2011 09 20 FAc7
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
REGULAR MEETING
TUESDAY, SEPTEMBER 20, 2011 AT 4:00 P.M.
Beginning Resolution No. FA 2011-005
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 MEETING MINUTES OF JULY 19, 2011
001
FINANCING AUTHORITY AGENDA 1 SEPTEMBER 20, 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 REPORTS DATED JUNE 30 AND JULY
31, 201 1
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORTS DATED JUNE
30 AND JULY 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 October 18,
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 September
20, 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 September 16, 2011.
DATED: September 16, 2011
V
VERONICA J ONTECINO, 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.
002
FINANCING AUTHORITY AGENDA 2 SEPTEMBER 20, 2011
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COUNCIURDA MEETING DATE: September 20, 2011
ITEM TITLE: Receive and File Transmittal of Treasurer's
Reports as of June 30, 2011 and July 31, 2011
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
AGENDA CATEGORY:
BUSINESS SESSION: _
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
003
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COUNCIL/RDA MEETING DATE: September 20, 2011
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Report dated June 30, 2011 and July
31, 2011
RECOMMENDATION:
Receive and File
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
IOreMW
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: c2
STUDY SESSION:
PUBLIC HEARING:
Receive and File Transmittal of the June 30, 2011 and July 31, 2011 Statement of
Revenue and Expenditures for the La Quinta Financing Authority.
Respectfully submitted,
/*/� 10-4f��
ohn M. Falconer, Finance Director
Approved for submission by:
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Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report for June 30, 2011
2. Revenue and Expenditures Report for July 31, 2011
004
ATTACHMENT 1
LA DUINTA FINANCING AUTHORITY
0710112010 - 0613012011
REVENUE DETAIL
ADJUSTED
REMAINING
%
BUDGET
RECEIVED
BUDGET
RECEIVED
DEBT SERVICE REVENUE:
15,800,00
6,807.00
8,993.00
43.080%
Contractual Services Fees
0.00
0.00
0.00
0.000%
Non Nlocated Interest
672.525.00
672.525.00
0.00
700.000%
Rental Income
8 609 512 00
8,609,512.26
(0.26)
100.000%
Transfer In
TOTAL DEBT SERVICE
9,291,837.00
9,288,844.26
8,992.74
99.900%
CAPITAL IMPROVEMENT REVENUE:
0.00
0.00
0.00
0.000%
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
TOTAL FINANCING AUTHORITY
9,297,837.00
9,288,844.26
8,992.74
99.900%
005
z
LA OUINTA FINANCING AUTHORITY
ADJUSTED
O0100N1
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
12,800,00
%I9 Sq
ON
3,60531
SERVICES
BOND PRINCIPAL -19%
420,000,00
620,000.00
ON
000
BOND PRINCIPAL - 2004
1,740,000.00
1)10,000.00
ON
ON
0.00
BOND INTEREST -19%
252.52500
252,525.00
0.00
BOND INTEREST -200<
4,115,13100
0,175,131ffi
000
(0201
TRANSFER OUT
OOO
000
0.00
0.00
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
0.00
ON
0.00
000
BOND ISSUANCE COSTS
ON
000
0GO
Dm
TRANSFER OUT
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
-
006
3
A l l AUNIVICIV I L
LA OUINTA FINANCING AUTHORITY
071OV2011 .07*1112011
REVENUE DETAIL
ADJUSTED
REMAINING
%
BUDGET
RECEIVED
BUDGET
RECEIVED
DEBT SERVICE REVENUE:
Contractual Services Fees
11,60D.00
0.00
11.600.00
0.000%
Non Allocated Interest
0.00
0.00
0.00
0.000%
Rental Income
673,621.00
0.00
673,521.00
0.000%
Transfer In
7,479,250.00
0.00
7,479,250.00
O.ODO%
TOTAL DEBT SERVICE
8,164,371.00
0.00
8,164,371.00
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 8.164.371.00 0.00 8,164,371.00 0.000%
007
4
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
ADJUSTED 07MI111 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
BOND PRINCIPAL -1996
BOND PRINCIPAL -2004
BOND PRINCIPAL - 2011
BOND INTEREST - 1996
BOND INTEREST -2004
BOND INTEREST - 2011
TRANSFER OUT
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
TRANSFER OUT
11,800.00
1, 530.00
0.00
10,070.00
445,000,00
Dw
0.00
445,000.00
1,805,000.00
Dw
0.00
1,805,000.00
0.00
0,00
000
0.00
228,521.00
0.00
000
228,521.00
4.099, 719,00
0.00
000
4,099,719.00
1,574,531.00
0.00
0.00
1,574,531,00
0.00
0.00
0,00
000
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
m
5