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HomeMy WebLinkAboutFin Successor Agency Quarterly Investment Report____________________________________________________________________________________ FOR CITY CLERK ONLY Council Meeting: April 17, 2023 Disposition: Accepted report Agenda Item No: SA 1.a Meeting Date: April 17, 2023 SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY AGENDA REPORT Department: Finance Department Prepared by: Shawn Plate, Principal Accountant City Manager Approval: ________ TOPIC: SUCCESSOR AGENCY QUARTERLY INVESTMENT REPORT SUBJECT: ACCEPTANCE OF SUCCESSOR AGENCY QUARTERLY INVESTMENT REPORT FOR THE QUARTER ENDING MARCH 31, 2023 RECOMMENDATION: Accept investment report for the quarter ending March 31, 2023, 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 $173,497 at quarter-end. FISCAL IMPACT: No financial impact occurs by adopting the report. RECOMENDATION: Accept investment report for the quarter ending March 31, 2023, as presented. ATTACHMENT: 1.Successor Agency Cash & Investment Report January through March 2023. SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2 TREASURER’S CERTIFICATION I CERTIFY THAT ALL INVESTMENTS MADE ARE IN CONFORMANCE WITH SUCCESSOR AGENCY’S APPROVED INVESTMENT POLICY AND STATE INVESTMENT REGULATIONS. THE SUCCESSOR AGENCY HAS SUFFICIENT LIQUIDITY TO MEET ALL OF THE OBLIGATIONS REQUIRED DURING THE NEXT SIX-MONTH PERIOD, SUBJECT TO OVERSIGHT BOARD APPROVAL OF OBLIGATIONS AND THE SUBSQUENT TIMELY COUNTY DISBURSEMENT OF FUNDS. Jim Schutz City Manager SUCCESSOR AGENCY TO SAN RAFAEL REDEVELOPMENT AGENCYCASH and INVESTMENTSQUARTER ENDED 3/31/2023 PURCHASEMATURITYYIELD PURCHASEPAR MARKETDays to% OF AS ISSUER TYPE DATEDATEPRICEVALUEVALUE MaturityTOTALOFCASH ACCOUNTS:WESTAMERICA DD N/A N/A 173,496.76$ 173,496.76$ 173,496.76$ 1 100.00% 1/31/2023WESTAMERICA DD N/A N/A 173,496.76$ 173,496.76$ 173,496.76$ 1 100.00% 2/28/2023WESTAMERICA DD N/A N/A 173,496.76$ 173,496.76$ 173,496.76$ 1 100.00% 3/31/2023TOTAL 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\2023-04-17\FIN - SA Quarterly Investment Report\SA Investment Worksheet