Report to Mayor and City Council
Tuesday, September 07, 2021
Consent
SUBJECT:
Title
CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CITY OF CARSON, CARSON HOUSING AUTHORITY, CARSON SUCCESSOR AGENCY-MONTH ENDING JULY 31, 2021
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 July 31, 2021. Following are the total reserves and cash on hand for the City of Carson and each Carson entity:
City of Carson general fund reserves (Invested assets): $77,685,600.87
City of Carson general fund cash: $23,887,242.44
Restricted funds for the City of Carson include cash on hand and reserves for the Successor Agency, Housing Authority and Co-Op Agreement:
Total City of Carson restricted funds: $20,317,328.41
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 reserves and available cash for each Carson entity. The report includes the reserves for the City of Carson, former Successor Agency and the Housing Authority.
The investment program herein provides sufficient liquidity to meet 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 Investments (Pg.4)
3. City of Carson Successor Agency Investments (Pg.5)
Prepared by: Monica Cooper, City Treasurer