IA SR 20250304 D - IA January 2025 Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 03/04/2025
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the January 2025 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the January 2025 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 $14,229 during the month,
ending with an overall balance of $1,242,858 on January 31, 2025. The increase was due
to Fiscal Year 2024-25 second quarter interest earnings.
1
Investment
Loca l Agency Investment
Fund -IA
Loca l Agency Investment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
PRELIMINARY MONTHLY TREASURER REPORT
JANUARY 2025
Issuer of Acquisition Maturity Market
Investment Date Date Va lue
State of CA N/A On Demand $ 1,2 35 ,494
State of CA N/A On Demand $ 2 ,199
NOTE (2)
Sub-Total Investment:
Book Current
Va lue Yie ld
$ 1,235 ,494 4 .37%
$ 2 ,199 4 .37%
$ 1,237 ,693
YTD Transfers to City's Operating Account (BOW) N/A N/A $ 5,165
BEG INNING BALANCE
YTD TRANSFERS TO BOW
PLUS : DEPOS ITS
PLUS : INTEREST EARNINGS*
LESS : CURRENT CHECKS
ADJUSTMENTS
PLUS :TRANSFERSIN
LESS : TRANSFERS OUT
ENDING BALANCE
*A ll interest (LAIF) is paid quarterly.
CASH BALANCES BY FUND
IA -ABALONE CO V E MA INT
IA -PORTUGUESE BEND MAINT
OPERAT ING
EXPENSES/
NOTE (3)
5 ,164.98
5 ,164.98
BALANCE
FORWARD
1,125,496.75
103,132 .00
1,228,628.75
Total I nvestment:
Tota l Investment Weighted Average Return
LAIF-RDA LAIF-IA
2,173 .75 1,221 ,290 .02
25.28 14 ,2 03 .94
2 ,199 .03 1,235 ,493 .96
DEBIT CRED IT
13 ,062 .08
1,167 .14
14 ,229 .2 2 0 .00
Total Investment:
TOTAL CASH
1,223 ,463 .77
5,164.98
0 .00
14,229.22
0 .00
0 .00
0 .00
0 .00
1,242,857 .97
ENDING
CASH
1,138 ,558 .83
104,299.14
1,242 ,857 .97
1,242,857 .97
$ 1,242,858
4 .37%
RECE IVED
0 .00
% Change of
Change In Cash Ba lance
End ing Cash from Previous
Balance Month-End
13 ,062 .08 1%
1,167 .14 1%
14 ,229 .22 1%
NOTE (1): Includes on ly the portion attributab le to the Improvement Authority . Improvement Authority monies are combined with
Redeve lopment Agency monies in this LAIF account.
NOTE (2): LA IF market values will be reported to vary from book value if the Authority calcu lated share of total LAIF assets is less than the
Authority book va lue .
• 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 th is 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 li es 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 available to meet the Authority's expenditure requirements for the
next six months .
Respectfu ll y submitted,
\kb 2Ju\~
Treasurer Dated
A-1