IA SR 20240416 E - IA Feb 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 February 2024 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the February 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 decreased by $274 during the month,
ending with an overall balance of $1,184,650 on February 29, 2024. The decrease was
due to operating expenses, which included disbursements to Southern California Edison
(SCE) for utility bills.
1
Investment
Loca l Agency Investment
Fund -IA
Local Agency Investment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
FEBRUARY 2024
Issuer of
Investment
Acquisition
Date
Maturity Market
Date Value
State of CA
State of CA
NIA
N/A
On Demand $ 1,185,787
On Demand $ 2,102
NOTE (2)
Sub-Tota l Investment:
Book Current
Va l ue Yield
$ 1,185 ,787 4 .12%
$ 2 ,102 4 .12%
$ 1,187 ,889
YTD Transfers to City's Operating Account (BOW) NIA N/A $ (3 ,239)
BEGINNING BALANCE
YTD TRANSFERS TO BOW
PLUS: DEPOSITS
PLUS: INTEREST EARNINGS*
LESS: CURRENT CHECKS
ADJUSTMENTS
PLUS:TRANSFERSIN
LESS : TRANSFERS OUT
ENDING BALANCE
*All interest (LAIF) is paid quarterly .
CASH BALANCES BY FUND
IA -ABALONE COVE MA INT
IA -PORTUGUESE BEND MAINT
OPERATING
EXPENSES/
NOTE (3)
(2 ,964 :93)
(273 .77)
(3 ,238 .7 0)
BALANCE
FORWARD
1,098 ,309.71
86 ,614 .34
1,184 ,924 .05
Total Investment:
Total Investment Weighted Average Return
LAIF -RDA LA IF-IA
2 ,101 .84 1,185 ,787 .14
2 ,101 .84 1,185 ,78 7.14
DEBIT CREDIT
0 .00 191 .13
0.00 82 .64
0.00 273 .77
Total Investment:
TOTAL CASH
1,187 ,888 .98
(2 ,964 .93)
0 .00
0 .00
(2 73 .77)
0.00
0 .00
0 .00
1,184 ,650.28
ENDING
CASH
1,098 ,118 .58
86 ,531.70
1,184 ,650 .28
1,184 ,650 .28
$ 1,184,650
4.12%
RECEIVED
0 .00
% Change of
Change In Cash Balance
Ending Cash from Previous
Balance Month-End
(191 .13) 0%
(82 .64) 0%
(273 .77) 0%
NOTE (1): Includes 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 va lue if the Authority calculated share of total LA IF assets is less than the
Authority book va lue .
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 accurate ly 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 avai lable to meet the Authority's expenditure requirements for the
next six months .
Res ~ef tfully submitted ,
~§1:(
Treasurer
A-1