File #: 2022-849    Version: 1 Name:
Type: Consent Status: Agenda Ready
File created: 10/4/2022 In control: City Council
On agenda: 10/18/2022 Final action:
Title: CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CITY OF CARSON, CARSON HOUSING AUTHORITY, CARSON SUCCESSOR AGENCY-MONTH ENDING SEPTEMBER 30, 2022
Attachments: 1. Cash rpt Sept 2022, 2. CITY OF CARSON PORTFOLIO RESERVES SUMMARY SEPTEMBER 2022, 3. CITY OF CARSON SUCCESSOR PORTFOLIO RESERVES SUMMARY SEPTEMBER 2022
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Report to Mayor and City Council

Tuesday, October 18, 2022

Consent

 

 

SUBJECT:                     

Title

CONSIDER MONTHLY INVESTMENT AND CASH REPORT FOR THE CITY OF CARSON,  CARSON HOUSING AUTHORITY, CARSON SUCCESSOR AGENCY-MONTH ENDING SEPTEMBER 30, 2022

 

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 September 30, 2022.   Following are the total reserves and cash on hand for the City of Carson and each Carson entity:

 

City of Carson reserves (Invested assets):    $92,989,541.71       

City of Carson available cash:                                             $66,428,625.52                     

 

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:                       $20,615,750.95

 

 

II.                     RECOMMENDATION

Recommendation

RECEIVE and FILE.

 

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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 follow the 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)

 

 

Prepared by:  Monica Cooper, City Treasurer