HomeMy WebLinkAboutFIN SA Quarterly Investment Report____________________________________________________________________________________
FOR CITY CLERK ONLY
File No.: SA Financial Reports
Council Meeting: 2/5/2018
Disposition: Accepted Report
Agenda Item No: 1.a
Meeting Date: February 5, 2018
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY
AGENDA REPORT
Department: Finance Department
Prepared by: Mark Moses
Finance Director
City Manager Approval: ______________
SUBJECT: QUARTERLY INVESTMENT REPORT
RECOMMENDATION: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING
DECEMBER 31, 2017, 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 August 7, 2017, 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 $264,411 at quarter-
end. These funds were available for the administration of the activities of the Agency, as well
as for approved agency commitments. Currently, there are no funds invested with the City’s
pooled investments. If any such investments were to occur, they would be covered by the
City’s investment policy.
FISCAL IMPACT: No financial impact occurs by adopting the report.
RECOMENDATION: Accept and file the investment report as presented.
Attachment:
Successor Agency Cash & Investment Report October through December 2017.
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.
MARK MOSES
FINANCE DIRECTOR
SUCCESSOR AGENCY TO SAN RAFAEL REDEVELOPMENT AGENCY
CASH and INVESTMENTS
QUARTER ENDED 12/31/2017
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 264,411.39$264,411.39$264,411.39$1 100.00%10/31/2017
WESTAMERICA DD N/A N/A 264,411.39$264,411.39$264,411.39$1 100.00%11/30/2017
WESTAMERICA DD N/A N/A 264,411.39$264,411.39$264,411.39$1 100.00%12/31/2017
TOTAL INVESTMENTS -$-$-$
TOTAL CASH & INVESTMENTS - QUARTER-END BALANCE 264,411.39$264,411.39$264,411.39$300.00%
% Portfolio held 1 year or less
100%
TYPE:
DD - Demand Deposit
W:\Cash Management and Treasury\Investments\RDA Worksheets\RDA 17-18.xls
STAFF REPORT APPROVAL
ROUTING SLIP
Staff Report Author: Mark Moses Date of Meeting: 02/05/2018
Department: Finance Department
Topic: SA-Quarterly Investment Report 12-31-17
Subject: SA-Quarterly Investment Report 12-31-17
Type: (check all that apply) ☒ Consent Calendar ☐ Public Hearing
☐ Discussion Item ☐ Resolution ☐ Ordinance
☐ Professional Services Agreement ☐ Informational Report
*If PSA, City Attorney approval is required prior to start of staff report approval process
Was agenda item publicly noticed? ☐ Yes ☐No Date noticed: ☐Mailed ☐Site posted ☐Marin IJ
Due Date Responsibility Description Completed
Date Initial / Comment
DEPARTMENT REVIEW
FRIDAY noon
Director Director approves staff
report is ready for ACM,
City Attorney & Finance
review.
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CONTENT REVIEW
MONDAY
morning
Assistant City Manager
City Attorney
Finance
ACM, City Attorney &
Finance will review items,
make edits using track
changes and ask questions
using comments. Items will
be returned to the author
by end of day Wednesday.
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1/23/2018
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LG
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DEPARTMENT REVISIONS
WEDNESDAY
noon
Author Author revises the report
based on comments
receives and produces a
final version (all track
changes and comments
removed) by Friday at
noon.
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ACM, CITY ATTORNEY, FINANCE FINAL APPROVAL
MONDAY
morning
Assistant City Manager
City Attorney
ACM, City Attorney &
Finance will check to see
their comments were
adequately addressed and
sign-off for the City
Manager to conduct the
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Finance
final review. Click here to
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TUES
noon
City Manager Final review and approval Click here to
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