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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, November 17, 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 OCTOBER 20, 2009.
001
Financing Authority Agenda 1 November 17, 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 SEPTEMBER 30, 2009.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED
SEPTEMBER 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 December 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 November
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 111, on November 13, 2009.
DATED: ovember 13, 2009
VERONICA 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 November 17, 2009 "..1 602
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AGENDA CATEGORY:
COUNCILIRDA MEETING DATE: November 17, 2009 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of CONSENT CALENDAR:
Treasurer's Report dated September 30, 2009
STUDY SESSION:
PUBLIC HEARING:
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It is recommended the La Quinta Financing Authority:
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
003
F`y OF Ttte'9 AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: November 17, 2009 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Revenue CONSENT CALENDAR:
and Expenditure Report dated September 30, 2009
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
BACKGROUND AND, OVERVIEW:
Transmittal of the September 30, 2009 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
Respectfully submitted,
John . Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachment: 1. Revenue and Expenditures, September 30, 2009
w. 004
M I I P%'Ll" YIGIY I I
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
0710112009 - 09130/2009
ADJUSTED 9130109
BUDGET RECEIVED
REMAINING %
BUDGET RECEIVED
15,000.00
0.00
15,000.00
0.000%
0.00
0.00
0.00
0.000%
675,280.00
0.00
675,280.00
0.000%
5,913,331.00
3,808,365.63
2,104,965.37
64.400%
6,603,611.00
3,808,365.63
2,795,245.37
57.670%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
6,603,611.00 3,808,365.63 2,795,245.37 57.670%
005
FA
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
ADJUSTED 9130109 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
15,800,00
4,967.61
0.00
10,832.39
SERVICES
BOND PRINCIPAL- 1996
400,000.00
0,00
0.00
400,000.00
BOND PRINCIPAL - 2004
1.670,000,00
1,670,000.00
0.00
0.00
BOND INTEREST- 1996
275,280,00
0,00
0.00
275.280.00
BOND INTEREST - 2004
4,243,331.00
2,138,365.63
0.00
2,104,965.37
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
0.00
0.00
0.00
0.00
TRANSFER OUT
0.00
0.00
0.00
0,00
TOTAL CAPITAL IMPROVEMENT
0.150
0.00
0.00
TOTAL FINANCING AUTHORITY
0 006
3