IA SR 20210504 D - Mar 2021 Treasurer Report
IMPROVEMENT AUTHORITY MEETING DATE: 05/04/2021
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the March 2021 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the March 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 $8,700 during the
month, ending with an overall balance of $1,179,275 on March 31, 2021. The decrease
was due to operating expenses, which included disbursements to McGee Surveying
Consulting for dewatering well activities and to Southern California Edison (SCE) for
utility bills.
1
A-1
Investment
Loca l Agency Investment
Fund -lA
Local Agency Investm ent
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
Issuer of
Investment
State of CA
State of CA
MARCH 2021
Acquisition Maturity Market
Date Date Value
N/A On Demand $ 1,400,436
N/A O n Demand $ 2,004
NOTE (2)
Sub-Total Investment:
Book Current
Value Yield
$ 1,400,436 0.36%
$ 2,004 0.36%
$ 1,402,440
Yl :J Transfers to City's Operating Accou nt (BOW) N/A N/A s (223,165)
Total Investment: $ 1,179,275
Total Investment Weighted Average Return 0.36%
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECE IVED
r1EGINN ING BALANCE 2 ,003 58 1,400,436.42 1,402,440.00
YTD lRANSFERS TO BOW (214.465 .27) (214,465 27)
PLUS DEPOSITS 0.00
CJLUS. INTEREST EARNINGS' 0.00
LESS CURRENT CHECKS (13.700 .17) (13, 700.17)
ADJJSTM ENTS 5 ,000 00 5,000.00
PL US TRANSFERS IN 0.00
LE SS mANSFERS OUT 0.00
ENDING BALANCE (223, 165.44) 2 ,003 .58 1,400,436.42 1 '179,274.56 0.00
"Ail in terest (LAIF) is paid quarterly .
%Change of
Change In Cash Balance
BALANCE END IN G Ending Cash from Previous
·::ASH BALANCES BY FUND FORWARD DEBIT CREDIT CASH Balance Month-End
It~ AB ALONE COVE MAINT 1 '116,828 .55 0.00 4 ,668 .85 1 '112, 159.70 (4,668 .85) 0%
·i, · PORTUGUESE BEND MAINT 71 ,146.18 5 ,000 .00 9,031 .32 67 ,114.86 (4,031.32) -6%
1 '187,974 .73 5,000.00 13,700 .17 1 '179,274.56 (8,700 .17) -1 %
Total Investment: 1 '179,274.56
NO TE (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 sh are of total LA IF assets is less than the
Authority book value .
NOTE (3): Improvement Authority does not h ave an operating account: the expenses are paid from the City's operating account and a ll ocated accordingly
to the Improvement Authority's c ash funds .
To the best of my knowledge, there are no misstatements of materia l amounts within this report;
or omissions of material amounts to cause th e report to be m islead ing .
I ce rtify that this report accurately refl ects all Improvement Authority inves tments and complies with th e investment
policy of the Improvement Authority as approved by the governing board . Furthermore , I certify that sufficient
investm e nt liquidity a nd anticipa ted revenues are availabl e to meet the Authority's expenditure req uirements for the
next six months.
Respectfully submitted ,
Dated