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2010 01 19 FAa, S CFy OF 9w FINANCING AUTHORITY AGENDA CITY COUNCIL CHAMBERS 78-495 Calle Tampico La Quinta, California 92253 Regular Meeting TUESDAY, JANUARY 19, 2010 — 4:00 P.M. Beginning Resolution No. FA 2010-001 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 DECEMBER 15, 2009 CONSENT CALENDAR NOTE: Consent Calendar items are considered to be routine in nature and will be approved by one motion. RECEIVE AND FILE TREASURER'S REPORT DATED NOVEMBER 30, 2009. Financing Authority Agenda 1 January 19, 2010 2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED NOVEMBER 30, 2009, AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING DECEMBER 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 February 16, 2010, 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 January 19, 2010, 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 January 15, 2010. DATED: January 15, 2010 VERONICA 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 Calle Tampico, La Quinta, California, 92253, during normal business hours. „„. 002 Financing Authority Agenda 2 January 19, 2010 a F `� OF'Ct1P' COUNCIL/RDA MEETING DATE: January 19, 2010 AGENDA CATEGORY: ITEM TITLE: Transmittal of Treasurer's Report as of BUSINESS SESSION: November 30, 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 cE`y OF TK4'9w COUNCIL/RDA MEETING DATE: January 19, 2010 AGENDA CATEGORY: ITEM TITLE: Transmittal of Revenue and Expenditure Report for November 30, 2009 and Investment Summary Report for the Quarter Ending December 31, 2009 RECOMMENDATION: Receive and File. FISCAL IMPLICATIONS: 01 .iem CHARTER CITY IMPLICATIONS: None. BACKGROUND AND OVERVIEW: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Transmittal of the November 30, 2009 Statement of Revenue and Expenditures and Investment Summary Report for the Quarter Ending December 31, 2009 for the La Quinta Financing Authority. Respectfully submitted, John M. Falconer, Finance Director '"�.r 004 Approved for submission by: Thomas P. Genovese, Executive Director Attachments: 1. Revenue and Expenditure Report, November 30, 2009 2. Investment Summary for the Quarter Ending December 31, 2009 '"..`, 005 K ATTACHMENT 1 LA OUINTA FINANCING AUTHORITY 0710112009 - 1113012009 REVENUE DETAIL ADJUSTED REMAINING % BUDGET RECEIVED BUDGET RECEIVED DEBT SERVICE REVENUE: Contractual Services Fees 15,000.00 5,326.78 9.673.22 35.510 % Non Allocated Interest 0.00 0.00 0.00 0.000% Rental Income 675,280.00 643,190,00 132,090.00 80.440% Transfer In 5,913,331.00 3,808,365.63 2,104,965.37 64.400% TOTAL DEBT SERVICE 6,603,611.00 4,356,882.41 2,246,728.59 65.980% CAPITAL IMPROVEMENT REVENUE: Pooled Cash Allocated Interest 0.00 0.00 0.00 0,000 % Non Allocated Interest 0.00 0.00 0.00 0.000% TOTAL CIP REVENUE 0.00 0.00 0.00 0.000% TOTAL FINANCING AUTHORITY 6,603,611.00 4,356,882.41 2,246,728.59 65.980% gm 3 LA DUINTA FINANCING AUTHORITY ADJUSTED 11/30/09 REMAINING EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET DEBT SERVICE EXPENDITURES SERVICES 15,800.00 5.326.78 0.00 10,473.22 BOND PRINCIPAL- 1996 400,000.00 40 .000.00 0.00 0.00 BOND PRINCIPAL - 2004 1,670,000.00 1,570,000.00 0.00 0.00 BOND INTEREST - 1996 275.280.00 143,190.00 0.00 132,090.00 BOND INTEREST - 2004 4,243,331.00 2.138.365.63 0.00 2.104.965.37 TRANSFER OUT 0.00 0.00 0.00 000 TOTAL DEBT SERVICE CAPITAL IMPROVEMENT EXPENDITURES BOND ISSUANCE COSTS 0.00 0,00 0,00 0.00 TRANSFER OUT 0.00 0,00 000 0.00 TOTAL CAPITAL IMPROVEMENT 000 0.00 0,00 000 TOTAL FINANCING AUTHORITY 6,604,411.00 4,356,882.41 -- 0.00 --2,247.U8.59 001 14111ALInmc.14 m \ % \r{ /oE \i { _::§ �© E _ {] _ :!r 0E 00 ) ;\ {)/) }2> !�® rME 0 _\2{ > �8\� J 0 m - `®* : \ /«]/ 0 \/§ \\ .> 008 s