2008 02 19 FA� T
s
OF
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, FEBRUARY 19, 2008 — 4:00 P.M.
Beginning Resolution No. FA 2008-001
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 JANUARY 15, 2008.
0(
Financing Authority Agenda 1 February.19, 2008
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 DECEMBER 31, 2007.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED DECEMBER
31, 2007.
BUSINESS SESSION
CONSIDERATION OF MID YEAR BUDGET REPORT FOR 2007/2008.
A. MINUTE ORDER ACTION
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
The next regular meeting of the Financing Authority will be held on March 18,
2008, 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 February 19,
2008, 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 February 15, 2008.
DATED: February 15, 2008
ERONICA J ONTECINO, City Clerk
City of La Quetta, California
Financing Authority Agenda 2 February 19, 2008
`eitv 4.Cw4�4
COUNCIL/RDA MEETING DATE: February 19, 2008
ITEM TITLE: Receive and File Transmittal of
Treasurer's Report as of December 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
KI
COUNCIL/RDA MEETING DATE: February 19, 2008
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Reports dated December 31, 2007
RECOMMENDATION:
Receive and File
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
CP—
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the December 31, 2007 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
Respectfully submitted,
John M. Falconer, Finance Director
OOf
Approved for :submission by:
ra/�
homas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, December 31, 2007
005
IUINTA FINANCING AUTHORITY
ENUE DETAIL
ATTAGHME
T SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
TAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
Non Allocated Interest
TOTAL CIP REVENUE
TOTAL FINANCING AUTHORITY
07101/2007.12/3112007 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,00000
0.00
15,00000
0000%
0.00
15518
(15518)
0.000%
675.880 00
522,620 00
153.260 00
77 320%
_ 5,926,80600
3.76017812
216662788
63.440%
6,617,686.00
4,282.95330
2,334,73270
64.720%
000 000 000 0,000%
000 000 0.00 0 000 %
0.00 000 0.00 0 000 %
6,617,68600 4,282,95330 2,334.73270 64720%
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
07/01/2007-12/3V2007 REMAININ(
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
9,64124
000
6,158.76
360,000 00
360,000 00
000
0.00
1.570,000 00
1.570,000 00
000
000
315,880 00
162.620 00
000
153,260 00
4,356,806.00
2,190,17813
000
2,166,627.8i
0 00
0 00
0 00
0 00
TOTAL DEBT SERVICE ,618,4
0.00 0.00 0.00 000
0.00 0.00 000 0.00
TOTAL CAPITAL IMPROVEMENTS 00 0 0.0
TOTAL FINANCING AUTHORITY �6i64$E01
007
R
cFM OF Tkle'9F`?
_-OUNCIL/RDA MEETING DATE: February 19, 2008
ITEM TITLE: Consideration of Mid -Year Budget
ieport For Fiscal Year 2007/2008
RECOMMENDATION:
It is recommended the Financing Authority Board:
Receive and File the Mid -Year Budget Report.
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
'- C