IA SR 20241001 C - August Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 10/01/2024
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the August 2024 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the August 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 $1,334 during the month,
ending with an overall balance of $1,209,451 on August 31, 2024. The decrease was due
to operating expenses, which included disbursements to Southern California Edison
(SCE) for utility bills.
1
CITYOF RANCHO PALOS VERDES
:;;>L
A-1
Investment
Loca l Agency Investment
Fund -IA
Local Agency In vestment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
PRELIM INARY MONTHLY TREASURER REPORT
AUGUST 2024
Issuer of Acquis ition Maturity Market
I nvestment Date Date Va lue
State of CA N/A On Demand $ 1,206,977
State of CA NIA On Demand $ 2,148
NOTE (2)
Sub-Total Investment:
Book Current
Value Yie ld
$ 1,206 ,977 4 .58%
$ 2 ,148 4 .58%
$ 1,209 ,125
YTD Transfers to City 's Operating Account (BOW) N/A N/A $ 326
BEG INNING BALANCE
YTD TRANSFERS TO BOW
PLUS : DEPOS ITS
PLUS : INTEREST EARNINGS*
LESS :CURRENTCHECKS
ADJUSTMENTS
PLUS :TRANSFERSIN
LESS : TRANSFERS OUT
END ING BALANCE
*All interest (LAIF) is paid quarterly .
CASH BALANCES BY FUND
IA -ABALONE COVE MAINT
IA -PORTUGUESE BEND MAINT
OPERATING
EX PENSES/
NOTE (3)
1 ,6~9 75
(1 ,333.77)
325 .98
BALANCE
FORWARD
1,115,56 2.18
95 ,222.49
1 ,210,784 .67
Tota l Investment:
Tota l I nvestment Weighted Average Return
LAIF-RDA LAIF -IA
2 ,148 .27 1,206 ,976 .65
2 ,148 .27 1 ,206 ,976 .65
DEBIT CRED IT
0 .00 1,230 .88
0 .00 102 .89
0 .00 1,333 .77
Total Investment:
TOTAL CASH
1,209 ,124 .92
1,659 .7 5
0 .00
0 .00
(1 ,333 .77)
0 .00
0 .00
0 .00
1,209,450 .90
ENDING
CASH
1,114 ,331 .30
95,119 .60
1,209 ,450 .90
1,209 ,4 50 .90
$ 1,209,451
4 .58%
RECEIVED
0 .00
% Change of
Change In Cash Balance
Ending Cash from Previous
Balance Month -End
(1 ,230 .88) 0%
(102 .89) 0%
(1 ,333 .77) 0%
NOTE (1): In c ludes on ly the port ion attributable to the Improvement Authority . Improvement Authority monies are combin ed with
Red evelopment Agency monies in this LAIF account .
NOTE (2): LAIF market values will be reported to vary from book value if the Autho rity ca lculated share of total LA IF as sets is less than the
Authority book valu e .
NOTE (3): Improvement Authority does not have an operating account; the expenses are pa id 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 materia l amounts to cause the report to be misleading .
I certify that this report accurately reflects all Improvement Authority investments and complies 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 availab le to meet the Authority's expenditure requirements for the
ne xt six months .
Respectfully submitted ,
\I&
Treasurer Dated