File #: 2017-892    Version: 1 Name:
Type: Consent Status: Agenda Ready
File created: 11/14/2017 In control: City Council
On agenda: 11/21/2017 Final action:
Title: CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CITY OF CARSON, CARSON HOUSING AUTHORITY, CARSON SUCCESSOR AGENCY-MONTH ENDING OCTOBER 31, 2017 (CITY COUNCIL)
Attachments: 1. sum 10 2017, 2. Carson 10, 3. successor 10, 4. Housing 10, 5. sum 1, 6. sum 2, 7. sum 3, 8. Exhibit 7, 9. certification 10
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Report to Mayor and City Council
Tuesday, November 21, 2017
Consent


SUBJECT:
Title
CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CITY OF CARSON, CARSON HOUSING AUTHORITY, CARSON SUCCESSOR AGENCY-MONTH ENDING OCTOBER 31, 2017 (CITY COUNCIL)

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I. SUMMARY

Submitted for Council's review is the monthly Investment and Cash Report for the City of Carson, Successor Agency and Carson Housing Authority for the month ending October 31, 2017. Following are the total reserve and cash amounts for each Carson entity:

City of Carson reserve funds: $33,786,783.53
City of Carson cash revenue: $3,784,185.64

City of Carson Successor Agency reserve funds: $12,690,078.53
City of Carson Successor Agency cash revenue: $1,572,668.57
City of Carson Successor Agency bond funds reserves: $5,289,381.09

City of Carson Housing Authority reserve funds: $553,515.73
City of Carson Housing Authority cash revenue: $ 321,678.47
City of Carson Housing Authority Bond Funds reserves: $11,358,854.73


II. RECOMMENDATION
Recommendation

RECEIVE and FILE.


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III. ALTERNATIVES

TAKE another action the Council deems appropriate.


IV. BACKGROUND

The monthly Investment and cash Report is submitted to the City Council to ensure that the legislative body is kept abreast of the value of the reserve funds and available cash. The report covers the reserve funds for the City of Carson, Successor Agency and the Housing Authority.
The City has the ability to meet its expenditure requirement for 6 months and beyond. All investments are in compliance with state code 503600, City of Carson investment policy and all applicable bond indentures.

In October 2017, The City of Carson Treasury Department received certification of its investment policy from the California Municipal Treasurers Association. This is the first time in the City of Carson's history, the investment policy received certification. The California Municipal Treasurers Association issue this certification to certi...

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