IA SR 20210601 D - IA April 2021 Treasurer Report
IMPROVEMENT AUTHORITY MEETING DATE: 06/01/2021
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the April 2021 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the April 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 increased by $523 during the month,
ending with an overall balance of $1,179,798 on April 30, 2021. The increase was due
to the receipt of third quarterly interest. The revenue was offset by the operating
expenses, which included disbursements to Southern California Edison (SCE) for the
utility bills.
1
Investment
Local Agency investment
F11nd -lA
Local Agency investment
Fund-RDA
NOTE (1)
RANCHO PALOS VE RDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
Issuer of
Investment
State of CA
State ofCA
APRIL 2021
A c quisition Mat~o~rity Market
Dat e Date Va l u e
NIA On Demand $ 1,178,966
N/A On Demand $ 2,006
NOTE (2)
Sub-Total Investment:
Book Current
Value Yield
$ 1 '178,966 0.34%
$ 2,006 0 .34%
$ 1,180,972
YTD Transfers to City's Operating Account (BOW) N/A NIA $ (1 ,174)
Total I nv estment: $ 1,1 79,798
T otal Investment Weighted Average Return 0.34%
OPERATING
EXPENSES/
NOTE(3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
BEGINNING BALANCE 2 ,003 .58 1 ,400,436.42 1,402 ,440.00
YTD TRANSFERS TO BOW (223 , 165.44) (223,165.44)
PLUS: DEPOSITS 0 .00
PLUS: INTEREST EARNINGS* 0 .00
LESS: CURRENT CHECKS (1,008.67) 2 .19 1,529 .96 523.48
ADJUSTMENTS 0.00
PLUS: TRANSFERS IN 223,000.00 223,000.00
LESS: TRANSFERS OUT (223,000.00) (223,000.00)
ENDING BALANCE (1 ,174.11) 2 ,005.77 1 '178,966.38 1,179,798.04 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 1,112,159.70 1,441 .79 841 .48 1 '112,760.01 600.31 0%
lA -PORTUGUESE BEND MAINT 67,114.86 90.36 167.19 67,038.03 (76.83) 0%
1 '179,274.56 1,532 .15 1,008.67 1 '179, 798.04 523.48 0%
Total Investment: 1,179,798.04
NOTE (1): Includes only the portion attributable to the Improvement Authority. Impr ovement Authority monies are combined with
Redevelopment Agency monies in this LAIF account.
NOTE (2): LAIF market values will be reported to vary from book value if the Authori ty 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 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 com plies with the investment
policy of the Improvemen t Authority as approved by the governing board. Furthermore, I certify that sufficient
investment liquidity and anticipat ed revenues are av ailable to meet the Authority's expe nditure requ irements for the
next six months.
Respectfully submitted ,
A-1