IA SR 20250603 C - IA Treasurer Report
IMPROVEMENT AUTHORITY MEETING DATE: 06/03/2025
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration to receive the April 2025 Cash Balances/Monthly Treasurer’s Report.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the April 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 April 2025 (page A-1)
BACKGROUND AND DISCUSSION:
The cash balances of the Improvement Authority increased by $13,639 during the month,
ending with an overall balance of $1,260,247 on April 30, 2025. The increase was due to
Fiscal Year 2024-25 third quarter interest earnings.
1
Investment Local Agency Investment Fund -IA Local Agency Investment Fund -RDA NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
PRELIMINARY MONTHLY TREASURER REPORT
APRIL 2025
Issuer of
Investment
Acquisition
Date
Maturity Market
Date Value
State of CA
State of CA
N/A
N/A
On Demand $ 1,249,109
On Demand $ 2,223 NOTE (2)
Sub-Total Investment:
Book Current
Value Yield
$ 1,249,109 4.28%
$ 2,223 4.28%
$ 1,251,332
YTD Transfers to City's Operating Account (BOW) N/A N/A $ 8,915
BEGINNING BALANCE YTD TRANSFERS TO BOW PLUS: DEPOSITS PLUS: INTEREST EARNINGS* LESS: CURRENT CHECKS ADJUSTMENTS PLUS:TRANSFERS IN LESS: TRANSFERS OUT ENDING BALANCE
*All interest (LAIF) is paid quarterly.
CASH BALANCES BY FUND IA -ABALONE COVE MAINT IA -PORTUGUESE BEND MAINT
OPERATING EXPENSES/ NOTE (3)
8,914.98
8,914.98
BALANCE FORWARD 1,138,558.83 108,049.14 1,246,607.97
Total Investment:
Total Investment Weighted Average Return
LAIF-RDA LAIF-IA 2,199.03 1,235,493.96
24.23 13,615.01
2,223.26 1,249,108.97
DEBIT CREDIT 12,482.10 0.00 1,157.14 0.00 13,639.24 0.00
Total Investment:
TOTAL CASH 1,237,692.99 8,914.98 0.00 13,639.24 0.00 0.00 0.00 0.00 1,260,247.21
ENDING CASH 1,151,040.93 109,206.28 1,260,247.21
1,260,247.21
$ 1,260,247
4.28%
RECEIVED
0.00
% Change of Change In Cash Balance Ending Cash from Previous Balance Month-End 12,482.10 1% 1,157.14 1% 13,639.24 1%
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, f I \) 9JJ '$ \ i� 1/�:::l , Treasurer Dated
A-1