IA SR 20181002 C - Aug 2018 Treasurer Report-IAIMPROVEMENT AUTHORITY MEETING DATE: 10/02/2018
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action regarding the August 2018 Cash Balances/Monthly
Treasurer’s Report
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the August 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 $13,018 during the
month, ending with an overall balance of $1,186,640 at August 31, 2018. The decrease
was mainly due to disbursements to Southern California Edison (SCE) for utility bills
and the year-end interest adjustment.
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
AUGUST2018
l .. uerof
Investment
Acquisition
Date
Maturity
Date
Market
Value
Bank of West NIA On Demand $ (149,674) $
Book
Value
(149,674)
State ofCA N/A On Demand $ 1,334,404 $ 1 ,334,404
State of CA N/A On Demand $ 1 ,909 $ 1,909
NOTE(2)
Total Investment: $ 1,186,640
Current
Yield
0.00%
2.00%
2.00%
Total Investment Weighted Average Return 2.00%
OPERATING
(136,656.09)
(6,706.91)
(6,310.97)
(149,673.97)
LAIF-RDA LAIF-IA
1,909.11 1 ,334,404.48
1,909.11 1 ,334,404.48
YTDINTEREST
TOTAL CASH RECEIVED
1,1 99,657.50
0.00
0 .00 6 ,310.97
(6,706.91)
(6 ,310.97)
0.00
0.00
1,186,639.62 6,310.97
*All interest (LAIF) is paid quarterly.
CASH BALANCES BY FUND
l A -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
1,059,862.66
139,794.84
0 .00
0.00
7 ,921 .24
5 ,096.64
1,051 ,941.42
134,698.20
(7 ,921 .24)
(5,096.64)
1%
4%
1,199,657.50 0.00 13,017.88 1,186,639.62 (13,017.88)
Total Investment: 1,186,639.62
NOTE (1): Includes only the portion attributable to the Improvement Authority. Improvement Authority monies are commingled with
Redevelopment Agency monies in this LAIF account.
1%
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 m isstatements of material amounts within this report;
or omissions of material amounts to cause the report to be misleading.
1 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 s ubmitted,
A-1