IA SR 20210907 D - IA July 2021 Treasurer Report
IMPROVEMENT AUTHORITY MEETING DATE: 09/08/2021
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the July 2021 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the July 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 $322 during the month,
ending with an overall balance of $1,168,277 on July 31, 2021. The increase was due to
the earned Fiscal Year 2020-21 fourth quarter interest. The operating expenses included
disbursements to Southern California Edison (SCE) for utility bills.
1
CITYOF RANCHO PALOS VERDES
:?L
A-1
Investment
Loca l Agency Investment
Fund-IA
Local Agency Investment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
Issuer of
Investment
State of CA
State of CA
JULY 2021
Acquisition Maturity Market
Date Date Value
NIA On Demand $ 1,166,985
NIA On Demand $ 2,007
NOTE (2)
Sub-Total Investment:
YTD Transfers to City's Operating Account (BOW) N/A NIA
BEGINNING BALANCE
YTD TRANSFERS TO BOW
PLUS: DEPOSITS
PLUS: INTEREST EARNINGS*
LESS: CURRENT CHECKS
ADJUSTMENTS
PLUS:TRANSFERSIN
LESS: TRANSFERS OUT
ENDING BALANCE
*All interest (LAIF) is paid quarter1y.
CASH BALANCES BY FUND
IA -ABALONE COVE MAINT
IA -PORTUGUESE BEND MAINT
OPERATING
EXPENSES/
NOTE (3)
(17.92)
(697.64)
(715.56)
BALANCE
FORWARD
1,107,928 .72
60,025 .51
1,167,954.23
Total Investment:
Total Investment Weighted Average Return
LAIF-RDA LAIF-IA
2,005 .77 1,165,966 .38
1.64 1,018.48
2,007.41 1,166,984.86
DEBIT CREDIT
964.81 341.63
55 .31 356.01
1,020.12 697.64
Total Investment:
TOTAL CASH
1,167,972.15
(17.92)
0.00
1,020.12
(697.64)
0.00
0.00
0.00
1,168,276.71
ENDING
CASH
1,108,551 .90
59,724 .81
1,168,276.71
1,168,276.71
Book
Value
$ 1,166,985
$ 2 ,007
$ 1,168,992
$ (716)
$ 1,168,277
0.22%
RECEIVED
0.00
Change In
Ending Cash
Balance
623.18
(300.70)
322.48
NOTE (1 ): Includes only the portion attributable to the Improvement Authority. Improvement Authority monies are combined with
Redevelopment Agency monies In this LAIF account.
Current
Yield
0.22%
0.22%
% Change of
Cash Balance
from Previous
Month-End
0%
-1%
0%
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 ,