IA SR 20241217 E - October Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 12/17/2024
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the October 2024 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the October 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 $13,164 during the month,
ending with an overall balance of $1,224,780 on Octobe r 31, 2024. The increase was due
to Fiscal Year 2024-25 first quarter interest earnings. The operating expenses included
disbursements to Southern California Edison (SCE) for the utility bills.
1
CITYOF RANCHO PALOS VERDES
:;;>L
A-1
I nvestment
Loca l Agency Investment
Fund -IA
Loca l Agency Investment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
PRELIM INARY MONTHLY TREASURER REPORT
OCTOBER 2024
Issuer of
I nvestment
Acquisition
Date
Maturity Market
Date Va lue
State of CA
State of CA
N/A
N/A
On Demand $ 1,221,290
On Demand $ 2 ,174
NOTE (2)
Sub-Tota l Investment:
Book Current
Va lue Yield
$ 1,221 ,290 4 .52%
$ 2 ,174 4 .52%
$ 1,223,464
YTD Transfers to City's Operating Account (BOW) N/A N/A $ 1,316
Tota l I nvestment: $ 1,224,780
Tota l Investment Weighted Average Return 4 .52%
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
BEGINNING BALANCE 2,148 .27 1,206,976.65 1,209 ,124.92
YTD TRANSFERS TO BOW 2,490.69 2 ,490 .69
PLUS : DEPOS ITS 0 .00
PLUS : INTEREST EARNINGS* 25.48 14 ,313 .37 14 ,338.85
LESS:CURRENTCHECKS (1 ,174 .73) (1 ,174.73)
ADJUSTMENTS 0.00
PLUS :TRANSFERS IN 0 .00
LESS : TRANSFERS OUT 0 .00
ENDING BALANCE 1,315.96 2,173 .75 1,221 ,290 .02 1,224,779.73 0 .00
*A ll interest (LAIF) is paid quarterly.
% Change of
Change In Cash Ba lance
BALANCE ENDING Ending Cash from Previous
CASH BALANCES BY FUND FORWARD DEBIT CREDIT CASH Balance Month-End
IA -ABALONE COVE MAINT 1,113 ,202 .29 13 ,198 .82 816.94 1 ,125 ,584 .17 12,381.88 1%
IA -PORTUGUESE BEND MA/NT 98,413.32 1,140 .03 357 .79 99,195.56 782 .24 1%
1,211 ,615.61 14,338 .85 1,174 .73 1,224 ,779 .73 13 ,164.12 1%
Total Investment: 1,224 ,779.73
NOTE (1): Includes only the portion att ributable 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 va lue if the Authority calculated share of total LA IF assets is less than the
Authority book value .
NOTE (3): Improvement Authority does not have an operating account ; the expenses are paid from the City's operating account and all ocated 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 material 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 liquid ity and anticipated revenues are ava il able to meet the Authority's expenditure requirements for the
next six months .
Respectfully submitted ,
Treasu~r~ Dated \