2012 04 17 FA5�
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FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico I La Quinta, California
REGULAR MEETING
TUESDAY, APRIL 17, 2012 AT 4:00 P.M.
Beginning Resolution No. FA 2012-001
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
APPROVAL OF MEETING MINUTES OF MARCH 20, 2012
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
1. RECEIVE AND FILE TREASURER'S REPORT DATED FEBRUARY 29, 2012
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
FEBRUARY 29, 2012, AND INVESTMENT SUMMARY REPORT FOR THE
QUARTER ENDING MARCH 31, 2012 is 001
FINANCING AUTHORITY AGENDA 1 APRIL 17, 2012
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 May 15, 2012
at 4:00 p.m. in the City Council Chambers, 78-495 Calle Tampico, La Quinta, CA
92253.
DECLARATION OF POSTING
I, Susan Maysels, Interim 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 111, on
April 13, 2012.
DATED: April 13, 2012
SUSAN MAYSELS, Interim City Clerk
City of La Quinta, California
Public Notice
• The La Quinta City Council Chamber is handicapped accessible. If special equipment is
needed for the hearing impaired, please call the City Clerk's Office at 777-7103, twenty-
four (24) hours in advance of the meeting and accommodations will be made.
• If special electronic equipment is needed to make presentations to the Financing Authority,
arrangement should be made in advance by contacting the City Clerk's Office at 777-7103.
A one (1) week notice is required.
• If background material is to be presented to the Financing Authority during a meeting, please
be advised that eight (8) copies of all documents, exhibits, etc., must be supplied to the City
Clerk for distribution. It is requested that this take place prior to the beginning of the
meeting.
• 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.
v
FINANCING AUTHORITY AGENDA 2 APRIL 17, 2012 002
GGL=1LAW a MEETING DATE: April 1 7,2012
ITEM TITLE: Receive and File Treasurers Report
dated February 29, 2012
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: I FA
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
y 003
`&� 4 aCP QumAcu
C;9UNG1WfflM MEETING DATE: April 17,2012
ITEM TITLE: Receive and File Revenue and Expenditure
Report for February 29, 2012 and Investment
Summary Report for the Quarter Ending March 31,
2012
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: 2" FA
STUDY SESSION:
PUBLIC HEARING:
Receive and File the Statement of Revenue and Expenditures for February 29, 2012
and Investment Summary Report for the Quarter ending March 31, 2012 for the La
Quinta Financing Authority.
Respectfully submitted,
l
John M. Falco r, Finance Director
to 004
Approved for submission by:
V\4 ,l-
- '\
Mark Weiss, Interim Executive Director
Attachments: 1. Revenue and Expenditures for February 29, 2012
2. Investment Summary Report dated March 31, 2012
Is 005
2
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LA DUINTA FINANCING AUTHORITY
REVENUE DETAIL
DEBT SERVICE REVENUE:
ContrecWal Services Fees
Non Allocated Interest
Rental Income
Transfer In
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest
Non Allocated Interest
TOTAL GIP REVENUE
TOTAL FINANCING AUTHORITY
07/0112011 .0212912013
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
11,600.00
9A07.29
2,49271
78,510%
0.00
1,138.00
(1,138.00)
0.000%
673,521.00
565,435.00
108.086.00
83.9W %
4,363,813.00
4363813.27
(0,27)
100.000%
5,048,934.00
4,939,493.56
109,440.44
97.830%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0,00 0,000%
5,048,934,00 4,939,493.56 109,440.44 97,830%
..� . 006
3
LA OUINTA FINANCING AUTHORITY
EXPENDITURE SUMMARY
ADJUSTED 02129112 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
11,600.00
➢,57T29
000
4,022,71
BOND PRINCIPAL -19%
445,00000
445,00000
0.00
0.00
BOND PRINCIPAL -2004
180500000
180500000
0,00
0.00
BOND PRINCIPAL - 2011
0.00
0.00
0.00
000
BOND INTEREST -19%
228,52100
120,43500
0.00
106,08600
BOND INTEREST - 2004
2,070, 16800
2,070,165.63
0,00
0,37
BOND I NTEREST - 2011
488,64800
488,64]64
0.00
0,36
TRANSFER OUT
000
000
0.00
0.00
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS 000 000 0.00 0.00
TRANSFER OUT 0.00 000 0.00 000
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY
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