2008 05 20 FAU
�cF`b of
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY. MAY 20. 2008 — 4:00 P.
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 APRIL 15, 2008.
Financing Authority Agenda 1
v
May 20, 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 MARCH 31, 2008.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED 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 June 17, 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 May 20,
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 May 16, 2008. it
DATED: / May 16, 2008
M
VERONICA J. ONTECINO, City Clerk
City of La inta, California
Financing Authority Agenda 2 May 20, 2008
T-df 4 4 a"
COUNCIL/RDA MEETING DATE: Mav 20, 2008
ITEM TITLE: Receive and File Transmittal of
Treasurer's Report as of March 31, 2008
RECOMMENDATION:
AGENDA CATEGORY:
MOM 10 %*1W 3"11133
CONSENT CALENDAR: /
STUDY SESSION:
PUBLIC HEARING:
It is recommended the La Quinta Financing Authority Board:
Receive and File the Treasurer's Report as of March 31, 2008.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
C&hf 4rwQ
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: May 20, 2008
BUSINESS SESSION: _
ITEM TITLE: Receive and File Transmittal of Revenue and
Expenditure Report for March 31, 2008 CONSENT CALENDAR: o;+
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
Transmittal of the March 31, 2008 Statement of Revenue and Expenditures for the
La Quinta Financing Authority.
Respectfully submitted,
A!: 44-rl�
John M. Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachment: 1. Revenue and Expenditures Report, March 31, 2008
LA OUINTA FINANCING AUTHORITY
REVENUE DETAIL
ATTACHMENT 1
DEBT SERVICE REVENUE:
Contractual Services Fees
Nan 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
07/0112007. 03/31/2008 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,000.00
9,641.23
5,35877
64270%
0 DO
15834
(158.34)
0.000%
675.880 00
522,620.00
153,260.00
77 320%
5926,806.00
5,926,806.25
(0.25)
100.000%
6,617,686 DO
6,459,225.82
158,460.18
97.610%
0.00 0.00 0.00 0 000%
0.00 0.00 000 0 000 %
000 0.00 000 0 000%
6,617,686.00 6,459,225.82 158,46018 97610%
2
LA OUINTA 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 - 03/31/2008 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
15,800.00
9,64124
0.00
6,15876
360,000.00
360,00000
000
0.00
1,570,000.00
1,570,000.00
000
000
315,880.00
162,62000
0.00
153,2600
4,356,806.00
4,356,806.26
0.00
(026)
TOTAL
000 000 000 0.00
0.00 0.00 Goo 0.00
TOTAL CAPITAL IMPROVEMENT 0.0 0
TOTAL FINANCING AUTHORITY
Cl