File #: 2019-404    Version: 1 Name:
Type: Consent Status: Agenda Ready
File created: 4/10/2019 In control: City Council
On agenda: 4/16/2019 Final action:
Title: CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CITY OF CARSON, CARSON HOUSING AUTHORITY, FORMER CARSON SUCCESSOR AGENCY-MONTH ENDING MARCH 31, 2019 (CITY COUNCIL)
Attachments: 1. Cash rpt March 2019, 2. City of Carson March 2019, 3. City of carson compliance March 2019, 4. Successor Agency March 2019, 5. Successor compliance March 2019, 6. Housing rpt March 2019, 7. Housing bonds rpt March 2019, 8. Housing Compliance March 2019
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Report to Mayor and City Council

Tuesday, April 16, 2019

Consent

 

 

SUBJECT:                     

Title

CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CITY OF CARSON,  CARSON HOUSING AUTHORITY, FORMER CARSON SUCCESSOR AGENCY-MONTH ENDING MARCH 31,  2019  (CITY COUNCIL)

 

Body

I.                     SUMMARY

Submitted for Council’s review is the monthly Investment and Cash Report for the City of Carson, former Carson Successor Agency and Carson Housing Authority for the month ending March 31, 2019. Following are the total reserve and cash amounts for each Carson entity:

 

City of Carson reserve revenue: $ 47,876,783.31

City of Carson cash revenue: $ 10,406,332.50

 

City of Carson Successor Agency reserve revenue: $ 10,932,915.67

City of Carson Successor Agency cash revenue: $ 4,954,371.19

 

City of Carson Housing Authority reserve revenue: $40,479.22

City of Carson Housing Authority cash revenue: $230,894.88

City of Carson Housing Authority bond fund reserves $3,111,198.39

 

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 Mayor and City Council to ensure the legislative body is kept abreast of the value of the reserve funds and available cash for each Carson entity.  The report covers the reserve funds for the City of Carson, former Carson Successor Agency and the Carson 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.

 

 

V.                     FISCAL IMPACT

None

 

VI.                     EXHIBITS

1.                     Summary of Cash  (Pg. 3)

2.                     City of Carson Investment  (Pgs.4-5 )

3.                     City of Carson Investment Portfolio Compliance Report (Pgs. 6)

4.                     City of Carson Successor Agency Investment Portfolio (Pg.7)

5.                     City of Carson Successor Agency Investment Portfolio Compliance Report (Pg.8)

6.                     City of Carson Housing Authority Investment Portfolio (Pg. 9)

7.                     City of Carson Housing Authority Bond Funds Investment Portfolio (Pg. 10)

8.                     City of Carson Housing Authority Investment Portfolio Compliance Report (Pg. 11)

 

 

 

Prepared by:  Monica Cooper, City Treasurer