2009 07 21 FA� T
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, JULY 21, 2009 — 4:00 P.M.
Beginning Resolution No. FA 2009-003
CALL TO ORDER
Roll Call:
Board Members: Evans, Franklin, Henderson, 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 JULY 7, 2009.
Financing Authority Agenda 1 July 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 TRANSMITTAL OF TREASURER'S REPORT DATED MAY
31, 2009.
2. RECEIVE AND FILE TRANSMITTAL OF REVENUE & EXPENDITURES REPORT
DATED MAY 31, 2009, AND THE INVESTMENT SUMMARY REPORT FOR
THE QUARTER ENDING JUNE 30, 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 September 15,
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 July 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 111, on July 17, 2009.
DATED: July 17, 2009
VERONICA,
City of La Q
Public Notice
)NTECINO, City Clerk
, California
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 July 21, 2009
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AGENDA CATEGORY:
COUNCILIRDA MEETING DATE: July 21, 2009 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of CONSENT CALENDAR:
Treasurer's Report dated May 31, 2009
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and File the Treasurer's Report dated May 31, 2009.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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COUNCIL/RDA MEETING DATE: July 21, 2009
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Reports dated May 31, 2009 and
Investment Summary Report for the Quarter Ending
June 30, 2009
RECOMMENDATION:
Receive and File.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: _92-
STUDY SESSION:
PUBLIC HEARING:
Receive and File Transmittal of the May 31, 2009 Statement of Revenue and
Expenditures for the La Quinta Financing Authority and Investment Summary Report
for the Quarter Ending June 30, 2009.
Respectfully submitted,
AF�A K +'-&4,",
John M. Falconer, Finance Director
Approved for Submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, May 31, 2009
2. Investment Summary Report for the Quarter Ending June 30,
2009
H I 1 AUNIVIUM 1 1
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
TOTAL FINANCING AUTHORITY
07/01/2008 - 06/3112009
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,000.00
10,041.25
4,958.75
66,940%
0.00
0.00
0.00
0.000%
676.450.00
676,450.00
0.00
100.000%
5,919,994.00
5,919,993.76
0.24
100.000%
6,611,444.00
6,606,485.01
4,958.99
99.920%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.0000/0
6,611,444.00 6,606,485.01 4,958.99 99.920%
2
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL -1998
BOND PRINCIPAL - 20D4
BONDINTEREST-19W
BOND INTEREST -20N
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
ADJUSTED 07101/200S-0613112009 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
15,500.00
11.027.58
OAO
4.772,42
380,000.00
380,000.00
0,00
0,00
1,615,000A0
1,615omw
0w
0.00
000
000
2%,45000
4,304,994.00
2%,45000
4,304,993.76
0.00
0.24
0,00
0.00
0.00
0,00
TOTAL DEBT SERVICE
0.00 0.00 0.00 0,00
000 0.00 0.00 0,00
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
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