Item XX
Staff Report Item XX
TO: East Bay Community Energy Board of Directors
FROM: Howard Chang, Chief Operating Officer & Treasurer SUBJECT: Treasurer’s Report (Informational Item)
DATE: July 20, 2022
________________________________________________________________________ Recommendation
Receive report on EBCE’s cash position.
Background and Discussion
For quarter ending June 30, 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 6/30/2022
Cash Received by Month into Lockbox Account
Account Amount
Internal Operating $ 1,691,554
Operating Fund $ 63,738,530
Lockbox (Includes $2,000,000 reserve) $ 17,951,674
Operating Reserve Fund $ 21,148,508
Money Market $ 1,006,734
Insured Cash Sweep $ 41,379,680
Total $ 146,916,680
Last Quarter $ 142,768,764
Increase/(Decrease) $ 4,147,916
Item XX
Outstanding Loan Balances:
Barclays Credit Facility: $0.00
Customer Delinquency:
As of June 30, 2022
30 – 60 Days: $ 5,943,074
60 – 90 Days: $ 3,224,576
90 - 120 Days: $ 2,329,078
120+ Days: $ 19,968,450
More recent data has not yet been provided by PG&E and billing vendor on the date this report was generated.
April 2022 $ 40,963,278
May 2022 $ 53,869,788
June 2022 $ 57,423,896
Total $152,256,962