IA SR 20200204 D - Dec 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 December 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 increased by $21,705 during the
month, ending with an overall balance of $1,204,698 on December 31, 2019. The
increase was due to the quarterly interfund transfer in accordance with the Fiscal Year
2019-20 budget. Disbursements included NV5, Inc. for the sewer fee analysis, White
Nelson Diehl Evans LLP for the audit service, and Southern California Edison (SCE) for
utility bills.
1
Investment
City's Operating Account
Local Agency Investment
Fund -lA
Local Agency Investment
Fund -RDA
NOTE (1)
BEGINNING BALANCE
PLUS: DEPOS ITS
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 TREAS URER REPORT
DECEMBER 2019
Issuer of Acquisition Maturity Market
Investment Date Date Value
Bank of West NJA On Demand $ (172,597)
State ofCA N/A On Demand $ 1,375,328
State ofCA N/A On Demand $ 1,968
NOTE (2)
Total Investment:
Book Current
Value Yield
$ (172 ,597) 0.00%
$ 1,375,328 2.04%
$ 1,968 2.04%
$ 1,204,698
Total Investment Weighted Average Return 2 .04"A.
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
(194,302.33) 1,967.66 1,375 ,327.89 1 '182,993.22
0.00
0 .00
(4 ,545.05) (4 ,545.05)
26,250.00 26 ,250.00
0 .00
0 .00
(172,597.38) 1,967.66 1,375,327.89 1 ,204 ,698.17 0 .00
%Change of
Change In Cash Balance
BALANCE ENDING Ending Cash from Previous
FORWARD DEBIT CREDIT CASH Balance Month-End
1,089,448.67 12,500.00 618.23 1,101,330.44 11 ,881 .77 1"A.
93,544.55 13,750.00 3,926.82 103,367.73 9,823.18 11%
1,182,993.22 26,250.00 4,545.05 1,204,698.17 21,704.95 2%
Total Investment: 1,204,698.17
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 totaiLAIF 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 misst atements 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 requ irements for the
next six months.
Dated
A-1