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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, SEPTEMBER 21, 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
APPROVAL OF MINUTES OF JULY 20, 2010.
Financing Authority Agenda 1 September 21, 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 REPORTS DATED JUNE 30 AND JULY
31, 2010.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORTS DATED JUNE 30
AND JULY 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 October 19,
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 September
21, 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 September 17, 2010.
DA Septembe 17, 20
VERONICA J. ONTECINO, City Clerk
City 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.
Financing Authority Agenda 2 September 21, 2010
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: September 21, 2010 BUSINESS SESSION: _
ITEM TITLE: Receive and File Transmittal of Treasurers CONSENT CALENDAR:
Reports as of June 30, 2010 and July 31, 2010
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
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COUNCIL/RDA MEETING DATE: September 21, 2010
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Report dated June 30, 2010 and July
31, 2010
RECOMMENDATION:
Receive and File
FISCAL IMPLICATIONS:
1►rem
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION: _
CONSENT CALENDAR: 11
STUDY SESSION:
PUBLIC HEARING:
Receive and File Transmittal of the June 30, 2010 and July 31, 2010 Statement of
Revenue and Expenditures for the La Quinta Financing Authority.
Respectfully submit d,
John M. Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report for June 30, 2010
2. Revenue and Expenditures Report for July 31, 2010
2
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
0710112009-0613012010
REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
15,000.00
5,326.78
9,673.22
35.510%
0.00
0.00
0.00
0.000%
675,280.00
675,280.00
0.00
100.000%
5,913,331.00
5,913,331.26
(0.26)
100.000%
6,603,611.00
6,593,938.04
9,672.96
99.850%
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 6,593,938.04 9,672.96 99.850%
3
LA GUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
6130/10 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL -19%
BOND PRINCIPAL - 2004
BOND INTEREST - 1996
BOND INTEREST -2004
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
15,800.00
9,393.85
Dw
6,406,15
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
275,280,00
0,00
0.00
4,243,331.00
4,243,331.26
0.00
(0.26)
0.00
COD
0.00
0.00
TOTAL DEBT SERVICE --- 6BM 4iTLL0—
0.00 0,00 0.00 0.00
000 0.00 0.00 0,00
TOTAL CAPITAL IMPROVEMENT-S(k�
TOTAL FINANCING AUTHORITY�Ci», d11.00--
ri
ATTACHMENT 2
LA QUINTA FINANCING AUTHORITY 07101/2010-07131/2010
REVENUE DETAIL ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
DEBT SERVICE REVENUE:
Contractual Services Fees
15,800.00
0.00
15,800.00
0.000%
Non Allocated Interest
0.00
0.00
0.00
0.000%
Rental Income
672,525.00
0.00
672,525.00
0.000%
Transfer In
5,915,131.00
0.00
5,915,131.00
0.000%
TOTAL DEBT SERVICE
6,603,456.00
0.00
6,603,456.00
0.000%
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 6,603,456.00 0.00 6,603,456.00 0.000%
5
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
ADJUSTED 7131110 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL -19%
BOND PRINCIPAL - 20N
BOND INTEREST - 1996
BOND INTEREST -2004
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
12,800.00
0.00
0.00
12,800.00
420,000,00
0,00
0.00
420,00.00
1,740,000.00
0.00
0,00
1,740,000.00
252,525.00
0,00
0.00
252,52500
4,175,131.00
0.00
0,00
4,175,131,00
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 �,b�075F00
10