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2010 05 18 FAV S c�M OF FINANCING AUTHORITY AGENDA CITY COUNCIL CHAMBERS 78-495 Calle Tampico La Quinta, California 92253 Regular Meeting TUESDAY, MAY 18, 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 APRIL 20, 2010. A 001 Financing Authority Agenda 1 May 18, 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 MARCH 31, 2010. 2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED 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 June 3, 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 May 18, 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 May 14, 2010. DATED:/ May 14, 2010 VERONICA J.00NTECINO, 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 May 18, 2010,• 002 T4bf 4 4 a" COUNCIL/RDA MEETING DATE: May 18, 2010 ITEM TITLE: Receive and File Transmittal of Treasurer's Report as of March 31, 2010 RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: _ CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: It is recommended the La Quinta Financing Authority Board: Receive and File the Treasurer's Report as of March 31, 2010. PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA 003 Tww 44Q..ua COUNCIL/RDA MEETING DATE: May 18, 2010 ITEM TITLE: Receive and File Transmittal of Revenue and Expenditure Report for March 31, 2010 RECOMMENDATION: Receive and File BACKGROUND AND OVERVIEW: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: C;L- STUDY SESSION: PUBLIC HEARING: Transmittal of the March 31, 2010 Statement of Revenue and Expenditures for the La Quinta Financing Authority. Respectfully submitted, A;gm �i John M. Falconer, Finance Director Approved for submission by: Thomas P. Genovese, Executive Director Attachment: 1 . Revenue and Expenditures Report, March 31, 2010 . 004 ATTACHMENT 1 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 TOTAL FINANCING AUTHORITY 07/01/2009-0313112010 ADJUSTED BUDGET RECEIVED REMAINING % 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 5,913,331.26 (0.26) 100 000°/ 6,603,611.00 6,461,848.04 141,762.96 97.850% 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 6,461,848.04 141,762.96 97850% N:" 005 2 LA OUINTA FINANCING AUTHORITY EXPENDITURE SUMMARY DEBT SERVICE EXPENDITURES SERVICES BOND PRINCIPAL -1998 BOND PRINCIPAL - 2004 BOND INTEREST- 1996 BOND INTEREST - 2004 TRANSFER OUT CAPITAL IMPROVEMENT EXPENDITURES BOND ISSUANCE COSTS TRANSFER OUT ADJUSTED 3131110 REMAINING BUDGET EXPENDITURES ENCUMBERED BUDGET 15.800.00 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.OD 275.280.00 143,190,00 0.00 132,090.00 4,243,331.00 4,243,331.26 000 (0.26) 0.00 0.00 0.00 0.00 TOTAL DEBT 5ERVICE 0.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 TOTAL CAPITAL IMPROVEMENT 0.00 ODO 0,00 0.00 TOTAL FINANCING AUTHORITY W.. 006 3