2010 06 15 HAF
S
CFI OF
�ti
HOUSING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, JUNE 15, 2010 — 4:00 P.M.
Beginning Resolution No. HA 2010-001
CALL TO ORDER
Roll Call:
Board Members: Adolph, Franklin, Henderson, Sniff, and Chairperson Evans
PUBLIC COMMENT
At this time members of the public may address the Housing 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 MAY 18, 2010.
2. APPROVAL OF SPECIAL MEETING MINUTES OF JUNE 3, 2010.
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1 . APPROVAL OF DEMAND REGISTER DATED JUNE 15, 2010.
Housing Authority Agenda 1 June 15, 2010
V 5
9
OF'Tt�'90
HOUSING AUTHORITY MEETING DATE: June 15, 2010
ITEM TITLE: Demand Register Dated
June 15, 2010
RECOMMENDATION:
It is recommended the Housing Authority Board:
Receive and File the Demand Register Dated
June 15, 2010 of which $250.00
represents Housing Authority Expenditures.
AGENDA CATEGORY:
BUSINESS SESSION
CONSENT CALENDAR
STUDY SESSION
PUBLIC HEARING
PLEASE SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA
a •�
�44V QuiAm
CEAf OF'C�;e'er
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: June 15, 2010 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of CONSENT CALENDAR: 4z`
Treasurer's Report as of April 30, 2010
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
It is recommended the La Quinta Housing Authority Board:
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
4-V Qa&rC4(j
yOF lT'
COUNCIL/RDA MEETING DATE: June 15, 2010
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Report for April 30, 2010
RECOMMENDATION:
Receive and File.
KGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION: _
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Receive and File Transmittal of the Statement of Revenue and Expenditures for
April 30, 2010 La Quinta Housing Authority.
Respectfully submitted,
John M. Falconer, Finance Director
Approved for Submission by:
Thomas P. Genovese, Executive Director
Attachment: 1 . Revenue and Expenditures Report, April 30, 2010
A l l AUNIVIUM 1 I
07101/2009 - 04130/2010
LA QUINTA HOUSING AUTHORITY ADJUSTED
REVENUE SUMMARY BUDGET RECEIVED
PROJECT AREA NO 1 HOUSING AUTHORITY 0.00 0.00
PROJECT AREA NO 2 HOUSING AUTHORITY 0.00 0.00
REMAINING %
BUDGET RECEIVED
0.00 0.000%
0.00 0.000%
TOTAL LA QUINTA HOUSING AUTHORITY 0.00 0.00 0.00 0.000%
LA OUINTA HOUSING AUTHORITY
EXPENDITURE SUMMARY
ADJUSTED 4130110 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
PROJECT AREA NO 1 HOUSING AUTHORITY
INTEREST ADVANCE 0.00 0.86
SERVICES 25.75000 1.162.31 24,587.69
TOTAL PROJECT AREA NO I HOU5INO AUTHORITY
PROJECT AREA NO 2 HOUSING AUTHORITY
INTEREST ADVANCE 0.00 0.82
SERVICES 25750.00 1,12500 24,625.00
TOTAL PROJECT AREA NO 2 HOUSING AUTHORITY-Z5�75D.UD-
TOTAL HOUSING AUTHORITY
CF`N OF TKE��
COUNCIL/RDA MEETING DATE: June 15, 2010 AGENDA CATEGORY:
BUSINESS SESSION:
ITEM TITLE: Adoption of a Resolution Adopting the
Investment Policy of the City of La Quinta for Fiscal CONSENT CALENDAR:
Year 2010-201 1 STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Adopt a Resolution of the City Council approving the Investment Policy for the La
Quinta Housing Authority for Fiscal Year 2010-201 1 .
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
Resolution No. 2010-
Investmeut Policy
Adopted: June 15, 2010
Page 10 of 11
RESOLUTION NO. HA 2010-
A RESOLUTION OF THE LA QUINTA HOUSING
AUTHORITY OF THE CITY OF LA QUINTA APPROVING
AND ADOPTING THE AMENDED INVESTMENT POLICY
FOR FISCAL YEAR 2010-2011
WHEREAS, the general purpose of the Investment Policy is to provide the rules
and standards users must follow in investing funds of the City of La Quinta; and
WHEREAS, the primary objectives, in order of priority, of the City of La Quinta's
investment activity shall be:
Safety of principal is the foremost objective of the investment program.
Investments of the City of La Quinta shall be undertaken in a manner that seeks
to ensure the preservation of capital in the overall portfolio.
The investment portfolio shall remain sufficiently liquid to meet all operating
requirements that may be reasonably anticipated.
The investment portfolio shall be designed with the objective of attaining a
market rate of return or yield throughout budgetary and economic cycles, taking
into account the investment risk constraints and liquidity needs.
WHEREAS, authority to manage the City of La Quinta's investment portfolio is
derived from the City Ordinance. Management responsibility for the investment
program is delegated to the City Treasurer, who shall establish and implement written
procedures for the operation of the City's investment program consistent with the
Investment Policy for Fiscal Year 2010-2011; and
WHEREAS, the Investment Policy will be adopted before the end of June of
each year and amended as considered necessary; and
NOW, THEREFORE, BE IT RESOLVED by the Housing Authority of the City of La
Quinta to adopt the Fiscal Year Investment Policy (Exhibit A).
Resolution No. 2010-
Investment Policy
Adopted: June 15, 2010
Page 1101711
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
Financing Authority, held on this day of _ 2010 by
the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
LINDA EVANS, Chair
La Quinta Housing Authority
ATTEST:
VERONICA J. MONTECINO, CMC, Secretary
La Quinta Housing Authority
(SEAL)
APPROVED AS TO FORM:
M. KATHERINE JENSON, Authority Counsel
La Quinta Housing Authority