IA SR 20220118 F - IA November Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 01/18/2022
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the November 2021 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the November 2021 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, Senior Accountant
REVIEWED BY: Trang Nguyen, Director of Finance
APPROVED BY: Ara Mihranian, AICP, 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 $3,778 during the month,
ending with an overall balance of $1,148,270 on November 30, 2021. The decrease was
due to the operating expenses, which included disbursements to Southern California
Edison (SCE) for the utility bills.
1
Investment
Local Agency Investment
Fund -IA
Local Agency Investment
Fund· RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
NOVEMBER 2021
Issuer of
Investment
Acqu isition
Da te
Matu rity Market
Date Va lue
State of CA
State of CA
NIA
NIA
On Demand $ 1,167,695
On Demand $ 2,009
NOTE (2)
Sub -Total Investment:
Book Current
Value Yield
$ 1,167,695 0.20%
$ 2,009 0.20%
$ 1,169,704
YTD Transfers to City's Operating Account (BOW) NIA NIA $ (21 ,434)
BEGINNING BALANCE
YTD TRANSFERS TO BOW
PLUS: DEPOSITS
PLUS: INTEREST EARNINGS*
LESS: CURRENT CHECKS
ADJUSTMENTS
PLUS:TRANSFERSIN
LESS: TRANSFERS OUT
ENDING BALANCE
*All interest (LAIF) is paid quarterly.
CASH BALANCES BY FUND
IA -ABALONE COVE MAINT
IA -PORTUGUESE BEND MAINT
OPERATING
EXPENSES/
NOTE (3)
(17,656.27)
(3,778.00)
(21 , 434 .27)
BALANCE
FORWARD
1,097,362.22
54 ,685.60
1,152,047.82
Total In vestme nt:
Tota l I nvestme nt Weighted Ave ra ge Return
LAIF-RDA LAIF-IA
2,008.63 1,167,695 .46
2,008.63 1,167,695.46
DEBIT CREDIT
0 .00 1,931 .06
0.00 1,846.94
0.00 3,778.00
Total Investment:
TOTAL CASH
1,169,7 04 .09
(17,656.27)
0.00
0.00
(3,778.00)
0.00
0.00
0.00
1,148,269.82
ENDING
CASH
1,095 ,431.16
52,838.66
1,148,269.82
1,148,269.82
$ 1,148,270
0.20%
RECEIVED
0 .00
% Change of
Change In Cash Balance
Ending Cash from Previous
Balance Month-End
(1,931 .06) 0%
(1,846 .94) -3%
(3,778 .00) 0%
NOTE (1): Includes only the portion attri butable to the Improvement Authority. Improvement Authority monies are combined 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.
NOTE (3): Improvement Authority does not have an operating account; the expenses are paid from the City's operating account and allocated accordingly
to the Improvement Authority's cash funds.
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 Improv ement Authority as approved by the goveming 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,
Dated
A-1