IA SR 20200505 C - March Treasurers Report
IMPROVEMENT AUTHORITY MEETING DATE: 05/05/2020
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action to receive and file the March 2020 Cash
Balances/Monthly Treasurer’s Report
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the March 2020 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: Trang Nguyen, Director of Finance
APPROVED BY: Ara Mihranian, 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 $10,066 during the
month, ending with an overall balance of $1,192,093 at March 31, 2020. The increase
was due to the quarterly interfund transfer in accordance with the Fiscal Year 2019-20
Budget. Disbursements included McGee Surveying Consulting for the dewatering well
activities 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: 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
MARCH 2020
Issuer of Acquisition Maturity Market
Investment Date Date Value
Bank of West N/A On Demand $ (193,115)
State ofCA N/A On Demand $ 1,383,229
State ofCA N/A On Demand $ 1,979
NOTE (2)
Total Investment:
Book Current
Value Yield
$ (193,115) 0.00%
$ 1,383,229 1.79%
$ 1,979 1.79%
$ 1 '192,093
Total Investment Weighted Average Return 1.79%
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
(203,180.44) 1,978.96 1 ,383,228 . 77 1,182,027.29
0 .00
0.00
(16, 184.25) (16,184 .25)
0 .00
26,250.00 26,250.00
0 .00
(193,114.69) 1,978.96 1 ,383,228. 77 1 '192,093.04 0.00
%Change of
Change In Cash Balance
BALANCE ENDING Ending Cash from Previous
FORWARD DEBIT CREDIT CASH Balance Month-End
1 '1 05,456.60 12,500.00 4,591.65 1 '113,364.95 7 ,908.35 1%
76,570.69 13,750.00 11,592.60 78,728.09 2,157.40 3%
1,182,027.29 26,250.00 16,184.25 1 '192,093.04 10 ,065.75 1%
Total Investment: 1 '192,093.04
NOTE (1): Includes only the portion attributable to the Improveme nt Authority . Improvement Authority monies are commingled with
Redevelopment Agency monies in this LAIF accou nt.
NOTE (2): LA IF market values will be reported to vary from book value if the Authority calculated share of total LA IF 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 knowl edg e, th e re are no misstatements of material am ounts 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,
Djb/w
A-1