IA SR 20230207 E - IA Nov 2022 Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 02/07/2023
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the November 2022 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the November 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 $1,145,745 on November 30, 2022. The decrease was
due to operating expenses, which included disbursements to Southern California Edison
(SCE) for utility bills.
1
Investment
Local Agency Investment
Fund -IA
Local Agency Investment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEM EN T AUTHORITY
MONTHLY TREASURER REPORT
NOVEMBER 2022
Issuer of
Investment
Acquis ition
Date
Maturity Market
Date Value
State of CA
State of CA
NIA
NIA
On Demand $ 1,161,415
On Demand $ 2,022
NOTE (2)
Sub-Total Investment:
Book Current
Value Yield
$ 1,161,415 2 .01%
$ 2,022 2 .01%
$ 1,163,437
YTD Transfers to City's Operating Account (BOW) N/A NIA $ (17 ,692)
Total Investment: $ 1,145,745
Total I nvestment Weighted Average Return 2.01%
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
BEGINNING BALANCE 2,022.00 1,161,415.14 1,163,437.14
YTD TRANSFERS TO BOW (17,381.47) (17,381.47)
PLUS : DEPOSITS 0.00
PLUS: INTEREST EARNINGS* 0.00
LESS: CURRENT CHECKS (15,369.56) (15,369.56)
ADJUSTMENTS 15,059.04 15,059.04
PLUS:TRANSFERSIN 0 .00
LESS: TRANSFERS OUT 0 .00
ENDING BALANCE (17,691.99) 2 ,022.00 1,161 ,415 .14 1,145,745.15 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 ,209.01 14,003.32 14 ,464.40 1,073 ,747.93 (461.08) 0%
IA -PORTUGUESE BEND MAINT 71 ,846.66 1,055.72 905.16 71,997.22 150.56 0%
1,146,055.67 15,059.04 15,369.56 1 ,145,745.15 (310.52) 0%
Total Investment: 1,145,745.15
NOTE (1): lndudes 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 ,
[ill~.#'::::'. Tr
A-1