2012 01 17 FALa.
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
REGULAR MEETING
TUESDAY, JANUARY 17, 2012 AT 4:00 P.M.
Beginning Resolution No. FA 2011-001
CALL TO ORDER
Roll Call:
Board Members: Evans, Franklin, Henderson, Osborne 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 DECEMBER 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 REPORT DATED NOVEMBER 30, 2011
".N 001
FINANCING AUTHORITY AGENDA 1 JANUARY 17, 2012
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
NOVEMBER 30, 2011 AND INVESTMENT SUMMARY REPORT FOR THE
QUARTER ENDING DECEMBER 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 February 21,
2012 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 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 January
13, 2012.
DATED:,. January 13, 2012
City of La @uinta, 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 JANUARY 17, 2012
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COUNCIURDA MEETING DATE: January 17, 2011 AGENDA CATEGORY:
BUSINESS SESSION:
ITEM TITLE: Receive and File Treasurer's Report as of
November 30, 2011 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
00
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COUNCIL/RDA MEETING DATE: January 17, 2012 AGENDA CATEGORY:
ITEM TITLE: Receive and File Revenue and Expenditure BUSINESS SESSION:—
Reports for November 30, 2011 and Investment CONSENT CALENDAR:
Summary Report for the Quarter Ending December 31, STUDY SESSION:
2011 —
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
IkgSIM
BACKGROUND AND OVERVIEW:
Transmittal of the November 30, 2011 Statement of Revenue and Expenditures and
Investment Summary Report for the Quarter Ending December 31, 2011 for the La
Quinta Financing Authority.
Respectfully submitted,
John M. Falconer, Finance Director
" 004
Approved for submission by:
Mark Weiss, Executive Director
Attachments: 1. Revenue and Expenditure Report, November 30, 2011
2. Investment Summary for the Quarter Ending December 31,
2011
005
2
A 1. 1 AIaIMtIN 1
1
LA OUINTA FINANCING AUTHORITY
07MI/ID11-11/30/2011
-
REVENUE DETAIL
ADJUSTED
REMAINING
W.
-
BUDGET
RECEIVED
BUDGET.
.-RECEIVED
DEBT SERVICE REVENUE:
-
-
ContractualServicesFees
116W.00
0.00
11,600.00
0.000% - -
Non Allocated Interest
0.00
549.00
(549 00)
0.000%,
Rental Income
673,521.00
565,435.00
108,086.00
83.950%
Transferin
7,479,25000
4,363813,27
3115436,73
58.350%
TOTAL DEBT SERVICE
8,164,371.00
4,929,797,27
3,234,57373
60.380%
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
60.380%
4,929,797.27
3,234573,73
p� 006,
3
LA QUINTA FINANCING AUTHORITY ADJUSTED 11130111- REMAINING
EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET
SERVICES
11,600.00
5,727.29
0.00
5,872,71
BOND PRINCIPAL -19%
445,IXXW
445,00000
0.00
000
BOND PRINCIPAL - 2004
1,805,000,00
1,805,000.00
0.00
0.00
BOND PRINCIPAL - 2011
0.00
0.00
0.00
0.00
BOND INTEREST -19%
228,521.00
120,435.00
0,00
108,086.00
BOND INTEREST-2004
4,099,719.00
2,07016563
0.00
2,029,553.37
BOND INTEREST - 2011
1,574,531.00
488,647.64
0.00
1,085,883.36
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
000
0.00
0.00
0,00
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY B, 164,371.00 4,934,975.56 0.00 3,229,395,44
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