2008 03 18 FA� T
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FINANCING; AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, MARCH 18, 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 FEBRUARY 19, 2008.
Financing Authority Agenda 1 March 18, 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 TREASURERS REPORT DATED JANUARY 31, 2008.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED JANUARY
31, 2008.
BUSINESS SESSION — NONE
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
The next regular meeting of the Financing Authority will be held on April 15, 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 March 18,
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 March 14, 2008.
DATED: arch 14, 2008
VERONICA O TECINO, City Clerk
City of La Quinta, California
a— 002
Financing Authority Agenda 2 March 18, 2008
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COUNCIL/RDA MEETING DATE: March 18, 2008
ITEM TITLE: Receive and File Treasurer's Report
as of January 31, 2008
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
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COUNCIL/RDA MEETING DATE: March 18, 2008
ITEM TITLE: Receive and File Revenue and Expenditure
Report for January 31, 2008
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION: nn
CONSENT CALENDAR: v-
STUDY SESSION:
PUBLIC HEARING:
Receive and File the January 31, 2008 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
fully submitted,
rA -J--44rv�
ohn M. Falconer, Finance Director
Approved for Submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, January 31, 2008
Q04
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
07/01/2007.01/31/2008 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
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
15,00000
9,64123
5,358.77
64270%
000
15648
(15648)
0.000%
675.880 00
522,620 00
153,260 DO
77 320%
5,926,806 00
3 760 178 12
2 166 627 88
63 440 %
6,617,686.D0
4,292,59583
2,325,09017
64.870%
000 0.00 000 0 000%
000 000 000 0.000 %
000 000 000 0000%
6,617,686.00 4,292,59583 2,325,09017 64.870%
"L 003
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LA QUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
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
07/01/2007-01131/2008
REMAINING
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
1580000
9.641 24
000
6,15876
360,000 00
360,000.00
000
000
1,570,00000
1,570,00000
000
0.00
315,88000
162,62000
0.00
153,260.00
4,356,80600
2,190,17813
000
2,166,627.87
TOTAL DEBT
000 0.00 000 0.00
0,00 000 0.00 000
TOTAL CAPITAL IMPROVEMENT 000 0 000
TOTAL FINANCING AUTHORITY
A'1 006
3