HomeMy WebLinkAboutB- 6 City of Azusa Redevelopment Agency Treasurers Statementr-'
CONSENT CALENDAR
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TO: HONORABLE CHAIRMAN AND MEMBERS OF THE BOAR
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FROM: URIEL E. MA IAS, REDEVELOPMENT AGENCY TREASURER��,
DATE: MAY 19, 200-' 7
SUBJECT: CITY OF AZUSA REDEVELOPMENT AGENCY TREASURER'S STATEMENT OF CASH
BALANCES FOR THE MONTH OF APRIL 2003 },'
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RECOMMENDATION
It is recommended that the Board Members receive and file the Agency Treasurer's Statement of
Cash Balances for the Azusa Redevelopment Agency for the month of April 2003.
BACKGROUND
Transmitted herewith istrency
ithe Agency Treasurer's Statement of Cash Balances for the Azusa
Redevelopment Agency fthe month of April 2003. Agency investments are made in accordance
with the Redevelopment Investment Policy approved and adopted with Resolution No. 02-
R25 dated September 16, 2002, and Government Code Section 53601.
In April, Redevelopment Agency cash and investment balances increased by $745,272.90. Cash
received during the month totaled $745,272.90, and no disbursements were made. The City
advanced $74,748.57 to the Agency in April.
The Redevelopment Agency is the Issuer of the 1994 and1997 Merged Project Tax Allocation
Bonds. Of the total cash and investments of $6,140,958.77, U.S. and Wells Fargo Banks, the
fiscal agents, held $1,419,845.08 on behalf of the Agency. These funds are restricted for
payment of debt service on the bonds. The remaining $4,721,113.69 was available for Agency
operating and debt service expenses.
FISCAL IMPACT
The balance of cash and investments and projected revenues for the ne)it six mori:hs are expected
to be sufficient to meet cash disbursement requirements for at least the next six months.
Prepared by: Roseanna 1. lara, Sr. ALt.-Redevelopment
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CITY OF AZUSA REDEVELOPMENT AGENCY
AGENCY TREASURER'S STATEMENT OF CASH
AND INVESTMENT BALANCES
APRIL 2003
Beginning Cash Balance
(All Restricted and Unrestricted Accounts & Investments)
Receipts (All Sources)
Disbursements
Ending Cash Balance
(All Restricted and Unrestricted Accounts & Investments)
K
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$5,395,685.87
745,272.90
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$6,140,958.77
Uriel E. Macias, Agency Treasurer
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No Ilmll
CITY OF AZUSA
Ongoing
0.000%
�+
Wells Fargo Treasury Plus/MMkt
No limit
REDEVELOPMENT AGENCY
1994A Reserve Account
1.150%
10.39
Cash
TREASURY
BOOK BALANCES - CASH AND INVESTMENTS
Wells Fargo Treasury Plus/MMkt
No limit
10.39 N/A
Transamerica Life Investment Agr.
N/A
APRIL 2003
1994 Merged Project Tax Allocation Bonds Subtotal:
0.000%
$952,201.25
Interest Collections:
Maximum
1997 Merged Protect Tax Allocation Bonds
1997A Special Fund
Deposits
Cash
Interest
Mkt
Bank Accounts
Allowed
Amount Pledged Securities
Maturity
Rate
Value
CASH AND INVESTMENTS HELD BY AGENCY TREASURER
Wells Fargo Bank
Government Checking
No limit
$10,781.55 FDIC up to $100,000.00
Ongoing
0.000%
$10,781.55
>$100,000 collaterized by 110% in govn't securities
deral Home Loan Note .. _
No Cimit
_ 1,000 000'00 Backed by faith-& credit of Federal Home Loan Bank (FHLB)
08/08/07
4390-?,
: 1,010,63D.00
Local Agency Investment Fund (LAIF)
$20,000,000.00
3,710,332.14 Backed by faith & credit of the State of California
Ongoing
1.858%
3,723,041.03
SUBTOTAL CASH AND INVESTMENTS
HELD BY AGENCY TREASURER:
$4,721,113.69
$4,744,452.58
Interest Collections:
$18,635.35
CASH AND INVESTMENTS HELD BY FISCAL AGENT
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No Ilmll
W.U0 roll: up to $to0,000.00
Ongoing
0.000%
,$100,000 collaterized by 110% in govn't securities
Wells Fargo Treasury Plus/MMkt
No limit
$0.00 N/A
1994A Reserve Account
1.150%
10.39
Cash
No limit
2.11 N/A
Wells Fargo Treasury Plus/MMkt
No limit
10.39 N/A
Transamerica Life Investment Agr.
N/A
952,188.75 Guaranteed Investment Agreement
1994 Merged Project Tax Allocation Bonds Subtotal:
0.000%
$952,201.25
Interest Collections:
$0.01
1997 Merged Protect Tax Allocation Bonds
1997A Special Fund
Cash
No limit
$0.00 FDIC up to $100,000.00
>$I00,000 collaterized by 110% in govn't securities
Federated Auto Gov't Fund/MMkt
No limit
0.38 N/A
Ongoing
0.000%
$0.00
Ongoing
0.000%
0.00
Ongoing
0.000%
2.11
Ongoing
1.150%
10.39
08/01/23_
6.820%
952,188.75
$952,201.25
Ongoing
0.000%
0.00
Ongoing
0.000%
0.38
1997A Reserve Account
Cash
CITY OF AZUSA
REDEVELOPMENT AGENCY
TREASURY BOOK BALANCES - CASH AND INVESTMENTS
Deposits Interest Mkt
Bank Accounts Allowed Amount Pledged Securities Maturity Rate Value
No limit
Federated Auto Gov't Fund/MMkt No limit
Morgan Guaranty Tnrst Coinpany- - No limit
1997 Merged Project Tax Allocation Bonds Subtotal:
Interest Collections: $0.00
SUBTOTAL CASH AND INVESTMENTS
HELD BY FISCAL AGENT:
Total - Azusa Redevelopment Agency
Cash and Investments:
Total Interest Collections: $18,635.36
Source of Market Value Information
U.S. Bank, Trustee
Wells Fargo Corporate Trust, Trustee
Local Agency Investment Fund (LAIF)
Wells Fargo Institutional Securities
Tax Allocation Bond Data is based on Trustee -generated Statements; bond funds listed
herein are restricted for payment of debt service and governed by
strict regulations described in the Trust Indentures.
0.95 FDIC up to $100,000.00 Ongoing 0.000% 0.95
>$100,000 collaterized by 110% in govn't securities
0.00 N/A Ongoing 0.000% 0.00
467,642.50 Guaranteed Investment Agreement "`"""""--" Ongoing - 5.750% 467,642.50
$467,643.83 $467,643.83
$1,419,845.08
$6,140,958.77
$1,419,845.08
$6,164,297.66