IA SR 20220607 D - IA April Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 06/07/2022
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the April 2022 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the April 2022 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 $6,267 during the month,
ending with an overall balance of $1,145,200 on April 30, 2022. The decrease was due
to operating expenses, which included disbursements to Southern California Edison
(SCE) for utility bills.
1
A-1
Investment
Local Agency Investment
Fund -IA
Local Agency Investment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
Issuer of
Investment
State of CA
State of CA
APRIL 2022
Acquisition Maturity Market
Date Date Value
N/A On Demand $ 1,169,288
N/A On Demand $ 2 ,011
NOTE (2)
Sub-Total Investment:
Book Current
Value Yield
$ 1 ,169 ,288 0.52%
$ 2 ,011 0.52%
$ 1 ,171 ,300
YTD Transfers to City's Operating Account (BOW) N/A N/A $ (26 ,100)
Total Investment: $ 1,145,200
Total Investment Weighted Average Return 0.52%
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
BEGINNING BALANCE 2 ,009.79 1 ,168 ,367.70 1,170,377.49
YTD TRANSFERS TO BOW (18 ,910 .49) (18 ,910.49)
PLUS: DEPOSITS 0.00
PLUS: INTEREST EARNINGS* 1.58 920.70 922.28
LESS : CURRENT CHECKS (7 ,189.39) (7 ,189.39)
ADJUSTMENTS 0.00
PLUS :TRANSFERSIN 0 .00
LESS: TRANSFERS OUT 0.00
ENDING BALANCE (26 ,099.88) 2 ,011.37 1,169 ,288.40 1,145 ,199.89 0.00
*All interest (LAIF) is paid quarterly.
% 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 MAINT 1 ,083,549.29 870.32 4 ,380.81 1 ,080,038.80 (3 ,510.49) 0%
IA -PORTUGUESE BEND MAINT 67 ,917 .71 51.96 2 ,808.58 65 ,161 .09 (2 ,756.62) -4%
1,151,467.00 922.28 7 ,189.39 1,145,199.89 (6,267.11) -1%
Total Investment: 1 ,145,199.89
NOTE (1): Includes only the portion attributable 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 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 ,
A-2
% of Portfolio Weighted Return
-2% 0.00%
100% 0.5%
0 .17% 0.001%