RPVCCA_IA_SR_2015_03_03_02_IA_Monthly_Cash_BalancesCITY OF
MEMORANDUM
RANCHO PALOS VERDES
TO: HONORABLE CHAIR AND MEMBERS OF THE COMMISSION
FROM: KATHRYN DOWNS, ACTING FINANCE OFFICER �"``J
DATE: MARCH 3, 2015
SUBJECT: JANUARY 2015 MONTHLY REPORT OF CASH BALANCES
REVIEWED: CAROLYNN PETRU, DEPUTY CHIEF ADMINISTRATIVE
OFFICER
RECOMMENDATION
Receive and file the January 2015 Monthly Report of Cash Balances for the Rancho Palos
Verdes Improvement Authority.
DISCUSSION
This report summarizes the cash activity associated with all funds of the Improvement
Authority.
The cash balances of the Improvement Authority increased by $70,568 during the month,
ending with an overall balance of $1,481,885 at January 31, 2015. The increase was
primarily due to receipt of the annual General Fund subsidy totaling $75,000.
Disbursements were routine for maintenance activities.
IA 2-1
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY REPORT OF CASH BALANCES
JANUARY 2015
Issuer of Acquisition Maturity Market Book Current
Investment Investment Date Date Value Value Yield
Checking Accounts Bank of West N/A On Demand $ 1,480,028 $ 1,480,028 None
Local Agency Investment
Fund State of CA N/A On Demand $ 1,857 $ 1,857 0.26%
NOTE (1) NOTE (2)
Total Investment: $ 1,481,885
Total Investment Weighted Average Return 0.00%
*All interest (LAIF) is paid quarterly
YTDINTEREST
OPERATING
LAIF-RDA TOTAL CASH
RECEIVED
BEGINNING BALANCE
1,409,460.89
1,856.69 1,411,317.58
2.15
PLUS: DEPOSITS
0.00
ENDING
PLUS: INTEREST EARNINGS*
from Previous
0.00
DEBIT
LESS: CHECKS
(4,432.41)
(4,432.41)
Month -End
ADJUSTMENTS
75,000.00
75,000.00
1,098,382.24
PLUS: TRANSFERS IN
3%
0.00
40,000.00
LESS: TRANSFERS OUT
383,502.93
0.00
11%
ENDING BALANCE
1,480,028.48
1,856.69 1,481,885.17
2.15
*All interest (LAIF) is paid quarterly
Total Investment: 1,481,885.17
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,
111411
�All,��
�.
IA 2-2
% 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 1,066,010.30
35,000.00
2,628.06
1,098,382.24
32,371.94
3%
IA - PORTUGUESE BEND MAINT 345,307.28
40,000.00
1,804.35
383,502.93
38,195.65
11%
1,411,317.58
75,000.00
4,432.41
1,481,885.17
70,567.59
5%
Total Investment: 1,481,885.17
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,
111411
�All,��
�.
IA 2-2