____________________________________________________________________________________
FOR CITY CLERK ONLY
Council Meeting:
Disposition:
Agenda Item No: SA 1.a
Meeting Date: February 5, 2024
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY
AGENDA REPORT
Department: Finance Department
Prepared by: Paul Navazio, Finance Director City Manager Approval: ________ TOPIC: SUCCESSOR AGENCY QUARTERLY INVESTMENT REPORT
SUBJECT: ACCEPTANCE OF SUCCESSOR AGENCY QUARTERLY INVESTMENT REPORT FOR THE QUARTER ENDING DECEMBER 31, 2023
RECOMMENDATION: Accept investment report for the quarter ending December 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 $148,342 as of the quarter ending December 31, 2023.
FISCAL IMPACT: No financial impact occurs by adopting the report.
RECOMENDATION: Accept investment report for the quarter ending December 31, 2023, as presented.
ATTACHMENT:
1. Successor Agency Cash & Investment Report October through December 31, 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.
Paul Navazio
Finance Director
SUCCESSOR AGENCY TO SAN RAFAEL REDEVELOPMENT AGENCY
CASH and INVESTMENTS
QUARTER ENDED 12/31/2023
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 $ 253,496.76 $ 253,496.76 $ 253,496.76 1 100.00% 5/31/2023 WESTAMERICA DD N/A N/A $ 123,234.31 $ 123,234.31 $ 123,234.31 1 100.00% 6/30/2023 WESTAMERICA DD N/A N/A $ 123,234.31 $ 123,234.31 $ 123,234.31 1 100.00% 9/30/2023 WESTAMERICA DD N/A N/A $ 148,342.31 $ 148,342.31 $ 148,342.31 1 100.00% 12/31/2023 TOTAL INVESTMENTS $ 148,342.31 148,342.31 $ 148,342.31 $ TOTAL INVESTMENTS $ - - $ - $
TOTAL CASH & INVESTMENTS - QUARTER-END BALANCE 148,342.31 $ 148,342.31 $ 148,342.31 $ 100.00% % Portfolio held 1 year or less
100%
TYPE:
DD - Demand Deposit
https://cityofsanrafael-my.sharepoint.com/personal/pauln_cityofsanrafael_org/Documents/Documents/Departments/Finance/Investments/FY23-24 Q2 Invest Reports/SA Investment Worksheet 12-31-2023