2010 03 16 FA� T
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, MARCH 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 FEBRUARY 16, 2010
Financing Authority Agenda 1 March 16, 2010• 001
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 JANUARY 31, 2010.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED JANUARY
31, 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 April 20, 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 March 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 March 12, 2010.
DATED: March 12, 2010
?City
ONICA J. NTECINO, City Clerk
of La Q nta, 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.
,C 002
Financing Authority Agenda 2 March 16, 2010
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COUNCIL/RDA MEETING DATE: March 16, 2010
ITEM TITLE: Receive and File Treasurer's Report
as of January 31, 2010
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
Is.." 003
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COUNCIL/RDA MEETING DATE: March 16, 2010
ITEM TITLE: Receive and File Revenue and Expenditure
Report for January 31, 2010
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION: CONSENT CALENDAR: JL
STUDY SESSION:
PUBLIC HEARING:
Receive and File the January 31, 2010 Statement of Revenue and Expenditures for
the La Quinta Financing Authority.
Respectfully submitted,
John M. Falconer, Finance Director
Approved for Submission by:
Thomas P. Genovese, Executive Director
Attachment: 1 . Revenue and Expenditures Report, January 31, 2010
1• 004
LA QUINTA FINANCING AUTHORITY 0710112009 - 0113112010
REVENUE DETAIL ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
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
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
2,104,965.37
64.400%
6,603,611.00
4,356,882.41
2,246,728.59
65.980%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
6,603,611.00 4,356,882.41 2,246,728.59 65.980%
005
2
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
ADJUSTED 01131/10 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL- 1996
BOND PRINCIPAL - 2004
BOND INTEREST - 1996
BOND INTEREST - 2004
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
15,80000
8,606.78
0,00
7.193,22
400,000.00
400,000.00
0.00
0.00
1,670,000.00
1,670,000.00
0.00
0.00
275,280.00
143,190.00
0.00
132,090.00
4.243,3311)0
2,138,365.63
0.00
2,104,96537
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE
0.00 0,00 0.00 0,00
0.00 0.00 0.00 0,00
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
"•• 006
3