IA SR 20231205 J - Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 12/05/2023
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the September 2023 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the September 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 VR
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 $2,068 during the month,
ending with an overall balance of $1,162,562 on September 30, 2023. The decrease was
due to operating expenses, which included disbursements to Southern California Edison
(SCE) for utility bills.
1
RANCHO PALOS VERDES
A-1
Inve stment
Local Agency Investment
Fu nd -IA
Local Agency Investment
Fund -RDA
NOTE {1)
RANC HO PALOS VERDES IMPROV EMENT AUTHORITY
MONTHLY TREASURER REPORT
SEPTEMBER 2023
Issuer of
Investment
Acquisition
Da te
M aturity Market
Date Value
State of CA
State of CA
NIA
NIA
On Demand $ 1,163,501
On Demand $ 2 .062
NOTE (2)
Sub-Total Investment:
Boo k Current
Va lue Yield
$ 1,163,501 3.53%
s 2,062 3.53%
s 1,165.563
YTD Transfers to City's Operating Account (BOW) NIA N/A s (3,001)
Total Investment: $ 1,162,562
Total Investm ent W eighted Average Return 3.53%
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LA\F -IA TOTAL CASH RECEIVED
BEG INNING BALANCE 2,062.33 1,163,501 .14 1,165.663.47
YTD T RANSFERS TO BOW (933.41) (933.41)
PLUS: DEPOSITS 0 .00
PLUS : INTEREST EARNINGS• 0 .00
LESS· CURRENT CHECKS (6 ,985.68) (6,985 .68)
ADJUSTM ENTS 4 ,917.67 4 ,917.67
PLUS:TRANSFERSIN 0 .00
LESS: TRANSFERS OUT 0 .00
ENO! G BALANCE (3.001.42) 2,062 .33 1, 163 ,501 .1 ◄ 1,162,562.05 0.00
'All l nteresl (LAIF) Is paid quarterl y.
% Change of
Change In Cash Balance
BALANCE ENDING Ending Cash from Previous
CASH BALANCES B V FUND FORWARD DEB IT CREDIT CASH Ba lance Month-End
IA · ABALONE COVE M.~INT 1,085,168.72 0 .00 4,300 .17 1,080 ,868.55 (4 ,300.17) 0%
IA · PORTUGU ESE BENO MAINT 79,461 .34 4 ,917 .67 2.686 51 81 ,693.50 2,232 16 3%
1.164.630.06 4,9 17 .67 6,985.68 1,162,562.05 (2 ,068.01) 0%
Total l nvestmen l: 1,162,562.05
NOTE (1 ): Includes on ly the port ion attributable lo the Improvement Author1ty. Improvement Authority monies are combined with
Redevelopment Agency monies in lhis 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 ere paid from the City's operating account and allocated acco rdingly
to the Improvement Authority's cash funds .
To the best of my knowledge , there are no misstatements of material amounts within thi s report;
or omissi ons of material amounts to cause the report lo be misleading.
I certify that this report accurately reffec:ls all Improvement Authori ty investments and complies with lhe investment
policy of the Improvement Authority as approved by t he g overning board . Furthermore , I certify that sufficient
investment liquidity and an ti ci pated revenues are available to meet the Authority's expenditure requirements for the
next six months.
Respectfully submitted ,
v~ T reasurer Dated