IA SR 20250401 D - IA February Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 04/01/2025
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the February 2025 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the February 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: Catherine Jun, Deputy City Manager on behalf of 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 have no transactions with the ending
balance at $1,242,858 on February 28, 2025. The invoices for general operational
services were not received due to the timing of the billing.
1
A-1
Investment
Local Agency Investment
Fund -IA
Local Agency Investment
Fund -RDA
NOTE(1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
PRELIMINARY MONTHLY TREASURER REPORT
FEBRUARY 2025
Issuer of
In vestment
Acqu isition
Date
Maturity Market
Date Value
State of CA
State of CA
NIA
N/A
On Demand $ 1,235,494
On Demand $ 2 ,199
NOTE (2)
Sub-Total Investment:
Book Current
Value Yie ld
$ 1,235,494 4.33%
$ 2,199 4 .33%
$ 1,237 ,693
YTD Transfers to City's Operating Account (BOW) N/A N/A $ 5,165
Tota l Investment: $ 1,242,858
Total Investment We ighted Average Return 4 .33%
OPERAT ING
EXPENSES/
NOTE (3) LAIF -RDA LA IF-IA TO TAL CASH RECE IVED
BEG INN IN G BALANCE 2 ,199 .03 1,235 ,49 3.96 1,237 ,692 .99
YTD TRANSFERS TO BOW 5 ,164 .98 5 ,164 .98
PLUS : DEPOS ITS 0.00
PLUS: INTERE ST EARNING S* 0.00
LESS :CURRENTCHECKS 0 .00
AD JUSTMENTS 0 .00
PLUS :TRANSFERS IN 0.00
LESS: TRANSFERS OUT 0 .00
END ING BALANCE 5,164.98 2,199 .03 1,23 5,493 .96 1,242,857 .97 0.00
*All interest (LAIF) is paid quarterly .
% Change of
Change In Cash Balance
BALAN C E ENDING Ending Cash from Previous
CASH BALANCES BY FUND FORWARD DEB IT CREDIT CASH Ba lance Month -End
IA -ABALONE COVE MA INT 1,138 ,558 .83 1,138,558 .83 0 .00 0%
IA -PORTUG UESE BEND MAINT 104 ,299.14 104 ,299 .14 0 .00 0%
1,242 ,857 .97 0.00 0.00 1,242,857 .97 0.00 0%
Tota l Investment: 1,2 42,857 .97
NOTE (1): Includes only the portion attributable to the Improvement Authority . Improvement Authority monies are combined with
Redeve lopment Agency monies in this LAIF account.
NOTE (2): LAIF mark et va lu es will be reported to v ary from book value if the Authority ca lcu lated share of tota l 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 allocated accordingly
to the Im provement 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 reflect s all Improvement Authority investments and complies with the investment
po licy of the Improvement Authority as approved by the governing board . Furthermore , I certify that suffi c ient
investment liquidity and anticipated revenues are availab le to meet the Authority's expenditure requirements for the
ne xt si x months .
Respectfully submitted ,
TreaUR!o