IA SR 20221004 D - July Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 10/04/2022
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the July 2022 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the July 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 $13,134 during the month,
ending with an overall balance of $1,144,223 on July 31, 2022. The decrease was due to
operating expenses, which included disbursements to Southern California Edison (SCE)
for utility bills.
1
RANCHO PALOS VERDES
1
A-1
Investment
LocafAgencyfnvestment
Fund -IA
Local Agency Investment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHO RITY
MONTHLY TREASURER REPORT
Issuer of
Investment
State of CA
State of CA
JULY 2022
Acquisition Maturity Market
Date Date Value
NIA On Demand $ 1 ,157,477
NIA On Demand $ 2,015
NOTE(2)
Sub-Total Investment:
Book Current
Value Yield
$ 1,157,477 1.09%
$ 2,015 1.09%
$ 1 ,159 ,492
YTD Transfers to City's Operating Account (BOW) NIA NIA $ (15 ,269)
Total Investment: s 1,144,223
Total Investment Weighted Average Return 1.09%
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
BEGINNING BALANCE 2,011 .37 1,155,288 .40 1,157 ,299 .77
YTD TRANSFERS TO BOW 57.37 57 .37
PLUS : DEPOSITS 0.00
PLUS : INTEREST EARNINGS• 3.77 2,188 .29 2,192 .06
LESS : CURRENT CHECKS (15 ,326 .46) (15 ,326 .46)
ADJUSTMENTS 0.00
PLUS:TRANSFERSIN 0.00
LESS : TRANSFERS OUT 0.00
ENDING BALANCE (15 ,269.09) 2,015.14 1,157,476.69 1,144,222 .74 0.00
•An 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 1,078,531.23 2 ,058 .89 5,155.46 1,075,434 .66 (3,096.57) 0%
IA -PORTUGUESE BEND MAINT 78,825 .91 133.17 10,171 .00 68 ,788.08 (10,037.83) -13%
1,157,357.14 2 ,192 .06 15,326.46 1,144,222.74 (13,134 .40 ) -1%
Total Investment: 1,144,222 .74
NOTE (1): includes only the portion attribu table to the Improvement Authority. Improvement Authority monies are combined with
Redevelopment Agency monies in this LAIF account.
NOTE (2): LAIF martlet 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,
Tre'::ufi=-h,r r~ Dated