IA SR 20240416 D - IA Jan 2024 Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 04/16/2024
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the January 2024 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the January 2024 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 $10,338 during the month,
ending with an overall balance of $1,184,924 on January 31, 2024. The increase was due
to Fiscal Year 2023-24 second quarter interest earnings. Operating expenses included
disbursements to Southern California Edison (SCE) for utility bills.
1
Investment
Local Agency Investment
Fund -IA
Loca l Agency Investment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
Issuer of
Investment
State of CA
State of CA
JANUARY 2024
Acquis ition Maturity Market
Date Date Va lue
N/A On Demand $ 1,185 ,787
N/A On Demand $ 2 ,102
NOTE (2)
Sub-Total Investment:
Book Current
Va lue Y ield
$ 1,185 ,787 4.01%
$ 2,102 4.01%
$ 1,187 ,889
YTD Transfers to City's Operating Account (BOW) N/A N/A $ (2 ,965)
Tota l Investment: $ 1,184,924
Tota l I nvestment Weighted Average Return 4.01%
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECE IVED
BEGINNING BALANCE 2 ,080.93 1,173 ,993 .02 1,176 ,073 .95
YTD TRANSFERS TO BOW (1 ,488.12) (1 ,488 .12)
PLUS: DEPOS ITS 0.00
PLUS : INTEREST EARNINGS * 20.91 11 ,794 .12 11 ,815 .03
LESS: CURRENT CHECKS (1 ,476 .81) (1 ,476 .81)
ADJUSTMENTS 0 .00
PLUS:TRANSFERSIN 0 .00
LESS : TRANSFERS OUT 0.00
END ING BALANCE (2 ,964.93) 2 ,101 .84 1,185 ,787 .14 1,184,924.05 0.00
*A ll interest (LA IF) 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 MA INT 1,088 ,491 .19 10 ,971 .92 1,153 .40 1,098 ,309.71 9 ,818 .52 1%
IA -PORTUGUESE BEND MA INT 86 ,094.64 843.11 323 .41 86 ,614 .34 519 .70 1%
1,174 ,585 .83 11 ,815 .03 1,476 .81 1,184,924 .05 10 ,338 .22 1%
Total Investment: 1,184 ,924 .05
NOTE (1): Includes only the portion attributable to the Improvement Authority . Improvement Authority monies are combined with
Redeve lopment Agency monies in this LAIF account.
NOTE (2): LAIF market va lues will be reported to vary from book va lue if the Authority calculated share of tota l LA IF 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 accord ing ly
to the Improvement Authority's cash funds .
To the best of my know ledge , there are no misstatements of material amounts within this report :
or omissions of material amounts to cause the report to be mislead ing .
I certify that this report accurately reflects all Improvement Authority investments and comp lies with the investment
po licy 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 requ irements for the
next six months .
Dated \
A-1