IA SR 20151201 C - IA Monthly Cash BalancesCITY OF RANCHO PALOS VERDES
MEMORANDUM
TO:
FROM:
DATE:
SUBJECT:
REVIEWED:
HONORABLE CHAIR & MEMBERS OF THE COMMISSION
DEBORAH CULLEN, DIRECTOR OF FINANCE~
DECEMBER 1, 2015
OCTOBER 2015 MONTHLY REPORT OF CASH BALANCES
DOUG WILLMORE, CITY MANAGER~
Project Manager: Jane Lin, Accountant
RECOMMENDATION
Receive and file the October 2015 Monthly Report of Cash Balances for the Rancho
Palos Verdes Improvement Authority.
BACKGROUND
This report summarizes the cash activity associated with all funds of the Improvement
Authority.
DISCUSSION
The cash balances of the Improvement Authority decreased by $1,675 during the
month, ending with an overall balance of $1,482,564 at October 31, 2015. The decrease
was due to disbursements to Southern California Edison for the utility bills which was in
line with the budget.
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Investment
Checking Accounts
Local Agency Investment
Fund -IA
Local Agency Investment
Fund -RDA
NOTE (1)
BEGINNING BALANCE
PLUS: DEPOSITS
PLUS: INTEREST EARNINGS*
LESS: CHECKS
ADJUSTMENTS
PLUS: TRANSFERS IN
LESS: TRANSFERS OUT
ENDING BALANCE
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY REPORT OF CASH BALANCES
OCTOBER 2015
Issuer of
Investment
Acquisition
Date
Maturity
Date
Market
Value
Bank of West NIA On Demand $ 179,312 $
State of CA NIA On Demand $ 1,301,390 $
State of CA NIA On Demand $ 1,862 $
NOTE (2)
Book
Value
179,312
1,301,390
1,862
Total Investment: $ 1,482,564
Current
Yield
0.00%
0.36%
0.36%
Total Investment Weighted Average Return 0.3%
OPERATING LAIF-RDA LAIF-IA
182,036.01 1,860.38 1,300,343.38
1.50 1,047.06
(2,724.04)
179,311.97 1,861.88 1,301,390.44
TOTAL CASH
1,484,239.77
0.00
1,048.56
(2,724.04)
0.00
0.00
0.00
1,482,564.29
YTDINTEREST
RECEIVED
1,393.25
1,393.25
*All interest (LAIF) is paid quarterly.
CASH BALANCES BY FUND
IA -ABALONE COVE MAINT
BALANCE
FORWARD DEBIT CREDIT
ENDING
CASH
Change In
Ending Cash
Balance
% Change of
Cash Balance
from Previous
Month-End
IA -PORTUGUESE BEND MAINT
1,094,577.59
389,662.18
793.56
255.00
2,101.50
622.54
1,093,269.65
389,294.64
(1,307.94)
(367.54)
0%
0%
1,484,239.77 1,048.56 2,724.04 1,482,564.29 (1,675.48)
Total Investment: 1,482,564.29
NOTE (1): Includes only the portion attributable to the Improvement Authority. Improvement Authority monies are commingled with
Redevelopment Agency monies in this LAIF account.
0%
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
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