Consent Item 13
Consent Item 13
TO: East Bay Community Energy Board of Directors
FROM: Howard Chang, Chief Operating Officer & Treasurer SUBJECT: Treasurer’s Report (Informational Item)
DATE: February 15, 2023
________________________________________________________________________ Recommendation
Receive report on EBCE’s cash position.
Background and Discussion
For quarter ending December 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 12/31/2022
Cash Received by Month into Lockbox Account
Outstanding Loan Balances:
Account Amount
Internal Operating $ 5,311,521
Operating Fund $ 96,768,954
Lockbox (Includes $1,000,000 reserve) $ 15,337,266
Operating Reserve Fund $ 7,050,842
Money Market $ 12,716,868
Insured Cash Sweep $ 118,946,988
Total $ 256,132,439
October 2022 $ 83,002,688
November 2022 $ 63,909,455
December 2022 $ 64,316,676
Total $211,228,819
Consent Item 13
Union Bank Credit Facility: $0.00
Customer Delinquency:
As of December 31, 2022
31 – 60 Days: $ 6,070,436
61 – 90 Days: $ 5,287,411
91 - 120 Days: $ 4,074,645
120+ Days: $ 26,732,374
More recent data has not yet been provided by PG&E and billing vendor on the date this report was generated.