IA SR 20210406 D - IA Feb 2021 Treasurer's Report
IMPROVEMENT AUTHORITY MEETING DATE: 04/06/2021
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the February 2021 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the February 2021 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 $1,318 during the
month, ending with an overall balance of $1,187,975 on February 28, 2021.
The decrease was due to the operating expenses, which included disbursements to
Abalone Cove Landslide Abatement District for the maintenance of wells and to
Southern California Edison (SCE) for utility bills.
1
I nv estment
Local Agency Investment
Fund-lA
Local Agency Investment
Fund· RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT A UT HORITY
MONT H LY TREASURER REPORT
FEBRUARY 2021
Issuer of
I n v e s tment
Acquisit ion
Date
Mat urity Market
Date Value
State ofCA N/A On Demand $ 1,400,436
State ofCA N/A On Demand $ 2,004
NOTE (2)
S ub-Total Investment:
Book Current
Value Yield
$ 1,400,436 0.41%
$ 2 ,004 0.41%
$ 1,402,440
YTD Transfers to City's Operating Account (BOW) N/A N/A $ (214,465)
Total I nves t ment: $ 1,187 ,97 5
Total Inv estment Wei ghted Average Ret urn 0 .41 %
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RE CEIVED
BEGINNI NG BALANCE 2,003.58 1 ,400,436.42 1 ,402,4 40 .00
YTD TRANSFERS TO BOW (213,147.01) (213,147.01)
PLUS: DEPOSITS 0 .00
PLUS: INTEREST EARNINGS* 0.00
LESS: CURRENT CHECKS (1 ,318.26) (1 ,318.26)
ADJUSTMENTS 0.00
PLUS: TRANSFERS IN 0.00
LESS: TRANSFERS OUT 0 .00
ENDING BALANCE (214 ,465.27) 2 ,003 .58 1,400,436.42 1 '187,974. 73 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 DEBIT CREDIT CASH Balance Month-End
lA -ABALONE COVE MAINT 1,117,811.39 0 .00 982.84 1,116,828.55 (982.84) 0%
lA -PORTUGUESE BEND MAINT 71,481.60 0 .00 335.42 71 ,146.18 (335.42) 0%
1 '189,292.99 0 .00 1,318.26 1,187,974.73 (1 ,318.26) 0%
Total Investment: 1,187,974.73
NOTE (1): Includes only the portion attributable to the Improvement Authority. Improvement Authority monies are commingled with
Redevelopment Agency monies in this LA IF account.
NOTE (2): LAIF 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 pa id from the City's operating account and allocated according ly
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. Fu rthermore, 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,
Dated
A-1