IA SR 20260707 C - May 2026 Treasury Report - IA
IMPROVEMENT AUTHORITY MEETING DATE: 07/07/2026
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consider the May 2026 Cash Balances/Monthly Treasurer’s Report for the City’s Joint
Powers Improvement Authority.
RECOMMENDED IMPROVEMENT AUTHORITY ACTION:
(1) Receive and file the May 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 May 2026 (page A-1)
BACKGROUND:
This monthly report summarizes the cash balance and investments for the month of May
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).
DISCUSSION:
Summary of Cash and Investments by Fund
At the end of May 31, 2026, the cash balance of the Abalone Cove Permanent Fund
increased by $22, bringing the balance to $1,199,985. The increase was due to an
adjustment from a prior disbursement to Southern California Edison (SCE) for the utility
1
bills. This amount is invested in the Local Agency Investment Fund (LAIF) with an average
interest rate of approximately 3.8%.
Similarly, the cash balance of the Portuguese Bend Special Revenue Fund remained the
same at $116,844.
CONCLUSION:
Staff recommend that the Improvement Authority receive and file the Treasurer’s Report
ending May 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 In vestment
Fund -IA
Loca l Agency Investme nt
Fund -RDA
NOTE (1)
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
MAY 2026 TREASURER REPORT
Issuer of
Investment
State of CA
State of CA
Acqu is ition
Date
N/A
N/A
Matur ity Market
Date Va lue
On Demand $ 1,302 ,729
On Demand $ 2,319
NOTE (2)
Sub-Tota l Investment:
Book Current
Va lue Y ie ld
$ 1,302 ,729 3.8 1%
$ 2,319 3.8 1%
$ 1,305 ,048
YTD Transfers to City's Operat ing Account (BOW) N/A N/A $ 11 ,781
BEG INN ING BALANCE
YTD TRANSFERS TO BOW
PLUS: DEPOS ITS
PLUS: INTEREST EARNINGS*
LESS: CURRENT CHECKS
ADJUSTMENTS
PLUS:TRANSFERS IN
LESS : TRANSFERS OUT
END ING BALANCE
*A ll interest (LA IF) is pa id quarterly .
CASH BALANCES BY FUND
IA-ABALONE COVE MA INT
IA-PORTUGUESE BEND MA INT
OPERATING
EXPENSES/
NOTE (3)
11 ,7 58 .98
21.96
11 ,780.94
BALANCE
FORWARD
1,199,963.06
116 ,843 .92
1,316 ,806 .98
Total Investment:
Total Investment Weighted Average Return
LAIF-RDA LAIF-IA
2,318 .70 1,302,729.30
2,318.70 1,302 ,729 .30
DEB IT CRED IT
21 .96
21 .96 0 .00
Tota l In vestment:
TOTAL CASH
1,305 ,048.00
11 ,758.98
0 .00
0.00
21.96
0.00
0 .00
0 .00
1,316,828.94
ENDING
CASH
1,199,985.02
116 ,843 .92
1,316 ,828 .94
1,316 ,828.94
$ 1,316,829
3.81%
RECE IVED
0.00
% Change of
Change In Cash Balance
Ending Cash from Previous
Balance Mont h-End
21 .96 0%
0 .00 0%
21 .96 0%
NOTE (1): Includes on ly the portion attributable to the Improvement Authority . Improvement Authority monies are comb ined with
Redeve lopment Agency mon ies in th is LA IF account.
NOTE (2 ): LA IF market va lues will be reported to vary from book va lue if the Authority ca lculated share of tota l LA IF assets is less than the
Authority book value .
NOTE (3): Improvement Autho rity does not have an operat ing account ; the expenses are paid from the City's operating account and allocated accord ing ly
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 accurate ly reflects all Improvement Authority investme nts and comp lies with the investment
policy of the Improvement Authority as approved by the governing board . Furthermore , I certify that sufficient
investment liqu idity and ant icipated revenues are ava il able to meet the Authority's expend iture requirements for the
next six mont hs.
Respectfully subm itted,
Treasurer Dated
A-1