Consent Item 6
Consent Item 6
TO: East Bay Community Energy Board of Directors
FROM: Howard Chang, Chief Operating Officer & Treasurer SUBJECT: Treasurer’s Report (Informational Item)
DATE: October 18, 2023
________________________________________________________________________ Recommendation
Receive report on EBCE’s cash position.
Background and Discussion
For the quarter ending September 30, 2023, EBCE has maintained a positive cash balance on all EBCE bank accounts. Below is a summary of account & holdings balances, cash received, outstanding loan balances, and customer delinquencies.
Account Balances and Holdings as of 9/30/2023
Cash Received by Month into Lockbox Account
Account Amount
Internal Operating $ 5,062,019
Operating Fund $ 125,094,500
Lockbox (Includes $1,000,000 reserve) $ 13,848,241
US Bank $ 36,000,000
Money Market $ 51,992,783
Insured Cash Sweep $ 181,947,191
Wells Fargo $ 568,428
CDARS $ 50,000,000
Total $ 464,513,162
July 2023 $ 74,436,898
August 2023 $ 95,619,382
September 2023 $ 79,169,393
Total $249,225,673
Consent Item 6
Outstanding Loan Balances:
US Bank Credit Facility: $0.00
Customer Delinquency:
As of September 30, 2023
31 – 60 Days: $ 5,456,453
61 – 90 Days: $ 3,416,391
91 - 120 Days: $ 2,391,529
120+ Days: $ 34,886,786