IA SR 20200204 C - Nov 2019 IA Treasurer's Report
IMPROVEMENT AUTHORITY MEETING DATE: 02/04/2020
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action to receive and file the November 2019 Cash
Balances/Monthly Treasurer’s Report
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Alternately discuss and take other action related to this item.
FISCAL IMPACT: None
Amount Budgeted: N/A
Additional Appropriation: N/A
Account Number(s): N/A
ORIGINATED BY: Jane Lin, Accountant
REVIEWED BY: Angelina Garcia, Interim Director of Finance
APPROVED BY: Ara Mihranian, Interim Chief Administrative Officer
ATTACHED SUPPORTING DOCUMENTS:
A. A. Monthly Treasurer’s Report (page A-1)
BACKGROUND AND DISCUSSION:
The cash balances of the Improvement Authority decreased by $1,577 during the
month, ending with an overall balance of $1,182,993 on November 30, 2019. The
decrease was due to normal operating expenses. These expenses included
disbursements to Southern California Edison (SCE) for utility bills and White Nelson
Diehl Evans for audit services.
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 (LAIF) is paid quarterly.
CASH BALANCES BY FUND
lA -ABALONE COVE MAINT
lA -PORTUGUESE BEND MAINT
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
NOVEMBER 2019
Issuer of A cquisi tion Maturity Market
Investment Date Date Value
Bank of West NIA On Demand $ (194,302)
State ofCA NIA On Demand $ 1,375,328
State ofCA NIA On Demand $ 1,968
NOTE (2)
Total Investment:
Book Current
Value Yield
$ (194,302) 0.00%
$ 1,375,328 2.10%
$ 1,968 2.10%
$ 1,182,993
Total Investment Weighted Average Return 2.10%
OPERATING
EXPENSES!
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
(192 ,725.02) 1,967.66 1 ,375,327 .89 1 '184,570.53
0.00
0 .00
(1 ,577.31) (1 ,577.31)
0 .00
0 .00
0.00
(194,302.33) 1,967.66 1,375,327.89 1 '1 82 ,993.22 0.00
%Change of
Change In Cash Balance
BALANCE ENDING Ending Cash from Previous
FORWARD DEBIT CREDIT CASH Balance Month-End
1,089,961 .14 0 .00 512 .47 1,089,448 .67 (512.47) 0%
94,609.39 0 .00 1,064.84 93,544.55 (1 ,064.84) -1%
1 '184,570.53 0 .00 1,577.31 1,182,993.22 (1 ,577.31) 0%
Total Investment: 1 '1 82,993.22
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 ali 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.
Dated
A-1