2009 02 17 FAa,
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, February 17, 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 JANUARY 20, 2009
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 DECEMBER 31, 2008.
Financing Authority Agenda 1 February 17, 2009 „ 001
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED DECEMBER
31, 2008.
3. APPROVAL OF MID -YEAR BUDGET REPORT FOR FISCAL YEAR 2008/2009.
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 March 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 February 17,
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 February 13, 2009.
DATED- February 13, 2009
v/� c
VERONICA NTECINO, City Clerk
City of La uinta, 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 February 17, 2009 * 002
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�FCFM OF
COUNCIL/RDA MEETING DATE: February 17, 2009 AGENDA CATEGORY:
ITEM TITLE: Receive and File Transmittal of
Treasurer's Report as of December 31, 2008
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
BUSINESS SESSION: _
CONSENT CALENDAR:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
.. 003
cFM OF TK09
COUNCIL/RDA MEETING DATE: February 17, 2009 AGENDA CATEGORY:
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Reports dated December 31, 2008
RECOMMENDATION:
Receive and File
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
BUSINESS SESSION:
CONSENT CALENDAR: a
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the December 31, 2008 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
Respectfully submitted,
n M. Falconer, Finance Director
"..- 004
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, December 31, 2008
005 2
LA OUINTA FINANCING AUTHORITY
REVENUE DETAIL
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
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,000.00
0.00
15,000.00
0.000%
0.00
000
0.00
0.000%
675,880 00
533,260.00
142,620.00
78.900%
5,919,994.00
3,781,628.13
2,138,365.87
63.880%
6,610,874.00
4,314,888.13
2,295,985.87
65.270%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
TOTAL FINANCING AUTHORITY 6,610,874.00 4,314,888.13 2,295,985.87 65.270%
006 3
07/01/2008. 12/31/2008
LA OUINTA FINANCING AUTHORITY
ADJUSTED
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
15,80000
9,952.13
0.00
5,84787
BOND PRINCIPAL- 1996
380,000 DO
380,000.00
0.00
0.00
BOND PRINCIPAL -2004
1,615,00000
1,615,000.00
0.00
0.00
BOND INTEREST - 1996
296,450.00
153,260.00
000
143,190.00
BOND INTEREST - 2004
4,304,994.00
2,166,628A3
000
2,138,365.87
TRANSFER OUT
0.00
0.00
000
0.00
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS 0.00 000 000 0.00
TRANSFER OUT 000 0.00 000 000
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
"`. 007
4
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COUNCIURDA MEETING DATE: February 17, 2009
ITEM TITLE: Consideration of Mid -Year Budget
Report For Fiscal Year 2008/2009
RECOMMENDATION:
It is recommended the Financing Authority Board:
Receive and File the Mid -Year Budget Report.
AGENDA CATEGORY:
BUSINESS SESSION: R
CONSENT CALENDAR: R
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
008