RPVCCA_IA_SR_2015_04_07_02_Monthly_Cash Balancesi
CITY OF RANCHO PALOS VFRDES
MEMORANDUM
TO: HONORABLE CHAIR AND MEMBERS OF THE COMMISSION
FROM: KATHRYN DOWNS, ACTING FINANCE DIRECTOR Jc -Foy ka-1-
DATE: APRIL 7, 2015 160
SUBJECT: FEBRUARY 2015 MONTHLY REPORT OF CASH BALANCES
REVIEWED: DOUGLAS WILLMORE, CHIEF ADMINISTRATIVE OFFICER 6(A--)
Staff Coordinator: Jane Lin, Accountant,/(.
RECOMMENDATION
Receive and file the February 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 $14 during the month,
ending with an overall balance of $1,481,899 at February 28, 2015. The increase was due
to void an outstanding check which is six months old. Disbursements were routine for
maintenance activities.
1
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY REPORT OF CASH BALANCES
FEBRUARY 2015
Issuer of Acquisition Maturity Market Book Current
Investment Investment Date Date Value Value Yield
Checking Accounts Bank of West N/A On Demand $ 1,480,042 $ 1,480,042 None
Local Agency Investment
Fund State of CA N/A On Demand $ 1,857 $ 1,857 0.27%
NOTE (1) NOTE (2)
Total Investment: $ 1,481,899
Total Investment Weighted Average Return 0.00%
*All interest (LAIF) is paid quarterly.
YTDINTEREST
OPERATING
LAIF-RDA TOTAL CASH
RECEIVED
BEGINNING BALANCE
1,480,028.48
1,856.69 1,481,885.17
2.15
PLUS: DEPOSITS
0.00
ENDING
PLUS: INTEREST EARNINGS*
from Previous
0.00
DEBIT
LESS: CHECKS
(1,502.21)
(1,502.21)
Month -End
ADJUSTMENTS
1,515.88
1,515.88
1,098,438.35
PLUS: TRANSFERS IN
0%
0.00
405.15
LESS: TRANSFERS OUT
383,460.49
0.00
0%
ENDING BALANCE
1,480,042.15
1,856.69 1,481,898.84
2.15
*All interest (LAIF) is paid quarterly.
Total Investment: 1,481,898.84
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,
�wqla ,D
T easurer Dated
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 1,098,382.24
1,110.73
1,054.62
1,098,438.35
56.11
0%
IA - PORTUGUESE BEND MAINT 383,502.93
405.15
447.59
383,460.49
(42.44)
0%
1,481,885.17
1,515.88
1,502.21
1,481,898.84
13.67
0%
Total Investment: 1,481,898.84
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,
�wqla ,D
T easurer Dated
2