2008 04 15 FA
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, APRIL 15, 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 MARCH 18,2008.
Financing Authority Agenda
April 15. 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 FEBRUARY 29, 2008.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED FEBRUARY
29, 2008 AND INVESTMENT SUMMARY REPORT FOR THE QUARTER
ENDING MARCH 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 May 20, 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 April 15,
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 111, on April 11, 2008.
DA TED:
VERONICA J. NTECINO, City Clerk
City of La Quinta, California
':i 002
Financing Authority Agenda
2
April 15, 2008
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COUNCIlJRDA MEETING DATE: April 15, 2008
ITEM TITLE: Receive and File Treasurer's Report
as of February 29, 2008
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
/
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
',,' 003
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COUNCIlJRDAMEETINGDATE: April 15, 2008
ITEM TITLE: Receive and File Revenue and
Expenditure Report for February 29, 2008 and
Investment Summary Report for the Quarter Ending
March 31, 2008
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
:L
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
Receive and File the Statement of Revenue and Expenditures for February 29, 2008
and Investment Summary Report for the Quarter ending March 31, 2008 for the La
Quinta Financing Authority.
· 004
Respectfully submitted,
64/1, -r~
John M. Falconer, Finance Director
Approved for submission by:
?~A
Thomas P. Genovese, Executive Director
Attachments: 1.
Revenue and Expenditures for February 29, 2008 and
Investment Summary Report dated March 31, 2008
I.U . 005
2
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL 0710112007 - 02/29/2008 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
DEBT SERVICE REVENUE:
Contractual Services Fees 15,000.00 9,641 23 5,358.77 64.270%
Non Allocated Interest 0.00 157.57 (157.57) 0.000%
Rental Income 675,880.00 522,62000 153,280 00 n.320%
Transfer In 5.926.806.00 3,760.17812 2166,62788 63.440%
TOTAL DEBT SERVICE 6,617.686.00 4,292.596.92 2,325,089.08 64.870%
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest 000 0.00 0.00 o 000%
Non Allocated Interest 0.00 0.00 0.00 0.000%
TOTAL CIP REVENUE 0.00 0.00 0.00 0.000%
TOTAL FINANCING AUTHORITY 6,617,68600 4,292,596.92 2,325,089.08 64 870%
.
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3
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 .0212912008 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
15,800.00 9,641.24 0.00 6,15876
360,000.00 360,000.00 0.00 0.00
1,570,000.00 1,570,000.00 000 0.00
315,880,00 162,620.00 0.00 153,260.00
4.356,806 00 2,190,178.13 0.00 2,166,62787
0.00 0.00 0.00 0.00
TOTAL DEBT SERVICE 6,618,486.00 4,292,439.37 0.00 2,326.046.63
0.00 000 0.00 000
0.00 000 0.00 0.00
TOTAL CAPITAL IMPROVEMENT 0.00 0.00 0.00 0.00
TOTAL FINANCING AUTHORITY ts,61~,4tlts.UU 4.;l~;.!,4~l:I.~( DUO 2,32t:l,U4ti.ti3
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