HomeMy WebLinkAboutFIN Successor Agency Quarterly Report____________________________________________________________________________________
FOR CITY CLERK ONLY
Council Meeting: 01/21/2020
Disposition: Accepted report
Agenda Item No: SA 1.a
Meeting Date: January 21, 2020
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
RECOMMENDATION: Accept investment report for the quarter ending December 31, 2019, 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 June 17, 2019, 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 $37,724 at quarter-end. These
funds were available for the administration of the activities of the Agency, as well as for approved
agency commitments.
FISCAL IMPACT: No financial impact occurs by adopting the report.
RECOMENDATION: Accept investment report for the quarter ending December 31, 2019, as
presented.
ATTACHMENT:
1. Successor Agency Cash & Investment Report October through December 2019.
SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2
TREASURER’S CERTIFICATION
I CERTIFY THAT ALL INVESTMENTS MADE ARE IN CONFORMANCE WITH SUCCESSOR
AGENCY’S APPROVED INVESTMENT POLICY AND STATE INVESTMENT REGULATIONS. THE
SUCCESSOR AGENCY HAS SUFFICIENT LIQUIDITY TO MEET ALL OF THE OBLIGATIONS
REQUIRED DURING THE NEXT SIX-MONTH PERIOD, SUBJECT TO OVERSIGHT BOARD
APPROVAL OF OBLIGATIONS AND THE SUBSQUENT TIMELY COUNTY DISBURSEMENT OF
FUNDS.
Nadine Atieh Hade
Finance Director
SUCCESSOR AGENCY TO SAN RAFAEL REDEVELOPMENT AGENCY
CASH and INVESTMENTS
QUARTER ENDED 12/31/2019
PURCHASE MATURITY YIELD PURCHASE PAR MARKET Days to % OF AS
ISSUER TYPE DATE DATE PRICE VALUE VALUE Maturity TOTAL OF
CASH ACCOUNTS:
WESTAMERICA DD N/A N/A 386,390.35$ 386,390.35$ 37,723.58$ 1 100.00%10/31/2019 Transfer of $348,666.77 to GF
WESTAMERICA DD N/A N/A 37,723.58$ 37,723.58$ 37,723.58$ 1 100.00%11/30/2019
WESTAMERICA DD N/A N/A 37,723.58$ 37,723.58$ 37,723.58$ 1 100.00%12/31/2019
TOTAL INVESTMENTS -$ -$ -$
TOTAL CASH & INVESTMENTS - QUARTER-END BALANCE 37,723.58$ 37,723.58$ 37,723.58$ 300.00%
% Portfolio held 1 year or less
100%
TYPE:
DD - Demand Deposit
W:\Council Material\Staff Reports\2019\SA Investment Worksheet
