2009 01 20 FA� T
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IA
S
�FM OF
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, JANUARY 20, 2009 — 4:00 P.M.
Beginning Resolution No. FA 2009-001
CALL TO ORDER
Roll Call:
Board Members: Franklin, Henderson, Kirk, 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 DECEMBER 16, 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 NOVEMBER 30, 2008.
1 01
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Financing Authority Agenda 1 January 20, 2009
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT FOR NOVEMBER
30, 2008, AND INVESTMENT SUMMARY REPORT FOR QUARTER ENDING
DECEMBER 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 February 17,
2009, 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 January 20,
2009, 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 January 16, 2009.
DATED: January 16, 2009
�D
VERONICA J. TECINO, 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 Calle Tampico, La Quinta, California, 92253, during normal
business hours.
Financing Authority Agenda 2 January 20, 2009 ,I i
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COUNCIL/RDA MEETING DATE: January 20, 2009
ITEM TITLE: Transmittal of Treasurer's Report as of
November 30, 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: January 20, 2009 AGENDA CATEGORY:
BUSINESS SESSION: _
ITEM TITLE: Transmittal of Revenue and Expenditure
Report for November 30, 2008 and Investment CONSENT CALENDAR: C -
Summary Report for the Quarter Ending December 31,
STUDY SESSION:
2008
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
Transmittal of the November 30, 2008 Statement of Revenue and Expenditures and
Investment Summary Report for the Quarter Ending December 31, 2008 for the La
Quinta Financing Authority.
Respectfully submitted,
34John M. Falconer, Finance Director
Approved for submission by:
�1G2�Y�0�
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditure Report, November 30, 2008
2. Investment Summary for the Quarter Ending December
31, 2008
2
LA OUINTA FINANCING AUTHORITY
REVENUE DETAIL
ADJUSTED 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
15,000 00
000
15,000 00
0,000%
0.00
000
000
0 000%
675,880.00
533,260.00
142,620.00
78900%
5,919,994 00
3,781,628 13
2,138 365 87
63 880%
6,610,874.00
4,314,88813
2,295.98587
65.270%
000 0.00 000 0.000%
0.00 000 0.00 0 000 %
0.00 000 0.00 0 000%
6,610,87400 4,314,88813 2,295,985.87 65.270%
07/0112008 - 11/3012008
LA OUINTA FINANCING AUTHORITY
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
15,800.00
6,47213
0.00
9.327.87
SERVICES
BOND PRINCIPAL - 1996
380.000.00
380,00000
000
000
BOND PRINCIPAL - 2004
1,615,00000
1,615,00000
0.00
000
BOND INTEREST - 1996
296,450.00
153,26000
0.00
143,190.00
BOND INTEREST - 2004
4,304,994.00
2,166,628.13
000
2,138,36587
TRANSFER OUT
000
000
0.00
0.00
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
000
000
0.00
000
BOND ISSUANCE COSTS
000
000
000
000
TRANSFER OUT
TOTAL CAPITAL IMPROVEMENT
0.
TOTAL FINANCING AUTHORITY
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