Consent Item 7
Consent Item 7
TO: East Bay Community Energy Board of Directors
FROM: Howard Chang, Chief Operating Officer & Treasurer SUBJECT: Treasurer’s Report (Informational Item)
DATE: October 19, 2022
________________________________________________________________________ Recommendation
Receive report on EBCE’s cash position.
Background and Discussion
For quarter ending September 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 9/30/2022
Cash Received by Month into Lockbox Account
Account Amount
Internal Operating $ 1,104,743
Operating Fund $ 107,414,216
Lockbox (Includes $2,000,000 reserve) $ 21,133,646
Operating Reserve Fund $ 7,021,482
Money Market $ 10,831,470
Insured Cash Sweep $ 48,527,870
Total $ 196,033,427
July 2022 $ 63,586,117
August 2022 $ 83,725,557
September 2022 $ 80,137,023
Total $227,448,697
Consent Item 7
Outstanding Loan Balances:
Barclays Credit Facility: $0.00
Customer Delinquency:
As of September 30, 2022
31 – 60 Days: $ 7,518,552
61 – 90 Days: $ 7,694,812
91 - 120 Days: $ 3,728,882
120+ Days: $ 19,883,114
More recent data has not yet been provided by PG&E and billing vendor on the date this report was generated.