 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 October 12, 2007. DATED: ctober 12, M17 ERONICA J. NTECINO, City Clerk City of La Quinta, California Financing Authority Agenda 2 October 16, 2007 cFM OF'LKF'� r] WaY 4 64& Quiarcu COUNCIL/RDA MEETING DATE: October 16, 2007 ITEM TITLE: Receive and File Transmittal of Treasurer's Report as of August 31, 2007 RECOMMENDATION: It is recommended the La Quinta Financing Authority: AGENDA CATEGORY: BUSINESS SESSION: _ CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Receive and File the Treasurer's Report dated August 31, 2007. PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA y 001 s cFM OF'CK89� COUNCIL/RDA MEETING DATE: October 16, 2007 ITEM TITLE: Receive and File Transmittal of Revenue and Expenditure Report dated August 31, 2007 and Investment Summary Report for the Quarter Ending September 30, 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 August 31, 2007 Statement of Revenue and Expenditures for the La Quinta Financing Authority and Investment Summary Report for the Quarter Ending September 30, 2007. Respectfully submitted, John M. Falco er, Finance Director Approves! fof submis,' on by: Thomas P. Genovese, Executive Director Attachments: 1. Revenue and Expenditures Report, August 31, 2007 2. Investment Summary Report for the Quarter Ending September 30, 2007' y 004 ATTACHMENT 1 LA OUINTA 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 Non Allocated Interest TOTAL CIP REVENUE TOTAL FINANCING AUTHORITY 0710112007 - 813112007 REMAINING % BUDGET RECEIVED BUDGET RECEIVED 15,000.00 0.00 15,000.00 0000% 0.00 2.32 (2.32) 0 000% 675,880.00 000 675.88000 0.000% 5,926,80600 0.D0 5926806.00 0.000% 6,617.68600 2.32 6,617,683.68 00D0% 000 000 0.00 0 000 % 0.00 000 000 0.000% 0.00 000 000 0 000% 6,617,686.00 232 6,617.683 68 0 000% y 001 FA LA OUINTA FINANCING AUTHORITY 0710112007. 08/3112007 REMAINING EXPENDITURE SUMMARY 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 3,93028 000 000 0.00 000 TOTAL DEBT 000 11,869 72 000 360,000.0( 000 1,570.000 C 0.00 315,880.0( 000 4.356.806 C 000 0.00 0.00 0.00 0.00 000 000 0.00 TOTAL CAPITAL IMPROVEMENT 000 Goo 0.00 0.00 TOTAL FINANCING AUTHORITY 9 005 3 ATTACHMENT 2 LL � v N U U Q ❑ L L > j Q Q � N N N C C _E N C C C LL LL — Y Y O N N 0 N m m p y U) O) OR V ' 007 0