IA SR 20160405 C - IA Monthly Report of Cash BalancesIMPROVEMENT AUTHORITY MEETING DATE: 04/05/2016
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action regarding the February 2016 Cash Balances/Monthly
Treasurer Report
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the February 2016 Cash Balances/Monthly Treasurer 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'f
ATTACHED SUPPORTING DOCUMENTS:
A. Monthly Treasurer Report (page A-1)
BACKGROUND AND DISCUSSION:
The cash balances of the Improvement Authority decreased by $3,305 during the
month, ending with an overall balance of $1,468,332 at February 29, 2016. The
decrease was due to disbursements to Southern California Edison for utility bills (which
was in line with the budget); Vavrinek, Trine, Day & Company for the annual audit
services; and Strath Pump Company for the dewatering well activities.
1
Investment
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
FEBRUARY 2016
Issuer of Acquisition Maturity Market Book Current
Investment Date Date Value Value Yield
Checking Accounts Bank of West N/A On Demand $ 163,874 $ 163,874 0.00%
Local Agency Investment
Fund - IA State of CA N/A On Demand $ 1,302,595 $ 1,302,595 0.47%
Local Agency Investment
Fund - RDA State of CA N/A On Demand $ 1,864 $ 1,864 0.47%
NOTE (1) NOTE (2)
Total Investment: $ 1,468,332
Total Investment Weighted Average Return 0.4%
YTD INTEREST
OPERATING LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
BEGINNING BALANCE
PLUS: DEPOSITS
PLUS: INTEREST EARNINGS*
LESS: CHECKS
ADJUSTMENTS
PLUS: TRANSFERS IN
LESS: TRANSFERS OUT
ENDING BALANCE
*AII interest (LAIF) is paid quarterly.
CASH BALANCES BY FUND
167,179.05 1,863.60 1,302, 594.92
(3,305.18)
1,471,637.57
0.00
0.00
(3,305.18)
0.00
0.00
0.00
2,599.45
163,873.87 1,863.60 1,302,594.92
1,468,332.39 2,599.45
% Change of
Change In Cash Balance
BALANCE ENDING Ending Cash from Previous
FORWARD DEBIT CREDIT CASH Balance Month -End
IA - ABALONE COVE MAINT 1,086,121.26 0.00 2,231.60 1,083,889.66 (2,231.60) 0%
IA - PORTUGUESE BEND MAINT 385,516.31 0.00 1,073.58 384,442.73 (1,073.58) 0%
1,471,637.57
0.00 3,305.18 1,468,332.39 (3,305.18) 0%
Total Investment: 1,468,332.39
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,
WjutAln -
Treasurer Dated
A-1