Report to Carson Reclamation Authority
Tuesday, June 06, 2017
Consent
SUBJECT:
Title
CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CARSON RECLAMATION AUTHORITY
Body
I. SUMMARY
Submitted for the Reclamation Authority Board review is the monthly Investment and Cash Report.
Total revenue including cash and investments as of April 30, 2017 was $86,610,031.90
II. RECOMMENDATION
Recommendation
RECEIVE and FILE.
Body
III. ALTERNATIVES
TAKE another action the Council deems appropriate.
IV. BACKGROUND
The monthly Investment and cash Report is submitted to the Reclamation Board of Directors to ensure that the legislative body is kept abreast of the value of the reserve funds and available cash.
The investment program herein provides sufficient cash flow liquidity to meet the next six months of estimated expenditures. Additionally, the investment portfolio is in compliance with California Government Code Sections 53600, 6505.5, the Reclamation Authority bond indenture and the Reclamation Authority Investment Policy.
V. FISCAL IMPACT
None
VI. EXHIBITS
1. Reclamation Authority Investment portfolio (Pg. 3 -5)
2. Reclamation Authority Investment Portfolio#2 (Pgs.6-7 )
3. Reclamation Authority Investment Portfolio Remediation (Pg. 8)
Prepared by: Monica Cooper, City Treasurer