IA SR 20240507 L - IA March 2024 Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 05/07/2024
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the March 2024 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the March 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 $4,930 during the month,
ending with an overall balance of $1,179,720 on March 31, 2024. The decrease was
mainly due to the disbursement to Abalone Cove Landslide Abatement District for the
Olmsted Road repair and Horan Wells monitoring. Other disbursements included
operating expenses 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
MARCH 2024
Acqu is ition Maturity Market
Date Date Value
N/A On Demand $ 1,185 ,78 7
N/A On Demand $ 2 ,102
NOTE (2)
Sub-Total I nvestment:
Book Current
Va lue Yield
$ 1,185 ,787 4.23%
$ 2 ,102 4 .23%
$ 1,187 ,889
YTD Transfers to City's Operating Account (BOW) N/A N/A $ (8 ,169)
Tota l Investment: $ 1,179,720
Total Investment Weighted Average Return 4 .23%
OPERATING
EXPENSES/
NOTE (3) LA IF-RDA LA IF-IA TOTAL CASH RECEIVED
BEGINNING BALANCE 2 ,101 .84 1,185,787 .14 1,187 ,888 .98
YTD TRANSFERS TO BOW (3 ,238.70) (3 ,238 .70)
PLUS: DEPOSITS 0.00
PLUS : INTEREST EARNINGS* 0.00
LESS : CURRENT CHECKS (8 ,680 .26) (8,680.26)
ADJUSTMENTS 3 ,750 .00 3 ,750 .00
PLUS :TRANSFERS IN 0 .00
LESS: TRANSFERS OUT 0 .00
END ING BALANCE (8 ,168 .96) 2 ,101 .84 1,185 ,787 .14 1,179 ,720 .02 0.00
*All interest (LAIF) is paid quarterly .
% Change of
Change In Cash Ba lance
BALANCE END ING End ing Cash from Previous
CASH BALANCES BY FUND FORWARD DEBIT CREDIT CASH Balance Month-End
IA -ABALONE COVE MA INT 1,098 ,118.58 0 .00 8 ,221 .41 1,089 ,897 .17 (8 ,221.41) -1 %
IA -PORTUGUESE BEND MAINT 86 ,531 .70 3 ,750 .00 458 .85 89 ,822.85 3,291 .15 4%
1,184 ,650.28 3,750 .00 8 ,680 .26 1,179 ,720 .02 (4 ,930 .26) 0%
Total Investment: 1,179 ,720 .02
NOTE (1): Includes only the portion attributab le to the Improvement Authority . Improvement Authority monies are comb ined with
Redeve lopment Agency monies in this LAIF account.
NOTE (2): LA IF market values will be reported to vary from book va lue 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 are pa id from the City's operating account and all ocated according ly
to the Improvement Authority's cash funds .
To the best of my knowledge , there are no misstatements of material amounts within th is report ;
or omissions of material amounts to cause the report to be misleading .
I certify that this report accurate ly reflects all Impro vement Authority investments and comp li es 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 availab le to meet the Authority's expenditure requirements for the
next six months .
Dated
A-1