2000 07 18 FAv _ 5
4
5
G��1 OF TL9w
La Quinta
Financing Authority
Agenda
CALL TO ORDER
a. Roll Call
Board Members
PUBLIC COMMENT
City Council Chamber
78-495 Calle Tampico
La Quinta, California 92253
July 18. 2000
3:00 PM
Beginning Res. No. FA 2000-02
Adolph, Henderson, Perkins, Sniff, Chairman Pena
Atthis time, members of the public may address the Finance Authority on any matter not
listed on the agenda or scheduled for public hearing. Please complete a "request to speak"
form and limit your comments to three minutes.
For all Public Hearings on the agenda, a completed "request to speak" form must be filed
with the City Clerk prior to the Council beginning consideration of that item.
Please watch the timing device on the podium.
�6181o141
APPROVAL OF MINUTES
1. APPROVAL OF THE MINUTES OF JUNE 20, 2000.
2. APPROVAL OF THE MINUTES OF JUNE 27, 2000.
CONSENT CALENDAR
1. TRANSMITTAL OF TREASURER'S REPORT DATED MAY 31, 2000.
2. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED MAY 31, 2000. " 001
•
CONSIDERATION OF A RESOLUTION APPROVING THE FISCAL YEAR BUDGET
2000/2001.
A. RESOLUTION ACTION.
PUBLIC HEARINGS - None
I �1:111 EMU it • • ••
I, June S. Greek, Secretary of the La Quinta Financing Authority, do hereby declare that the foregoing
agenda for the La Quinta Financing Authority meeting of July 18, 2000, was posted on the outside
entry to the Council Chamber, 78-495 Calle Tampico and on the bulletin board at the La Quinta
Chamber of Commerce on Friday, July 14, 2000.
Dated: JuLY 14, 2000
-
(ay��
June S. Greek, CMC/AAE
Secretary, La Quinta Financing Authority
PUBLIC NOTICE
The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed
for the hearing impaired, please call the City Clerk's Office at 777-7025, 24-hours in advance
of the meeting and accommodations will be made.
Page 2 0002
Tjht 4 4Q"
AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: ,July 18, 2000 CONSENT CALENDAR:
STUDY SESSION:
Transmittal of Revenue and Expenditure PUBLIC HEARING:
Reports dated May 31, 2000
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
Transmittal of the May 31, 2000 Statement of Revenue and Expenditures for the
La Quinta Financing Authority.
Respectfully submitted:
4
Jo n M. mFalcone , Finance Director
Approved for Submission by:
Thomas P. Genovese
City Manager
Attachments:
1. Revenue and Expenditures Report, May 31, 2000
003
LA QUINTA 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
07/01 /1999 -5/31 /2000
REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
5,600.00
0.00
5,600.00
0.00%
12,400.00
(547.89)
12,947.89
-4.42%
679,670.00
679,670.00
0.00
100.00%
0.00
8,332.58
(8,332.58)
N/A
697,670.00
687,454.69
10,215.31
98.54%
0.00 5.97 (5.97) N/A
0.00 11,810.00 (11,810.00) N/A
0.00 11,815.97 (11,815.97) N/A
TOTAL FINANCING AUTHORITY 697,670.00 699,270.66 (1,600.66) 100.23%
004
003
LA QUINTA FINANCING AUTHORITY
07/01/1999 - 5/31/2000
REMAINING
%
EXPENDITURE SUMMARY
BUDGET EXPENDITURES
ENCUMBERED
BUDGET
EXPENDED
DEBT SERVICE EXPENDITURES
SERVICES
9,020.00
9,081.50
0.00
(61.50)
100.68%
BOND PRINCIPAL
250,000.00
250,000.00
0.00
0.00
100.00%
BOND INTEREST
429,670.00
429,670.00
0.00
0.00
100.00%
TRANSFER OUT
0.00
0.00
0.00
0.00
N/A
TOTAL DEBT SERVICE
688,690.00
688,751.50
0.00
(61.50)
100.01 %
CAPITAL IMPROVEMENT EXPENDITURES
TRANSFER OUT
517,731.78
8,332.58
0.00
509,399.20
1.61%
TOTAL CAPITAL IMPROVEMENT
517,731.78
8,332.58
0.00
509,399.20
1.61%
TOTAL FINANCING AUTHORITY
1,206,421.78
697,084.08
0.00
509,337.70
57.78%
O 00
ME
T4ht 4 4 Q"
AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: July 18, 2000
CONSENT CALENDAR:
ITEM TITLE:
STUDY SESSION:
Transmittal of Treasurer's Report PUBLIC HEARING:
as of May 31, 2000
RECOMMENDATION:
Receive and file.
BACKGROUND AND OVERVIEW:
Transmittal of Treasurer's Report dated May 31, 2000 for the La Quinta Financing
Authority.
FINDINGS AND ALTERNATIVES:
I certify that this report accurately reflects all pooled investments and is in
compliance with California Government Code Section 53645 as amended 1 /1 /86;
and is in conformity with City Code 3.08.010 to 3.08.070 Investment of Money
and Funds.
I hereby certify that sufficient investment liquidity and anticipated revenues are
available to meet next month's estimated expenditures.
Respectfully submitted:
hn M. Falcdner, Finance Director
Approved for submission by:
Thomas P. Genovese, City Manager
Attachment: Treasurer's Report, La Quinta Financing Authority
4 006
Titit 4 4Qu«rw
MEMORANDUM
TO: La Quinta City Council
FROM: John M. Falconer, Finance Director/Treasurer
SUBJECT: Treasurer's Report for May 31, 2000
DATE: June 29, 2000
Attached is the Treasurer's Report for the month ending May 31, 2000. The reportis submitted to
the City Council each month after a reconciliation of accounts is accomplished by the Finance Dept.
The following table summarizes the changes in investment types for the month:
Investment Beginning I Purchased i Sold/Matured Other Endinq Change
Cash (1)
$411,907
306,374
1718,281
LAIF
1 $10,572,960
500,000
` 11,072,960
US Treasuries (2)
$21,485,821
10,498,031 6,951,000
(93,461)
24,939,391
US Gov't Agencies (2)
$19,846,079
57,646
19,903,725
Commercial Paper (2)
$0
3,978,974
j
3,978,974
'Mutual Funds
$4,349,234
267,598
4,081,636
Total
$56,666,001
$14,977,005 $7,489,157
$270,559
$64,694,967
$306,374
500,000
3,453,570
57,646
3,978,974
I certify that this report accurately reflects all pooled investments and is in compliance with the California
Government Code; and ins in conformity with the City Investment Policy.
As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated
revenues are available to meet the pools expenditure requirements for the next six months. the City of
La Quinta used the Bureau of the Public Debt, U.S. Bank Monthly Statement and the Bank of New York
Monthly Custodian Report to determine the fair market value of investments at month end.
John M. Falconer I
F ance Director/Treasurer
z5 o o _
Dat
Footnote
(1) The amount reported in the other column represents the net increase (decrease) of deposits and
withdrawals from the previous month.
(2) The amount reported in the other column represents the amortization of premium/discount for the
month on US Treasury, Commercial Paper and Agency investments.
007
3-
C
O
d
d
d
d
d
d
d
d
U
O
Z
O
Z
O
Z
O
Z
O
Z
O
'.Z
O
Z
O
ZI
W
N
i
O
c E A
O N d
f0
7
7
`p
O
C
C
CL
O
ff
N .-
O ^
Ow
U
LL
LL
�
;
W CA
a o 0
N y
fU d
>
'
d
m m
X7
CD
d
d
f0
0
C
f0
T
>
m
m O
N
C
0
Y)
N
C
0
3
N
N
N
�
IN
C
c
V
N
>
ycy �co
N U
m
N
O
C
C
Ol
pp
¢ O C C 6
Id 1'.,
a.
yy d
am0
N
O
O
0
-0 76 E
GC'
p N�
f0
(A > N
K
fD
Of
U. v
E E c
I ofa
C m .-
n
H
N
y
O? > d
j
N
O y O C
v
v
Z50w 4)
H
N
7
G
w d
a
N
�
a
O
�
!atpO
O
C'�)
a
�
v
a
N
�
N
a
fn
O
a
fp
N
Q
Z
O
O
o
a
000
'
O
c
a
CO0
<
c
a
N
°n\j
0
co i�:
a
f0y
a
Q
o
¢
Z
O
O
g
N
G
7
u>
N
fV
n
a
-
N E
7 fx0
a
- �
a
M
s
N
� �
I
N
�
O
a
a
a
a
a I'
a
O
00
N
N
LL-
coU]
OOi
O
N
Z
¢ >
P
T
4
�
O
N
ca
a
as
a
a
a
a l
a
a
a
LL 7
N
8
m
r
^
p
O
O
¢'
v
n
O
O
a
coo
I
i
i
" E
V
a
a
a
a
a
a
s
a
LO
(0
f,
n
M
!
Z
m
.0
M
m
d
N
d
U)
V
2
O N
D
C O
c
C
N O
N C B
d
C ¢ m V
0
2
N O O
d
y
co
EU �¢m
y
dC 2LL
> Z
wCc: N
.p
c
N
C
C
U f0 c m `z C C
U d
« O.
N
c
7
E
N
o
m
mho(,,� cc
G 0
a
y o y° m d
m�
_
LL
L m
m ��
d
o
m
0
d rnd¢ m� o
cU
mLL
=
a
•-
r
C
N
O
V o) l9 d
O
01Q
C
O m
NZ
d
L
Z
f0L 0�l Z►.LL..m
d Lyy O Y O C L
LL
O
N D C
O
a
p
;
N
=pp� d
mu O
6 :
7 N p
E_Lmcn
c
N
0
N
O 0
cr
V) O �a O
a.
CN
�1
y
1c0
m
C�
{p f0 l0 J m U J
75
7 N
EECcm
d
E
>
N
p
d
N
q��cZgE�€E
E C E Z= J LL C=
2
c
C
'Lc U c�
d
¢
c
m
y
L
> O�Emm��a �o 0
E
o
a
CD
QcQ�
O
O
0 EM d d N d d N N
U
¢
t
d
N
N
tN :LiLiL&
O
C V N
d
>
f0
vxg
2E
WQf
C
H
Ile aaa
orno8
ccici(DQD
N r
C C N
N C
d
UQ�
O >
aH
. a:
`oo`om
C 1 C 0 Z+
E E E N m
WWW C
NN dC
008
.N
(1��j
f0 O
C c C
a` a` ` U ¢)
YC
t
S
'p
o 0 0 0
d
0000
>-
O CM M Vt
co cD co co
0000
CD N N
N
0000 c0
C)0)� 0 O
m Q Q Q
N
Q
= (A
•eQ
C,ZZZ
O O O SZ'
010000000
J
(Op�opa0�
O O O
04 O c0
V
nM
CV) MMT-
69� 64
01 0 OOOO
0 Q a aO O O O 0( C C)
CL zzo00oz'
x U')oCDC)
W C6 vriIli
O
O O O O
O
O O O O
O
0000
01QNQNC
CVQ�
Q � Z co Z
M M M ai z
A
O N N d)
0
MOOe-
0
im
co Itrl,
•c7
co IV r-
�i(p 6 O
CD O 0 w olwl
4I
CL Crp D
d'�
ti)-0G
Nco)
CIO CV) �.
I fl4
C
c
'>—_ZZZ=
O 00 O
Icn 00
Z'Z,�O �I
caa0yUE-LL
0)?:
smcoVmI
O
a)
0cnc!1 Nm
Q
U
>>>U
rn
c
I !
I
I
m
C
ILL
a) c
U
d
H
a)Q
it
L
CL
000m
ZZza a!
E C
y a%
`
N
f��! N N,
c > a
—acid
o=
j�
IEi
ZZ�E�Iw
C� O O
C
°� Q
U) N CO)=�
Cl) Z+-p N
d
E
O— o
CUB
N m m p O' >,
(,�
p E W M
N
y U
2V�Ic
y lC;�
UU)5
> �� lL LL co CD pli
5z10 »>n.��E--I
'O 0 0
dl
cl� M
Lri Lo
O 0
�QQQ
C� C'?Q'
pizzz
m mz'
O NO
a
�
��00
010'I
0
;�
W)
•C11 O O O
0 (D L 00 I
i 00
CIEA
O CO �ie-i
000 N �
IWj;
�M ;
a•',
N ti
�1Ai
i
C
I
>
O O
Z Z U)
di(n O O
sI
a�a�cam—
—�cmcc���II
�
0CDCO~~
a)
cA co
I
it
�
f
III
I
O'
O N
N N '�
O O
y
C m
coL
Oi
U
O O OI
G
O
'C
5 81
z z
•�
M
N
_
°'
�. _ co
�Imi
'C
,w
Ni E'
a`
w E
E
�a:�,
d
Ica
0
> >�'
(NC �
y!
L n
C >
> CI
E
O—
cU��T
ll c
as
N''
0ccN;w.
N,
' L
EN W
�
�R
iOI
Ov
E
ONOC>
01i'c
I!
Op
O E'
CzU
F
aJQ�M!
' t
75.
g„ X gY x q„ qS Ia yN�
O N iN 10 O
,N IN Z 10
�Q5�[ q pO G q pp�p q� p g
,=`:001 ZIa0000 ig... 218888� ,N ZOI
NNNiNNii O O O G'
<'8 <1 lit3
�ir: tSoo� �$0000 �R000 �j8gg81 �Ro
w ,�i'o'^ 88"�gj^ i��o� ♦pp+ yNpp�lo >,mmgl�
N�•'-
<m Ig
lin gig
I �
,00aool
F r e le- e
—IN4INNNI
;77777I
ffi 3 o��I
i
u
4
10 o
EEq
q e
EE
3szQ
jig
2
1$
UKU�
o�
r=
a
raj "t y
TIN c t
�ZZ22, K.� {£j U
�aaaaih �I��a 'a �
a
t
If
O J) n p
b 8
q op g gp QQp Cp op 0
Z'OOOO �INNMMM
3 g
gil0000; g�IRRStAbi,
ICI , 1II
_N NN �!QiF FBif:
I=0i
C
C �y tl1N71�
7 7�tl1 (ONy
zjoooiploaaal Y
¢g¢rc�.Qilr
I4
33
C
N
N
m •
� C
N y
E
E a
•
> C
C
o8 N
U) C7
N N U
cV O
00
CJ c o C
N O N
J o �7 M-
c
m
V,
'Q o CCA, g P10rytoPOO)
N
)n
COD
to
O)
r9N
O
COOQ1 ��N �O1L9�� 10O
O
N
_mN
NN1�0O
T
F
Cr,m Cd 0PNl0h N
P M ry ry N O K cD fO P
a(d
U>
F-
ro
H O
to
P CD
10
ID
NOcom r�C',
N
Vf
W
N
Yi
P
10
Y►
K
t T P
R 10 t0
C W l0
CD
N
C7 N P
LO
M
P.
�
{?
(Do
P
O
N
N t0
a
N n (Op
):
0(D0�
d
0
d
(D )0 c0
c
c
LL c LL C
'0LL
c CU- CLL
O O N m
V
N
O N
LL EEp
C 0
LL c r 0 O C
C>
Q
U
N C C
C
C
�LIL
C
cam m a,v " cd''ya C
c� CLL C
�
O` N
QU
LL U. U a�U-ILCU y aa.�
E Zc
r
Cu-
�~ E� N rn� =°NOPi o��a
cwE Ny
0
'aa
•
a cN
0L)0 ->y SUaawJf-
t
19
Ua�y
a
iz
0
o
h0-
ICV — C) C co: �
'N N 0) m
NIN P
C 'I{ N Q C
O 2 1
i 1A
O r fh cc
N N cl)
R�t0�0 MIP�
>` <h ^ +j
NIN N t0 ri j C6_
Oi CA Iq a m MICA
M v7l Lo
�~ •- •- ^ I6i,,
< tC4
N N
..N N Op OcO�O
a 10 C-)Oee++OJJ co
N
P 1 )
NIO 0)00) o O M J
,
��N), W
t p N _O O C)
N A A O N O jl
dC6M PQC00>N
1. O )O P 1fI �J
U. � NI
M �: 10 )0
N pO cO�ry�
C" t0
�t+)OCCNC4
C tD 40 P co in t0
N�L010 In C)-r
f")1010
E,R)� N °yam
) O 0 V O P.N
m co � O
t 0 �R �! L
r- Ir m
co co M O
m It 0)
O c0
co
N N
a c O
(31 !9 �4
10O0co
co Psf
P N 7
E(3P,Go 010
d� cc
C', N ^
NNaq Of C. aj
O O 7 T O O P
Q O O P N
y►O/ON ma
0
<O
MA
i
N
MM co
Nm (OO
!'1
PO'f p
t0
W
O
N
O R O
Oi tV 0) A f� 1�
V
ftOOlff
N t0
l'9
t0
♦-
en�tONaOD
�n tOOA t`O'Y
10. co
tM0
h
N N
pCOpD_
N tO R N N
W
O co
V
O M
0 CC)
to A M
Ol
•'
N
uN
O O
CD
cp
V
A ul N--A
t0 000
N
t0
C!
cn
V
Orto
C N In L
rt0
p coo O a
arA
m
N
O
N
m
N
U.
<
r
O
d
in
0 m
M 0
-It OD0aA
in
CD co aa)
CD
N
N
O
YO9
��RNpyON
ON
O!
VA
N
y
N �
r O N
�O�co
A 01 O-V M O
�Osf M
r
N
m
0
n
01
0
LL
Ch
N
V
N
V
N
N
A00
OA0 co
N
Q
O �co
)0
0
ON
_
NN
OCSF
N
1-
�
OCDC0CA
r!
P'f
0
cn0P1
rN
tpN ew
c)�N<N
V
1'
LL
<f
N
N
N
COcit
Mi r NCOD
0)Cd Go(3)ty
MrgjORIA
N
N
N
OOA
U.
N
N
r N eh
1:
CD
h
t0
'O
co
1pp1��
nf�NtOa
aa
V
1'7
N
O!
a0
�r0:
ttpp
C�DN OON
to O)1AOa
ee{{
Nt`�0^�N
C
r
O
O
U.
t0
NA�
MN01N-1H
O
7
tj
N
N
O
O
m co
0
n0LN(
M�Q0
N
CD
N
O
O V IT
�iO
M0
.r
_
to N
7O.N
AROOt0
NNO
�
C%
N
U.
N
O r
1�11O
N O _M A
R�OO�Yf
N C.) A AP-
�OCO')ArA
0
N
O
0
t0
N
O
1.100
N
0O tA�
cq
A tOM C 00t0�
CDOOA
CND
N
N
aAa
T
QO)
(.0
tjC
OQ7A O
V
O O
10
r
A b
N P) N N
N Ci C] 10 A
O
CO
A
e
c
E
„
r
>
o
>
c
H
N
C
7
a
040
c
� x
�
N
y
ad
0
off
c
C
c
d
a
m
T
c
m °' c
CL
u
0a
L
q
x tcy
N G
F- 7 W
so
O Q 'C
C C '-' y a
7
.+
9
x
W N
N y
N
A
m
�%
C
N Q C
d tL c
W
7 Q
N
I
O
cl
C
x>d
�0ao8.2
d
c
C
N
>U)TOCdO
c
Ou
N
G
mW
d•F-tnO
C
t =tD)
W tg0000E-
O
d
LO
Z U
WCC
ZLd
V�
CITY OF LA QUINTA
CITY
CITY RDA
RDA FA
BALANCE SHEET 06/31/00
FIXED
LONG TERM FIXED
LONG TERM FINANCING LONG TERM
GRAND
CITY ASSETS
DEBT RDA ASSETS
DEBT AUTHORITY DEBT
TOTAL
ASSETS:
POOLED CASH
(3,551,452.07)
14,267,395.21
(786.94)
10,715 156 30
LORP INVESTMENT IN POOLED CASH
$05,000.00
805,000.00
INVESTMENT T-BILLINOTES 3 OTHER
39,480,000.00
39,480.000 00
AUTO MALL CASH
2O8,238.93
208,23&93
LORP CASH
61.945.47
61.845 47
BOND REDEMPTION CASH
180,089.51
28.73
180.118,24
BOND RESERVE CASH
BOND PROJECT CASH
12,801,244.40
594.246.28
13.395,490,68
BOND ESCROW CASH
PETTY CASH
1,000.00
1.000,00
CASH & INVESTMENT TOTAL 38,137,786.86
28,115,574.59
593.488.17
64.846.849.62
INVESTMENT IN LAND HELD FOR RESALE
ACCOUNTS RECEIVABLE
41,173.38
60,983.90
8,200,000.00 8.362.157.28
PREMIUM/DISCOUNT ON INVESTMENT
(91,346.52)
(51,021.00)
(9,513.07) (151,982.59)
LORP-ACCOUNTS RECEIVABLE
57,534.36
57.534.36
INTEREST RECEIVABLE
14.940.53
14.940.53
LOAN/NOTES RECEIVABLE
17,437.19
2,868,8W.80
2,686,287.99
DUE FROM OTHER AGENCIES
127,984.00
127,984.00
DUE FROM OTHER GOVERNMENTS
DUE FROM OTHER FUNDS
785,501.19
741.656.90
1,527.15&09
DUE FROM RDA
7,113,127.20
7,113,127.20
INTEREST ADVANCE -DUE FROM RDA
1,873,885.34
1,873,685.34
ADVANCES TO OTHER FUNDS
113,974.91
113,974.91
NSF CHECKS RECEIVABLE
2.006.11
2.006.11
ACCRUED REVENUE
833.40
833,40
TRAVEL ADVANCES
1,453.00
1.453.00
EMPLOYEE ADVANCES
PREPAID EXPENSES
RECEIVABLE TOTAL
9.999.934.33
3,478,838.36
8,250,486.93 21.729.259.62
WORKER COMPENSATION DEPOSIT
RENT DEPOSITS
UTILITY DEPOSITS
75.00
75.00
MISC. DEPOSITS
2,100.00
2,100.00
DEPOSITS TOTAL
2,175.00
_ _
2,175,00
GENERAL FIXED ASSETS
1.356.535.88 15,285,816.00
10,236,506.05
26.878.857.93
ACCUMULATED DEPRECIATION
(686.681.27)
(685,581.27)
AMOUNT AVAILABLE TO RETIRE UT DEBT
3,395,117.03
3,395,117.03
AMOUNT TO BE PROVIDED FOR LIT DEBT
1,677,482.02
95,318,423.06
8,280,000.00 105,255,905.08
TOTAL OTHER ASSETS
670,954.81 15,285,818.00
1,677,482.02 10,230,506.05
98,713,540.09
8.260.000.00 134,844,298.77
TOTAL ASSETS
46,810,850.80 15,285,818 00
1,677,482.02 31 594 412.95 10 236.505.05
98,713,540.09
8,843,975 10 8 260.000.00 221.422.583.01
LIABILITY
ACCOUNTS PAYABLE
11,999.44
11.999.44
DUE TO OTHER AGENCIES
1,381,820.33
1,381,820.33
DUE TO OTHER FUNDS
575.00 1,517,278.09
9.305.00 1,527,158.09
INTEREST ADVANCE -DUE TO CITY
ACCRUED EXPENSES
PAYROLL LIABILITIES
61.735.07
61,735.87
STRONG MOTION INSTRUMENTS
6,252.52
6,252.52
FRINGE TOED LIZARD FEES
28,890.00
28,890.00
SUSPENSE
3,920.00
3.920.00
DUE TO THE CITY OF LA QUINTA
_
PAYABLES TOTAL
1,483,193.72 11,999.44 1,517,278.09
9,305.00 3,021,778.25
ENGINEERING TRUST DEPOSITS
SO. COAST AIR QUALITY DEPOSITS
ARTS IN PUBLIC PLACES DEPOSITS
479,057.05
479,057.05
LORP DEPOSITS
15,164.00 15,164.00
DEVELOPER DEPOSITS
1,062,867.47
25.000.00 1,067,867.47
MISC. DEPOSITS
408,151.59
408,151.59
AGENCY FUND DEPOSITS
1,531,744.64
1,531,744.64
TOTAL DEPOSITS
3.481.820.75
40,164.00 3,521,984.75
DEFERRED REVENUE
8.270.67
8,260,000.00 8,268,270.67
OTHER LIABILITIES TOTAL
8,270.67
8,260,000.00 8,268,270.67
COMPENSATED ABSENCES PAYABLE
DUE TO THE CITY OF LA QUINTA
DUE TO COUNTY OF RIVERSIDE
DUE TO C.V. UNIFIED SCHOOL DIST.
DUE TO DESERT SANDS SCHOOL DIST.
BONDS PAYABLE
TOTAL LONG TERM DE
TOTAL LIABILITY
EQUITY -FUND BALANCE
337,880.86
1,327,601.72
1,665,482.58
4,973,285.14 1, 677, 482.02 1,557,442.09
41,837,565.W 15,285,816.00 30,036,970.86 10,236,506.05
8,764,154.34
12,466,237.00
10,058,148.75
337,880.86
10,091,756.05
12,466,237.00
10,058,148.75
67,415,000.00 _ 8,260,000.00 75,875.000.0_0
98,713,540.09 8,260,000.00 108,839,022.67
98,713,540.09 8.269.305.00 8,260,0W.00 123,451,054.34
574,670.10 97,971,526.67
TOTAL LIABILITY & EQUITY 48,810,850.80 15,285,616.00 1,677,482.02 31,594,412.95 10.236.506.05 98 713 540 09 8,943,975.10 8,260,000.00 221,422,03.01
TU-00)
CASH & INVESTMENT TOTAL 64,846,949.62
PREMIUM/DISCOUNT ON INVESTMENT (151.862,591 O
TOTAL UAIM,967.03
Tjht °F 4Qg«tw
AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: July 18, 2000
CONSENT CALENDAR:
ITEM TITLE:
STUDY SESSION:
Consideration of a Resolution
Approving the Fiscal Year 2000-2001 PUBLIC HEARING:
La Quinta Financing Authority
RECOMMENDATION:
Adopt a Resolution of the City Council approving Fiscal Year 2000-2001 City of La
Quinta Financing Authority Budget.
FISCAL IMPLICATIONS:
All Fiscal Year 2000-2001 revenues, operational appropriations and capital project
funding are included in the Proposed Fiscal Year 2000-2001 City of La Quinta Budget.
BACKGROUND AND OVERVIEW:
See City Council Staff Report
Respectfully submitted,
Thomas P. Genovese, Executive Director
11 015
RESOLUTION NO. FA2000-
A RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY
APPROVING A BUDGET FOR FISCAL YEAR 2000-2001
WHEREAS, each year the La Quinta Financing Authority adopts a Budget for
Revenues and Expenditures for the upcoming Fiscal Year; and
WHEREAS, the Financing Authority desires to make provisions for a level of
services commensurate with the needs of the City; and
WHEREAS, the Financing Authority has reviewed said budget and has had several
public meetings to receive public input; and
WHEREAS, the Financing Authority has, after due deliberation and consideration,
made such amendments in the proposed budget as it considers desirable; and
NOW, THEREFORE, BE IT RESOLVED by the La Quinta Financing Authority to
adopt, as follows:
SECTION 1. The Fiscal Year 2000-2001 Budget which is on file with the La Quinta
Financing Authority Secretary, is hereby approved.
SECTION 2. Budget adjustment procedures are approved as follows:
A. Additional appropriations and the transfer of cash or unappropriated
fund balance from one fund to another shall be made only upon
Financing Authority approval.
B. Transfers of budgeted appropriations between divisions or capital
projects shall be made only upon Financing Authority approval.
C. Transfers of budgeted appropriations between accounts within a
division or capital project may be made with the approval of the
Executive Director or his designee.
D. Prior year budget continuing Appropriations and Encumbrances for
unexpended capital project appropriations remaining from
uncompleted prior year capital projects shall be made with Executive
Director approval. These cant' -over appropriations are for prior year
Financing Authority approved capital projects and shall not exceed
the approved project budget.
016
002
SECTION 3. The Executive Director shall render a monthly report to the Financing
Authority on the status of City operations as it relates to the approved budget and any
amendments thereto.
PASSED, APPROVED AND ADOPTED this by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
JOHN J. PENA, Chairman
La Quinta Financing Authority
ATTEST:
JUNE GREEK, City Clerk
City of La Quinta, California
APPROVED AS TO FORM:
KATHY JENSEN, City Attorney
City of La Quinta, California
017