Report to Mayor and City Council
Tuesday, February 18, 2020
Consent
SUBJECT:
Title
CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CITY OF CARSON, CARSON HOUSING AUTHORITY, CARSON SUCCESSOR AGENCY-MONTH ENDING JANUARY 31, 2020
Body
I. SUMMARY
Submitted to the Mayor and City Council is the monthly Investment and Cash Report for the City of Carson, former Successor January 31,2020. Following are the total reserve and cash amounts for each City of Carson entity:
City of Carson reserve revenue: $65,597,747.64
City of Carson cash revenue: $8,774,143.40
City of Carson Successor Agency reserve revenue: $10,249,552.80
City of Carson Successor Agency cash revenue: $6,114,878.54
City of Carson Housing Authority cash revenue: $2,037,998.94
City of Carson Housing Authority bond fund reserves $3,124,287.17
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 reserve revenue value and available cash for each Carson entity. The report includes the reserve funds for the City of Carson, former Successor Agency and the Housing Authority.
The investment program herein provides sufficient cash flow liquidity to meet the next six months of estimated expenditures. All investments are in compliance with California 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 Distribution Chart (Pg. 6)
4. City of Carson Successor Agency Investments (Pg.7)
5. City of Carson Housing Authority Bond Funds Investments (Pg.8 )
Prepared by: Monica Cooper, City Treasurer