IA SR 20171108 C - IA September Treasurer's ReportIMPROVEMENT AUTHORITY MEETING DATE: 11/08/2017
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action regarding the September 2017 Cash
Balances/Monthly Treasurer's Report
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the September 2017 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 ,7,11(_
REVIEWED BY: Deborah Cullen, Director of Finance
APPROVED BY: Doug Willmore, Chief Administrativeficer V*WL
ATTACHED SUPPORTING DOCUMENTS:
A. Monthly Treasurer's Report (page A-1)
BACKGROUND AND DISCUSSION:
The cash balances of the Improvement Authority increased by $4,140 during the month,
ending with an overall balance of $1,275,423 at September 30, 2017. The slight
increase was due to the quarterly inter -fund transfer in accordance of the FY17-18
budget, while disbursements to Southern California Edison (SCE) for utility bills were
offset by the inter -fund transfer.
1
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
SEPTEMBER 2017
Total Investment: $ 1,275,423
Total Investment Weighted Average Return 1.1%
Issuer of
Acquisition
Maturity
Market
Book
Current
Investment
Investment
Date
Date
Value
Value
Yield
Checking Accounts
Bank of West
N/A
On Demand
$ (42,073) $
(42,073)
0.00%
Local Agency Investment
(5,359.92)
Month -End
ADJUSTMENTS
9,500.00
0.00
1,066,882.47
Fund - IA
State of CA
N/A
On Demand
$ 1,315,614 $
1,315,614
1.11%
Local Agency Investment
ENDING BALANCE
(42,072.56)
1,882.23 1,315,613.75 1,275,423.42
3,027.04
4,140.08
0%
Fund - RDA
State of CA
N/A
On Demand
$ 1,882 $
1,882
1.11%
NOTE (1)
NOTE (2)
Total Investment: $ 1,275,423
Total Investment Weighted Average Return 1.1%
`All interest (LAIF) is paid quarterly
YTDINTEREST
OPERATING
LAIF-RDA LAIF-IA TOTAL CASH
RECEIVED
BEGINNING BALANCE
(46,212.64)
1,882.23 1,315,613.75 1,271,283.34
3,027.04
PLUS: DEPOSITS
0.00
ENDING
PLUS: INTEREST EARNINGS"
from Previous
0.00
DEBIT
LESS: CHECKS
(5,359.92)
(5,359.92)
Month -End
ADJUSTMENTS
9,500.00
0.00
1,066,882.47
PLUS: TRANSFERS IN
9,500.00
9,500.00
0.00
LESS: TRANSFERS OUT
208,540.95
0.00
2%
ENDING BALANCE
(42,072.56)
1,882.23 1,315,613.75 1,275,423.42
3,027.04
`All interest (LAIF) is paid quarterly
Total Investment: 1,275,423.42
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,
Lzl?� ' /°f 117-
Treasurer IDated
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 1,058,543.55
9,500.00
1,161.08
1,066,882.47
8,338.92
-1%
IA - PORTUGUESE BEND MAINT 212,739.79
0.00
4,198.84
208,540.95
(4,198.84)
2%
1,271,283.34
9,500.00
5,359.92
1.275,423.42
4,140.08
0%
Total Investment: 1,275,423.42
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,
Lzl?� ' /°f 117-
Treasurer IDated
A-1