IA SR 20250121 D - IA November Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 01/21/2025
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the November 2024 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the November 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 for October 2024 (page A-1)
BACKGROUND AND DISCUSSION:
The cash balances of the Improvement Authority increased by $99 during the month,
ending with an overall balance of $1,224,8 78 on November 30, 2024. All expenditures
were disbursed in accordance with the Fiscal Year 2024-25 budget, which included
disbursements to Southern California Edison (SCE) for the utility bills.
1
Investment
Local Agency Investment
Fund -IA
Local Agency In vestment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
PRELIM I NARY MONTHLY TREASURER REPORT
NOVEMBER 2024
Issuer of Acqu isition Maturity Market
Investment Date Date Value
State of CA N/A On Demand $ 1,221,290
State of CA N/A On Demand $ 2 ,174
NOTE (2)
Sub-Tota l Investment:
Book Current
Value Yield
$ 1,221 ,290 4.48%
$ 2 ,174 4 .48%
$ 1,223 ,464
YTD Transfers to City 's Operating Account (BOW) N/A N/A $ 1,415
Total Investment: $ 1,224,879
Total Investment Weighted Average Return 4.48%
OPERATING
EXPENSES/
NOTE (3) LAIF -RDA LAIF-IA TOTAL CASH RECEIVED
BEGINNING 8ALANCE 2 ,173 .75 1.22 ·1,290 .02 1,223,46 3.77
YTD TRANSFERS TO BOW 1,315 .96 1,315 .96
PLUS : DEPOSIT S 0 .00
PLUS : INTEREST EARNINGS * 0 .00
LESS :CURRENTCHECKS 99 .02 99 .02
ADJUSTMENTS 0 .00
PLUS :TRANSFERSIN 0 .00
LESS : TRANSFERS OUT 0 .00
END ING BALANCE 1,414 .98 2 ,173 .7 5 1,22 1,290 .02 1,224 ,878 .75 0 .00
*All interest (L A IF) is paid quarterly .
% Change of
Change In Cash Balance
BALANCE ENDING Ending Cash from Previous
CASH BALANCES BY FUND FORWARD DEB IT CRED IT CASH Ba lance Month -End
IA -ABALONE COVE MAINT 1,125,584.17 0 .00 87 .42 1,125 ,496 .7 5 (87.42) 0%
IA -PORTUGUESE BEND MAINT 99 ,195 .56 186.44 0 .00 99 ,382 .00 186.44 0%
1,224 ,779 .73 186.44 87 .42 1,224 ,878 .75 99 .02 0%
Total Investment: 1,224,878 .75
NOTE (1): Includes only the portion attributab le to the Improvement Authority . Improvement Authority monies are combined with
Redevelopment 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 total LAIF assets is less than the
Authority book value .
NOTE (3): Improvem ent Authority does not have an operating account ; the ex penses 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 th is report ;
or omissions of materia l amounts to cause the report to be misleading .
I certify that this report accurate ly reflects all Improvement 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 li quidity and anticipated revenues are avai lab le to meet the Authority's expenditure requirements for the
next six months .
Respectfully submitted ,
Dated
A-1