IA SR 20181107 C - September 2018 Treasurer ReportIMPROVEMENT AUTHORITY MEETING DATE: 11/07/2018
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action regarding the September 2018 Cash
Balances/Monthly Treasurer’s Report
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the September 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 $15,926 during the
month, ending with an overall balance of $1,202,566 at September 30, 2018. The
increase was due to the quarterly interfund transfer in accordance of the FY18-19
budget, while disbursements to Southern California Edison (SCE) for utility bills were
offset by the interfund transfer.
1
I nves tment
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
SEPTEMBER 2018
Issuer of
I nvestment
Acqui s ition
Date
Mat uri ty
Date
Market
Value
Bank of West N/A On Demand $ (133 ,748) $
StateofCA N/A On Demand $ 1,334,404 $
State ofCA N/A On Demand $ 1,909 $
NOTE (2)
Boo k
Value
(133,748)
1,334,404
1,909
To tal Investment: $ 1,202,566
Cur rent
Yield
0.00%
2.06%
2 .06%
Total investment Weighte d Average Return 2.06%
OPERATING LAIF-RDA
(149,673.97) 1,909.11
(1,634.87)
17,560.97
(1 33 ,747.87) 1,909.11
YTDINTEREST
LAIF-IA TOTAL CASH RECEIVED
1 ,334,404.48 1 '1 86,639.62
0.00
0.00
(1,634.87)
17,560.97
0 .00
0.00
1,334 ,404.48 1,202 ,565 .72 0.00
•An 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
-1%
lA -PORTUGUESE BEND MAINT
1,051 ,941.42
134,698.20
11 ,769.95
5,791 .02
1,286.86
348.01
1,062 ,424 .51
140,141 .21
10,483.09
5,443 .01 -4%
1 '1 86,639.62 17,560.97 1,634.87 1,202 ,565.72 15,926.10
Total Investment: 1 ,202,565. 72
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 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