IA SR 20250506 F - IA March Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 05/06/2025
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration to receive the March 2025 Cash Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the March 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 March 2025 (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 $1,246,608 on March 31, 2025. The increase was due
to Fiscal Year 2024-25 third quarter interfund transfers.
1
Investment
Local Agency Investment
Fund -IA
Local Agency Investment
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
PRELIMINARY MONTHLY TREASURER REPORT
MARCH 2025
Issuer of
Investment
Acquisition
Date
Maturity Market
Date Value
State of CA N/A On Demand $ 1,235,494
State of CA N/A On Demand $ 2,199
NOTE (2)
Sub-Total Investment:
Book Current
Value Yield
$ 1,235,494 4.31%
$ 2,199 4.31%
$ 1,237,693
YTD Transfers to City's Operating Account (BOW) N/A N/A $ 8,915
Total Investment: $ 1,246,608
Total Investment Weighted Average Return 4.31%
OPERATING
EXPENSES/
NOTE (3) LAIF-RDA LAIF-IA TOTAL CASH RECEIVED
BEGINNING BALANCE 2,199.03 1,235,493.96 1,237,692.99
YTD TRANSFERS TO BOW 5,164.98 5,164.98
PLUS: DEPOSITS 0.00
PLUS: INTEREST EARNINGS* 0.00
LESS: CURRENT CHECKS 0.00
ADJUSTMENTS 3,750.00 3,750.00
PLUS:TRANSFERS IN 0.00
LESS: TRANSFERS OUT 0.00
ENDING BALANCE 8,914.98 2,199.03 1,235,493.96 1,246,607.97 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 CREDIT CASH Balance Month-End
IA -ABALONE COVE MAINT 1,138,558.83 0.00 0.00 1,138,558.83 0.00 0%
IA -PORTUGUESE BEND MAINT 104,299.14 3,750.00 0.00 108,049.14 3,750.00 4%
1,242,857.97 3,750.00 0.00 1,246,607.97 3,750.00 0%
Total Investment: 1,246,607.97
NOTE (1): Includes only the portion attributable 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): Improvement Authority does not have an operating 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 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 complies 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.
Respectfully submitted, \h Treasurer -.
1\�q\r(
Dated
A-1