2010 07 20 FA� T
V S
S
�FM OF
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, JULY 20, 2010 — 4:00 P.M.
Beginning Resolution No. FA 2010-003
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 JULY 6, 2010.
Financing Authority Agenda 1 July 20, 2010
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
RECEIVE AND FILE TREASURER'S REPORT DATED MAY 31, 2010.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED MAY 31,
2010, AND THE INVESTMENT SUMMARY REPORT FOR THE QUARTER
ENDING JUNE 30, 2010.
BUSINESS SESSION — NONE
AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
The next regular meeting of the Financing Authority will be held on September 21,
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 July 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 1 1 1, on July 16, 2010.
DATED: /July 16, 2010
VERONICA J�KAONTECINO, 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 July 20, 2010
ceit y ^l lwQur«rw
COUNCIL/RDA MEETING DATE: July 20, 2010
ITEM TITLE: Receive and File Transmittal of
Treasurer's Report dated May 31, 2010
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
AGENDA CATEGORY:
BUSINESS SESSION: _
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Receive and File the Treasurer's Report dated May 31, 2010.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
a Sep(29&Z
Ahj OF 1'K09
COUNCIL/RDA MEETING DATE: July 20, 2010
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Reports dated May 31, 2010 and
Investment Summary Report for the Quarter Ending
June 30, 2010
RECOMMENDATION:
Receive and File.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Receive and File Transmittal of the May 31, 2010 Statement of Revenue and
Expenditures for the La Quinta Financing Authority and Investment Summary Report
for the Quarter Ending June 30, 2010.
Respectfully submitted,
John M. Falconer, Finance Director
Approved for Submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, May 31, 2010
2. Investment Summary Report for the Quarter Ending June 30,
2010
A I [ACHMENT 1
LA QUINTA FINANCING AUTHORITY 07/0112009 - 05/3112010
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
675,280.00
0.00
100.000%
Transfer In
5,913,331.00
5,913,331.26
(0.26)
100.000%
TOTAL DEBT SERVICE
6,603,611.00
6,593,938.04
9,672.96
99.850%
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 6,593,938.04 9,672.96 99.850%
LA QUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
ADJUSTED 5131110 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
9,393.85
0.00
6,406.15
400,00000
400,000,00
0,00
0.00
1,670,000.00
1,670,000.00
0.00
0.00
275.280.00
275,280.00
0.00
0.00
4.243,337 00
4,243,331.26
0.00
(0.26)
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
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