Loading...
2000 11 21 FA� T U ti 7 4 OF T1$9 Financing Authority Agenda City Council Chamber 78-495 Calle Tampico La Quinta, California 92253 November 21, 2000 3:00 PM CALL TO ORDER Beginning Res. No. FA 2000-03 ROLL CALL: Board Members: Adolph, Henderson, Perkins, Sniff, Chairman Pena PUBLIC COMMENT At this time, members of the public may address the Finance Authority on any matter not listed on the agenda or scheduled for public hearing. Please complete a "request to speak" form and limit your comments to three minutes. For all Public Hearings on the agenda, a completed "request to speak" form must be filed with the City Clerk prior to the Council beginning consideration of that item. Please watch the timing device on the podium. CONFIRMATION OF AGENDA APPROVAL OF MINUTES APPROVAL OF THE MINUTES OF OCTOBER 17, 2000. CONSENT CALENDAR 1. TRANSMITTAL OF TREASURER'S REPORT DATED SEPTEMBER 30, 2000. 2. TRANSMITTAL OF REVENUES AND EXPENDITURE REPORT DATED SEPTEMBER 30, 2000 AND INVESTMENT SUMMARY FOR THE QUARTER ENDING SEPTEMBER 30, 2000. 001 BUSINESS SESSION CONSIDERATION OF THE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2000. A. MINUTE ORDER ACTION DEPARTMENT REPORTS - None CHAIR AND BOARD MEMBERS' ITEMS - None PUBLIC HEARINGS - None ADJOURNMENT -Adjourn to a Regular Meeting of the Financing Authority to be held on December 19, 2000, in the City Council Chambers, 78-495 Calle Tampico, CA 92553. DECLARATION OF POSTING I, June S. Greek, Secretary of the La Quinta Financing Authority, do hereby declare that the foregoing agenda for the La Quinta Financing Authority meeting of November 21, 2000, was posted on the outside entry to the Council Chamber, 78-495 Calle Tampico and on the bulletin board at the La Quinta Chamber of Commerce on Friday, November 17, 2000. Dated: November 17, 22000 June S. Greek, CMC Secretary, La Quinta Financing Authority 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 777-7025, 24-hours in advance of the meeting and accommodations will be made. 2 009 LA QUINTA FINANCING AUTHORITY MINUTES OCTOBER 17, 2000 A meeting of the La Quinta Financing Authority was called to order by Chairman Pena. PRESENT: Board Members Adolph, Henderson, Perkins, Sniff, Chairman Pena ABSENT: None PUBLIC COMMENT - None CONFIRMATION OF AGENDA - Confirmed APPROVAL OF MINUTES MOTION - It was moved by Board Members Sniff/Adolph to approve the Minutes of September 19, 2000, as submitted. Motion carried unanimously. CONSENT CALENDAR - None 1. TRANSMITTAL OF TREASURER'S REPORT DATED AUGUST 31, 2000. 2. TRANSMITTAL OF REVENUES & EXPENDITURES REPORT DATED AUGUST 31, 2000. MOTION - It was moved by Board Members Perkins/Adolph to approve the Consent Calendar as recommended. Motion carried unanimously. BUSINESS SESSION - None DEPARTMENT REPORTS - None CHAIR AND BOARD MEMBERS' ITEMS - None PUBLIC HEARINGS - None ADJOURNMENT 003 Financing Authority Minutes 2 October 17, 2000 There being no further business, it was moved by Board Members Sniff/Adolph to adjourn the meeting. Motion carried unanimously. Respectfully submitted, OS JUNE S. GREEK, Secretary La Quinta Financing Authority 004 T4'yl 4 4 Q" November 21, 2000 COUNCIL/RDA MEETING DATE: ITEM TITLE: Transmittal of Treasurer's Report as of September 30, 2000 RECOMMENDATION: Receive and file. BACKGROUND AND OVERVIEW: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Transmittal of Treasurer's Report dated September 30, 2000 for the La Quinta Financing Authority. FINDINGS AND ALTERNATIVES: I certify that this report accurately reflects all pooled investments and is in compliance with California Government Code Section 53645 as amended 1 /1 /86; and is in conformity with City Code 3.08.010 to 3.08.070 Investment of Money and Funds. I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet next month's estimated expenditures. Resp fully submitted: J hn M. Falco er, Finance Director Approved for submission by: Thomas P. Genovese, City Manager Attachment: Treasurer's Report, La Quinta Financing Authority 005 TA-14 t44Q" MEMORANDUM TO: La Quinta City Council FROM: John M. Falconer, Finance Director/Treasurer SUBJECT: Treasurer's Report for September 30, 2000 DATE: October 25, 2000 Attached is the Treasurer's Report for the month ending September 30, 2000. The report is submitted to the City Council each month after a reconciliation of accounts is accomplished by the Finance Dept. The following table summarizes the changes in investment types for the month: Investment Beginning Purchased Sold/Matured Other Ending Change Cash (1) $275,885 (168,056) 107,829 (168,056) LAW $4,845,922 (200,000) 0 4,645,922 (200,000) US Treasuries (2) $31,452,281 (5,453) 31,446,828 (5,453) US Gov't Agencies (2) $19,030,363 51,720 19,082,083 51,720 Commercial Paper (2) $2,995,465 1,500,000 (3,000,000) (2,463) 1,493,002 (1,502,463) Mutual Funds $6,214,614 125,893 3,281,744 3,058,763 3,155,851 Total $64 814 530 1,625,893 (6,481,744)(124,252) 59,834,427 (4,980, 103 I certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code; and ins in conformity with the City Investment Policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the pools expenditure requirements for the next six months. the City of La Quinta used the Bureau of the Public Debt, U.S. Bank Monthly Statement and the Bank of New York Monthly Custodian Report to determine the fair market value of investments at month end. oo Pate( Footnote (1) The amount reported in the other column represents the net increase (decrease) of deposits and withdrawals from the previous month. (2) The amount reported in the other column represents the amortization of premium/discount for the month on US Treasury, Commercial Paper and Agency investments. 006 003 E E .9 E d d 7 0 W w E S w cc C 01 .� N « d m Ey y E cc; O Itl a c g c �� E d E € y a a.E N no d v _c U s N E 0 E W d N ~ A U d d a) E a CfH o C pC C• C C C C u Z Z Z Z Z Z C) Z c E"l A o � to �r c O c c 8 0. d «o� ado 0 U U a ad ¢ m co U LL O LL v w `p O C d W W —a I C N E E m N pp Ol N N c 3 5 N C c 5 N "l E v 0)) d m o c d c o o c c <`OgE �rnEs 8 Q� dj �o=o mdj c �� �� 1°Xg gy ��.tl 0 0 o 0)EESN•ppyy -0O o0°5 '"n5 W II 0 II' O?�� W Z C L N C /A � (7 m lL N tN0 C to O O ee 0 OLf) N e to, O 1n V n C` oe i[l N M 0) ^ e O 1� o Q Q ¢_ Z O C Z O C) O � E• W0 N N O n N rn� C allo G o O O0• 1 o O O O N O b (00 C e 100 CC o O (V e N (D h I� X W? o co N 06 Z 0 O o 0 O Hl 8 Q a o Q N v E C c t U C O W 2 C v (A O �°2 y d O S y m m EU oOQ= �_ � C ul c.d.•c�LL dLL Z U)O d U d c d o m rB LL •Np C O $ o$ w o « 2 y �� pU d ).0 8 '° C v° i0 Oe- d d ¢ m Y O LL ¢ �e.� N N E m d y tLmEd�lnm c1qU 'o Old Ol 0, 2-1 LLm d d ya 0O N c E «d. o mONVzo66..W c d O a ° a r Z C� c�l LL c MO ° �r�$mrmap�y� a 4)) 2cc c r iA c°cYrmm U_ O 2 N a E '°od uci w a a cam_. m10-5,20 03 m 5 Mn �+ d H T m E8��oc€€o E m0� O ° dZS�LLc2 U ¢ ¢_ Ec� E S ssnlE r a�iw Q'Q t c vi �2C9��LL��� c_ o � J J — eeeeX� R rl�f0 lO NI7N w to 22 C W E yE C a L C c 0 <V aLL� 0'S`°= W W 'AM 0 CD E.E E 007 �®�l W W W F ytl mm r 2 aaa -0G4 �C D : 0 k « 0 : c cu : LL kk § Q / f ) @ ¢ E q \co -5CV) O.0 > � -i ¢k >,E � 2 � � QchUm k @ d o � 22227 2 s ■ 4) / CLzzz W 2 m � © 0 « Q d 2 N z + U0oo6o0RO n § LO 2 q CM IL -401� _ ® ® / 0 0 m a. C § ¢ « � U U) � / % U 2 . k � m m m CL C a E R m f IL \ § ) CD E ■ E m F 0 0> k" E Q U 3 3° k .E � c-- Ek £z0���a�2� 9EE� 2 ® A�00000000 2 kK Q GG 2 c.6(6 R 2zk /E c� �204 o_ 2 q k� CLqƒ co co n� oo �If% �0000000 -$ .00 Ro 0© C 04 ®- C'i to M o o m@ m ° CL ƒ CL 7 a ° e ¢@50 Ea\22 ® //Q� � w � / V � 2 e 3 t (D t' 2 2 CL a. a c �77� In � \ ) §) § § 2 E E 2 2/ o- 000>:k ® « @ » 2 > E .S2Q���aa.:)me k' ƒ k c � 0 0 ■ � E � � � a � N � �m 0 o0-�E 2- � E � _ @ Em 3 E E 2 2 �CD-� §/C2w �..- F£ 0 m b o 2 (LCL-iJ2 r $. 006 NO <C �04 0 ON 1D �O�pM�N O n OfQOpt� to pep �co In _N r m Nco 0 *6co O V a A OC CO0 Cp �+:W co O0000 pN 0M 0)Nrra M M O M ,n ! I- POD ' A ai f-- O tD m Cj 0 O N O O N N V N MN W N in H H 't 0) O N M 0 N NNf0� M t0 m Q �N CON U— N sf O� r - coo � ar. ui of I c N c LLCLLC 'D LL v c L c L - N j O C c 0 L E LL Epp E LL L U O E C C Q C y U c ` N NC lL C1 = N U" Lrn_ LL LL O Q LL N 'J m E c > LL ry L m 7 U- p C tl) r >��>cUc�asaci E °�+a� y <cc°i LL LL U- cc cwEE�m �a 9c v nay; c ayye �UQ<w UO JN U.dOy F O O N ��pp M m GM O) tL M 7 O �tnr NON M O pp Cp7 r N 0 w 40 lC O NNOf pMp� �9O CM)_O) W O H N �2 M < 60 Q0O 0f O Nor CD reA f�0. N 0)O L'I�NOpo CO O O Q) to Np �pp f0 In tp NC f0 h U) p d O atom MONO a) motor H � O O O C, fC� f�0 N 01 P.M C N C r— C N 0 GOo N m 'OpO tO O)N 04 N O Naa M N e+1 COC E o E�rn�^_ v N cOp - O W to N f7 E o Et�mr�o p� j N »OtprW O 010 p z° z 441? U� 00 0) C4 O cc .01 tD O � C a O2 N N O C U n O O t0 C cr N � cc ^" Oce�1ahiNENNEC4Q)aO�a)pp�oOppOf O(D�OqCpCO � a O N V M� 4) � O N0tp0:t0 Nt0 co QW O N 0 N pM v PZ 7 tn0tn�Lo V a0 7if im .NpO Q NV{_131 Q CqOtZ C, M ay y71 oopp pp W W co p� co 6IA 000> 75 Cp00)O75 r- HO M f0 ' N �: P M `y •� 4) E m y E m e H zEE� d �t c— d a E c —Q m m EQ 8 N >p 8LL C+ O(7� af�� �a _ oe►-c9 � U°v»DCOLM — Fciiq»a ` [C 007 Ri e o00o g o g o �n$oo �g„gooe000 goeoo �8 g �00000 � „Q�.Q„Q$�Q�Q$o Ode O`� gg CN OCN �j Y O O O � qv Si Flue '4'ry n�11N�'IVN Q �Ql HHE O g O O O g p o o_nNNp& �b n: g mb'YI No h w'S �g^MN� wok N e "maX.9 .LL S «jmmN mNmN j �?Vi7 V1 yj7yjj? pp 77<7j<�< i Oil nos OQI� 0 1p9� � - t� - N A t- 1W0 C a {R OD W W p�p ONl 9 Ibo W 2 n (O pb9 b f' M (O Q . co ^� O b CIO W M O (7 co - N W M M N h N M V v b N AO� p�C n�nOjN O W M I�Ot� M^ O00 (O N b b N b O to 0 go NM C4 (NM(1)C) NA b .- d M C, M WM(p NO)N �O�(O NN OOO �tpO(O(7 O N 40 N N O N AO a W O(0 MIV: b R (WO ^ N M N R co W ci O b N N N It) M M W N M h W b W W w;LL b V W a N 1 In0 (Om �oNol: 0b0� �m��i0a1 W coo_ co 0 W m �pN8 Vera co pp 0) co b M�(h Q NMN� (O0 co 00 LL 1�0 aMNN' MMWNQW Q Q i.Q fO f��Mp IfIQO W O_ (71 b0 N e- m b W A ^CL N IA MAN O P- Ohm Q h O W O O �a� co(O W lM W N W a (+f �} V V a a p LL *-(q b NNNC4O N m ") Q Q b N N "0 N§ (�+l MIA 00 w h1)CO COb (np N_O_Mn MIn � b w W A (O O /Q0 W �O N -b O Q O) Cl n bco cs N 010 N n (V U. w N�N cwq-q N wa p1 Q r (O at N M b Off/ N +O+ON Aga MM W Nb �n�OW NOn W rz b ri CI M co O OWl M �p co (p $ IIYCO 00 - NQR O10 {a+� O O W O m +OLit N M (MO co M .- r- Q (O M w ci IL OV W pOMV(O n (00W (A b I!I N Q O W 1 p Ol 0 Go v Cl O�On(Np U) N N (O b q pip N Wto IfNf QOM n� (OnMQ(� Q hQ1n ON 10 M b Vl C E t O YI > C FL- C a a • N 10 w A U~ C m C C c mQ mCIL W x 10 y m x rE C t� � mLLEr,o3d d 0 n c d U c C m yl V CLFCdL> �L d w m U0 ArCWNO.~Um Z W_C Z d co O (NV 0; CD NY N W co O N O) � N In U1 co O n Q (O co C N N CO Ln IA N co O N N D7 CD O In M 01 -009 CRY OF LA QUINTA BALANCE SHEET 0=0/00 ASSETS: CITY CITY RDA RDA FA FIXED LONG TERM FIXED LONG TERM FINANCING LONG TERM GRAND CITY ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL POOLED CASH (7,786,237.89) 11,510,733.56 (808.54) 3,723,687.13 LORP INVESTMENT IN POOLED CASH S05,000.00 gp5 000 00 INVESTMENT T BILL/NOTES & OTHER 43,490,000.00 43,460,000.00 AUTO MALL CASH 2O2,851.75 202,651.75 LQRP CASH 21,221.26 21,221.26 BOND REDEMPTION CASH 51,591.99 28.73 51,620.72 BOND RESERVE CASH BOND PROJECT CASH 11,399,251.24 607,882.28 12,007,133.52 BOND ESCROW CASH PETTY CASH 1,0D0.D0 1,000.00 CASH & INVESTMENT TOTAL 35,897,613.86 23,787,798.05 607,102.47 60,292,514.38 INVESTMENT IN LAND HELD FOR RESALE ACCOUNTS RECEIVABLE PREMIUM/DISCOUNT ON INVESTMENT LQRP-ACCOUNTS RECEIVABLE INTEREST RECEIVABLE LOAN/NOTES RECEIVABLE DUE FROM OTHER AGENCIES DUE FROM OTHER AGENCIES - CVAG CVAG ALLOWANCE DUE FROM OTHER GOVERNMENTS DUE FROM OTHER FUNDS DUE FROM RDA INTEREST ADVANCE -DUE FROM RDA ADVANCES TO OTHER FUNDS NSF CHECKS RECEIVABLE ACCRUED REVENUE TRAVELADVANCES EMPLOYEE ADVANCES PREPAID EXPENSES (900.00) (900.00) RECEIVABLE TOTAL 11,121,098.41 3,342,567.85 8,006,865.20 22,470,531.46 47,614.89 60,900.00 (437,119.24) (17,833.07) 68,406.88 2,678,631.60 651,913.19 (651,913.19) 898,196.60 551,629.04 8,497,550.20 2,109,833.10 2,430.86 833.40 3,492.00 8,010,000.00 (3,134.80) 8,118,514.89 (458,087.11) 68,406.88 2,678,631.60 651,913.19 (651,913.19) 1,449,825.64 8,497,5W.20 2,109,833.10 2,430.86 833.40 3,492.D0 WORKER COMPENSATION DEPOSIT 37,637.00 37.637.00 RENT DEPOSITS UTILITY DEPOSITS 75.00 75.00 MISC. DEPOSITS 2,100.00 2,100.00 DEPOSITS TOTAL 39,812.00 39.812.00 GENERAL FIXED ASSETS 1,386,331.67 15,590,699.00 9,988,279.05 26,965,309.72 ACCUMULATED DEPRECIATION (812,743.27) (812,743.27) AMOUNT AVAILABLE TO RETIRE L/T DEBT 3,395,117.03 3,395,117.03 AMOUNT TO BE PROVIDED FOR L/T DEBT 1,645,647.34 94 789 594.32 8,010,000.00 104,445,241.66 TOTAL OTHER ASSETS 573,588.40 15,590,699.00 1,645,647.34 9,988,279.05 98,184,711.35 8,010,000.00 133.992.925.14 TOTAL ASSETS 47.632.112.67 15.590.699.00 1.645.647.34 27,130,365.90 9,988 279 05 98,184,711.35 8,613,967.67 8,010,000.00 216 795 782 98 LIABILITIES: ACCOUNTS PAYABLE 7,660.84 7,660.84 DUE TO OTHER AGENCIES 122,853.72 122,853.72 DUE TO OTHER FUNDS ' 113,270.41 1,327,250.23 9,305.00 1,449,825.64 INTEREST ADVANCE -DUE TO CITY ACCRUED EXPENSES PAYROLL LIABILITIES 39,472.60 39,472.60 STRONG MOTION INSTRUMENTS 4,528.96 4,528.96 FRINGE TOED LIZARD FEES 29,661.50 29,661.50 SUSPENSE 3,308.52 3,308.52 DUE TO THE CITY OF LA QUINTA PAYABLES TOTAL 320,756.55 1,327,250.23 9.305.00 1,657,311.78 ENGINEERING TRUST DEPOSITS SO. COAST AIR QUALITY DEPOSITS ARTS IN PUBLIC PLACES DEPOSITS 373,356.05 373,356.05 LORP DEPOSITS 14,934.00 14,934.00 DEVELOPER DEPOSITS 1,072,179.36 1,072,179,36 MISC. DEPOSITS 428,165.96 428,165.96 AGENCY FUND DEPOSITS 1,321,464.56 1,321,464.56 TOTAL DEPOSITS 3,195,165.93 14,934.00 3,210,099.93 DEFERRED REVENUE 8,270.67 8,010,000.00 8,018,270.67 OTHER LIABILITIES TOTAL 8,270.67 8,010,000.00 8,018,270.67 COMPENSATED ABSENCES PAYABLE 321,991.94 321,991.94 DUE TO THE CITY OF LA QUINTA 1,323,655.40 10,607,387.10 11,931,042.50 DUE TO COUNTY OF RIVERSIDE 12,249,102.00 12,249,102.00 DUE TO C.V. UNIFIED SCHOOL DIST. 9,418,222.25 9,418,222.25 DUE TO DESERT SANDS SCHOOL DIST. BONDS PAYABLE 65,910,000.00 8,010,000.00 73,920,000.W TOTAL LONG TERM DEBT 1,645,647.34 98,184,711.35 8,010,0D0,00 107,940,358.69 TOTAL LIABILITIES 3,524,193.15 1,645,647.34 1,342,194.23 98,184,711.35 8,019,305.00 8,010,000.00 120,726,041.07 EQUITY -FUND BALANCE 44,107,919.52 15,590,699.00 25,788,181.67 9,988,279.05 594,662.67 96,069,741.91 TOTAL LIABILITY & EQUITY 47,632,112.67 15,590,699.00 1,645,647.34 27.130.365 90 9,988 279 05 98,184,711.35 8,613,967.67 8,010,000.00 216,795,782.98 CASH & INVESTMENT TOTAL 60,292,514.39 PREMIUMIDISCOUNT ON INVESTMENT (458,087,11) TOTAL 59,834,427.27 T4t!t 4 4Q" AGENDA CATEGORY: BUSINESS SESSION: COUNCIL/RDA MEETING DATE: November 21, 2000 CONSENT CALENDAR: CIL ITEM TITLE: STUDY SESSION: Transmittal of Revenue and Expenditure Report and PUBLIC HEARING: Investment Summary Report for the Quarter Ending September 30, 2000 RECOMMENDATION: Receive and File BACKGROUND AND OVERVIEW: Transmittal of the September 30, 2000 Statement of Revenue and Expenditures and Investment Summary for the La Quinta Financing Authority. spe ully submitted: hn M. Falconer,' inance Director Approved for Submission by: Thomas P. Genovese City Manager Attachments: 1. Revenue and Expenditures and Investment Summary Report, September 30, 2000 014 LA QUINTA FINANCING AUTHORITY REVENUE DETAIL DEBT SERVICE REVENUE: Contractual 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 REMAINING % BUDGET RECEIVED BUDGET RECEIVED 9,175.00 0.00 9,175.00 0.0% 0.00 (3.42) 3.42 0.0% 678,955.00 472,272.50 206,682.50 69.6% 0.00 0.00 0.00 0.0% 688,130.00 472,269.08 215,860.92 68.6% 0.00 0.02 1(0.02) 0.0% 0.00 17,058.86 (17,058.86) 0.0% 0.00 17,058.88 (17,058.88) 0.0% TOTAL FINANCING AUTHORITY 688,130.00 489,327.96 198,802.04 71.1% 0i5 003 LA QUINTA FINANCING AUTHORITY EXPENDITURE SUMMARY DEBT SERVICE EXPENDITURES SERVICES BOND PRINCIPAL BONDINTEREST TRANSFER OUT TOTAL DEBT SERVICE CAPITAL IMPROVEMENT EXPENDITURES TRANSFER OUT TOTAL CAPITAL IMPROVEMENT TOTAL FINANCING AUTHORITY 07/01/2000 - 9/30/2000 REMAINING % BUDGET=XPENDITURES ENCUMBERED BUDGET EXPENDED 9,175.00 0.00 0.00 9,175.00 0.0% 260,000.00 260,000.00 0.00 0.00 100.0% 418,955.00 212,272.50 0.00 206,682.50 50.7% 0.00 0.00 0.00 0.00 0.0% 688,130.00 472,272.60 0.00 215,857.50 68.6% 517,732.00 0.00 0.00 517,732.00 0.0% 517,732.00 0.00 0.00 517,732.00 0.0% 1,205,862.00 472,272.50 0.00 733,589.50 39.16% 0110, 004 City of La Quinta Quarterly Investment Summary - Footnote 1 September 30, 2000 uer of Investment Treasury Treasury Treasury Treasury Treasury Treasury Treasury tral National Mtg Assn tral National Mtg Assn rral Home Loan Bank Agency Investment Fund Investment Treasury Note Treasury Note Treasury Note Treasury Note Treasury Note Treasury Note Treasury Note Note Discount Note Note Commercial Paper State Pool Less % Attributable to RDA Less % Attributable to Financing Authority Total City Pooled Investments Maturity Date Par Value Market Value Amortized Cost 31-May-01 4,000,000 4.003,750 4,020,553 1 30-Nov-01 4,000.000 3,957,609 3,988,813 31-Mar-02 1.980,000 1,994,231 1,987.910 30-Nov-01 3,500,000 3.509.578 3,464.778 30-Jun-01 2,500,000 2,489,063 2,487,145 31-Jan-02 4,000,000 4,008,750 ' r 3.992,219 31-Oct-01 4.000,000 3.998.750 4,016,975 16-Mar-01 5,000,000 4,999,850 4,999,067 18-Jun-01 5.000,000 4,771,000 4,766,188 15-Aug-01 3,000.000 2,984,063 2,980,656 26-Oct-00 1,500,000 1,491,168 I 1,493,002 Next y NextDa 3,475,403 3,475,403 3,475,403 $47,6882= $48,125,921 $47,648,773 L ,80 Footnote 1 - The Quarterly Investment Report does not include the City of La Quinta checking account, sweep account, Housing Program account or petty cash account (12,909,359) 238 _ $ 779 882 017 005 City of La Quinta Quarterly Investment Summary September 30, 2000 Redevelopment Agency U.S. Treasury U.S. Treasury U.S. Treasury U.S. Bank - 1994 Dbt Svc U.S. Bank - 1995 CIP U.S. Bank - 1995 Dbt Svc U.S. Bank - 1998 RDA 1 Dbt Svc U.S. Bank - 1998 RDA 2 Dbt Svc U.S Bank - 1998 RDA 1 CIP U.S Bank - 1998 RDA 2 Treasury Note Treasury Note Treasury Note Money Market Mutual Fund Money Market Mutual Fund Money Market Mutual Fund Money Market Mutual Fund Money Market Mutual Fund Money Market Mutual Fund Money Market Mutual Fund Plus % Attributable to RDA from City Pooled Investments Total RDA Investments Footnote 1 - The Quarterly Investment Report does not include the City of La Quinta checking account, sweep account , Housing Program account or petty cash account Maturity Date Par Value Market Value Amortized Cost 30-Nov-00 3,000,000 2,990,640 2,962.273 30-Sep-00 4,000.000 4.000,000 3,970,469 31-Jan-00 1,50Q000 1,490,160 1.480,812 Next Day 1,410 1,410 1.410 Next Day 30,302 30,302 30,302 Next Day 1,187 1,187 1,187 Next Day 48,750 48,750 48,750 Next Day 246 246 246 Next Day 2,295,455 2,295,455 ! 2,295,455 Next Day 642,108 642,108 $11.50Q258- 642,108 j $11,433,012 $11,519,458 12,909,359 $24,342,371 018 006 City of La Quinta Quarterly Investment Summary - Footnote 1 September 30, 2000 Financing Authority Maturity Issuer of Investment Investment Type Date Par Value Market Value U.S. Bank Money Market Mutual Fund Next Day 111,144 111.144 U.S. Bank Money Market Mutual Fund Next Day 29 29 U.S. Bank Treasury Note 31-Jan-01 500,000 496,720 Subtotal $500,029 $496.749 ,r Plus % Attributable to Financing Authority from City Pooled Investments Total Footnote 1 - The Quarterly Investment Report does not include the City of La Quinta checking account, sweep account, Housing Program account or petty cash account Amortized Cost 111,144 29 493,603 1 $493,632 (238) $493,394 019 C617 Tity,' 4 4 Q" COUNCIL/RDA MEETING DATE: November 21, 2000 ITEM TITLE: Consideration of the Comprehensive Annual Financial Report for the year ended June 30, 2000 RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Approve, receive and file the Comprehensive Annual Financial Report for the year ended June 30, 2000 (Attachment 1). See City Council Staff Report Ow0