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HomeMy WebLinkAboutFin Successor Agency Quarterly Investment Report____________________________________________________________________________________ FOR CITY CLERK ONLY Council Meeting: January 19, 2021 Disposition: Accepted report Agenda Item No: SA 1.a Meeting Date: January 19, 2021 SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY AGENDA REPORT Department: Finance Department Prepared by: Nadine Atieh Hade Finance Director City Manager Approval: ______________ TOPIC: QUARTERLY INVESTMENT REPORT SUBJECT: ACCEPTANCE OF SUCCESSOR AGENCY QUARTERLY INVESTMENT REPORT FOR THE QUARTER ENDING DECEMBER 31, 2020 RECOMMENDATION: Accept investment report for the quarter ending December 31, 2020, as presented. BACKGROUND: Pursuant to the State of California Government Code Section 53601 and the City’s investment policy, last approved by the City Council on September 15, 2020, staff provides the governing body a quarterly report on the Successor Agency's investment activities and liquidity. ANALYSIS: The Successor Agency checking account had a balance of $39,674 at quarter-end. These funds were available for the administration of the activities of the Agency, as well as for approved agency commitments. F ISCAL IMPACT: No financial impact occurs by adopting the report. RECOMENDATION: Accept investment report for the quarter ending December 31, 2020, as presented. ATTACHMENT: 1.Successor Agency Cash & Investment Report October through December 2020. SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2 TREASURER’S CERTIFICATION I CERTIFY THAT ALL INVESTMENTS MADE ARE IN CONFORMANCE WITH SUCCESSOR AGENCY’S APPROVED INVESTMENT POLICY AND STATE INVESTMENT REGULATIONS. THE SUCCESSOR AGENCY HAS SUFFICIENT LIQUIDITY TO MEET ALL OF THE OBLIGATIONS REQUIRED DURING THE NEXT SIX-MONTH PERIOD, SUBJECT TO OVERSIGHT BOARD APPROVAL OF OBLIGATIONS AND THE SUBSQUENT TIMELY COUNTY DISBURSEMENT OF FUNDS. Nadine Atieh Hade Finance Director T:\CITY COUNCIL AGENDA ITEMS\Agenda Item Approval Process\2021-01-19\FIN - SA Quarterly Investment Report\SA Investment Worksheet.xlsx SUCCESSOR AGENCY TO SAN RAFAEL REDEVELOPMENT AGENCY CASH and INVESTMENTS QUARTER ENDED 12/31/2020 PURCHASE MATURITY YIELD PURCHASE PAR MARKET Days to % OF AS ISSUER TYPE DATE DATE PRICE VALUE VALUE Maturity TOTAL OF CASH ACCOUNTS: WESTAMERICA DD N/A N/A 39,674.25$ 39,674.25$ 39,674.25$ 1 100.00%10/31/2020 WESTAMERICA DD N/A N/A 39,674.25$ 39,674.25$ 39,674.25$ 1 100.00%11/30/2020 WESTAMERICA DD N/A N/A 39,674.25$ 39,674.25$ 39,674.25$ 1 100.00%12/31/2020 TOTAL INVESTMENTS -$ -$ -$ TOTAL CASH & INVESTMENTS - QUARTER-END BALANCE 39,674.25$ 39,674.25$ 39,674.25$ 100.00% % Portfolio held 1 year or less 100% TYPE: DD - Demand Deposit