IA SR 20181204 C - Oct 2018 Treasurer ReportIMPROVEMENT AUTHORITY MEETING DATE: 12/04/2018
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action regarding the October 2018 Cash Balances/Monthly
Treasurer’s Report
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the October 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 $5,969 during the month,
ending with an overall balance of $1,208,534 at October 31, 2018. The increase was
due to the receipt of first quarter interest. The operating expenses included
disbursements to Southern California Edison (SCE) for utility bills.
1
Investment
Checking Accounts
Local Agency Investment
Fund -lA
Local Agency Investment
Fund-RDA
NOTE (1)
BEGINNI NG 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
Issuer of
Investment
Bank of West
State ofCA
State ofCA
OCTO BER 2018
A c quisit i on
Date
N/A
N/A
N/A
Matur ity
Date
On Demand
On Demand
On Demand
Market
Value
$ (135,040) $
$ 1,341,655 $
$ 1,919 $
NOTE (2)
Book
Value
(135,040)
1,341,655
1,919
Total i nvestment: $ 1,208,534
Current
Yield
0.00%
2.14%
2.14%
Total Investment Weighted Ave rage Return 2.14%
OPERATING
(133,747.87)
(1,292.14)
(135,040.01)
YTDINTEREST
LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
1 ,909.11 1 ,334,404.48 1 ,202,565. 72
0.00
10.37 7,250.29 7,260.66
(1 ,292.14)
0.00
0.00
0 .00
1,91 9.48 1,341,654.77 1,208,534.24 0 .00
*All interest (LAIF) is paid quarterly.
CASH BALANCES BY FUND
lA-ABALONE COVE MAI NT
BALANCE
FORWARD DEBIT CREDIT
ENDING
CASH
Change In
Ending Cash
Balance
%Change of
Cash Balance
from Previous
Month-End
lA-PORT UGUESE BEND MAINT
1,062,424.51
140,14 1.21
6 ,414 .54
846.12
930.58
361 .56
1,067,908.47
140,625.77
5,483.96
484.56
-1%
0%
1 ,202,565. 72 7,260.66 1,292.14 1 ,208 ,534 .24 5,968.52
Total Investment: 1 ,208,534.24
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. Furthe rm ore, I certify that sufficient
investment liquidity and anticipated revenues are available to meet the Authority's expenditure requirements for the
next six months.
r D.CtA-I\u1 11/~v{ f f
Dated
A-1