HomeMy WebLinkAboutFin SA Quarterly Investment Reportf SAN RAFAEL
THE CITY WITH A MISSION
Agenda Item No: SAA
Meeting Date: August 7, 2017
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY
AGENDA REPORT
Department: Finance Department
Prepared by: Mark Moses City Manager Approval:
Finance Director
SUBJECT: QUARTERLY INVESTMENT REPORT
RECOMMENDATION: ACCEPT INVESTMENT REPORT FOR THE QUARTER ENDING
JUNE 30, 2017, AS PRESENTED
BACKGROUND: Pursuant to the State of California Government Code Section 53601 and
the City's investment policy, last approved by the Council on June 20, 2016 (and being
presented separately on the City Council Agenda for annual review), 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 $595,200 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 April through June 2017.
FOR CITY CLERK ONLY
File No.: SA Financial Reports
Council Meeting: 08/07/2017
Disposition: Accepted report
SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2
TREASURER'S CERTIFICATION
I CERTIFY THAT ALL INVESTMENTS MADE ARE IN CONFORMANCE WITH THE CITY'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 6/30/2017
PURCHASE MATURITY YIELD PURCHASE PAR MARKET
ISSUER TYPE DATE DATE PRICE VALUE VALUE
CASH ACCOUNTS:
WESTAMERICA
WESTAMERICA
WESTAMERICA
Days to % OF AS
Maturity TOTAL OF
DD
N/A
N/A
$
98,979.07
$
98,979.07
$
98,979.07
1
100.00%
4/30/2017
DD
N/A
N/A
$
98,979.07
$
98,979.07
$
98,979.07
1
100.00%
5/31/2017
DD
N/A
N/A
$
595,200.07
$
595,200.07
$
595,200.07
1
100.00%
6/30/2017
TOTAL INVESTMENTS $ - $ - $ -
TOTAL CASH & INVESTMENTS - QUARTER -END BALANCE $ 595,200.07 $ 595,200.07 $ 595,200.07 300.00%
% Portfolio held 1 year or less
100%
TYPE:
DD - Demand Deposit
WACash Management and Treasury\Investments\RDA Worksheets\RDA 16-17.x1s