IA SR 20200707 D - May Treasurer Report
IMPROVEMENT AUTHORITY MEETING DATE: 07/07/2020
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the May 2020 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the May 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, AICP, 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 $14,325 during the month,
ending with an overall balance of $1,183,986 at May 31, 2020. The decrease was mainly
due to the disbursement to McGee Surveying Consulting for the dewatering well activities.
The operating expenses included disbursements to Southern California Edison (SCE) for
the utility bills.
1
I nvestment
Local Agency Investment
Fund -lA
Local Agency Investment
Fund-RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
Issuer o f
Inves tment
State ofCA
State ofCA
MAY 2020
Acqui s iti on Maturity Market
Dat e Date Value
N/A On Demand $ 1 ,390,190
N/A On Demand $ 1,989
NOTE (2)
S ub-Total Investment:
Book Current
Valu e Yield
$ 1 ,390,190 1.36%
$ 1,989 1 .36%
$ 1 ,392,179
YTD Transfers to City's Operating Account (BOW) N/A N/A $ (208,193)
Total Investment: $ 1,183,986
Total Investment Weighted Average Return 1.36%
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
BEGINNIN G BALANCE 1 ,988.92 1.390,190.34 1,392,179.26
YTD TRANSFERS TO BOW (193,868.22) (193,868.22)
PLUS: DEPOSITS 0 .00
PLUS: INTEREST EARNINGS• 0 .00
LESS: CURRENT CHECKS (14,324.74) (14,324.74)
ADJUSTMENTS 0 .03 (0.03) 0 .00
PLUS: TRANSFERS IN 0 .00
LESS: TRANSFERS OUT 0 .00
ENDING BALANCE (208, 192.93) 1,988.92 1,390.190.31 1 '183,986.30 0 .00
*All interest (LAIF) is paid quarterly.
%Change of
Change In Cash Balance
BALANCE ENDING Ending Cash from Previous
CASH BALANCES BY FUND FORWARD DE BIT CREDIT CASH Balance Month-End
lA-ABALONE COVE MAINT 1,119,192.31 0.00 5,318.02 1,113,874.29 (5,318.02) 0%
lA-PORTUGUESE BEND MAINT 79,118.73 0 .00 9 ,006.72 70,112.01 (9,006.72) -11%
1,198,311 .04 0 .00 14,324.74 1 '183,986.30 (14,324.74) -1%
Total Investment: 1 '183,986.30
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 Aut hority's expenditure requirements for the
next six months.
Respectfully submitted,
Dated
A-1