IA SR 20250204 C - December Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 02/04/2025
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the December 2024 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the December 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 December 2024 (page A-1)
BACKGROUND AND DISCUSSION:
The cash balances of the Improvement Authority increased by $3,750 during the month,
ending with an overall balance of $1,22 8,629 on December 31, 2024. The increase was
due to Fiscal Year 2024-25 second quarter interfund transfers.
1
CITYOF RANCHO PALOS VERDES
:;;>L
A-1
Investment
Loca l Age ncy Investment
Fund -IA
Local Agency Investment
Fund -RDA
NOTE(1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
PRELIM INARY MONTHLY TREASURER REPORT
DECEMBER 2024
Issuer of
I nvestment
Acqu isition
Date
Maturity Market
Date Value
State of CA
State of CA
N/A
N/A
On Demand $ 1,221 ,290
On Demand $ 2 ,174
NOTE (2)
Sub-Total Investment:
Book Current
Value Y ie ld
$ 1 ,221 ,290 4 .43%
$ 2 ,174 4 .43%
$ 1,223,464
YTD Transfers to City's Operating Account (BOW) N/A N/A $ 5 ,165
Tota l Investment: $ 1,228,629
Tota l Investment Weighted Average Return 4 .43%
OPERATING
EXPENSES/
NOTE (3) LAIF -RDA LAIF -IA TOTAL CASH RECEIVED
BEG INN ING BALANCE 2 ,173.75 1 ,221 ,290 .02 1,223,463 .77
YTD TRANSFERS TO BOW 1,414.98 1 ,414 .98
PLUS : DEPOSITS 0 .00
PLUS : INTEREST EARNING S* 0 .00
LESS : CURRENT CHECKS 0 .00
ADJUSTMENTS 3,750.00 3 ,750 .00
PLUS :TRANSFERS IN 0 .00
LESS : TRANSFERS OUT 0 .00
END ING BALANCE 5 ,164 .98 2 ,173 .7 5 1 ,221 ,2 90 .02 1,228 ,628 .75 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 CRED IT CASH Balance Month -End
IA -ABALONE COVE MA INT 1 ,125 ,496 .75 0 .00 0 .00 1,125,496 .75 0 .00 0%
IA -PORTUGUESE BEND MAINT 99 ,382 .00 3 ,750 .00 0 .00 103,1 32.00 3,750 .00 4 %
1,224,878 .75 3,750 .00 0 .00 1 ,228 ,628 .75 3 ,750 .00 0%
Tota l Investment: 1,228 ,628 .75
NOTE (1): Includes only the portion attributable to the Improvement Authority . Improve ment Autho rity monies are combined with
Redevelopment Agency mon ies in this LAIF account.
NOTE (2): LAIF market values wi ll be re ported to vary from book value if the Authority calculated share of total LAIF as sets is less than th e
Authority book value .
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 with in this report ;
or omissions of materia l amounts to cause the report to be mislead ing .
I certify that this report accurately reflects all Improve ment Authority investments and complies with the investment
po li cy of the Improvement Authority as approved by the governing board . Furthermore , I certify that sufficie nt
investment li quidity and anticipated revenues are availab le to meet the Authority's expenditure requirements for the
next six months .
Respectfully submitted ,
ll'~ Treasrer