Share to Facebook Share to Twitter Bookmark and Share
File #: 2022-013    Version: 1 Name:
Type: Consent Status: Agenda Ready
File created: 1/6/2022 In control: City Council
On agenda: 1/18/2022 Final action:
Title: CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CITY OF CARSON, CARSON HOUSING AUTHORITY, CARSON SUCCESSOR AGENCY-MONTH ENDING DECEMBER 31, 2021
Attachments: 1. Cash rpt December 2021, 2. CITY OF CARSON PORTFOLIO RESERVES SUMMARY DEC 2021 CITY, 3. CITY OF CARSON PORTFOLIO RESERVES SUMMARY DEC 2021 1
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.

Report to Mayor and City Council

Tuesday, January 18, 2022

Consent

 

 

SUBJECT:                     

Title

CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CITY OF CARSON,  CARSON HOUSING AUTHORITY, CARSON SUCCESSOR AGENCY-MONTH ENDING DECEMBER 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 December 31, 2021. Following are the total reserves and cash on hand for the City of Carson and each Carson entity:

 

City of Carson reserves (Invested Revenue):  $84,803,314.72       

City of Carson available cash:                                                        $17,583,740.13

 

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:                       $19,889,571.36

 

 

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 Investment  (Pgs.4 )

3.                     City of Carson Successor Agency Investments (Pg.5)

 

 

Prepared by:  Monica Cooper, City Treasurer