IA SR 20171219 A - Oct 2017 IA Treasurer's ReportIMPROVEMENT AUTHORITY MEETING DATE: 12/19/2017
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action regarding the October 2017 Cash Balances/Monthly
Treasurer's Report
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the October 2017 Cash Balances/Monthly Treasurer's Report.
FISCAL IMPACT: None
Amount Budgeted: N/A
Additional Appropriation: N/A
Account Number(s): N/A
ORIGINATED BY: Jane Lin, Accountant ?(—
REVIEWED BY: Deborah Cullen, Director of Finance
APPROVED BY: Doug Willmore, Chief Administrative Officer
ATTACHED SUPPORTING DOCUMENTS:
A. Monthly Treasurer's Report (page A-1)
BACKGROUND AND DISCUSSION:
The cash balances of the Improvement Authority decreased by $34,571 during the
month, ending with an overall balance of $1,240,852 at October 31, 2017. The
decrease was due to budgeted disbursements to Southern California Edison (SCE) for
utilities and the Alta Mira Canyon project.
1
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
OCTOBER 2017
Total Investment: $ 1,240,852
Total Investment Weighted Average Return 1.2%
Issuer of
Acquisition
Maturity
Market
Book
Current
Investment
Investment
Date
Date
Value
Value
Yield
Checking Accounts
Bank of West
N/A
On Demand
$ (80,210) $
(80,210)
0.00%
Local Agency Investment
0.00
Month -End
PLUS: INTEREST EARNINGS*
2,982.83
5.09
3,560.79
Fund - IA
State of CA
N/A
On Demand
$ 1,319,175 $
1,319,175
1.14%
Local Agency Investment
ADJUSTMENTS
3,565.88
38,136.96
1,240,852.34
0.00
3%
Fund - RDA
State of CA
N/A
On Demand
$ 1,887 $
1,887
1.14%
NOTE (1)
0.00
NOTE (2)
ENDING BALANCE
(80,209.52)
Total Investment: $ 1,240,852
Total Investment Weighted Average Return 1.2%
*All interest (LAIF) is paid quarterly
YTDINTEREST
OPERATING
LAIF-RDA
LAIF-IA
TOTAL CASH
RECEIVED
BEGINNING BALANCE
(42,072.56)
1,882.23
1,315,613.75
1,275,423.42
3,027.04
PLUS: DEPOSITS
DEBIT
CREDIT
CASH
0.00
Month -End
PLUS: INTEREST EARNINGS*
2,982.83
5.09
3,560.79
3,565.88
0%
LESS: CHECKS
(38,136.96)
33,605.56
175,518.44
(38,136.96)
16%
ADJUSTMENTS
3,565.88
38,136.96
1,240,852.34
0.00
3%
PLUS: TRANSFERS IN
0.00
LESS: TRANSFERS OUT
0.00
ENDING BALANCE
(80,209.52)
1,887.32
1,319,174.54
1,240,852.34
3,027.04
*All interest (LAIF) is paid quarterly
Total Investment: 1,240,852.34
NOTE (1): Includes only the portion attributable to the Improvement Authority. Improvement Authority monies are commingled with
Redevelopment Agency monies in this LAIF account.
NOTE (2): LAIF market values will be reported to vary from book value if the Authority calculated share of total LAIF assets is less than the
Authority book value.
To the best of my knowledge, there are no misstatements of material amounts within this report;
or omissions of material amounts to cause the report to be misleading.
I certify that this report accurately reflects all Improvement Authority investments and complies with the investment
policy of the Improvement Authority as approved by the governing board. Furthermore, I certify that sufficient
investment liquidity and anticipated revenues are available to meet the Authority's expenditure requirements for the
next six months.
Respectfully submitted,
Treasurer Dated
MAM
% Change of
Change In
Cash Balance
BALANCE
ENDING
Ending Cash
from Previous
CASH BALANCES BY FUND FORWARD
DEBIT
CREDIT
CASH
Balance
Month -End
IA- ABALONE COVE MAI NT 1,066,882.47
2,982.83
4,531.40
1,065,333.90
(1,548.57)
0%
IA - PORTUGUESE BEND MAINT 208,540.95
583.05
33,605.56
175,518.44
(33,022.51)
16%
1,275,423.42
3,565.88
38,136.96
1,240,852.34
(34,571.08)
3%
Total Investment: 1,240,852.34
NOTE (1): Includes only the portion attributable to the Improvement Authority. Improvement Authority monies are commingled with
Redevelopment Agency monies in this LAIF account.
NOTE (2): LAIF market values will be reported to vary from book value if the Authority calculated share of total LAIF assets is less than the
Authority book value.
To the best of my knowledge, there are no misstatements of material amounts within this report;
or omissions of material amounts to cause the report to be misleading.
I certify that this report accurately reflects all Improvement Authority investments and complies with the investment
policy of the Improvement Authority as approved by the governing board. Furthermore, I certify that sufficient
investment liquidity and anticipated revenues are available to meet the Authority's expenditure requirements for the
next six months.
Respectfully submitted,
Treasurer Dated
MAM