IA SR 20190219 C - November 2018 Treasurer Report - IAIMPROVEMENT AUTHORITY
AGENDA REPORT
MEETING DATE: 2/19/2019
AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action regarding the November 2018 Cash
Balances/Monthly Treasurer’s Report
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the November 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 $4,189 during the
month, ending with an overall balance of $1,204,345 at November 30, 2018. The
decrease was due to normal operating expenses including disbursements to Southern
California Edison (SCE) for utility bills and White Nelson Diehl Evans for their audit
services.
1
In v estment
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
NOVEMBER 2018
Issuer of
Investment
A cquisition
Date
Maturity Market Book
Date Value V alue
Ba nk of West N/A On Demand $ (139,229) $ (139,229)
State ofCA N/A On Demand $ 1,341 ,655 $ 1,341,655
State ofCA N/A On Demand $ 1 ,919 $ 1,919
NOTE (2)
Total Investme nt: $ 1,204,345
Current
Yield
0 .00%
2.21%
2.21%
Total Investment Weighted Average Return 2.21%
OPERATING
(135 ,040.01)
(4,189.08)
(139 ,229.09)
YTDINT EREST
LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
1,919.48 1,341 ,654.77 1,208 ,534.24
1,919 .48 1,341,654.77
0.00
0 .00
(4,189.08)
0 .00
0 .00
0.00
1,204,345.16 0.00
•AJI interest (LAIF) is paid quarter1y .
CASH BALANCES BY FUND
lA -ABALONE COVE MAINT
BAlLANCE
FORWARD DEBIT CREDIT
ENDING
CASH
Change In
Ending Cash
Balance
%Change of
Cash Balance
from Previous
Month-End
lA -PORTUGUESE BEND MAINT
1 ,067,908.47
140,625.77
0.00
0.00
2,524.15
1,664.93
1 ,065,384 .32
138,960.84
(2 ,524 .15)
(1,664.93)
0%
1%
1 ,208,534.24 0.00 4 ,189.08 1,204,345 .16 (4,189.08)
Total Investment: 1 ,204,345 .16
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 or 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. Furthennore, I certify that suffident
investment liquidity and anticipa ted revenues are available to meet the Authority's expenditure requirements for the
next six months.
Respectfully submitted ,
f)lblJv.f-Q.uf.L t('l-3/t~
Treas urer Dated
A-1