IA SR 20221101 E - September Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 11/01/2022
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the September 2022 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the September 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 increased by $748 during the month,
ending with an overall balance of $1,143,531 on September 30, 2022. The increase was
due to the quarterly interfund transfer in accordance with the Fiscal Year 2022-23 budget.
The operating expenses included disbursements to Southern California Edison (SCE) for
the utility bills.
1
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
SEPTEMBER 2022
Issuer of
Investment
Acquisition
Date
Maturity Market
Date Value
State of CA
State of CA
N/A
N/A
On Demand $ 1,157,477
On Demand $ 2,015
NOTE (2)
Sub-Total Investment:
Book Current
Value Yield
$ 1,157,477 1.51%
$ 2,015 1.51%
$ 1,159,492
YTD Transfers to City's Operating Account (BOW) N/A N/A $ (15,961 l
Total Investment: $ 1,143,531
Total Investment Weighted Average Return 1.51%
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
BEGINNING BALANCE 2 ,015 .14 1,157,476.69 1,159,491 .83
YTD TRANSFERS TO BOW (16,709.13) (16,709.13)
PLUS: DEPOSITS 0.00
PLUS: INTEREST EARNINGS* 0.00
LESS : CURRENT CHECKS (3,001.80) (3,001 .80)
ADJUSTMENTS 3,750.00 3,750.00
PLUS:TRANSFERSIN 0.00
LESS: TRANSFERS OUT 0.00
ENDING BALANCE (15,960.93) 2,015.14 1,157,476.69 1,143,530.90 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 ,074,261.21 0.00 2,672.38 1 ,0 71,588.83 (2 ,672 .38) 0%
IA • PORTUGUESE BEND MAINT 68 ,521 .49 3,750.00 329.42 71,942.07 3,420.58 5%
1,142,782.70 3 ,750.00 3,001.80 1,143,530.90 748.20 0%
Total Investment: 1,143,530.90
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 ,
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