IA SR 20230919 C - IA July 2023 Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 09/19/2023
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the July 2023 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the July 2023 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: Vina Ramos, Interim 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 $8,927 during the month,
ending with an overall balance of $1,164,917 on July 31, 2023. The increase was due to
Fiscal Year 2022-23 fourth quarter interest earnings. The operating expenses included
disbursements to Southern California Edison (SCE) for the utility bills.
1
RANCHO PALOS VERDES
V (L
A-1
Investment
Local Agency lnvestmen
Fund -IA
Local Agency Investment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES I MPROVE MENT AUTHORI TY
MONTHLY TREASURER REPORT
JULY 2023
Issuer of Acqu isition Maturity Market
Investment Date Date Value
State of CA N/A On Demand $ 1.163 ,501
Slate of CA N/A On Demand $ 2 ,062
NOTE (2)
Sub-Total Investment:
Book Current
Velue Yield
$ 1,163,501 3.31%
$ 2 ,062 3.31%
$ 1,165,563
YTD Tronsfers to City's Operating Account (BOW) N/A NIA $ (646)
BEGIN NING BALANCE
YTO TRANSFERS TO BOW
PLUS. DEPOSITS
PLUS: INTEREST EARNINGS'
LESS : CURRENT CHECKS
ADJUSTMENTS
PLUS TRA NSFERS IN
LESS TRANSFERS OUT
ENDING BALANCE
'All interest (LAIF) Is paid quarterly.
CASH BALANCES BY FlJ ND
IA • ABAL ONE COVE MAINT
IA -PORTUGUESE BEND MAINT
OPERATING
EXPENSES/
NOTE (3)
(406 .89)
(239.08)
(645.97)
BALANCE
FORWARD
1,077,001 ,51
78,988 .83
1,155,990.34
Total Investment:
Total Investment Weighted Average Return
LA IF -RDA LAIF-IA
2 ,046.26 1 ,164 ,350.97
16.07 9,150.17
2.062.33 1 ,163 ,501 , 14
DEBIT CREDIT
8 ,556.18 173.48
610.06 65.60
9 ,166.24 239 .08
Total Investment.
TOTAL CASH
1 , 156,397 .23
(406.89)
0 .00
9,166 .24
(239.08)
0 .00
0 .00
0 .00
1,1 64 ,917 .50
8 DING
CASH
1,085,364.21
79,533.29
1,1 64 ,917 .50
1 ,164,91 7.50
$ 1,164,918
3 .31%
RECEIVED
0.00
% Change of
Change In Cash Balance
End ing Cash from Previous
Balance Month-End
8 ,382.70 1%
544 ,46 1%
8 ,927.16 1%
NOTE {1): Includes only the portion att ributabl e to the Improvement Authority. Improvement Authority monies are combined with
Redevelopment Age ncy monies in this LAIF ac<:OUnt.
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 boo!( value .
NOTE (3): lmprovemen Authority does not have an operatin g account: the expenses are paid from the City's operating account and allocated according ly
to the Improvement Authority's cash funds .
To the best of my knowledge, th ere are no misstatements of material amounts within this report;
or omissions or material amounts to cause the report to be m fsleading .
I certify that this report accurately reflects aR i mprovement Au1horfty investments and comprtes with the investment
poUcy of the Improvement Authority as approved by the governing board. Furthermore, I certify that sufficlenl
investment liquidity and anticipated revenues are available to meet the Authori ty's expenditure requ irements for the
next six months.
Respectfully submitted.
,J&
Treasurer Dated