IA SR 20260317 G - IA January Treasury Report
IMPROVEMENT AUTHORITY MEETING DATE: 03/17/2026
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consider the January 2026 Cash Balances/Monthly Treasurer’s Report for the City’s Joint
Powers Improvement Authority.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the January 2026 Cash Balances/Monthly Treasurer’s Report for
the City’s Joint Powers Improvement Authority.
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 January 2026 (page A-1)
BACKGROUND AND DISCUSSION:
This monthly report summarizes the cash balance and investments for the month of
January 2026 for the Joint Powers Improvement Authority (Improvement Authority), which
includes the Abalone Cove Permanent Fund and the Portuguese Bend Special Revenue
Fund. A separate report is prepared each month for the City’s General Fund, Capital
Infrastructure Program Fund, Special Revenue Funds, and Other Funds (see separate
agenda report on this evening’s Consent Calendar).
Summary of Cash and Investments by Fund
As of January 31, 2026, the cash balance of the Abalone Cove Permanent Fund
increased by $12,307, bringing the balance to $1,188,465. The increase was due to Fiscal
Year 2025-26 second quarter interest earnings. This amount is invested in the Local
Agency Investment Fund (LAIF) with an average interest rate of approximately 4%.
1
Similarly, the cash balance of the Portuguese Bend Special Revenue Fund increased by
$1,200 for the same reason with the ending balance at $115,720.
CONCLUSION:
Staff recommend that the Improvement Authority receive and file the Treasurer’s Report
ending January 2026 for the City’s Joint Powers Improvement Authority.
ALTERNATIVES:
In addition to staff’s recommendation, the following alternative action is available for the
Improvement Authority’s consideration:
1. Take other action, as deemed appropriate.
2
Investment
Local Agency Investment
Fund -IA
Local Agency Investment
Fund -RDA
NOTE(1)
RANCHO PALOS VERDES IM PROVEMENT AUTHORITY
JANUARY TREASURER REPORT
Issuer of
Investment
State of CA
State of CA
Acquisition
Date
N/A
N/A
Maturity Market
Date Value
On Demand $ 1,290,087
On Demand $ 2,296
NOTE (2)
Sub-Total Investment:
Book Current
Value Yield
$ 1,290,087 3.93%
$ 2,296 3.93%
$ 1,292 ,383
YTD Transfers to City's Operat in g Account (BOW) N/A N/A $ 11,802
Tota l Investment: $ 1,3 04,185
Total Investment Weighted Average Return 3.93%
OPERAT IN G
EXPENSES/
NOTE (3) LAIF -R DA LA IF-IA TOTAL CASH RECEIVED
BEG INNING BALANCE 2 ,272.17 1,276 ,588 .80 1,278 ,860.97
YTD TRANSFERS TO BOW 11 ,817.02 11 ,817.02
PLUS: DEPOS ITS 0.00
PLUS: INTEREST EARNINGS* 24.03 13 ,498.18 13 ,522.21
LESS: CURRENT CHECKS (14.98) (14.98)
ADJUSTMENTS 0.00
PLUS:TRANSFERSIN 0.00
LESS : TRANSFERS OUT 0.00
END ING BALANCE 11 ,802.04 2 ,296.20 1,290,086 .98 1,304 ,185.22 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 DEB IT CREDIT CASH Balance Month-End
IA -ABALONE COVE MA INT 1,176 ,157.64 12 ,322.40 14 .98 1,188,465.06 12 ,307.42 1%
IA -PORTUGUESE BEND MA INT 114 ,520.35 1,199 .81 0.00 115 ,72 0 .16 1,199.81 1%
1,290,677.99 13,522.21 14 .98 1,304 ,185 .22 13 ,507 .23 1%
Total Investment: 1,304 ,185 .22
NOTE (1): In cludes only the portio n attributable to the Improvement Authority. Improv eme nt Authority monies are comb in ed with
Redevelopment Agency monies in this LAIF account.
NOTE (2): LA IF market values will be reported to va ry from book va lu e if the Authority ca lcu lated share of total LAIF assets is less than the
Authority book value .
NOTE (3): Im provement Autho rity does not have an operating account; the expenses are pa id from the City's operating account and all ocated according ly
to the Im provement Authority's cash funds .
To the best of my knowledge , there are no misstatements of materia l amounts within this report ;
or omiss ions of materia l amounts to cause the report to be misleading .
I certify that this report accurately refle cts all Improvement Authority investments and complies with the investment
policy of the Im pro vement Authority as approved by the governing board. Furthermore, I certify that sufficient
investment liqui dity and anticipated revenues are avai lable to meet the Authority's expend iture requirements for the
next six months .
Respectfu ll y submitted ,
A-1