IA SR 20231219 F - October Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 12/19/2023
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the October 2023 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the October 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, 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 increased by $9,479 during the month,
ending with an overall balance of $1,172,041 on October 31, 2023. The increase was due
to Fiscal Year 2023-24 first quarter interest earnings. The operating expenses included
disbursements to Southern California Edison (SCE) for the utility bills.
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RANCHO PALOS VERDES
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