2010 04 20 FA� T
cep ,m��F
S
OF'Ct�'941
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, APRIL 20, 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
APPROVAL OF MINUTES OF MARCH 16, 2010.
Financing Authority Agenda 1 April 20, 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 FEBRUARY 28, 2010.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED FEBRUARY
28, 2010 AND THE INVESTMENT SUMMARY REPORT FOR THE QUARTER
ENDING MARCH 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 May 18, 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 April 20,
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 April 16, 2010.
DAT;ofLa
;Qnta,
, 2010
VERNTECINO, City Clerk
CityCalifornia
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 April 20, 2010
a •�
COUNCIL/RDA MEETING DATE: April 20, 2010 AGENDA CATEGORY:
ITEM TITLE: Receive and File Treasurer's Report BUSINESS SESSION:
as of February 28, 2010 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
ce� 4 Sep aumm
COUNCIL/RDA MEETING DATE: April 20, 2010
ITEM TITLE: Receive and File Revenue and Expenditure
Report for February 28, 2010 and Investment
Summary Report for the Quarter Ending March 31,
2010
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION: v�
CONSENT CALENDAR: o)
STUDY SESSION:
PUBLIC HEARING:
Receive and File the Statement of Revenue and Expenditures for February 28, 2010
and Investment Summary Report for the Quarter ending March 31, 2010 for the La
Quinta Financing Authority.
Respectfully submitted,
M
John M. Falconer. Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1 . Revenue and Expenditures for February 28, 2010
2. Investment Summary Report dated March 31, 2010
ATTACHMENT 1
LA QUINTA FINANCING AUTHORITY
0710112009 - 02/2812010
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
543,190.00
132,090.00
80.440%
Transferin
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%
K
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
ADJUSTED 2/28110 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL- 1996
BOND PRINCIPAL - 2004
BOND INTEREST- 1996
BOND INTEREST - 20D4
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
15,800.00 8.606.78 0.00
400,00000 400,000.00 0.00
1,670,000.00 1.670.000.00 000
275,280.00 143,190.00 0,00
4,243,331.00 2.138.365.63 0.00
0,00 D00 0.00 0,00
0.00 0.00 0,00 0.00
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
El
ATTACHMENT 2
q
/
00
))
7)
-
\}
>
f
7{\
m
/6
E
/\
E
{\!\
2�0
0
r®`!
/\
\j\\
M�
!!
j|g!
\\
\�
/\\.
«�,m
®�(
/ek
/k
\�kk
!/!
;f
-00
|_)
\&
/()?
k�\
k\k
12
0
«
2r�°
f of
/
k j
\
)§)
/
}/\)
(\\
\�
)/
ƒ
{k
§§f(
j)
•
�a3#
)5!
))
#|=k
)ƒ
s