HomeMy WebLinkAboutFin SA Investment Report 2015.12CITY OF
Agenda Item No: 9.a
SUCCESSOR AGENCY TO THE Meeting Date: February 1, 2016
REDEVELOPMENT AGENCY
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY
AGENDA REPORT
Department: FINANCE
Prepared by: Van Bach,,
Accounting Manager
City Manager Approval:
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SUBJECT: QUARTERLY INVESTMENT REPORT
RECOMMENDATION: ACCEPT INVESTMENT REPORT FOR THE QUARTER
ENDING DECEMBER 31, 2015, AS PRESENTED
BACKGROUND: Pursuant to the State of California Government Code Section
53601 and the City's investment policy, last reviewed and approved by the Board on
June 15, 2015, staff provides the governing body a periodic report on the Successor
Agency's investment activities. The report outlines the investment activity for the
preceding quarter. Included on the report are the cost of each investment, the interest
rates (yield), maturity dates, and market value.
ANALYSIS: The proceeds of the 1999, 2002 and 2009 Tax Allocation Refunding
Bonds are invested with the Local Agency Investment Fund (LAIF) for future projects or
administrative costs. The ending cash balance of this investment account at quarter
end was $713,669. The quarterly return on the account was 0.38%.
The Successor Agency checking account, which contains mostly bond proceeds and
some operating funds, had a balance of $1,538,225 at quarter -end.
FISCAL IMPACT: No financial impact occurs by adopting the report. The Successor
Agency continues to meet the priority principles of investing - safety, liquidity and yield
in this respective order. The portfolio remains conservatively invested.
RECOMENDATION: Accept and file the investment report as presented.
Attachment
FOR AGENCY SECRETARY ONLY
File No.: IS4 — il7tKtuecrc i JP—e�mg&— / f" c.,.t
Agency Meeting: -:;?- I/ /D-0(C�
Disposition: a +2a,��z ✓
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY REPORT / Paee: 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
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