HomeMy WebLinkAboutFin Quarterly Investment Report - Successor Agency____________________________________________________________________________________
FOR CITY CLERK ONLY
Council Meeting: 10/21/2019
Disposition: Accepted Report
Agenda Item No: SRSA 1.a
Meeting Date: October 21, 2019
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 September 30, 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 $386,390 at quarter-end.
These funds were available for the administration of the activities of the Agency, as well as for
approved agency commitments.
FISCAL IMPACT: No financial impact occurs by adopting the report.
RECOMENDATION: Accept investment report for the quarter ending September 30, 2019, as
presented.
ATTACHMENT:
1. Successor Agency Cash & Investment Report July through September 2019.
SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2
TREASURER’S CERTIFICATION
I CERTIFY THAT ALL INVESTMENTS MADE ARE IN CONFORMANCE WITH SUCCESSOR
AGENCY’S APPROVED INVESTMENT POLICY AND STATE INVESTMENT REGULATIONS. THE
SUCCESSOR AGENCY HAS SUFFICIENT LIQUIDITY TO MEET ALL OF THE OBLIGATIONS
REQUIRED DURING THE NEXT SIX-MONTH PERIOD, SUBJECT TO OVERSIGHT BOARD
APPROVAL OF OBLIGATIONS AND THE SUBSQUENT TIMELY COUNTY DISBURSEMENT OF
FUNDS.
Nadine Atieh Hade
Finance Director
SUCCESSOR AGENCY TO SAN RAFAEL REDEVELOPMENT AGENCYCASH and INVESTMENTSQUARTER ENDED 9/30/2019 PURCHASE MATURITY YIELD PURCHASE PAR MARKET Days to % OFAS ISSUER TYPE DATE DATE PRICEVALUEVALUE Maturity TOTAL OFCASH ACCOUNTS:WESTAMERICA DD N/A N/A 180,140.35$ 180,140.35$ 386,390.35$ 1 100.00% 7/31/2019WESTAMERICA DD N/A N/A 13,387.33$ 13,387.33$ 386,390.35$ 1 100.00% 8/31/2019 bank incorrectly debit $167k wireWESTAMERICA DD N/A N/A 180,140.35$ 180,140.35$ 386,390.35$ 1 100.00% 9/30/2019TOTAL INVESTMENTS -$ -$ -$ TOTAL CASH & INVESTMENTS - QUARTER-END BALANCE 180,140.35$ 180,140.35$ 386,390.35$ 300.00%% Portfolio held 1 year or less100%TYPE:DD - Demand DepositW:\Council Material\Staff Reports\2019\SA Investment Worksheet.xls