Staff Report Item 9
TO: East Bay Community Energy Board of Directors
FROM: Howard Chang, Chief Operating Officer & Treasurer SUBJECT: Treasurer’s Report (Informational Item)
DATE: April 20, 2022
________________________________________________________________________ Recommendation
Receive report on EBCE’s cash position.
Background and Discussion
For quarter ending March 31, 2022, EBCE has maintained a positive cash balance on all EBCE bank accounts. Below is a summary of account balances, cash received, and outstanding loan balances.
Account Balances as of 3/31/2022
Cash Received by Month into Lockbox Account
Account Amount
Internal Operating $ 1,902,535
Operating Fund $ 65,452,040
Lockbox (Includes $2,000,000 reserve) $ 11,966,793
Operating Reserve Fund $ 41,119,754
Money Market $ 1,006,734
Insured Cash Sweep $ 21,320,908
Total $ 142,768,764
January 2022 $ 37,856,512
February 2022 $ 38,354,848
March 2022 $ 37,003,734
Total $113,215,094
Consent Item 9
Outstanding Loan Balances:
Barclays Credit Facility: $0.00
Customer Arrearages:
As of March 31, 2022
30 – 60 Days: $ 4,236,901
60 – 90 Days: $ 2,911,736
90 - 120 Days: $ 2,176,427
120+ Days: $ 19,302,382