IA SR 20170207 D - IA December Treasurer's ReportIMPROVEMENT AUTHORITY MEETING DATE: 02/07/2017
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action regarding the December 2016 Cash
Balances/Monthly Treasurer's Report
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the December 2016 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, Accountant ?(—
REVIEWED BY: Deborah Cullen, Director of Finance
APPROVED BY: Doug Willmore, Chief Administrative �Vficer
ATTACHED SUPPORTING DOCUMENTS:
A. Monthly Treasurer's Report (page A-1)
BACKGROUND AND DISCUSSION:
The cash balances of the Improvement Authority increased by $8,305 during the month,
ending with an overall balance of $1,350,618 at December 31, 2016. The slight
increase was due to the quarterly interfund transfer in accordance of the FY16-17
budget, while disbursements to Southern California Edison (SCE) for utility bills were
offset by the interfund transfer.
1
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
DECEMBER 2016
Total Investment: $ 1,350,618
Total Investment Weighted Average Return 0.7%
YTDINTEREST
OPERATING LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
BEGINNING BALANCE
Issuer of
Acquisition
Maturity
Market
0.00
Book
Current
Investment
Investment
Date
Date
Value
Value
Yield
Checking Accounts
Bank of West
N/A
On Demand
$ 40,889
$
40,889
0.00%
Local Agency Investment
9,500.00
864.14
1,070,460.38
8,635.86
-1%
IA - PORTUGUESE BEND MAINT 280,488.33
0.00
Fund - IA
State of CA
N/A
On Demand
$ 1,307,857
$
1,307,857
0.72%
Local Agency Investment
-1%
Fund - RDA
State of CA
N/A
On Demand
$ 1,871
$
1,871
0.72%
NOTE (1)
NOTE (2)
Total Investment: $ 1,350,618
Total Investment Weighted Average Return 0.7%
YTDINTEREST
OPERATING LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
BEGINNING BALANCE
32,584.79
1,871.13 1,307,856.93 1,342,312.85 1,987.04
PLUS: DEPOSITS
0.00
PLUS: INTEREST EARNINGS*
0.00
LESS: CHECKS
(1,195.34)
(1,195.34)
ADJUSTMENTS
0.00
PLUS: TRANSFERS IN
9,500.00
9,500.00
LESS: TRANSFERS OUT
DEBIT
0.00
ENDING BALANCE
40,889.45
1,871.13 1,307,856.93 1,350,617.51 1,987.04
*All interest (LAIF) is paid quarterly.
Total Investment: 1,350,617.51
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,
Treasurer Dated
A-1
% 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 1,061,824.52
9,500.00
864.14
1,070,460.38
8,635.86
-1%
IA - PORTUGUESE BEND MAINT 280,488.33
0.00
331.20
280,157.13
(331.20)
0%
1,342,312.85
9,500.00
1,195.34
1,350,617.51
8,304.66
-1%
Total Investment: 1,350,617.51
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,
Treasurer Dated
A-1