2011 05 17 FAF
U
OF
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, MAY 17, 2011 — 4:00 P.M.
Beginning Resolution No. FA 2011-003
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 APRIL 19. 2011
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, 2011
M .
FINANCING AUTHORITY AGENDA 1 MAY 17, 2011 M 001
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT FOR MARCH 31,
2011
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 21, 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 May 17,
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 May 13, 2011.
DATED/ May 13, 2011
VERONICAONTECINO, City Clerk
City of La rota, 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.
a..a. 002
P
FINANCING AUTHORITY AGENDA 2 - MAY 1,7, 2011
T4hf 4 4 a"
COUNCIL/RDA MEETING DATE: Mav 17, 2011
ITEM TITLE: Receive and File Treasurer's
Report dated March 31, 2011
RECOMMENDATION:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: I
STUDY SESSION:
PUBLIC HEARING:
It is recommended the La Quinta Financing Authority Board:
Receive and File the Treasurer's Report dated March 31, 2011.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
,
003
COUNCIL/RDA MEETING DATE: May 17, 2011
ITEM TITLE: Receive and File Revenue and
Expenditure Report for March 31, 2011
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the March 31, 2011 Statement of Revenue and Expenditures for the La
Quinta Financing Authority.
MFR,0esectfully submitted,
M. Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachment: 1. Revenue and Expenditures Report, March 31, 2011
LA QUINTA FINANCING AUTHORITY
REVENUE DETAIL
A l l AUHIVItN 17
07101/2010 - 03/31/2011
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
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
15,800.00
6,807.00
8,993.00
43.080%
0.00
0.00
0.00
0.000%
672,525.00
552,090.00
120,435.00
82.090%
5,915,131.00
5,915131.26
(0.26)
100.000%
6,603,456.00
6,474,028.26
129,427.74
98.040%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
6,603,456.00 6,474,028.26 129,427.74 98.040%
-« 005
2
LA OUINTA FINANCING AUTHORITY
ADJUSTED
OW31111
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
12.800.00
8,557.00
0.00
4,243.00
BOND PRINCIPAL - 1996
420.00000
420,000.00
0.00
0,00
BOND PRINCIPAL -2004
1740,000.00
1,740,000.00
0.00
0.00
BONDINTEREST-19%
252.525.00
132,090.00
0.00
120,435,00
BOND INTEREST -20U
4,175,131.00
4,175, 131,26
0.00
(0,26)
TRANSFER OUT
- 0.00
0.00
000
000
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
0m
0.00
0.00
000
TRANSFER OUT
0.00
0,00
0.00
000
TOTAL CAPITAL IMPROVEMENT 000
TOTAL FINANCING AUTHORITY
ME
0