2009 04 21 FAS
OF
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, APRIL 21, 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 MARCH 17, 2009.
Financing Authority Agenda
"..� 001
April 21, 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 FEBRUARY 28, 2009.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED FEBRUARY
28, 2009, AND INVESTMENT SUMMARY REPORT FOR THE QUARTER
ENDING MARCH 31, 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 May 19, 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 April 21,
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 April 17, 2009.
DATED/ April 17, 2009
r
ICA J. ONTECINO, 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 April 21, 2009 '".. n 002
46
NOF "
COUNCIL/RDA MEETING DATE: April 21, 2009 AGENDA CATEGORY:
ITEM TITLE: Receive and File Treasurer's Report BUSINESS SESSION:
as of February 28, 2009 CONSENT CALENDAR:
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
ceitivI 4 aCP Qumrry
COUNCIL/RDA MEETING DATE: April 21, 2009
ITEM TITLE: Receive and File Revenue and
Expenditure Report for February 28, 2009 and
Investment Summary Report for the Quarter Ending
March 31, 2009
RECOMMENDATION:
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 the Statement of Revenue and Expenditures for February 28, 2009
and Investment Summary Report for the Quarter ending March 31, 2009 for the La
Quinta Financing Authority.
" 004
Respectfully submitted,
John M. Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1 . Revenue and Expenditures for February 28, 2009 and
Investment Summary Report dated March 31, 2009
005
2
LA QUINTA 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
TOTAL FINANCING AUTHORITY
07/01/2008 - 0212812009
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,00000
000
15,000.00
0.000%
0.00
0.00
0.00
0 000%
676.450.00
533,260.00
143,190.00
78.830%
5,919,994.02
1781,628.13
2,138,36587
63.880%
6,611!4 4.00
4,314,888.13
2,296,555.87
65260%
0.00 0.00 0.00 0 000%
000 0.00 0.00 0.000%
0.00 0.00 000 0.000%
6,611,444.00 4,314.88613 2,296,555 87 65.260%
006
3
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL - 1996
BOND PRINCIPAL - 20N
BOND INTEREST -19%
BOND INTEREST -20D4
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
ADJUSTED
0710112008-02(28I2009
REMAINING
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
15,80000
10,04125
000
5,75875
380,000 00
380,000 00
000
000
1.615,00000
1,615,000.00
000
0.00
296,45000
153,26000
000
143,19000
4304.99400
2,166,62813
000
2,138,36567
TOTAL
000 000 000 000
000 000 000 0.00
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
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