IA SR 20240604 D - IA April Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 06/04/2024
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the April 2024 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the April 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 $12,521 during the month,
ending with an overall balance of $1,192,241 on April 30, 2024. The increase was due to
Fiscal Year 2023-24 third quarter interest earnings. The operating expenses included
disbursements to Southern California Edison (SCE) for the utility bills.
1
Investment
Local Agency Investment
Fund -IA
Loca l Agency Investment
Fund -RDA
NOTE(1)
RANCHO PALOS VERDES I MPROVEMENT AUTHORITY
MONTHLY TREASURER REPORT
APRIL 2024
Issuer of Acquis ition Maturity Market
I nvestment Date Date Va lue
State of CA N/A On Demand $ 1,198 ,457
State of CA NI A On Demand $ 2 ,124
NOTE (2)
Sub-Tota l I nvestment:
Book Current
Va lue Y ield
$ 1 ,198 ,457 4 .27%
$ 2,1 24 4.27%
$ 1,200,581
YTD Transfers to City's Operating Account (BOW) N/A N/A $ (8 ,340)
Total Investment: $ 1,192,241
Tota l Investment Weighted Average Return 4 .27%
OPERAT ING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECE IVED
BEG INNING BALANCE 2 ,101 .84 1,185 ,787 .14 1 ,187 ,888.98
YTD TRANSFERS TO BOW (8 ,168.96) (8 ,168.96)
PLUS: DEPOSITS 0 .00
PLUS: INTEREST EARNINGS* 22.46 12 ,669 .84 12 ,692 .30
LESS: CURRENT CHECKS (171.48) (171 .48)
ADJUSTMENTS 0 .00
PLUS:TRANSFERS IN 0 .00
LESS : TRANSFERS OUT 0 .00
ENDING BALANCE (8 ,340.44) 2 ,124 .30 1,198,456 .98 1,192 ,240 .84 0 .00
*All interest (LA IF) is paid quarterly.
% Change of
Change In Cash Ba lance
BALANCE END ING End ing Cash from Previous
CASH BALANCES BY FUND FORWARD DEBIT CRED IT CASH Balance Month -End
IA -ABALONE COVE MAINT 1,089,897.17 11 ,751 .92 109 .43 1 ,101 ,539 .66 11 ,642.49 1%
IA -PORTUGUESE BEND MA INT 89 ,822 .85 940 .38 62 .05 90 ,701.18 878 .33 1%
1,179 ,720 .02 12 ,692.30 171.48 1,192 ,240 .84 12 ,520.82 1%
Total Investment: 1,192 ,240 .84
NOTE (1): Includes on ly the portion attributab le to the Improvement Authority . Improvement Autho rity monies are combined with
Redeve lopment Agency monies in this LAIF account.
NOTE (2): LAIF market values will be reported to vary from book value if the Authority calculated share of tota l LAIF 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 all ocated according ly
to the Improvement Authority's cash funds .
To the best of my know ledge , there are no misstatements of material amounts w ithin this report ;
or omissions of material amounts to cause the report to be misleading .
I certify that this report accurately reflects all Improvement Authority investments and comp lies with the investment
policy of the Improvement Authority as approved by the governing board. Furthermore , I certify that sufficient
investment liquidity and ant icipated revenues are availab le to meet the Authority's expenditure requirements for the
next six months .
Respectfu ll y submitted ,
\f b
Treasurer
A-1