HomeMy WebLinkAboutFIN SA Investment 2018.03
____________________________________________________________________________________
FOR CITY CLERK ONLY
Council Meeting: 5/07/2018
Disposition: Accepted Report
Agenda Item No: 1.a
Meeting Date: May 7, 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 March 31, 2018, 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 $264,411 at quarter-
end. These funds were available for the administration of the activities of the Agency, as well
as for approved Agency commitments.
FISCAL IMPACT: No financial impact occurs by adopting the report.
RECOMENDATION: Accept and file the investment report as presented.
ATTACHMENT:
1. Successor Agency Cash & Investment Report January through March 2018.
SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2
TREASURER’S CERTIFICATION
I CERTIFY THAT ALL INVESTMENTS MADE ARE IN CONFORMANCE WITH SUCCESSOR
AGENCY’S APPROVED INVESTMENT POLICY AND STATE INVESTMENT REGULATIONS.
THE SUCCESSOR AGENCY HAS SUFFICIENT LIQUIDITY TO MEET ALL OF THE
OBLIGATIONS REQUIRED DURING THE NEXT SIX-MONTH PERIOD, SUBJECT TO
OVERSIGHT BOARD APPROVAL OF OBLIGATIONS AND THE SUBSQUENT TIMELY
COUNTY DISBURSEMENT OF FUNDS.
MARK MOSES
FINANCE DIRECTOR
SUCCESSOR AGENCY TO SAN RAFAEL REDEVELOPMENT AGENCYCASH and INVESTMENTSQUARTER ENDED 3/31/2018 PURCHASE MATURITYYIELD PURCHASE PAR MARKET Days to % OFAS ISSUER TYPE DATE DATE PRICEVALUEVALUE MaturityTOTAL OFCASH ACCOUNTS:WESTAMERICA DD N/A N/A 264,411.39$ 264,411.39$ 264,411.39$ 1 100.00% 1/31/2018WESTAMERICA DD N/A N/A 264,411.39$ 264,411.39$ 264,411.39$ 1 100.00% 2/28/2018WESTAMERICA DD N/A N/A 264,411.39$ 264,411.39$ 264,411.39$ 1 100.00% 3/31/2018TOTAL INVESTMENTS-$ -$ -$ TOTAL CASH & INVESTMENTS - QUARTER-END BALANCE 264,411.39$ 264,411.39$ 264,411.39$ 300.00%% Portfolio held 1 year or less100%TYPE:DD - Demand DepositW:\Cash Management and Treasury\Investments\RDA Worksheets\RDA 17-18