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File #: 2020-149    Version: 1 Name:
Type: Consent Status: Agenda Ready
File created: 3/16/2020 In control: City Council
On agenda: 3/17/2020 Final action:
Title: CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CITY OF CARSON, CARSON HOUSING AUTHORITY, CARSON SUCCESSOR AGENCY-MONTH ENDING FEBRUARY 2020
Attachments: 1. feb 1, 2. feb 2, 3. feb 3, 4. feb 4, 5. feb 5
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Report to Mayor and City Council

Tuesday, March 17, 2020

Consent

 

 

SUBJECT:                     

Title

CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CITY OF CARSON,  CARSON HOUSING AUTHORITY, CARSON SUCCESSOR AGENCY-MONTH ENDING FEBRUARY 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 Agency and Carson Housing Authority for the month ending February 2020.   Following are the total reserve and cash amounts for each Carson entity:

 

City of Carson reserve revenue: $64,647,055.70

City of Carson cash revenue: $ 10,920,538.88

 

 

City of Carson Successor Agency reserve revenue: $10,251,122.68

City of Carson Successor Agency cash revenue: $ 5,906,537.63

 

City of Carson Housing Authority cash revenue: $ 2,002,847.82

City of Carson Housing Authority bond fund reserves $3,125,136.71

 

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 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 Successor Agency Investments (Pg.6)

4.                     City of Carson Housing Authority Bond Funds Investments (Pg.7)

5.                     City of Carson Reserves Distribution (Pg. 8)

 

 

Prepared by:  Monica Cooper, City Treasurer