IA SR 20220405 D - February Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 04/05/2022
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the February 2022 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the February 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 $1,271 during the month,
ending with an overall balance of $1,151,942 on February 28, 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
Investment
Local Agency Investment
Fund-IA
Local Agency Investment
Fund-RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
FEBRUARY 2022
Issuer of
Investment
Acquisition
Date
Maturity Market
Date Value
State of CA
State of CA
N/A
N/A
On Demand $ 1,168,368
On Demand $ 2,010
NOTE (2)
Sub-Total Investment:
Book Current
Value Yleld
$ 1,168,368 0.28%
$ 2,010 0.28%
$ 1,170,377
YTD Transfers to City's Operating Account (BOW) N/A N/A $ {18 ,436)
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 quarterly.
CASH BALANCES BY FUND
IA -ABALONE COVE MAINT
IA -PORTUGUESE BEND MAINT
OPERATING
EXPENSES/
NOTE (3)
(17,164.28)
(1,271.25)
(18 ,435 .53)
BALANCE
FORWARD
1,089,672 .84
63 ,540.37
1,153,213.21
Total Investment:
Total Investment Weighted Average Return
LAIF-RDA LAIF-IA
2,009 .79 1,168,367.70
2,009.79 1,168,367.70
DEBIT CREDIT
0 .00 1,020.43
0.00 250.82
0.00 1,271 .25
Total Investment:
TOTAL CASH
1,170,377.49
(17,164.28)
0.00
0 .00
(1,271.25)
0 .00
0.00
0.00
1,151,941.96
ENDING
CASH
1 ,088,652.41
63,289 .55
1 ,151,941 .96
1,151 ,941 .96
$ 1,151 ,942
0.28%
RECEIVED
0.00
% Change of
Change In Cash Balance
Ending Cash from Previous
Balance Month-End
(1 ,020 .43) 0%
(250.82) 0%
(1,271 .25) 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 mar1<et values will be reported to vary from book value if the Authority calculated share of total LAI F 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 ,
Dated