2007 11 20 FAIrcnuatm�4
C QtiS
OF TY�
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, NOVEMBER 20, 2007 —4:00 P.M.
Beginning Resolution No. FA 2007-003
CALL 10 ORDER.
Roll Call:
Board Members: Henderson, Kirk, Osborne, Sniff, and Chairman Adolph
PUBLIP 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.
CONFIPMATION OF AGENDA
APPROVAL OF MINUTES
1 . ,APPROVAL OF MINUTES OF OCTOBER 16, 2007.
001
Financing Authority Agenda 1 November 20, 2007
CONSgNT 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 SEPTEMBER 30, 2007.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED
SEPTEMBER 30, 2007.
BUSINtSS SESSION.— NONE
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOYRNMENT
The next regular meeting of the Financing Authority will be held on December 18,
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 November
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 1 1 1, on November 16, 2007.
DATED- November 16, 2007
VERONICA J. NTECINO, City Clerk
City of' La Quinta, California
Financing Authority Agenda 2 November 20, 2007
COUNCIIk/RDAMEETING DATE: November 20, 2007
ITEM TI[TLE: Receive and File Transmittal of
Treasurer's Report dated September 30, 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
OW)
COUNCIL/RDA MEETING DATE: November 20, 2007
ITEM TITTLE: Receive and File Transmittal of Revenue
and Expenditure Report dated September 30, 2007
RECOMMENDATION:
Receive and File.
BACKgROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: C1�
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the September 30, 2007 Statement of Revenue and Expenditures 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, September 30, 2007
003
Attachment 1
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental hcome
Transfer In
TOTALIDEBT SERVICE
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
Non Allocated Interest
TOTAL, CIP REVENUE
TOTAL, FINANCING AUTHORITY
07/01/2007 - 9/30/2007 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,00000
000
15,00000
0.000%
000
340
(340)
0000%
675.880 00
000
675,880 00
0000%
5 926 806.00
3 760 178 12
2.166 627.88
63 440%
6,617.68600
3,760,18152
2,857.50448
56820%
000 000 000 0000%
000 000 000 0000%
000 000 000 0000%
6,617,68600 3,760,18152 2,857,50448 56820%
O O
LA QUINTA FINANCING AUTHORITY
07/01/2007 - 09/30/2007
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
15,80000
5,43741
000
10.36259
BOND PRINCIPA4 - 1996
360,000.00
000
000
360,00000
BOND PRINCIPA4-2004
1,570,00000
1,570,00000
000
000
BOND INTEREST'- 1996
315,880 00
000
000
315,880 00
BOND INTEREST!-2004
4,356,80600
2,190, 17813
000
2,166,62787
TRANSFER OUT
000
000
000
000
TOTAL DEBT SERVICE 6,618,486 00
3.765615 54
000
2,8 2,87046
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
000
000
000
000
TRANSFER OUT
000
000
000
0 00
TOTAL CAPITAL IMPROVEMENT 000
000
0 00
0 00
TOTAL FINANCING AUTHORITY
O O