IA SR 20180717 C - May 2018 Treasurer Report - IAIMPROVEMENT AUTHORITY MEETING DATE: 07/17/2018
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action regarding the May 2018 Cash Balances/Monthly
Treasurer’s Report
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the May 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 increased by $11,655 during the
month, ending with an overall balance of $1,201,424 at May 31, 2018. The increase
was due to a reclassification of the prior month expenses while monthly utility bills to
Southern California Edison (SCE) were disbursed.
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
MAY2018
Issuer of Acquisition Maturity Market Book
Investment Date Date Value Value
Bank of West N/A On Demand $ (128,579) $ (128,579)
State ofCA N/A On Demand $ 1,328,103 $ 1,328,103
State ofCA N/A On Demand $ 1,900 $ 1,900
NOTE (2)
Total Investment: $ 1,201,424
Total Investment Weighted Average Return
YTDINTEREST
OPERATING LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
(140,233.95) 1,900.09 1,328,102.53 1,189,768.67 11,967.80
0.00
0.00
(15,657.46) (15,657.46)
27,312.50 27,312.50
0.00
0.00
(128,578.91) 1,900.09 1,328,102.53 1,201,423.71 11,967.80
Current
Yield
0.00%
1.76%
1.76%
1.9%
*All interest (LAI F) is paid quarterly.
%Change of
Change In Cash Balance
BALANCE ENDING Ending Cash from Previous
CASH BALANCES BY FUND FORWARD DEBIT CREDIT CASH Balance Month-End
lA -ABALONE COVE MAINT 1,048,065.02 0.00 825.81 1,047,239.21 (825.81) 0%
lA -PORTUGUESE BEND MAINT 141,703.65 27,312.50 14,831.65 154,184.50 12,480.85 -9%
1 '189, 768.67 27,312.50 15,657.46 1,201 ,423. 71 11,655.04 -1%
Total Investment: 1,201 ,423. 71
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,
A-1