IA SR 20240903 C - Treasurer Report July 2024 IA
IMPROVEMENT AUTHORITY MEETING DATE: 09/03/2024
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the July 2024 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the July 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 $10,831 during the month,
ending with an overall balance of $1,210,785 on July 31, 2024. The increase was due to
Fiscal Year 2023-24 fourth-quarter interest earnings. Operating expenses included
disbursements to Southern California Edison (SCE) for utility bills.
1
RANCHO PALOS VERDES
A-1
I nvestment
Loca l Agency Investment
Fund -IA
Local Agency Investment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
PRELIM I NARY MONTHLY TREASURER REPORT
JULY 2024
Issuer of Acqu is it ion Maturity Market
Investment Date Date Value
State of CA N/A On Demand $ 1,206 ,977
State of CA NIA On Demand $ 2 ,148
NOTE (2)
Sub-Tota l Investment:
Book Current
Va lue Yie ld
$ 1,206 ,977 4.52%
$ 2,148 4 .52%
$ 1,209 ,125
YTD Transfers to City's Operating Account (BOW) N/A N/A $ 1,660
BEG INNING 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 MAINT
IA -PORTUGUESE BEND MAINT
OPERATING
EXPENSES/
NOTE (3)
4 ,372 .74
(2 ,712 .99)
1,659.75
BALANCE
FORWARD
1,105,306.90
94 ,647.12
1,199 ,954 .02
Tota l I nvestment:
Tota l Investment Weighted Average Return
LA IF-RDA LA IF-IA TOTAL CASH
2,124 .30 1 ,193,456 .98 1,195,581 .28
23 .97 13,519.67
2,148.27 1,206 ,976.65
DEB IT CRED IT
12,500.81 2 ,245 .53
1,042.83 467 .46
13,543.64 2 ,712 .99
Tota l Investment:
4 ,372.74
0.00
13 ,543 .64
(2 ,712 .99)
0.00
0.00
0 .00
1,210 ,784 .67
ENDING
CASH
1,115,562.18
95,222 .49
1,210 ,784.67
1,210 ,784 .67
$ 1,210,785
4 .52%
RECE IVED
0 .00
% Change of
Change In Cash Balance
Ending Cash from Previous
Balance Month-End
10,255 .28 1%
575 .37 1%
10,830 .65 1%
NOTE (1): Includes only the portion attributab le to the Improvement Authority. Improvement Authority monies are combined 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 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 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 mis leading .
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 go verning board . Furthermore, I certify that sufficient
investment liquidity and anticipated revenues are available to meet the Authority's expenditure requirements for the
next six months .
Respectfully submitted ,
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