HomeMy WebLinkAboutFin Successor Agency Quarterly Report____________________________________________________________________________________
FOR CITY CLERK ONLY
Council Meeting: July 20, 2020
Disposition: Accepted report
Agenda Item No: SA 1.a
Meeting Date: July 20, 2020
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY
AGENDA REPORT
Department: Finance Department
Prepared by: Nadine Hade
Finance Director
City Manager Approval: ______________
TOPIC: QUARTERLY INVESTMENT REPORT
SUBJECT: ACCEPTANCE OF SUCCESSOR AGENCY QUARTERLY INVESTMENT REPORT
FOR THE QUARTER ENDING JUNE 30, 2020
RECOMMENDATION: Accept investment report for the quarter ending June 30, 2020, 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 15, 2020, 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 $39,674 at quarter-end. These
funds were available for the administration of the activities of the Agency, as well as for approved
agency commitments.
FISCAL IMPACT: No financial impact occurs by adopting the report.
RECOMENDATION: Accept investment report for the quarter ending June 30, 2020, as presented.
ATTACHMENT:
1.Successor Agency Cash & Investment Report April through June 2020.
TREASURER’S CERTIFICATION
SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2
I CERTIFY THAT ALL INVESTMENTS MADE ARE IN CONFORMANCE WITH SUCCESSOR
AGENCY’S APPROVED INVESTMENT POLICY AND STATE INVESTMENT REGULATIONS. THE
SUCCESSOR AGENCY HAS SUFFICIENT LIQUIDITY TO MEET ALL OF THE OBLIGATIONS
REQUIRED DURING THE NEXT SIX-MONTH PERIOD, SUBJECT TO OVERSIGHT BOARD
APPROVAL OF OBLIGATIONS AND THE SUBSQUENT TIMELY COUNTY DISBURSEMENT OF
FUNDS.
Nadine Atieh Hade
Finance Director
SUCCESSOR AGENCY TO SAN RAFAEL REDEVELOPMENT AGENCY
CASH and INVESTMENTS
QUARTER ENDED 6/30/2020
PURCHASE MATURITY YIELD PURCHASE PAR MARKET Days to % OF AS
ISSUER TYPE DATE DATE PRICE VALUE VALUE Maturity TOTAL OF
CASH ACCOUNTS:
WESTAMERICA DD N/A N/A 37,723.58$ 37,723.58$ 37,723.58$ 1 100.00%4/30/2020
WESTAMERICA DD N/A N/A 278,173.58$ 278,173.58$ 37,723.58$ 1 100.00%5/31/2020
WESTAMERICA DD N/A N/A 39,674.25$ 39,674.25$ 37,723.58$ 1 100.00%6/30/2020
TOTAL INVESTMENTS -$ -$ -$
TOTAL CASH & INVESTMENTS - QUARTER-END BALANCE 39,674.25$ 39,674.25$ 37,723.58$ 100.00%
% Portfolio held 1 year or less
100%
TYPE:
DD - Demand Deposit
T:\CITY COUNCIL AGENDA ITEMS\Agenda Item Approval Process\2020-07-20\Fin - SA Quarterly Investment Report\SA Cash & Investment Report - June 30, 2020