Consent Item 10
Consent Item 10
TO: East Bay Community Energy Board of Directors
FROM: Howard Chang, Chief Operating Officer & Treasurer SUBJECT: Treasurer’s Report (Informational Item)
DATE: July 19, 2023
________________________________________________________________________ Recommendation
Receive report on EBCE’s cash position.
Background and Discussion
For the quarter ending June 30, 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 6/30/2023
Cash Received by Month into Lockbox Account
Account Amount
Internal Operating $ 3,018,661
Operating Fund $ 150,112,887
Lockbox (Includes $1,000,000 reserve) $ 19,613,117
Union Bank $ 35,000,000
Money Market $ 6,548,387
Insured Cash Sweep $ 130,769,347
Wells Fargo $ 585,873
Total $ 345,648,272
April 2023 $ 71,068,408
May 2023 $ 72,123,255
June 2023 $ 75,821,767
Total $219,013,430
Consent Item 10
Outstanding Loan Balances:
Union Bank Credit Facility: $0.00
Customer Delinquency:
As of June 30, 2023
31 – 60 Days: $ 6,252,647
61 – 90 Days: $ 5,001,063
91 - 120 Days: $ 4,391,791
120+ Days: $ 34,750,237