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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