IA SR 20211005 D - Aug 2021 Treasurer Report
IMPROVEMENT AUTHORITY MEETING DATE: 10/05/2021
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the August 2021 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the August 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, Senior 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 $4,190 during the month,
ending with an overall balance of $1,164,087 on August 31, 2021. The decrease was due
to operating expenses, which included disbursements to Southern California Edison
(SCE) for utility bills.
1
CITYOF RANCHO PALOS VERDES
A-1
Investment
Local 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
AUGUST 2021
Acquisition Maturity Market
Date Date Value
N/A On Demand $ 1 ,166,985
NIA On Demand $ 2,007
NOTE (2)
Sub-Total Invest ment:
Book Current
Value Yleld
$ 1,166,985 0 .22%
$ 2,007 0.22%
$ 1 ,1 68 ,992
YfD Transfers to City's Operating Account {BOW) NIA N/A $ {4 ,905)
BEGINNING BALANCE
YfD TRANSFERS TO BOW
PLUS : DEPOSITS
PLUS : INTEREST EARNINGS•
LESS : CURRENT CHECKS
ADJUSTMENTS
PLUS :TRANSFERSIN
LESS : TRANSFERS OUT
ENDING BALANCE
*All interest (LAIF) is paid quarterly.
CASH BALANCES BY FUND
IA -ABALONE COVE MAINT
IA -PORTUGUESE BEND MAINT
OPERATING
EXPENSES/
NOTE (3)
(715.56)
{4,189 .54)
{4 ,905 .10)
BALANCE
FORWARD
1,108 ,5 51 .90
59 ,724 .81
1,168,276.71
Total Investment:
Total Investment Weighted Average Return
LAIF-RDA LAIF-IA
2 ,007 .41 1,166 ,984 .86
2 ,007.41 1,166 ,984 .86
DEBIT CREDIT
0 .00 3 ,749 .80
0 .00 439 .74
0 .00 4 ,189 .54
Total Investment:
TOTAL CASH
1,168,992.27
(715 .56)
0.00
0.00
(4,189.54)
0.00
0 .00
0 .00
1,164,087.17
ENDING
CASH
1 ,104 ,802 .10
59,285.07
1,164,087 .17
1 ,164,087 .17
$ 1,164,087
0.22%
RECEIVED
0 .00
% Change of
Change In Cash Balance
Ending Cash from Previous
Balance Month-End
(3 ,749.80) 0%
(439 .74) -1%
(4 ,1 89 .54) 0%
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): Im provement Aulhority 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 ,