IA SR 20190806 D - June 2019 Treasurer ReportIMPROVEMENT AUTHORITY MEETING DATE: 08/06/2019
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action regarding the June 2019 Cash Balances/Monthly
Treasurer’s Report
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the June 2019 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 $7,303 during the month,
ending with an overall balance of $1,175,382 at June 30, 2019. The increase was due
to the quarterly interfund transfer in accordance of the Fiscal Year 2018-19 budget. The
normal operating expenses included disbursements to Southern California Edison
(SCE) for utility bills and McGee Surveying Consulting for the landslide activity project.
1
A-1
Investment
City's Operating Account
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
• All interest (LA IF) is paid quarterly.
CASH BALANCES BY FUND
lA -ABALONE COVE MAINT
lA-PORTUGUESE BEND MAINT
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
JUNE 2019
Issuer of A c q uisit ion Maturity Market
Investment Date Date Value
Bank of West N/A On Demand $ (184,791)
State ofCA N/A On Demand $ 1,358,229
State ofCA N/A On Demand $ 1,943
NOTE (2)
Total Inv es tment:
Book
Value
$ (184,791)
$ 1,358,229
$ 1,943
$ 1,175,382
Total Investment Weighted A v er age Return
OPERATING
EXPENSES/
NOTE(3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
(192 ,093.83) 1,943.19 1,358,228.94 1,168,078.30
0 .00
0.00 23,858.54
(15,391 . 76) (15,391 . 76)
22,695.00 22,695.00
0 .00
0.00
(184,790.59) 1,943.19 1,358,228.94 1,175,381.54 23,858.54
Change In
BALANCE ENDING Ending Cash
FORWARD DEBIT CREDIT CASH Balance
1,061 ,478.74 9,683.59 5,096 .09 1,066,066.24 4 ,587 .50
106,599.56 13,011.41 10,295.67 109,315.30 2,715.74
1,168,078.30 22 ,695.00 15,391.76 1,175,381.54 7,303.24
Total Investment: 1,175,381.54
Current
Yield
0 .00%
2 .43%
2 .43%
2.43%
%Change of
Cash Balance
from Previous
Month-End
0%
-3%
-1%
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.
NOTE (3): Improvement Authority does not have an operating account; the expenses are paid from the City's operating account and allocated accordingly
to the Improvement Authority's cash funds.
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 ,
~)L l(z_o,(,~
Treasurer Dated