HomeMy WebLinkAboutFin Successor Agency Quarterly Investment Report____________________________________________________________________________________
FOR CITY CLERK ONLY
Council Meeting: October 17, 2022
Disposition: Accepted report
Agenda Item No: SA 1.a
Meeting Date: October 17, 2022
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY
AGENDA REPORT
Department: Finance Department
Prepared by: Nadine Atieh Hade,
Administrative Services Director
City Manager Approval: ________
TOPIC: SUCCESSOR AGENCY QUARTERLY INVESTMENT REPORT
SUBJECT: ACCEPTANCE OF SUCCESSOR AGENCY QUARTERLY INVESTMENT REPORT
FOR THE QUARTER ENDING SEPTEMBER 30, 2022
RECOMMENDATION: Accept investment report for the quarter ending September 30, 2022, 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 21, 2022, 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 $173,497 at quarter-end.
FISCAL IMPACT: No financial impact occurs by adopting the report.
RECOMENDATION: Accept investment report for the quarter ending September 30, 2022, as presented.
ATTACHMENT:
1.Successor Agency Cash & Investment Report July through September 2022.
SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2
TREASURER’S CERTIFICATION
I CERTIFY THAT ALL INVESTMENTS MADE ARE IN CONFORMANCE WITH SUCCESSOR
AGENCY’S APPROVED INVESTMENT POLICY AND STATE INVESTMENT REGULATIONS. THE
SUCCESSOR AGENCY HAS SUFFICIENT LIQUIDITY TO MEET ALL OF THE OBLIGATIONS
REQUIRED DURING THE NEXT SIX-MONTH PERIOD, SUBJECT TO OVERSIGHT BOARD
APPROVAL OF OBLIGATIONS AND THE SUBSQUENT TIMELY COUNTY DISBURSEMENT OF
FUNDS.
Nadine Atieh Hade
Finance Director
SUCCESSOR AGENCY TO SAN RAFAEL REDEVELOPMENT AGENCYCASH and INVESTMENTSQUARTER ENDED 9/30/2022 PURCHASE MATURITYYIELD PURCHASE PAR MARKET Days to % OF AS ISSUERTYPE DATE DATE PRICEVALUEVALUE MaturityTOTAL OFCASH ACCOUNTS:WESTAMERICA DD N/A N/A 173,496.76$ 173,496.76$ 173,496.76$ 1 100.00% 7/31/2022WESTAMERICA DD N/A N/A 173,496.76$ 173,496.76$ 173,496.76$ 1 100.00% 8/31/2022WESTAMERICA DD N/A N/A 173,496.76$ 173,496.76$ 173,496.76$ 1 100.00% 9/30/2022TOTAL INVESTMENTS -$ -$ -$ TOTAL CASH & INVESTMENTS - QUARTER-END BALANCE 173,496.76$ 173,496.76$ 173,496.76$ 100.00%% Portfolio held 1 year or less100%TYPE:DD - Demand DepositT:\CITY COUNCIL AGENDA ITEMS\Agenda Item Approval Process\2022-10-17\FIN - SA Quarterly Investment Report\SA Investment Worksheet
