2010 02 16 FAr,
s
S
cFy OF
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, FEBRUARY 16, 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 JANUARY 19, 2010.
001
Financing Authority Agenda 1 February 16, 2010
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 DECEMBER 31, 2009.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED DECEMBER
31, 2009.
3. APPROVAL OF MID -YEAR BUDGET REPORT FOR FISCAL YEAR 2009-2010.
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 March 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 February 16,
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 111, on February 12, 2010.
DATED: ebruary 12, 2010
VERONICA J. TECINO, 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.
Financing Authority Agenda 2 February 16, 2010 002
a
OiiOFF
COUNCIL/RDA MEETING DATE: February 16, 2010 AGENDA CATEGORY:
ITEM TITLE: Receive and File Transmittal of
Treasurer's. Report as of December 31, 2009
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
003
a •�
04 _ ZP Qu&AL
o�
COUNCIL/RDA MEETING DATE: February 16, 2010 AGENDA CATEGORY:
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Reports dated December 31, 2009
RECOMMENDATION:
Receive and File
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
BUSINESS SESSION: ee��
CONSENT CALENDAR: C 'L—
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the December 31, 2009 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
Respectfully submitted,
A& ti ,40tt4'
John M. Falconer, Finance Director
004
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1 . Revenue and Expenditures Report, December 31, 2009
IOB
K
ATTACHMENT 1
LA OUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
Contractual Services Fees
Non Allocated Interest
Rental Income
Transferin
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
Non Allocated Interest
TOTAL CIP REVENUE
TOTAL FINANCING AUTHORITY
07101/2009. 12/31/2009
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,000.00
5,326.78
9,673,22
35,510%
0.00
0.00
0.00
0.000%
675.280.00
543,190.00
132,090.00
80.440%
5,913,331.00
3,808,365.63
2.104965.37
64400%
6,603,611.00
4,356,882.41
2.246,728,59
65.980%
0.00 0.00 0.00 0.000%
0,00 0.60 0.00 9000%
0.00 0.00 0.00 0.000%
6,603,871.00 4,356,882.41 2,246,728.59 65.980%
LA GUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL -1998
BOND PRINCIPAL- 2004
BOND INTEREST -19M
BOND INTEREST - 2004
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
ADJUSTED 1L31109 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
15,800.00
0,808]8
0,00
7193.22
400,000.00
400,OOO DO
0.00
0.00
1,8T0,000.00
1,6)0,000.00
0.00
0.GO
275,280.DO
143,190.00
0.00
132.090.00
4243,331.DO
2,138, 38563
0.00
21104,985. 37
0.00
TOTAL DEBT SERVICE
0.00
am
0.00
000 0.00 0.00 0.00
a.00
TOTAL CAPITAL IMPROVEMENT 0.00 0.00 0.00
TOTAL FINANCING AUTHORITY
00
El
COUNCIL/RDA MEETING DATE: February 16, 2010
ITEM TITLE: Approval of Mid -Year Budget Report for
Fiscal Year 2009-2010
RECOMMENDATION:
It is recommended the Financing Authority Board:
Receive and File the Mid -Year Budget Report.
AGENDA CATEGORY:
BUSINESS SESSION: _
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
t,.