2012 05 15 FAaW
CEO OF TKf 94
FINANCING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico I La Quinta, California
REGULAR MEETING
TUESDAY, MAY 15, 2012 — 4:00 P.M.
Beginning Resolution No. FA 2012 - 001
CALL TO ORDER
Roll Call: .
Authority 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 APRIL 17, 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 MARCH 31, 2012
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MARCH
31, 2012
001
FINANCING AUTHORITY AGENDA 1 MAY 15, 2012
BUSINESS SESSION - NONE
CHAIR AND AUTHORITY MEMBERS' ITEMS - NONE
PUBLIC HEARINGS - NONE
ADJOURNMENT
Y N• M•% Y iF M 1! IF Y Y• 4 1F M iF M iF iF fF M iF N N i M Y 4 M iF N M M N• M iF iF iF
The next regular meeting of the Financing Authority will be held on June 19, 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 Secretary of the La Quinta Financing Authority, 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 May 11, 2012.
DATED: May 10, 2012
.S;41 �
SUSAN MAYSELS, Interim Secretary
La Quinta Financing Authority
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 MAY 15-,'2tl2 002
CITY/SA/HA®MEETING DATE: Mav 15, 2012 AGENDA CATEGORY:
ITEM TITLE: Receive and File Treasurer's Report dated BUSINESS SESSION:
March 31, 2012
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
It is recommended the La Quinta Financing Authority:
Receive and file.
PLESE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
003
CITY/SA/HA F�A MEETING DATE: MaV 15, 2012 AGENDA CATEGORY:
ITEM TITLE: Receive and File Revenue and Expenditure BUSINESS SESSION: _
Report dated March 31, 2012
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
Receive and File the March 31, 2012 Statement of Revenue and Expenditures for the
La Quinta Financing Authority.
spe�ctfuully submitted,
n M. Falconer; Finance Director
Approved for submission by:
Mark Weiss, Interim Executive Director
Attachment: 1. Revenue and Expenditures Report, March 31, 2012
004
A l l AGHIVItN f 7
LA GUINTA FINANCING AUTHORITY
REVENUE DETAIL
C.Vaclual 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
0W0112011 - 03131/2012
ADJUSTED REMAINING
BUDGET RECEIVED BUDGET
RECEIVED
11.600. DO
9,107.29
2.49271
78.510%
0.00
1,338.00
(1,338.00)
0.000%
673,521,00
673,521.25
(0.25)
100.000%
0.00
0.00
0.00
0.000%
885,121.00
683, 966.54
1,154.46
99.830%
0,00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
0.00 0.00 0.00 0.000%
685,121.00 683.988.54 1154.4t 99.830%
`•" 005
E,
LA QUINTA FINANCING AUTHORITY
ADJUSTED
3/3112012
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
DEBT SERVICE EXPENDITURES
SERVICES
11,600.00
7,577.29
0.00
4,022.71
BOND PRINCIPAL - 1996
445,000.00
445,000.00
0.00
0.00
BOND PRINCIPAL - 2004
0.00
0.00
0.00
0.00
BOND PRINCIPAL - 2011
0.00
0.00
0.00
0.00
BOND INTEREST- 1996
228,521.00
120,435.00
0.00
108,086.00
BOND INTEREST - 2004
0.00
0.00
0.00
0.00
BOND INTEREST - 2011
0.00
0.00
0.00
0.00
TRANSFER OUT
2,695,719.00
2,695,719.00
0.00
0.00
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT EXPENDITURES
BOND ISSUANCE COSTS
0.00
0.00
0.00
0.00
TRANSFER OUT
0.00
0.00
0.00
0.00
TOTAL CAPITAL IMPROVEMENT
TOTAL FINANCING AUTHORITY _
006
3