Consent Item 9
Consent 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 19, 2023
________________________________________________________________________ Recommendation
Receive report on EBCE’s cash position.
Background and Discussion
For the quarter ending March 31, 2023, 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 3/31/2023
Cash Received by Month into Lockbox Account
Outstanding Loan Balances:
Account Amount
Internal Operating $ 1,729,149
Operating Fund $ 109,364,521
Lockbox (Includes $1,000,000 reserve) $ 22,957,460
Union Bank $ 35,000,000
Money Market $ 7,427,446
Insured Cash Sweep $ 99,521,380
Total $ 275,999,956
January 2023 $ 75,507,924
February 2023 $ 67,838,078
March 2023 $ 85,772,483
Total $229,118,485
Consent Item 9
Union Bank Credit Facility: $0.00
Customer Delinquency:
As of March 31, 2023
31 – 60 Days: $ 7,333,307
61 – 90 Days: $ 4,499,004
91 - 120 Days: $ 3,380,699
120+ Days: $ 30,021,533