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2011 01 18 FA� T �a� •C IIIII QY 1, r V i IKwinn,m�Q. S cFM OF FINANCING AUTHORITY AGENDA CITY COUNCIL CHAMBERS 78-495 Calle Tampico La Quinta, California 92253 Regular Meeting TUESDAY, JANUARY 18. 2011 — 4:00 P.M Beginning Resolution No. FA 2011-001 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 DECEMBER 21, 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 NOVEMBER 30, 2010. Financing Authority Agenda 1 January 18, 2011 2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED NOVEMBER 30, 2010, AND INVESTMENT SUMMARY REPORT FOR QUARTER ENDING DECEMBER 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 February 15, 2011, 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 January 18, 2011, 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 January 14, 2011. DATE January 14, 2011 VERONICA . MONTECINO, 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 January 18, 2011 cei&t 4 4 QU414tru COUNCIL/RDA MEETING DATE: January 18, 2011 AGENDA CATEGORY: ITEM TITLE: Transmittal of Treasurer's Report as of BUSINESS SESSION: November 30, 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 a •� LO 4auIRA F`y OF'cNtiO COUNCIL/RDA MEETING DATE: January 18, 2011 AGENDA CATEGORY: ITEM TITLE: Transmittal of Revenue and Expenditure Report for November 30, 2010 and Investment Summary Report for the Quarter Ending December 31, 2010 RECOMMENDATION: Receive and File. FISCAL IMPLICATIONS: None. CHARTER CITY IMPLICATIONS: None. BACKGROUND AND OVERVIEW: BUSINESS SESSION: CONSENT CALENDAR: p� STUDY SESSION: PUBLIC HEARING: Transmittal of the November 30, 2010 Statement of Revenue and Expenditures and Investment Summary Report for the Quarter Ending December 31, 2010 for the La Quinta Financing Authority. Respectfully submitted, / l John M. Falconer, Finance Director Approved for submission by: Thomas P. Genovese, Executive Director Attachments: 1. Revenue and Expenditure Report, November 30, 2010 2. Investment Summary for the Quarter Ending December 31, 2010 N A I I AGHIVItN I "I LA QUINTA FINANCING AUTHORITY 07/01/2010-11130/2010 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 672,525.00 552,090.00 120,435.00 82.090% Transfer In 5,915,131.00 3,844,965.63 2,070,165.37 65000% TOTAL DEBT SERVICE 6,603,456.00 4,397,055.63 2,206,400.37 66.590% 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 4,397,055.63 2,206,400.37 66 590% 3 LA GUINTA FINANCING AUTHORITY EXPENDITURE SUMMARY ADJUSTED 11130110 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 12,800.00 5,215.73 0.00 7,584.27 420,000,00 420,000.00 0,00 0,00 1,740,000.00 1,740,000. 00 0,00 0.00 252,525.00 132,090,00 0,00 120,435.00 4,175,131,00 2,104,965.63 0,00 2,070.165,37 0.00 0.00 0.00 0.00 TOTAL DEBT SERVICE 0.00 0,00 0.00 0.00 0.00 0.00 D00 000 TOTAL CAPITAL IMPROVEMENT 000 TOTAL FINANCING AUTHORITY 0 ATTACHMENT 2 LL nl O U 0 rn N cc � O � E d J m m r=1 a rn o N U U N 0) N N � 0 « « Q Q C CD U U E E c c N C C > LL LL C Y Y O @ @ m m p R r U n 5