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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY. SEPTEMBER 15, 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 FINANCING AUTHORITY MINUTES OF JULY 21, 2009.
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001
Financing Authority Agenda 1 September 15, 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 REPORTS DATED JUNE 30 AND JULY
31, 2009.
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORTS DATED JUNE
30 AND JULY 31, 2009.
BUSINESS SESSION — NONE
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
For all Public Hearings on the agenda, a completed "request to speak" form must be filed
with the City Clerk prior to consideration of that item.
ADJOURNMENT
The next regular meeting of the Financing Authority will be held on October 20,
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 September
15, 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 September 11, 2009.
DATED: eptember 11, 2009
ERONICA J. NTE ]NO, City Clerk
City of La Qui a, 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.
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Financing Authority Agenda 2 September 15, 2009
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AGENDA CATEGORY:
COUNCILIRDA MEETING DATE: September 15, 2009 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Treasurers CONSENT CALENDAR:
Reports as of June 30, 2009 and July 31, 2009
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
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F^� OF rNE� AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: September 15, 2009 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Report dated June 30, 2009 and July
31, 2009
RECOMMENDATION:
Receive and File
FISCAL IMPLICATIONS:
►rem
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Receive and File Transmittal of the June 30, 2009 and July 31, 2009 Statement of
Revenue and Expenditures for the La Quinta Financing Authority.
Respectfully submitted,
K.
ohn M. Falconer, Finance Director
Approved for su/bmiiission by:
(' e�� ��sc-d d•
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report for June 30, 2009
2. Revenue and Expenditures Report for July 31, 2009
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LA DUINTA 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 - 06/30/2009
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%
676,45000
676,45000
0.00
100.000%
5,919,994.00
5,919,993.76
0.24
100.00D%
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 0 000%
6,611444.00 6,606,485.01 4,958,99 99.920%
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LA GUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
ADJUSTED 0710112008 - OW3012009 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL -1996
BOND PRINCIPAL - 2004
BOND INTEREST -19N
BOND INTEREST -20D4
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
1S800.00
12,877,58
0.00
2.922,42
380,000,00
380 W0.0O
0.00
0.00
1,615,000.00
1,615, 00000
0.00
0,00
2%,450.00
296,450.00
0,00
0,00
4,304,994.00
4,304.99376
0OD
0.24
0,00
0,00
0.00
0.00
TOTAL DEBT SERVICE
0.00 000 0,00 O.00
0.00 0 Do 0.00 0.00
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
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LA OUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Cont actual 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
07101 /2009 - 07/3112009
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,000.00
0.00
15,00000
0.000%
0,00
0,00
0.00
0.000%
675.280.00
0.00
675,280.00
0,000%
5913,331.00
0.00
5,913331,00
0.000%
6603,611.00
0.00
6603,611.00
0.000%
0.00 0,00 0.00 0.000%
000 0.00 0.00 0,000%
0.00 006 0.06 0.000%
660361100 0.00 6603,611.00 0.000%
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IA DUINTA FINANCING AUTHORITY
ADJUSTED
0710112009. 07I3112009
REMAINING
EXPENDITURESUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
15,800.00
1D000
0.00
15.10GN
SERVICES
BOND PRINCIPAL -19%
400.MO 00
ODD
0.00
400,00000
BOND PRINCIPAL 20M
1,67GD0000
000
000
1,6I0.MW
BOND INTEREST - 1995
275,28000
0,00
000
276.280.00
BOND INTEREST-2000
4243,33100
0.00
000
4243,331,00
TRANSFER OUT
000
0.00
Go
000
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
0.00
0.00
000
0
BOND ISSUANCE COSTS
000
0.00
0.00
O0U00
TRANSFER OUT
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
6504,
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