IA SR 20210803 D - June Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 08/03/2021
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the June 2021 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the June 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 $7,792 during the month,
ending with an overall balance of $1,167,954 on June 30, 2021. The decrease was due
to operating expenses, which included disbursements to McGee Surveying Consulting
for the dewatering well activities and Southern California Edison (SCE) for utility bills. This
June report reflects preliminary numbers, and the final report will be submitted after year-
end closing is completed.
1
CITYOF RANCHO PALOS VERDES
:?L
A-1
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
JUNE 2021 (PRELIMINARY)
The June Treasurer Report will be re-submitted after the year•nd closing is completed
Investment
Local Agency Investment
Fund -IA
Local Agency Investment
Fund · RDA
NOTE (1)
Issuer of
Investment
State of CA
State of CA
Acquisition
Date
N/A
N/A
Maturity Market
Date Value
On Demand $ 1,165,966
On Demand $ 2,006
NOTE (2)
Sub-Total Investment:
Book Current
Value Yield
$ 1,165,966 0.26%
$ 2 ,006 0.26%
$ 1 ,167,972
YTD Transfers to City's Operating Account (BOW) N/A N/A $ (18)
Total Investment: $ 1,167,954
Total Investment Weighted Average Return 0 .26%
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
BEGINNING BALANCE 2 ,005.77 1,178 ,966 .38 1 ,180,972 .15
YTD TRANSFERS TO BOW (5 ,225 .87) (5,225 .87)
PLUS : DEPOSITS 0 .00
PLUS : INTEREST EARNINGS* 0 .00
LESS : CURRENT CHECKS (12 ,792 .05) (12,792 .05)
ADJUSTMENTS 5 ,000.00 5,000 .00
PLUS :TRANSFERSIN 13,000.00 13,000.00
LESS : TRANSFERS OUT (13 ,000 .00) (13,000 .00)
ENDING BALANCE (17 .92) 2 ,005 .77 1 ,165,966 .38 1,1 67,954 .23 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
IA · ABALONE COVE MAINT 1,111 ,773 .31 0 .00 3 ,844 .59 1,107 ,928.72 (3 ,844 .59) 0%
IA · PORTUGUESE BEND MAINT 63,972 .97 5 ,000.00 8 ,947 .46 60 ,025 .51 (3 ,947 .46) -6%
1 ,175,746 .28 5 ,000.00 12 ,792.05 1,167,954.23 (7 ,792 .05) -1%
Total investment: 1,1 67 ,954 .23
NOTE (1): Includes only the portion attributable to the Improvement Authority. Improvement 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 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 Authority's expenditure requirements for the
next six months .
Respectfully submitted ,