IA SR 20180605 C - April 2018 IA Treasurer ReportIMPROVEMENT AUTHORITY MEETING DATE: 06/05/2018
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action regarding the April 2018 Cash Balances/Monthly
Treasurer’s Report
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the April 2018 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 Officer
ATTACHED SUPPORTING DOCUMENTS:
A. Monthly Treasurer’s Report (page A-1)
BACKGROUND AND DISCUSSION:
The cash balances of the Improvement Authority decreased by $217 during the month,
ending with an overall balance of $1,189,769 at April 30, 2018. The decrease was due
to monthly disbursements to Southern California Edison (SCE) for utility bills and Stay
Green for landscape maintenance. These expenditures were offset by the quarterly
interest.
1
Investment
Checking Accounts
Local Agency Investment
Fund -lA
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 TREASURER REPORT
APRIL2018
Issuer of
Investment
Acquisition
Date
Maturity
Date
Market
Value
Bank of West N/A On Demand $ {140,234) $
Book
Value
(140,234)
StaleofCA N/A On Demand $ 1 ,328, 1 03 $ 1 ,328, 103
State ofCA N/A On Demand $ 1,900 $ 1,900
NOTE (2)
Total Investment: $ 1,189,769
Current
Yield
0.00%
1.66%
1.66%
Total Investment Weighted Average Return 1.9%
OPERATING LAIF-RDA
(135 ,087 .06) 1,893.05
7.04
(5,146.89)
(140,233.95) 1,900.09
YTD INTEREST
LAIF-IA TOTAL CASH RECEIVED
1,323,179.50 1,189,985.49 7 ,037.73
0.00
4,923.03 4,930.07
(5,146.89)
0.00
0.00
0.00
1,328,102.53 1,189,768.67 7 ,037.73
*All interest (LAIF) is paid quarterly.
CASH BALANCES BY FUND
lA-ABALONE COVE MAINT
BALANCE
FORWARD DEBIT CREDIT
ENDING
CASH
Change In
Ending Cash
Balance
%Change of
Cash Balance
from Previous
Month-End
lA-PORTUGUESE BEND MAINT
1,045,195.1 3
144,790.36
4 ,330.21
599.86
1,460.32
3,686.57
1,048,065.02
141,703.65
2 ,869.89
(3,086.71)
0%
2%
1 '189,985.49 4,930.07 5,146.89 1,189,768.67 (216.82)
Total Investment: 1,189,768.67
NOTE (1): lndudes 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,
A-1