IA SR 20221206 F - IA Oct 2022 Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 12/06/2022
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the October 2022 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the October 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 increased by $2,525 during the month,
ending with an overall balance of $1,146,056 on October 31, 2022. The increase was due
to Fiscal Year 2022-23 first quarter interest earnings. The operating expenses included
disbursements to Southern California Edison (SCE) for utility bills.
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
OCTOBER 2022
Acqui sition Maturity Market
Date Date Value
N/A On Demand $ 1,161,415
N/A On Demand $ 2,022
NOTE (2)
Sub-Total Investment:
Book Current
Value Yield
$ 1,161,415 1.77%
$ 2,022 1.77%
$ 1,1 63,437
YTD Transfers to City's Operating Account (BOW) NIA NIA $ (17,381)
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)
(15,960.93)
(1,420.54)
(17,381.47)
BALANCE
FORWARD
1,071 ,588 .83
71,942 .07
1,143,530.90
Total Investment:
Total Investment Weighted Average Return
LAIF-RDA LAIF -IA
2,015.14 1,157,476.69
6.86 3,938.45
2 ,022.00 1,161 ,415.14
DEBIT CREDIT
3,704.66 1,084.48
240 .65 336.06
3,945.31 1,420.54
Total Investment:
TOTAL CASH
1,159,491 .83
(15 ,960.93)
0 .00
3,945 .31
(1,420 .54)
0 .00
0 .00
0 .00
1,146,055.67
ENDING
CASH
1,074 ,209.01
71,846.66
1,1 46,055.67
1,146,055.67
$ 1,146,056
1.77%
RECEIVED
0.00
% Change of
Change In Cash Balance
Ending Cash from Previous
Balance Month-End
2 ,620.18 0%
(95.41) 0%
2 ,524.77 0%
NOTE (1 I: 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. Furthennore, 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 ,
XLrc=~ Dated
A-1