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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, OCTOBER 21, 2008 —4:00 P.M.
Beginning Resolution No. FA 2008-003
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 SEPTEMBER 16, 2008.
N,.. 001
Financing Authority Agenda 1 October 21, 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 AUGUST 31, 2008.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED AUGUST
31, 2008, AND INVESTMENT SUMMARY REPORT FOR THE QUARTER
ENDING SEPTEMBER 30, 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 November 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 October 21,
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 October 17, 2008.
DATED: October 17, 008
VERONICA J. NTECINO, City Clerk
City of La Quinta, California
Public Notice
Any writings or documents provided to a majority of the Financing Authority regarding any
item on this agenda will be made available for public inspection at the City Clerk counter at
City Hall located at 78-495 Calls Tampico, La Quinta, California, 92253, during normal
business hours.
Financing Authority Agenda 2 October 21, 2008 " 002
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COUNCIL/RDA MEETING DATE: October 21, 2008
ITEM TITLE:
Receive and File Transmittal of Treasurer's Report
as of August 31, 2008
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
AGENDA CATEGORY:
BUSINESS SESSION: _
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Receive and File the Treasurer's Report dated August 31, 2008.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
003
ce4,t-it 4 4 QK!Krry
COUNCIL/RDA MEETING DATE: October 21, 2008
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Report dated August 31, 2008
and Investment Summary Report for the
Quarter Ending September 30, 2008
RECOMMENDATI
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION: _
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Receive and File Transmittal of the August 31, 2008 Statement of Revenue and
Expenditures for the La Quinta Financing Authority and Investment Summary Report for the
Quarter Ending September 30, 2008.
R pectfully sub�%mitted,
John M. Fal oner, Finance Director
Approved
/ for sub issio by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, August 31, 2008
2. Investment Summary Report for the Quarter Ending September 30, 2008
1. 004
LA OUINTA FINANCING AUTHORITY
REVENUE DETAIL
A 1 1 AllrllvfCIV 1 I
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
07/OWOOS-08/3112008 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,000.00
0.00
15,0D0.00
0000%
000
0.00
0.00
0 000 %
675,88000
000
675,88000
0,000%
5,919 994.00
000
5,919,994 00
0 000%
6,610,874.00
O.OD
6,610,874.00
0.000%
0.00 000 000 0.000 %
000 0.00 0.00 0.000%
0 DO 0.00 0.00 0 000%
6,610,874 00 000 6,610A74 00 0 ODD%
L
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
07/01/2008-OW31/2008 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL -1998
BOND PRINCIPAL - 2004
BONDINTEREST-1996
BONDINTEREST-2004
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
15.80000
4,13028
000
11,66972
380,00000
000
000
380,00000
1,615, NO 00
000
000
1,615,000.00
296,450 00
000
000
296,450 00
4,304,99400
000
000
4,304,99400
000
000
000
000
TOTAL DEBT SERVICE
000 000 000 000
000 000 000 000
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
666
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