2008 06 17 FAC,
°k #Oka
F
U
(!3 qq
Sw
CEy OF
Oti
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, JUNE 17, 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 MAY 20, 2008.
n1
Financing Authority Agenda 1 June 77, 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 APRIL 30, 2008.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED APRIL 30,
2008.
BUSINESS SESSION — NONE
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
An adjourned meeting of the Financing Authority will be held on June 19, 2008, at
6:00 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 June 17,
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 June 13, 2008.
DATED: /June 13, 2008
VERONICA J.)(ONTECINO, City Clerk
City of La Quinta, California
002
Financing Authority Agenda 2 June 17, 2008
i
a •�
a � s
4a�w
cF`N OF •tK4'�
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: .tune 17, 2008 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of CONSENT CALENDAR:
Treasurer's Report as of April 30, 2008
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
OF T1'94,
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: June 17, 2008 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Revenue CONSENT CALENDAR:
and Expenditure Report for April 30, 2008
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
BACKGROUND AND OVERVIEW:
Receive and File Transmittal of the Statement of Revenue and Expenditures for April
30, 2008 La Quinta Financing Authority.
Respectfully submitted,
A mn 4"W'
John M. Falconer, Finance Director
Approved for Submission by:
Thomas P. Genovese, Executive Director
Attachment: 1. Revenue and Expenditures Report, April 30, 2008
064
ATTACHMENT 1
LA OUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
CAPITAL
Pooled Cash Allocated Interest
Non Allocated Interest
TOTAL CIP REVENUE
TOTAL FINANCING AUTHORITY
0710112007 - 0413W2008 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15.000.00
9,641.23
5,358.77
64270%
0.00
15B.34
(15834)
0.000%
675,880.00
675,880.00
0.00
100.000%
5,926,806.00
5,926,806.25
(0 25)
100.000%
6,617,686.00
6,612,485.82
5,20018
99920%
0.00 0.00 000 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 000 0.000%
6,617,68600 6,612,485.82 5,200.18 99.920%
0 G 5
z
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
07/01/2007 - 03131/2008 REMAINING
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 9,641.24 0.00 6,15876
360.00000 513,260.00 0.00 (153,260.0
1,570,000.00 1,570,000.00 000 0.00
315,880.00 162,620.00 0.00 153,260.Oi
4,356,806.00 4,356,80626 000 (026)
TOTAL DEBT
000 000 0.00 0.00
0.00 0.00 0.00 000
TOTAL CAPITAL IMPROVEMENT 0. 0.00 0.00 0.00
TOTAL FINANCING AUTHORITY
�UO
K3