IA SR 20220719 E - May Treasury Report 2022 IA
IMPROVEMENT AUTHORITY MEETING DATE: 07/19/2022
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the May 2022 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the May 2022 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 $311 during the month,
ending with an overall balance of $1,144,889 on May 31, 2022. 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
I nvestment
Local Agency Investm ent
Fund -IA
Local Agency Investment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TR EASURER REPORT
Issuer of
Investment
State of CA
State of CA
MAY 2022
Acqu isition Maturity Market
Date Date Value
N/A On Demand $ 1,169,288
N/A On Demand $ 2,011
NOTE (2)
Sub-Total Investment:
Book Current
Va lue Yie ld
$ 1,169 ,288 0 .6 8%
$ 2 ,011 0.68%
$ 1,171 ,300
YTD Transfers to City's Operating Account (BOW) NIA N/A $ (26,411)
Total Investment: $ 1 ,144,889
Tota l I nvestment Weighted Average Return 0 .68%
OPERATING
EXPENSES/
NOTE (3) LAIF -RDA LA IF-IA TOTAL CASH RECEIVED
BEG INNING BALANCE 2,011.37 1,169,288 .40 1,171 ,299 .77
YTD TRANSFERS TO BOW (26,099.88) (26,099 .88)
PLUS: DEPOSITS 0.00
PLUS: INTEREST EARN INGS * 0.00
LESS : CURRENT CHECKS (311.16) (311 .16)
ADJUSTMENTS 0.00
PLUS :TRANSFERSIN 0.00
LESS: TRANSFERS OUT 0 .00
ENDING BALANCE (26,411 .04) 2,011.37 1,169 ,288 .40 1,144,888 .73 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 1,080,038 .80 0 .00 591.81 1,079,446 .99 (591 .81) 0%
IA -PORTUGUESE BEND MAINT 65 ,161 .09 280 .65 0.00 65,441.74 280.65 0%
1,145 ,199.89 280.65 591 .81 1,144,888 .73 (311.16) 0%
Tota l Investment: 1,144,888.73
NOTE (1): Includes only the portion attributable to the Improvement Authority. Improvement Authority monies are combined with
Redevelopment Agency monies in this LA IF account .
NOTE (2): LAIF market values will be reported to vary from book value if the Authority ca lculated share of total LAIF assets is less than the
Authority book va lue .
NOTE (3): Improvement Authority does not have an operating account; the expenses are paid from the City's operating account and all ocated accordingly
to the Improvement Authority's cash funds .
To the best of my knowledge, there are no misstatements of materia l amounts within this report;
or omissions of material amounts to caus e the report to be misleading.
I certify that this report accurately reflects all Improvement Authority investments and compli es with the investment
policy of th e 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 ,
~ Dated 1