2013 03 19 FAFINANCING AUTHORITY AGENDA
CITY HALL COUNCIL CHAMBERS
78 -495 Calle Tampico, La Quinta
REGULAR MEETING on TUESDAY, MARCH 19, 2013 AT 4:00 P.M.
CALL TO ORDER
ROLL CALL: Authority Members Evans, Franklin, Henderson, Osborne, Chair 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 . MINUTES OF FEBRUARY 19, 2013
CONSENT CALENDAR
1. TREASURER'S REPORT DATED JANUARY 31, 2013
2. REVENUE AND EXPENDITURE REPORT DATED JANUARY 31, 2013
BUSINESS SESSION — None
CHAIR AND BOARD MEMBERS' ITEMS — None
PUBLIC HEARINGS — None
ADJOURNMENT
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FINANCING AUTHORITY AGENDA 1 MARCH 19, 2013
The next regular meeting of the Financing Authority will be held on April 16, 2013
at 4:00 p.m. in the City Council Chambers, 78 -495 Calle Tampico, La Quinta, CA
92253.
DECLARATION OF POSTING
I, Susan
Maysels, Authority Secretary of
the
La Quinta Financing Authority, do
hereby declare that the foregoing agenda
for
the La Quinta Financing Authority
meeting
was posted near the entrance to
the
Council Chambers at 78 -495 Calle
Tampico
and on the bulletin boards at the
La
Quinta Cove Post Office at 51 -321
Avenida
Bermudas and at the Stater Brothers
Supermarket 78 -630 Highway 111,
on March 15, 2013.
DATED: March 15, 2013
SUSAN MAYSELS, Authority Secretary
La Quinta Financing Authority
Public Notices
• 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.
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FINANCING AUTHORITY AGENDA 2 MARCH 19, 2013
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AGENDA CATEGORY:
CITY/SA/HA/FBA MEETING DATE: March 19, 2013 BUSINESS SESSION: _
ITEM TITLE: Receive and File Transmittal of Treasurer's CONSENT CALENDAR:
Reports as of January 31, 2013
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDED ACTION
It is recommended the La Quinta Financing Authority:
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
003
FA MEETING DATE: March 19 2013
ITEM TITLE: Receive and File Revenues and
Expenditures Report dated January 31, 2013
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: 2
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDED ACTION
Receive and File
EXECUTIVE SUMMARY:
Monthly and year -to -date revenues and expenditures of the La Quinta Financing
Authority dated January 31, 2013.
FISCAL IMPACT
None.
BACKGROUND /ANAYLSIS
Receive and File Transmittal of the January 31, 2013 Statement of Revenues and
Expenditures for the La Quinta Financing Authority.
ALTERNATIVES:
None.
Respectfully submitted,
Robbeyn rd, Finance Director
Attachment: 1 . Revenues and Expenditures Report for January 31, 2013
004
LA OUINTA FINANCING AUTHORITY 07/01/2012 - 01/31/2013
REVENUE DETAIL ADJUSTED REMAINING X
BUDGET RECEIVED BUDGET RECEIVED
DEBT SERVICE REVENUE:
Contractual Services Fees 5,00000 000 5,00000 0.000%
Non Allocated Interest 0.00 0.00 0.00 0.000%
Rental Income 673,130.00 578,086.25 95,043.75 85.880%
Transfer In 0.00 0.00 0.00 0.000%
TOTAL DEBT SERVICE 678,130.00 578,086.25 100,043.75 85.250%
CAPITAL IMPROVEMENT REVENUE:
Pooled Cash Allocated Interest 0.00 0.00 000 0.000%
Non Allocated Interest 0.00 000 000 0.000%
TOTAL CIP REVENUE 0.00 0.00 0.00 0.000%
TOTAL FINANCING AUTHORITY 678,130.00 578,086.25 100,043.75 85.250%
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LA QUINTA FINANCING AUTHORITY ADJUSTED 1131/2013 REMAINING
EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET
DEBT SERVICE EXPENDITURES
SERVICES 500000 5.40300 0.00 (403.00)
BOND PRINCIPAL -1996 470,000.00 470,000.00 000 0.00
BOND INTEREST -1996 203,130.00 108,088.25 0.00 95,043 .75
TRANSFER OUT 000 0.00 000 0.00
TOTAL DEBT SERVICE 678,130.00 583,489.25 0.00 94,640 .75
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 0.00 0.00 000 0.00
TOTAL FINANCING AUTHORITY 678,13000 583,489.25 0.00 94,640.75
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