IA SR 20241106 C - IA September Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 11/06/2024
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the September 2024 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the September 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 $2,165 during the month,
ending with an overall balance of $1,211,616 on September 30, 2024. The increase was
due to Fiscal Year 2024-25 first quarter interfund transfers. The operating expenses
included disbursements to Southern California Edison (SCE) for the utility bills.
1
Investment
Local Agency Investment
Fund -IA
Local Agency Investment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
PRELIMINARY MONTHLY TREASURER REPORT
SEPTEMBER 2024
Issuer of
Investment
Acquisition
Date
Maturity Market
Date Value
State of CA
State of CA
N/A
N/A
On Demand $ 1,206 ,977
On Demand $ 2 ,148
NOTE (2)
Sub -Total Investment:
Book Current
Value Yield
$ 1,2 06 ,977 4 .58%
$ 2 ,148 4 .58%
$ 1,209 ,12 5
YTD Transfers to City's Operating Account (BOW) N/A N/A $ 2,491
Total Investment: $ 1,211,616
Total Investment Weighted Average Return 4 .58%
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
BEGINN ING BALANCE 2,148 .27 1,206 ,976 .65 1,209 ,124 .92
YTD TRANSFERS TO BOW 32 5.98 325 .98
PLUS : DEPOSITS 0 .00
PLUS: INTEREST EARNINGS* 0 .00
LESS :CURRENTCHECKS (5 ,989 .77) (5,989 .77)
ADJUSTMENTS 8 ,154 .48 8 ,154.48
PLUS :TRANSFERSIN 0 .00
LESS : TRANSFERS OUT 0 .00
ENDING BALANCE 2 ,490.69 2 ,148 .27 1,206 ,976 .65 1,211 ,615 .61 0 .00
*All interest (LAIF) is paid quarterly .
% Change of
Change In Cash Balance
BALANCE ENDING Ending Cash from Previous
CASH BALANCES BY FUND FORWARD DEBIT CREDIT CASH Balance Month -End
IA -ABALONE COVE MAINT 1,114 ,331 .30 4 ,065 .34 5 ,194 .35 1,113 ,202 .29 (1 ,129 .01) 0%
IA -PORTUGUESE BEND MAINT 95 ,119.60 4,089 .14 795 .42 98 ,413 .32 3 ,293 .72 3%
1,209 ,450 .90 8,154.48 5 ,989 .77 1,211,615 .61 2 ,164 .71 0%
Total Investment: 1,211 ,615 .61
NOTE (1 ): Includes only the portion attributable to the Improvement Authority . Improvement Authority monies are combined with
Redeve lopment Agency monie s in this LA IF account.
NOTE (2): LA IF market values will be reported to vary from book value if the Authority calculated share of total LAIF assets is less than the
Authority book value.
NOTE (3): Improvement Authority does not have an operat ing 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 materia l 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 anticipated revenues are availab le to meet the Authority 's expenditure requirements for the
next si x months .
Respectfully submitted ,
Trea sur)J lq
A-1